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Okay, to be precise, it was a cut of the $300,000 that Deep Blue paid Bowden -- but it was DB investor money just the same.
You appear to have answered the question yourself in post 17557. One may agree or disagree with the CEO's decision, but you offer a reasonable explanation of why he made the decision he did. That is what CEO's do.
BTW: How much did you get paid to bring together this deal that you recently described as "criminal?" Given that shareholder money was used to pay you..."I think that is a question that many investors would like to know the answer too."
Intelligent and faithful maybe....good looking...well that may be a stretch!
I didn't say that. Ed did. The FACT is that no one really knows what is on the Scipion. I remain eyes wide open and cautiously optimistic.
Actually research had nothing to do with it. They stumbled across it while attempting to mine diamonds from the ocean floor. Also, the wreck was located April 1 and pictures were just released today...probably because they wanted to be sure the treasure was safe before it was announced to the world.
BTW: When you were paid to bring Tracy Bowden and Deep Blue together to salvage the Scipion, did you know then there was no treasure on the ship?
New treasure find
http://www.foxnews.com/story/0,2933,353738,00.html
I think we all assumed that the R/S and new shares would happen simultaneously. As such, I assumed the x-div date to be the date of the R/S and DPBM shares (not DPBE) would be eligible. Perhaps that is no longer the case...
Money YOU lost in the company? Which money would that be Ed? The shareholder money that was used to buy back the shares in DPME that you were given for agreeing to work for the company? Or would that be the money you were (or was it were not) paid to set up the deal with Tracy Bowden that you recently called criminal? Where did you lose the money Ed, on the way to the bank?
I agree, the only factor that could make a difference here is a big find...and as so many here are quick to remind us...that is a big if.
If I paid nearly 25x the "list price" of a freshly-R/S'ed stock, I wouldn't even tell my dog about it. If I had a dog.
LOL, you got tht right!
Ed, you know full well your posts about suing TB were deleted. You can see a prior reference to the amount in my post #16288 -- and you did not refute the amount then. But, of course, you miss the point. With or without the money, you helped set up the deal you are now calling criminal. Is it somehow more crminal now than when you set it up? If you knew it was criminal, why were you involved?
Oh I see, you never asked for the money, but you posted here and elsewhere that you were going to sue for it. $30k was the figure you posted so if the facts are wrong, just know that I got them from you. And with or without the money, you helped set up the deal with TB that you are now calling criminal. Those are the facts as YOU have presented them
But Ed, you say this is a bad business deal -- even criminal. But you also said you are the person who set it up and are owed $30,000.00 from Tracy Bowden for your effort. So who is the criminal here? You say you are not the one who has taken investors money, but where did that $30,000.00 come from -- DPBM investors money. And how about the money that was used to buy back your shares. That was investors money as well. I'd say you have taken lots of investors money.
Water Boy was making a joke. You did indeed bring it up. This is further indication of your total lack of responsibility. You are a former insider of this company with an ax to grind. You want everyone to think you are protecting the innocent. You are merely feeding your oversized ego. You should be ashamed.
Yep, but you still haven't answered any of my questions.
As always, I remain cautiously optimistic and do not regret my decision. I am responsible for my actions and I don't take investment advice from strangers.
Uh oh Ed, wrong again. I have never met nor spoken to Wilf or Tracy Bowden. But, of course you know that. Whenever I ask you a question you respond with an attack that suggests I have some relationship with the company or its key members. I am a shareholder and have been for nearly two years. I have watched my investment shrink to nearly nothing just like the other shareholders. But I am not, as you have suggested on various occasions, a pumper, a manipulator, a relative of Wilf, an employee o DPBM or a close associate. And I have no relationship with any other treasure salvage company.
You are the former employee of DPBM who went to work for MEXP. Your reason for leaving both companies is unclear. You are the one who claims to have brokered the deal between DPBM and Tracy Bowden. You are the one who claims to have not been paid for the deal and posted here and elsewhere threatening a lawsuit. You are the one who had shares in DPBM given to you when you joined the company and then shareholder money was used to buy them back at a price most shareholders would jump at today. You are not a shareholder in DPBM but you are involved with another unspecified treasure salvage company.
You say you are here to defend the truth Ed. Well, so am I.
[I've kept hearing, " Just wait until they break into the stern castle".]
So Ed, where have you kept hearing this and how many times? I was just wondering how many shareholders were thinking this was a movie set. We’re sure glad we have you to keep us straight with all the facts...us shareholders being so confused and all.
BTW, you didn't answer my question in post 16288.
So DPBM paid Tracy Bowden for the rights to the Scipion and you were to get a $30K cut...were you a DPBM employee at the time or had you moved on to MEXP or your present (yet to be revealed) salvage company? Why are you writing about your dispute with Bowden on here?
Wow! 22,000,000 shares traded. DPBM opened below a hapenny and lost 56% today. All this with a new well equipped salvage boat on the way to the DR. Okay the R/S is not good news, but the return to operations is. Where are these shares coming from? I understand the allegations posted here against Wilf. I understand those that are angry and want to pursue a remedy -- or at least punishment (as a remedy is unlikely). But I just don't get today's sell off. I'm sure some will argue Wilf is just dumping whatever he can before the stock collapses -- but at this price I don't think he could even gas the boat with the proceeds. Nope, it just don’t figure for me. Any thoughts folks?
I agree. If there is reasonable suspicion that laws were broken, this should be reported and investigated by the proper authorities – irrespective of the consequences to the stock price. A sad turn of events nonetheless…
Linda, I often have to enter my username and password twice to get in. Have you tried that?
Never a dull moment here in DPBM land.
We will now be serving some nice crow in the naysayer’s lunch line.
I was only here because you gave deepblue investors hope...Oh good grief, you don't expect anyone to believe this do you?
Well since Water Boy is still in Gulfbreeze's virtual lockup -- I'll say it for him -- and the rest of us who have kept the faith. CAPTAIN BILLY ROCKS! May the seas be with you Captain(above and below).
Godspeed Captain.
...and now back to our regularly scheduled program: DPBM
Gosh Linda, nothing you said requires forgiveness (although I offer it if it helps). This is a rough and tumble place. Sherriff Gulfbreeze does the best he can to maintain order here, but I guess a bunch of us just like brawling. I like throwing verbal punches and I expect to be punched back.
Well, I'm not sure it says it all, but it does say something that investors should hope is true. First, it should be noted that the opposite is true. Without treasure, there is no market value. This has given us 500,000,000 shares valued at less than half a penny. Finding significant treasure will drive the PPS higher. In fact, the market value of the company will likely exceed the value of the treasure assets as market value reflects the potential for earnings and growth as much, if not more, than the book value of assets. Hence, if the market believes DPBM has a demonstrated capability to find treasure and believes that it will find more treasure the market will value the company accordingly. At the moment, those are huge ifs.
Yep, I think you are correct. If we don't pull up anything from the Scipion in the coming season, there will be no money to continue operations -- unless the company recapitalizes under another name with new investors. But DPBM now has focus, equipment, a good man at the helm, a trusted adviser (Tracy Bowden) and hopefully enough cash to keep it all going for a few months.
I remain eyes wide open and cautiously optimistic.
Just tell the truth. That is the best way to deal with it. Godspeed Captain.
Linda. I appreciate the fact that you support your brother so strongly. I am Italian and I understand family ties. But please, don't accuse me of being a shill for Wilf. You have read and commented on many of my posts. Some you liked and some (many perhaps) have made you mad. After reviewing these posts, I would hope you would credit me with independent thought, if nothing else.
Also, I understand Ed's point (which was proven wrong) but I still don't understand how that was manipulation. To what end? They were just filming footage for TV. The accusation of manipulation implies that Wilf had some ulterior motive for personal gain.
Wow. This board is getting interesting.
First you told us Wilf tried to intentionally manipulate the producers and viewers. When I asked you to explain, you said they were diving with a metal detector outside DPBM's permitted area in grave violation of sanctuary rules. You told us everyone on the boat, except the GMA folks, knew this. This doesn't answer the manipulation question, but it is, by your account, a serious charge. Then Capt. Billy who was on the boat and who you tell us is a trustworthy man, tells you are wrong and that they were diving within the company's permitted area. Then you tell us that you don't care what they did. This comes on the heal of your charges that the company had spilled fuel in the water and would be subject to fines. This also proved to be untrue.
Stick to the facts Ed, and you won’t hear a peep out of me.
I am a shareholder of DPBM, so I am part owner. I have no interest in any other tresure salavage company. Can you say the same?
Also, does not "huge upside potential" suggest that I care about what the company finds? The fun is the hope of finding treasure. The reality is that most don't before they run out of money.
You did miss my point (several times). I asked how this was an intentional manipulation of the producers and viewers and what was to be gained by this manipulation.
Yep, he saw it coming. Thanks for digging deep. But of course, without revenue this is how pinkies operate. We either find treasure or we dilute to nothing...not many other options. Perhaps those who are so angry will invest in companies with proven track record and a measurable revenue stream next time. Those of us who invested for fun and for the potential huge upside are merely disappointed and not out for revenge. I knew what I was getting into and can hold my disappointment in perspective.
Actually, facts would be greatly appreciated.
"You see, MUCH of what Wilf does has NOT followed SEC rules, IMO."
IMO = In my opinion...In other words, you don't know. IMO does not = fact.
"that someone that has never been in the water with scuba gear as far as I know"...but as with so much...you don't know.