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With the news out today that they have started recovery. And have already brought up several hundred coins ... that would tell me that you probably won't be able to get many more shares below $.02. I"m surprised you are not on the bid at $0.02 right now, picking up a few more shares at that level. It seems like they can be had there.
I"m also surprised that this first bit of news didn't run us to $0.025 or $0.03. Everyone has been saying for weeks that he is NOT on top of anything, and that if he was then it would be differnt, but that he is lying. Well, now that recovery has STARTED, I thought maybe someo f those guys would jump on. I guess "not yet".
Recovered several hundred coins.
NOt a bad start!
And work to do for the next 18 months, although most of it should be out in the next few months.
<<recovered several hundred coins and many valuable artifacts, which have been cataloged, photographed and turned over to government officials as per contractual arrangements>>
Gotta like it.
You are correct on the coloration of the encrustation.
-B,
Email me. I can't send you a message and would like to talk to you.
gomeljohn9@yahoo.com
Thanks.
John
YOu are adding to the equation.
Again, the question is "what is a reverse split and is it negative". You wrote MORe than JUST a reverse split. You ASSUMED that ALL reversse splits then have to do MORe than just htat. Let me show you <<xyz needs to raise capital so they decide to do raise money and do a reverse split. 1) They decide to do a reverse split of 500/1. If that's all they did, the company would have 1MM shares worth $5/share and you would still have $10K in your account. But 2) they sell 200M post split shares to a funding source for $1/share and 3) give the CEO and other principals of the company another additional 500M post split shares to make up for what they expect to lose by the reverse split. >>
YOu are mentioning THREE acts. The reverse split was act #1. the second two are conjecture. They MAY happen, and DO happen at times (Althought hat is a LOT of "funding money" required for a merger) but they are not part of the reverse split. Only #1 above IS the reverse split.
If you add that 4) The CEO then runs off to the caribbean and screws the company then that makes it even a aWORSE thing. But, that has nothing to do with the SPLIT. That is managment. A split is only the first item. And MANY times that is as far as they go. They do the split, raise the price, and life continues on at a higher price. SOmetimes they are shorted, as you said, and sometimes people sell them. Yes, that happened. And I agreed that a MAJORITYof hte time a stock goes DOWN after a reverse split. I'm understandint that. But, the items you mentioned as potentially happening AFTER the revers split are just that. "Potential" AND "after". They are not he split itself.
Well, my amount of posts for the day is done, so I won't repsond any more today. The free service only allows so many posts I guess. LOL. Talk to you tomorrow or the next day.
<<If a healthy reverse merger, the larger company is piss poor and the small company is filthy rich. Do you see DPBM as filthy rich?>>
I don't see DPBM doing a reverse merger. Who are they going ot BUY? Odessey?
The question was "what is the differnce between a reverse merger and a reverse split". I answered that. There is no thinking of it happening with DPBM right now though.
<<Ok, now ask yourself where the funding comes from to do such a merger? It's called dilution, dilution big time. >>
NOt true. Big dilution? No. If a company with 5MM in revenues buys a company with 20MM in revenues, graned the investors own a lesser portion of the new company. But, it is a smaller portion of a bigger pie. The overall affect in a GENERAL reverse merger is that the investors gain a larger company, but own a lesser share of that bigger company.
As for the costs? Yes, that has to come from sonmewhere. And the buying company needs to make sure they can aford it, or they have to sell some private shares to fund the costs of the merger. Most times if it is two pink sheets it is a merger, not a reverse merger, as neither is worth anything. But, most reverse mergers are not between two pinks. Many times one is private, or on a larger market. Also many times they BOTH are bigger (SIRI and XMSR for example)
But it doesn't automatically mean big dilution. Becasue the pie is bigger.
Rusty's mate, you asked a question.
A reverse split is when the company changes the number of shares outstanding and the price of those shares by a specific stated ratio. They can do a reverse for any number they choose, and the resons they do it are myriad. Let me use an example. If it is a 1 for 5 reverse split, and the stock is trading at 2 cents per share, then an owner of 100 shares would own only 20 shares after the split, but the price would be adjusted to 10 cents per share the day the split took effect. You own only 1 share for each 5 old shares you used to own (Hence the 1 for 5 designation) but the price is adjusted by the inverse of that, which is 5 for 1. So, 2 cents becomes 10 cents.
IN theory, a split OR a reverse split doesn't add OR take away value from the investors. You own 100 shares at 2 cents or 20 shares at 10 cents. The total value of your stock remains the same. Either way it is $2.00 worth of stock. However, most of the time it becomes a negative event, both because people believe it to be negative and therefore sell the stock after a reverse, and also because others see it at 10 cents, think it is a better price than before, and sell. The negative implications are the bigger reason of the two. That means that a majority of the time a stock goes down shortly after a reverse split. Where it goes longer term is normally determined by the future events of the company, and not the reverse split.
A reverse MERGER is TOTALLY different. It sounds the same, but it's like a treasure company sayig htey found loot versus saying they found a foot. the words are similar, and only one letter is different, but they have NOTHING in common. ONe is positive, and the other doesn't bode well for whoever LOST that Foot! Anyway, a reverse merger has nothing to do with a reverse split.
Basically a reverse merger is when a company (COmpany A) buys a second company (Company B), but the second company is larger than the buying company. The SEC requires that it be considered a reverse merger, meaning company A is considered to be BOUGHT, not buying on future accounting reports. Yes, A still buys B, but the books have to show previous quarters and years from B, and also B remains the standing entity after the merger.
NOrmally when A buys B and B is larger, they do it as the reverse, to keep the SEC happy, then legally change the name of the remaining entity to reflect the name of A, so that the name doesn't remain as B.
Don't worry about reverse mergers. DPBM is not talking about one, and it is not something that needs worried about.
Reverse mergers only occur is the buying entity is smaller than the bought entity, and although DPBm is smaller than MOST entities, I don't know of anyone they want to buy right now.
Whereas merger splits tend to be treated negatively, reverse mergers can be good or bad, depeding on who is buying whom, and what price is paid. If the synergies of the merged entity are better than the two comapnies were themselves, then the stock oes up. If they have difficulty integrating the two together, it sometimes causes short term strife and the stock goes down. there is no pattern though that can be relied on beforehand.
DOn't let someone that probably doesn't even know what a reverse merger IS tell you that both are bad things, because they are not.
Back to the revers split, which is the only one DPBm might do. A reverse split CAN be a GOOD thing TOO. At times, a company will do a reverse split to get the price higher so that it can attract institutions, or to meet price requirements for an exchange (Like the AMEX or NASDAQ NM) or to just generate some excitement about the comapny. It also DOES lower the number of shares outstanding, which then makes the company more attractive if later they plan to sell shares in the open market. Not a lot of large players would buyu a company that already has half a BILLION shares outstanding. Too much dilution. SO, cutting that by a ratio of 5, to 100 million, would make future shares look better, and could incresae the value of the sahres we have.
Will DPBM do a reverse merger? Nope. Will they do a reverse split? Maybe. Wilf has said he wants to buy back shares from the treasure sales (Which would be in 2008. maybe even not until 2009! and NOT in 2007 for ANY of these shares from the treasure sales) and drop the float (Not outstanding) to 100 million. That would be about 150 million shares. If he does that, then the company will trade higher on its own, from the buying pressure (Just like it traded down by the selling pressure when he sold shares) and the reverse split would not be neccesary. So I think a reverse split is possible, but not known at this time.
Does that answer your question?
Another incorrect post.
reverse mergers are NOT like reverse splits!
<<Meaning of Reverse splits & reverse mergers
It means all your money goes in reverse. That is the simplest way to put it. Dont let anyway try and tell you any different. R/S & R/M are only good for the company they are the worst thing that can happen for investors. Thats why when this is announced everyone sells asap.
>>
People do not sell on a reverse merger notice. YOU can't take one word that you understand and lump in another just because it has the word "reverse" in it. If a company buys a smaller company, it is a forward merger. If htey buy a bigger company, it is a reverse merger. It does not mean it is bad for investors. It does not mean everyone sells. most times on a merger merger it means a small comapny is getting into the bigger game, and is a positive thing.
Plesae don't lump reverse mergers in with reverse splits. It is a totally different animal, and to say they act or are the same is just not correct.
Your extreme pessimism to ANYTHING that you hear is overshadowing the turth in this case.
I agree with you on reverse splits. But <<Reverse splits and reverse mergers accomplish similar things>>
Buying a larger firm (A reverse merger) has nothing to DO with a reverse SPLIT.
Nice little rise at the open.
Up 3.5 cents? Wow. that's 24% no matter how you look at it.
Let's hope it stays here, or goes higher.
I bet it is people who sold when WIlf went on vaca, and now are buying back in the hopes of an announcement coming out again.
It was a 1908. Add to that a 1902 found 3 weeks ago. Two Indian heads now.
I bought $1,000 of pennies for my Ryedale that came in yesterday. Working on that, and will post about it some on MOnday on Treasurenet.
J
<<Have you ever been treasure hunting?
>>
Oh yeah. I've done some trasure hunting. Not only sites like you mentioned you guys were working when you hit that rabbiot fence, but some bigger stuff too.
In fact, I used to have a column in Western and Eastern Tresures called "Cache Corner". I wrote every second month about cache hunting. Never covered shipwrecks in my articles, but did a lot of other topics. I still write for them rarely (Just did an article this month on ski slope detecting) but not on caches any more.
Yeah, I know. I write terribly on this blog! LOL. But that's because I type poorly, type fast here to get the posts up and out of the way, and I don't proofread my poor typing. I know how to spell. I jsut can't type as well as I wish I did. When I write for magazines, I think about grammar and proofread my typing.
I've searched for my share of treasure. And found a few small things. Also backed a few bigger things that didn't pan out. But, you gotta try.
Off topic ... I found an Indian Head penny today. Not a big treasure, but still a nice find. And found it in a roll of pennies from the bank. LOL.
As they say - treasure is where you find it.
And yeah, I've done some treasure hunting.
<<But until we see concrete evidence, I wouldn't recommend putting your life savings in this company>>
Even if (when) most of that happens (maybe not all) I still would not suggest putting ANY "life savings" into this company. Or any other high risk venture like this. This is a good risk, IMO. But, it IS a "risk". A HIGH risk.
I put some minor money into this, but it is not even a part of my speculative portfolio money. It is my "more risky than risky stocks" money.
I'd say 1% of someone's portfolio is too much for a stock like this. Even as a bulll. Because of the risk. Other money should go ito more solid companies. Granted they can't make the return of this if it all hits, but it is just not wise to put much into a company of this risk level.
IMO.
Now, DPBM, go to $0.15 and we'll ALL be happy.
Just a clarification, since you seem to dismiss all statements from the company as unknown items.
<<That's the beauty of this company...nobody knows anything: There's an upcoming reality show...probably. There's a big stock buy-back...maybe. They've found valuable artifacts and coins...possibly>>
The pilot for the reality show was already SHOT. So is it in the works. A bsolutely, not "probably". The stock buy back is something that may or may not happen, but it is supposed to happen after they SELL some items formt eh wreck they are on now. WIlf said he wants to use a large chunk of the proceeds to buy back shares. The fact that it haas not happpened yet doesn't mean anything, since nothing has been sold as of yet. As for artifacts and coins? WIlf said they are already bringing UP artifacts, and a few coins. Did they find something? OF course they did, since they are bringing them UP. NO "possibly" to it.
Your dismissal of everything that the comapny says as only a potential of being real is not a fiar representation to someone asking the question. The answrs are 1) Yes, the reality show is in the works. But, we don't know if it will be picked up by any channel or not. They ARE moving forward on it htough. 2) The big buyback is planned for the future, not yet. 3) They've found valuable artifacts and coins? Well, we know they have found something, and WIlf is very excited about it, but the exact content is unknown because nobody likes to say they found big treasure until it is SECURED. As Wlf specifically said - otherwise you end up with a lot of other boats trying to take your treasure.
NOthing "iffy" about those things, and nothing "unknown". Just normal business for any treasure company that has a find.
That's a different interpretation of things to give different answers to the questions. :)
sorry spark. I;ll do better.
I find your posts very offensive. They state unequivicolly a stataement, like it is a fact, and yet you have no reason, logic, or proof that it is truly a fact.
Here is the one I am talking about ...
<<he is still diluting shares there will be no company share buy back damn wilf tell the truth for a change and stop deceiving investors with all your garbage>>
He IS still selling shares (Emphasis mine). YOur words. That is a bold statment my friend. Considering that the outstanding was at 499MM and the authorized is 500MM, where is he GETTING shares to "sell". Yet, you say flat out that he IS selling them.
You are accusing him of securities fraud. Plain and simple. You also call him a liar and deceiver. These statments are ACTIONABLE, and I think that at some point he might decide that you are libeling him. It has happened before. People saying things too often on an internet site have been cited for libel or manipulation of their own. Companies are going after people that are bashing them and stating things as fact that are not fact.
You say he is still selling shares, in spite of hitting the legal limit. PLease tell me where your proof comes from. If you accuse a man of illegal activity, at least try to show SOME proof of your claim. Otherwise, ... well that where the libel comes in!
So, please tell me 1) HOw he is doing it, since they are at the legal limit of what they can sell, and 2) How YOU can possibly KNOW this for a FACT. Do you have insider information? Surely you are not Wilf's BUDDY, with your thoughts of him. Has he confided in you something tha the rest of the world does not know? Would he? Or are you stating a thought that makes no logical sense, since he is at the limit, and no legal sense, since you are libeling a public figure on a public board with nothing to gain from the statment made?
If you can prove that he is still selling, and pushing us over our authorized limit, or that he held a covert shareholders meeting and changed the authorization level, then show it to us. Otherwise ... just shut up!
<<Is it that hard to tell the truth?>> Apparantly he is not eh only one with this problem. YOU say he IS selling shares. Share with me how this is ANYTHIGN other than a lie. Please. Otherwise, why would I want to listen to someone who is a PROVEN liar when he calls a second party a liar? WHo is deceiving the investors? YOU are, since youa re saying something that is "not true" (ANother way to say a LIE).
WIlf is not selling more shares, as the limit has been reached. Show me otherwise, or stop saying he is.
Credibility is earned. Do you thkk YOU have any when you write easily proven lies? Show me the proof, or just shut up and move on!
Okay?
<<I am sorry if that offended anyone>>
Talking about God and Him having a plan for ALl of us?
Preach it sister. NO offense taken, and a statement that is true AND needed in this world.
Tom,
I'm a latecomer into this board, and although I have read some of your posts, you don't always make sense to me. So I am going to ask a few questions because of my ignorance. Remember - ignorance isn't stupidity. It means someone CAN learn, but they haven't been brought up to date on that specific topic as of yet.
So, bring me up to speed on the topic. No, not the "I had a contract with Wilf, and it would have made everyone millions, but he screwed me" part. The part about how you DO have a wreck, and want to salvage it. You wanted DPBM to do the work I take it? And you thought they would, but then they backed out?
If so, then my first questions is "Why havn't you brought it to someone else to do the work?" Tom I'm serious. I mean that questions literally, not as a challange or sarcastic. Even today, why not get someone else to salvage the wreck you are sitting on, instead of staying all worked up about a company that you thought would do it in the past and did not? I'm sure Wilf is not the only boat in the sea. So, what's keeping you from moving on? Are you looking for your own investors? How much would it cost in your opinion to get the job started and bring up the first items? How long of time?
I guess I'm asking you to explain your wreck to me, instead of explaining your relationship with DPBM. I don't need to know that you used to be courting them to work the wreck with you. Just what it would take to work it NOW, and how you would go about doing it.
It would turn your wreck into a treasure tale on this board instead of a disgruntled ex-partner on this board ... and it might bring you an investor or two that are willing to talk to you about potentially bringing the salvage back to the table.
What say you? Interested in "talking about your baby" and what you have, instead of "getting board (sic) trying to inform you of a crooked interprise (sic)." ? Tell me positvely about your wreck, and what you have.
Thanks.
Rusty,
I agree.
The stock can rally from here. The company has rallied. The company FINALLY has something of value happening to it. The relaity series is a GOOD thing. And the Scipion is a great thing. It may bring us tons of profit, and it may only be a little, but it is better than what they did LAST year.
And the buyback will happen with some of the sales proceeds, because this company doesn't have much overhead compared to most other companies. No inventory, no POs and not even much equipment.
So I am bullish. It may takea while, but I think the longer term picture of this company has changed. And that will move the stock higher as it slowly sinks in that Wilf has finally hit something and has gotten his act together enough to bring it out of the sea.
Bullish!
JRF
Actually, WIlf doesn't have 20MM more shares to sell. The outstanding was 497MM, and he put 20MM into the treasury from his own pocket to keep some there for the future. He said in the CC just last week that these 20MM shares will NOT be sold at these levels. And in fact, he is hoping ot BUY shars, not sell them, back INTO the treasury. Granted, the word "hope" means I put no credibility in the buy back yet. Let's see what happens when things are sold off and money starts to flow. that will be a while. But, I don't see the compnay selling those 20MM shares right now, so that it snot true.
YOu can't say just because a company has shares in the treasury that they will sell them. And when the CEO SAYS that they will not, and he is hoping to BUY, then that is actionable if he sells them.
I don't think the past has ben great for Wilf. I think he has decieved, whether on purpose or not. But, he seems to be tryingot do the right things now, and he has done what he said he would do ... lately. And I don't think the 20MM shares shall be sold.
And if he BUYS for himself, then he is a net buyer of shares, not a seller. A good sign.
HOw can you say <<The only real winner is Wilf.You win a little, he wins fortunes fortunes....WT>>
If hte stock goes up, WIlf's stock goes up and our stock goes up. If hte stock goes down, our stock AND Wilf's stock goes down.
yet, you are saying that he is saying things to make the stock go up so that we lose money and he makes money.
Can't happen! One shareholder can't make money whiel anohter loses money. To put it in your words - a rising tide rasies all ships. An ebbing tide lowers all ships together.
So tell me how your statement that Wilf is scamming us makes sense.
thanks.
<<2.8 million in volume in the first 10 minutes of trading>>
I was about 20% of that volume.
It doesn't take $$ much to add a large amount of shares at this level. LOL.
Hopefully in the future those shares will be worth much more than they are now.
This is a risky stock though, so I"m ready for the bounces.
Hopefully bounces up on the PRs. And I"'ll hold for 60 days, for Wilf to get back from Isreal, for more news, and for teh TV series to be announed. May hold much longer than that, and may add more, but will not sell these shares whether up or down int eh next 60 days, as I see some good PRs coming out after that time. IMO
<<Potenial I will give you but it may take more than a few years for that to happen....G>>
If in the next 6 months they do three things that they alread say they ARE doing, then potential will turn into reality.
First, with the merger already done, they shall do over 200MM in revenue next year. They need to start showing some of those numbers. Since it happened 10/1, the first release showing those numbers shall be about March 15th. the 4th quarter. Then again on May 15th, the 1st quarter numbers. With those two numbers both out and showing the MUCH higher revenue AND the positive earnings they said they will have, i see this stock having ot be a LOT higher than it is now.
Secondly, they mentioned a move to an excange after the merger. Now it is done, so time ot move. that will give us more liquidity and also allow some bigger players into the picture.
Third, all they have to do is perfrom as they already ARe performing. Keep things going smoothly, and the earnings SHALL be there.
If they (we. We are owners, right?) can move to the AMEX or NASDAQ, show the revenues, and keep the earnings up, then it will be close to IMPOSSIBLE to keep the stock down. Think of this. Revenues of 200MM, earnings of $0.45. Sound like an $8 stock? Well, it is the revenue projections and earnings estimates for BOTh the stocks known as RSFF AND the stock known as IFON. Yet, IFON is trading at $6.50 AND has backers saying it is going to $20 per share. And it has BEEN in that direction once already. yet RSFF is at $1.70. tell me which one is undervalued?
We got merger news. We have FINISHED merger.
Yet no $3.
But ... I see it coming. Yes, I see it coming.