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Not quite. Because increase in float does not mean sold in the open market. Just unrestricted.
However, there is a deeper problem. I'll repost that again in a sec.
Smendt,
I'd like to clarify another error that is on the board. Just for information sake.
CAPT, you wrote <<May 8th float was 150,801,187 tightly held :)
Nov 28th float was 320,094,143 really tight now:)
That = deepblue has sold on average 1,085,211 shares per day every>>
Actually, that doesn't mean DPBm sold ANY shares. IN reality, they HAVE, but those numbers don't give you the real number. Here's why.
If someone registered restricted shares, or if any restircted shares come off restriction, they are then added to the float. Does that mean they sold them? nope. Just that they are no longer restricted.
So, seeing the float increase does NOT mean that those shares were sold. A gain - I agree with you that shares HAVE been sold. But, you taking those two numbers and making an assumptiont ath you know the total of shares sold is not right. It may be close, or it may be way off. YOu don't know. Those numbers do not tell you how many were sold.
By the way, I am in the middle of a registration of MY shraes for a public company (Not DPBM) When the S-1 is effective, the float shall increase by the number of my shares (and a few other people). But, I am not selling ANY of those shares at this time. C ould I? After the effective date, yes i could. WIll the float show those shares as now avaialable? Yes it will. the float shall rise.
But 1) the ocmpany will have sold NO shares to make the float rise. and 2) I too will have sold no shares, even though the float will rise by my shres.
ONly because my shares go from restricted to unrestricted.
SO, if certain shares werew released from restiction, then the float goes up. Whether those shares are sold or not is irrelevent.
(This post is to explain the mistake of thinking that the two numbers can give an indication of how many shares have been sold for ANY company. Not to say that in "this" specific case that shares have not been sold. Just that the assumptions made on these two numbers are made in error of the facts.)
Rusty's mate.
I think to answer 1,000 questions a month is HARD to do. NOt because the quetions will be toughb, tu the TIME involved.
How about you take 500 and I take 500 each month and we get the answers and then pool them togehter to send in for each of us? When we win you can have the shelby and I'll take the cannon. I'm okay with that.
Smendt,
A lot of the information I can state comes from my own experiences. I worked at Merrill Lynch first as a broker, then a VP, and also as a trainer of their brokers. I left Wall Street to start my own management company, and I still do that. I manage two private partnerships that invest in lots of things. Mostly real estate and I've also added a smattering of Venture Capital to the mix (read: start up money long before an IPO, to small companies that hopefully make it to the IPO stage and reward me handsomely). I find that I can get better deals and higher returns for my investors with what i do now than being stuck in the stock and bond markets as my only real alternatives, like at Merrill. My returns last year were about 40%, but this year will be closer to 15%, thanks to the decreases in the real estate market. I've had a few years over 100% though, which helps the average.
That's why I at times come on and answer questions of a technical basis. And why when somoeone say something that is not facutally correct concerning a stock issue I try to correc them. I won't tell someone their opinion is wrong, but if they state a "fact" that is incorrect I try to point it out as not right. Also, when questions are asked about things like Increasing authorized shares, or some other capital question, I try to give an answer. I've just dealt with it for many years.
And answers on diving and treasure? LOL. NOpe, nothing there. NOt when it comes to water hunting. Never did it, would llove to spend a few weeks with the crew, but have no answes. only questions.
That is a brief synopsis of who I am, without saying too much. If I can answer some questions on stock, I'll do so on the board. With bad typing, but at least with good answers. LOL
$5? That would be wonderful, but my thought is that next year they make $0.30 per share in earnings (As you say. Assuming no stupid accounting debacle!) and the stock trades at about $3.50 by year end.
Which is still a LOT higher than the $1.01 it is at right now. Or the $0.32 it was at a month ago!
I'd like to see a good quarter first. The first quarter (The fourth this year should also be decent, but the year is not gonna look good, after the first two quarters of bad results with the reverse versus forward merger garbage)
Then, after a good first quarter, then we can build off that and have a good second one. ONe quarter at a time. But, I think we'll see all positive quarters in 2008, and about 30 cents net. So, it is trading at a forward PE of about 3 if I am right.
IF
Last one for today, and then I have to get to some trading. (NOt of DPBM today)
<<I thought this was an annual shareholders meeting, because they have never had one and I thought that was an SEC regulation.
>>
The SEC doesn't require an annual report until you reach certain levels of corporation. Most pinks do not have annual meetings.
And annual meetings are required to have letters sent to the shareholders at least 30 days before the meeting telling them what is going ot happen at the meeting, what proposals shall be voted on, if there is a board of Director (BOD) election at the meeting, and also give a proxy to each shareholder in case they can not make the meeting.
There will ber no voting at this meeting (Although Wilf still controls enough to decide all votes) and no proxy or schedule was sent out. This is just an open house. .
Gone for now. Need to work some.
MAXJDA
<<Can Wilf disclose anything at the meeting that has not been put out in a PR?>>
Yes he can. Because it is a "public forum" and all were invited, he can say something that is a new announcement. And if it has any significance to it, then it shlud be followed up with a PR for the general press too. But, things are discussed at shareholder meetings all the time. remember the release of the new Apple at the Apple shareholders meeting a few years back? (Okay, maybe a LOT of years back now!)
Bottom line and your answer - It happens often and yes it is legal. And then a PR can go out the same day or the next day saying that "Wilf Blum, CEO, said at the shareholder meeting that ..." Or just the PR can be released too.
This is what?
<<this is suppose to be a shareholders meeting. Where everything about the companies future should be discussed. Good and Bad. This isn't suppose to be a get together to sugar coat everything>>
I take it you have not been to many sharesholder meetings. LOL. NO, seriously, although one would logically THINK that a shareholder meeting is for the good AND the bad, in reality it IS a time to sugar coat everything and make the comapny look good. PLus, this is NOT an annual meeting. This is more of an open house. At the annual meeting, they talk a little about the previouis year's finances. I don't think (I"m guessing now) that they will do that here. Instead, I think this is just an open house to show off the positive things of the company, make a few announcements that are all positive, show off the new boat, send the crew off, show off a few artifacts, whether in picture or live (Like a cannon that needs cleaned), and give everyone a warm and fuzzy feeling.
Don't think of this s a hard hitting meeting. It doesn't happen. I've been to TOO many annual meetings, shareholder meetings, and dog and pony show meetings (This kind) and can tell you that although your logic is correct, reality will NOT be that the good AND the bad is discussed.
Smendt.
<<You saw the contract? If so, in my mind 'reauthorization' would be the 1M worth of shares.
>>
"reauthorization" would be a corporate resolution that would change the number of authorized shares the company can issue. It happens often, but still is something that needs a BOD vote. I don't remember if it needs a shareholder vote or not. But, if DPBM changed their authorized, I think a LOT of people would assume that they shall USE that new authorization, and there would be massive selling of teh stock.
I know I would sell on the news. Let the dust settle, and then see if I could buy it cheaper. If at all. But,with the track record of diluting that has been done, if there was a reauthorization it would be a BAD thing, IMO.
However, WIlf has said it would not happen, and also it is a more complicated measure than you think. So don't bet on it happening .... at this time. (Yeah, wilf worries me at times. LOL)
Capt Ed,
You write <<On Jan 6th of every new year ( The anniversary date of the start of DPBM ) The company is allowed to issue itself enough new stock to be able to sell for $1 million dollars during the next year for opereating expenses>>
I don't think they can do it in Jnauary 08 only because they have hitt he limit on total shares they could issue. Even though they in the past could do so, they still have to live with the authroized limit of shares. They can't, by charter, add more shares once they hit that.
Of course, if they didn't sell so many over the past 2 years they wouldn't be IN that position of having already used them all, but now that they ARE at the top of the authorized limit, they can't issue more shares unless they change the corporate charter.
Knowing Wilf, he will find SOME way to sell more shares! But, I don't think they can do it the way they have in the past, only because of the cap on authorized shares.
IMHO.
I too was told that the series is a go, but that it is not ready to be declared yet. They are holding it for the meeting.
I guess if they tell enough people before the meeting occurs that it won't be much of a surprise AT the meeting. S till, I will feel better after it is totally public knowledge and more blanks are filled in.
More NEWS
Deep Blue Marine Announces the Format of the Treasure Hunting Trivia Game
KEY WEST, FL, Nov 27, 2007 (MARKET WIRE via COMTEX) -- Deep Blue Marine, Inc.
(PINKSHEETS: DPBM) is pleased to announce the format of the treasure hunting
trivia game beginning approximately Jan. 2008. It will consist of 1,000 questions
per month that will require 1-2 word answers. For example, "What was the name of
the French ship that sunk on October 18, 1782 in Samana Bay?" Answer: Le Scipion.
The person who answers the most questions correctly wins the car, the second
place wins the Cannon, third wins the sword.
The trivia game will start prior to the reality series. Questions will be of
historical nature, i.e., sea battle, sailors, pirates and nautical history. There
will be 1-2 words placed on the database and only the correct answers will be
recognized, with a minimum of 12,000 questions over the year. In the case of a
tie, a tie breaker will be created.
For further information contact: media@alldeepblue.com
For those interested in this company please go to http://www.alldeepblue.com
R.M. - What type of patients are they that you see?
38 patients in 2 1/2 hours? Wow. Are you drawing blood, or doing screenings? Since you brought it up I'm curious. What type patients are they?
PB - What ARE you talking about?
YOur post made no sense to me. YOU address someone as "Tom", and youar e talking about a 1 for 10 reverse split. Are you sure you are on the right board??
RSFF is not talking about any reverse split at all. And, with the increased revenues from $30MM to $260MM in the past two years, plus now finally back to positive earnings, I see them moving up pretty nicely on thieir own. (Not 10 for 1, although I WISH! lol)
Now the ask is at $1.00. Since I was posting how at $.32 it was way too low, and then my last post two posts ago talked about how it was double that, at $0.69, now to see it at $1.00 is quite the move. A nice move for many of us. ANd i own a LOt of shares of RSFF.
I"ll be even happier wheni t hits $2 per share. And I DO still see that coming. No, no, no, not with a reverse split. LOLOL. What Are you talking about??
have a good week PB.
Bought back in
The shares I sold out on B's purchases last week were all bought back in again yesterday and this morning. I figured I'd sell out on the good move last week and see if it would come down again. It did, so I bought back. Not a great deal of spread, but a little.
I will stay in through the investor meeting and send off to the DR. I'm hoping for some GOOD news at the meeting. And maybe a bounce after it from people who start buying again.
Plus (OT) for those that are interested, my RSFF has moved up again. I hope some here looked at it. Up to $0.75, from the $0.32 that it was a few weeks ago when I first mentioned it. With earnings expected of $0.30 per share next year, I see it going a lot higher, so I'm sharing it with others on this board, in case you want something else to look at. Do your own DD, but IMO it is a great buy. If you don't like it, no problem.
Now, go DPBM and let's see how the meeting goes!!
It is 5%.
I'll call you.
It's not a speech CAPT. It's a lesson in capital financing.
If a company sells shares, the outstanding and flaot go up. If only the float goes up, then it is an individual that is selling shares, and the money goes to that individual, not the comapny. therefore, the money can not be used by the conmpany to buy the boat.
If you say that WILF is individually selling HIS shres, then that money woudl still go to ... Wilf. And if he let the comapny borrow it to buy the boat, then it is no different than if they borrowed it from a bank. It woudl be borrowed money. But, the company is not selling hsares to pay for the boat. they COULD, IF they had any to sell. But, they have sold all they had, and there are no more (At this time) available for them to sell.
Yet, you have said about 6 times inthe past 10 days that they comapny is selling shares and that is why the sotck is going down. that the comapny sold at the close the other day. that the company sold in AH the day after that. that the comapny was probably on the ask today with a large order.
the company has no shares to sell. Can you not admit that? Do you not understand corporate finance? No, I tke it you don't YOu are a CAPT. Well CAPT, if I were talking about how to unencrust an "oreo" to get to the coin below and kept saying the same thing over and over again, adn you knew it to be wrong, wouldn't you tell me that I was wrong? rality is that you would probbly be RIGHT. I don't know about recovery from teh sea. Or being a CAPT. But, I know financing. I spent a lot of years on Wall Street, and that is my background. And I know that it is IMPOSSIBLE that the company is selling shares to finance their purchase. So, I'll lean on your understanding of the sea, but you need ot be lesss arrogant and realize that others may know more than you do about FINANCE.
Your statment is wrong, and you continue to make it. I have given you the reality and facts that show WHY it is wrong. That the comapny can't be selling shares. Can you learn, or are you too full of your own thoughts to entertain the idea that anyone else's knowledge can be greater than yours?
32 cents a share WAS bad.
But, we are up 100% since then.
(And have a LONG way to go to get back where we belong!)
Posting posive earnings again though was a nice thing. And saying that they are making money in the 4th quarter and anticipate earnings to show positive growth finally is also a good thing.
Maybe in 2008 we can EARN 32 cents per share. Instead of TRADE at 32 cents per share. Wouldn't THAT be a nice pop for us from where we are at now?
Paintball.
You ask <<Is RSFF or NWAU a good buy lol.>>
I personally think RSFF is a GREAT buy. I don't know about NWAU at all, and I looked at SOGN a long time ago and passed, but I think RSFF is a wonderful buy right now. And I have REASONS.
It is not because Dan or Don or Scott are great. But, because RSFF has gone from $30MM in sales iin 2005 to $260MM in revenues (GAAP) in 2007, and are now finally coming out of the horrors of the reverse split issues with the SEC. That set them back a LOT. And I like it because Dan has nothing to do with RSFF at this time. And because Don is still a director of RSFF but has lsss and less to do with it every day.
Ron Heineman is in control, and has put his OWN money into RSFF. He has backed the lines of creidt, worked his own money into the deal, and been a major boost to the company. try to find THAT in Dan or Don! And Ron sold a private placement in RSFF a year ago of which I was an investor. (My disclosure. Im LONG in RSFF, and HOLDING. Actually, i've been buying a little more here and there) Because I believe in RSFF. I am DOWN on it right now, but believe it is worth a LOT more than it is showing right now. So yes, I think RSFF is a good buy.
WIth $260MM in revenue this year, and earnings which I think shall average over 5 cents per share net for the next 4 quarters, I think RSFF shall work itself back to the $3 range. It is $0.60 right now (Up form $0.23 a MONTH ago, by the way.) so that is a long way to go up. It has a forward PE of THREE (3) according to my guesses on earnings from here. WIth the growth in revenues plus the earnings coming back again, and the fact that it will be in a different league than before since $260MM in revenues will draw some attention from some bigger players, whereas $30MM did not,
I see RSFF coming back STRONG from here. I'll repeat that I'm not giving ANY praise to Dan or Don, but RSFF should come back based on its OWN merits. And based on the CEO that they have now, not who they had before. (PLus those huge increased revenues and expected earnings!)
That's my take on RSFF. ... You don't want to KNOW my take on DYNI. Sorry, but I don't have a good one on DYNI. So I'll not post it here. Better to say nothing than something bad. I wish others felt that way too. Good luck on it anyway, even though I don't like it at this time. I hope you longs make a fortune on it afterall.
Tell me more about this Dan. I Know he was involved with Smarts Oil and Gas and I think he is gone for there now. But, what did he do with Resolve, and did he truly GET all those shares, or were they taken away from him?
I agree that the stock deserves to be about $2 right now, and $3+ in a year. I think part of the reason they are down now though is the screw up of the merger with ELS, not becuse of Dan. They seemed to be doing well until that happened. They had a nice gain for 3rd quarter 2006, and then the merger happened in the 4th quarter, and it all went to heck. NIce to see it finally coming OUT of that, and I think that with the higher revenues now ($260MM this year?) and turning back positive in earnings that it is a JOKE that the market cap of this stock is at $11MM. How many other stocks trade at 4% of revenues? None that I know of!
Anyway, tell me more about Dan and how he fit into RSFF. That was before my time and I don't know enough about that situation. Thanks.
The best CC I've heard from them! EVER
They are meeting their senior loan requirements, which was a concern. They are looking at a few MILLION in EBIDTA going forward per quarer. that is GOOD.
The restructuring charges of $800K are going down, as they "wrap that up" as he called it. that is good, as they are almost finished with what the bank wanted. Good.
The insurance and workman's comp fees were renewed at a much lower cost, dropping the one time charges that were high in that area.
All in all, Ron gave more information than in the past, and it sounded good.
FINALLY!
He even said the words "We hvae turned the corner on our restructuirng and are optimistic about our future".
I'm still down, but still optimistic. And feel next year we will have over 20 cents in earnings. At least 5 cents per quarter. And that will make us a $3 stock, IMO.
Sorry to sound like a broken record, but I'm still bullish, in spite of it going down so much. It went down on the STUPID things that happened in the reverse merger (or is it a merger now?) and now that Ron says it is behind them I thin it goes back up to where it was. And my prediction is htat we hit a new high within 18 months. Maybe sooner.
Yep, still a bull. ANd buying a few more shares when I can down here.
Just my opinion. Rose colored or not, it is my opinion.
Gulfbreeze,
It's not semantics. It's the definition of words and the misuse of one.
<<Whether you want to call it dilution or whatever is Semantics it does make a big difference>>
It would be like calling the sky green and then saying "Green. Blue. It is only semantics." No, one is right and one is wrong. If shares enter the float, that does not cause dilution. Period. It's the wrong word, just like calling the sky green would be wrong. that is all I am saying. And that is not semantics. that is using a word properly vs saying something that is not factually true.
I was clearing up the usage of a word that is not used correctly. One more example, since this one I hear and see a lot. "It was literally raining cats and dogs out there". People say "literally" ALL (hyperbole) the time when they mean the OPPOSITE. They mean figuratively, but to emphasis it they say "literally". So I wsa pointing out that CAPT continues to use a financial word incorrectly, and accuses Wilf of something that is just not true. I'm not even defending Wilf! Just the usage of a word incorrectly. Not semantics.
Night. I"m going to bed.
<<Yet still the Float jumps up in leaps and bounds>>
Which does not dilute the stock a single bit.
the outstanding remains the same. therefore the per shre numbers, whether it be for earnings or for equity positiions, remains the same.
WHy do you think float and dilution are in the same sentence?
Capted,
<<I have invested over $15K of my own money in a company that is in a partnership with Tom to salvage it. And no, I am not a partner in that company, just an investor.
>>
Son of a gun! I ASKED Tom if he was looking for investors, and he gave me a little bit of information, but then never mentioned it was time for money to be excahnged. And I know -B asked the same question, and was not given the opportunity.
SO, I take it that partnerhsip is now fully funded?
CAPT.
YOu have said over and over that Wilf is still diluting the stock, every dfay, even now. That sir is just not true.
The outstnding shares are 499MM plus. The authorized is 500MM. Therefore, Wilf is NOT selling new shares into the market and diluting the company. He CAN NOT.
YOU say that he is selling 1MM shares every day. Maybe that was true in the PAST, but it IS NOT TRUE for today. It was not true yesterday, and it won't be true tomorrow.
DIlution is an expansion of the OUTSTANDING shares. If shares change hands, even from restricted entities to non restricted entities, that does NOT dilute the company. The earnings that any companmy makes is divided by the outstanding shres to come up with an amount per share. that number is STEADY right now. So, PLEASE stop saying that Wilf is diluting the shares on a daily basis. You may have been able to say it in ignornace in the past, but now that you know that it is PHYSICALLY IPOSSIBLE, if you continue ot say it you are stating a falsehood KNOWING it is a falsehood. And that would make you no better than you say Wilf is.
there is no more dilution going on each and every day, as you claim. PERIOD.
Can you live with that? That what you are saying is wrong? Surely your ego lets you learn new things and adjust statements that you are making that are incorrect, does it not?
PLease stop sayin gWilf is selling shares still each and every day, diluting the company. there is NO shares lef tot be sold (right now) and therefore NO dilution on a daily basis happening.
Thanks.
NiceRat - you win.
<<I bet my grandmothers Oldsmobile Cutless that RESOLVE shows a profit in 3rd Qtr of 2007.>>
Whereas I said
<<Third quarter should show an operating profit, but I don't know about a net profit. they still were aruging with the SEC over the stupid rulings on merger versus reverse merger. that took a lot of one time charges for new audits and attorney fees. >>
I didn't think they would make a net profit. I knew of too many charges and one time expenses. Yet, even in THAT environment they DID show a small PROFIT. So, you win!
And I greed with you that the fourth quarter should show a NICE profit. So, there we are in agreement.
I"m just happy they surprised me a little to the POSITIVE for 3rd quarter.
3rd quarter is OUT. small net PROFIT.
I was a little worried that they would show another loss, but they eeked out a small profit. And the forbearance agreement says the 4th quarter will be a much BETTER one. By stipulation!
Just going form a $4MM loss to a gain is a NICE thing though.
Hopefully this move from $0.40 to $0.60 is based on the turning around of the company and the fact that they are starting on the right TRACK again!
Revenues were through the roof by the way. (Just that expenses went up with them, taking away a potential bigger profit)
Come on Resolve ... we need some big numbers ...
Yardboy,
I just want to give you some information, because you are printing something that you think is accurte, but in fact is not. I hope you don't mind the correction.
<<
L2 as follows
.015 x 4
.0165 x 1
.018 x 4
.02 x 1
>>
That is not really true. And here is why.
If the MM that is on at .015 also has orders at .016 or .017, they do NOT show on level II. The reason is that only the best bid (Highest) and offer (Lowest) show for each MM. So, for example, although you see that there are NONE at .019, there COULD be some more sellers there but they happen to be with the MMs that are already showing their best ask at either .015, .0165 or .018. If they were with a different MM, then they would show up now, of course, but if they are with the MMs with better asks, they would not show up.
I know that when you look at it you can't see it that way, but it is the way L2 works.
FYI.
NOw, let's see if we can move it to .03. .04 and .06 on L2 in the near future.
-B is not missing. He is just not posting as often as he was. Which is a SMART thing when you are busy buying a stock. I persinally think he has divulged more than he should have, and maybe he is deciding to not lay as many cards on the table at one time.
He's not "missing" though.
You are close to correct. ONe asterik I would add is that control is 50.01% of teh VOTING stock. SOmetimes a company will have a small amoun tof preferred stock outstanding that has almost no value, but has 100 votes per share versus 1 vote per share of common. Or a company has some restricted shares, and those resticted shares can have a caveat that they can't be voted for a period of time. Or that the comapny (managment) maintains the voting rights to those restricted shares for a period of time. I saw that just this past week on a deal. Shares were offered at a lower price than the market, but the votes were stripped for a period of 18 months and given to managment, so that those shares could not be voted against what management wanted to do.
It has variations, but in general what you said was true.
I wouldn't say anyone over "$0.03" would lose money, but yes, this company could be bought out and a lot of people could still lose money.
Even if they voted against a buy out or merger or whatever type of recapitalization occurs, if the majority votes for it, it happens to the whole company.
Just information. NOt stating one is happening, or where it would happen. Just answering your question.
have a good weekend all.
I can give a guess.
<<I'm just curious...can anyone tell me what would happen if the company was purchased and made private?>>
If someone bought the company, they would probalby start by acquiring shares in the open market, since this is a pink. ON a larger company they might go straight to announcement and price talks, but on a pink the premium is normally higher so they want some lower shares. they would add until it is time to file a form 4 (been there, done that. sucks). At the time of filing the form 4 they would have to state their intentions. Then, the deal would probably be announced and the stock price woukld rise. If the eal were consummated, it would be taken private. If not, it would fall back. Many sell upon the news, since it could fall bak. Some hold and get what the offer is, and sometimes a third party comes in and bids it higher. I would think that before any announcement were made on DPBm that they would talk to Wilf and get his support. So, then the deal were announced, it would have management approval and all of wilf's remaining shares would vote for it. It would pass, and happen. WIlf wouold move on to other endeavors, since his love for THing may already be satisfied, and the new team woudl take control of the company.
Then they would burn our infamous dry docked deep scan and start over. Ohh, that one was extra. LOL.
That's how many PINKS are bought out.
So B, you working on a consortium for a play? Email me if you are. I think a play could be done for much less then FMV and the returns could be decent. I'd have no interest in a lead though. Just supporting player. Working too many other things right now. You have my email.
the company is not offering ot sell any shares right now.
I already called to ask about a cross. And a potential PIPE if they needed it.
NOt at this time was the answer.
So those T shares were not the company selling.
WT,
I asked you for informatoin about your wreck, and said that if you gave me something worth looking at that I might fund you.
I got your reply that said it sounded good, but nothing since then. So I'll put it here again.
I have very little invested in DPBM compared to Mr B. But, my overall portfolio is larger than he exposed in that one post (And I'm not saying he exposed it all either. No reason to, and I for one will not ASK him to. That's HIS business) and if you had something I think Mr B and I could fund you together and we'd work something up as to plits and all that.
But, I have not heard back from you.
So, are you looking for funding, or are you not? I put it on the public board now instead of in an email, and shall await your reply. It would be a long road betweeen asking and funding, but I am at least asking.
I'll agree for fourth quarter. Third quarter should show an operatin g profit, but I don't know about a net profit. they still were aruging with the SERC over the stupid rulings on merger versus reverse merger. that took a lot of one time charges for new audits and attorney fees.
Now that they FINALLY put that behind them, I see ALL quarters in the future being positive. But, 3rd quarter might still show a loss, dpending on fees and charges.
Well see.
Either way, they are WAY cheap at this low level. Even though I'm in it at a higher price, I still like the company, and feel when they right the ship it shall be a nice move back up.
But what the report said I still think is true.
they WILL get a boatload of money from teh reality show if it is picked up (odds 1 in 3?). And they DO have some "treasure" on at least two different sites. PLus more in the future.
I personally think the company has had a lot of troubles, and is slowly working itself out of those torubles. They will get their boat(s) back in the water, pull up some artifacts and maybe a few more coins, and we WILL see it go to $0.06.
And I wasn't even paid to say that.
I am a bull, but I can't get excited over the Beacon report.
I'd LOVE the stock to go to $0.06, but it says <<Beacon has been compensated a total of seven thousand five hundred dollars directly from Bismarck Consulting for enrollment of DPBM in its research program. >>
Pay ME $7,500, and I can say something positive about ANY company.
SO, although I hope it goes up, the "research" report doesn't float my baot.
YOU want?
<<
I WANT THE NAME OF THE PRODUCTION COMPANY
>>
What "you" want doesn't dictate what a company does.
You are asking for something that they have decided at this time to not make public. End of story.
yOur 'wants" don't matter to the company. NOr do you have a "right" to know something just because "you" want it.
Questions for you CAPT. Not attacks against what you said. Just questions asking where you get the information you have to say the things you said. I’m looking for clarification.
You say <<I call it how it is i am truthful>>, and that you wish Wilf did the same. I’ll take you at your word that you are telling us the truth. Thank you. Now, since you have made some bold statements that contradict what Wilf is saying, please tell me where you get your information on the following posts you wrote. Your answers will help me with my DD, since if what you say is “truth” it will affect my overall thoughts on the company. Which is why I ask you to show me where you came up with these statements.
<<There will not be a company share buyback>> You write that as a fact. As part of your truthful "breakdown of the company". Please tell me how you found that out, since Wilf says there WILL be. I know he said it will be in 08, after they sell some of the treasure, but you arelady found out that it will not happen? Cool. Where's your information come from to make such a bold and truthful statment? Thanks.
<<there will not be any real pictures of silver or gold ever put up probably just junkie artifacts>> Have you seen the items brought up? Please tell me about the coins especially. I was hoping some were silver or gold, but you are stating in truth that there is no silver or gold. Bummer again! Just junkie artifacts. Please tell me how you found that out. Your information is amazing, and since it is truth I just need to know how you know that already. Plus, have you seen the scans of what else is down there? You obviously know that there is no silver or gold, since you falt out say it in all truthfulness, so what have you seen. Share it with us. Again, thanks. That will help me determine if WIlf is telling me the truth or not.
<<there will not be a major reality show happening here>> Oh, and I had hopes for that one! Were any of the studios they talked to interested at ALL? How’d you find out so fast that the show was not picked up?
<<Did he really find treasure worth 5 million or more? I would like to believe him but all signs lead to NO>> This one is good information for me. Please tell me what "signs" say there is no $5MM treasure there. You reference them but somehow forgot to put them in there. He is saying they brought some stuff up, and it is worth some money, but you say in all truth that the signs lead to NO for a nice $5MM treasure. YOu capitalized the word no even. So please tell me what signs. I missed them, and would love your expertise in showing me which signs point to "no".
<<water boy are you serious? you think im a paid basher for telling the truth?>> I’m sorry someone thought you were a paid basher. But, your information is just so different. That’s why I want to get it, so I too can know this truth and nothing but the truth.
<<Waterboy do you want to try and debate things wilf has said and done with me?>> You are asking (someone else) to debate the truth with you. That’s great. That’s why I want to get all these things you are saying. The truth will come out, and so I am asking you to give me the story behind what you are writing, since you are printing the truth.
<<honestly hope that all you people dont think cause Wilf is on vacation he cant sell more shares. he is still diluting shares>> Wonderful investigative reporting there. You found out that he was selling shares while on vacation. How many shares did he sell? Come on, give me the truth. YOU say he WAS still diluting the company, even while on vacation. Just tell me exactly how many shares he sold, and how he did it since the company is at the limit of 500MM outstanding. That will help me to see how much dilution I need to deal with when they raise the minor little junkie artifact treasure that you told me they have. To see if it is enough to lift this stock anyway.
<<That is my problem why does he have to keep on misleading and lying compulsivly to his investors>> that’s why I’m asking YOU to tell me things. YOU said falt out that he was diluting shares while on vacation. And since you only tell the truth, I know you have to know it for a fact, instead of misleading investors or potential investors. SO, did you get which day and how many shares he diluted while gone? What’s the final end number on that one? :-0
That's enought for now. WIth these answers I can gain a lot of insight.
Board monitor: I am asking questions about the COMPANY. This man said some bold statments about the comapny, and then said that WIlf is lying and he is tellingt he turth. I want to know whether this is fact or not, and I am asking him. But, the questions are not about his heritige, his reputation, or his accuracy. they are about DPBM and what he knows about the firm. If someone is allowed to post that he has facts that disagree with the firm;s PR releases, and that post can stay on the board, then someone else asking him WHY he says those things, and asking for clarification, should ALSO stay on the board. Do you not agree? And I took care to NOT insult CAPT, but to treat him with awe and respect over the knowledge he obviously has about this comapny that I and others do not have access to. So, please allow this message to stay ot eh board, so I can get some good answers and some DD on this company. Thank you.