"The 5.5 mil in revenue from the bouyancy order with FT gets realized in Q3 and Q4"...stocks are often priced 6 months in advance. If not the case then buy more DPDW before the value gets realized.
All oil services stocks are taking it on the chin, crude's down from $147. Petrobras indicated that they were going to rein the spending so that they can focus on the Campos Basin, Dollar is slated to stabalize with hawkisk talk of interest rates going up soon, looks like the sector has rotated from energy/commodities into financials/tech/bio for a hopeful 2nd half rally.
Buy when there is blood in the streets...who said that again? ;)
rockitt, i respectfully disagree with your claim about recognition for the delba buoyancy LOIs. while the bulk of what's owed will come later, engineering costs will provide for some revenues early on, since this phase precedes production:
The letter of intent is subject to the negotiation of a final purchase order once engineering is completed. The Letters of Intent authorize expenditures for such engineering efforts.
and if the "begging" for news around here is getting you down, behold, i have a solution...
for the handful of posters on the board who feel management has abandoned you arbitrarily (and i think you know who you are), take heart. there is a specific reason we haven't had news in about 2 months.
The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, historically, a quiet period extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement "effective." During that period, the federal securities laws limited what information a company and related parties can release to the public.
okay! so the sky isn't falling, management hasn't suddenly decided to treat shareholders with disdain, and it's probably not likely that their business has slowed to a standstill either. i'll even go so far as to say once they *can* start communicating again, we *may* see them catch up by issuing more press than we would normally see in a given time frame.
so instead of staring at indicators on the chart, attempting to decipher a trend, this might be a good time for those who are worried to refocus on fundamentals. not long ago some of the biggest money on wall street bought $40M worth of DPDW. do you think these heavy hitters are sitting around feeling abandoned by management or IR? imo no. they understand what a quiet period is all about.
and so do the MMs who are robbing retail blind right now, as they load up some big boats.
but it isn't just a battle between the longs and the MMs shaking the tree. we have a third element in the market now -- new money that has seen the opportunity and is stepping in to buy this dip. congrats to all the new folks on the board. imo your timing is quite good. jmho.
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