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Tuesday, 05/13/2008 11:08:55 PM

Tuesday, May 13, 2008 11:08:55 PM

Post# of 107353
Email response from Steve Haag, Investor Relations Deep Down, Inc.

I sent an email with a few questions to Steve. Here are a few excerpts with his responses in bold.

the first question is related to the Matrix commission deal - not to be confused with the latest $5M flotation order -

Q-What is the status on the Matrix flotation/commission deal? Is it still on track for completion as originally planned or might some of the flotation be provided through Flotation Technologies?
Yes, that was a separate deal from Flotation technologies, nothing from Flotation Technologies is going to Matrix that I am aware of.

Q-With the entire sector on afterburners and chronic shortage of skilled labor, what is Deep Down doing to hire and retain additional skilled personnel?
Great question! Working for Ron Smith is a pleasure, that retains people better than anything. Just look at the people who are STILL working for Ron after all these years in business, and loving every minute of it. I have not personally seen any issue getting competent personnel, at any level, for Deep Down in the 18 months I have been involved with the company. Ron has a natural ability to manage and retain people - you just can't learn that skill in a school or a book.
my comment- I have additional confirmation of this in general from a couple sources. All indicators point toward support of this answer (and I am a natural skeptic).

I tried to gently squeeze a little shade of color on a topic I knew he could not speak to. He very gently deflected it with an answer that had both integrity and style, he turned it into a compliment. I won't give the question but here is his response -
No, you knew when you asked this would be a difficult one - LOL. But, I admire you asking anyway. This is the hardest part of my job.

I poke and prod for weakness sometimes, devour information when it is verifiable, and watch for body language when the conversation is too low to hear. I like what I see here, the future looks good.

I asked, and Steve said it was OK to post his response.
I'll add his disclaimer from his email as well.

These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to any investment in Deep Down, Inc. I respectfully refer you to Deep Down's filings with the United States Securities and Exchange Commission.







It seems a bit rough lately.


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