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You base that opinion that mexp is going to go from .0005 to .0008 on what?
No more 0.0004s! Very soon no more 0.0005s! Then we see .0008 again!
We KNOW the o/s is at least 593,302,644
That was reported direct from the transfer agent before the company gagged them.
The following should alarm anyone looking into this dog with fleas company MEXP.
The 10-q which was FILED on 03/13/2012
Covers the Period Ending: Dec 31, 2011
As of the most recent quarter ended march 31, 2011
Shares outstanding 422,127,644 common 90,000,000 preferred.
READ THE filings and report ACCURATE DATA PLEASE.
Please include links for everyone to look at for VERIFICATION.
Why would MEXP use first quarter data from March 31,2011 in the year ending financial statement?
THIS SMELLS IN MY OPINION.
http://www.otcmarkets.com/financialReportViewer?symbol=MEXP&id=74708
ONLY 66K Before dropping back down to .0004
TA gagged.
Closer to 52 week low than anything else.
Best to know what one is up against.
Stock down -29%
G/L
I agree with the poster that stated the preferred stock is usually a form of ownership control. It is also my understanding, that convertible preferred stock, can be converted into common stock as the rights of the preferred so state. Before the A/S is exceeded, management will HAVE TO increase the number of shares authorized. This will require a filing with the secretary of state where incorporated.
Who owns the preferred stock? Scaglione avoided that question when it was asked of him twice on the conference call.
Its been clearly stated here on this thread that the transfer agent last reported the O/S was over 593 Million shares BEFORE the company gagged them.
Why anyone would report lower numbers knowing higher numbers are more ACCURATE is beyond me.
Just setting the record straight.
Speaking of reverse splits ....Here is a post from DEC of 2010, less than thirty days after the WHOPPING 1 for 500 rs from back in NOV of 2010.
Did this stock just go from $.98 to $.15 in one day?
It was $1.50 after the reverse ... just a few weeks ago. And of course, bulls said "it won't change your value at ALL. Just less shares at a higher price." I think it was Captain Ed who said it WOULD cost shareholders money, as it then had more room to FALL.
And from $1.50 to $0.15 in a week or two? OUCH!
That's 90% down just SINCE the reverse. And it was down about 90% or more BEFORE the reverse TOO.
VF great well thought out information. This is a pink sheet listed underwater salvage / treasure hunting company with a fairy tale to tell to anyone that will lend a sympathetic ear. If there are not enough ears the company will pay for the presence of artificial ears in cash and more frequently in the form of stock. Keep in mind this company has already done a 1 for 500 reverse split. One for five hundred. OUCH.
The o/s post reverse split is growing steadily and so quickly the company felt compelled to stop letting anyone know how much it is growing. There is nothing here to get excited about in my opinion. If anyone wants to toss a couple hundred in to see if it gets a pop? Great go for it.
This thread is for the exchange of ideas and opinions. Ideas that don't hold water are going to be challenged and exposed as they rightfully should be.
My opinion says there is nothing here but stock for sale. The only question is will there be more buyers than sellers? 52 week low pricing tells the tale on this one. At least for now.
KNOW what you are getting yourselves into.
I shall be digging deeper into mexp's history.
The share structure as reported from the transfer agent was 593 some odd million shares OUTSTANDING. The t/a was subsequently GAGGED. The 593 million OUTSTANDING is the bare minimum and more than likely significantly higher. Precisely how much higher is anyone's guess.
What is your reasonable guess to the current OS? The 10-Q shows 422M
shares, but someone called the TA on 02/21/2012 and got 593M shares!
I guess the thought of MEXP being just another pink sheet scam designed to fleece the public by selling worthless paper on the unsuspecting via a gagged t/a never entered anyone's mind.
Ok then.
Shorting conspiracy it is.
Mexp is priced where it is for a simple reason. More stock is being sold than is being purchased.
Go mexp. Go where the market says you belong. Right now that place is at or near a new 52 week low.
I love the USA, especially the honesty portrayed by its citizens who post factual mexp information.
What I am saying is that the simplest explanation is often the correct one. Who is going to sell stock at .0004 when the stock has not seen .0004 in at least the past 52 weeks?
Did I mention the t/a is gagged?
"We" as in you and I?
Really?
Well that's a new one.
What say we keep em guessing?
lol.
Ok so you are saying not to be concerned about trades going off below an existing 52 week low. I would call that a pre cursor of things to come.
Mexp's new 52 week low is now .0004.
The t/a was recently gagged on mexp.
Low volume and a wide spread today. Not great imo
Common sense tells us that trades below cost basis are losses. If there is no cost basis then any cash gained is a plus. jmo
I have been researching the history of mexp from early on...I think I have gotten most of the important details straight. Looks like a double cross took place, (maybe even a triple cross eh capted?). Some questions I have that maybe you can help me with are as follows: The friend that hijacked your alias and posted here? Is this person still your friend? Is the attorney who backstabbed his client and signed on with burt webber still involved with mexp in ANY capacity? We know from scaglione's mouth that mexp is still involved with burt webber via a "partnership". I am sure there will be more questions that will come up. Thanks for your insight.
Oh so that's what was "meant"
I wonder if randy's darr media was paid for those.
Risicare "he" must have been delegated the authority by the "real ceo". LOL
Sure won't find any of that detailed info from dpbe's cheesy financials. Unless of course somebody makes another "boo boo".
Oh yeah one more thing, blum and associates were shown the door.
I am doing research into MEXP and found this post from a while back. Just curious as to the reason for the recent 180 ?
WOW WOW. ONE HUGE SCAM. IT'S TRUELY AMAZING THAT THE SEC HASN'T SHUT THIS COMPANY DOWN AND THE FEDS THROWN ENRIGHT, WEBBER, SCAGLIONE IN PRISON
I am going to decline to name this particular source.
However google is an incredible resource if one knows how to fully utilize its capabilities.
I do.
stay tuned.
Lets talk about one of the several MEXP red flags:
The Gagged Transfer Agent
A "Gagged" transfer agent is one which has been instructed by the company they are working for to not release information, such as the share structure. This is usually NOT a good situation. There is no legitimate reason for a company to gag their TA. NONE.
When a company elects to “gag” their transfer agent there is ALWAYS something going on that they don’t want common shareholders to see. Also don’t let the company say “Well it is transfer agent policy”. Because any company has the right and authority to tell the transfer agent to provide that information to its shareholders.
There is no valid reason shareholders shouldn’t have free access to a company's current share structure. I have never seen it turn out well for shareholders.
Capted,
I have been around watching all of these pink sheet listed salvage company treasure hunting scams.I have made an interesting observation regarding MEXP I would like to point out. While this in nothing new, its worth talking about how this scam has been touted from the rooftops at recent prices like .0012 all the way DOWN to .0008 where stock house alerted it, to its new 52 week low set at .0004. No one actually admitted to being trapped at higher prices until this dog got some volume off the 52 week low, then everyone comes out from under their desks.
Its been mentioned mexp's michael scaglione has made a fortune running scams for the last several years.
I say all of them are scams (mexp,dpbe,undr,orrv). Best to be avoided, but if traders cant resist a well touted scam? Its worth at the very best a very short term flip. jmho
Do not get caught standing when the music stops.
So they have entered a "POSSIBLE" agreement. That is so desperate its becoming laughable now.
52 weeks worth ? really ? Is george clooney starring and acting as wilf ?
"We have entered a possible agreement .....
Only the scams gag the transfer agent ...just my own observation.
Capted, sounds like another firm we know of eh?
Can someone explain how there is a crew ready to take the boat out if there is a bill of over $50K at the marina in back dockage fee's. Therefore the boat isn't going anywhere until that bill is paid. There has been no PR that MEXP does in fact have a permit to go treasure hunting. There seems to be a lot of questions about MEXP and I wish the company would be truthful and put out a PR to clear up these questions.
High, Mine aren't either.
And to answer your question? Dpbe shares aren't worth the powder to blow em to hades. imo
Keep on asking....I bet wilf will hook you up.
Come on folks! Sell me some shares @ .0004!! I need a few more, I'm glad to take them off your hands!!
I am a REAL shareholder. the reality is the share price is not going up. Just the number of shares being issued and sold into the market keep going up. I don't care about posting positive or negative "things". .
Like all real shareholders we would like to see the pps move higher. only my opinion but that is why we post positive things not negative.
Yeah what is this all about?
Strange also is why the current CEO is barred from returning to the DR by the company
Where are the certified appraisals?
Oh that's right
THERE AREN'T ANY.
Risicare, great find. Are you going to file a complaint? I will and I would think bullhead will as well seeing as how he/she has the scoop.
Correspondence relating to the Foreign Corrupt Practices Act (FCPA) may be sent to:
U.S. Department of Justice
Criminal Division
Fraud Section
ATTN: FCPA Coordinator
Bond Building, 4th Floor
10th and Constitution Ave. NW
Washington, DC 20530-0001
By Fax
Facsimile - 202-514-7021
By E-Mail
Report a FCPA Violation via email to FCPA.Fraud@usdoj.gov
I say dpbe won't be around for too much longer. jmho
I decide what I will do with the shares I own in this pile of garbage ,no other input is necessary. I will decide when I will move on. For now I will continue to point out the false information continually released by this scammy company. I ask the HARD QUESTIONS that none of the 2 or 3 happy deep blue shareholders ever answer. I do that for reasons that are obvious to most but oblivious to others.
Like how do you know those are GENUINE mayan artifacts? How do you know deep blue recovered them? How do you know what they are worth? What have they done for the price of deep blue shares?
DPBM/DPBE 6 years... From .25 cents to nothing...a 1 for 5 reverse split and diluted into oblivion (2 Billion Shares) again, and a corresponding .0004 price. with no liquidity.
1,000,000 shares @ .25 cents would have cost $250,000.00
Anyone can now buy that same million shares for 400.00 bucks.
That's not even taking into consideration the 1 for 5 reverse split.
That same $250,000.00 dollars is actually now worth $80.00 bucks
Great success story....Buy it up.
Nobody answered my questions.
Perhaps one of you other longs can?
I recently looked at the brolin dpbm video ...the one filmed on a sailboat.
Interesting to take a look back at the original dpbm cast and crew. A lot of them are no longer with the company. Did the honest ones move on after discovering deep blue was more interested in selling stock than it was ever into finding treasure ? I would say shareholders should question the motivations of those that continue to work for a known scam artist.
Where is allen south ?
Where is ed krajewski ?
Where is truman weatherly?
Where is jack haskins?
Where is jim cross?
Where is tom holden?
Where is that proprietary technology that "no one else has"?
Is is because its so old and outdated no one else uses it?
Feel free to respond because I would really like to know.
Well fact is they aren't diving, not according to executive officer rawson anyway.
Wilf hasn't closed the latest round of "funding" yet. Who is he going to sell another portion of shareholders equity to this time?
Wilf already did the LP's that gave away a portion.
Don't forget a portion goes to the DR.
There is the debt to blum's alexander lindale (who gets paid first) Do tell how much is actually left for the shareholders IF blum gets yet another deal?
The only thing that is going up with pile of trash dpbe is DEBT, and the Number of Shares Issued and dumped on shareholders.
Exactly kelel. Common sense tells us what we need to know. Listening to what the company says is what got people underwater in the first place. No thanks, not listening to them anymore.
Uh, no thanks count1.
No more of this pile of garbage for me.
First things first ...what so called priceless artifact has dpbe brought up in the first place? If its so priceless why is the company selling a boat, closing the museum, getting evicted, giving up a company truck?
Nobody knows what priceless artifact may be brought up next.
NO inside info brezlin just common sense.
Dive season upon us.
No money.
Stock price in the toilet.
Minimal shares left to dump.
Lack of liquidity.
SEC closely watching what blum does.
Still debt laden.
I say reverse split or increase in the number of shares authorized or both is next.
That or shut this dog down.
What do YOU see the company doing for operations funding ?
Good question count1.
Why would anyone bother to salvage dpbe in light of all of the recent revelations?
I say scrap it.