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BOD exploring strategic options? that's a joke, right?

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spec machine   Wednesday, 08/01/18 11:39:36 AM
Re: None
Post # of 107310 
BOD exploring strategic options? that's a joke, right?

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

- Foglifter -

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