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I sure would like to see posts about DPBE on this board, instead of posts about a man who has nothing to do with the company.
Darrell nether may be the worst person in the world. But, even if he is, I DON'T CARE. He is not associated with DPBE and the posts on this board really need to at least show SOME interest in the company.
This is not the "Darrell Nether" board. Yet 78% of the posts mention him. Let's discuss the wrecks found, the ships lost, and the situation (Good and bad) with the company. Anyone agree we need to refocus this board??
Now ORRV is back without the pond scum? But the CEO is the one who worked with his friend to commit what seems now like to DEFRAUD people by saying he found a bunch of emeralds. The CEO is under investigation and the FBI is finalizing their case against him, aren't they? that's what it looked like from what I read. And the person who he helped and who he found those emeralds with committed suicide when the deal fell apart and it became evident that they were bought in a store and not found on the ocean floor, yes?
So how is that they are able now to look for better things? Or search anywhere? They have no boat, they have no crew, they have no scanning equipment, they have no money, and they have no shot to TAKE. What research can they DO?
permit cleared FINAL hurdle
Six weeks ago according to people here and indirectly from KK.
We had the GPS goof. that was going to increase our size of the area, but it also was the ONLY thing that was holding us up. Then some guy wanted us to map all the mag hits and put them in order as to how we were going to go after them. We did that. And then .. well, then we were done. It had already gone to so and so's desk for approval, and would not need to go back. It had already cleared the Thursday meetings, and would not need to go back. It was already past the lkast reviewer, and woul dnot need to go back. In fact, Kyle was waiting (I think now four weeks ago) for a phone call to go pick it up. Literally just a phone call. It was done. Needed the ink to dry, and then he could pick it up. that call was probably coming on Wednesday, although he might pick it up late int he week or early the next week.
Now? Lord knows what now, as nothing has been released. WEEKS later. So, I ask the board a tough question. One I am askikng myself, having talked to Kyle numerous times.
Is Kyle just an overly optimistic person who sees things as a green light when the state is still really giving him a yellow or red one? Yes, yes, I know. I can call and talk to him. I've DONE that. NUmerous times. Every time, he is about to figuratively discovery that the moon is made of gold, not cheese, and about to fall into one of our permitted areas. Yes, he is optiomistic. Yes he cleared some tough hurdles but now they are done. S hoot, back in MARCH or so he was FINALLY clear with the financials that SFRX had to help Heartland finish so the final
approval could be given and it was probably about 2 - 3 weeks away. Obviously, he was wrong about that. Optimistic? yes. Moving forward? yes. But his thinking was inaccurate, no matter what you say. So again - is he just super optimistic, and tell ing us all the positive things he hears because they stick in his mind, yet the negative things that are mentioned go right through and they are important but ignored by him? I have to admit I HAVE seen it in treasure hunting companies before. Optimism that turns into unintentional lies. Whether it be four or five times that a supposed TV show would be finished and aired or a supposed split with a governmentof things already found, in spite of the fact that the government was firmly saying it ws NOT about to happen, people hear what they want to hear and get excited about the positive. I in NO way think Lyle is stringing us along. But there is NO doubt that when things are expected like a permit in a few weeks and that drags out to MONTHS, then theinformation absorbed by the person saying they are done and ready to pick it up is incomplete.
I said I was concerned about six weeks ago. I said I would give it another week and then might lighten up. I was told, by more than one person, and even on some posts, basically "Don't sell at the end of THIS week. Watch. Something good (wink wink) is coming, and we expect it early NEXT week. DOn't miss it by a day or two. Hold on. You'll be happy. Watch. early next week." OKay, that was over a month ago. Just seems that something is missing.
ANother one to answer. In the last four weeks (Not before. Not the GPS coordinate. Not the review back to someone else's desk. Not the Heartland issues that needed fixes) WHAT has truly been the hold up? It already passed the LAST Thursday meeting it needed to go to. It got final approval from all the higher ups. It was waiting for a phone call to pick it up. So WHAT is the hold up THIS time. And is it ALWAYS going to be a "this time" issue, as the state plays with KK or KK hears what he wants to hear and doesn't hear the rest?
Yeah, a little grumpy this morning. But when someone says it is coming soon and you can read their post about it, ans see the SAME words from teh SAME person a month later, and a month later, and a month later, then either that somoene is misinformed W(ell, obviously, since it did not come "soon" on the post from months ago) or that person is not hearing the whole story.
I fear in this case PauL harvey's "the rest of the story". ANd my time is about up. I don't want another scenario like in other treasure hunting companies, full of optimists and yet not having thethings mentioned come to pass. (now do I want to eventually see a price of .0004!)
SFRX is expected to announce this week that they HAVE the permit to salvage what is said to be a KNOWN treasure wreck. One from the 1715 treasure laden fleet. This ship was found over 10 years ago and it has been a battle ever since for someone to get the state of Florida to allow salvage. The fact that it is supposed to happen THIS week should move this stock FAR, and the fact that they "KNOW" there is treasure there and KNOW WHERE to dive for it (As artifacts were brought up to prove it ten years ago) means they should be announcing treasure on board within a week.
I don't hype stocks often. Hate the games that are played. This is my first time saying I think I have a stock that will SHORT TERM be a ten bagger since I started in I-Hub way back in 2006. But I truly believe it.
At least take a look at the SFRX board. You'll get a lot of information there. And since this is one that has been IN THE WORKS for ten years, it's not like some pie in the sky "hope". It's been a legal battle and a long one, and expectations are that it is OVER as of last week and shall be announced THIS week. At least look. Then - do as you wish, as this is my opinion and not legal or financial advice.
Yeah.
have a good weekend. LOL
I do believe "June" is the winner. No one picked it on the original poll, but I'm happy with it anyway.
Didn't someone say that when volume and price picked up that it would be indicative of a permit finished and cetain ones leaked the news? (Not me, but I see the handwriting on the wall. "Mene, Mene, Tekel ... approved" Okay, so I don't know the last word in Arabic.)
Bucc, you ready to send out that certificate? (Okay, we'll wait for the official announcement)
Unfotunately, I must disagree.
"Deep Blue Marine - STILL The ONLY Pink Sheet
Treasure hunting company that actually hunts treasure and FINDS it.
"
We are now starting the month of June. the year is almost half over. How many days has Deep b lue dove for treasure this year?
the answer is zero. Absolutely, totally, definitively ZERO.
So, I think it is more appropriate to say Deep Blue is a pink sheet treasure hunting company that USED to dive for treasure.
At what point does it go from "We are diving for treasure" to "we used to dive for treasure" if they don't dive for the entire spring season and now the start of the summer season and still nothing in sight for them to dive.
Oh, and the other DR diving company? They ARE diving - in FL. They too have issues with the DR, as you pointed out, but they went with plan B and are diving in Fl. they hope to return to the DR in September or something like that. Deep B lue though is just saying the DR has not done what it was supposed to do and so they are not diving.
Not diving.
Not diving.
So they can't be the only one diving, if they are not diving.
And Seafarer also is a pink sheet diving and finding treasure. SO eve if Deep Blue WAS diving, which they are not, they would not be the only pink sheet doing it.
yes, I see the picture of all the wonderful things Deep Blue brought up. But what was given to Deep Blue already has been spent, in one way or another, and what has not been given will go to the DR government, the London investor, the Limited Partners, and THEN to Deep Blue, with what will be about 7% to 13% of the treasure the way I figure it. What they have found so far won't go far with those splits happening before the company gets their share. (And saying they get 50%? Not even close to true. They only get 50% on the FIRST split, with the DR government. then it gets split a few more times before it truly gets down to DPBE getting some to KEEP or SELL)
So I disagree when you say we are "diving". If we have not dived a single day in ALL of 2014, then how can you use the present tense to say we are "diving"?
Please DO say what leaps and bounds you are talking about.
"$ORRV IS LEAPS AHEAD OF OTHERS IN THE FIELD. OTHERS HAVE TRIED TO COMPETE AND FAILED. I AM KEEPING MY MONEY IN $ORRV "
ORRV was given an area and a boat. They had a crew on that boat. They didn't pay the crew, so the crew quit. The crew also took the equipment from the boat for their back pay. The boat then was put in dock. the dock fees were not paid, and the boat was taken. It is gone. Forever. The only person standing as "the company" was the CEO. the CEO and a friend of His named Jay then said they found a ton (Figuratively) of emeralds. Even have pictures of the CEO and the emeralds. Then ORV announced they owned 5.21% of the company that Jay started that officially found the emeralds, and that Scott helped him find them. That story started to unravel, and finally a store owner admitted that the emeralds were BOUGHT in the store. NOT found. Jay in turn committed suicide. That left the CEO again. The FBI was at the trial to ascertain the legality of the emeralds, and has served the CEO with a notice saying he (And a few oth4ers) are officially under investigation for the fraud committed concerning the emeralds.
THAT'S the facts and the DD. No boat. no crew. No employees. No money. No boat. No friends. And a CEO under notice that the FBI is probably going to indict him for treasure finding fraud.
Tell me what part of that puts them leaps and bounds ahead of the competition. Tell me where ANY entity would want to merge with ORRV, since ORRV has no permits for ANY areas and no friends in the industry any more. Even if new money came in, there is nothing to DO with that money, since they can't dive anywhere and entities like the state of Florida are NOT going to give a permit IMHO to a group with a CEo about to be indicted for fraud in the very area (treasure hunting) that they would be looking for a permit. Nope, new money would actually be leaps and bounds ahead if they started from SCRATCH instead of starting so far behind the eight ball with a company like this that has about 6 strikes against it and nothing going FOR it. Just tell me why you think they have anything going for them. I'm not opposed to hearing the other side of the story. Just want to hear it, instead of being told it exists and nothing else about it shown. Thanks.
Fernando
"somebody on the ORRV board keeps deleting my posts on Edward Krajewski.....but why?? "
Because Ed Krajewski was never an employee of ORRV, never connected to ORRV, and so he is not on topic. Makes sense to me.
Call it ... karma.
Brett
Actually, the last time it traded 40 million shares in a day, it started the day at .0003 bid and .0004 bid. It ended that huge day of trading at .0003 bid and .0004 ask. Can't say it
"ran" that day on the volume, can you? Do it again? Maybe. But probably at .0002 bid and .0003 ask this time around. It continues to trend down.
Eduardo
What does this person have to do with ORRV? He never worked for them, never was involved with them, and I don't see how that is on topic in any way. So 15 years ago, before ORRV even existed, some guy in Philly got in trouble. SO what? NOTHING to do with THIS board.
George
Some think big news is coming on this stock?
Really?
Maybe they found some treasure?? (Oh - they have no boats. can't be finding treasure.) Maybe they brought treasure up from a spot they already knew about? (Oh - they have no crew). Maybe they are using someone else's boat? (Oh - they have no permitted area) Maybe there is a merger coming? (Oops. The company is under ACTIVE FBI investigation for fraud, and is a tainted entity until that gets taken care of. Nobody in their right mind would want to merge with this when there are other shells out there MUCH cleaner.
Well, I guess the rumor is just not true. No big news coming. UNless the CEO gets indicted by the FBI of course. that would be big news. Doubt it would help the stock price though.
a little chasing going on this morning. Ask keeps getting hit. That's a good sign. Would like to see it pop back to about .017 like it did a week ago or so. A better launching point when the permit is issued. Bucc, our clock is running. I have three and a half weeks left. Still think it will happen in that timeframe.
Talk to you all tomorrow with my one post.
Agreed.
bucc1961.
I'll take you up on that, since sctts doesn't seem to want to. Sure. If it happens within 4 weeks you send me one, and yes if it does not I'll send you one. I'm good with that. Gives me more reason to hope on that permit coming (Because I'm getting my own concerns, so this will help me stay strong. Strange, but still ... I'm in.)
PM me, or I'll PM you next Friday, and we'll get each other's addresses. I'm good for it though, if you are in.
I'll give that permit one more week to show up before losing faith. Since in theory there is nothing holding it back at this point anyway.
Let's see if it happens next week.
For all you bulls. A question.
I've been a believer. The permit is coming. But I'm beginning to wonder WHY it is still being claimed to be around the corner and yet is not here. It was 5 or 6 weeks ago that they supposedly HAD it, and all the obstacles were cleared and done, but then there was a GPS point that was incorrect, so they were going to change that one little point and be done with it. I understand that. All the issues with Heartland were fixed, the final reports sent in, and only that coordinate was to be changed.
now it is six weeks later and we are still waiting for the permit? SOmething is beginning to not add up here. It's been a long time coming, and I know that every time it was about there another hting came up, but if all the hurdles were truly jumped why is it not here finally? WHy are we not done? If they meet every thursday, then why not sign it with the new coordinate (Which doubled our size, I know) four Thursdays ago and we start diving?
I'm long and strong. But logic is creeping in saying at some point it either comes or it doesn't, but it can't remain "on the verge" forever.
If anyone knows SPECIFICS as to why it has NOT come yet, after all the hurdles were done by the end of MARCH, I'd love to hear them. Or PM them to me, butsomething is beginning to sound like things are not as they are being told, or that one guy holding it up at the state who was told by his BOSS to expedite it six WEEKS ago would have finished up on this and it would be in hand.
I really do NOT want to sell off, and I'm trying to remain positive, but eventually it's time to stop saying it is just around the corner. PLus I'd hate to drop the price by selling so many shares. Although Bucc might be a buyer and hold the price if I decided to sell. I guess i need some hand holding. More than "it is coming" because that has been the same since NOVEMBER, and I see NOTHING progressed from MARCH. That's just not right.
THoughts?
BB61. As a poker player, you know that the newbies are the ones who end up walking out without their money. the same is true in stock trading when it is a pump and dump scenario. You may think you are doing well. But, you win a few, you lose a few, and then at the end of the year, you notice you have more losses than gains, write off $3,000, and carry the rest forward. turns out you were the newbie who walked away with less than he started with.
I hope that is NOT what happens to you. But still, you ARE a newbie to investing, and this IS a shark game of people who are looking for others JUST LIKE YOU.
You think the reason ORRV is not moving up is resistance? I personally think the sharks have been buying at .0003 and selling a .0004 all along, while telling OTHERS to "take out the .0004s" or worse yet "slap the ask" Because THEY are on the ask. ANd when you buy at the .0004 ask, THEY make a profit. As for you? Well, it already has shown that even 55 million shares traded can not make it move above .0004, so your odds of making money? Slim. You are the one who ends up being played. It's how it goes. My thoughts are to not get involved with these guys. they are scamming you while at the same time pumping you up (hence the success of a pump and dump) They don't CARE, because they say that it is all about making the money, not who you hurt when you deceive to do it. At least with your poker playing you KNOW that the object of the game is deception. You play the player, not the cards. Your words. Agreed. But stocks should not be that same way. Pumps on pennies ARE the same way, but that doesn't make it right.
"Quite enlightening to a novice trader such as myself. " Ouch. Just who they are looking for!
Best to you in your trading, but know that the newbie usually loses, the game is already being played and you are already losing chips, and odds are against you. You'll see that when you add up the gains and losses at the end of the year. Or you may still own shares in ones you did not sell yet. Maybe even ORRV. But it is a dead company, and the ONLY reason for volume is the pump. Be part of it, and go to the dark side, or avoid it. But don't be its patsy.
Hopefully good advise for you.
I'm out of here for a week, starting in 30 minutes. So I won't see your reply, or the pumps that continue, but good luck to you.
and you have over 5 million 4's. Gives you over 11 million shares.
Going to be tough to get rid of that many as the volume starts to dry up. Unless you plan to hold long term. SO, as a major shareholder now, let me ask you if I have missed anything as to why one would want to hold this company. Your thoughts?
Why would you hold long term in a company that has 1)No boat 2) no crew 3) no equipment 4) no permit 5) no contract 6) a CEO who HAD a contract with another CEO to bring up emeralds that turned out to be bought in a store and a scam. The other CEO committed suicide over it and the CEO of this firm has been told by the FBI that he is a target of an investigation into the fraud.
Give me some good news about this company that makes you want to own 11 million shares in spite of them being out of business. And no one is going to merger in when the company itself is in the middle of an active FBI investigation for fraud. You have a reason for buying 11 million shares that would make me or others decide the company is worth buying again? Anything??
The chart?
The stock ended last Thursday at .0003 bid and .0004 ask. it traded 40 MILLION shares on Friday. Ended at .0003 and .0004 ask. It traded 14 million more shares today. Ended at .... you guessed it. .0003 bid and .0004 ask.
How is that a positive chart??
Or, as I see on here today "It is thin!!"?? really??
Yes I can give you thoughts on a potential merger here.
It is NOT going to happen. Not in the works, not being discussed and not a potential. At least IMHO.
Let me try to put the facts out here, at least how I understand them. CaptEd has more knowledge on this than I do. Look at the post that is pinned to the top. According to that,
The CEO has been served by the FBI as a target into an investigation for fraud concerning emeralds that were supposedly found which were in fact bought at a store. The CEO of this company "co-found" those emeralds, along with the CEO of another company who masterminded it. That person committed suicide last year when it fell apart. The CEO here is alive and well, and we wish him well, but the FBI had told him they are coming. Just not at the door yet.
So, with him facing a probability of indictment, and the company under an ACTIVE investigation of fraud, no one would probably do a merger with this company at this time. Don't you agree? Maybe in a few years, if this blows over, but for now, it is tainted and as I said ACTIVELY being pursued by the FBI, so the DD says no merger is in the works.
Hope that helps.
it does?
"Ask looks super thin....could run with ease "
It traded 40 million shares on Friday. the first day of this volume. It moved up on the as form .0004 to .0004. Nothing.
In 40 million shares, it moved up a few times but always came right back down, and ended unchanged. Where are you therefore seeing that the ask looks super thin??
Please explain that one.
traded over 40MM shares by the end of the day. ZERO movement. Started the day at .0003 bid and .0004 ask. Ended the day at .0003 bid and .0004 ask.
So much for only 5MM on the ask at .0004. Kept trading and trading and trading, and the ask kept coming back. Unless some of those who bought at .0003 very publicly were also quietly selling at .0004 TOO, and just trying to get others in at .0004 so they could be the sellers there. Hmmmmm. that's an interesting way to look at today's trading.
At least 40MM shares were able to be moved in a treasure hunting company that has no boat, no crew, no equipment, no contract and no permit. So all the newcomers helped in that aspect at least. Hopefully some of the old-timers were able to get out on this volume, since it was impossible before. And getting out now beats the grey sheets, as Ed is probably right in that this is going there. Since Jay committed suicide and Scott and Steve are fighting the FBI to try to avoid arrest for fraud on the emeralds. Nothing else happening here, so this latest increase of buyers and volume should help those who want OUT. let the NEW guys get stuck with shares when it hits the greys. LOL
ORRV is a treasure hunting company that has 1) no boat (taken for lack of payments of dock fees) 2) no crew (Left for lack of payment) 3) no equipment (taken by employees for past due wages) 4) no contracts (a biggie. they can't dive anywhere even if they did have a boat) 5) No financials (they stopped reporting them when they basically went out of business) and 6) no hope. (the hope this company HAD was ONE deal. they owned 5% of a company that found some emeralds. Turned out that the emerald find was a scam, and the CEO of that company when found out committed suicide.)
Yes it is thin. But the buying side is thinner. they are basically out of business, and I don't think you'll get any buyers when you get ready to sell. IMHO of course.
(telling people the facts about he COMPANY can't be off topic!)
ORRV (the new group of buyers that is) traded 28MM shares and can't even get a move of .0001 on the stock? OUCH.
Started the day at .0003 bid and .0004 ask. With 90 minutes to go, traded 28MM shares, and bid is ... .0003 and ask is .0004.
But last trade was at the ask, which shows the last trade up 33% from .0003 to .0004. LOLOL. Yep, you're all making money now!!
back to that reality post.
It's a treasure hunting company that has 1) no boat (taken for lack of payments of dock fees) 2) no crew (Left for lack of payment) 3) no equipment (taken by employees for past due wages) 4) no contracts (a biggie. they can't dive anywhere even if they did have a boat) 5) No financials (they stopped reporting them when they basically went out of business) and 6) no hope. (the hope this company HAD was ONE deal. they owned 5% of a company that found some emeralds. Turned out that the emerald find was a scam, and the CEO of that company when found out committed suicide.)
Yes it is thin. But the buying side is thinner. they are basically out of business, and I don't think you'll get any buyers when you get ready to sell. IMHO of course.
Oh, oh, but let's look at the TECHINAL chart.
hmmmmm. Been in a downtrend for a LONG time. Sitting down near it's lows. NO recent movement until the last 24 hours. NO move up even with huge volume. Below the 50DMA. Below the 100DMA. Nope. tehcnicals don';t show a break out EITHER.
ohhh. the ask at 5 just started out at 16 million. Higher resistance than thought. Ouch. Oops, now it is at 17 million. Someone piling on on the ask. ONe of the buyers at 4 already breaking ranks and trying to get out at 5? Ut oh, cracks.
And I see the bid just dropped from over 1 million to 700K as someone SOLD at 4. Anotehr seller, deciding that buying at 4 and seeing resistance he is out at 4 and only cost him a mere commission?
Look out. Last one out the door gets 3. Or maybe 2's. Better beat the others out, as the resistance is stronger than expected and the ranks are starting to flake away.
ohhhh . Someone just sold at 4 and took it all out. Someone is OUT already. the bid is already down to 3. OUCHHHHHH!
"I said it looks like a low floater ~ which it is. And now it's up 33%"
Not really. It was a bid of .0003 and an ask of .0004. Last trade was on the bid. Now last trade is on the ask. Still same bid though, and same ask. Most normal people buying would buy at .0004 and could sell at .0003. Meaning your bagholders, not you and your guys. You know to put offers in at the bid and sales at the ask (Which I agree with. You are doing it the smart way) But still the intent to have others buy into something you are hyping for NO REASON and then get out leaving them with the bag? Just not a good thing, and not something I would say is "up 33%".
Because you are a scammer. You are pumping a stock that is dead, and people (Others - not you of course) get hurt when they buy into your hype and buy a stock like ORRV that has NOTHING going for it and then you and your guys sell and leave them holding the bag.
You pump ORRV, I'll follow you and post against it. And post on the ORRV board as well. Leave ORRV, and I'm gone from you.
Just hate when people make money by hurting others. Even if they are good at doing it.
You asked ...
Targets like that based on WHAT?
ORRV is a company that stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract allowing them to dive anywhere either. their one potential JV find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
a runner? ORRV is a company that stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract allowing them to dive anywhere either. their one potential JV find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
really? ORRV is the company that stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract allowing them to dive anywhere either. their one potential JV find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
On alert? For what? ORRV is the company that stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract allowing them to dive anywhere either. their one potential JV find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
ORRV? Yes, someone IS getting there. You. ORRV is the company that stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract allowing them to dive anywhere either. their one potential JV find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
ORRV getting loaded? yep. A REASON? Nope. ORRV is the company that stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract allowing them to dive anywhere either. their one potential JV find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
Yeah right! "ORRV low float, vol today, maybe some news coming," News is the company stopped operating a long time ago, and had their only boat taken, the crew left, and no one is left. With no contract. their one potential find turned out to be a scam and that CEO blew his brains out last year. Sad but true.
but news might be coming??? Or is it an attempt to get others to pile on where you and some of your friends are trying to make a shell run for no reason?
how about some reality here?
ORRV is a treasure hunting company that has 1) no boat (taken for lack of payments of dock fees) 2) no crew (Left for lack of payment) 3) no equipment (taken by employees for past due wages) 4) no contracts (a biggie. they can't dive anywhere even if they did have a boat) 5) No financials (they stopped reporting them when they basically went out of business) and 6) no hope. (the hope this company HAD was ONE deal. they owned 5% of a company that found some emeralds. Turned out that the emerald find was a scam, and the CEO of that company when found out committed suicide.)
Yes it is thin. But the buying side is thinner. they are basically out of business, and I don't think you'll get any buyers when you get ready to sell. IMHO of course.
how about some reality here?
It's a treasure hunting company that has 1) no boat (taken for lack of payments of dock fees) 2) no crew (Left for lack of payment) 3) no equipment (taken by employees for past due wages) 4) no contracts (a biggie. they can't dive anywhere even if they did have a boat) 5) No financials (they stopped reporting them when they basically went out of business) and 6) no hope. (the hope this company HAD was ONE deal. they owned 5% of a company that found some emeralds. Turned out that the emerald find was a scam, and the CEO of that company when found out committed suicide.)
Yes it is thin. But the buying side is thinner. they are basically out of business, and I don't think you'll get any buyers when you get ready to sell. IMHO of course.
I still say there is more risk of being OUT than of being in. Yes, even ion the short term.
If the permit does not come "today", or this week (Or month), then next week (And month) the same hope will still be there. the same people saying it is in the bag will say it again. And if it dips, the same buyers will come back in and buy again. That will hold the price from dipping too much, as has been seen the last few months. So, the downside while we wait is pretty small, IMHO. If, on the other hand, the permit is issued though, the stock screams, and we go up significantly.
So I see it as a gamble that has LOTS of upside if something happens, and a good support with some minor loss possible (Or even minor gain possible) if nothing is announced. I bought a bunch of shares at .0124 and .0133 and those are UP even though no announcement has been made.
Bottom line, I think the two possible outcomes are either 1) mostly neutral with a small gain or loss or 2) a big gain on the news. That's the two choices for the short term, as I see them. So, I repeat. I feel pretty sure that there is more risk being out of the stock than being in it.
Make sense?
"Do you want to dance, or do you want to DANCE?" - Thomas Crown
There is now 300,000 on the bid, at a lower price than ALL the trades done so far today. If someone wants to get out, now is the time. there it is. take the bid.
the way I see it, there is more risk of being OUT than of being in.
If the permit does not come today, or this week, then next week the same hope will still be there. As it has been. And that will hold the price up, as has been seen the last few months. So, the downside while we wait is pretty small, IMHO. If the permit is issued though, the stock screams, and we go up.
So I see it as a gamble that has LOTS of upside if something happens, and a good support with some minor loss possible (Or even minor gain possible) if nothing is announced. I bought a bunch of shares at .0124 and .0133 and those are UP even though no announcement has been made.
Mostly neutral or a big gain. that's the two choices for the short term, as I see them. SO, I repeat. More risk being out than being in. Make sense?
I did a little removing and adding, but will do more later. But at least I took off the Resolve information.