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Wow, I'm 0-2 tonight. Once again, good point. :)
Good point. You always see the big picture clearly. Thanks! :)
Mike, thank you for your wisdom.
However, it is my understanding that generally the reasons companies rent depreciable equipment (e.g. a truck or a boat) is to allow a public company to look better on paper. So, that would make sense... except that DPBM doesn't report any losses or earnings. You have to write off depreciable assets as losses if I recall correctly. Therefore, companies rent to reduce their "on paper" losses. Therefore, it seems pointless to me outside of the tax advantages you mentioned... which I'm curious to know more about to ensure these are legitimately worthwhile.
I've got a feeling the CCs will vanish this week. Hopefully not... just a hunch.
Hahaha...
"Dollar party..... following R/s"
yardboy, if I recall correctly, the average volume before ALL THE #%@%#$@$! DUMPING OF SHARES (sorry... couldn't help myself) was about 500K a day. Seems we're gettin' back to normal... or am I remembering this incorrectly?? I think we're just used to the insane amount of volume from the selling.
Let's take these debates somewhere else and talk again about stock, DPBM, and how pissed we are about the PPS. Heh... :)
In that situation, I believe my thoughts would be, "I wish I had more time."
Time=money.
This really perturbs me. We rent these boats from Wilf, and he uses OUR MONEY to make them unbelievably equipped (e.g. 2.5 million for the Deep Scan). In the end, he gets them. I am, once again, astounded at my stupidity in not seeing this sooner. To me, it seems Wilf definitely ensured he will profit off this "venture" in the end. Smart guy.
$#^$%^%#^@!
Yes, the symbols are back. $@%$#@%@$^$#!@^!!@$!#@$#!@
Good point. Except that it takes 60-90 (I believe it is 90) days to get our cut.
I'm not sure if we actually own the Deep Scan or not... but I would really like to find out.
What upsets me is what Wilf said a few weeks back on the CC about how much the boats are worth. I think he said the Deep Scan is worth 2.5 million dollars. WOW. That's great (if it's even true) except that IT'S OWNED BUY HIS OTHER FRIGGIN' COMPANY. I'd like to know if it is, in fact, owned by another of his companies. If it is, that means if DPBM goes under, he has already made a cool couple of million off the boats. No big deal for him to put in a couple 100 grand!!
NEVER will I EVER buy into a company that doesn't post financials again. There is a REASON they don't post the financials. They have something to hide.
I'll be curious to see what they post Aug. 1. I believe they are required to file more information with pinksheets.com.
Will my head stop spinning... please?!
Linda,
I'm not going to say it's likely, but somebody could have possibly installed a back door remote admin utility (like NetBus) and modified your hosts file. (Hosts file thing described here: http://www.techcrunch.com/2007/01/28/google-tv-an-elaborate-prank/
My first steps would be to ensure I have proper virus scanning and adware removal utilities installed. If you don't, I recommend AVG Free edition and SpyBot (also free). You can pick these up here:
AVG: http://free.grisoft.com/doc/2/
SpyBot: http://www.safer-networking.org/en/download/index.html
Once you have utilities installed, scan everything. Might take a while to do the scans. The scans will also determine if someone has installed a back door remote admin utility (at least in most cases).
Hope you get it running again...
Ditto, but at least it got the stock up to 0.015. It seemed to have reeled in a few investors.
I'm very disappointed to hear that Taz and Tammy quit.
Pretty upset, as well, about this whole drama of late. WASTE OF TIME. And, I DO NOT blame Linda either. Remember, Wilf is the one "with the ego." He gets the blame for everything as far as I'm concerned (good and the bad... I'll let you decide whether there is more "bad" than "good" at this point).
That's all I'm going to say.
I agree. I'm of the opinion that the decision to not bring in experts is foul, whatever the case. So some feelings were hurt... BIG DEAL. This is business. GROW UP.
Too many people are watching this forum. I think it's time to find a new one.
This roller coaster ride is making me SICK.
No, I believe Wilf did say to give them until his birthday, and I recall him saying that his birthday is Oct. 10.
Well, it's pretty simple. Ed and Burt are treasure hunting gurus. According to word on the street, Ed found Drake's silver. Bottom line is that these guys have experience, and although Wilf is definitely an intelligent man, he is new to this industry. Bringing experts back into the picture is a HUGE sign that they really are onto something. It would be pointless to bring in experts if there were nothing for them to do (we're short on cash, I'm sure you noticed.. :) On top of that, Burt and Ed have been working on their own projects, which seem to be definitely worthwhile. Therefore, the fact that they would temporarily put their current projects on hold to jump back to DPBM speaks volumes.
Keeping my fingers crossed... even though I'm currently down about 50% of my investment (fortunately, made a good chunk of my losses back in the past 2-3 weeks).
I agree. I think I'm beginning to believe that Wilf definitely wants to prove himself and this company, which is exceptionally encouraging to me. There for a while, unfortunately with all the bad dirt being thrown around, I really began to second guess his intentions. This is a great sign in my opinion.
I think I'll buy another 100 shares.
LOL. J/k.
One thing for sure... I'm not the only one doing this. Because I'm pretty sure 100 volume went out at 0.012 as well. Someone is trying to manipulate it down... it seems. Yardboy, are you seeing the same thing or are my stock tools weak (likely)?
I think it's just my delayed graphs. Hmm... fun. The sale is there now.
Heh... wouldn't be the first time. ;)
Those bastards lower it just as soon as I raise it. :( The 100 just went out at 0.013, and I think they just shot out another 100 or so to get it back down... hmm... am I reading this correctly or are my graphs just messed up?
Hmm... maybe you're right... I shot out 100 shares at 0.015... no price change. :/
I can't force 0.015. There goes that idea.
AUTO is clearly an MM (as I see it on other stocks). I guess, what I mean is why is it listed as 0.000? It doesn't have an ask price. I've seen AUTO up top with the 0.000 several times and just finally had to ask. :)
AUTO MM?
If you go to: http://www.allstocks.com/html/free_level_2_pink_sheet_stock_.html
and type in DPBM, the L2 detail has an Ask MM called AUTO. Could someone explain to me what this is, or is this just a quirk with these free L2 quotes?
Just to clarify... today there was a huge gap without sales from 12:15ish to 3ish. If someone went in and hit it with a 0.018 buy at a small amount of shares (like 100), it would sit at 0.018 for 2 hours. That seems like it would do something to those watching the stock. Plus, it would affect the high.
If a bunch of us investors work together, we can legally control this stock a WHOLE LOT better than any MM. We have more shares.
Am I dreaming?
I agree... it seems like it's been a while that we've traded 3 million shares in one day and not decreased in price... unless my memory is foggy.
I think I remember Wilf saying on one of the conference calls that the way to tell if someone is shorting the stock is if you see a TON of shares traded at the end of the day. Seems to be the case today... maybe that's the shorters trying to cover their position and get out? Tomorrow should be interesting, needless to say.
Why not start doing 100 share trades at 0.018 during the slow periods? If we all hit it intermittently, it seems this might get the price up.
If you are serious... I will admit the reason I am here is because I believe I was "led" here earlier this year by an outside force. This shouldn't mean anything to anyone else, and that is why I haven't said anything until now (THIS SHOULD NOT INFLUENCE ANYONE ELSE'S DECISION... especially since my interpretation often is wretched, I'm finding). However, I find it quite interesting that you and Virginia both say something similar... although I will not claim personal or familial credit. Something much greater led me here... I believe that, despite being greatly discouraged by the pps for quite some time. Sometimes, however, I wonder if we're all gathered here just to learn a lesson... however, I think there is much more to it than that. I'm still interested to see if this thing pulls out. As others have said, only time will tell. I'm continuing to hold a small position but enough to help me start a business if everything picks up.
IF the selling is really done, I'm very curious to see just what this stock can do.
Oh, how I wish you could definitely tell to whom you were selling! That would greatly make investing in stock so much easier. You could pinpoint abusers/manipulators and avoid them.
There's got to be a way to remove the middle-man in the market. Why do we need money-makers? The market will automatically balance itself (supply and demand). We just need the information to be able to make decisions (e.g. I won't sell to X because he always dumps 1 million shares onto the market after accumulating so much).
The Internet should allow us to remove the middle-man from the market. The only downside I see to this is that companies would have to sell their own stock rather than passing it off to an MM. Suddenly, every company would practically have to hire someone to do this job. Is that such a bad thing though??
Wow, I'd love to be able to boycott certain buyers/sellers rather than certain MMs.
Alright...
Heh... we were definitely called *ssholes, which I think is hilarious that person couldn't come up with something more intelligent and creative than an expletive. Clearly, the "informed" individual isn't very used to thinking outside the box.
:)
That aside, Randy did say that the price of stock "didn't mean that much" to him. However, my perspective is that he likely said that because his shares are restricted. If that is the case, he, of course, would not care about the day-to-day price if, in fact, he did believe it would be at a respectable level when his restricted shares are up for sale (next year ~Feb. or later).
Just my thought... I know what you're thinking: "WOOOWW, MAN!!"
Heh... I wish I knew who did that on the call today.
Heheheh... "HOOOOOOOO Doggie."
That's slightly amusing, I must admit.
I'm listening through this now to find out...
Hmm... I didn't listen that long. I'll check it out.
I didn't hear Randy say that. It's not on the playback, and he didn't say it when I was on the call.
Also, quick highlights:
1. There was some guy on the call playing "YEEEAAAAHH!" sound bites whenever Wilf would say stuff. They also played sound bits from Cheech and Chong "Woah, man!" (Or something like that... I'm a little tipsy right now... so sorry if memory does not serve me well.) This was funny at first, and then it quickly got old.
2. Wilf said he hopes to prove everyone that they are a serious company. ("YEAAAAH!" sound bite played thereafter)
3. Wilf said the selling stops. He made a lot of money from his Alexander Lyndale company and is able to fund the company now. He said they will not need to sell any more stock (I think he mentioned paying 13K out of his own pocket for some equipment, and it sounded like he had put in another 50K for something else DR related).
4. Wilf expects to be diving the DR site Monday, 7/30. There is 4 stories of sand to be excavated before they get to the captain's cabin where all the loot may be. 700+ men made it off the boat when it sunk. They got to land and hightailed it to a major city (10 days away, they made it in 10-12). They spent 5 years trying to find the Scipion and never did. Someone asked if the 700+ men would have salvaged the ship. Wilf said they couldn't because they had to follow captain's orders (who had been shot in the leg at the time). If they didn't, they would be killed. Therefore, it is likely (supposedly) that they abandoned the ship and fled battle. Since they were in the midst of a war, this makes it more likely they bailed on the ship.
5. The first video we will see of the DR wreck is the blowers clearing all the sand off and revealing the Scipion in its glory.
6. Wilf is driving a bunch of equipment down to Florida (the equipment could not be flown). 2-3 day trip. Call him. He needs people to talk to during the drive.
7. After the buyout, DPBM will be changed into another marine company. He wouldn't talk about what that company would be since they hadn't decided which it would be yet (it sounded like there are two choices). The buyout company will be fully reporting. This has me alarmed since the buyout shares will likely be restricted (this was not said on the call but a prior one).
8. Randy intends to post blueprints of the Scipion ASAP.
9. Most of the rest was on the previous conference calls. I probably missed something, and I'll post it later if I recall. Right now, I'm drowning myself in beer. SORRY. :)
L8r.
CC playback info posted by MAXJDA. FYI.
Where would be a good place to begin learning about whatever you are talking about? You suddenly seem to know quite a bit about how to manage this market... which is interesting needless to say. Regardless, do I understand correctly that if we hold on to the shell, eventually, someone will want to buy it to spin their own (hopefully legitimate) incarnation of DPBM? Why would they do that when they could just start their own public company (without a shell)? Are the costs to do that so high that it is that beneficial to use a non-reporting pink sheet shell? The only benefit to keeping a shell, to me, seems to be to sell it or respin it into a different direction (basically form a new company). Without a clear understanding of what a shell is worth or what I would get out of the deal, it is difficult for me to think much of this plan. Now, I'm not degrading the idea. What I'm saying is that I don't understand it, and before I jump on board with whatever you are proposing, I want to thoroughly comprehend your intentions.
I just don't trust anybody. Especially someone that seems to have had a dramatic change in personality over the past week to week 1/2. I kind of feel like you've been circling for a while and are now trying to act out a carefully planned strategy. I'm voicing this concern because I'm sure there are others that feel the same way. All that most likely want is for you to help us understand why we should hold to 0.0001. That sounds like a terrible idea at first glance. I suppose this is because I don't understand what holding onto a shell company might do for me.
Please help us all understand.
Well, I have to give him credit for this, if it is him:
http://sec.gov/rules/petitions/4-500/wblum072005.htm
I'm still keeping my fingers crossed, and if things look reasonable in another week or two, I'll buy back in for more shares than I had previously. I'm not touching this thing for at least another 3-4 working days, however.