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Nope you've got it all wrong. Everyone knows all about this, they have just been trained to bend over and take it.
At one point the selling was supposed to stop. As soon as we were told it wasn't, during the first CC, I got out. That was in the low .02s and you can see where we are now.
Nope.
Yes CAPT, get a grip, others have lost a lot of money too.
In fact, I am quite confident there are a number of much bigger losers than you around here.
Hell, I don't retain most of my DPBM shares. LOL!
Me neither.
If you want to go start a Wilf Blume board that's fine by me. I'll put a link to it in the iBox.
True. If we can get it stopped here and turned around we are definitely showing higher lows as well. If we can hang in around here for a few days and then hear something I think we'll be gold.
I certainly agree that a few folks short-sightedness, panic and selling brought it down that day. NITE took that opportunity to make a bad situation worse and continues to do so now.
I just think we missed a great opportunity to turn this around. Sure it will happen eventually, but who knows when at this point.
At least we know that NITE can be spooked. Either that or else it didn't make sense to manufacture more shares while desperately trying to cover a few cert requests.
Not to be argumentative, but the financials is not the only reason. The turn around and spike to the high 30s directly corresponded with the absence of the AH trades. They started again the day of the sell-off from which we could have easily have recovered. The reason it stayed down and is currently trending lower is the same reason it has been for months -the selling pressure that has been accompanied by the AH trades.
There is nothing preventing it from going to .16 again. There are no more buyers now than there were 3 weeks ago, less probably. If we go until the end of August without amazing news and without a stop in the AH trades, you can bank on it. You can bet they are gunning for all the shares that go red when we dip below .15.
I may be part of the instant gratification internet generation, but I've been waiting for that 'big stick' for 5 months now. That's pretty patient for a point-and-click type like me.
I'm just worried that 'very near future' is on the same timeline.
I wouldn't care so much except that it looked for a while like the MMs had given up. The AH trades had stopped and the share price was responding as it should to the buying and selling, and actually going up. Apparently, the MMs have decided there isn't anything to worry about after all and turned back on their shorting algo.
It sure would have been nice to have all that information last week before the MMs got bold again and we lost our momo. Now we could be looking at new lows in the next week -that would be unfortunate.
Heck, I'm still just waiting for the 'big stick'. Let's do the eclipse after that!
I don't know, you tell me. What have you been imbibing this morning?
It couldn't have had anything to do with the fact that the selling (whether nss or not) -evidenced by the daily 50-250K after hours trades- stopped a couple of days before the CNBC spot for the first extended period in 3 months?
During that week or two 6M shares traded hands, mostly buys and the price spiked which is not unexpected with such a tightly held float. This was also when a couple major cert requests were going on. Those have apparently been filled.
And now they've started selling again and the price goes down. The 5K & 10K blocks that we've seen for months are going on right now trying to beat us down below .20 again. Quite obviously the algo trading used to drive us down before has been turned back on.
But no, it isn't the MMs, its a conspiracy amongst the moderators! Or perhaps lowman, Kelseyf and BigMur are just the online faces of the computerized algo system. They can be a little repetitive, uptight, and inflexible in their viewpoints, just like a computer AI. ;)
Maybe they're Cyborgs! That would be cool!
Do you know when KR's 55M shares become unrestricted? I can guarantee you that when that happens we are heading down. Hopefully we will get a spike before then for those who want to bail. I don't know how that would happen without the deep site though.
That's valid. We have no idea what true cash valuation was gotten for those shares. I hope and pray that KAA pulled off a miracle and bought us some acreage in heaven itself with those shares, in fact I am still betting on it. I just don't know the odds.
All I am saying is that it is much easier to get a better, more accurate valuation for the shares you are using if they are closer to their actual value. KAA did say that last fall he stopped using shares in lease deals for a while because of the share price. But at what price did he start again? $.06? $.12? $.20? Only time will tell if it using any of them below $1 was worth doing.
There either is or isn't a way to deal with it.
If there isn't then we are all screwed, because the manipulation will continue forever.
If there is, whatever it is, it should have been looked into much sooner.
If they had to have money to get the job done, I would have much preferred them taking on some debt at 10% than using company shares supposedly worth $2 at 1/10th of their value. Losing 80%-90% on the value of the shares is much worse in my opinion than taking on a little debt even at credit card rates!
That argument has never held water. I haven't messed with my own shares much since I would actually mess with the sp even more if I tried to flip.
However, I have been shepherding a cash account for my dad who is out of the country. He got 24K shares around $.41. Right now he wouldn't have had to pay any taxes at all on his losses, regardless of the tax rate!
However, he now has 45K shares and $2500 in cash and is green at the current sp of $.20 or so. I doubt he's going to mind that he's going to need to a pay a little more in taxes on his nearly 100% increase. And quite frankly it wasn't even all that hard, I've made like 7 trades in his behalf in the past 6 months. It was like I was day-trading the account.
40% increase in the O/S since last year. Just got caught up on the last 2 days of chaos since I was traveling.
What I think is really sad is all the bullchit about the stock price not affecting operations and KAA's touted lack of concern about where the share price is.
Keith's whole original goal was to acquire prime leases and get bought out. Sure they are doing development to get cash flow positive which is great, but they obviously have used a boatload of restricted shares on leases. We were at 50M according the to report as of June 30th. They've had a whole month more of stealth-mode leasing going on, so where is the O/S today?
If they had dealt with the share price first, the last 15M shares issued would have gone a hell of a lot further regardless of what they were issued for. They could have done the same on 1/4 of the amount of shares if they had taken care of things first. Whatever those share went for brought an equal or better value into the company, I understand that, but only at the current undervalued share price. Would the giving out of those share for whatever we got for them have been worth it if we were sitting at $2 like we should be? I doubt it.
But does KAA care about that? I don't see how. As long as he gives himself enough shares as salary so as not to dilute his overall percentage it doesn't effect him. Lame, lame, lame!
Maybe we are better off than we were last fall, we probably are.
I think we are, enough that I picked up another 35K today at $.20. I still think things could have been handled better. Call it bashing if you want, I don't really care. You disagree then go ahead and start smacking that ask, I won't complain. I won't complain if you start bid-whacking either, because I am sitting on the bid.
I've been on vacation for a few weeks, so I haven't done anything. I don't get home for a few days.
I'm only watching this one now, not riding it down to new lows. I'll wait for this to turn around before I get in again.
The discussion has been heated, but interesting to say the least. However, the discussion needs to be about Deep Blue and not other posters. Some of you have already had privileges cut back by the iHub admins for making personal attacks and other TOU violations. More of you are borderline and had better read the usage policy. Posting the contents of PMs is prohibited. No personal attacks. Most of you lately can't even follow the simplified version:
http://investorshub.advfn.com/boards/Terms.asp
If you disagree with someone, point out where they are wrong. Don't just start attacking them personally. There are a number of new posters who've joined us from the DPBM blog who have had very little to contribute other than to come in and start yelling at people they disagree with. Lame.
iHub is a discussion about stocks, whether to buy or sell them. Some folks have been yelling at people who own the stock for being negative. Just because someone owns the stock doesn't mean they should start ignoring the negatives. That is how most of you 'longs' got into the predicament you are in now. I find that ignorant at best.
We are looking for exit and entry points here, especially since this is a pinksheet. If some of you choose to hold long regardless of what the share price is doing, that is your choice. Just don't expect everyone else, including shareholders, to join your cheerleading. Likewise, if like fugeguy you are here to do nothing but save the shareholders from themselves, that's ok. Say your peace and be done and don't expect everyone to agree with you.
If you are lost somewhere in the middle, well, best of luck!
That's enough of a rant for now. I am supposed to be on vacation.
LOL. Sorry, I can't help you out here. I can only tell you what I think and what I am doing and it's all IMO.
DPBM is an 'I told you so' waiting to happen. So far the detractors have been winning that battle for over a year. And despite what SOS thinks we haven't hit bottom. On the pinksheets there is NO BOTTOM. Once you hit .0001 you just reverse split and go lower. I posted chart a month or so back where this had happened for two years. We are far from that so far, but when you think something has dropped as far as it can, you are always wrong.
Anyway, so far the detractors have been right, from fugeguy and his personal vendetta against Wilf on down. If they had been listened to people wouldn't be losing money here, that's historical fact. I personally have taken this approach for the most part. I don't leave money in DPBM for extended periods of time, pinks should never be invested in, just traded.
On the other hand DeepBlue is in an interesting business where it's financial situation can change overnight. Who knows what they might find and have the stock jump up 10x. Then there will be a lot of 'I told you so' coming from the other side. Will they be right. Maybe. Not from the perspective of those who got in at .60 or .20. Yardboy made the bold move to average down only to have it drop 50% again.
At the time I thought he did the right thing. The deep site had a lot of promise. Now I don't know. I got out after the first conference call in the 20s at no loss. I bough back in at .12. My money was back off the table again as soon as I heard the deep divers had been let go. The deep site was the only thing that kept me here and obviously nothing is going to happen there for months if ever.
I don't know much about the DR site, but I am sure the payoff is nowhere is big as a treasure wreck. I'm sure even if they make a good find ($50M of which we get like 1/2? 1/3?) that it will end up going to 'expenses' for the past and next year and the shareholders will see little value from it.
So as far as I am concerned my money is on the sidelines for now (except a small lotto ticket which I am willing to lose completely).
You are correct. Keith said nothing about Hemi controlling all of that shale, that was a blanket statement about SE Kansas. It doesn't even need stating that Hemi's holdings are but a very small part of SE Kansas.
The weather has been great, but I just couldn't help but peak in. Actually, I was hoping to get more HMGP around .16 but I might have missed my chance while traveling. Oh well, I've got my fair share. Nice to see it moving.
;) I must thank that MM someday.
I've got 80% of my shares in an IRA, which represents the majority of my holdings there.
As I've mentioned before, at current levels HMGP has moved up my estimated retirement by a decade or so.
I am leaning towards quirk. I have seen it there (allstocks) for a long time on this and other stocks, always with the 0 ask.
I can't tell if you are being sarcastic or not. lol.
Seems like I've missed a lot being on vacation, but I just had to clarify this shell stuff for folks.
Shells are worth approximately $300-700K. We currently have a market cap of about $6M. So we would have to drop to 1/10th or 1/20th of our current levels. Sticking around until that point is entirely worthless as that exactly what your shares would be by then.
Shell plays are legitimate, but only a handful every year really make it big. Usually most do no more that a little pop. Additionally, most companies looking for shells look for very small float shells which this is not. There is no point in buying a shell where all the shares are owned by hundreds of random shareholders. Finally, there are number of other shells available. These are usually preferred to be companies that are being brought out of bankruptcy after laying fallow for 7 years or so for legal reasons. To be a useful shell, all of the filings and finances need to be current. There needs to be no baggage brought along from the previous company, that's why they call it a 'clean' shell. This is trivial with a 7 year bankruptcy re-activation. These are worth something because the clean filings allow these to often be uplisted easily to the OTCBB.
Trying to clean up something like DPBM isn't worth the time. The only time this is done is when a scam corporation moves the shell on to the next scam, usually through a reverse merger. I don't think this is what is going on here, although I guess the next few weeks will be telling.
DPBM's only value is in the wrecks it is sitting on and how they are handled, IMO.
They may not be able to loan them, but they aren't real shares in the first place. If all you have in your IRA is FTDs then they would still have to go get real shares if you requested your cert. Scottrade is still giving me the run-around though about requesting certs in an IRA.
I may just have to rollover the account.
You guys crack me up. You are switching from cheerleaders to bashers every couple of days and argue with folks who hold the opposite point of view from you on any given day.
Pinkies really are not generally for investing, its true. Most folks here at ihub are not investors, they are flippers and frankly they are the ones who are better off in my opinion. It is also true that a lot of the time they are making money off the longs. This is because in general the longs are usually either blinded to the realities or simply used to losing money.
So, don't get on people's case when they drop by the board looking for a bottom play. That is the majority of what it going on in pinkyland and on ihub. It's what I am doing too. I got out of this in the 20s right after that first conference call. Weren't you folks quoting Wilf that this would hit .14 before it went up?
I couldn't find an email for him last time I checked.
FYI, I'm outta here for a few weeks. Taking the kids to the beach, etc. I'll have my laptop, but I really don't know how much I'll be able to check in.
Anxious to see where we will be in two weeks.
I understand what you are saying, but I don't see it being a real problem. A listing on a higher exchange will let DPBM do something pinks cannot, which is approach it's true value. Pinks are certainly more volatile, but rarely reach a correct valuation in my opinion.
If we were on a higher exchange and properly reporting, then any substantial finds would probably more quickly be reflected in the share price.
Actually, the large amount of after hour trades (formT) that often accompany the dumping of share by one of these companies and slowed down considerably, if not outright stopped. That doesn't mean that they might not have simply changed their MO and the tell-tale sign I was seeing are gone.
So the past month+ trading patterns would confirm this as well as the recent change. Circumstantial evidence, but I don't see anything wrong with that story.
Actually, for Wilf to be able to convince someone not to immediately sell the shares, but wait for them to go up, would be a good sign. Especially when looking at the chart which has been trending down for quite a while. I wonder what he hinted at to the guy. Like maybe we got treasure coming up sometime this summer for sure? :)
I suppose that part of it could be they aren't even supposed to talk about it until they get the go ahead. I agree, that kind of 'radio silence' can be annoying certainly, but sometime they have no choice.
I don't know if that is the case here, as I am ignorant of the finer details of the treasure business. The last time I saw the ocean was 3 years ago and the last time I was underwater was at a pool 700 miles inland. :D
Nice. I actually love the previews. Usually by the time they are over I'm so excited for the new stuff that's coming I have forgotten what movie I am there to see in the first place.
I'm actually working on my home theater this week and have a copy of M&C I haven't watched since the first time I saw it. I like to wait long enough to hopefully forget some of the plot details (doesn't usually work). I'll have to use it to test drive the new setup.
As for the next DPBM PR installment... is it possible they have been diving on the deep water site for a number of days and possibly have even identified and mapped out some booty? Maybe they are just waiting for the say-so from the Marine Sanctuary folks and they go back down and haul up the stuff they've already markered. Wouldn't that be nice.
Well, I hope you don't disappear completely, but if that is part of the deal, so be it.
I think Wilf is a really nice guy, so I am glad you both got things worked out. I for one would love to see us all hit it big so that we can all get together for that shindig in FL someday.
Well, I see where our viewpoints differ as I would much rather be considered a crook than retarded. Personal preference I guess.
Oh and
yes,
no,
and you really need to keep up with the posts and know people's stances rather than jump in every few months with your rants and make incorrect accusations.
On the subject? Could you direct me to even 3 posts where you were discussing the future prospects of DPBM?
For quite blatantly breaking the TOU:
http://www.investorshub.com/boards/Terms.asp
Both the simplified and detailed versions. You disagree? Why don't you bring it up with the iHub admins and see what they say.