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I never said I wanted to open my own company. I never said it would be easy. My dpbe posts are credible because they are backed by facts. I post them here for all to see. Dispute my facts if you think you can, but I am holding dpbe managements feet to the fire rather than taking verbatim the pablum that is doled out on the DPBE corporate radio show.
Dpbe is public. It is going to be watched closely. If the company can't take the scrutiny and the heat? Then maybe that company should get out of the kitchen.
A mistake along the way?
I would hardly call what has transpired here over the past 6 years a "mistake along the way". imo it has been a complete and utter failure.
I would say those at dpbe that think they are qualified to manage a treasure hunting company are sadly mistaken.
If as you say director rawson, its impossible to make time frames, why are you making them?
Like predicting a reality show takes up to a year
That sounds like a time frame to me.
You keep looking for treasure, the operations side of things seems to be what you do best.
I will keep looking at the company, its stock, press releases, management and everything else I can get my hands and eyes on. Thats what I do best.
Risicare
Its the most unprofessional quote I have ever seen on a public company website, even for dpbe. Dpbe ceo randy champion has publicly referred to some of his shareholders as "mongrels". Its just another unacceptable reference to those that indirectly pay his salary. imo
Yeah, Looks like blum's "trash" stock is "treasure"to a select few cheerleaders.
My comment was, this is anything but a glowing expose of how to run a public company in my opinion.
Dpbe is public.
That’s where my comparison of dpbe to any other company in the world ends.Obviously I am more than aware this isn’t MSFT or CSCO since they go by rules, unlike the stinky pinkie dpbe. The fully listed companies would not even consider having their company officers posting on an internet message board.
I absolutely would have done things differently. Thanks for acknowledging.
I look at dpbe from the stock side of the equation.I am in the markets to make money. Period. There is none to be made here.not ever.imo
If I want to read a good story. I will buy a book. I can guarantee you it wont be fiction like blums "The Cabin Boy"
I am a shareholder in this dog.
My perspective is valid.
If you find my postings boring?
Don't read them.
Move on.
Excellent question kelel. Perhaps dpbe director rawson can tell us all where those artifacts are today.
cont'd
I agree with you dpbe director rawson, dpbe DID use up all of its resources as you put it and did fall way short of what dpbe stated it was going to do. What dpbe did do was saturate the market with millions and millions of shares to only run out of money before finding much of anything. Can we all agree then that prior to the reverse split dpbm/dpbe was pretty much a dismal failure?
According to you dpbe director rawson the company was about to close its doors unless it did a reverse split. So dpbe did a reverse split at a ratio of 1 share for every 5 held prior. wilf blum, president of dpbe, said, “We have sold no shares of the company from treasury since the 5 to 1 reverse split that took effect in March 2008.Typical blum slight of hand...yeah sold no stock from "treasury". However as we all know, there are plenty of other sources from which dpbe shares can be sold. The current dpbe o/s and float can attest to that. Which btw, according to the TA the shares have not been returned to treasury, and that’s 1 month, 5 days after DPBE ran the news release stating the “application has been made”. The float also hasn’t been reduced but has been increased by 5,000,000 shares. Keep in mind, the authorized share count was raised from a plentiful 500 million to a gluttonous 2 billion. The current number of shares outstanding is nearly 1.7 billion already.
Then there was Ed. You dpbe director rawson classify it as an employee that didn't "comply", that couldn't "keep their mouths shut". That or was it really about dpbe using a jackhammer destroying protected habitat that was the real story? Isn't that the real reason why the tampa operations were spun off into another old shell that became ORRV? The glorious dpbe dividend given to wonderful supporters that just got fleeced in the 1 for 5 dpbm to dpbe reverse split. Wasn't it to eliminate a potential liability created by the questionable methods employed by dpbe to search for treasure which the then operations guy Ed Krajewski was silenced from speaking about? Isn’t it true that what Ed K was stating wasn’t necessarily an untruth? Isn't it just that the Federal Court enjoined Krajewski from disclosing confidential and/or proprietary information of deep blue marine because he signed a Non-Disclosure Agreement with dpbe?
Reality series takes time. Possibly up to a year you say.
October 04, 2007 01:43 PM Eastern Time deep blue marine Inc. Enters Negotiations to Star in Reality T.V. Series
What do you have to say about that 4 year old dpbe press release director rawson?
As for blum not being in jail? Well according to the SEC, alexander lindale did sell unregistered stock which just so happened to approximate the same amount of money lindale "loaned" dpbe. That’s pretty convenient. Plus he used a disbarred attorney to do so (Bennett has been disbarred since 2001 for commingling clients money with his own personal bank account). Blum continued even after the disbarred attorney told him to not use his stock tradability letter after January 2008. Those bogus stock tradability letters allowed the TA to issue and distribute stock by authority of blum’s instructions. Then there was the false pr’s that blum and his pal Dotson released.So,the jury is still out on that one,as that is an ongoing SEC investigation despite many erroneous postings here to the contrary. All of that might not bother you since you’re the recipient of a dpbe paycheck from blum, but I can tell you that sort of conduct does disgust and disturb many a shareholder. It would appear from the postings that you dpbe director rawson, just want blum to keep bringing in the money regardless of how its obtained.
As for the contract procured in the DR, I’m positive Francis Soto was supportive in that endeavor. Isn't that right dpbe director rawson?
The reales are a sight to see but tell me director rawson, how many of those coins would it take to equal the price of dpbe stock back in 2005? After first of course satisfying wilfs loan, the limited partnerships, the DR government, the personal creditors, the business creditors, and the various other legal bills and of course the 1 for 5 reverse stock split? I say even if dpbe hit the motherlode the return to investors would be jack.
So to sum it up, we have a reality show search ongoing 4 years since 2007 (I bet the networks could have found a “midstream change” in their line up sometime over a four year period), reverse splits, increased share structures, museum still closed due to lack of ability to produce revenue, lack of follow through on PR’s, dilution, no shares returned to treasury yet, ongoing SEC investigation of dpbe founder who is of course still active in the company as witnessed by his control of everything dpbe.
Finding treasure after claiming to be "finding treasure" for the past six years.
It may very well wind up being a case of too little too late.
You seem to be missing my points
I put together all that has transpired for a historical look at how dpbm/dpbe got here.It is anything but a glowing expose of how to run a public company in my opinion.
The "museum" was pr'd when it was opening, it was a material event,great. It's closing was a material event as well yet no one was told of its closing, and no one told of the "seasonal" reason you captain billy stated for its closure. Lets talk about the seasonal closure. The peak travel season I believe is right now. So in my opinion your story holds no water.
...Cont'd
You think nobody but me cares about holding this public company dpbe accountable to its shareholders?
You think nobody but me cares about confirming the information stated in a dpbe press release is factual?
You call me an idiot because I ask questions and demand answers from the principles of a public company.
You call me a hack because I post the truth as I uncover it.
You think I come off as desperate.
The topic here is DPBE. Try talking about that.
It IS ABSOLUTELY all about the truth regarding dpbe.
Something that's been in short supply around here.
Lets get into the dpbe truth.
Tell me where my data is NOT true.
Point it out.
I am curious as to why not one of you loyal dpbe longs has refuted one shred of data posted on message 28214.
Not one of you have commented on it either.
NOT ONE PERSON
NOT the ceo Randy Champion posting here as champartdirector.
NOT the operations officer William Rawson posting as wagonbox.
NOT anyone.
Why is that?
Don't shoot the messenger.
Refute the data on post 28214.
Its all about deep blue marine.
Completely on topic.
All FACTUAL..
I would not dismiss the validity of that post until a thorough job of researching it uncovers data to the contrary. Its amazing what can be uncovered through a little digging. Surely someone who claims expertise in underwater recovery can attest to that.
Lets see what other information this poster has to add in support of his claim.
I think that is a fair request.
My post about dpbe is still awaiting a response from anyone on this thread.
Deep blue marine has already sank into the abyss, the ballast tanks flooded by its own management, imo and the opinions of apparently many.
DPBE volume today = a dismal $400.00 worth.
Why not respond to the facts.
DPBE has already failed.
Look at the dpbe's current share structure. Look at the current dpbe share price. Look at the lack of dpbe volume. Look at the fact that dpbm reverse split its stock once already and changed its ticker to dpbe. Look at the latest attempt by dpbe to get more money by sidestepping loyal shareholders and selling private partnerships.Look how the dpbe management addresses anyone with a dissenting opinion.Look at the DPBE CORPORATE WEBSITE and I quote: " Profanity, vulgarity and personal attacks will not be allowed unless aimed at individuals we deem worthy of such treatment and you need to contact us for that list".DPBE management can monitor "public sentiment" without creating a conflict of interest. Directors and officers should disclose who they are. Look at the late payments to dpbe employees and dpbe vendors. Were these vendors ever actually paid? Look at the failed attempts by dpbe to sell artifacts on ebay. Look at the fact that blum resigned as dpbe's ceo because of an ongoing SEC investigation where he was a key part of a 12 million dollar fraudulent stock selling scheme.Look at the 2.5 million dollar dpbe debt to blum's alexander lindale. Look at the fact that the museum in the DR is now shut down due to lack of funds.Look at the failed gold buying spree. Look at the failed reality show announcement(s). Look at the failed shelby giveaway that had few participants.Look at all the press releases issued that failed to materialize, like the returning of shares to treasury that has yet to be accomplished. That announcement was over a month ago.
Is this the kind of public company to voluntarily own stock in?
Is this the kind of public company to voluntarily be employed by?
At some point people need to see this for what it truly is.
A RUSE.
Risicare
Waiting to see the final SEC decision being made against wilf blum the founder and former CEO of deep blue marine and owner of alexander lindale for his part of the fraud committed on another blum arranged startup.I guess that's the reason randy champion got to be CEO of dpbe.
Cocaine? The official dpbe board was part of a criminal organization used to pump and dump stocks and sell cocaine?
No. I don't know anything about that. Do tell me about it. So I can look further.
The fact that you can delete posts as a moderator never even crossed my mind. I don't care about that. I am concerned with the fact that you are able to post messages on a financial message board you are the CEO of without disclosing who you are and what your compensation is.
Monitoring public sentiment about your company can be done without being a moderator. I am sure you are aware of that.
I have NO problem being the lone DPBE dissenter as my data is accurate and factual. You can dispute my findings, and dispute the reasoning behind my conclusions, that is what message boards are meant to do. Provide a balanced discussion on the pro's and con's of the subject matter.
As for your postings as an officer and director of dpbe with your stated intent of "keeping investors informed (Which by the way dosent benifit me in the least and takes a lot of my time)"? Let me ask you a question: Are you compensated in any way for work done on behalf of dpbe? Because if you are you need to disclose it. If you stand to reap a financial gain (paycheck/stock) due to an increase in the price of deep blue marine stock from information you post on a deep blue marine financial message board ? I would call that an inherent conflict of interest that must be disclosed.
Here are just two examples of why its problematic:
DOW JONES NEWSWIRES
The chairman and chief executive of USA Technologies Inc. (USAT) resigned as expected last Friday after a company investigation accused him of leaving hundreds of comments about the company on an online message board. The company said its investigation found that Jensen posted about 450 comments on a Yahoo message board mostly under the alias "investor.texas" over a period of about two months. A September post under that alias touted USA Technologies' growth potential and detailed a number of specific deals with communications partners and credit-card companies.
and this:
The incident echoes a controversy over Whole Foods Market Inc. (WFM) Chief Executive John Mackey after a company investigation said Mackey anonymously touted Whole Foods' stock.
Before you claim you never posted anything that could be misconstrued as dpbe investment advice? I would suggest you look at all your historical dpbe postings. I have.
A lottery is a gambling game of chance, no research required. However an investment is the commitment of funds with a plan to minimize risks and safeguard your money while earning a return.
Calling deep blue marine a lottery ticket is insulting to those that bought in on the information presented by the company beginning back in 2005. Wouldn't you agree seeing as how you have been a part of this operation since 2006? "William Rawson serves as Vice President of Operations at Deep Blue Marine Inc. Mr. Rawson has been with Deep Blue Marine since 2006 and served as its Captain of the recovery vessel "Cap N Tracy."
I don't recall James Brolin calling deep blue marine a lottery ticket. Although at this point its anything but what it was touted as.
No need to make a physical threat to someone questioning the validity of public statements an officer of deep blue marine makes on a financial message board under the same ticker symbol. Wear out my alias? The topic here is dpbe, I intend to stay on that topic. I stated information released by the company via press releases are less than truthful. I stand by that statement.
How will dpbe distribute any marketable artifacts to shareholders when they are late paying wages, fuel, and other operational costs?
DPBE latest financials reflect DPBE owes alexander lindale over $2.5 million dollars. You have limited partnerships that get paid back 1st for dives taking place "now". Everybody that bought in earlier, bought when they were onto "nothing". Interesting that the pr's didn't reflect that dpbe was onto "nothing". Go read the previous press releases issued by dpbm and now dpbe for a refresher. Then there is of course that other item called 1.668 BILLION SHARES OUTSTANDING with no return of shares to treasury as of 12/12/2011 as was stated in a pr from dpbe on 11/10/2011 . The stock is priced at .0008 with 1 trade of less than $100 today.
How much more information is needed?
I have no desire whatsoever to listen to anything anyone at the company has to say as its been proven way too many times to point out, that the company has a huge problem telling the truth.
Lottery ticket? that title is reserved for triple ott one's that a person can buy a million shares for a hundred bucks. I'd hardly say people that own dpbe initially considered it a purely "lottery ticket" but are now forced to digest that inevitability.
Your "captain and ceo " otherwise known as executive directors are posting and monitoring the content posted on this thread. Does anyone other than me see that as problematic?
T/B you also used the word "invested". So which is it, a lottery ticket or an investment?.
You can focus on the "story" being told to you all by capt bligh....I will continue to uncover the TRUE LIES being told here.
Regurgitated nonsense? I would hardly call valid shareholder concerns regurgitated nonsense.
Perhaps you don’t believe there is anything anyone can do, however as I said originally good people don’t just stand by and watch (and even encourage) while others are getting fleeced. I say call dpbe out on everything, hold dpbe accountable.
HOPE to hit upon something amazing? Is that how we buy stock in a public company? I don't. I make a calculated decision to buy based on what the company and its management states publicly and what I am able to uncover through research.
Today we sent in a resolution to return 166,666,666 shares to the tresury and I hope to send another 166,666,666 right behind it.....So, if I'm reading this right, he plans to reduce the outstanding by 334 million shares right after increasing it by 156 million shares? I hope someone can keep us up on this. So we can expect an outanding down to 1.3 billion and a float down to 720 million soon??
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63528293
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63530309
written by nebula on may 24: So in however long it takes to process the paperwork, there should be 340 million shares coming off the outstanding.
should be. W R O N G. never happened.
The Limited Partnerships DO get special payback over common shareholders.
I also asked Wilf about that. He basically said: The people giving money NOW are the people funding THIS specific dive, so they DESERVE the returns on these dives. The shareholders bought in the PAST, and we didn't find in the past. We need to pay those that are funding us for NOW from dives we do now.
Deep Blue DOES owe alexander Lindale 2.6 million dollars. Its clearly shown in dpbe's most recent financial filing.
The share price speaks for itself = .0008
Those are the facts, not regurgitated nonsense.
Enjoy yours too Fred.
Today's trading summary. Six trades or $1,144 dollars worth of interest in DPBE. At this rate, with 1 billion 173 million shares in the float it will only take another 6 years to see a nickel.
That is of course after blum pays himself back the 3 million he "loaned dpbe" from alexander lindale, his other blum owned entity.
Those limited partnerships have a special payback priority over common shareholders too.
No comments from anyone regarding the failure of the company to return shares to treasury as was publicly stated via a DPBE pr?
Is anyone here a shareholder besides me?
kelel, Its been said for even longer than that. How sad is that?
Just for a historical perspective regarding today's DPBE close at .0008? That equates to a pre reverse split price of .00016 !!!!!
Not very exciting is it when you consider we are fast approaching 2 billion outstanding after a 1 for 5 reverse split.
There are definately two different viewpoints as it pertains to DPBE.
There are those of us who are concerned about how the operation and management of the company affect each shareholders equity position.
Then there are those that it would appear to be, have given up on the equity side of the equation, and just talk about whats happening at the dive site. If my thinking is flawed, I would ask those who only talk about diving, how do you see the items being brought up providing value to you as shareholders?
I am here to hold the company accountable for everything they do and to ask the questions nobody else wants to. Those of you wishing to help, can voice your concerns, after all that's why we are here.
I see dpbe gave up -33% today. This on little to no volume ($426.00 total) or interest in the stock.
Agreed, I was just trying to be unbiased, letting the facts speak for themselves.
UPDATE: A call to the t/a confirms the float on DPBE has been increased by 5 million shares.
Float is now: 1,173,703,454
For the record the DPBE O/S INCREASED in September of 2011 by 108,500,000. There have been NO changes noted to the O/S since.
INCLUDING any O/S reduction of any kind.
TREASURY STOCK:
One way of accounting for treasury stock is with the cost method. In this method, the paid-in capital account is reduced in the balance sheet when the treasury stock is bought. When the treasury stock is sold back on the open market, the paid-in capital is either debited or credited if it is sold for more or less than the initial cost respectively.
Another common way for accounting for treasury stock is the par value method. In the par value method, when the stock is purchased back from the market, the books will reflect the action as a retirement of the shares. Therefore, common stock is debited and treasury stock is credited. However, when the treasury stock is resold back to the market the entry in the books will be the same as the cost method.
In either method, any transaction involving treasury stock cannot increase the amount of retained earnings. If the treasury stock is sold for more than cost, then the paid-in capital treasury stock is the account that is increased, not retained earnings. In auditing financial statements, it is a common practice to check for this error to detect possible attempts to "cook the books."
What the heck is going on here?
When my alias was born is irrelevant. I am a long term shareholder in DPBE who is concerned by the continuation of actions that got dpbe's founder into SEC trouble in the first place.
I thought things would change with the appointment of randy champion as CEO replacing wilf blum. They clearly have not.
To my knowledge it is not over. Until the SEC publicly says its settled? Its an ongoing investigation. Unless you have some information from the SEC I am not aware of.
Back to my earlier point, the company stated via press release that an application was submitted to return shares to treasury. That was a false statement. Anyone know otherwise?
Thats a bit of an understatement couldn't we all agree?
The accusations posted in the SEC complaint against wilf blum alexander lindale and others are very serious in nature.
Back to my earlier point, false pr's (like claiming to return shares to treasury) appear to me, to be continuing. Anyone think otherwise ?
DPBE volume yesterday was based on a total of 4 trades. The percentage gain mentioned was in the spread and therefore irrelevant in my opinion. Today there is no volume and any trade at current bid or ask would print as a losing percentage.
As for the claim of defamation. To commit an act of defamation, it must be "false" injury to ones "good reputation".
Not applicable to this "key" member of Deep Blue Marine.
Kelel, I have been ....wowsa.
It really DOES matter if dpbe pr'd it and didn't do it. False press releases are illegal. There is a market watch dog that is required by law to respond to each and every complaint it receives. All that has to happen is for good people to take action. Canecorsos, I would venture to say its high time for this used care salesman to be placed in a "home".
Agreed, it is a stinky pinky, but there is a problem here. DPBE pr'd the fact that it had been done.
dpbe current float: 1,168,403,454
dpbe current o/s: 1,668,581,159
Looks to me like the 166,666,666 shares have not been returned.
When are the shares gonna be retired? The t/a says they haven't yet.
anyone?