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That much is true...
"As you can see from the posts, most people have lost total faith in your boss."
You cannot conclude from the posts that "most" people have lost faith Wilf or DPBM.
There is over 400,000,000 shares in float and 12 angry men who spend all day on here bemoaning DPBM. We don't know what most shareholders think.
The facts do not support your conclusion.
You missed my point. The fact it is outside the permitted area does not support your conclusion of intentional manipulation. The producers want interesting footage. It doesn't matter whether or not it was in the permitted area and it tells us nothing about Wilf’s character.
The point was to show something interesting underwater. Your making a suggestion that Wilf was trying to mislead the producers and viewers. To what end? Once again, the facts do not support the conclusion.
So what?
But you offer no evidence that he has personally profited from all this. To the contrary, there is a new boat, with new equipment, there are repairs and services, and every week there is payroll. Every shareholder would like to see the divers back in the water. Every shareholder is disappointed by the dilution and PPS. Every shareholder is aware of Wilf's misstatements. But apparently not every shareholder takes personal responsibility for his/her investment decisions. The company is the same as it was the first day you invested; An unproven, inexperienced, non-reporting, highly risky, pink sheet stock with no revenue.
On what evidence do you base your claim that Wilf has gotten rich off of DPBM?
Linda...TMI!
Thank you Linda. I'm glad you are feeling better. -j-
If I allowed someone to come in my house week after week and empty it of all my possessions, I would think I was the fool. I certainly wouldn't dedicate the rest of my life to spending all day every day ranting about how I had been robbed and showing the world how foolish I am. I would learn from my mistakes and do something productive to restore my wealth.
Of course, I only set out on the porch what I am willing to risk losing. I don't give my house key to anyone and I am responsible for what happens to me.
As always, eyes wide open and cautiously optimistic.
You can spend your whole life looking for treasure and never find it, but when it comes to people, you will always find exactly what you are looking for. If you look for the worst, it will be right there. If you only look for the good, you are sure to find only that. I try to understand the whole person in the context of the circumstances the person is facing. As such, I do not regret my decision to invest in DPBM under WB's leadership.
As always, I am eyes wide open and cautiously optimistic.
Anything new with HABE? Anyone buying?
"Yes, he had a bad track record with past companies. But, I really believe he wants this company to be a success. I don't think he knew what he was getting into with the costs, he didnt know squat about the diving business, and he lived and learned. My gut instinct tells me he's still fighting to keep the company going and he believes it will succeed."
I agree. If he was just trying to steal our money as CAPT believes he would have walked away by now as he has sold just about every share he could. A lot has been learned and a lot has been invested in the future of this company. This is no guarantee that they will find treasure, but I believe it is a guarantee that DPBM is seriously trying.
As always, eyes wide open and cautiously optimistic. -j-
Thanks!
"people on this board never cease to amaze me"
Wow CAPT, I finally agree with you on something...although I am quite certain we are amazed by different people...I am most amazed by endless repetitive ranting and constant blaming of others for foolish investments...as if either of those will do any good for anyone.
As always; eyes wide open and cautiously optimistic.
Once again you make false assumptions. I have owned shares for nearly 3 years. Read my previous posts.
See for example posts 14388, 14330 and 14291.
Why do you think those with a positive view of the company are not buying? You have no idea. The only person who has recently publicly declared his intention to buy more DPBM is CAPT. A responsible investor does not post his buying or selling decisions on a public board, nor doe he ever encourage his friends to invest in wildly speculative stocks and most of all, he takes personal responsibility for his investment decisions. The stock price is low because the company has sold millions of shares to fund operations. That is what pinkies do. It will remain low until the company finds treasure and there is no guarantee the company will find treasure. Nothing has really changed about DPBM since the beginning. It is still an unproven, inexperienced, non-reporting, pink sheet treasure salvage company. The company has made progress by improving its equipment, but the best equipment in the world cannot find what isn't there. It is so simple, find treasure and the stock price goes up. Don't find treasure and it doesn't. If the company runs out of money before it finds treasure it folds and investors loose everything. Call me a kool-aid drinker if you like, but at least I knew the risks from day one. As always, I’m eyes wide open and cautiously optimistic.
Now fellas, don't think I have gone over to the dark side, but I do have to agree that the contest appears to be a silly distraction. It seems to have occupied the attention of existing shareholders but had little to no affect on drawing the attention of new investors. The focus needs to be on getting back in the water. Nonetheless, I remain, eyes wide open and cautiously optimistic.
Wow, I'm glad I checked back in here. Many good posts yesterday. Roo, Smendt, -B -- thank you. I thought the repetitive ranters had pretty much driven the thoughtful posters away. As always, I'm eyes wide open and cautiously optimistic .
DPBM is, as I have posted many times, a unproven start-up non-reporting pink sheet treasure salvage company. Yes, it is pretty much all or nothing. Either they find treasure or they don't. Most who have tried to find treasure have failed. If you want predictable revenue, invest in utilities. If you have a little extra money and want to have some fun, invest in DPBM. But whatever you do, take personal responsiblity for your decision.
"Notice, in the photo, how dangerously it was allowed to be handled; holding it above his head."
Just which photo would that be? Or is this just more of the disinformation and distortion that passes for fact around here?
I've said this before...this is an inexperienced start-up, unproven, non-reporting, pink sheet, treasure salvage company once promoted on an obscure internet site with a video voice over by a has-been actor. So to say "99.9% of the reason most people invested in this company was for the adventure and supposable little risk" just makes my day. Good grief, like Vegas, it is fun and the possibility of hitting big makes it more fun. But to suggest that a wise investor would think this is low risk and make a serious commitment to this stock is just ridiculous. As I have also said before, it is a questionable characterization to even call this an investment. So to all the Warren Buffet wannabes here, please take personal responsibility for your decision to put money in a shaky deal and get over it. I think the company is learning from its mistakes and showing promise. I’ve been in for two years and since day one have been eyes wide open and cautiously optimistic.
Your posts make me suspect you are shorting DPBM too.
Can I be $10k Jeeper? ;))
What I said was we have no right to know individual compensation. It is reasonable to know the total payroll and the company has reported this. Asking for an update of the total is a reasonable request. I also said that is disrespectful for someone who doesn't even work for the company to post individual employee compensation on a public board like this. You were careful to mind me that this is my opinion. Let me be more clear about my opinion. Disclosing an employee’s (non-officer) compensation without the employee's knowledge or consent is shameful. That is my opinion.
I did not say we are not owed anything. A full reading of the post will show that, again in my opinion, the company has been doing a better job or keeping us informed and has exceeded their legal requirement. Perhaps a more careful statement on my part would have been that they legally owe us nothing.
In my view the company has worked hard to succeed. Mistakes have been made and lessons learned. Overly optimistic statements were made and I think every one of us will agree that those are among the company’s (Wilf’s) mistakes. Nonetheless, I have a more positive view of this company than ever before. My respect for Wilf has grown as events have unfolded and I believe he is doing everything he can to make this company succeed. And lest anyone be so quick to remind me, I will certify that this is my opinion and nothing more. As always, I remain cautiously optimistic.
Sorry Linda, putting your life savings into this company was a big mistake. I have not put my heart, soul nor life savings in this company, only money I can afford to lose. I did it because there is the possibility of a huge return and because it is fun to learn about the wrecks. My investments are in investment grade securities and real estate not pinkies. I am getting to be as repetitive as the serial posters on this board, but I will say it one more time; This is a non-reporting, pink sheet, start-up, unproven, treasure salvage company. There is a chance to make big money. There is a better chance of losing it all. I’ve been holding and averaging down for more than two years on this stock. I’m long and lovin’ it.
DPBM employees have a right to privacy.
The part I do not get is why anyone would think the company owes us investors anything and why people do not understand risk. This is a non-reporting, pink sheet, unproven, treasure salvage company. It is not a good investment. It is, at best, a good gamble with a potentially high pay off. That is as true today as it was in the beginning. To think anything else is woefully naive.
Who gets paid what is none of our business. If this were a reporting company we would have a right to know officer compensation and nothing more. It is not a reporting company and there is no requirement to report this information. Sharing individual compensation on a public board (as has already been done) is disrespectful to the employees. How about everyone here post their own personal income on this board first then we ask the same of the company?
From my perspective, the company has done everything you ask for. Keep in mind, this is a cash strapped, non-reporting, pink sheet, treasure salvage company. They owe us nothing but have made a substantial effort to keep us informed -- perhaps not to your expectations, but they have exceeded mine. If, and that remains a big IF, they find something substantial, they will have no problem attracting investors. Those who buy in now are taking a significant risk with the potential for great reward. Don't expect it to perform like a big board listing.
Very interesting...is this a current post? Where is this site?
That's for sure Linda!
Yes, but don't forget that these shows always end each episode with pulling something exciting up out of the water (Alaskan crab, tuna or perhaps in dpbm's case, something shiny...). Of course, having an interesting cast of characters helps sell a show as well…and that I think we got!
LOL! I remain cautiously optimistic...but that is really funny. (Okay, and perhaps true as well.)
Good point.
LOL!!!
It's a pink sheet treasure salvage company -- a highly speculative investment -- that hasn't changed. You are correct that there is much to be revealed and the recent profits could easily evaporate. Nonetheless, I stand by my post.
I've been reading this board for nearly a year and have held the stock longer. I stand by my comments.
Well Ed, you have finally confirmed what many of us suspected, and others have stated; you are a bitter man who seeks to do harm to the company. You know as well as anyone who has been following this that Wilf requested that investors not speculate or reveal the site to protect the divers and what has been recovered. You have publicly posted information contrary to this request. Your only motive could be to harm the company and feed your own ego.