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Barrick said he bought into CPRK as well.
I hope he got some shares sold before all this. And no, I don't mean today. I mean last week. Or three weeks ago.
yeah, he lost other people's money, but it hurts anyway. And it hurts his future business. If you lose people money and htey move their account, your business goes down the drain too. So it might not have been his money, but it was his livlihood.
Everyone involved in this deal took it on the chin. Except Wilf. he sold shares, including I was told RESTRICTED shares that I was told he "loaned" to people so THEY could sell them. Now, they can buy them back at this price, and make money. By selling shares that were supposed to be restricted.
I wonder how much of this will actually ever come out to the open?
RM, how goes the research to see what you think about his selling shares three days before he announces the company is broke. ANy luck on whether you thnk that is legal or not?
NOB. that was good.
that shows that he HAS been saying one thinga nd doing another. NOt just that circumstances didn't work out right, but that he was lying form the start.
I liked this one.
<<Wilf Blum: "I'm living my dream. This is what I've wanted to do for years. And we're doing it. It's exciting."
The company claims to have found what appear to be sunken ships along the Atlantic Coast, using secret new technology.
Wilf Blum: "We've been able to identify more wrecks than.. if I told you the number you'd think I was an idiot. So let's just say we found a lot."
>>
They found a ship using SECRET TECHNOLOGY!!
I didn't know that HAD any secret technology that the rest of the tresaure hunting world doesn't have. Wow. Now that I know they have that, maybe I should be a bull again.
LOL.
RM
Same thing.
<<I feel bad if all this SEC reporting destroys everything that the crew worked so hard for.>>
the CEO did things that were not right according to the SEC Rules.
the CEO said he would not dilute us much more from 100MM shares.
the CEO potentially sold shares that were restricted without caring about the rules. (that one is uncomfirmed)
The CEO said that the crew was going back tot eh DR at the December shareholder meeting. It didn't happena, dn he never mentioned that it was delayed. Just put out the positive announcemnet, and then let it die on the vine.
The CEO sold shares three days before admitting that the company was broke (Insider trading??) A nd he POSTED that he sold those shares!
The CEO set up a reverse merger that was not sent out to the shareholders, and the only way to know about it was through a blog or through this site. I do NOT think this was a legal meeting.
The CEO set a meeting without giving shareholders any notice. A nd then, when the shareholders didn't get the proxy, nd therefore did not vote, the CEO took that as a YES vote, not an abstention. Look that up and tell me if you think that is LEGAL.
the stock went down over 98%. past tense
THEN the investors decided that WIlf was ripping them off and decided to complain.
Now you say it is bad if the REPORTING of all these bad things make the company go away??? What about the DOING of all those wrong things?
Answer me this. Wilf admitted selling shares of the stock 3 days before he announced the reverse s;lit, sale of the FL area, and that the comapny was broke. Do you consider this legal? If you don't know, LOOK IT UP and THEN answer me. I don't want a cope out of "I don't know." It is easy to look up the rules of insider trading before the announcement of a material fact in any public company. I just gave you the key words for a google. or ASK people. See if you get the same decision others have gotten. that it is NOT the right way to do it. Do some RESEARCH, just like we had to do on the contest. See if you too think it was wrong.
And then, if it was wrong, don't say that because people are TIRED of Wilf doing wrong things that it would be bad if the complaining made the company go down. RM - WILF made the company go down. PLace blame where it belongs. WILF sold the shares that most people think was illegal. WILF sold share that many think were restricted. WILF said things very boldly and then didn't DO them. WILF did things that are now being complained ABOUT.
If someone is raped and reports it to the police, do you blame that person for making the "crime totals go up in that neighborhood"? Sounds silly, but that is similar ot what you are saying with your comment above.
IMHO.
Crew,
Let's see...
CEO does stupid things.
Stock drops 90% plus.
INvestor complains that CEO is doing stupid things.
YOu blame investor for the drop, not CEO.
is that the way it is? that's how it SOUNDS.
Thanks GB. You know what for.
Nob, if you want info, look at the posts of Wilf on the blog (If he doesn't erase them again, as he did with the last blog) Also look at some of the posts I put up showing what rules he was breaking. On the blog AND here. Just bring them to their attention without worrying about where they came from. The topics are all you need to bring up.
Also, you may want to email -B. he had that long face to face with Wilf, and I think he may have some things to say too.
To the others - I think this stock is about to collapse the rest of the way. No, that is not to get it cheaper so I can buy it. I have said (it is in my old posts) that if Wilf DOES get things off the ground, the company will STILL fail if he doesn't change his ways and avoid a confrontation with the SEC. But he continued in his ways, IMO. Doing a reverse split with a proxy that was not sent out to sharesholders, and then voting for those shareholders his way, without their approval or knoweldge, i s NOT a way to do things Right. And I think he went too far this time. I think some people ARE probably talking to the SEC now, and since (IMO) he HAS done all these things that are not right, I think this company is about to get a rude awakening.
Call this your official warning.
By the way, I did NOT listen to this advise with RSFF. And I lost a BUNDLE. I hated it. Ad I hated that my friends lost money. And my relatives lost money. And that other investors lost money. I hate that I see good people HERE that have lost good money. SO THAT is my motivation. Not to buy cheaper.
But, my personal opinion is that this comapny finally crossed the line, and that the SEC WILL get involved, and at some point this company IS going to zero. Just my opinion!!!! ANd one I don't even LIKE. But, I think it to be true. So, if you hvae a position, hold it if you want, and I can't tell you to sell it, but I can say that I personally think whatever you have left is going to zero.
Just my worried opinion.
Yes I am on the sidelines. I have no skin in this game right now. I did, but I sold. And I'm glad I sold. I'm watching, and I've been trying to get Wilf to do things a little better. So that the future looks bright. And if he did follow the rules better after being told, I would have been a buyer. But, I don't think he HAS, so I did not buy again. SO take these as the rantings of one that is out of the game, but still concerned about others, and still feeling bad that you longs have lost money. And may lose MORE if you continue to hold.
Just my opinion.
And I'm done for now. LOL. Before i get myself in trouble.
<<It was not legal... I never received any notice>>
Congratulations. If you did not receive a notice, then according to the rules of Wilf, you voted FOR the reverse split.
Automatically.
Don't forget to tell them THAT part.
(Or that he admitted to selling shares of the company 3 days before he announced this reverse and selling of assets of the company. I'd like to get THEIR "opinion" on that transaction)
<<Can someone tell me if the method in which Wilf executed the Proxi statement was legal?
>>
I have stated that the way the sharesholder meetigs have been annonced and taken place were not legal. I have stated that the way the proxy was done was not legal. Then, I add "in my opinion" because that is the CMA (As opposed to CYA) of saying I don't want Wilf to say I was libeling him or be the source that as the one definitively saying wilf broke the rules (When it hits the courts. And IMO it will!).
But, since I added IMO on the posts, people said what I printed was not fact and not true, and I was a basher.
Rules are rules. And breaking SEC rules in how you operate your company is not "doing what it takes to get the job done." It is BREAKIG THE RULES. ... IMO. Anyone that says "I would do it the same way. It makes sense" would ALSO end up on the wrong side of the SEC. I'm not saying hte SEC makes SENSE. Just that they make the RULES. And they don't like it when people use logic or expediency to justify breaking those rules.
Selling stock, and admitting on the blog you are selling stock, when you are the CEO, and then 3 days later coming out with an annoncement that you are reversing the stock and selling 50% of the company potential to someone else because you are BROKE, is ALSO ILLEGAL ... IMO. It is caleld INSIDER TRADING. Saying "But I sold those shares to an investor, not on the open market" is NOT a defense. ... IMO. Because it doesn't matter to whom you sold shares. It matters that 3 days before an announcement of a material fact that makes the stock drop 50% you as the CEO are NOT ALLOWED to sell shares! NOT ALLOWED! ... IMO of how I reda the rules. But don't discount that, as that rule is NOT hard to interpret. An insider ca NOT Do it. Pretty simple to read!
I have not been one that has said "The boat shall never leave the dock" and things like that. My emphasis has been where i am knowledgable. NOt in treasure hunting but in SEC regs. I have been and am subject to them myself. So when I see a CEO do things that (ahem... IMO. CMA!) are illegal and against SEC rules, I think that SUCKS. Furthermore, I think it is WRONG. Wrong for the shareholders. The REASON the rules say you can't sell right before you announce your bad news is to protect teh shareholders. INcluding the sap that BOUGHT those shares and saw them drop 50% in the week following the purchase. So the SEC says it is illegal to do insider trading with insider news. Then, to ADMIT you sold the shares? And say you don't "think" it is illegal, and your reasoning is because "you needed the money for gas"? How does that make it any more LEGAL? Not ... in MY not legally binding opinion.
Yes, my emphasis has been on SEC regulations and rules. NOt on the treasure hunting itself. But, I'll be a basher again after people read this.
IN reality, I have ASKED WIlf to do it RIGHT. Not "just" bashed. i TOLD him his proxy was not announced legally ... IMO. I told him that to vote the shares that are not returned, when many people don't even know there IS a vote (Since not all investors read this little board!) is NOT LEGAL .. IMO. I told him BEFOREe the case HOW to do it LEGALLY ... IMO. I'm not against the company. I'm against him continuing to do it HIS way, instead of the SEC way. IMO.
SO, since this is just my OPINION, it means NOTHING to some. But others, those that can read for themselves, will see that my opinion has some VALUE to it. And if you don't think so - ASK someone that you think would know. Like your broker. Or anyone you know who knows security laws. Just another OPINION. Or call the SEC. I think CAPT already did. I didn't. I tried to get wilf to change his plans and do it RIGHT. For the future. Not for the here and now, and the rationalized ways he seems to think he can ignore what others think (IMO) are the RULES.
Those relief supplies have been there so long already that the food is probably growing mold, and the people that needed the help have already done what they had to do in order ot replace the items we were supposd to bring down to them.
Think about how the people in LA were needing things and complaining that the relief was too slow. The, take that and multiply it to what we have done.
It was a great idea. a GREAT idea. But, the stuff is sitting there (I hope the fuel leak wasn't in thta area, and it doesn't all smell of fuel!) and going nowhere! That is SAD!
Ed,
<< do know where the segment of the groove in the reef was filmed for the Good Morning America segment and it WASN'T in the DPBM permit area. You can dive there recreationally and not break any laws, but when you do it with an underwater metal detector it is called breaking the law and that is a FACT, not an opinion. >>
So what? I have shown how Wilf has ignored SEC rules and laws in the past few months, and no one CARES. They don't want to hear "facts" They only want to hear we may find a treasure some day. Reality can't nudge itself into their vision.
You may be very accurate, but it is easier for some (Not all)to say you are lying than admit the truth. Ed, don't let it frustrate you. You told them that Wilf did something that was breaking the law. I personally can't confirm it, as i don't know the groove in question, but if you are saying you know it well, know where it is, and know it is out of the permit area, then I take you at that word. But, others here will NOT allow you to state such "bold faced truths", so expect that backlash. If it is bad news then they will discredit you, ignore you, or say you are lying.
DPBM is almost like a CULT to some people.
So take it with a grain of salt. And thank you for stating it, since you are one of the few that know that specific groove. It confirms to those of us that want to know the truth that things are still being done the same way as always. And it should be a yellow flag for new people that look at the site (if any). So thanks again. SOrry you hvae to take such garbage for stating something YOU know about.
I can answer that.
<<My question is this: Didn't I read on this board that everyone getting that stock was told that it was free trading?? If it is 144 stock, then how can it be free trading ??
>>
I personally have NOt seen anywhere that it would be free trading.
If I did, I'd be all over WIlf for the contradiction. But I'll stand o the compnay side on this one, and say that I saw it as restricted from day one.
And I personally am thinking of shorting the new company shortly before the restrictions lift, because the exodus after the restriction is lifted I think shall be swift. So I hope to benefit on the drop in price.
That is IF the company is high enough trading to be able to be shorted. I don't have the connections some do to short a stock that is a penny stock.
But no, I have not heard it would be free trading.
Ed,
<<Thanks for the post. I do have one question for you? Isn't 144 stock restricted ?? The reason that I ask is that my stock was 144 and it was restricted.
>>
Yes, 144 stock is restricted. Yo CAn sell it, but you hvae to fill out a 144 form (Hence the name "144 stock")
The form is a formality, but it notifies the SEC and the world that restricted stock has requested to be sold. ONce approved, and it takes an attorney's letter from teh company to say the stock CAN be sold, then there is a 90 day window to sell it.
IN the case of some stock that WAS restricted, it was sold back to Wilf, and WIlf then sold it to an investor without regard to the 144 status? I firmly believe that was an illegal move, if that truly happened.
For those that don't like that people pick on Wilf, it is becuse he does things wihtout regard for the LAWS. SO, IMHO< he DESERVES to get picked on.
Just like he said he was selling shares (At $0.008 per share) to put gas in teh boat, and then less than a week later announced selling off 50% of the company and doing a reverse split. The stock went down 50%. That too is VERY VERY VERY illegal in my opinion. AN insider is NOT ALLOWED to sell OR buy stock within certain timeframes of major (Called "material") news coming out. They have to hold where they are until the news hits. His defence was that he sold to an investor, not on the open market, but the SEC sayd NO sales can occur when the office (CEO) is about ot announce a major piece of news. And as for it going to an investor? ALL sales go to "an investor". Even the ones ont he open market. You and I and all the other people on this board are "investors".
I have written recently about how I believe WIlf is breaking the law. IN ways big enough to DESTORY this company. That if we DO hit TREASUR, we STILL will NOT survive. Because the LAWS have been broken, and the SEC will come AFTEr the company. Fine Wilf AND the company MILLIONS if they want. They aren't messing with us right now, but if we get some strength, I feel they WILL. Because of Wilf's lack of concern over laws and rules. And his FLAUNTING it, and trying ot use justification that makes is tound okay. "Loaning" restricted shres to someone so THEY can sell them is still not legal, IMO. Selling 144 stock to someone new, and not caring about hte 144 restriction? Nope, not legal IMO. Selling before you announce the company is almost BROKE? NOT LEGAL imo!!!!
WIlf, are you listening? I"m saying I think you are breaking the LAW. I don't crae if "I would do the same thing if i were CEO" as some have said here. They are NOT the CEO, and they would know the rules that say they CAN NOT do that if they WERE the CEO of a company. There are different rules for an insider than the public, whether people on a stupid board think so or not. And Wilf, you haev to follwo the SEC RULES< not what you "think" is "best". Even if it IS best, the laws sometimes don't allow it.
Anyway, I am not right now, and waiting. But, these are my opinions. WIlf is destroying us by treating this the way he WANDS< instead of the way the laws say he MUST. My thoughts. Hopefully some of what I hvae been told is inaccurate. Although he ADMITTED he was selling 4 days before he announced the comapny had no money left and needed a reverse split. that one will be TOUGH to get past!
Pray we do!
Remember the complaints that it was "sub penny"? That wsa when we were at $0.008 and $).009.
Now?
<<0.004??
WOW!>>
Now, if it DOUBLES from here, we are STILL sub a penny! Up 100% and still less than a penny.
NOT a good thing!!
Oh, and yet ... due to the outstanding going up so much, we are HIGHER PRICED NOW at 0.004 than we were when we were at 2 cents. Really. Because to see what a company is worth, you take the price times the outstanding. And that means with the 500,000,000 (Minus what? 10,000?) we are higher now than then. And that is why we ARE down so low.
FYI.
RM
<<I will be voting 79,4500 votes of yes. >>
Interesting number. LOL.
(And I know. I type much worse than you do, so I make mistakes much worse than that one)
I can answer that.
<<Someone please help me understand cause I don't see the point of the reverse split, no authorization for additional shares, name change, symbol change, etc.
The reverse split will give everyone, including DPBM, 1/5 the amount of their current shares and theoretically increase the per share price x 5.
How does that generate any revenue to fund operations? How does that keep the company from going bankrupt?
>>
It means that the 500,000,000 shares that are now outstanding become 100,000,000. And with teh authorization still at 500,000,000, it means that Wilf can sell an additional 400,000,000 into the market again.
Thereby dropping the price of the NEW 500,000,000 (It may take a year or two to sell them all) back to sub penny.
That's the goal though. TO open up the ability to sell an addional 40,000,000 shres.
PUt anohter way, ALL the holders of the comapny right now, including Wilf and us and the past restricted shreholders. ALL of us ... will eventually only own 20% of this company. New people, who haven't' even bough tin yet, will own the other 80%.
Makes those artifacts being split up equal less for our share all the time.
Yo Uncle Dave
<<Where's the proxy? Hopefully it will have a fax number on it so we can get it in on time.>>
Don't worry about it. If you don't get it on time, it WILL still be counted. Wilf set it up so that if any proxies do not come back in time they will AUTOMATICALLY be counted as a "YES I WANT TO DO A REVERSE SPLIT" vote.
UNlike any NORMAL company, which counts all the proxies that are returned, this company is using a tactic to count people as voting in the way Wilf wants, even if they don't get the proxy in time!
Isn't Wilf great? WILF ROCKS!!
<<At this point I would rather see Billy giving it his all, and loose my money in the end then to have the rug pulled out from underneath us>>
If it were a choice between losing it all on Capt Billy or pulliing the rug, I say trust the dive crew.
BUT
that is not the choice! We were told the dive crew was going back at the shareholder meeting in early DECEMBER. If we lost money while diving, and didn't find enough to survive, that is one thing. And that is what you say you would like.
But, what about the fact that it has been ... what? A THIRD OF A YEAR since we were in the water?? Were we in the water in OCtober? Wasn't it about then? Somebody remember? ANd this Saturday is March 1! Dude, it is not that we are gambling on a dive and losing. It is that we have been told the Deep Scan would be ready in October and it is STILL "almost" ready to get off its dry dock, in the beginning of March. It is that we were going back by Thanksgiving, and we did not. It was that we were having a send off shareholder meeting, and they did not go off. It was January and all good things would start happening, and they did not. You can say 'But NOW we are READY." Yet those SAME words were spoken in November, when we were "two weeks from finishing the Deep Scan and gettng back to the DR".
It is the LIES that have kept us OUT of the water for such a long time that is killing us. It is not gambling on Captain Billy and whether he finds anything or not. It is the delays for 1/3 a YEAR and not diving at ALL.
REmember "We were going to leave this week, but now we have a wonderful opportunity to be on GMA. So, we will stay an extra week, and leave right after that filming. We are getting ready now, so we can leave right after they finish the episode." remember that? Yes, we were "Right there" About to GO. But ... we did NOT. How about before that? We wre "ready to go, but why go empty. Let's fill the boat with relief funds for the DR (A good cause, and i"m not faulting it). SO, we will delay, but will fill the boat, and go as soon s the truck can be driven to the Keys." remember that one? that wasn't accurate either.
THAT is the problem. We are ALWAYS "that close" to going. And what about the promise of LAST SATURDAY? "We are leaving for the DR this weekend. That will teach thos naysayers to say we are a bad company". It DID NOT HAPPEN. THAT is why we are sub penny. And out of money. Because we spent it NOT in the water, but while on land! And that sucks!!!
That can also dampen the spirit of a shareholder who USED to agree with you. Give it a gamble, and see if we find treasure. IF we DOVE, I'd be okay with losing money. Losing on dry land is NOT okay in my book.
Is that a fair assessment?
LOLOL. FINALLY.
Thanks Maxjda.
Even though I'm not really paying attention to the game, I've been looking for that one anyway.
GOT it. Whew. LIfe can now go on.
I put this on the blog too. Maybe he will reply, or mention it.
<<Wilf admits he was selling shares less than 10 days ago, to put gas in the boat. Then, mere DAYS after he sells those shares, he annoucnes a one for five reverse split?
Me thinks the legalities of selling shares while knowing about and not yet dissemating material facts is an illegal trade. Just my opinion, but one that worries me (yet again) about DPBM.
With most firms, the CEO and officers are forbidden to sell shares within so many days of the release of earnings or any material fact release. Just because when news is coming out the SEC doesn't allow officers to sell shares right before the announcement.
So ... WIlf selling days before he announces he is doing a reverse. AND increasing authorized. AND says he has no money to fund the company, AND says he sold off 50% of the company to someone else?
I do NOT "think" that is legal. Anyone else follow SEC rules and guildelines and have a thought on that? Maybe more concrete information than I have, since mine is a gut call of what I think might be real?
Just anohter case of our CEO doing something that can and probably WILL come back and BITE us if the SEC ever looks at us, IMO!
Wilf, you gotta stop acting like this is your private company. You can't do things that make perfect sense IF this were a private company. This is a public compay, and there are RULES. With CONSEQUENCES. Admitting you are selling (to a select few that read a blog!) and then coming out with the biggest news announcement of the company's history less than a week after you sell? SOmething that makes the stock go down 40% in that week? Wilf, what about the SEC RULES???
>>
Anyone agree? Disagree? CAPT, what would your attorney say about Wilf selling right before a major announcement? Does he have an opinion??
RM
Thank you. I looked for some I didn't know in the past, and remembered from the game. S till didn't find that pesky Captain Cox that wrecked in 1808, but I didn't look that hard either. NOt that important to me anymore. LOL. TOUGH contest though.
I just hope Wilf doesn't end up with the car!
RM
I gave up on the game too. It was purely a tie issue. Took too long every day and I don't have that type of time ot play. But I have a question for you.
How did you come up with answers to questions that only had a captain and a year? The one I remember is Captain Cox in 1808. I was able ot look up a lot of answers in Marx's book, but those never were able to be looked up, as I couldn't use the captain's name for a cross reference.
There wre numerous ones with only the captain's name and ayear. How did you get those answers? If you don't mind.
<<You are getting a penny for every share of DPBM you hold...why should it go down? That is what 5 million is worth in the buyout
am i the only one who does the numbers?
>>
Not quite. You are getting shares in a company that who know what the real value of is. If I traded you my $1,000,000 puppy for two $500,000 cats, would that mean I have something of value? OF course not.
WIlf is selling the Deep Scan for a lot more than it is worth, according to those who know boats and posted about the sale when it was first announced months ago. But, if he is getting shares that are equally overvalued from reality, then the $5MM is not an accurate number.
I'm not saying it is NOT worth one penny, just saying we don't KNOW if it is or not. I'd like to see the trading price of the new company and exactly what we are getting that is assessed at $5MM. Then we'll know. But I think it is too early to say for saure we are geting 1 penny per share in value, instead of possibly getting two $500,000 kittens.
FYI
<<I believe the holding period of 144 stocks is one year before a sale can take place. This somewhat protects the value of the “new company” for a period of a year. >>
I belive they changed that in January to a holding period of six months. Just FYI.
<<NOBODY selling the lows....
can we bounce
>>
You gotta at least be realistic when you try to say things like that.
In the past 6 minutes, since the bid dropped from 4.5 tenths of a penny to 4 tenths, there has been 465,000 shares traded at 4 tenths of a penn. There has been two buys of 48,900 shares.
Hard to say "Nobody" is selling at the low when the ratio is almost 10 to 1 that they ARE selling there. Still.
And if 465,000 shares in 7 minutees is nobody, what is 48,900 buying shares in that same time?
Don't take a play out of Wilf's book and say something that is totally false just to say it. It only hurts your own credibility.
As for volume, in the 8 minutes now, it is still pressuring the sell side. JUst a fact.
This is a scary thought for the future!
Your answer to <<What I don't understand is, if the company needs funding, why pay out the stock as dividend. Why wouldn't DPBM sell the stock to fund operations, even if the new stock comes with a time restriction...
>>
Because the new stock is 144 restricted. It can't be sold right away. So, instead of having it sit as a DPBM asset, it is sent to the shareholders as THEIR asset.
Oh, and the largest holder of DPBM? heeheeheee.
WILF
So, instead of being an asset of DPBM, it is mostly going to Wilf's pocket. (Oh, and we get some too)
Think about it.
He can fold DPBM in the future (if we don't succeed in the DR)and he will STILL own part of a treasure huinting company. ANyont think of it THAT way?? (I bet WIlf has!)
<<A reverse split can only be authorized by a shareholder vote where the majority agrees>>
I will BET that it never goes to a shareholder vote. You see, MUCH of what Wilf does has NOT followed SEC rules, IMO. The shareholder meeting? there was no mailing to shareholders, as is required. If there is a shareholder meeting, ALL shareholders are to be NOTIFED. Unless you are on the blog or this site though, you didn't KNOW about the one in December, or know about the one in Las Vegas coming up. Tell me how that is LEGAL? And then he tells people things AT these meetings, which I feel are legally "gatherings of a select (those that are on the blog) shareholders, giving them information that has not been disseminated to the WHOLE body of shareholders." In other words, giving insider information to a select few BEFORE it is announced publicly or given to the whole of the shareholder list. That's the way I read it anyway. And I feel that if the company goes belly up (My guess) then it is gone and no one cres that he broke rules. But, if it succeeds, then the SEC comes in and it is STILL gone. Why? Because of all the violations he has done!! And yes I think WIlf has broken MANY rules on trading, unauthorized sales ("Loans of RESTRICTED shares that are then SOLD anyway?") of restricted stock, insider information rules, and sunshine laws. I even sent him an email ASKING him to NOT do shareholder meetings without proper notification, so that it is NOT something that can be used against the copany in the future if we succeed. I got NO RESPONSE. So I don't think he will be able to use the "I didn't know" excuse, not that it is a legal defense to start with.
The LV "shareholder meeting" was scheduled on the BLOG, only about 20 days before it will happen. That is not the required 30 day notice with proxy sent to all sharesholders. Yet he persists in holding it, in spite of pesky little SEC rules that he might be breaking. Does that tell you something about him and DPBM?
The point is that he does not follow the rules. Rules are not an issue with him. So, will this R/S be sent to shareholders? to ALL shareholders? I doubt it. Even if he has more than 50% of the shares, it still (Again, IMO) should be sent to ALL shareholders for a LEGAL VOTE.
Anyone want to give me odds on whether he follows what I interpret to be SEC rules and sends the proxies out to all sharesholders? OR if he makes the RS effective with no notice, no vote, and no rules? Who wants odds on it??
I'm done for a bit again. I say some things, but many do not want to hear it. Wilf bashing. Shoot, all I want(ed) was for Wilf to follow the rules, make sure he was legal in things, and do it RIGHT. Then, we could all SUCCEED TOGETHER. He does not even reply to those questions. Hey - someone that has his ear. Can YOU ask him about the LEGALITIES of things like the shareholder meeting, his comments of material facts on a BLOG (Not an authorized outlet for dissemination according to the SEC and the proxy for the Reverse? Please? If he can answer, it would make you AND me feel better. So far, he has moved forward, and ANY mention of SEC rules (At least by me) has been IGNORED.
Is that a company you want to INVEST in?
Advice for teh future <<Dont totally kick yourself; its one thing to misread the facts, its another thing when the facts are misread to you. This has been my biggest loser since the dot com days in 1999-2000, and I just feel.....dirty....or used. Its just sad. Very very sad.
>>
ALways bet on management. If you have an "A" story but "B" management (DPBM) then PASS on it. If you have a "B" story (Not that great) but "A" management, they WILL find a way to make it work.
Management IS the story, not the story itself.
Management has been the problem with this company. WIlf is a liar. h ealways has "reasons" for things not turning out the way he siad htey would, and those reasons habve some validity to them, but they still are FAR too frequent. What he says does not have a bearing with relaity. ANd THAT is the reason we are at 1/2 of a penny. And why I turned bearish on the stock a while back, after starting as a bull.
Wilf is "B" management. When he said the shareholder meeting in early DECEMBER was to send the crew off to the DR, and now we are about to hit early MARCH this week, it is a lie. Nothing else to it. No "But GMA caused us to delay" (They weren't even in the picture in December) and no "But hte boat is safer now". If it wasn't safe in Decmeber, then the schedule should not have been stated!
And as for the ExecuXscapes, that still ticks me off. I worked so hard to get my schedule arrange dto GO in February. It didn't happen, ad to learn that they are not even THERE for the week "I" was working to go? No, I'm sorry. No one can say "Oh, they probably called the people scheduled and told them about it. I'm sure they did it nicely". They had me running around working with things to chnge my schedule, to go on a trip where "I" had to buy my ticket to the DR, and meet the boat there. ANd the tickets werew nonrefundable. If I bought those tickets, then what? I would have been LEFT there, as there was no boat there to pick up ANY executives. And "I" (I want you to know this is not idle chatter. This came to ME) was otld people WERE booked for the tirp I was on, because I was asking about the people. I do not know what they told THEM, but if people were booked (I think that too was a lie now) then they too had their own tickets to the DR, and they lost money on a boat that they paid to get on that was not there.
B Management. Avoid it. I have NOT, and it has cost me. NOt here as much, as i didn't trust wilf enough to buy much, and i was in a and out a few times. And I might even get in AGAIn in the future. But ONLY when I see that we are down AGAIN (As if we are not now???) and I think WIlf is about to come out with another big puff piece to make it run. I"ll play it short term. But longer term? Avoid B management. That's my thoughts to myself, and to others.
And so much for "There will not be a reverse split". Was that anohter lie? Come on guys and gals. there is no "But things changed" to it. If hte CEo says there will NOT be, and then there IS, then what he said was not the truth. period. There is no "ohh, but he didn't MEAN to do it".
ANyway, sorry to hear of your loss. I hate to see people lose money, even when it is not me. But I DO understand some of what CAPT has been hanging around for. Becuase others Do hear the lies, and MIGHT invest, and if he has stopped a FEW people form investing, because they heard his side of the story, then those people probably should not be invested in this company. I hate what he says. But he is right more often than I would like to admit. A dilemma. Of dealing with B management...
mmm
<<Wilf ISN'T selling shares.
BTW why would he.
Their HIS shares.
Why take .006 when you can wait a week or two and get 3-4 cents a share.
>>
YOU really think it will be 3-4 cents in a week or two?
HOw about this. If it goes to 3-4 cents. NO, it is goes to 2.5 cents. Even less than you said. Then I'll stop saying WIlf is a bad CEO. If it is still under ... oh ... 1.5 cents in 2 weeks, You stop saying that it will go up in the near future.
Deal?
I hvae heard "Janaury is our month. We'll be back in the DR, and bringing up treasure. Yes, January it is" and "This is our week. 3 cents by the end of the week" and all sorts of things like that from people who think great things are happening.
This week was supposed to be the SECOND week of PAID people diving with our copany thorugh ExecuXcapes. Yet they are not THERE. WIlf and an employee said people are BOOKED. ANd WIlf said the income was enough to fund the company. Yet, last week he sold shares to people that dumped them yestrerday and today (Admiotted by him on the forum posts). SO, although people hate the word, and say it is harsh - Wilf lied to us AGAIN.
I'm looking for one push, so I can sell the shares i have. One pump from WIlf. But, as he keeps adding more shares to the market, it keeps the price down, in SPITE of things like GMA. And his LIES are TOUGH on the stock, as things he said that enticed people like me to BUY are NOT TRUE. There are NOT people lined up to dive in February, and paying the way for the boat to get down there. Yet I was told people were lined up. Just another lie. And we ALL were told that the shareholder meeting in NOvember or December (when was it again?) was a SEND OFF meeting, and the crew was heading back to the DR.
So I"Ll quit saying he is lying (And be out of the stock) if it goes to 2.5 cents. Not your boast of 3 - 4 cents. And you stop saying all these positive PUMPS like it will be ther in two weeks if it does not make it to even 1.5 cents by then. And that gives us from 1.5 cents to 2.5 cents to both save face if it is in that range within two weeks.
Does that sound fair?
RM
<<He has the right to inform newbies of the facts and of his opinions.
i.e: it is his opinion that Wilf lied. it is my opinion that Wilf's intentions were interupted by matters beyond his control.
it is fact that a PR was put out that Cap'n Tracy was leaving for the D.R. on February 1st.
it is also fact they did not leave.
it is my opinion the reason is reasonable>>
What about the PR htat said they were leaving in December? After the shareholder meeting, which was to send them off back to the DR?
The delays are not a week or two. they have been counted in months. And PRs that specifically said they would leave in early December are almost a quarter of a year off.
I guess I have to go with CAPT on that one. When someone gives a specific, and throws a PARTY to Do that specific, and months later it has STILL not happened - I consider that a lie. However, you do not. that shows your wonderful heart. I can accept that. Just be careful, as a big heart leads to people walking on it. ONlyh bad people would do that, but i think we have one of those running this company. His saying flat out that he has capitalized the compaany through a sale of his own asset in UT and would need to sell no more shares and then selling shares within a WEEk of that statement shows that he is not to be trusted. A gain, I know you want ot give him the benefit. But, saying none would be sold for the next foreseeable future, adn then starting a MASSIVEW selling campaign a WEEK later? Come on, RM. Do you not see any dishonesty in that statement?
I think you will go down with the ship, and when it finishes its downwrad turn you'll THEn be REALLY upset. I see that in you at times, when you vent. WHich is not saying a negative thing, just that you seem to vasillate between supoprt and at times frustration at reality. I just hope that at some point it turns and you come out of this okay. Maybenot whole, but at lesaat okay. Please don't let your overwhelming faith in people as a whole taint your judgment of an investment though. WIlf has lied. Period. NUmerous times. That doesn't mean the company can't do well, or that the stock can't come back up. Just htat he has lied, and you need to be able to see both sides of the company. I sese the positive good things that can happen. It is what is keeping me here. I also see the lies though, and htat has temperred my desires to invest. Just see both sides, instead of being so trusting thqat you can't accept the bad.
Good luck to you in the sotck, and all the things you do.
B,
I think more of what Wilf told you is not true. SOrry to say.
<<2) Executive Scapes...Executives pay $1,000 for 4 days to dive our site with our crew. All findings are the companies. According to Wilf this has already filled up enough to pay for DPBM for the entire 2008 year. Not sure when payment is made or when the executive's start diving. A>>
I called on the diving. I figured it was worth it to me to actually be able to dive on a real site. the dive I was interested in?
It was supposed to happen THIS week. I could not do it, but the gal I talked to there said some spots were already tken and some were still open. But ... DPBM is not THERE.
Can you imagine how i would feel if I worked it out and changed my schedule and did all I had to do in order ot go this week and there was no boat there to MEET me when I fly at MY expense to the DR?
OThers say "Oh, they must have changed it". My own opinion is htat they have no one signed up for this week. And there is not another dive for executives for MONTHS. So, although Wilf told you that it was going to pay for all of 2008, I think it is probably a lie. Because IF the trip was booked already, and they dind't show up, it would be a disaster. And i f they DID book it and then told people two weeks ago that it was changed? NO, that would NOT go well. The kool aid drinker (there. The first time I've said it) say it is not a problem, and have all sorts of ways that it is not one, but i see it as either no one was booked, and that made what he told you a bold faced lie, or people were booked, and DPBM canceld on this 2008 financing money within two weks of the trip. Neither scanrio would bode well for the company. Oh - or they did NOT tell the people booked, and they are in the DR right now, scampering for a hotel for teh week, or a flight back home (And I don't think that is the true reality).
Not good at all though. Somewhere along the way Wilf ws not honest with SOMEBODY.
Looks like the GMA spot is highlighting hte POlly L. NO mention of DPBm at all in that article.
I hope we get more exposure in the actual show.
I bet they emphasis the Polly though, since they have bee there for three years and have actual treasure coming up.
Do we think this was really worth delaying our trip to the DR for this? I hope it is worth it. We gotta get back to looking for TREASURE. Been months and months since we were acutally IN THE WATER.
Capted,
To answe your email, yes it is. And the company is now cparock. And owned by Wilf.
One and the same.
<<And these are more than likely clients that would understand how important this type of exposure is...
>>
Oay, let's put a little logic to that thought.
I'm a busy executive. I rearrange my schedule so that I can take my vacation on a specific week, and go tot eh DR. I buy a ticket to the DR, which most are non refundable nowadays. I get ready to go.
Then, five days before I am to leve the company I am diving with calls and says "oops. Wwe found something else to do tht week. Good for us. Bad for you. We can't do it.S orry". I understnad?
NOT.
I have my tickets already paid for. I have scheduled my replacements and severtaries all to do what needs done so I can gbe gone next week. I have it all worked out. Now they aren't going to BE there?
You think that is esay for them to do? I'll tell you what. It would not be something I would be understanding on. A nd I AM the type of person they are trying to get.
I'd be yelling aobut hte airplane ticket, the expenses of setting up the trip, and my time. As would MOST busy executives that need to plan their trips.
THAT is more like reality.
I still say that I feel they had no people. It is easier to do this if there were no people scheduled. And that means that the press releases about how ExecutiiveXscapes is going well and going to fund most of the 2008 budget was a lie. And it means that when they talked to me and said they HAD some people, they lied. And that is ot a good thing for managemetn to do. (Again)
But to say "Ohh, they would have called, and these people would understand" is just not true either. Executives are driven people that drive pothers and have a lot of responsibility on their shoulders. They (And I) would consider a phone call saying the boat would not be there, les than a week before the scheduled date, to be "unacceptable".
Period.
<<jrf please dont take this wrong but do you know anything about how they are booking these trips? if not why comment it does no good at all
>>
If you read my post you know i DO know how they were booking these trips. I wanted to GO on one of these trips. I GOT the information, and was a PROSPECT.
Don't assume that since what I say is negative that it has to be objected to. Sometimes the truth IS negative.
YOu say if I do not know to not comment, as it does no good at all. Does that mean if i DO know that i SHOULD comment, as it DOES do good? Actuallly, yes i think so. It shows a truth. And truth is hard to find at times within DPBM. Sharig, even when negative, gives more light on the issue, and that can never be a bad thing. Even if a negative thing.
"I", not some third party, not some friend of a friend, or someone I heard something from, but "I" wanted to go on this executive escape trip. I asked for the information. I recieved it back. I inquired more and tried to arrange my schedule to make it happen. I was the one told that it was booking well and there were a few spots left, so yes I could book it. Now, they will not BE there for this booking. Either they lied to me, or they lied to the ones that did book. Tell me how this is NOT relevant ot not something to share?
I am bullish on a LOT of companies. But, when bad things happen I don't try to put on blinders and say ALL things must be positive. At times, things are good, and at times things are bad. This is a BAD thing, in that either the 2008 funding by these trips is NOT going to happen as we were led to believe, or there are going to be a few people in the DR VERY mad at DPBM and they are people with MONEY that will ACT on their abandonment in a foreign country! (And I believe the first. That there were NO people on the trip. And our 2008 funding is NOT as secure as we HAVE BEEN TOLD. That is MY opinion.)
Don't try to make it out like I can't say something bad becaue I don't know what I am talking about. I talked to them about this trip and tried to be ON it. I know the dates and know they will not be there for those dates!
By the way, I have never once used the words "kool aid drinker" to describe a bull here. But, if you try to not acknowledge true facts from a first person source because you don't want to HEAR it, then that is why others DO use the words kool aid drinker. Be a bull. I'm fine with that. Just don't use the "I already have my opinion. Don't try to confuse me with the facts" approach. Recoginze that sometimes (including this time) this company says things that are later proven to not be true. It is a fct of this company, and if you want to invest in it you need to know that it is aprt of the make up of the company you own. But I still won't call you a kool aid drinker.
Only one week yes. But THIS week. I contacted them and was workking hard to get MY schedule rearranged so that i could go down there on the week they said they were booking. And they said they HAD people already signed up, and had slots for a few more.
So, if people are signed up for the escape, then don't you think they should BE there when the people arrive? They either do or they don't hvae peopl elined up. If they do, then they are abandoning them in the DR. If they don't, then the first week of ExecutiveXcapes has zero people, which doesn't bode well for it as a whole. Definitely not something where they previously said it looks like it will pretty much fund 2008 for them.
If I changed my schedule around and had bought my ticket to the DR already, and was told "sorry. W e won't BE there, because we are going to do a TV thing, and arrive a week later" I would not be a happy camper. SO the question is "How many people ARe going to be on this executiveXscape, and what are they going to do about it?" Personally I think the answer is ZERO, and they LIED to ME about having bookings for this week already and only having a few spots "left". And that is another yellow flag for teh company reputation.
LInda says the truth will come out in the end. But, when it does, everyone says "oh noooo, that wasn't a lie. They just changed their plans". the truth IS out. Either there are people, and they lied to them and took money and will not BE there, or there are NOT people, and they lied to ME, when Iwsa a prospect to go with them this coming week. No if and or buts about it, they lied. Not to mention that when they said it was going well and would fund most of 2008, I now think (Can't say this one for sure) that is a lie too. If the FIRST opportunity has ZERo people, it means it is NOT going "well", and odds of it funding most of 2008 all by itself are grossly exaggerated. IMHO.
Does anyone see the major PROBLEM with this delay?
yeah, yeah, it is for a good cause. But, what about the HARM?
What harm?
remember the statement that 2008 will be funded by the executives that were going to be on the dives and paying to be with DPBM? That was supposed to take place this coming week!
<<Cost: $2250 per person (does not include airfare to Santo Domingo)
Dates Available:
· 05Feb08 – 10Feb08 – Only 8 spots still available
>>
It was already booking up well ("only" 8 spots LEFT), and we had a press release saying it was going well. Well ... if there is even ONE person scheduled to go on this escape (And I was trying to arrange my schedule so "I" could go, but it didn't work for me) then we are bagging them.
We are funding 2008 from this executive escaptes thing, but we re not going to BE there for the executives to dive with us!
IS that not a PROBLEM?
Either there are NO executives planned to go on the trip, in SPITE of an announcement saying the revenue would fund 2008, OR there ARE people expecting ot go, and i woul dbe UPSET if I flew to the DR on my OWN dime and then there was no ship there to MEET me.
EITHER way, this delay means a previous press release bragging over the funding of DPBm for 2008 being paid for by the executives turns out to be a lie. And it makes me VERY happy that Febraury is such a busy month for me and I could not arrange my OWN flight down there. I"d be sitting at a hotel all week wondering where my shrimp boat was!
ANyone have an answer to this point?
PB,
YOu win. We lose. They did something we did not expect.
But ...
<<Have a Nice Day, your Broke>>
Don't rub someone's noses in it when they take a loss. You too did not "know" that the bank was not going to renegotiate with them. If you did it would have been insider information and your posting about it woudl be illegal. I don't think you did that.
I lost money. A Lot of money. Because i believed. But you don't have to be HAPPY that so many people lost good money. That just shows your lack of character.
I still admit that you win on this one.
That's his goal.
Notice when I ask him WHY he thinks it will go down to 25 cents, when they are expecting that much in positive EARNINGS in 2008, he doesn't reply. (A p/e of 1, o a stock that will have over a quarter of a billion in revenue for the year? I don't THINK so!)
He is not here for a debate. that has too much thought for him. He instead likes to just post statments without facts - just to say them. To aggravate us. To get under our skins. I've sen it before. Never reasons, never a solid conversation. Only an arrogance that the poster is right, wihtout ANY reasons TO be right, and an irritating way of posting.
So, don't get caught up in it. Don't let him get to you. He's not worth it. ALthough I have replied to him at times, I won't go to his level or play his game. I tried the normal way, by showing the expectations for RSFF for 2008 and the earnings potential, and all that is happening with the company. YOU know - showing facts that say this company has a bright future. He didn't care. All I got back was "watch and learn, pumper". He didn't say a REASON why what i said was not right. Just said a statement that was not backed by anything. Even when I said he was a broken record on the "it is falling like a rock" issue, all I got back that i was a pumper. There are no facts, no logic, no substance.
SO, don't let him get your goat.
In march, when 4th qtr is announced, we'll see some decent numbers. In May, when 1st quarter is out, we should see even better ones, with the lower insurance costs and no more reorg officer to pay for. By the end of May I expect this tock to be WELL above where it is right now. I won't goad him by saying "watch and learn" because he could care less. But, the reasons posted earlier are why I see this stock much higher by the end of May.
So ignore our little firend, like you would a pesky fly buzzing you. And we'll talk about releases as they come out, and news when it is out, and other things in between. Things about the company. Things NOT about DYNI.
Don't worry about our irrational bear.
have a great day. Laterrr...
To my knoweldge Don was never an executive with RSFF> He was an outside director, and that was all.
Do you have other information on that??
YOu guys need to take this argument to DYNI, since it is all about the press release of DYNI and the stock of SYNI. It has nothing to do with RSFF (Neither does Dan, as of about 2 years ago!) and is off topic.
I think the moderator should remove the posts as not pertaining to RSFF. (Ahem Derek) Shoot, it happened ot me all the time on DPBm when i posted something not related to DPBm. And that was the reson. Not related to that stock.
RSFF has enough issues to not have to deal with the issues of DYNI just because this is where you guys decided to hae this fight.
YOu can remove this post at the same time, since it will have nothing to do with RSFF once those other opsts are gone. Thanks.
P.B.
It closed at 74 cents. Up for the day.
Why is it that this stock has traded around 40 - 75 for a MONTH, and yet every time it has a sell order and moves down you say it is falling like a rock, and every time it goes back up you say nothing.
You have had this stock "falling" about six times now, and it is in the SAME range as it was before the FIRST time you had it falling.
It is not going above 75 cents because there is someone there selling short and stopping it every time it goes up. Check the short interest and it correlates to those trades. It hasn't dropped below 40 cents in a while either, as it has a few big buyers on that level. So, it is stuck in a range for now. But, even in a range that has remained constant, you find ways to say it is falling like a rock on eery sell order. Geesh guy, you sound like a broken record.
I'm sure you are going to say this is hyping the stock, when I'm admitting it is in a trading range right now, but in reality YOU are the one that is very biased. biased on the negative, and trying ot make it sound worse than it is.
Oh, and when you started, it was trading between 30 cents and 50 cents. It is actually not the same, but UP since you started telling us it is dropping like a rock.
At least you moved your 5 cent prediction up to 25 cents now. I think you are sitll wrong, but at least you have moved it up. And I don't mind you having a bearish opinion. Just don't htink you are blanced, in that every down trade ends with you screaming the sky is falling, and when it goes up again (In today's case int eh same HOUR. And it closed GREEN) you don't give credit that it is still the same level. ONly continue your chicken little routine.
I see earnings coming this year, and the stock a lot higher. YOU see lower, and your reasons are ... well, you have NEVER given a reason other than some guy that USED to be part of this company YEARS ago and is now in a different stock that you hate.
Sad