brikk,
Having watched this board since investing (LTBH)thank you very much, in early April you have been a very staunch defender of DDI. I do respect that. I also know that you are big on accuracy, and know much of DDI and the market in general.
Your reply to Richierich seems to be innaccurate when you reference the purchase price of FT at 22M. I think it is closer to 25M but who is counting. hehe.
From the 8K:
"The total consideration paid for the equity is $22,100,000 cash, 1,714,286 shares of common stock and 600,000 incentive common stock purchase options issued to employees of Flotation Technologies with an exercise price of $1.15 per share. In addition warrants to purchase 200,000 common shares at $0.70 per share were issued to the affiliated entity for acquisition of the related technology."
I used a share price of 1.18 for calculating the consideration in stock paid for FT.........
Methinks total consideration to be in the ball park of 24,950,000 for FT. A fine acquisition all the same.
I have nibbled away a fair position in this stock and I do appreciate all who contribute to the board with their knowledge of the company, industry, the market sense.
One thing that has bothered me since taking a position here is the amount of insider ownership. IMO Chamberlin and Smith owning
in excess of 45,000,000 shares is outlandish at best.
Concentrated ownership in this small of a company , how should I say it, is not healthy.
Equity freely given away has been the achilles heel of many small companies, I just don't want that here. Smith has some sweat equity due IMO, but the Acquisition Officer (geeez)I think not.
Brikk, or any other of the longs here please shoot this post full of holes and show me where having 43% of the OS in 3 persons hands is a good thing. Thanks.........
Deep Down will ROCK!!!
rockitt
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