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Wow. Takes very little volume to move this up significantly. Hope this is the early beginnings of a very long uptrend.
That would be great. I am going to hold onto all of my shares for the long haul however long that is?
I suspect some will try and flip these along the way. Considering how fast I think this can and will move I am just going to hold onto my shares for the long haul and hope for the best.
Are we so far away from possible distribution that folks are not buying? On the fence deciding whether to buy more.
For all intent purposes it does not trade. We were left high and dry. Lesson learned, move on.
Have a buy order in at .22. Just picked up a small partial fill of 200 shares at .21 Keep em coming.
Does anyone know what is the order that the CT's get paid? Which one gets paid first, second, etc. Thanks in advance.
Can't place orders online with TD Ameritrade. Have to call it in. Sigh.
and that's taking into account that you have to call in to TD Ameritrade to place the trade.
Do Capital Trust Preferred Shares get paid before the other Preferred shares? Does anyone know what is the order of priority for all these Preferred shares? Thanks in advance.
So why are you on a pk board then?
So why are you on a pk board then?
I wonder how the "financials" are coming along. Must be just about done right? Sarcasm.
"Flotation is where it's at "
That is one of the reasons that I am very bullish on DPDW. If they are smart enough to purchase Flotation they are smart enough to make other great decisions.
IMO,The terms of the pp is not the critical item here. I believe that this was the best that could be done based on where DPDW is in their growth and the current credit availability. I'm confident that the DPDW leadership including Butler is more adept at putting together a pp than the naysayers on this board.
The most important thing here is the entity that was purchased. If they had not purchased a cutting edge company in a hot sector like Flotation than the criticism would be justified.
People should be thrilled with this deal as the penalty is nothing more than a speed bump. I wonder how much revenue Flotation will be bringing in within a year or two and how many other doors will open up for DPDW from this purchase.
Myself, I'm keeping my focus on the big picture! GLTA longs
"Their job is to grow the company, your job is to gauge that growth and invest accordingly."
Well said!
For those that are questioning if they have to pay the fee why don't you just assume they have to and trade accordingly. This is not going to make or break DPDW imo.
Two of the most important things to look for in a long term investment.
1. Sector
2. Management
So, if you believe in both DPDW becomes a relatively easy investment to make with significant upside potential considering we have located this in its early stages.
I think most would agree this is an excellent sector to be in.
So that leaves Management. They have shown over & over to come through with the right decisions such as the Flotation acquisition, erasing debt, expanding the Mako biz etc. They have a master plan and are not just randomly making decisions. What would make anyone think they will start making the wrong business decisions? Is the DPDW leadership going to wake up one day & become stupid? Of course not. The same savvy management team gets up everyday and will continue to execute their plan just as they did yesterday and the day before and the day....... All imo
GLTA Longs
Good to be invested in a basically debt free DPDW in times like these.
How many people actually buy at the very bottom and sell at the very top? I am just thrilled that I have had the opportunity to purchase shares of this company before most even know about it.
Every purchase that Warren Buffet makes does not just go straight up. I don't see him dumping his positions when they go down. No, he holds because he is confident about his purchases based on his DD and knows that the underlying fundamentals will ultimately translate into a higher sp. Same thing will happen here imo.
Trueheart, so any business where people are not in on a Saturday means they are in trouble? I think not.
This company is making all the right moves. With everything they are building up in their pipeline, whether it be Sta Sys, the increase in ROV's for Mako or the hiring by Flotec to increase their presence in Europe. All three of these things done all very recently. No one saw the Sta Sys thing coming so we know they are working behind the scenes and I am very confident other pleasant surprises will be coming. Eventually, all of the things they are doing will come together and this will take off and never come back to these levels. Some will then say wow, this all happened overnight but in reality they are doing the necessary things today to become an "overnight" sensation.
Printing Press must be back from the repair shop, refurbished and ready to go. lol
So what is Mr. Conrad doing day to day? Is he working every day as the pres of Sigma? Is this on the shelf and he is getting up and going to work somewhere else every day? Is he living off of shares sold here and just hanging out at home watching tv?
No pr in what 7 months?
"Everything comes gradually and at its appointed hour" Ovid
How quickly some seem to forget how young a company this is and how much they have accomplished in such a short amount of time. Don't the naysayers know how to read an I-Box?
"i am not bashing the company"
Sure you are. That post was filled with innuendo. Funny how some people out of the blue like to visit when the sp is down.
So was the Deep Down website down at all this weekend per their statement on the website which says "Due to infrastructure upgrades our website will be down from 10-3-2008 to 10-6-2008."
The website appears to be up and running. I'm looking around for any changes. Does anyone know of any changes to it?
http://www.deepdowninc.com/
I assume that this is a painful day for many here but I've been buying today. GLTA longs.
I agree, send it. Well written, can't hurt.
Thanks for the info stocrates!
Check back in a couple of months??
While I hope I am wrong I do have my doubts that he is doing anything to get things squared away so this can trade again.
DERBENSKI,
So your first post here on this board is supposed to be proof you're not short here? That's a good one.
While I can't wait to see additional big contracts and revenue get added to our bottom line from FT I am even more excited about what we don't know about yet. Management has proven that they are always a couple of steps ahead of what we are talking about here on I-Hub.
Ok, so these sophisticated investors invested in the company and received their preferred shares which totaled 17,810,000 of preferreds. Then two weeks later they all realized what a terrible mistake they made and what asked for a refund? Is there some sort of buyer's remorse grace period I am not aware of.
How'd they get their initial investment back? Doesen't make sense to me.
There was an amendment filed on July 30, 2008 for the issuance of $25MM preferred shares.
http://www.sunbiz.org/pdf/33733520.pdf
Then there was an amendment filed on August 15, 2008 for the A/S to be 510MM with 10MM of those being preferred.
http://www.sunbiz.org/pdf/34416719.pdf
The filing on July 30th had an effective date of July 30th so all of those shares had voting rights and a majority (I assume all of them) would have voted for the filing on August 15th right?
The entities that received the preferred shares on July 15th did not get them for free and I assume they have taken a calculated risk in investing in this company and are anticipating to convert down the road for a nice profit. One of those entities is "The Rubin Family Irrevocable Stock Trust" so I don't see how Rubin is out of the picture.
So are there now the 25MM preferred from the July 30 filing and an additional 10MM available from the August 15th filing?
I suppose the lack of communication for several months at a time should have been a red flag to me as that in and of itself shows a lack of regard for the shareholders.
Hoping for the best here but hope is not a good strategy.
"They are going public to access capital markets".
Yes, isn't that great as it gives me an opportunity to invest in this company that I would not have access to otherwise.
Rubin's record speaks for itself and that's good enough for me now amongst some other reasons why I like what is happening here. Don't find to many people down here with Rubin's proven success imo.
It does not mean that it is a VERY strong indicator of financial difficulty. It may have nothing to do with their finances. It could be a lease agreement for a 10K copier that does not work with a 1K residual.
What does Jim Palmer trucking have to do with this? Companies get sued everyday and most of them are over small potatoes and don't rise to your example. Yea, the titanic sunk to but that does not mean that I won't get on a boat.
Anyway, I think it's worth noting as Rain has put it in the I-Box and once someone gets their hands on it we'll know.
As far as pennyland is concerned there is risk in all of em. I like what I've seen so far so I'm not going anywhere based on an alleged breach of a commercial contract, especially with the compelling story here.
"nothing has come of it."
Yea for the common shareholders, for him who knows.
1. No from a contractual standpoint but yes from a practical one. Better to resolve without litigation.
2. Yes. They probably still have the equipment because GE would want to settle for a reasonable amount instead of take it back. Maybe they went out and got replacement equipment if this stuff was not working.
3. Over one simple breach of contract lawsuit that's probably over peanuts? No and your comment about credit even being available is spreading FUD imo.
4. Yes. It's just one contract. Really, so what. This is very small stuff in the big picture imo.
"Everything comes gradually and at its appointed hour" Ovid
Typically, the end user also stops making payment to the finance company. Happens everyday. Just another day in business. Really, Derb nothing to see here time to move along. You're reaching.
GE Capital is a finance company, putting up the money for equipment that is then leased to the end user. Most likely there is a dispute over the equipment and this is a simple contract dispute which will be settled. The fact that the finance company is GE Capital is no big deal and if anything you could argue that Metiscan has strong enough credit to be approved by GE Capital and not some two bit finance company whose rates would be much higher than a finance behemoth such as GE who can borrow money cheaper than most.