Wednesday, August 01, 2018 11:39:36 AM
the only good strategic option that I can think of for Deep Down Inc has expired long ago
that would have been - Control the uncontrollable spending on foolish and frivolous things, millions of dollars have been squandered
plainly obvious to anyone who was paying attention when clues to the "petting zoo" fiasco were leaked by one of their "sales managers"
a quick read of the employment contracts - outrageous base salaries, "gross up" payments to cover ALL taxes on the pay, executive perks from a company LOSING money every year, and the KILLER of any possible sale of the company .....
.... The Golden Parachutes for all of the so called executives in the event of a CHANGE IN CONTROL
DPDW doesn't have the cash for the required payments
Strategic Options??? Total BS !!
COB/CFO bailed out a few months ago and SOLD EVERY SHARE HE OWNED for a reason, the message he sent by doing so was very clear
it must really suck to be IR for a company like this
This last 8-K and PR is nothing more than a fluff pump to prop up the stock while "certain individuals" unload their soon-to-be-worthless stock
absolutely NO OTHER REASON to announce it
only my opinion
spec
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