Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I was doing a little research on Michael J. Newbury, and I would agree Hank, he does appear to have connections.
In 2003 in this article,
Article reprint - May/June 2003
Forecasting the Gulf of Mexico Underwater Contracting Market
he was "Mike Newbury of Subsea 7"
"Roy Sijthoff of Allseas points to Subsea 7 and its Subsea Viking as examples of efficiency. The Subsea Viking recently completed a Submar mat installation in one-third of the time that other vessels have installed the same number of mats. Mike Newbury of Subsea 7 has only one problem with the vessel - it is in such demand worldwide that he cannot keep it in the Gulf of Mexico.
http://www.underwater.com/archives/arch/033.03.shtml
In 2006 he was a Regional Manager.
subsea 7 - i-Tech contact details - gulf of mexico -
Published on: 4/15/2006
Mike Newbury Regional Manager
In 2008 he was referred to as "Mike Newbury, i-Tech General Manager - North & Central America +1 281 xxx xxxx - Email: mike.newbury@subsea7.com
Listed as a contact for subsea7 (Viking and other vessels) in the
"2004 survey of Offshore pipeline installation & burial contractors & vessels."
2004 survey of Offshore pipeline installation & burial contractors & vessels.
Source: Offshore
Publication Date: 01-JAN-04
Listed as a member here:
Member of http://www.rov.org/ in 2009
"Welcome to the site of the ROV Committee of the Marine Technology Society. For members and non-members alike, this site features ROVs, the industry, current events and information for students."
Hmmn...
http://www.subsea7.com/subsea_press.php?news_id=211
Form-T trade is just a late reported trade. Happens on many stocks.
" Last sale reports of transactions in designated securities
executed between the hours of 4:00 p.m. and 6:30 p.m. Eastern Time shall
be reported within 90 seconds after execution and be designated [as “.T”
trades] with the unique trade report modifier, as specified by NASD, to
denote their execution outside normal market hours. [Transactions not
reported within 90 seconds also shall be designated as .T trades.]
Transactions not reported before 6:30 p.m. cannot be reported through the
NASD/NSX Trade Reporting Facility. Participants must use an
alternative electronic mechanism to report these trades.
(C) Last sale reports of transactions executed between midnight
and 8:00 a.m. Eastern Time shall be reported between 8:00 a.m. and 9:30
a.m. Eastern Time on trade date [as “.T” trades] with the unique trade
report modifier, as specified by NASD, to denote their execution outside
normal market hours. Such [T]transactions not reported before 9:30 a.m.
shall be reported after 4:00 p.m. and before 6:30 p.m. [as .T trades] with
the appropriate trade report modifier as specified by NASD. "
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p018633.pdf
hank, this might be of interest
http://www.nytimes.com/2009/04/01/business/01boats.html?_r=3&hp
April 1, 2009
Boats Too Costly to Keep Are Littering Coastlines
By DAVID STREITFELD
MOUNT PLEASANT, S.C. — Boat owners are abandoning ship.
They often sandpaper over the names and file off the registry numbers, doing their best to render the boats, and themselves, untraceable. Then they casually ditch the vessels in the middle of busy harbors, beach them at low tide on the banks of creeks or occasionally scuttle them outright.
The bad economy is creating a flotilla of forsaken boats. While there is no national census of abandoned boats, officials in coastal states are worried the problem will only grow worse as unemployment and financial stress continue to rise. Several states are even drafting laws against derelicts and say they are aggressively starting to pursue delinquent owners.
“Our waters have become dumping grounds,” said Maj. Paul R. Ouellette of the Florida Fish and Wildlife Conservation Commission. “It’s got to the point where something has to be done.”
Derelict boats are environmental and navigational hazards, leaking toxins and posing obstacles for other craft, especially at night. Thieves plunder them for scrap metal. In a storm, these runabouts and sailboats, cruisers and houseboats can break free or break up, causing havoc.
Some of those disposing of their boats are in the same bind as overstretched homeowners: they face steep payments on an asset that is diminishing in value and decide not to continue. They either default on the debt or take bolder measures.
Marina and maritime officials around the country say they believe, however, that most of the abandoned vessels cluttering their waters are fully paid for. They are expensive-to-maintain toys that have lost their appeal.
The owners cannot sell them, because the secondhand market is overwhelmed. They cannot afford to spend hundreds of dollars a month mooring and maintaining them. And they do not have the thousands of dollars required to properly dispose of them.
When Brian A. Lewis of Seattle tried to sell his boat, Jubilee, no one would pay his asking price of $28,500. Mr. Lewis told the police that maintaining the boat caused “extreme anxiety,” which led him to him drill a two-inch hole in Jubilee’s hull last March.
The boat sank in Puget Sound, and Mr. Lewis told his insurance company it was an accident. His scheme came undone when the state, seeking to prevent environmental damage, raised Jubilee. Mr. Lewis pleaded guilty last week to insurance fraud.
While there are no reliable national statistics on boating fraud, Todd Schwede, an insurance investigator in San Diego, said the number of suspicious cases he was handling had roughly tripled in the last year, to around 70.
In many cases, he said, the boater is following this logic: “I am overinsured on this boat. If I make it go away so no one will find it, the insurance company will give me enough to cover the debt and I’ll make something on the deal as well.”
Lt. David Dipre, who coordinates Florida’s derelict vessel program, said the handful of owners he had managed to track down were guilty more of negligence than fraud. “They say, ‘I had a dream of sailing around the world, I just never got around to it.’ Then they have some bad times and they leave it to someone else to clean up the mess,” Lieutenant Dipre said.
Florida officials say they are moving more aggressively to track down owners and are also starting to unclog the local inlets, harbors, swamps and rivers. The state appropriated funds to remove 118 derelicts this summer, up from only a handful last year.
In South Carolina, four government investigators started canvassing the state’s waterways in January. They quickly identified 150 likely derelicts.
“There are a lot more than we thought there would be,” said Lt. Robert McCullough of the state Department of Natural Resources. “There were a few boats that have always been there, and now all of a sudden they’ve added up and added up.”
In January, it became illegal in South Carolina to abandon a boat on a public waterway. Violators can be fined $5,000 and jailed for 30 days.
“We never needed a law before,” said Gary Santos, a Mount Pleasant councilman.
Not that having one is necessarily proving much of a deterrent. Mr. Santos took a spin on a friend’s motorboat the other day and saw a newly abandoned catamaran within seconds of leaving the dock.
It had been run aground at an awkward angle, a weathered “for sale” sign testament to the owner’s inability to get rid of it. Local watermen said the boat had abruptly appeared one day in February, and had not been touched in weeks.
“Boats are luxuries,” Mr. Santos said. “This isn’t a good moment for luxuries.”
South Carolina’s unemployment rate in February was 11 percent, the second-highest in the nation after Michigan. The online classified ad service Craigslist in Charleston, S.C., features dozens of boats for sale every day. “Wife’s employer is downsizing and we are forced to do the same,” read one post.
Mr. Santos, 50, grew up in this well-to-do community on the northern side of Charleston harbor. In his youth, he never saw an abandoned boat. As recently as a decade ago, they were no more than an occasional nuisance.
Now they are proliferating. Crab Bank, a protected bird rookery in the harbor within sight of Fort Sumter, is home to a dozen derelicts — two sunken, two beached, the other eight still afloat. They range from houseboats to a two-masted sailboat.
State officers have placed placards on each, warning that the vessels have been identified as abandoned. Thanks to a local ordinance sponsored by Mr. Santos, the Mount Pleasant police are also tagging the vessels. After 45 days, they will be removed and junked.
California is taking a more benign approach, with plans in the Legislature for a boater bailout of sorts. Under a law proposed by State Representative Ted Lieu, owners of marginally seaworthy vessels would be encouraged to surrender them to the state. If they abandoned the boat, the bill would double the fine to $1,000.
The legislature passed the bill last year, but Gov. Arnold Schwarzenegger returned it and many others unsigned during the state’s long struggle to settle on a budget. The measure has been reintroduced this year, and unanimously passed the assembly’s transportation committee last week and could become law as early as this summer.
Kevin Ketchum, general manager of California Yacht Marina, which operates six marinas in the state, predicted that the law “is going to be phenomenally popular. It will help honorable people who want to do the right thing but can’t afford it.”
The cost of the disposals would be paid by existing fees on boat owners. Mr. Lieu said that “in a perfect world” the fear of punishment would be enough to get people to stop abandoning boats.
“But to actually enforce that would take way more governmental resources than we have,” he said.
Quite simple really, he was a writer whose columns were followed closely by day traders and the momo crowd.
His columns would move markets jut like Cramer and many others.
IVAN caught the eye of traders and took off "to da moon" type of thing in 2003. Of course it got ahead of itself like so many stocks will do, fueled by the momo. (look at the 10 yr chart)
It has come off it's highs, looks like it formed a good bottom end of 2008, and perhaps now it is ready to perform as a real company, not as a story stock like 03.
The recent news, see below, is helping the share price.
All imo.
____________________________________________________________
Ivanhoe Energy's HTL technology partner, Ensyn, completes alliance for second-generation biomass technology with a world leader in refining processes 03/26 07:50 AM
CALGARY, March 26 /CNW/ - Robert Friedland, Executive Chairman, President and Chief Executive Officer, and Dr. Mike Silverman, Executive Vice President, Technology, of Ivanhoe Energy Inc. (IVAN:$1.37,00$0.09,007.03%) , today congratulated Ivanhoe's technology partner, Ensyn Corp, on its formation of a biomass technology joint venture, Envergent Technologies LLC, with UOP, a Honeywell company.
Envergent Technologies will offer Ensyn's commercially proven Rapid Thermal Processing (RTP(TM)) technology to convert second-generation biomass, such as forest and agricultural residuals, to pyrolysis oil for use in power and heating applications.
The joint venture also will accelerate research and development efforts to commercialize next-generation technology to upgrade the pyrolysis oil into transportation fuels, such as green gasoline, green diesel and green jet fuel.
Ensyn's RTP technology was proven and commercialized in the 1980s in the biomass sector and adapted in the late 1990s for heavy-oil upgrading. The rights to the RTP technology for all applications, except renewable resources, were acquired by Ivanhoe Energy (IVAN:$1.37,00$0.09,007.03%) in April 2005 and rebranded HTL(TM) for heavy-oil upgrading applications. Ensyn retained the rights to the RTP technology for the processing of renewable resources.
All improvements to the core RTP technology that are owned by Ensyn flow through to Ivanhoe Energy (IVAN:$1.37,00$0.09,007.03%) for HTL heavy-oil applications, on a cost-free basis.
"This alliance is a clear endorsement of the core RTP process of short reaction time thermal cracking for challenging feedstocks," said Dr. Silverman. "UOP is a global leader in refinery technologies. We welcome their recognition of the unique capabilities and strength of the RTP process, and we wish UOP and Ensyn well in their new venture."
UOP, of Des Plaines, Illinois, a recognized leader in refining process technology for nearly 100 years, is developing efficient ways for fuel producers to convert biofeedstocks into valuable fuels and chemicals.
The agreement between Ensyn and UOP does not affect Ivanhoe Energy's (IVAN:$1.37,00$0.09,007.03%) exclusive rights to apply the RTP technology in the petroleum sector.
For further information, please refer to the Honeywell announcement, which is available on the Honeywell website at www51.honeywell.com/honeywell.
<<
Ensyn Corporation
-----------------
Ensyn Corporation is a private company focused on the production of fuels
and natural chemicals from renewable resources. Ensyn operates seven
commercial biomass processing plants in the US and Canada, producing numerous
natural chemicals and energy products.
Ivanhoe Energy (IVAN:$1.37,00$0.09,007.03%)
--------------
>>
Ivanhoe Energy (IVAN:$1.37,00$0.09,007.03%) is an independent, international, heavy-oil development and production company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary, patented heavy-oil upgrading process. Core operations are in Canada, Ecuador, the United States and China, with business development opportunities worldwide. Ivanhoe Energy's (IVAN:$1.37,00$0.09,007.03%) shares trade on the NASDAQ Capital Market with the ticker symbol IVAN and on the Toronto Stock Exchange with the symbol IE.
Comments from jdsgungho after his visit to Deep Down in Houston, March 18, 2009
#msg-36416695
#msg-36417329
#msg-36418527
#msg-36418929 EW
#msg-36419230 "the plan"
#msg-36419637 EW, Sta-Sys
#msg-36424515 EW
#msg-36425233
#msg-36425737 "It is a major building block in what DDI does and will do."
#msg-36460471 "shareholder conferences, video conferences etc"
#msg-36462854 "and they said, it was time"
#msg-36460516 uplisting, reducing O/S
#msg-36466838 LARS, Proteus
#msg-36497663 Mako, ROVs
#msg-36501806 "circle of complete subsea services"
#msg-36502544 J-Plates
#msg-36502755 modulars, accounting and engineering
#msg-36503270 testing facility
#msg-36504188
#msg-36504505
#msg-36514209
blitz, I appreciate your work on these numbers for 2009.
I have been thinking about those one time charges and how nice those are to have behind us.
However..
Just so no one complains next year about a $2 million one time charge and how they were caught off guard by it, I will post this excerpt from a PR Dated Jan. 26 this year. Just a reminder, for the board's thoughtful consideration.
""Deep Down's primary opportunities are in the growing deepwater drilling and production services sector," commented Ronald E. Smith, Deep Down's president and chief executive officer. "To ensure our Company is prepared to meet demand, we have committed over $2 million to expand production and testing service capabilities. We have undertaken this expansion to advance Deep Down's strategy to become a leader within the deepwater buoyancy marketplace."
"So SEC reviews it, makes sure everything is kosher and we get our form effect, yes?"
That's my take on it, but with these things you never really know till it happens. That Form Effect could be on the Deep Down Doorstep Directly.. or not.
"Git er Done"
I had to look it up to be sure.
"This determination was in response to the SEC comment letter received February 26, 2009, in which the SEC stated that they require that we present the audited predecessor financial statements for Deep Down, Inc. for the period January 1, 2006 through November 20, 2006, in accordance with Rule 310(a) of Regulation S-B. Management will remediate this as soon as practicable by supplementing the amounts reported in Form 10-KSB for December 31, 2007 with the predecessor audited financial information for Deep Down from January 1, 2006 to November 20, 2006. See Item 1B. Unresolved Staff Comments, included in this report on Form 10-K for further information on the SEC response."
Item 1B follows..
"Item 1B. UNRESOLVED STAFF COMMENTS
On August 27, 2008, Deep Down received a letter from the SEC whereby the SEC requested additional information related to issues disclosed in our Form 10-KSB for the year ended December 31, 2007, filed April 1, 2008, regarding the following topics: corporate history, segment disclosures, critical accounting policies, non-GAAP presentation of financial information, predecessor financial statements and the Mako purchase disclosures. We responded to the SEC in a comment response letter dated October 7, 2008 filed as correspondence with the SEC with the information requested on all topics.
On December 4, 2008, Deep Down received a response letter from the SEC whereby the SEC requested additional information related to our response letter dated October 7, 2008. The SEC comments in the December 4 letter requested further clarification to our responses regarding the following topics: corporate history, segment disclosures, predecessor financial statements and the Mako purchase disclosures. We responded to the SEC in a comment response letter dated January 28, 2009 filed as correspondence with the SEC with the information requested on all topics.
On February 26, 2009, Deep Down received a response letter from the SEC stating that they require that we amend the Form 10-KSB for December 31, 2007 to present supplemental audited predecessor financial statements for Deep Down, Inc. for the period January 1, 2006 through November 20, 2006, in accordance with Rule 310(a) of Regulation S-B. There were no further questions regarding the other issues in our response dated January 28, 2009. We are working to complete the predecessor financial statements along with the additional disclosure items and footnotes that would be necessary to explain the predecessor statements and to appropriately disclose the predecessor operating results for Deep Down, Inc. for the noted accounting period. We anticipate completing the noted financial statements and required audit procedures shortly after this Form 10-K is filed. We replied to the SEC with this same information on March 11, 2009."
best guess
You ever walked down a street in a dangerous neighborhood and sensed danger? They call that street smarts.
Ever sat in a woods and knew a whitetail was approaching before you saw it?
How about going into the office and knew somebody was getting fired or just had been fired?
Ever looked a chart and knew which way a stock was probably going to go?
"For the fiscal year ended December 31, 2007"
I think this is the amended we have been waiting for as it was standing in the way of the PP shares becoming Effective.
All imho of course.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C., 20549
FORM 10-K/A
(Amendment No. 5 )
T ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2007
04/01/2009 10-K/A for Deep Down Inc
Amended 10-k
04/01/2009 EX-32.1 of 10-K/A for Deep Down Inc
04/01/2009 EX-31.2 of 10-K/A for Deep Down Inc
Parent Filing
04/01/2009 10-K/A for Deep Down Inc
Exhibits List-> | 1 | 2 | 3 | 4
04/01/2009 EX-32.2 of 10-K/A for Deep Down Inc
Parent Filing
04/01/2009 EX-31.1 of 10-K/A for Deep Down Inc
Looks like some new project is about to get underway.
the shop is clean and the crew are studying the drawings.
The tensioner up front is together now.
Good Morning and don't fall for any April 1 jokes today.
Thanks jk, that is easy to understand the way you put it.
I see fidelity calls them "Award of Stock Options"
A couple other sites call them insider buys lol
Like nasdaq.com
....... Last 3 Mo. Last12
Number of Insider Trades: 4 ..... 4
Number of Buys: ..... ....... 4 ..... 4
Number of Sells: ...............0...... 0
I am seeing what you mean about the differences between
the options for Parro, Marcell compared to the "stock granted" to the officers.
thanks
OK I will remove my post, my misunderstanding of this option thing messes up a certain accuracy goal I have set for myself in my posting.
Thanks locustsuc for the correction.
So on the options we are down to one final question.
Were these options "Awarded" (free),
or are they paid for with the employees money?
I see nothing in stocrates post that mentions "awards" do I?
It is never my intent to mislead, only to understand.
"However, OPTIONS authorized must be purchased from the company at the strike price set upon approval. So, options at $0.10 must be purchased, that is the employee PAYS out of his or her own pocket for the shares, at that strike price. Then in the future, the difference between the purchase price and the selling price is your (taxable) profit/(loss).
BrownWater, you are indeed a Man of character.
You are always very welcome here whether you own shares or not.
Please continue to share your thoughts here in the future.
Here is one example spec.
Quoted from link below.
_______________________________________________________________
Companies who are consistently needing bailouts and the sharecounts for these companies are indicative to how many, and the dilution continues as we see wave after wave of stock options being given out like candy........its like a constant sunami, and it doesn't matter how good or how bad a company is doing..........MSFT is in the process of laying people off, Gates is suppose to be in a retirement or semi retirement status...........but he is far from it..........how many billions are enough,,,,,,,,and these figures here just from the beginning of the year are into the millions..........but if you view the last 2 years of his selling its plain to see how he and many like him have obtained their wealth,,,,,,,,from shareholders. The sheep keep buying..........and this has nothing to do with jobs he is ending?
This is the Welfare Program Bill Gates is on: This is just 09
INSIDER TRANSACTIONS REPORTED - LAST TWO YEARS
Date Insider Shares Type Transaction Value*
11-Feb-09 LU QI
Officer 390,422 Direct Acquisition (Non Open Market) at $0 per share. N/A
9-Feb-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $19.37 per share. $19,370,000
9-Feb-09 LU QI
Officer 200 Direct Statement of Ownership N/A
6-Feb-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $19.68 per share. $39,360,000
5-Feb-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $18.84 per share. $37,680,000
4-Feb-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $18.82 per share. $37,640,000
3-Feb-09 GATES WILLIAM H III
Director 3,000,000 Direct Sale at $18.18 per share. $54,540,000
2-Feb-09 GATES WILLIAM H III
Director 4,000,000 Direct Sale at $17.82 - $18.05 per share. $71,740,0002
30-Jan-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $17.33 per share. $17,330,000
29-Jan-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $17.79 per share. $35,580,000
28-Jan-09 GATES WILLIAM H III
Director 3,000,000 Direct Sale at $18.03 per share
________________________________________________________________
end quote
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35624007
Yes, I know DPDW is no microsoft yet, but that is not the point of your question or my answer.
How many shares has Ron sold?
Good advice from the master himself.
no halts, regulatory or otherwise.
http://www.otcbb.com/dynamic/marketwatch/mwsubhome.stm
Drawing of the little critter from a patent application.
You can take the survey here on the board,
instructions are in this post..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36634836
And if you would like to discuss the results, just make a post.
I can see several conclusions that might be drawn from this unscientific survey, imho.
Does that help?
edit: btw, I have been giving some thought to another survey towards the end of this week. Suggestions for questions are welcome, PMs preferred.
5 questions max per survey
(multiple answers) or (yes, no) or (True, False) will work.
Board Survey this weekend, Responses.
Survey name: Have a Voice?
Survey header:
Since 3-16-09, the date of the 10-k filing,
with the Form 4 filings on 3-25-09,
many questions have been raised on the board about the company's
response or lack of responses. This unscientific survey attempts to understand if we investors do have a voice, if we have used that voice, and if that voice has been heard.
Questions:
1) Since 3-16-09 Have you contacted the company either by phone or e-mail?
Answer choices: Yes,No
2) Was your question (or comment) answered?
Answer choices: Yes,No,other
3) Was the question answered to your satisfaction?
Answer choices: Yes,No
4)Was the response something else?
Answer choices: (he couldn't disclose),(he said he would get back to me),(evasive),(other)
5) Do you feel your voice was heard?
Answer choices: Yes, No
Wow, that is quite an article, sure paints a nice picture for the deep drillers.
Looks like the deep drillers are the right sector at the right time.
I can't get there with either FF or IE
hence this conclusion: IE is junk!
Maybe it is just bad coding at the web page????
FF
Address Not Found
Firefox can't find the server at www.shequelouisville.com.
IE
The page you are looking for is currently unavailable. The Web site might be experiencing technical difficulties, or you may need to adjust your browser settings.
http://www.imageworldwide.com/info.aspx?view=Investor
jds and others, I didn't mean to exclude on-site visits in question #1
"Since 3-16-09 Have you contacted the company either by phone or e-mail?"
Anyone who contacted the company by any method (visits, carrier pigeon, or talking to an exec. at the stop light) are included.
SURVEY: Let me direct your attention to the header just above this Yellow post. You will see ~~> Surveys,<~~ click that and I invite you to take the unscientific survey called Have a Voice?
If you don't see Surveys click this link
http://investorshub.advfn.com/boards/board.aspx?board_id=7181
From what I can see ALL answers are completely anonymous.
btw surveys are subject to the site's TOU
Thanks again for doing your best
and sharing what you could see.
Edit: BrnWaterPilot, it's always the rocks just under the surface
that get ya.
The only ones who can help this stock is the company itself.
Results.
The good,
the bad,
and the ugly,
it all has room for discussion here.
I admit it took me a while, but in our defense,
most of us were caught up in the emotionalism
of the AIG bonuses and the GGrrrrrrrrr.....
factor at the time.
Bingo jlev! Give yourself a cookie for this post.
"the bonuses were paid in the summer, before oil and the dow's big drops and our lackluster 4Q."
Very correct and a great point.
Since you wrote this post, I have read comments such as the following..
"Take your big bonuses when the PPS is rising and the company is earning money, not losing money. "
"If you don't Deliver
Don't take the Bonus"
And other various comments about the bonuses being tied to performance.
They were tied to performance, but not tied to the stock price performance for the year as some had thought.
These bonuses were paid back on June 20, 2008 and just for the
record I want to post these facts here.
From the S-1/A filed on 08/26/2008:
(4) In June, 2008, in recognition of the successful completion of the acquisition of Flotation and the private placement of common stock, Messrs, Smith, Chamberlain and Butler were each awarded a cash performance bonus of $100,000 which was paid on June 20, 2008. These bonuses are not reflected on the table above since they occurred after December 31, 2007.
Hindsight is always 20/20, they did deliver on Flotation,
then ...
circumstances and the market took the helm.
I hope they saved the money to buy some shares on the open mkt.
:)
No actually it was found on a historical government document circa 2005 perhaps. page 37
Long before Flotation Tech was even part of Deep Down.
Ya, straight up would be kind of different.
http://tidesandcurrents.noaa.gov/publications/EnvironmentalFieldSevicesStatementofObjectives.pdf
In many parts of the world in order to get preference on local contracts, it is necessary to either have a company (or holding company) in country or to be represented by another company in country. Middle East is a good example, I am not sure about the countries in South America, Asia or the specific countries of Mexico and Cuba. Just something I considered when I read that paragraph.
I'm sure someone will ask Steve. Hope they share their findings
with the board.
This is a list of government sales made by Flotation Tech.
last year.
Amount Parent Company Name Major Agency Product or Service Date Program Source (Agency-Account) Program Source Description
$328,580 Flotation Technologies, Inc. Dept. of Defense Ship and marine equipment 2008-07-28 -
$56,220 Flotation Technologies, Inc. Dept. of Commerce Ship and marine equipment 2007-10-10 -
$23,241 Flotation Technologies, Inc. Dept. of Commerce Ship and marine equipment 2008-09-12 -
$7,686 Flotation Technologies, Inc. Dept. of Defense Ship and marine equipment 2008-08-11 -
$1,222 Flotation Technologies, Inc. Dept. of Commerce Rope, cable, chain, and fittings 2008-03-05 -
Exactly
Many times it can take between 5 and 15 days worth of trading volume to buy back all of the shares that are short. This powerful relationship between total number of shares short and average daily trading volume is called the "short interest ratio" or "days-to-cover". This is an indicator of upside potential in a stock and the higher this number, the more powerful the upside potential a stock has if a short covering should be triggered.
http://shortsqueeze.com/short_stock.php
This site always lays it out nicely.
I haven't had a chance to look it over yet.
http://www.secform4.com/insider-trading/1110607.htm
Non- Derivative
sec. c. i.
http://www.sec.gov/about/forms/form4data.pdf
It's a 'hands on' kind of post. Viewer participation, the lesson is retained better that way.