Good point. You got to be careful who you believe on these message boards. For instance, some people use words like "always" as they disparage reverse splits. Check out ENCO, which did a reverse this February. Companies with poor financials that RS don't generally have good outcomes. But if the financials are healthy, it can serve it's purpose. That subsequent move on ENCO is paying a portion of our remodel. At some point DPDW will be healthy enough for a RS.
Pardon me if I X out my own info. This email was in response to a query of mine about the growing number of outstanding shares:
From: ebutler@deepdowninc.com
Subject: RE: IR question
Date: October 8, 2009 3:52:25 PM MDT
To: xx.x@comcast.net
X,
Our share count is disclosed every quarter in our SEC filing. I would not be selling shares to the market without notice to all shareholders so the answer is no and if that ever changes you will see a news release and probably an 8 K. I have no idea how many shares will be outstanding when we reach a billion dollar market cap. I will tell you we are thinking about a reverse split at some point so we don’t remain a penny stock and hopefully can get listed on an exchange. I can also tell you we will continue to make acquisitions and will have to issue some stock to the owners of the businesses or the market place to raise capital to make the acquisitions, but hopefully every acquisition will not be dilutive. I have not changed my position on revenues yet.
Gene
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