brik: imo that with the top management at deep down that they know exactly how they are going to pay for FT and most likely had it in place prior to signing the purchase agreement. mrmoe
Excellent DD brikk, i think you included way to many bullish things in that 1 post. LOL go back and m ake it into a couple.
Great to hear about the financing and how quickly it will be completed. Getting that into our financials as quick as possible would be huge for 2008 top and bottom line numbers.
Crazy to think about the growth rates involved with DPDW but i agree with your assumption that there could still be another, possibly bigger acquisition involved in 2008 that could take us to the AMEX.
Well if the Flotation deal wasn't the big splash what about a $40,000,000 private placement orchestrated through Dahlman Rose? I get the feeling that the "big splash" has yet to be unveiled. And in all likelihood the big splash will most likely be followed by a bigger splash and so on and so on. This company has come a long way in short time. We had 3 acquisitions and 3 private placements in about a year and a half. And each deal has been much bigger than the previous one. Can not wait until the next acquisition is brought to light. I have always liked the company, but Flotation really has taken this to another level.
Posted by: brikk Date: Friday, April 18, 2008 11:19:25 AM In reply to: uncleremus who wrote msg# 61123 Post # of 67643 i just got off the phone with robert chamberlain, and the takeaway for me is that this flotation technologies deal could close very quickly. unlike past acquisitions this is already a definitive agreement. imo it could close within a month or two, and we could see revenues recognized in short order.
also of note, the PR mentioned revenues for FT of 17.27M adjusted for a gain on real estate assets. from what i gather, this means the number would actually be higher if they were included. excluding some one-time charges, as well as those gains, 17.27M is our baseline for FT.
i asked about the terms of the deal, and they will pay cash, but this will probably be generated by a combo of debt and equity. they don't want to be overly leveraged.
my next question was if matrix asia pacific is still in the picture. rather than getting a commission on sales through them, DPDW would rather go after the entire pie, so matrix is now considered a competitor. RC said deep down views the world to be their market.
i asked if this particular deal is the "big splash" that RC has referred to in the past for an amex uplisting. without going into specifics, he communicated that they have bigger plans down the road in keeping with that strategy.
i view this as very bullish. it suggests to me that while FT is a major milestone for us as shareholders, and it's going to happen in the near term, as far as management is concerned they want to go above and beyond this deal before they do an uplisting.
given the time frame for the FT deal, i'm willing to speculate we could see continued growth via acquisition during 2008 that could very well take us to the amex. this is just my own theory, based on today's conversation, but if so -- imagine that. we're still in the early innings here. jmho.
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