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Friday, August 16, 2019 12:21:59 PM
link back - my earlier post
Quote:
I think everyone can agree that the only way forward is to find a buyer and they will push hard this year do so.
Nope, the most likely path forward in reality is continuation of the same inability to make a profit
Remember this, Ron didn't just lose money in the tough years
He lost money in the biggest boom years for offshore drilling ever! And he lost money in EVERY ONE OF THE OTHER YEARS TOO!
The one blip of positive earnings for a year was only the result of accounting for a HUGE loss one year and getting a partial "refund" on the loss in the next reporting period
Here's my take on what's happening now
Ron is winding it down, ready to exit and enjoy the $millions he has sucked out of DDI and doesn't give a shit about you, me, or any other shareholder
The only reason for shutting down slowly is to not be so obvious and to continue to take home his ABSURD paycheck as long as possible
spec
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