You're correct in your thinking that BOD members are compensated for their work in the corporate world.
The former ownership and management was corrupt and artfully reconstructed the company such that they could loot it over the years, and the shareholders were unable to stop or amend their actions.
I hope the new management will run Deep Down as a public company that is responsible to the shareholders. The last reverse split cut my shares to the point that what occurs here won't mean a hill of beans.
Today's oil prices are low because oil is abundant and can be recovered rather cheaply. I don't see that situation changing for some time.
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