It is NOT free trading. That has been discussed numerous times. It is restricted stocks, and EACH persont aht gets it shall have to get it unrestricted at their own expense.

And although it has been said that it costs nothing, I know for a fact that Etrade charges $150 or $300 (depending on some circumstances) to clear title on restricted stocks. regardless of whather they are worth $100 or $100,000.

So each of us shall have an additional expense to get these shares cleared. And I know others will dispute this with me, but instead of saying you know, call your broker. PLus one other possible fee. For many restricted stocks, the TA will not release the legend until their is an opinion writtens aying they are clear. SOmetimes that costs extra money too. NOt always, but sometimes. I Wouldn't doubt that it could with ORRV.

The shares are restrited, you can sell after you clear them, and you need to hold for a year before that can happen. I hope that helps.

On the positive side, GOOD support today at 2.5 cents. Lots of shares trading there, but it is holding firm on the bid.

(that is 0.5 cents pre split, so still pretty low, but at least there is a floor hopefully being put in at this time. Hopefully)

I wish I was up and running at the open. Even though I was a seller yesterday and the day before (And posted it here both days) I would have bought back in at 2 cents this morning. I should have had my order in. But oh well.

I made money on the trade I did in the last week. And for those that scratched their head over my selling yesterday, before the dividend, I sold at 4 cents. I could buy those shares back today at 2.6 cents. So it was worth it to me.

And if I miss the dividend on those shares, and ORRV goes to $5 per share, then I'll rejoice for the shares I DID keep, and rejoice with those of you that make money. I don't worry if someone else makes money. It is all good when someone (Anyone)does.

They work for about 2 weeks, and then go back into port to get new supplies, refresh, and take a break.

Which I am fine with. It keeps them fresh and focused. PLus they need time off, just like all of us get.

I just don't want to see a PR saying the weekend is over. Now when they are just in port. When they leave for the season or arrive for the season it is fine, but after every break? Seems a waste (And stupid to me).

Can you imagine if a company made a PR announcement every Monday that said "The workers are coming back to work today". After all, they had been off over the weekend, and Monday they were back on the job again. Sounds stupid, doesn't it? Is it worth "announcing" that the weekend is over, and the team is back on the job? Of course not.

Yet, you are excited about the fact that Deep Blue just announced a PR today that says the Tracy is back on the site and working for the next 2 weeks? I think that's a stretch Max.

Wilf. I agree with the PR that said they were back on site when they left Florida and arrived in the DR. But, every time they come to port for a break (Their equivelant of a weekend) and then leave again to get back to the site you are going to release a PR?

Give us a PR telling us how many artifacts you have, and what they are. How many coins are on board. How the silver ones from last YEAR are coming along. Do you have pics of those in cleaned condition? That is a PR worth puttig out. NOt that the workers are back from their scheduled break and are back on the site. You can POST that if you want, on GB as a poster, to update the investors as to what is happening. I think that is appropriate and even GOOD. But a PR? It makes it seem, to me at least, like you are hyping the stock to get some movement and can sell some shares. I ask myself "Is it time for Wilf to have to sell some shares to pay payroll?" And then I see the stock down 30% on the open. Which REALLY makes me worry.

Yeah, your posts of late have been open and more honest. And I am appreciative of that. But things like what I consider to be this lame PR saying hte boat left the dock and then seeing the stock down 30% makes me worry. And I'm letting you know, so hopefully you don't do PRs like this one EVERY time the boat leaves the dock after a break.

NO one else announces that the workers are back to work after the weekend. How does it make sense for DPBE to make that annoncement in a PR? I hope you see my point.

(Working to make DPBE more credible and a better company for us all. Through kibbitzing - the giving of decent advise, but advise that is not asked for, nor probably appreciated. LOL)

yardboy,

There's a second way too.

<<IMO, to get the depth you described yesterday, one would need L3 abilities. I would almost bet the barn you aint got it. LOL >>

Bet the barn. Because I don't have it. Not for DPBE. Only Wilf would be able to get it for DPBE. It is internal to the upper managment of that firm, and an agreement between the MM and the CEO normally.

Anyway, I don't disagree with you. I just was pointing out the limitations of Level II.

The second way to know it though is that "I" had those orders placed through Etrade at those levels. SO I knew those orders were there. And that yesterday we were not going ot get to 5 cents. My only point was that it is impossible to see those orders for the normal person. For the exact reason that you agree to. They don't show unless you are on level III. (I had level III once, by the way. But only for one stock. I've also been involved in another company where I didn't have level III, but I had access to it through a buddy. But I digress...)

Today also will have a wall to cross, even though you can't see it. (yet)

Call me a fool, but I've been trying to lighten up on some of what I bought last week. After all, I bought right after the news and got in at an average of about 2.98 cents per share. Selling at 4 cents is a pretty good gain in less than a week. I know I should hold for the dividend, and I AM holding "some" shares, (I bought a fair amount over a two day period. I'm not a "-B" player in this stock, but I made a dent during those two days) but I am a little worried of a sell off after the dividend is paid. So I"m lightening up some (And shall do a little more today, since some of those orders did not fill yesterday) and shall play both sides.

remember this: You nver go broke taking a profit.

So although I might not hit the jackpot, I'm good with selling some at 4 cents or so.

OKay, enough on my trading strategy. I know from your posts you don't need to hear it. You have your own. But be careful when you look at level II, as we both know its limits. It just doesn't pain the whole picture.

Good luck to you on your trades.

But you only see the lowest entry for each MM. FOr instance ... Etrade is at .041. But, they also have a sale in for .043. YOu can't see that though. Becaweu it only shows the lowest, which is 0.041. So, if you look at the level II back up, you don't see what is truly there. Etrasde also has another order at 0.045. Again - it does not show.

That is the limitation on level II. And my point is that you can not see it, so you can't assume that htere is not a lot betwen 4 and 5 cents. And for that matter, you don't know how mUCH is at each of htese levels.

Can you see that Etrade has 100,000 at 4.1 cents? AND 100,000 at 4.3 cents? AND 100,000 at 4.5 cents? that is enough to block us from getting ot 5 cents probably today. And it might block us period, unless those orders are pulled.

I'm jus tshowing that although you can see some on level II, it is incomplete, and doens't show reality.

Now ... to see if we can FILL all those orders at 4.1, 4.3 and 4.5 cents, bust through, and go to 5 cents.

A wall at 5 cents?

<<Looks like small wall @ .05 however we will bust thru ...IMO. Watch >>

We gotta GET to 5 first. LOL. That wall starts a lot lower than five cents. FOr instance ... how many shares are for sale at 4.3 and 4.5 cents? Can you truly tell?

(The answer might surprise you, but give it a shot and let me know what you see at those levels)

Granted, I hope we SEE 5 cents, but I think you are reading the level II wrong for sales before 5 cents.

RM,

yes, shares of DPBE.

Personally, I bought shares two days ago, right after the announcement of the dividend. I knew it would cause a rise in stock price, so I bought in. I bought all the shares I could at 2.5, 2.6, 2.7 and 3.0 cents per share. now, two days later I am up as much as 40% in those shares, so it has worked.

However ... I still personally do not trust Wilf. I don't trust his flexibility in my eyes of SEC rules, and all the other things going on with the company. the things I perceive as lies, and the things I perceive as breaking SEC rules. MY opinion of how "I" interpret those rules. So, I'm nervous that at any time the other shoe could drop and the price could evaporate. So I don't want to be a long term owner of DPBE. I bought for the news, and shall sell in the near future, hopefully still at a nice profit.

So, I bought shares. It has continued up, and I am up nicely. I"ll (probably) sell them of on June 4th ... or so. Might hold a "little" longer, as the momentum is moving still towards a positive rise. ANyway, I'll sell "soon". Then, I'll make my (whatever it turns out to be at that time). And - in ADDITION to that nice profit, I'll STILL own the ORRV shares. If they go to zero, it doesn't MATTER to me. I made 40% on DPBE for a short term play. If they go UP though, then that is all extra. I can't sell the ORRV shares yet, but when i can we'll see what the value is.

So I'm saying i shall sell DPBE soon, based on my OWN personal opinion that Wilf has done some things wrong that make me not want to be the bagholder if they come back to bite the company (The jackhammer issue just being one of them!) and i"Ll make hopefully a profit again trding the company.

And if DPBE goes up to $1 after I sell? I'll be happy for the longs that still own it. I'm not greedy, nor do I wish to make all the profits in a stock. Just my own. So if it goes up, I'll be okay with that. I'll have what i wanted, and move on.

That's the selling that some of us were talking about on or after June 3rd.

Hope that helps.

SKipper,

<<Can anyone tell me if Deep Blue sells all it's assets to ORRV what will they have have left but a shell corp? Also these new shares of ORRV are they restricted or can I sell after they hit my account? THANK YOU >>

If any company sells all their assets (IN general) then yes all that is left is a shell. But DPBE only sold half (or so) of their assets at this time. Yoiur question though, yes it would be a shell if they did in the future.

As for restricted stock, that is to protect the shreholders of ORRV from a mass exodus in one day. Even though all the shares will be eligible for 144 selling on the same day, they will not all get their approval the same day, so it will stagger any sales. PLus they are hoping within 6 months to gain some loyal followers. So that is why they re restricted (IMHO). It is not all bad though. As long as they don't go sub penny. And no one knows what they will do over the next 6 months.

That's an FYI to you on your question.

RM,

IMHO - Yes.

That is what normally falls under that catagory and that is the normal reason for one to happen.

But it is a log shot against a company with no assets, as the attornies like to get large cash settlements with firms and then they take most of the cash. DPBE doesn't hvae much in the way of assets, so I don't know if anyone would take it.

YOu can heck though if you 'd like. Google for them.

Now the disclaimer.

This email contains just my thoughts on an email asking me a question. Should you do it? Tht is not discussed. Would I do it. that is not discussed. Woulkd it work. tht is not discussed. Just the plaion question of whether or not the type of action described would under normal circumstances be the type of actions to cause one. Did this company mislead ... tht is not discussed. Just answering the question as to how a procedure works.

Thanks RM.

It's always good to have more information. And you supplied more than we had before. So I trust your reply.

<<If you have been playing pennies for the last 25 years...
why on earth didnt you get in more on this one yesterday?
tommer >>

Yes, I agree. Yesterday was the day to get in. And it ws a PR, so it was public info that it was a good time to get in.

Which is why i DID. And happy about it so far.

I bought a fair amount of shares yesterday, and shall hold them over the weekend. Then see what happens next week.

SOmetimes you get lucky.

<<Is the whole company at fault for Wilf breaking sanctuary laws? Or is this a personal matter and only Wilf pays the consequences? What will happen?
>>

Personal opinion.

If (And that truly is an if) Wilf went overboard with a jackhammer, then the COMPANY will be fined. WIlf might too, but most of the time it is the permit holder and the entity doing the work that gets fined, not the individual employee that did the act, even if that employee is also the owner.

SO, my OPINION Is that Wilf will NOT go to jail over that. (Whew for Wilf). But if it is proven then the company will be fined. And could even have their permits for future work rejected. I don't know if it could affect the WK permit, as that is now in the hands of another firm.

I'll be one of the ones looking to sell about June 3rd. ALthough actually it will be June 2nd, on MOnday. the dividend is as of June 3, but that means it goes 'ex" 3 days prior. today is the last day to get the dividend. If you buy today then you 'settle" on June 3, and get the dividend. Tomorrow I tink people wills till be buying, so Monday is the day I am looking at potentialy selling.

I bought just yesterday, early on the news, at 2.5 - 3.0 cents. Looking GOOD so far (And Iposted that I was buying, AT that time, so no this is not an after the fact statemnt that "yeah, I bought low") But I'm still in it short term, due to my fears of mismanagment moves that could come back to haunt us. Just my OWN opinion, and my OWN investment strategy on this stock, but I can still share that, can't I? ???

I like the action so far though. Up a few grand in a day.

YOu will get 1 share of ORRV for each share of DPBE that you own on June 3rd (Meaning bought or not sold before tomorrow) So you shall own 2 total shares next week instead of 1.

I'm buying again.

Just placed an order. I have ssaid that i buy SHORT TERM when it looks like a run could happen. I'm buying based on the thought that the stock shall go ex dividend later this week. I'll get the dividend, since my buy today shall settle on June 2nd. I'll hold (A few days), get the dividend, see what other news Wilf has coming out (Since he has had two in one week) and then probably sell off. That will get me my money back, but I'll still own the dividend stock.

If that goes to zero, I'm out nothing. But if that goes up some, or even stays at 1 cent per share, I'm good, as I got it for a 3 cents purchase of DPBE.

So I'm picking up a few shares. Some already show, and yeah that little buy plus somenoe else moved the stock up some. Some I hope to buy later today. Before the ex date for the dividend.

Wish me luck. I'm probably going to NEED it. LOL.

<<Why is the company going to spend its money suing everyone that has a negative opinion?>>

I don't think they are going to sue everyone who has a negative opinion. I htink they are only suing Ed.
has anyone heard anything different??

Who is "Fubar" and what is Wilf talking about?

Max, where did you pick up that post, and what is it talking about??

I was told by someone that the advertisement is free because of something Wilf did to help her out.

If that is true (And I have no reason to doubt. Just don't kow for sure) that at least helps. I'd rather we spent our time finding treasure, or generating revenue (from execs, from lakes in AZ, or whatever) than advertising the contest, but if it is free that at least makes it better than if we paid for it.

DPBE finds TREASURE!!

Finally. I see the news. Woohoo.

Deep Blue finds TREASURE!!!!!

Wilf Rocks.

Here it is.

<<Deep Blue Marine Finds Hidden Treasure at INDY 500>>

Oh, wait a minute. This news actually COSTS us money to be on some gal's helmet at the Indy race. It doesn't even get us exposure to incresae our revenue base. It only increases the contesdt site.

Most people advertise so that people come to their store, their site, or whatever. And when those people come it brings revenues and profgits to that company. YOu spend money to make money. In our case? We are spending the money (I"m assuming it is not free!) and yet it doesn't bring us even the slightest potential of revenue. )

Wilf? So why spend the money? Aren't you the same guy that posted a month or so ago that we were broke and dind't have enough cash to fill the Tracy with gas to get to our site? SO why spend money on advertising a contest that brings us zero return?

Please explain what the goal is here. thanks.




My bad. Sorry. No treasure. Just another expense being announced. NO revenue, no income. NOt even something htat will generate future revenue. Bummer

Surely I'm not getting chastised for DEFENDING WIlf, am I?

LOL.

Just seems odd. I'm on the positive side for once and getting flack for it.

A first for everything.

I think today's road trip is to go to a wedding up north. So not paid for by DPBE.

Some trips, like him and his family diving in the DR, I tend to agree that in some ways it saounds like a vacation for the family on investor dollars, and all he has to do is tell us about his exciting tip to make us feel we got our money's worth. But this trip is personal I think. So he's off the clock for this one (I HOPE!!)

up?

<<The share price has went up some after the reverse split. Number of shares trading I'm sure has stayed the same>>

I looked, and the LOWEST this stock has EVER traded was at $0.0045. that was a trade done at the bid when we were at our worst. The bid that day was $0.0045 and the ask was $0.0055. Most trades were at $.005 or better but we DID trade at $0.0045.

But, since the reverse was 1 for 5, take that worst trade EVER and multiply it by 5. That comes to $.0225. That means the worst price EVER traded on the stock pre reverse split would show as $0.0225 now. And the bid is currently at $.02.
PLus it just TRADED there.

Dude, that means that currently we are 10% lower than the ABOSULTE WORST EVER TRADE made by DPBE pre split.

I can't see how you can say the stock has went (sic) up some since the reverse.

Please explain. Thanks.

The ask on our "dividend" is now down to 11 cents.

One more sale and we shall be in the single digits on that one too.

Sad. It was 60 cents on Tuesday.

The ask on our "dividend" is now down to 11 cents.

One more sale and we shall be in the single digits on that one too.

Sad. It was 60 cents on Tuesday.

I see the bid on ORRV has gone from 25 cents to 10 cents with one sale. Another ouch.

That dividend might end up being not worth as much as we hoped, if it will drop like that. It's gone form 60 cents yesterday to a bid of 10 cents today. NOt a good 24 hours.

MAX,

<<I'm in no hurry for my shares. They will be restricted for year per rule 144>>

Rule 144 changed recently. You have to hold them for 6 months now.

FYI.

(And it will allow some to sell after six months and get out FIRST, while others "think" that they have to hold for another 6 months.)

Actually Ed, no it doesn't.

If (And we never know, since most of the records are not open to the public) DPBE recieved shares of ORRV and did NOT give them out to shareholders as a divdend, then we lose nothing. It means that DPBE has diversified from a copany with two sites (And the ability to work only one anyway) to a company with one site and shares in a company that is working a second site. iT would be an asset on the books of DPBE and show some value for the balance sheet.

In fact - and I know this is going against what most want ... I thik it would be GOOD if DPBE KEPT those shares and did NOT give the divedend. :-O

WHy?

Because if they give the dividend out, then all the little shareholders that own it will have the ability on the same day to SELL it. And many WILL. They will hold (Or sell) DPBE, but consider this stock one they did not invest in, and if it started to drop quickly after the restrictions were lifted (And I expect it WOULD. It doesn't take many shares to drop it. It's traded 400 shares so far today, and dropped from 60 cents to 26 cents) I think there would be a fight to get to the door. The stock would drop CONSIDERABLY and the value to the shareholders of this dividend would be lessened.

But if DPBE keeps the shares, they show an asset on the books that is much more than the total previous net worth of DPBE. IT makes the company look good. And when the restriction is lifted, DPBE could sell when they want. NOt all at once, or in a hurry. They could even sell ZERO shares (Which is imposssible to happen if it is given in a dividend. "Someone" will sell, and then more would sell, and then the last one out WILL be the loser.) and hold the value on the books.

SO, protecting the value of ORRV, and making the balance sheet look better for DPBE, and showing that DPBE as an investment is worth more than 2 cents per share, based on the assets the company holds. (The book value would go to more than the selling price. Even if not truly real, the book value would still show higher.)

SO, my personal opinion is that Wilf should KEEP the shares of ORRV on the DPBE books. NOt that he has ever listened to me before, but maybe on this one he will, as it allows him more control over diluting that stock in the future, and raising money for DPBE by selling off some ORRV shares and not having to sell DPBE shares. It makes sense. And most companies, when they sell a subsidiary (SOrta like selling a treasure site. Same thing. YOu give up assets which is the Deep Scan and such for DPBE, and get shares of another company in return) they take the money or shares and keep them ont he books, so that the value of the parent company remains the same, and is not diluted down by divested of 50% of the comapny through a dividend.

And I think people would forgive Wilf for his statment of saying it would be a dividend if he explained it as an assset that would help DPBE in the future.

(Hey you bulls. You can even pass this on to WIlf if you want, as I think this is a good idea for DPBE, and a positive thing that Wilf can do. What the heck, I can show GOOD things to WIlf TOO. When they happen)

I saw that too. And the note from teh ex CEO (I think that's who it was) that said Wilf lied to him. Amazing.

But people here still belive eery word he says. In spite of PROOF here on THIS board of his lies. Lies told about no t diluting shares when he was selling that very day. Lies about not needing money and then saying the company was broke. Lies about how the Execs would pay fr the 2008 season, starting early this year, and then not even being IN the DR at that time. Lies about not doing a reverse split and then doing it anyway. Lies to a large investor when he said he did not need any more money for DPBE and would not sell him shares, but then he dumped shares in the open market the very nect week, as shown by the oustataanding share numbers.

Lies, lies, lies.

But people here belive him.

More? How about the expectation of bringing gold up for his birthday last year? Or having a going away party for the crew in december so that on Saturday morning we could see them off on their way back to the DR? Or that certain treasure existed at (Insert place here. He said it numerosu times, including on Le Scipion a while ago) and would be brought up shortly. Or that the Deep Scan would be finished in two weeks, when it took 5 more MONTHS to finish? Or that the Deep Scan was sold for $700,000? And that money was going ot be used to buy back shares in the open market and bring the float down to 100MM shares. It IS down to that, but that is after a 1 for 5 reverse! What happened to him saying ht eDeep Scan was sold and that money would be use dto buy back shares?

ANyone that belives Wilf have any answers to why all these lies?

And that doesn't even go into the SEC regulations breeches I have mentioned in the past. things done that the SEC would NOT take lightly, but htat he did anyway. I won't even go into those on thiis post.

But plesae. Some bull tell me WHY you belive Wilf "this time".

PLEASE??

Ed, no problem.

<<jrf30, I have a few questions about stock for you ? I saw in a statement from DPBE that the company received 100 million shares of ORRV stock that was suppose to be given out as a dividend. I believe that DPBE also reported that it had over 300 shareholders. ... From what I see the company (ORRV) has over 300 shareholders ( I'm guessing this is from the DPBE dividend account, but it lists less then 23 million shares outstanding. Can you explain the share structure of ORRV, since it impacts the DPBE shareholders ? >>

ORRV had 23MM shares outstanding as of May 1. That does NOT include the stock to DPBM, as that was 100MM shares, and the deal was not filed by then. I would think they delayed the deal until right after may 1 just for that reason. No, not a biabolical reason, but a reporting reason. They didn't want to show it at that time. If the shares have been issued to DPBE (And I "think" they have, after reading the filings done on May 16th by ORRV.) then the new outstanding is over 123MM as of now. PLus there were to be shares given to each of the founders and a few other people, so that number will be higher after that occurs. It is hard to see all of it, as they are non reporting. But, I woul say that as of right now they have over 123MM shares outstanding.

Whether DPBE will give those shares out as a dividend is nto oknown at this time. Although Wilf said they would be, it is never firm until it happens. So we don't know. DPBE also is non reporting, so we don't even know if DPBE has offically logged those shares into their books as of yet. Wilf mentioned something last Friday about working on some final details, so maybe the deal has not officially closed yet (officailly is different than in reality. I"m talking about on a reporting basis). And once it closes, if not already closed, that still doesn't mean the dividend will be paid. That is up to DPBE to decide what to do, and Wilf could give it out, or could change his mind and keep it as an asset for DPBE, shoring up the balance sheet some. Either option would result in about the ame end for the shareholders, even though manythink the dividend is the only way to gain value on the deal.

Last question of yours. The 300 plus shareholders. NO, ORRV could not be using the DPBE shareholders as their own. Not yet anyway. As of May 1, the shares werwe not given to DPBE, and the dividend was not given to the DPBE shareholders. So that means the 300 plus was private money from others into ORRV. OR they used the DPBE shareholder number and broke the rules again. I can't say either way, but knowing how rules are ignored for "expediency", that could have happened.

NOt as much of an answer as I know youwold like, but being non reporting, and having the report as of May 1, before the announcement of the sale by ORRV, makes it hard ot see what they are doing on their books.

So we wait. Soon we will see. At lesat at ORRV. As the shares will have to be issued to complete the deal, and have to be logged into the books as sold. I still saythat as of today, not May 1, the books probably show the higher number of over 123MM, and maybe a LOT more, as the reports said "soon" restricted shares would be given to the principals of ORRV.

*

Kelel,

I said what?

Excuse me??

YOu said <<jrf30 also said he thought that the dividends were paid that day and was wrong about that. Post # 18157>>

Here is that post - word for word, pasted in here.

<<But just bcause it hit today does NOT mean the dividend is as of today. Or will EVER happen. It still needs to be announced, and made effective, and if that happens then "that" is when it will be. >>

So, HOW do you get form that post that I said it was going to happen that day???

Sounds like the opostie. And I know that I SAID the opposite of what you are saying.

I understand dividends. They need to be annoucned, have an effective date, and an ex date. That is when they will be given out to shareholders of record. And I said that. IN that post pasted above.

Please don't say I made a factual mistake like that when it is obviouis I did not.

Thank you.

(Apology shall be accepted, and nothing held against you for your error. We all make them.)

Rose gets another 1,200,000 shars of stock.

Question:

If he got stock from DPBE to give the rights to DPBE, and thn DPBE gave those rights to ORRV, why does Rise get paid AGAIn? Or does he have to give BACk some of the shares of DPBE, and take ORRV instead. It doesn't say he gives any back. I guess he sold the rights to DPBE, got the sahres, and now that DPBE is trasnferring it to ORRV, Rose gets shares a second time.

NIce work if you can get it!

Wow

Ed,

<<Well since the New Company has taken over the Key West Operation as was posted today. I guess everyone received their dividend shares today. Congratulation.>>

It was posted today, but it happened a month ago. A ccording ot the report made with the SEC. So the split could happen weeks ago, or it could happen in the future. Or who knows when. Maybe DPBE will KEEP the shares, and use that as their dilution instead of selling more DPBE in teh future. (And I'd be fine with that. I don't see the dividend as a neccessity)

But just bcause it hit today does NOT mean the dividend is as of today. Or will EVEr happen. It still needs to be announced, and made effective, and if that happens then "that" is when it will be.

Probably.

LOLOL

INteresting info on ORRV.

<<ORRV is a marine research and artifact recovery company. It is organized under the laws of the
State of Nevada. ORR has its corporate office in Lindon, UT and its base of operations is in Key
West Florida. ORR owns 3 research and recovery vessels and maintains an office and warehouse
in Key West.>>

It owns three boats. Hmmm.

<<ORR owns survey and recovery permits for approximately 25 square miles of marine area, with
the rights to research and salvage any materials from this site. ORR is presently conducting its
operations and intends to continue through the 2008 dive season. >>

So it is already diving??

<<The Company has been in this specific business for the last month, although all employees have
been engaged in this specific business in Key West, Florida for the past 2 years.>>

Again sounds like it is diving already. For the past month. Anyone see the Deep Scan leave the dock?

<<The Company maintains a corporate office in Lindon, Utah. Its operating facilities are in Key
West, Florida. Included in Key West are the following assets:
• Deep Scan 91’ survey vessel—fully equipped with all sonar, radar scuba and recovery>>

there it is. This company now owns the Deep Scan. SO, if trhey own it, what did they PAY for it? Did DPBE anounce any compensation? Where is our dividend? Is that going ot happen??

INteresting...

<<• Yazzi Blue 23.9’ motor boat, used for transportation;
• Mist Delaina 38.8’OMVVA Marine vessel;
• 1993 Chevrolet Pick up truck;
• 1,500 square foot warehouse facility—with offices on wharf;
• 3 large slips for the above vessels—135’ seawall frontage;
• Lease on 3 bedroom fully furnished home (furnishings owned);
• All equipment on the above vessels; and
• Scuba and recovery equipment for full 8-man crew.
All of the above assets (excepting the long–term lease on the home and warehouse) are owned
free and clear.>>

Owned free and clear. SO what did DPBE get, and why are they not announcing it too?

<<A. The following material contracts are attached:
• “Asset Purchase and Sale Agreement” between the Company and Deep Blue Marine,
Inc., dated May 1, 2008;
• “Agreement of Understanding” dated May 7, 2008 and between and among the
Com>>

Ahhh. I'll look at that next.

Now the asset purchase agreement...

I can't copy and paste it, but it says DPBE gets 100MM shares of ORRV. that is right. But of course, 100MM shares of DPBE represented 100% of the company. 100MM shares of ORRV is only 1/8 of the company, give or take. That makes it not as great a deal.

Oh, the shares ARE restricted. Period.

12.5% of value of items recovered. it does NOT say net, so that would be a gross amount. That is good.

Nothing else of interest in my eyes in it. ALl in all, about what we thoguht. So nothing new. And nothing bad - except the restricted shares. And the statement that the Clingers own very little shares of ORRV, but "Are abot to receive restricted shares" for compensation. SO it is about ot get diluted. Already. We don't know how much though, which is why I say 1/8 of the company will come to DBPE, give or take.

I don't like that we gave away 50% of the company of DPBE for 12% or so of the new company. IT diuted us away again. I think the 60 cent price is artificial, and will sink fast when it starts trading. If we could GET the price it would make DPBE a great investment. But being restricted I don't know what to truly think. Rule 144 has loosened up a lot lately, which helps. The itming is also shorter. But it still depends on how much they dilute, how many shares hit the market, and who sells first.

That's my thoughts, or lack of, on the news. A positive probably overall for DPBE, as at least the Deep Scan is gone and we have "something" to show for it. Now we need ot watch to see WHAT we hvae in return for it. ONly time will tell.

SO WB, are you going nuts over this announcement??

Max, that doesn't answer my question.

YOu are saying there is not an investigation going on. that was not what I asked.

I asked what their reply would be as to "if a CEO did X, is that something you think is a problem?".

I asked if they would agree that doing the three things I mentioned are allowed, or disallowed. Not if they are investigating DPBE about those three things. that answer can be no, and that would not mean in any way that it was still not brekaing the rules. Just that they have not investigated it yet for DPBE>

See the difference?

How about htis. Send me a PM, or an email (my signon for Ihub, at aol for the suffix) with the name and number of the person you talked to. I'll call that person next week (leaving today in a few minutes for most of teh day) and ask the three quetions. I'll post an honest answer. Not if they are investigating DPBE about those three things, but if those three things are allowed in the eyes of the person I talk to.

I don't want you to be narrow in your answer that there is no investigation right now, and have people think that means what happened IS allowed. Let's get an answer. S hoot - I'd even do a conference call WITh you if you think that would keep the conversation straight. I"m really trying to be open here and get real answers.

But I'd like ot know if they think those things are allowed or not allowed. Not just if they are investigating it NOW.

Can you do that max?

I"m out of here for a few hours, but send me a message. Thanks

I'm not saying there IS one (An investigation into DPBE at this very moment). Just that I think there WILL be one. At some point. And although this will surprise you, I hope there NEVER will be one. But, the issues I brought up ARE things that COULD have them bring one up. And even if there is not an investigation right now (And I hope there is not) that does not mean that what Wilf did ws right. ONly that they are not investigating it.

Did you ask them about a CEO selling shares and telling the blog that he had to but he thought it was a bad time to sel and a great time to buy, and then 2 days later announcing the company was broke, they were selling 50% of their company off to someone else, and there was a 1 for 5 reverse split coming? Ask them if it is allowed, since he had material informationat that time and yet hyped the stock and sold at the same time. I"m not asking if there is an investigation. Just if what he did was allowed or not. I kow you already called, but if you call again, ask about specific things. S ee what they say.

Ask about a shareholders meeting where the CEo does not mail out proxies or announcements of teh meeting, and then votes the shares of teh shareholders that do not return their (nonexistent) proxies int he way he wants. A sk if that is legal. Again - I'm not asking you to see if they are investigating that situation. JUst if what he did was legal. I have my answer. I'm curious if you get the same one.

Ask about a CEo calling investors within 60 minutes of finding a treasure (or part of one) and telling them that it was found. Not in a PR, or any other form of release, but in a phone call. Those investors then bought the stock, and the next day, whent he news was released, the stock jumped like 300%. Ask them if what he did by sharing that great news with certain investors was legal. Let's see what they say.

max, Im serious about that. Not trying to just make negative points, but please Do call them back. YOu have talked to them, and told them "everything" about Wilf. Did you ask about those three specific things above? If not, please call back and ask. YOU do it, because you re a BULL on the stock. If you ask, and they say it is gry but not something they would care about, then I'll listen. Because I belive you will call first and THEn post, and not lie to us about this issue. But, call back and ask about those three issues. There are more, but three is enough. If they seem to say it is a conern to them, or that it doens't sound right, then POST that. If they say it is not great, but not an issue, then post that TOO. But, let's get someone who asks the specific questions on those three areas where I think the SEC would be concerned and see what they say to someone.

Is that possible max? I'm asking in all agreement ot settle this. IF htey say that they are not interested in those three things, I'll stop posting that it is wrong for Wilf ot do it. Really. I too honor my word, and would stop saying it will bite DPBE if you hear from the SEC that they are okay with it. (Or even "not okay, but not something they would worry about")

I've stated more than once i LIKE the idea of this company. I LIKE the adventure. And I am stil intending to DIVE with them, as long as I feel they are going to be around. I talked to Wilf not long ago, via email, about the requirements for me before I could dive. I am working on that requirement. So I LIKE them. BUT ... I don't like what I perceive as breaking SEC rules. So if you ask about those three specific things (I don't know if you already did) and can post the answer - GOOD OR BAD - then I think we can come to an agreement on this topic. Either you will thnk it is a possible yellow flag to investing, or I shall think it no longer is a problem. But I'm willing ot have you check it out a little more and come to a final conclusion on what we think the SEC truly says about those three situations.

Tanks max. I appeacitea your effort. YOU might even be able to turn me back to being a bull again if you get good results. Really - i LIKE the idea. If the SEC issues I fear are gone, and I think they will survive (Because without the SEC coming down on them, i DO think they WILL survive. Wilf will dilute again, but that is what it will take, and that is what he will do) then I"ll not be so fearful and not so bearish on the stock.



John

Close max, but I don't think you are listening to the WHOLE story.

<<if it takes 20 yrs to survey 900 sq mile and they find 70-100 wrecks I have placed my money in the right company to do the job.>>

the AREA is great. The POTENTIAL is great. the COMPANY though I think will be out of business LONG before someone ELSE does the work you are talking aout for the next 20 years.

Why? (I"m always good at stating facts to support opinions)

Because THIS company has broken too many SEC rules and if it continues to survive finanaically the SEC shall eventually come in and stop the whole mess (See my post of two days ago where I asked ANYONE to show me how what they did was LEGAL. NO reply form ANYONE to say it was legal. Max - that's a fact area I wanted to debate, but no on etook me up on it. An SEC area.

The insider trading that was done by the CEO two days before he announced that there would be a reverse and a 50% sell off of the company? he repsonded and said he sold it legally under rule 504D. Rule504D allows him to sell shares, but does NOT say he can do so when knoweldgable about a major "material fact" that is about to be annoucned.

The reverse? Without notifying shareholders of a major decision? And then voting their shares FOR them even if they didn't know of the meeting? Max, that decision is NOT going to stand, and when i tcomes back to haunt DPBE it is going to be the straw that broke the diver's back (that one IS an opinion. I don't know if "that" will be the one that does it).

Or the phone calls made to investors about finding coins before the rest of the world knew? ANd they bought and THEN the announcement was made? Insider trading with collussion from teh CEO, and there is a person here on this board that can collaberate that crime. He ws the one that called Wilf and told him the coins were being brought up. He was the one that investors started calling to confirm the story - within the hour.

max. I AGREE with you that treasure hunting is an adventure. I AGREE with you that Smana Bay has LOTS of ships, and some HAVE trasure. I agree with you that there is 20 years of work to be done. And I agree with you that someone will find big treasure there some day. My concern is that it will not be THIS company. Because the CEo of THIS company has NOT worried about the SEC rules. He can use logic and say he "had to do what he did" all he wants. It makes sense, but it doesn't make it LEGAL. What about his previous PRs that said amazing things were about to happen? Right after those, he SOLD shares into the rise, from teh treasury, and then those amazing things did NOT happen. Cal it wha tyou might as to "He thought they would, but he was misinformed" or "he was given bad information". that may be true. that doesn't make it any less WRONG in the eyes of the SEC.

Do you see the difference here MAx (And other bulls)? I am not talking what makes ense. I am talkig what the SEC REQUIRES. I have said in the past that I expect that at some point the SEC SHALL intervene, and this company shall be in trouble. Because of these things. I have written Wilf and asked him to NOT do some of the things he proposed to do. he did them anyway. He had his "reasons". But even if the reson is good, the rule is the rule. SOund inflexible? Don't blame me - blame the SEC. They set it up, and YES max, they ARe inflexible.

(Although on the illegal revers, the illegal shareholder vote, the illegal trading on bad PRs, the illegal trading while knowing a material fact was about to be released, and what the SEC would call hyping by an insider, I think he is guilty of ALL those things. In SPITE of his 'Intentions, thoughts, or logic".)

Which is why I think this company will NOT be around for the 20 years you mention. Sorry max, but that is my opinion.

And I state it in the hopes tht some get OUT before 100% of what they own disappears. If it happens as I fear it will, this company will not survive. NOt because of a lack of treasure, or even a lack of money (Wilf can sell more shares), but because the SEC grabs it and chokes it to death for rule breaking by the CEO. My thoughts.

Okay, I gotta say more.

I am still thinking about it.

If anyone buys 100,000 shares of DPBE, they pay $2,500 for it right now. NOt a lot, and they own 100,000 shares.

Then the dividend that was PR'd gets announced as reality. that person gets 100,000 shares of ORRV which traded last at 60 cents per share. That is $60,000 in value. As a DIVIDEND.

Regardless of whether DPBE strikes gold on the Scipion or not, the value of hte dividend is worth $60,000. PLus you own your $2,500 in DPBE still.

So, you have $62,500 from your $2,500 investment, without either stock rising one penny. Just as they are.

Does anyone else think this equation has PROBLEMS?

If it were real, wouldn't all the bulls buy some STOCK? Buy 400,000, and thta costs $10,000. Get $240,000 worth of ORRV. EVERY person on this board could become RICh within WEEKS, when it happens.

So WIlf has said this will happen, and it will make ALL shareholders MAJORLY rich as soon as it happens. Why are the bulls not BUYING more shares? Only $10,000 invested each day from ALL the shareholders TOGETHER will give them $240,000 of new stock each day. And the volume would be 400,000 shres each day, making THIS stock move up TOO.

WHAT IS WRONG WITH HTIS PICTURE?

ANyone have an answer?

<<HOW the hell did they pull off a R/S without telling us the facts of the split first?
>>

By not announcing it to shareholders, by not sending out a proxy To shareholders, and by counting as a YES vote FOR the reverse all shares not voted, even though those people were not legally notified of the vote. And they changed some of the things being voted on even after they put it on the website. The authorized share vote changed in amount of shares and was updated very close to the "vote". (I haf'ta use brackets on that word, because there was no real VOTE)

Anyone have a spin to say that was NOT illegal according to SEC rules?

I say it WAS against the rules. YOu can't refuse to send a proxy out to shareholders and then count them as a yes vote when they do not return the proxy they never got. I say the reverse was an illegal act and if someone pushed it then it could be negated by the SEC. Granted, I"m not going to push it, but facts are facts (Not opinions) and rules are rules. Logic doesn't work and expediency doesn't count as a valid reson to do things against the rules.

Can someone show me ANYWHERE where the SEC says a shareholder vote can be taken without the shareholders being notified? OR that shares can be voted the way management wants when they are not given a proxy or the ability to vote as they please? Or can anyone show me where a public company can have a vote and not legally notify their shareholders OF that vote?

Can someone that thinks "Wilf rocks" please reply. regardless of his other plusses or minuses, Can someone tell me why this is not breaking the SEC rules and going to get DPBE in TROUBLE? Just asking. Thanks.

I think we should focus on this one thing and get an answer. I can show chapter and verse of SEC regs that outline how public companies need to take votes and hold shareholder meetings. Can anyone quote me a waiver of these rules for DPBE? OR for pinkies in general? I"m asking to fill in this topic. Let's get an answer.

If not, then do you agree that it was done against the rules? And if so, does that not SCARE you? WHy are you bullish IF the company is breaking SEC rules for expediency? Again - just asking.

Let's open a debate on this and get it settled, so this issue is not over our heads. Anyone on the "DPBE did it legal" side wish to speak up?