A reply I just received from Steve Haag and below it my e-mail to him.Wasn't trying to bother him ,just curious if he could share anything.The mans good logic made me feel a little like an idiot- dahhhh! So please don't come down on me to hard guys. LOL sagedono
James: I believe Deep Down has never been in a stronger position than right now. Unfortunately, "news comes, when news comes." Companies who put out DAILY/WEEKLY press releases ad nauseum on the OTC usually are a red flag, IMO. This management has demonstrated its acumen in growing this company, for nearly two years - giving it triple-digit growth, accretive acquisitions, making it completely debt free, and ready to grow more. Orders on the magnitude of all last year's revenues have been recently received from just three orders (i.e. two 9 M and one 5.5 M orders.), and it's only July. Also, grading the lot just isn't something we'll bother the market with - LOL. Cameras also ensure transparency, and give a real-time glimpse of our operations. However, with a sales cycle of sometimes 18 months, I would not expect weekly order announcements. Again, the customer dictates the order schedule. If you will bear with me while I share my observations... Since it is obvious that the company is 1) growing, 2) debt free, 3) in the hottest industry on earth, and with 4) top-notch management, why would those who have spent so much time doing great due diligence, and learning every nuance of the company, become so disillusioned after several weeks of no press releases that they forget all they know about the company and begin to unnecessarily worry to the extent that they begin to sell at a loss? Remember, I am only discussing DPDW, not "typical" OTC companies. It would be different if this was a startup with no revenues, and a new product or idea, but we are established, and on track with our business plan - our explosive growth is testament to it. So, the price goes down a bit during the summer months, I am sure it will go back up. The cycle of life as it were. Some look at these dips as opportunity given the reality of DPDW. The company will never release press in the hopes of moving the stock price, which then is just traded, not invested into. That activity helps neither our investors or the company. We will continue to grow shareholder value the old fashioned way - shrewdly executing our business plan. FWIW, many investors write to me happy with the current situation, and our prospects for success. I am happy to relay that Deep Down is different. I hope you enjoy being one of our shareholders. Regards,
Steven M. Haag vice-president of investor relations
ir@deepdowninc.com
Deep Down, Inc. 15473 East Freeway Houston, Texas 77530
Office: 281.862.2201 Fax: 281.862.2522
www.deepdowninc.com
Subsea Service and Technology Innovative Deepwater Solutions
-------------------------------------------------------------------------------- From: james spikerman [mailto:donosage@yahoo.com] Sent: Friday, July 25, 2008 10:28 AM To: Steve Haag Subject: ?PR drought
Hi Steve, Just wondering why the lengthy PR drought? Is there anything you can share about this. With so much going on in the last month ( loads of production, yard grooming,new buildings etc.) and share volume and price dwindling, guess I'm getting anxious.I know there must be a reason and remain confident in how you and management are growing this fine company. Just curious if there is anything you can say?
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