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Somebody fairly large has decided they are tired of waiting for the permit. Big seller out there today. Hope it is not kyle selling some of the new shares.
Actually, it looks like it has not been above .02 since November, not December. And today has already seen .0197. Looks like the highest price in MONTHS. Cool. Thanks for sharing the good news that we are hitting multi-month HIGHS. I guess I hadn't thought about how long it has been since it was back at .02, but your showing me that shows that this stock is MOVING. Good news. Thanks.
Also saw how low it went earlier. IN March it hit .011. SO it is now up about 77% since the lows just last month. UP 77% IN LESS THAN A MONTH! WOW! And that is all in anticipation of the new diving season and new permit, and those aren't even in hand yet. I can imagine how high this stock will rise after they GET the permit and start the new season! COOL!
What a bullish chart! Thanks again for sharing the bullishness.
it IS trading. Bid at 40 cents and ask at $1.20. No trades hardly yet, as not many people know about it. But it at least trading.
actually, I Don't think that is accurate.
" I guess the only negative for March was no treasure and no Site #3 permit"
I think March saw some treasure come up from Juno. It has not been disclosed yet, or released in a PR, but I think we DID bring up true treasure (And not nuts and bolts) In March. The permit would have been better than the treasure at Juno brought up in March, but that should come in early April hopefully, since it did not come in March. But don't be presumptuous about no treasure being found.
Neb,
To "me", the scam is not denying what they have found. I think Captain Billy has proven himself. He can and DOES find treasure. the scam part comes in as to what happens AFTER it is found. After the division. With the wonderful things we have found, we should have some money to use to fund more diving. not 100%,m as we haven't found the motherload yet, but some towards our continuation of diving. Instead, it seems once the items are brought back to Utah, they enter a black hole. Maybe this next division will mostly go to London. Then to Wilf and his cronies. then there is nothing left, and the company gets almost NOTHING from these wonderful finds. I know Billy recently blasted the other company for holding an auction, but they DID bring in over 1/3 of a million dollars to be used for more diving. We don't seem to show any revenue FROM these finds, and THAT is why some liken this company to ex extended diving vacation. Because the booty goes to Wilf and not to an auction to support the company with revenue.
So your pictures are TRUE (At least to my knowledge). And yet the company STILL can (And I personally think "is") be run like a scam. I haven't been saying that, and defending Ponder is a tough position to be in, but I understand where he is coming from on that point. Wilf HAS done many things "wrong", and some things illegally wrong (Like the vote for the reverse, IMHO). the company HAS done things like allow people on this board to get excited over the trunk which was opened within 24 hours and is known to be empty. Why not SAY it if people are hyping the potential in it? Why not TELL the investors a little more about what the London deal COST the company, since that is a material fact? Shoot, I remember WIlf bragging how DPBE owned the boats and there was no debt on them. Then, when Billy asked about selling one of them, it was found out that the debt was higher than the value of the boat! But when that debt was placed on the boat, it was not disclosed, even though the opposite point was HIGHLIGHTED when there was no debt. That to me is someone being less than truthful and scamming the investors. the museum opening was announced and a major plus. And yes, the closing was done with no announcement. It is "known" because people here posted it, but it was never officially stated by the company. Randy was made CEO and that was announced. randy left the company almost two years ago and yet is STILL shown as the CEO, with no announcement. those are material facts that should be disclosed per SEC reg FD. Not per me, or anyone on this board. Per the SEC when the CEO leaves it should be announced.
So I agree Billy is finding wonderful things. I agree with your pictures. But the company is still deceiving people, and that is not good for ANY company to do, much less a public one.
I hope they get a new contract and start diving again. I'm optimistic and give it a 60% chance of happening, later this summer. But if everything that comes up and is in your pictures goes elsewhere, and doesn't end up as revenue for the COMPANY, then the shareholders are still screwed. And with no reports coming out (Another thing that violates SEC regs) and no physical address, having been evicted, and no officers that are still around, and no oversight, WIlf can and WILL do as he pleases, and the rest of us may be left with ONLY pictures when it is said and done.
I think there is a 50% chance that next Friday will be too late.
And you've not heard me ever say that here before.
Quite the seller today. Held at .0122 for a long time, and no matter how many buys hit there it stayed and only showed 10,000 shares available. But it traded over a million at that level and never moved. then that seller disappeared off the ask. ahhh, to be found again a few minutes ago, but he gave up on the small trades at .0122. He hit the BID. Knocked us a LONG way down.
Yes, a great opportunity o buy at this level. But WHO is selling over 2.5 million shares today? (I Know. over 4 million traded so far. But it "looks" like about 2.5 million was the one seller, who hopefully is OUT now, since he hit the bid, and now we can start to recover.)
Yes, there are more problems in the DR than being told here. Mostly because NOTHING is being said here by the company. Just news and old photos from the old diving season by posters. The other company is working around those problems in the DR AND also making other plans. I actually do not like the fact that they are going to FL to dive this month, but it is what it is. They are hoping to ... well, I'll let you talk to them. You have called them and know them even better than I do, so you know what they are doing.
To my knowledge DPBE has not addressed any problems down there, and has no back up plans. And no contract to dive for this coming year. It "could" still be given to them, and I don't want to be one to say bad things that are not firm, but at this point to MY limited knowledge they do NOT have a contract to dive, and they will NOT be getting a division in "March when the employee gets back from vacation." Maybe in a few months, but not soon. You just won't hear it from the company though. The CEO is still on the books as such but left what? 18 months ago? Nothing has been updated (Not even the hyope of something being in that empty chest they found) for a few YEARS, including SEC documents or state registrations. I personally think this company should go to the gray's. But that's a different post. Hopefully I answered your question.
up the middle settlement??
NEW permit issued by state of FL!!
This is not our company, but it is good to know that FL is moving forward with permits finally. This was released by another company TODAY.
"Global Marine Exploration Inc. is proud to announce that
we have received an exploration permit for an undisclosed
area of the East coast of Florida. Operations commence
March 2014. Other area operations will be ongoing
throughout 2014 as well.
Global Marine Exploration Inc. wants to thank the Bureau
of Archaeological Research | Division of Historical
Resources | Florida Department of State for their
professional conduct during the application process. We
have been doing research on this area for several years in
anticipation of working this undisclosed area when the time was right."
Tom Paris already hit the warp 10 barrier and broke through it. Didn't you know?
I am very certain the division is NOT going to happen in March, in spite of that person coming back from vacation. Nor in April. It looks like a (Hopefully minor) hurdle to cross before divisions are given out. "maybe" in May. FYI.
Nope. the big rush will be when they get the salvage permit for site #3. That's when you will see high volume and large increases in price. As you yourself have said before - it is about site #3. Finding ballast stones at Juno is a nice thing, but not enough to get too many people excited. It still was only the stones and who knows what is below or around them. So call it a positive but not a big one in and of itself. It might lead to something better, but most eyes are still set on site #3.
If the permit is approved, as most say it will be, then you'll see the upward rise.
Can you please tell me why you say "It can't be the site #3 of the past 6mobths? That site has been denied. " everyone else says the site has not been approved OR denied yet, and they are waiting for a reply from the state. Do you have any information that says otherwise? that it has indeed been denied? Or is this just an opinion? thanks.
"breaking news update!
.015 now"
So you say. I can't believe it since there has been no PR announcing it officially from the company. Nothing other than a PR is valid, sorry.
Sorry to say but I REALLY do NOT like this part of the latest changes. Did no one else catch this?
"The preferred class was created for 60 Preferred Class B shares. Such shares each have a voting power equal to one percent of the outstanding shares issued at the time of any vote action as necessary for share votes under Florida law, with or without a shareholder meeting. ... Such shares shall only be held by the Board of Directors as a Corporate body, and shall not be placed into any individual name. Such shares were considered issued at the time of this resolution's adoption, and do not require a stock certificate to exist, unless selected to do so by the Board for representational purposes only"
To translate, this says that the BOD now has 60% of the vote for ALL votes needed for ANYTHING in the company. Although the shareholders are legally the "owners" of any company, we now have ZERO say in ANYTHING that company does. Shoot, you could buy 100% of all the shares out there and STILL not own a majority of ANY vote. Because the BOD has 60% of the total vote regardless.
Does that count for votes on future BOD directors TOO? hmmm
That is taking the rights associated with ownership of a company AWAY from the owners (Shareholders) of that company. And then to say that all votes can be done this way, whether or not there is a shareholder meeting or not (It is not needed, since they have 60% of the vote before anyone else votes on anything!) is very scary.
I'm not even sure if this is legal!
What they just did was say "We just voted that we now own the majority of votes on all things, and the shareholders (Owners) of the company have NO say in ANYTHING any more. And we took that vote away from them, and that power way from them, just by saying we could do it." I'd have to check into some SEC regs on this, but I don't think they can grab control of the company that way without that authority being relinquished by those who are losing it.
I'm not a basher of the company. I've been bullish. But this? This is still a taking of control away from the shareholders in a way that gives the company dictatorial powers and does it in possible violation of SEC regs.
I'm NOT happy that they did this!
That's after the market closed on Friday. All the orders were pulled. that is not what it was during the market day. It was $0.40 at $1.00 all day long and no trades. FYI
Good to see that first thing out of the blocks the 40 cents bid is holding. I didn't want to see the reverse and then the stock drop back to a dime or less, which would really mean .0001. As it is, the reverse didn't hurt at all (yet) Just less shares at a higher price. Still don't think he had to do it, since the OS and the float were both low already, but maybe with the preferred dilution and a private round he will dilute the stock next. I just hope it has some sort of value as a rain company, because it was worthless as Resolve.
Let's see, A seller comes in and the stock drops a little then holds. The next day the seller comes in again and the stock goes UP by the end of the day. So if the seller comes in again the logical thought would be that the stock would drop over 50% from where it is right now and close sub penny?
HUH?
If there is support twice in a row, and the seller sold a lot and didn't break that support, why would you think if the seller came in that the support would not hold again? Or even think that without the seller coming in again it could go up to 2 cents? (I don't think that is going to happen today either, unless there is an announcement of a permit, but it's just as logical, isn't it?)
<<The 2 biggest volume days in a couple of months have driven the PPS down.
>>
As you mentioned to me once before. the day is not yet over, so you can't make that statement yet.
the reason it is worth buying a failed company is because of the tax losses. RSFF had lots of losses before being shut down. That will give the new company the ability to make some profits and pay zero taxes on those profits, as the tax loss carry forward stays with the company even through the name change.
I'm glad someone finally bought this shell. I own a lOT of shares, and bought them MUCH MUCH higher than this. I'll never get back to even, but at least maybe I'll get a little something for the almost mil I put in RSFF!
Let's see what tomorrow brings.
Another high close for the year. two in a row.
And as for your thoughts of news leaking. do you know something we don't know? If so, spill the beans.
I think it is just buyers buying. I was approximately 50% of the volume yesterday, so that's nothing from anyone important. Today had some more people getting onboard, maybe because it turned around and stopped going down. technical charts look good on a turnaround. SO that could explain both days movement. Oh, and it was oversold after the last few weeks, with more days down than up, so that too might have played a part. All solid reasons for it to rise without anyone trading on leaked info (Although if it IS leaked info, then that means the info is GOOD, and that would be good for us TOO! LOL)
I'm still waiting for the news on the permit, as are many other people here. And with what I bought a few weeks ago and what I bought yesterday, I am now in the green overall. Offset my cost on the shares bought at .0225 and sitting on a small gain. A good thought, since it is still low enough to run a LOT (IMHO, of course)
Here's to the upcoming news. leaked or not, it WILL be announced when the state finally gives an answer, and I am leaning HEAVILY towards a "yes" decision by the state to salvage.
"SFRX has closed up 5 out of 17 days. "
And yet we are now a smidge higher than the close on 12/31/13, which goes to show you it is not how many days you close up versus down but the TOTAL picture of where the stock is at.
And we are at the highest closing price of the year. In spite of 12 of 17 days not going in that direction.
It got me. the market closes at 1PM for half the year here, and then closes at 2PM for the other half of the year. I was thinking of a 1PM close, and wasn't thinking about the fact that it closes at 2PM this time of year.
At the current price today of $.0157, we are $0.0067 above the low from 2013, which is up 74.4% from the low.
Just thought people would like to see that side of the stock price swings TOO.
Well, I guess since it's my money and my investment, you can rest easier now.
"That thought weighs heavy on my mind. "
Much of that was my buying this AM. Put my price in a little high maybe. Got some lower prices early today, but it kept inching up on me as it filled. And what little is left of my order is on the bid now.
I paid more than it was a few days ago (And when I got some then too) but I'm figuring it won't matter if I own at .015 or .0135 when they get the permit. And I didn't want to be on the outside trying to buy and miss it if they announce before I filled more shares. I think the risk is being OUT of this stock, not IN it, as the move will come fast when they announce the permit and so I bought at a little higher price.
But it is nice to know that only one or two buyers can push the stock up a little. It means when (optimistic. IMO of course, SG) we hit good treasure and MANY people jump in that it should move a LOT with that activity.
I'm in with more shares now. I'm in higher than the last buy, and lower than the stuff I bought over 2 cents in November. And shall hold these shares until we hopefully get the permit and start diving on a wonderful site. With a higher PPS of course.
Wouldn't your saying
"I think it reasonable to speculate where the PPS will go, at least for the short term, should Florida deny the 3rd permit.
I think the PPS would be hit very hard"
sorta be like saying that the lottery ticket is a lower before the state has set up ttery? (to quote someone - ahem - when others say the stock will go up if treasure is found at site #3)
Sitting in an airport on my way home finally. I had some money trasnferred from the bank to Etrade to buy more shares of SFRX. Then left town and haven't been able to buy for a week. Monday I'll finallyget some more shares. Hope to get them under .015, since it seems to be in that area or a little lower on the ask. Will be happy to average down a little from the shares bought about .024.
Now I jus need Monday to get here ...
But you DID hear that it was a fraud way back when.
Go back and LOOK at th eposts HERE even. the boat was not going out to the site they wre diving. Jay was toof at to dive. the emeralds crumbled and were valued at $50,000.
ALL of those things and MANY more were looked at and SCOFFED at on this board. yes, by the cheerleaders. Nobody WANTED to hear the truth. Aynone who stated that things did not add up was jeered at best and attacked at worst. Now to hear "Gee, how did we get scammed? I wish we knew" is just not something that is honest. People were told. People refused to listen.
(Go back six months and pull up a week's worth of posts. See the facts posted and the responses to them. There's your answer.)
Sorry that you lost money. Sorry for a LOT of peope that lost money. But a company with no boat, no permit, no crew, no office. no anything - is NOT worth getting so excited about that you lose your objectivity. And the parent of this spin off is just as blinded - by some of the same players!
It's a simple answer too.
The reason why they have not put out a PR is because a prudent man would assume that the application was done and there would be no reason to think otherwise. Go back to my illustration of the sunscreen. If someone says they bought sunscreen because they were going to the beach, and then six hours later, while on the beach, you asked them if they put it on, the answer would be of COURSE they put it on. that's why they BOUGHT it. To APPLY it. And it would be a logical assumption that it was therefore applied. Well ... when a company says they are getting ready to apply for a permit, that application is also something that can be assumed to be done after a substantial period of time has passed. Yes peopl ewould expect a Pr if they did NOT apply for it, instead of when they finished filling out the paperwork. ince the original announcement is implicit with intent to file. Knowing that when they said they were reading an application to file it, 99% of all people would EXPECT that it was applied for. But, for that 1% that isn't sure, the good news is they have CONFIRMED it when asked on the phone. The reason for no further announcement or PR is there is nothing to be gained by saying that the application is still waiting for a state reponse. So until there is something WORTH reporting, whether it be they got it (or they did not get it) they won't waste money putting out a PR that says "nothing has happened yet and we have no reply".
That IS the answer. SImply put, they will not put out a pr to satisfy those who won't accept the verbal response AND the implied intention T submit when they said they were getting an application ready to submit. They WILL however tell ANYONE who calls that yes it WAS submitted. If a further call is needed, since they hve told it to many so far. The company will not put out a PR if there is nothing to report. You may not LIKE that answer, but that IS the answr ABOUT the COMPANY and why the COMPANY won't put out that PR you hvae requested.
At some point my parents said "Yes, we're here.".
Why hasn't the company stated officially via a PR, "Our #3 application has been completed and we're waiting on the state to respond."?
"
Because your parents didn't say "yes, we are still on the road. they said "yes we are HERE." Per your own statment. You seem to want ot get a PR that costs money just to say "yes we are still on the road".
If you use your own illustraion that says they announced when you ARRIVED, that would mean you should understand that the PR shall be "yes we are HERE", meaning yes we have an asnwer. THAt wold be the same as "here".
I would think what is meaningless is the posting of the Oculus every week ongoing and ad-nasueum. They applied. they are waiting. It is meaningless to keep posting that the Oculus site still doesn't show the third permit issued. of course not. It has not been yet. Until it is, there is nothing to update.
Hey - a question. Why doesn't the Oculus update once a week saying "still nothing new to put here" instead of just using old information? Isn't that what you want the COMPANY to do? Keep putting PRs out saying "We are waiting. Nothing new yet". Yes?
It seemed way too early for an annual for 2013. So I looked. Did you see it?
it is an AMENDED annual report for 2012. A year old now. they had to amend it, so they had to re-file it. NOt a new annual report. Sorry.
Brez,
I'm all for being a half full kind of guy, but you have to be careful to not have blinders on either. "yeah I'm "no news is Good" here too.... we've seen the list of potential ships that have gone down in their area "
Should you buy Ford stock because there are ships under the water in the DR? Of course not. Because Ford doesn't have any boats to dive and doesn't have a permit to dive that area, and isn't diving that area. But ...neither does or is DPBE. They have Billy's boat, but the only reason he dove this past year was because London paid him some money. London is done for now. they "Might" come back and fund more. They might not. And if they do, what do they GET for that? Do they get 70% of the finds that come to us in our 50%? That's what Wilf offered the partnerships, so who knows what he offered London. It would be nice if he TOLD us something. Instead, he is keeping it all very secret, which is NOT good news for a publicly traded company. We don't know if we would get ANY of the division as a company, versus it all going out for the latest rounds of funding. Knowing what comes to the company is a material fact and should be disclosed. the fact it is not could very likely be a breech of SEC regulations. A scary thing for a public company. next part of that line.
Do they have a permit to dive? From what I hear (In spite of allusions to the contrary without saying anything patently false, but leading us to believe a falsehood) DPBe does NOT have a contract with the DR. It expired, it was supposed to be renewed, and it was pending. SO they somehow were allowed to dive this past year without it. Will they this year? Wow, a big unknown. Next part. Are they diving. this one is important. this is the DR, not New England. to say it is winter and they can't dive is not 100% accurate down there. Yet WHEN is the last time we put ANYONE in the water? Months and months ago. that has been confirmed. SO, just like Ford, we don't have any boats owned by DPBE anymore, since they sold the last one in 2013, we don't have a permit at this time to dive, and we are not diving.
I LOVE those shipwrecks you mention. Hope we find TWO of them. But we are not diving, we don't have a contract, and we don't know if the company will get anything if some treasure is found, since it is split to the DR government, then the London group, then the partnerships, and THEN it comes to the company. And that is just the TOP line it comes to (revenue) and all expenses have to come from there. Doesn't sound too good, and the no news on what was given to London for this latest round of funding is a good chance to be against SEC disclosure rules. Makes the glass maybe half full, but it is bitter water that is in it.
"If they announce continued funding and diving this year and division, and if Wilf will update us on what the company is doing and planning on doing, (hopefully he wont mess with share status)... I think we could hit pennies again " Hope is great. Misguided hope is what brought all the shareholders down on the stock dividend of this company. And just like that one, this one now has too many lines up to the money before it trickles down to the company. DR, London, Partnerships, others, and then us. And no diving contract extension from the company yet. Nope. I'm out. took a rare profit on this last Labor Day. If they do as you say, get funding again, and start DIVING again, I'll buy again. It may be even a little higher than the current price. But I'd pay more for a lottery ticket that has three numbers already drawn that all match than a ticket that has nothing drawn yet. that make sense? The odds are better. I'll buy if there is a REASON to buy. But blinders when the company won't tell us what it COST to get the funding, isn't coming clean on the contract not being renewed yet, told us the boats were 100% paid for and then when told to sell one to fund the company admitted it was leveraged at about or OVER 100%? Brez, I think that is too much of a stretch.
What do you think?
(And I know some bulls will not be happy with this post, and hammer ME, but the company is what should be discussed. Tell me where ANY of this is wrong if you think it is. My thoughts aren't perfect. And at times I'm bullish short term on DPBE. Just not now, with no diving happening ON those wonderful wrecks and no contract in hand, and the bot sold, and the division going to others besides the company. Or tell me why the risk that the SEC comes in and shuts the company down for the regulation violations I noted are probably occurring isn't a factor too?)
GLTY Brez. I hope DPBE works for you, and if things start popping, I'll be back in again too. Just need some answers before we convince ourselves that something is true that is not. Like being convinced a story that emeralds are worth millions, even though facts TOLD us they were worth less "Oh, that guy is biased when he said they are worth $50,000". As an example. Don't ignore the facts with blinded hope.
Follow his link. It says you have to subscribe, but if you click on the left side where you can see the page and the article, it is there. At least the first half.
"Did he really find millions in
Colombian emeralds just 40 miles
north of Key West on the sandy seafloor
in January 2010 as he so fervently
claimed, even up to his suicide
in October?
The federal judge answered that
question directly.
“We know this was a fraud and that
fraud was at a minimum concocted
by Jay Miscovich,” Moore said in open court"
there it is. IN a nutshell.
I did.
<
I should call SFRX and ask them to officially substantiate a claim they never made publicly? I can only imagine their response, after their laughter subsides.
Quote:
The SFRX permit application is in,
>
nobody laughed at me. I asked if they were still putting paperwork together to get the permit finalized and they flat out told me "No. It is in. We are waiting on the state". After much badgering to see if I could find out anything a bout how that process was going, I finally had to give up and admit that they are just waiting and not holding anything back.
So they say they put it in and they are waiting for the state to get back to them. hopefully, and expectedly, with an approval. Nothing else has been asked of them, and they are waiting.
You won't accept that?
We keep saying that the stock will move when the permit is issued. Well, now we have a perfect example to look at for all of us holding SFRX.
CFTN is a mining company that has been waiting for a permit. They were at 28 cents per share in February. This summer they were supposed to get a permit. they did not. The stock started dropping. It continued to drop, and hit a low of 9 cents a share two weeks ago. Yesterday they GOT their permit.
the stock went from 13 cents to 25 cents today, up 92%. the volume was pretty low, so maybe it even has more to run. I don't own any. I point it out only because it is very similar to SFRX in the permit pending status. It dropped and dropped and kept going down until it got its permit. Then it shot (So far) basically back up to its highs.
I truly expect the same sort of thing here. We have dropped. Further than I thought we would. But when the permit comes, even before anything is found, I think the stock will go up tremendously. No, I don't have a specific amount or percent in mind. Just "a lot". I'll watch it when that happens.
Just a positive reinforcement to us here at this board to say that permits ARE given and stocks DO climb on the news in spite of dropping for months and months waiting for that permit. It happens. I just hope WE are next.
I would think the application is done and turned in so the permit is what is pending. the application was pending when they were working to get it put together and in. Now it is in. So it is not pending. Yep, the permit is what is pending.
Although I agree with the last post. Weak.
Yes.
"Then it's a cyclical stock that's impacted by non cyclical events? "
ALL cyclical stocks can be impacted by an event outside of its regular cycle. I also think it would still mean a higher price in the summer than in the winter, even if it jumped now. Because if they got that permit now they still would start diving on it in the summer and that would be when the stock would move up based on the hopes and hypes of hitting something big "momentarily". SO the cycle would still be intact, but the winter low would get pushed aside with a higher price based on outside influences.
Using my weather analogy of earlier, it's like a warm front coming in the middle of winter. Pushes the temp higher, but that doesn't mean it won't still be hotter in the summer.