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Getting hammered with Dilution again this morning and it feels good. Thanks Wilf can you please sell more shares we all want to go broke.
No MM is shorting Deepblue. Its 100%(DILUTION) the company is pouring shares into the float daily. The reason MM'S are not shorting this stock is the fact they could hit a mother load and the MM'S would get caught and hammered. MM'S dont like to lose money. This is a 100% management issue that which seems like it is not going to end anytime soon. Bottom line we are getting screwed by Wilf himself.
No MM is shorting Deepblue. Its 100%(DILUTION) the company is pouring shares into the float daily. The reason MM'S are not shorting this stock is the fact they could hit a mother load and the MM'S would get caught and hammered. MM'S dont like to lose money. This is a 100% management issue that which seems like it is not going to end anytime soon. Bottom line we are getting screwed by Wilf himself.
And the relentless dilution continues, thank you very much. My 1.5 million shares are looking more and more worthless everyday.
Is everyone enjoying trading under.02?
Capt Ed. Anything new on the horizon?
Roo as long as deepblue is selling we will not go up almost no matter what. They are going to have to find something big to clear resistance. The reason we are not going down is because investors are buying on the bid not on the ask. So as long as we have solid bid support we won't go down. But who knows how long that can last. I didnt think we would go below .025 but I was wrong on that to.
Wilf said that deepblue had the 2nd largest investor holdings of all pinksheets. Does that seem sad to you guys that we are that widely held and are still struggling to stay at two cents? It shows the company is killing the stock and don't deny it at all.
DILUTION DILUTION DILUTION Can I please have some more....Thank You!!!
1hr 20min conference call. And no mention of deepblue stopping the dilution. That is BAD BAD NEWS for investors. Anyway Wilf wants to sugar coat it its still BAD BAD NEWS. All it takes is we are done diluting and hope the stock can move forward now. But has that been said NOPE. Will it anytime soon. NOPE with those salaries we are probably all gonna get screwed.
deepblue blog almost dead. This one getting bigger and bigger.
SKANE no one is really bashing deepblue. The conference call was great but again as of right now its all talk. It sounded good, but so have alot of other things thats been said. Until we see some goods on the boat investors just arent buying it no more.
Talking is over. Whats the old saying "Talk is Cheap" Either show investors the goods or its over. There is nothing else Wilf can say to get investors in. All the non stop talk that has not come true (yet) and all the shares being dumped. Without the goods deepblue is finished. My 1.5 million shares are going to = garbage soon.
The Conference Call was so good deepblue couldnt wait to sell more shares.
Squid you are correct. No more share buying right now. Its going straight into the company for now.
Wilf said its about $80,000 a month to run deepblue. That $60,000 was the salaries part of it.
MAX what else can you call it when a company is diluting shares and the CEO is buying in his personnal account? Im not complaining about him buying shares I think its great. Im not liking the selling of the shares in the first place.
Wilf dumping big shares at .02 from the company and buying some with his own money seems kinda wierd to me. But im not going to complain. We need big buyers from anywhere we can get them right now.
If people believed what Wilf was saying they would be buying alot of shares. So obviously there must be alot of people that don't trust what he says to be true. He has to bring up something of value or it will be the same ole thing. (HEARSAY)
I know Wilf is not going to change anyones salary. So my only hope is he stays on top of these guys and makes them earn it. There is alot of treasure out there and we need to bring something up sooner then later. Because with this salaried burn rate if deepblue does not find anything this time next year they may be no deepblue. Deepblue has to become self reliant because this stock can't handle much more dilution.
Capt Ed. I know Wilf does not like it when you talk here. But I know I do and so do most others. If what you say about Mel's divers are true then deepblue is paying way to much in salaries. If Mel's guys make $350 a week and they are a multi million dollar company, then why the blank is Wilf paying out so much? Deepblue does not even have any income yet. I know Wilf is generous and wants to do right for everyone. But can they at least get some money in the bank first with some treasure, and not milk all the investors dry? Once deepblue is loaded with money off its finds and becomes more self reliant by all means pay all the guys what you think they are worth. Have you ever noticed that a pro athlete has his biggest numbers in the last year of his contract. Why so he can make get more money and a bigger contract. Then the next years following the guy looks bored and his numbers come way down. What im saying in this long analogy is if Wilf is paying guys so well they may not be working as hard as they would be if they were hungry for more. And who is suffering from this most? We the investors who are paying those high salaries. And what makes me angry is they all sound like they are mad at us when we question them. If there was no us there would be no them.
DeepBlues payroll??? Wilf said they pay about 60,000 dollars a month in payroll per month. That is split between 15 people. The twins make
$1500 a month each so that is $3000 off the $60,000 a month payroll. That leaves $57,000 dollars a month in payroll split between 13 people. That leaves an average of about $4300 dollars a month for each person. That's an awful lot of payroll. Can you really tell me that can't be cut dramatically?
Also there was no comment on when the selling of shares would end. Im assuming it will continue. I also expect that the pps will not be going anywhere anytime soon if ever.
So while the conference call sounded promising, im still not sure shares holders are anything more then funders for deepblue.
REVERSE SPLITS NEVER WORK.If deepblue does a reverse we are all screwed. All they need to do is cut pay roll, stop diluting shares, focus on the best possible targets, and once a big find is made do a company share buyback and retire those shares. Its that simple. There does not need to be anything as drastic as a reverse split done. Why make things seem so difficult and complex when they are really not.
I could not agree more CAPT. ED.
Wilf says he thought the stock would be higher by now. Can anyone tell me how it is supposed to go higher when he is selling millions and millions of shares. That don't make a lot of since. I bet you once Wilf says he is done selling shares the stock rises. Any takers?
I have a question for the cc. Why is CAPT.ED, not working for DPBM? Someone with is knowledge, and talent? Wilf asks him to go to the DR with him, he went and had a meeting with deepblue. So why is Ed not in the water with deepblue and helping running things? That is a question I would like to know the answer to.
More dilution today time and time again.
Should we all go join in???
Joseph is letting them have it on the deepblue blog, I like it.
Capt Ed why don't you post on the deep blue blog and let them know how you feel?
More and More company sells, it never ends. I think investors will and should start blasting them on their blog soon. This is outragous, I for one am getting sick of all the lies. What do we have to show for all the 100s of million of shares diluted? Nothing but empty prs.
The company needs to stop selling damn shares period
Capt ED where do you live that you go fishing regularly? I might have to come join you oneday.
Good post Capt. Ed. I agree with that 100%
CAPT EDs post was put up on the deepblue blog and they removed it. That tells me that CAPT ED tells the truth and it must touch a nerve. Why would they take it down?
Rusty Mate, I don't know if they are diving or not. I live thousands of miles away. Until they SHOW ME THE MONEY, I don't think they are doing anything. It seems like alot of hype with no action. I've seen alot of boxing matches with this same type of flare. All show and no go.
Guys drop the soap opera. You sound like a bunch of old board house wives. Drop it and get back to the issues please.
The Deepblue Blog is so lame. Those are die hard cheer leaders over there. They are going out of their way to make names for this damn boat instead of insisting on getting treasure on the boat, getting the clerance needed etc. Call the boat shit head for all I care.
Yardboy reverse split is mainly for companies who arent producing. I think if deepblue were to hit something really big they would do a share buy back and retire the shares. I don't think Wilf is going to hurt the share holders any more then he has to. But I think his business sense is a little off. But hopfully he is learning from his mistakes.
Is it just me? Or is everyone ready to see some action? I want to see some treasure of some kind of value coming up? I love all the action, upcoming possibilities etc. But can we get something up first before going all over the world spending money. Can we make a little money before spending a ton of money at share holders expense? Am I alone here?