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Rooster I hope you are wrong, but that is the popular belief.
Hey Ed yeah I just got in and looked at it all. That is some really neat stuff. Emeralds and gold yeah almost as good as canons lol
The pictures of the artifacts look good. I cant wait until we get to see these new coins. Does anyone know when they are going back? Like an actual date? It would be a good pr to say we are going back to dive the wreck that yielded 400+ coins on Nov ___
Waterboy im not up to my old or new self. I call it how it is i am truthful. When Wilf says one thing then another one I catch it. Do you want me to stop doing that? I don't want to be deceived again or anymore. I just want Wilf to be a straight shooter. Be honest is that to much to ask.
Pretty good trading day. With about 1 million shares sold at .02 it didnt drop any. So someone seems to be accumulating.
So more company spin for the most part. i thought I remember him saying they found about 5 million already.
Rustys mate that statment you just said would be saying Wilf is a liar. He clearly stated several times they spent 1.9 to 2.4 million dollar over the last 2 years and they found more then that in the last 4 days. What do you make of him saying that?
Its funny to me how Wilf is always making peoples imagination run wild. I guess its an ok thing until the truth comes out. Wilf stated this to be a Merchant ship which we know its not. He said it didn't have a manifest then he says he knows everything about it. He says it will take 6 months to salvage it now closer to 18 months. He said they get about 50% of the take which its really 38%. When will it end? lol
Wilf has been saying 6 months to fully salvage this Terrys wreck. In this pr he stats several months and on and off site for the next 18 months. So what does that mean? why go back and forth off a site for 18 months if you will have salvaged it in the next few months. This sounds like spin to me.
We have the return trip planned and as soon as we can make some alterations to the boats, we will be on our way back. This job will take several months to complete and we will be on and off site several times over the next 18 months as we work around weather patterns and boat repairs. It's always a challenge when you are using old equipment, but we are more than capable of getting the job done.
Anyone notice that when the stock is dropping there is always late day and after hours sells. But like yesterday there were no late day and after hours sells. That tells me that the company was selling shares that mms were accumulating. They must know that the selling is at least done for now and they take the stock back up. This seems to be the pattern ive picked up here.
How long will it take the coins already found to be completly cleaned?
I doubt they received any income from shooting the pilot. The pilot alone cost over 100 thousand they said. just hope they get a deal signed and they will get some income then.
I also hope we get good news tomorrow. But i dont know of anything good to report. They are working on editing the pilot, they are working on getting back to the wreck site so no diving has occured. Maybe someone has picked them up for the series even before its finished very doubtful but i dont see alot that could be big news right now.
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.
Waterboy whys that do you hope it sinks? lol
Waterboy whys that do you hope it sinks? lol
You are right to a point. There will be no need to do a reverse split if the company does not sell any of the restricted shares that would be great. But im just not sure if I see that happening. If deepblue sells there restrcited shares they will be able to take the float to 500 million. That would be just as bad a r/s. The only way the investors can win here is if he holds the restricted shares and buys back more open market shares like he keeps claiming he will do. I guess in Febuary when the shares are open to sell we shall see what Wilf does. It will be another time to start watching the float to see if it increases again. Wilfs track record ssays he is going to sell until he cant no more. Hopfully things will be different this time. Its sad to say but the reason people are so sceptical of buying is the CEO himself. If we knew for a fact he was really done selling shares this would be a very good buy. But like Gulfreeze said he doesnt report so nobody really knows.
Buying restricted shares back that are restricted is a catch 22. If the company holds them and don't sell them it was worth the buy for investors. But if they bought them and just sell them themselves its no different then the others just keeping them and selling them. The way it was written we bought back shares and put them back in the treasury is just a way to make it sound much better then it really is. If in Febuary Wilf sells at least 3 million shares of restricted stock we will know that buy back was not for the investors but just to take more money from investors.
I sold some of my other stocks and freed up about $20,000 dollars. Is this the time to buy another 2 million shares of deepblue? I would love to hear some of you tell me why I should buy with facts not assumtions.
Gulfbreeze is deepblue unable to sell anymore shares under any programs until the restricted shares become avaiable do you know?
Maxjda when will they get back to the DR
I have always complained about the deep scan. It has probably costed us alot more then it is worth to be dry docked. Ad that in with the money paid to the people working on it and it really gets outragious. i hope it helps find millions cause it is one of the biggest expenses deepblue has and its not even working for us yet.
I don't think Wilf will wait for any reality series to pull up any treasure. If anything he will pull it up and film it himself and work it in somehow. But he isn't going to wait for no camera crew to bring up anything.
Capt Billy if you were referring for me to go easy no worries. i love deepblue and I know you guys are kicking azz to get things up for yourselves and us. My only problem is I think Wilf over hypes things and talks out of both sides of his mouth at times. I think he used serious salesmanship to get alot of people to invest in this company no matter what. But my only problem is with Wilf, I look forward to your posts. At these current prices I see no reason not to buy. As long as Wilf does not do a reverse split or issue any more shares to hurt us the investors i would be willing to forgive and forget all bad things i ever said. And that is even after im still down over $25,000 dollars.
My only problem with the company has been the rate of dilution and their burn rate of the money. If they can get both of those under control I would be very happy. Im sure we all would. Im not going to cheer lead a company that says one thing and does another.
If someone wants to send something to the company that i say send the post of what coldraind said its flawless
Nobody knows. 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. They're selling shares left and right...perhaps. The stock price will be well over $1.00 next year, in theory. The only thing for sure is that it's all speculation and intuition, at this point.
i dont care what anyone says. Coldrain this is the best write up ive ever seen to describe seep blue marine. This should be printed on the deep blue blog also.
Nobody knows. 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. They're selling shares left and right...perhaps. The stock price will be well over $1.00 next year, in theory. The only thing for sure is that it's all speculation and intuition, at this point. I guess that's what makes this fun. In fact, I think you can pretty much sum it up like this:
Positives I see are alot of sells dont take the price down much. And the fact that it dont take alot of buys to take it back up. That seems like more people are wanting in at the bid which will hold the price up. Anybody have level2 to see where are the bids are
Ive noticed the sells everyday ah also. Who else could it be if not Wilf?
Why are there so many selling this morning? Did I miss something?
If deepblue is willing to buy 3 million shares at .01 does that mean anything around .01 is a buying op? Should we be reading between the lines here?
Rusty sounds like fun im jealous. I would love to go to key west and do some rec diving.
Did deepblue sell shares to buy shares?
Thats a lot of money. Where did deepblue get it?
Rustymate im not ED you know it and I know it. I never even met him. But I do take ED for his word. I will miss him posting. I think he was the most honest employee deepblue had. But to set the record straight i have never met Ed.
Coldrain right now your guess is as good as mine. What im hoping is they bought them back cheap because they are thinking by the time the are unrestricted the stock will be much higher then they paid for them. Either way its not a big deal for todays stock price but its good in making me think they are going to have a much higher stock price in 08.
Somedaay what does all this mean?
Disclosure Category
No Information
Primary SIC — Industry Classification
5500 - Retail-Auto Dealers & Gasoline Stations
State Of Incorporation
NV
Jurisdiction Of Incorporation
USA
Year Of Incorporation
2005
Company Officers
Wilf Blum, President
Cohwen Eggli, Secretary, Treasurer
Randy Champion, Vice President, Dir.
Number of Employees
8 as of May 8, 2007
SEC Reporting Status
non-SEC Reporting Company
Fiscal Year End
12/31
Estimated Market Cap
7,185,385.685 as of Oct 16, 2007
Outstanding Shares
463,573,270 as of May 8, 2007
Authorized Shares
500,000,000 as of Dec 16, 2005
Number of Share Holders of Record
535 as of May 8, 2007
Float
150,801,187 as of May 8, 2007
Current Capital Change
shs decreased by 1 for 100 split
Pay Date: Feb 25, 2004
Dividends
Div: 0.108 sh Automotive Capital Group, Inc. for each sh held
Pay Date: Jun 28, 2004
Record Date: Jun 23, 2004
Company Notes
Formerly=Uniprime Capital Acceptance, Inc. until 12-05
Formerly=Flash Automotive Acceptance Corp. until 12-04
Formerly=UniPrime Capital Acceptance, Inc. until 2-04
Security Notes
Capital Change=shs decreased by 1 for 20 split. Effective date=10-16-01
Transfer Agent
Standard Registrar and Transfer Co., Inc.,
12528 South 1840 E.
Draper, UT 84020
Investor Relations Firm
Stock Information Systems
7665 So. 700 W.
Midvale, UT 84047
Good point here Rooster. I just hope this is not the company share buyback they been preaching for so long. I will admit it does show they are willing to do some of what they say. Thats a good sign for investors. Now lets hope they get the money to buy the float back down to 100 mill.
Ok im out of here be back in town Monday to see how our great deep blue is doing with all the kept promises.
Coldrain I dont have a problem with a company selling shares. I have a problem with every cc Wilf says hes getting 850 from this property sell 600k from a refinance, he has money to get by on for months ive heard him say years. He will say this on a saturday and Monday comes and he starts the selling again. That is my problem why does he have to keep on misleading and lying compulsivly to his investors. Hope and anticipation of good things like the tv show is great but i cant stand the lies. Im not bringing up old stuff all the time it keeps happening over and over. It just seems like im bringing up old stuff.
I never tell people to buy or sell i dont care what they do. I just think investors should know what they are dealing with. Over and over we have been mislead for years. if deepblue would just do what they say 50% of the time we would have much less problems here. These major false hopes of deepblue buying the float down to 100 million and getting the stock to $1 without a reverse split seems like a fantasy to me. And i haven't been proven wrong yet.
Cold Rain this is a good thought out post. I think you nailed it right on the head.
You make a valid point, and I appreciate the response. I asked the question to see if there was any real thought being put into the accusation of dilution as opposed to just crying Dilution, Dilution, Dilution all of the time.
Anyway, Wilf would sell the shares and get $$$$, hence dilution. Of course, that makes sense. However, if we are to believe what he says on the conference calls though, there's no need to do that anymore, given the recent discovery(ies). Instead, a buy-back is a more favored move. Of course, that is assuming he is honorable and is telling the truth. And if you spend more than five minutes reading these boards, you certainly find those who believe he is being truthful and those who believe he is a liar, out to steal all of our money and sneak away into the night.
I guess that's why you should never invest in anything because of what you read on a message board. One thing that is interesting to me, though, is that with the recent announcement of the discovery, the recent very positive conference calls, the strong possibility of a TV show, which would create a lot of exposure...with all these positive things...why would there be a huge block sell at the end of the day today? There would certainly seem to be no great reason for a person to sell 2 mm shares today. Seems like the best time to do that would have been a couple of days ago when the price was higher. I would think that unless you just needed to raise some quick cash, this would not be the best time to sell, unless you knew the stock was going quite a bit lower in the short term. Anyway, that seems a bit fishy to me, suggesting that dilution may continue to be a possibility, even in light of recent comments by Wilf. I guess we have no real way of knowing though.
Anyway, thanks again for the comments, Pink. I appreciate the dialogue. I still continue to believe that this company has great potential, and I think the stock price will reflect that in time.