News Focus
News Focus
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SageWise

08/20/08 9:13 AM

#75773 RE: Darth Trader4 #75772

First "PR" in a while - thanks for posting it Darth Trader.

"The Company is now essentially debt free and has retired all
of its remaining preferred shares. Liquidity is strong with unrestricted cash
and equivalents of $4.1 million and a current ratio of 3.8. Our working capital
position is $10.8 million. Stockholders' equity has improved dramatically and is
now $52.9 million compared to $12.6 million on December 31, 2007. We remain
excited and optimistic about the prospects for continued revenue growth and a
return to profitability," commented Robert E. Chamberlain, Jr., Deep Down's
Chairman.
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1918forever

08/20/08 9:19 AM

#75776 RE: Darth Trader4 #75772

Maybe we can the S-1 being fully registered by end of week? Man, looks like things are really falling into place.

What a difference from a year ago.

With over $10M in working capital, DPDW could surely just go out and attain bank financing for its next purchase.


Keep your eye on the prize fellas. Remember "HANS" - 10,000 shares bought in early 2003 @ .50 ($5,000) are now worth $1.6MM.

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SIIX

08/20/08 9:33 AM

#75783 RE: Darth Trader4 #75772

Stockholders' equity has improved dramatically and is now $52.9 million compared to $12.6 million on December 31, 2007
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panzer6

08/20/08 10:59 AM

#75809 RE: Darth Trader4 #75772

Flotation Technologies was included for two months and accounted for
$1.5 million of the increase. ElectroWave was included for six months and
accounted for $0.9 million of the increase, but the six month period in 2007
included only three months revenue for ElectroWave since it was acquired in
April 2007.

Wait till we get a full quarter, getting better all the time.