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Linda if Wilf sticks to his word we will move up nicely.
Hope your right Linda
Now that is more like it. That shows they will have a good bit of money on hand. Im sure they already paid for the new boat with selling tons of shares. Now the question willbe are they going to buy those shares back with the money from the deepscan? Im almost willing to bet they wont but it dont hurt to dream.
We the shareholders have literally built this entire company from the ground up. It is time for us to get some benefit out of this sooner or later. I think the sooner they can get back to the DR the better or at least that is what I am hoping.
I agree Gulfbreeze, now if they were able to stop selling shares and increaseing the float size it would be good for investors to.
And yet the float just keeps incresing right before our very eyes.
Capt Billy I wish you all the best on your surgery. I hope those arent cancerous tumors. Take care of your health you only get one shot at this life. Im not the most positive poster on here but its hard to swallow losing over 50k but I will promise to do better if wilf keeps trying to do better.
I take that as a new boat.
What else has wilf said on the deepblue blog? I only see what Linda posted here.
owell looks like they will sratch that last post
I hope all these sellers dont get a chance to get back in cheap.
How can he still sell shares? If the outstanding shares are maxed or near maxed and the 504d million dollar a year is maxed, how can he keep selling?
Thanks for the posts Linda. This is the type of info I been looking for. I wish wilf would have said things like this all along. If this post is honest and accurate there will be no more selling of shares at least for the next 5 months. Wilf stats he will use 500k of his own money over the next 5 months to cover expenses. Also he stats they have used 2 million in stock money thats a million a year which is the max on the 504d. And also he says there willbe no reverse split, so if this is accurate i for one willbe very satisfied. Plus he mentions the share buyback. That is a tough one to believe but i will do my best to believe it.
Comment Author wilf CommentTime3 hours ago
Well come to the shareholder meeting and find out. Actually let me shed some light on this for you. There will be no reverse split, the goal today is the same as yesterday. We will buy back stock with profits from the company.
Now you say what profits?
Well your right today there are no profits, but that is changing. Also I have put in a total of $383,000 (after last weeks accounting) of my own money so far and will continue to add what ever I need to as long as I can.
I have sold some stock and we have a larger float, but I don't know anyother way to raise extra money if and when we need it.
There is a light at the end of this tunnel, and I don't think it is a freight train. I will maybe hace some news at the shareholders meeting,
I'm the sole signing aithority for this company and so if there is a problem here it is mine and no one elses. Here is what I know. We have spent $2,000,000 now from stock sold. Plus I've spent $383,000 of my own money and will spend at least $500,000 more in the next 5 months before we turn the corner. So where does that come from, it comes from the sale of stock, or my pocket. I sold some land and put a mortgage on my office building in SLC we have used that to make payroll for the employees and pay for fule and work in the DR.
I do not take a wage from Deep Blue and also have sold other personal property to keep the boats on the ocean. I can do that legally and we keep good records of it all.
I will keep putting what ever I have to into this thing to make it work, and it is working. There is a lot going on and we are truley in the for front of the industry.
As I've said before, I've made some mistakes, but I think I know what they are and I try not to make the same ones more than a few hundred times, so we should be okay. Just stay with the stock price and if it goes down average your position, if it goes up and you make a profit, take some of it. Never invest what you can't afford to risk.
We are working hard.
Wilf
Rusty theres nothing more I would like to talk about, but its hard when good people are losing there butts because they believed the CEO of deepblue.
Capted you can read the article put out yesterday and you can tell that the Odyssey Marine owners and company dont take deepblue serious. And why should they all deepblue does is put out prs and flood the market with shares. The sabatoge there on stock and legally rob share holders blind.
Does anybody here doubt its deepblue selling pushing this stock lower? If so I got some properties I bought from wilf to fund deepblue I can resell you.
I was wondering why there has been so many sells today and I see the company put out news today. They sell into the news everytime. There is always onething you can count on and that is we will never go up if Wilf has anything to do with it. How high will wilf take the float will we hit 350 million maybe 400 million or 500 million who knows?
Oh yeah when will the float be 100 million again?
Another 922,300 shares sold @ .013 again gotta love that. It seems wilf is the only major trader of deepblue.
He says in that article released today the stock will be $1 again. That all they have to do is keep bringing up treasure. When are they actually going to start?
It says OMEX is the only publically traded company. The fishers dont have a stock symbol do they?
Here is the whole article
Odyssey rivals join the treasure hunt
While Odyssey Marine Exploration of Tampa reaps the rewards of its finds, other companies take to the high seas.
By SCOTT BARANCIK, Times Staff Writer
Published November 14, 2007
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Tampa's Odyssey Marine Exploration Inc. has been called America's only publicly traded treasure hunter. Deep Blue Marine Inc., whose over-the-counter stock trades via the lowly "pink sheets," begs to differ. Founded in 2005, the Midvale, Utah, company says it recently pulled hundreds of 18th-century coins off an undisclosed wreck in the Atlantic Ocean, is exploring several promising sites off Key West and soon will tape its own reality TV series. A five-minute promotional video featuring actor and investor James Brolin calls its slate of expert divers and researchers - seen striding toward the camera in identical blue slickers and khaki pants - the world's finest. "This is the team that's going to bring up the gold," CEO Wilf Blum tells viewers.
The fact that Deep Blue has yet to deliver a big payday means relatively little in the feast-or-famine world of treasure hunting, where investors routinely ricochet between hope and despair. Odyssey Marine, arguably the most successful company of its kind, survived years with little or no income before discovering the Civil War-era SS Republic in 2003. Today, its founders are multimillionaires thanks to stock options, and their success has spawned a handful of penny-stock copycats.
Odyssey Marine co-founder Greg Stemm doesn't see the upstart treasure hunters as competition. "All you have to do is look at the management, staff, track record and experience in the field to realize that we operate in a much different world than they do," he said in an e-mail. But the newcomers are marketing themselves aggressively, and none more so than Deep Blue.
Taken public via a reverse merger in December 2005, the company wasted no time trumpeting its arrival, issuing 15 news releases in February 2006 and booking actor Brolin on programs like The Tony Danza Show and CNBC's On the Money. In March 2006, company officials declared it would spend the summer recovering a centuries-old Spanish wreck that had gone down with an estimated $500-million in gold and silver, and claim a 20 percent stake of any booty. In April 2006, an independent research firm called Bridge IR Group breathlessly concluded that Wall Street investors should "strongly consider a stake in the company due to its severelypositively skewed payoff profile that is rare in terms of the enormous potential returns."
Little has turned out as planned, however. Deep Blue eventually abandoned the $500-million recovery due to doubts about the ship's identity as well as dangerous conditions at the dive site, CEO Blum said in an interview Tuesday. Unlike Odyssey, whose remote-controlled vehicles can descend more than 1,000 feet, Deep Blue uses human divers who cannot go down more than 150 feet. Bridge IR's report turned out to have been underwritten by an undisclosed third party for $7,000. Because it does not file detailed reports with the Securities and Exchange Commission, Deep Blue's finances remain opaque. Its stock closed Tuesday at 1.5 cents per share.
Blum, 55, has struggled personally in recent years. A real estate agent and land developer in Utah, he tried to capitalize on the "Y2K" pandemonium in 1998 by cofounding a company that made diagnostic software. Blum forecast that publicly traded Commercial Concepts Inc. would rake in $10-million in 1999; instead, it did just $260,000 in business. Blum resigned as president and chief executive. A subsequent shareholder lawsuit cost him $25,000.
In 2002, Blum filed for Chapter 13 bankruptcy reorganization, claiming nearly $150,000 in business-related debts and only $4,000 in personal property. The case was dismissed after he missed two monthly payments.
Despite setbacks, Blum remained characteristically optimistic in a conference call with investors last month. Asked to forecast Deep Blue's stock price, then trading at 2.7 cents, he predicted it would climb to "well over a dollar" when the company starts selling some of its artifacts.
"Alls (sic) we gotta do is keep bringing up treasure, and we've proven we know how to find it," he said.
Scott Barancik can be reached at barancik@sptimes.com or (727) 893-8751.
Good find JEFF K
I especially like this
Odyssey Marine co-founder Greg Stemm doesn't see the upstart treasure hunters as competition. "All you have to do is look at the management, staff, track record and experience in the field to realize that we operate in a much different world than they do," he said in an e-mail. But the newcomers are marketing themselves aggressively, and none more so than Deep Blue.
Blum, 55, has struggled personally in recent years. A real estate agent and land developer in Utah, he tried to capitalize on the "Y2K" pandemonium in 1998 by cofounding a company that made diagnostic software. Blum forecast that publicly traded Commercial Concepts Inc. would rake in $10-million in 1999; instead, it did just $260,000 in business. Blum resigned as president and chief executive. A subsequent shareholder lawsuit cost him $25,000.
In 2002, Blum filed for Chapter 13 bankruptcy reorganization, claiming nearly $150,000 in business-related debts and only $4,000 in personal property. The case was dismissed after he missed two monthly payments.
And this is the track record of our great leader? Gotta love that.
I never understood how you can short a penny stock. Maybe that is what wilf does buys it and puts out bogus prs then shorts it once everyone figures out he lied again.
Linda Wilf is never silent. Everytime he talks a lie comes out so its hard for me to think they are not intentional lies or complete deception. For years now we have been told gold coming up soon, more going on wish I could tell you, millions in side jobs never happened, the deepscan will be fixed in 2 weeks and its 6 months later still not fixed, theres going to be an amex shell, now theres not, we are going to buy the float because a friend said that would be better, still no share buy back, no reason to dilute shares anymore past 150 million now we are at 300 million. I mean the list is so long and so are the lies it gets old. The only thing that deepblue is doing right now is ruining all their reputation, pushing the company towards bankruptcy, or reverse split because of the relentless dilution that will never end. Deepblue has been diluting shares for 2 straight years none stop and they are diluting more now then any other time in company history. And this is a time wilf has said they are not diluting.
wave I only repeat myself when it happens. Are you looking at the sell orders pour in again today? I post it when it happens because this christian ceo keeps saying he is not selling but yet he is. He keeps getting proven a liar. You can call me what you want but dont call the guy ruining the company anything makes since.
wave hard not to be when the company keeps selling shares everyday.
This Capt Joe having something on wilf is probably more of wilfs christians ways? Why would a proclaimed christain have anything to hide and allow someone to hold something over his head.
People this stock will not move up at all with Wilf selling over 1 MILLION shares aday. Wilf keeps saying he doesnt need to sell but that has been nothing but one lie after another. He has been selling and is selling. He is going to bankrupt this company or force it into a reverse split if something doesnt change soon. He can show all the pictures he wants but until the selling stops we have no chance. he isnt protecting sharehholders value at all not even a little bit. Im sick of all the share buy back talk that is just more bs from the owner himself. Noway in in this lifetime Wilf will ever buy the float back down to 100 million shares. All these lies he keeps telling is the farthest from christian as you can get. He does not deserve a pass from any share holder in my opinion.
Gulfbreeze do you know how this works exactly.
Can someon explain the outstanding shares to me. The outstanding on September 26th 499,923,790 On October 18th they bought back 3 million restricted shares and put them back into the treasury. On Nov 5th the outstanding shares came down to 499,173,790. That is a total of 750,000 shares decrease in the outstanding share total. Shouldnt it be a 3 million share decrese in that os total?
And it looks like the stock is fighting a losing battle wilf is deepblue enemey #1 The float is getting so high now its just getting rediqulous.
How could you not agree? The one thing that cant be hidden are the numbers explain them to me?
Its the same ole story time after time and yet most of you still dont get it. Wilf sells shares until the volume slows. He releases news to get some volume then sells into the news. time after time when is everyone going to wake up to this? he is bleeding the company dry
Yeah I wouldnt want to blame the selling on the million share a day average wilf has sold over the last month.
Wilf tells us things all the time then dont stick to what he said so what is his word really worth?
I really dont think wilf is in a hurry to get back to the dr. If he was he would not have let capt joe go on vacation and he would do exactly what you said Ed but you and i know neither will happen.
Thats right yardboy, they dont have a boat. That is why they should have declined capt joe a vacation at this time. They should have made him wait until the deepscan was done.
LOL I hear ya Dutch. I don't know anything about him. He just seemed honest on the old blogs. A hard find from deepblue it seems.
I still miss Truman. What is he upto these days?
I remember that episode well
Capt Billy i really do appreciate your posts, honesty and hard work. this is the type of stuff that got me to put so much money in deepblue in the first place. I really hope the boats are ready to go by the end of Nov so you all can get back to it. I promise believe it or not I dont want to say anything bad about deepblue. But im not going to sit around here and cheer along fairytales and dreams while all mine and others money diesappears. On your last post alone capt billy I will stop talking negatives at least until the end of the month. Unless i see more massive dilution then i wont be able to help myself lol
Thats great news Capt Billy finally a positive anything else?