Replies to post #61462 on Koil Energy Solutions Inc. (KLNG)

[locustsuc]

Based on the numbers in the PR and what the CEO of Flotec stated in 2007 about doubling revenue in 2008 and again in 2009 that will project to approximately $3M in net income for the remaining 3 quarters this year and over $9M in net income in 2009. That of course is if they meet the CEOs expectations (he projected $10.5 in May of 2007 for the year 2007 and they ended up with over $13M) and margins are similar to the past 12 months. I think margins could possibly improve since the totally relocated their facility in 2007 and added a lot of new equipment, people (more than doubled the workforce to 80), and procedures (MEP) to the mix. But then again you stated you do not have a position so you need not worry. I know I am not.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28639550

[uncleremus]

They might not be able to afford the finance charges but seeing they're going to net 13-15 million profit for 08, that risk is small unless the subsea market dries up later this year. The 15.5% interst rate on the Mako debt can be brought down I believe to 12.5% if no warrants are involved. On the new debt we'll know in a few weeks how it is packaged but I trust manageement to find the best deal out there for the company and close the deal.

[Trueheart]

It's pure speculation and conjecture when you say they "might not" be able to even cover the finance charges.

IMO, Deep Down would not have pursed FT nor would FT have entered into an agreement if the financing did not make sense. Think about that, pard.

Trueheart

[MossyOak]

HOUSTON, Jan. 24 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) today announced that it has hired Michael Teal to fill the position of corporate controller.

With his MBA/CPA credentials, Mr. Teal brings significant experience in mergers and acquisitions, business development, business valuations, investment analysis, strategic planning, debt financing, equity issues, bank lines, and financial planning. His background has primarily been in the energy industry encompassing refining, natural gas, power generation, oil and gas exploration, marine services, and risk management. Since 1984, Mr. Teal has held various corporate-level positions in accounting, treasury, and corporate finance functions with major energy companies, most notably Valero Energy Corporation, The Coastal Corporation, and El Paso Corporation. Recently, he has provided consultation services to major Houston and Dallas corporations, including a position as Senior Consultant with Sirius Solutions.

"Mr. Teal fills a critical vacancy on our management team as we continue to prepare and position ourselves for further growth through mergers and acquisitions and internal operations. We are very excited about the skills Mr. Teal brings to our team. He will be responsible for the coordination and integration of the accounting activities of each of Deep Down's current and future subsidiary operations. Mr. Teal also has relevant experience with the policies and procedures for compliance with regulations promulgated by Sarbanes-Oxley. Our goal is to reach full compliance during 2008," commented Robert E. Chamberlain, Jr., Deep Down's Chairman and Chief Acquisitions Officer (CAO).

I think we're in good hands here regarding the fair and profitable merger actions of the company!!

[tombrady12nh]

Rawnoc-don't you think they have the right people in place to address potential issues? Eugene Butler was the CEO and CFO of a 5 billion dollar company-I am sorry but I have to put you on ignore, IMO you are here for other reasons. bye bye.