neb,

You and I agree on the selling issue. And you too have shown frustration over the lack of sales. The idea of selling on feebay some of the lesser coins? WOuld have worked! Setting up paypal? Would have worked. They have had options. They just haven't been excited about selling and not near aggressive enough to get it DONE. Coins given out to potential investors and LPs? I think that too is true, although that is opinion at this point. But selling coins and artifacts, other than expensive pieces of old nails, should be used to fund this company for continuing dives!

Want to hear a good one? Remember how the division was supposed to occur a while back? We've been waiting, and wondering what happened, since it was supposed to happen months ago. I heard that Wilf DID go down to the DR to do the division, just like he SAID he would. But, the fool went down unannounced, thinking he would be there a week and would get it done. He went Easter week. And down there the government is pretty well shut down the entire week! He was there, he thought he was going to do the division, and the government offices were shut. How's THAT for top quality managment planning? LOL

One other question I"ll respond to. YOu asked what I thought would happen if someone in the UK bought a majority interest in the company. that of course leads to pure conjecture, but I"ll give you mine. Just realize most of the time I deal with number crunching, stock trading, and facts, but this is opinion. But here's what I think it would take to do that and what would happen. 1) money to Wilf, to buy him out, including his debt that is overhanging the company. NOt his personally owned shares, as he would probably want to keep a position in the company, but his corporate position and his debt would be bought out. 2) money to DPBE, to buy shares to gain that majority ownership (which is FUNDING for us, and a good deal of it!) 3) dilution of our shares, as they would have to own a majority of the company, so that would mean approximately (give or take) 2 billion NEW shares issued. Of course, Wilf could change the authorized without an official shareholder vote, doing what he did last time. So we would have 4 billion outstanding, and we the shareholders now would own less of the pie than we did. 4) a decrease in the "value" of our shares, since we would own 50% less in the company, with the same amount of artifacts and potential as we have now, and a potential one day sell off as people hate the next item. 5)an almost immediate reverse split in the stock, since 4 billion shares is just ridiculous for a small company like this one. Maybe 5 or 10 reversing into 1. It would drop our shares owned, but move us up in price. Unfortunately, even a 1 for 10 reverse would still put us at only half a cent per share in value. 6) a short term POP and a long slow steady CLIMB in price of the shares, as the company would have better management, cash in the bank for diving, still have a great crew in DR, a great contract, and the company as a whole would start to recover. 7) the short term pop because people would buy in on that news, even with a reverse coming or just happening. I can say that if it happened, I would probably buy a LOT of shares back, just based on the future potential. Yep, even with the reverse I'd personally be a buyer. I'll say it again. I think the crew and contracat in the DR are GREAT. Managed correctly, and without wasting tens of thousands of dollars per month in a place like Utah, as we did in the past with wages that were high, office expenses that were high, and other expenses that crushed us overall, and this could turn into a BIG winner. Yes, if that happened, I'd be a buyer. Probably big.

That may be more of an optimistic response than you expected of me, but that's my truthful opinion. Don't forget that I WAS a pretty big sized shareholder at one time. then Wilf lied on the radio show, and showed me his hand as unscruptulous. At the same time I found out about other things I did not like. So I sold, and unfortunately helped cause the stock to go down. Without Wilf, and with new managment and new money, I, and numerous others, would be buyers again.

Again I think we need to ask the question: WHY won't Wilf SELL a BUNCH of what we have and FUND the company with the proceeds!??

I see BIlly wrote this today <<We are waiting for funding. No fuel no food. I hear it could be soon. Thats all i know? Anxious bunch of crew chomping at the bit. This is the only time of the year we could work the Cabarete site.
>>

NO fuel. No food. No money. Yet we are asset rich with all these artifacts that WIlf first said he would sell, then said he would "lease" with the museum, and now ... who KNOWS where they are!

We have been given things in prior distributions, true? Although we have sold SOME of them, MOST are sitting. WHile BIlly is SITTING TOO. WIth no fuel to go to the site where we MAKE MONEY and a site that can ONLY be dived on at this time of year.

SELL the dang artifacts and fund Billy. He will bring you back two for every one that you sold!

I have SUCH faith in Billy, but think that Wilf keeps screwing it up by not doing what he says he will do to FUND the boat and it's crew!

(I'd post this on the DPBE site, but after numerous requests, I still have not gotten ANY response to becoming a member. ANd only members can post. I guess I must be on that "you can make fun of people if we think they are worth making fun of" list.)

All in my frustrated opinion, of course.

The way I understand it. ORRV has no boat. It was taken from them for not paying. They have no equipment. It was taken by a diver for back wages and is gone. No tanks. No compressor. Oh, and no crew.

So - although they may have an idea of some ships and where they are, they can't just go get some artifacts and show them around and go from there. They have nothing.

WIth that said, this company doesn't even really EXIST any more. A treasure hunting company with no boat and no diving equipment?

But no one talks about that on this board. Instead, the ONLY thing that is talked about is the emeralds that SOMEONE ELSE found, that ORRV MAY or MAY NOT get some money from. I love the emerald story, don't get me wrong. But that is the ONLY thing this company HAS any more, and THAT is why it gets no traction even when the emeralds are talked about. PLus, once again, don't forget that we do NOT get 5.21% of the emeralds. We own 5.21% of JTR Inc, which "may" get some or all the emeralds, and then has its OWN expenses, including lawyer fees and back wages, and then may or may not give out cash to ITS investors (which include ORRV), or may keep the money for its own funding, and then ORRV would own stock in another company but STILl have NO boat, NO equipment, and NO money.

Too many long shot things have to happen here to make this stock worth investing more than just a LITLE BITTY BIT, in my opinion. ANd i own NONE right now. Waiting for more news, but think it is dead money for a while, and I hate to buy into a diving company that has no boat and no equipment. Has anyone heard anything different than the Deep Scan was taken and the tanks were taken and they have nothing? I'd sure like to hear otherwise ...

If there is not enough evidence, then Fisher would lose at trial. And rightfully so. But it still goes TO trial, since Fisher is only giving the basis of their claim, not making it in full at this time. That is what a trail is FOR. To make your claim. So the judge can't adjudicate (decide) the issue now, as it has not been heard by him as of yet. YOu can't decide until you hear all the facts. hence ... a trial. THERE you hear ALL the facts of what Fisher is claiming and WHY. then you see if it is valid or not.

make sense?

I think Billy's post should be required reading if you want ot know if this could go to trial. Look at all the questions. that needs resolved, and therfore win or lose Fisher should go to trial, and I see it going there. In 2014.

A settlement "could" happen and it could end early. The judge throwing it out though? Very improbable. That would be the judge "making a decision" based on the merits in the case. And that is trials are established up to do, not opening motions. he can agree with certain things and disagree with others, but I see no way a judge could throw it out entirely. He should just say what can and can't happen with the various motions and disclosure, and then allow the TRIAL to determine if the claims are valid or not.

Everyone is due their day in court, and even if they lose, they lose in court, not in the motions stage. IMIO

Billy,

WONDERFUL post. good to see someone with some diving and water KNOWLEDGE actually post something. I think you rpost should be pinned to the top of the page (Hmmm. How do we do that...)

For all those saying hte Fishers are greedy and it is a fact that they belong to Jay - your post says it is NOt over and NOt what people think.

thanks for posting.

If it goes to trial, and I think the odds are good it will, I'd say about 2 years.

If either side settles early, then it could be much less. But if we move forward, two years.

Neb,

Yes it is just for those two defendants. I do not know if it is still ongoing for the other defendants or not, but it would mean that this specific settlement has nothig to do with the other defendants.

Hope that helps.

Oh, and I was talking long before the 2011 statements. they were selling gold well before that, and coins too. In 2011 they finally showed some income, but before that? A ll the gold shows? Nothing ever showed. Sorry I didn't narrow it down to the timing I was talking about.

can we stop saying ORRV will get $30MM if Jay wins and if the emeralds are worth $600MM?

<<5% That is about 30 million for our share! >>

IF Jay wins, and IF they are sold for $600MM, that would still NOT mean $30MM to ORRV. It wold mean $600MM to JTR INc. JTR would then take all its expenses from the proceeds, take a profit from the proceeds, take operating reserves from the proceeds. and then maybe give a dividend out to its shareholders (Of which ORRV is one, with over 5% in the company) and maybe not. Do you realiuze there is NO GUARANTEE that ORRV or any other investors in JTR would get a PENNY? Get value? Yes. Money? Probably, but no guarantee. Let me show you why that is true, using us instead of ORRV as the investor

IF ORRV got $30MM, would that mean each investor in ORRV would get some money? Take $30MM and divide it by the outstanding shares? OF COURSE NOT. Would it mean the COMPANY would have that money, be able to use it to fund other projects, and keep some in reserve, and the VALUE of the STOCK would go up? Ding, ding, ding. THAT is what happens when a company gets money. The investors would not personally split the $30MM if ORRV were given $30MM. The cmpany would have it, and they would use it, and hope to use it wisely enough to make a profit off of it. No company gives out all they bring in. they USE the money.

Well ... in this case, JTR would be a company TOO. THEY would get the money from the sales, keep some of the money, use some of the money, and then maybe give out some of the money, just like we all say ORRV would do as a company with their share. It is important to note that ORRV does not own 5% of the emeralds. they own 5% of the company that may end up with the emeralds. If Jay wins, and if he gets that $600MM after expenses it will be less. After attorney fees, after diving costs, after back pay, after past due bills. I"m not saying it will cut into it significantly, as $600MM is a lot of money. Oh, and there will be a comission on selling the emeralds. If they sell for $600MM, that does not mean JTR gets $600MM! the commission might be 10%, which would cut it to $540MM immediately. Again, I"m not saying it is nothing. Just not $600MM. And then, IF IF IF they give it out as a dividend, or end JTR as a company and distribute it, THEN ORRV will get some money. (I think they WILL give out some, but not ALL of their net proceeds even) And it might be 5% of $300MM that Jay gives out. Or $200MM. Now we are talking $10MM to $15MM to orrv, plus ownership in JTR still. that is still a WONDERFUL number. But not $30MM that everyone keeps throwing around like it is a real number. GET REAL. If they sell for $600MM, the NET is NOT $600MM. Again, just take 10% for commissions, and it goes to $540MM, not including the costs to run the company or fight the Fishers with attorney fees right now!

OKay, so ORRV gets somewhere between $10MM and your mythical $30MM. Then, ORRV ALSO has to pay things. that is not PROFIT. they too are in BAD financial shape. Where is the Deep Scan currently at? Oh, I know, YOU don't even KNOW what the Deep Scan IS. What are they diving on NOW? NOthing. they have NO boat (repossessed), NO equipment (taken as back pay), NO divers (Not paid and quit), NO ability to do ANYTHING. If they get this money, it will PAY for those things, but that TOO eats up the money. Yes, it would give them a shot again to get back into business, but that means the money will be EATEN up by EXPENSES.

thinking ORRV will get $30MM in cash and the stock will shoot to the moon is unrealistic. Thinking IF Jay wins that ORRV will get SOME money, and STILL will shoot up in value some - IS realistic. Shhoot, just on the news if Jay wins the stock WILL shoot up. I'm not a bear on the stock if Jay wins, at least short term. Just saying that all the people throwing around the $30MM number are unrealistic and giving FAKE numbers based on an ignorance of how companies work. they WILL NOT GET 5% of the VALUE of the EMERALDS GIVEN TO THEM. Regardless of what that number turns out to be, they will not get CLOSE to that percent of that number, and that is IF jay wins. Because you are talking gross value instead of NET numbers from JTR, which becomes gross income again for ORRV which needs to be worked down to NET numbers AGAIN for ORRV. A win? yes. Your idea of a number? Your ignorance is showing again!

You laugh that someone was sued by someone else and went through pain and agony? What disrespect you show for someone trying to explain something you obviously do not understand. Try to act more adult, not AS a dolt (A word you probably will have to look up)

Yes, in PART it is based on that suit. And some other dealings I have had or known others to have. And some educational study in the area being talked about. There is a process. Once the motions are done, even if they are denied by the judge, that doesn't end the process. That ends that phase, and then YES it goes to discovery, unless the Fishers end their claim. this is a civil claim. A judge not not rule on the verdict during motions phase. Not how the courts work. Talk to an attorney who works in civil court and ask them. Or just google the court process. And LEARN when someone tells you something that is new information for you, don't just insult them because you want a reaction.

At least others will hopefully learn a little about what is in store for teh future of this case by some of what I wrote.

I have to admit ... the sales of the coins bother me. Neb, I agree that coins have been bought by people. At least off the website. And before that, gold and silver were bought with our weekend shows and melted and sold. Yet, when the financials came out for those periods, it showed NO revenue from those sales.

that bothers me. YOu can't have "no revenue" if you sold coins. YOu can't have no revenue if you sold gold items you bought at a show.

And yes, I asked about it on the radio show. Basically, the answer was that they were done in different subsidiary books,and not the main books, and then never brouhgt into the main books. I didn't like that answer. and they wouldn't answer further on the show. (Nor in the financials)

Did you get a coin? I tried, and got all the way to the payment section, and then the website kept blocking it. randy later told me it was because the Visa relationship they had was not working, due to lack of a payment. So I could not pay with Visa, and that is why the website didn't allow me to get it. But before that happened, I know others bought coins. yet the financials show zero revenue from those sales.

ANy idea why?

for all of you that think the judge can deny the motion and it is "over", you are wrong and even a little ignorant of the legal process. (Not trying to insult you. Ignorant is not the same as stupid. It just means uninformed of that specific process.)

The motion can be accepted OR denied, and EITHER WAY when ALL motions are ruled on it then goes to the NEXT step in the case.

<<Once that matter is resolved, the judge may move forward in the discovery process, which would allow Fisher's experts to analyze the gemstones>>

First comes the motions. then the discovery. If jay wins the motions section of this cae, that limits some of the trial focus but has NOTHING to do with a "final" verdict. It just means that when the motions are done, then the discovery can start, and he MAY move on to discovery soon, or may even allow more motions to come before him before he moves on to discovery.

Do NOT expect a win OR lose decision this early in the game. really. I know you WANT to see the little guy (and yourself) win, but even if Jay wins ALL motions, that is phase one of FOUR in a trial, and it is ONLY the fourth step (the actual trial) that could grant him a total victory. Oh, and even then, there could be appeals and retrials and more appeals. Even when you win in the supreme court, many times it just remands it back to a lower court for a follow up and more trial phases.

Please don't ignore this (And the legal process) and keep spouting off the same old thing about the judge granting the emeralds directly to Jay and this being "over". It CAN'T happen that way.

pac,

Yes that is the reason.

Because it was the 3rd, and the markets were closed on the 4th, many small stocks lost their bid and ask. Instead of trading in the after hours market, there was no one who kept a bid or ask on it over the holiday. They just left the building, that is all. ON the 5th, when they are back, there will be a bid and ask.

Lots of stocks have no bid or ask on Friday afternoons or on the day before a holiday. At least the small ones.

Spinner,

Kenny Rose is the leaseholder for the Woman Key area, IF IF IF if I remember that right. If he was mentioned it might be about an emerald that was supposedly seeded in his area. Don't know for sure, since I didnt read it, but that's who I think he is. And he may have other areas too, so it may not be about Woman's Key at all. But Kenny is a lease holder if memory serves.

Ponder,

Did you contact the reporter from the tribune to talk to her about the activities Wilf is engaged in here, even though he agreed in the order to not particpate in any penny stock fundraisers or transactions?

She might be an outlet for you. Seriously.

Billy,

Is this a year old? Or is this a new order that is just being announced? I thought the court just made this new decision. If it is a year old, that is nuetral news for DPBE (Although still would make me think what Wilf is doing in the UK violates this decision and agreement.)

If it is a year old, it isn't as bad as I thought. So I hope you are right on that. If this is a new order, then it is terrible news, iMO.

I guess we need to find out if this is just a reporter writing about something that happened a year ago or if this is a new decision. I'm sure that can be found out. ...

In the meantime, keep diving. If you find the jackpot, it will cure a lot of these ills. Hopefully you are gettig PAID this year TOO!

Hard to believe WIlf just in the last week said he came back with an LOI from new investors, when this is recorded

"The defendants agreed to be permanently barred from participating in any future penny stock offerings or to engage in any other penny stock-related transactions and dealings."

Wouldn't raising money for DPBE be considered participating in a penny stock related transaction? Yet he was the one who personally went ot London and personally put this fundraising deal together from new investors.

WOW. SOunds like Wilf is IGNORING what he "agreed" to in this courth ruling.

This can't be good for DPBE! Randy - you are CEO. You need To reign in your employee, as YOU are the man responsible at this point!!

Count,

there are two ways to do it. The better way is to wait for it to be declared dead. If you own a stock that is not traded, at some point they MAY either be declared bankrupt or something else happens to officially end the company. That is when you can declare the loss. However, in many cases that never happens. they just "go away" and you have nothing. So, here's the other way.

Sell the asset. I have had some private placements that went belly up. Even though I put a lot of money into them, there was no market, no trading, and no prospects of any value. the comaapnies just ceased to exist, and nothing was ever filed. so I "sold" my entire position to my friend for $1. Signed the certs on the back where you can assisgn them, and gave them to him. Then I was able to take the loss on my schedule D for that year (and for the next 125 years or so ... but that's a different point. LOL) You have to "realize" the loss in order to take it. So you have to legally sell it. You can sell it privately, even if it is a non-trading stock, especially if you have owned it for over six months. Yes you are supposed to register that stock if itis restricted and do all those things, but if there is no prospect of it coming back then just sell it, get a paper trail in case the IRS ever asks, keep a receipt of the $1 transaction, just like any stock trade you would do through a brokerage, and then go buy a cup of coffee with the proceeds.

Hope that helps.

No, it's not.

<<It's like asking a math problem that says -

Blue has some apples...Blue owes Dick, Jane and Tome some apples. How many apples will Blue have left?>>

It's more like saying (using your example)

Blue has 6 apples (the latest coin clump found, minus the 50% that goes to the DRE before any come to Blue. Fact from Billy, not an unknown number of "some". And the apples I specifically talked about in my original post.) Blue owes Dick, Jane and Tome (What type name is that??) 80% of those apples. (Also a fact, as we KNOW that they still owe the partners for their investment, and know that they are getting 80% of the CURRENT finds. Notice I didn't say forever. Just current. We are talking about THESE coins, not some mythical coins of the future, or some unknown amount of them. THESE coins ...err apples) After giving Dick Jane and Tome their 80%, how many apples will Blue have left.

I think that answer CAN be arrived at.

I'll repeat. If you think ANY of this is wrong, call Randy and ASK. Ask if the partners are paid back yet, or if 80% goes to them for the CURRENT coins and things found. Ask if 100% of what I am saying in this post is TRUE. It IS. Whether the shareholders like it or not. It is how the company funded itself a year or so ago, and what the company has to live with until they are paid off. ASK if they have been paid off, and you will know. Please don't say I am not right just because you don't WANT me to be right.

Director "Tome"

Pretty funny.

Yes they DO have BOTH type debts, and I think you already knew that. Wilf has stated numerous times that the debt owed to LIndale (him) would be converted in the future.

I think (opinion, based on experience) the reason he has not converted so far is because debt has a superior position to equity in any bankruptcy, so he is staying ahead of everyone else by calling it debt.

Actually Brez, I wish what you wrote was true. It is not.
<<Would certainly be an UNWISE judge, or ?? who would allow them to change the story and then accept.... "oh, duh!...that makes sense now>>

I was sued by an investor once. He said I took some money and put it into a different entity, thus skimming it. I countered and showed that the entity he was talking about wasn't even CREATED until 2 YEARS after the event he alleged I did. HIs reply? He "amended" his complaint to say I took it 1) on a different day. 2) Put it in a different spot. the judge happily allowed the new complaint, and said I had to answer it too. Just the way the court system goes. UNtil it goes to actual trial, it can be changed over and over again. He changed his story 4 times before it got to court. 4 times. They allowed every change, and made me respond to each separate and totally different allegation.

That's a real life, actual example. So although wisdon and logic would say one thing, the courts work a different way.

JUst an FYI with experience.

It's easy to answer. Call the company. Yes they answer their phones still. Hopefully they will have an office soon, but for now they at least answer the phones. Randy has his cell on him most of the time and will answer the phone.

<<You can't say, because you don't know what the 'partners' are owed - if anything>>

They ARE owed money, and no, they have not been paid off as of yet. Not NEAR it. DPBE owes the partners a decent amount of money yet. Fact. Because I don't have enough inside information to know "to the dollar" how MUCH money ("With $XXXX.XX inserted in to the post")does not mean it is not true. LOL. Anyone can call the company and ask if the limited partners have beeen paid off as of yet. ANyone.

Count.

The reason the stock isn't flying when the pictures are posted is because of the toxic structuring of the company. Yes, Billy is finding things. That is great. But it costs a lot to find them, and then 50% of what he is currently finding goes to the DR government. The other 50% comes to DPBE, where they immediately siphon 80% Of that off at this curent time to pay for the Limited Partnerships that Wilf screwed us with (my opinion) last year. So of the 12 coins BIlly finds? 6 go to the DR. 6 come to DPBE, and 5 of those go to Limited Partners. Granted, if BIlly finds a LARGE amount, the partners will be paid back and then that will stop happening to us. But for now, as of what we have sold so far, and what we have recovered so far, knowing what the terms are for the LPs, having read the prospectus, yes 5 of the 6 coming to DPBE will go to them still today.

So we get ONE of the 12 coins. THAT is why when the pictures come up it is not moving the stock price. That and the fact that no one TRUSTS Wilf, who is fighting the SEC on charges, and also bringing in NEW Money that will probably ALSO get FIRST dibs on the one lonely coin out of twelve that we will get.

And let's assume we DO get one, as sa company, AFTERr the LPs portion is paid. That has to go to fuel the boats, pay the staff, feed BIly and the crew, pay the government fees, etc, etc. So until the company hits a BIG one, we are losing money. Even though the Limited Partners are working towards getting their money back, and hopefully soon to start earning a profit, the shareholders are mostly down BIG, and still getting only the scraps.

That's the truth as to what is happening with things found TODAY, and why the stock is not rising. Toxic funding. And a HUGE outstanding count. Make more sense?

I hope Wilf didn't sell the investors down the pike AGAIN with the NEW LOI that he has in hand. We won't know until it is approved and the terms are announced. Then I bet we hear "It is better to have a portion of something than 100% of nothing, so the existing shareholders have to give some up to the new investors, in order to get money to survive and continue to search. Without new money, we would be dead in the wter, so this is better than closing the doors" Then he will show us how we are screwed again. It's not like it can go much lower than it already is though. It has to have a decent rise just to get to 1/10 of 1/100 (One cent) of a dollar per share.

Rremember that a company is NOT what they find. A company is what they KEEP of what they find. Shoot, OMEX found a LOT of silver coins. Spain has them, so what good does it do OMEX? None. IN our case, the DR gets half, then the LPs get priority, and we are just not getting enough to even pay our way. That's why the share count has gone up so much, and why Wilf is looking for more new money.

Call this an analytical comment on the financials of the company, NOT on the finds, which I think are GREAT. The divins side is doing well. The corporate side is why we are where we are. And not all of it is Wilf's fault. He needed money, so he did what he did. But that doesn' tstop it from being what it is, and so the stock is down in the dumps and until we hit a BIG one will probably stay down here. IMHO.

Bubba,

To answer your question about the wide spread in the bid and ask.

You must have been looking at the quote after the market closed. Most firms pull their orders after market close, and so the spread becomes unrealistic at times. When the market opens on monday moring, it goes back to normal.

Hope that helped you undersstand why the spread was so large.

You're BACK!

I consider that good news.

Is it cute for Billy to be a smart alec on the board? Not at all. Being in his position as an executive officer, no he shouldn't be a smart alec on a public board. And he finally realized that and TOOK HIMSELF off IHUb. he was not banned, but left of his own accord. Something for people here to know. He was not disallowed to defend himself. He chose to take himself off. And that is something I agree with. What he said could not do anything positive here. And it could be negative. So he left. It was the right thing to do, IMHO.

On the director Billy question, I have to agree that it was a sarcastic statement. Billy may or may not have been a director for a short period of time. I hvae heard both. But, when it was made more clear to him that he was a director, and not just the VP of operations (Fancy name for boat captain and guy who gets the work done!) he had that director tag removed.

As for the Reg D filing, it does specifically state that Billy is an officer, not a director. And there IS a difference.

DJ - I think you have MANY valid claims that Wilf is a low life, and a liar. And Billy may not be 100% truthful at times, but in some areas he is not allowed to be truthful. For instance, if he found a large amount of coins, he cold not legally TELL you if you asked about it. Not until a public announcement was made about it. So I think at times he might have not been 100% truthful. He is also a FISHERMAN. they are KNOWN to lie. LOL. true? But, I must say that this is a tree you ashouldn't be barking at. Go to your other points. The company without an office, without a real CEO, without funds. An ex-CEO who is up on SEC charges and has done many odd things HERE too. Yes, I've said an ex-CEO who did illegal things with DPBE as well as CPRK. I've posted numerous times about some of the things he did HERE at DPBE that were violations of SEC regs. SO you have your points. harp on the Partnerships that drain any potential profits to teh company by skimming off the division items that are coming back now. Hit them on the 2 billion shares we are approaching. Believe me, I am not standing up for the company. But I think you are being distracted, and I think it WAS sarcastic when he said that, and that you are trying too hard on that point, and losing credibility by doing so. Stick with your other points and get back on track. neb is right on this one. (Dang, twice I've said he was right in a row. I better stop that! )

back to reading the board. But that's my vote on the sarcasm versus not sarcasm issue.

Good news. I am GOING to one of them fairly shortly. So yes it happens. Not often though.

<<Show me an example of one....ONE...treasure company that has recovered treasure, then gathered all its shareholders to split the treasure with them. >>

And I'll side with you on this one. DPBE should NEVER divide it;'s treasure to shareholders. It can't. Too many people. The artifacts should be sold and the money used to fund operations for the future, IMHO.

But I'm writing only to let you know that it does rarely happen. Not to say anything negative about DPBE for not doing it.

Good synopsis Blue. yes, that is accurate as to what happened. And I too heard that DPBE sold their shares a while back, but don't know for certain.

Neb,

I'm on vacation, so keeping this short.

I've alredy given you those numbers, and won't repeat them every time I remind you of the partnerships. As to your questions. read the prospectus. IT says that the majority of what is found will go to them for now, until they hit a certain point. We know that they haven't hit that point yet because not enough has been found. Yet. It WILL happen, but on THESE finds, we will get 1 out of 12. Period. No whining, complaining or denying will change that number. Just read what your company has put out. It all came from the DPBE prospectus and the DPBE reports. I don't want to spend the time on vacation going over it AGAIN. The papers say it, so WHY do you doubt it? Not MY papers but the COMPANY papers. Whether you want to belive it or not. And I SHOWED you what PAGE it said it and QUOTED it in the past, so sorry - I'm not going to do it again for you. YOu'd think seeing it in writing ONCE would be enough for most people.

Not watching the board much, so you guys talk while I'm gone. BUt reality is reality, and so far the LPs are not paid back, so the majority of the CURRENT finds go to the partners. And if you need a source, call Randy or WIlf while I'm gone. they have never denied it, nor would they. It's just the way it is. they did what they had to do to get funding. But don't pretend it isn't THERE if page and paragraph is not quoted EVERY time someone reminds you of it.

Out.

Let's go through the lesson one more time.

"Love the gold coin!! With two found that means one of the coins should be dpbe in a division? "

Nope. Not true. Sorry.

It means one goes to the government and one goes to the LIMITED PARTNERSHIPS. YOu keep forgetting (Conveniently?) that the limited partners are still collecting 80% of all the finds that make their way to our side of the equation after the split with the DR government.

So, those coins we found recently? I didn't count them, but it looked like about 12 of them or so. Let's use that number. 6 go to the DR. 6 go to Wilf (Not DPBE) Then, 80% of that, which is 5, goes to the limited partners. Granted, this will not be forever. Just until they get 3 times their money back. But we are not there yet, so for THESE coins, 5 go to them. Last investors in, but the best deal and 5 of the 6 coins. The rest of us? We get ONE coin. Yep, ONE coin. Of the 12. And that then has to pay the bills, the fuel, the salaries, the food, the corporate overhead. Then, what is left (Cough) is split to 1.8 BILLION shares of stock.

I see TWO companies here. One is finding items and bringing up treasure. And I AGREE with the bulls that it is GOOD news. The other though is the corporate structure of toxic financing that means when Biilly DOES find 12 silver coins, we get ONE at this point in time that comes to the company. And that one has to pay all the bills! That makes me NOT so bullish!

Please stop saying thing slike when we find 2 gold coins that we get one. WIlf gets one, but then 80% of that is siphoned off before "we" get them. Think of the real numbers. 1 of 12, not 1 of 2. Then take expenses away from the ONE, to get net loss for the year. THAT'S the truth of corporate earnings and toxic funding.

In fact, finding 12 coins in a day turns out for now to probably be a LOSS of a day for the shareholders. A WONDERFUL day for Billy, who is doing his job and bringing it in, and for the DR government which gets 6 of them, and even a good day for the limited partners, as they get 5, which pays them back "some" of their investment, but for us? One coin? Not a profitable net day for DPBE, thanks to toxic financing.

If it depended on what Billy was finding, I'd be buying daily! Instead, it depends on what WIlf is doing, and if he is raising more money right now, WHAT is he giving to GET that money? More of the current and future finds siphoned off before they come to the loyal shareholders that are still hanging on? That's my bet. Maybe more shares and a reverse plus increase in authroized shares. POssibly. But he has to give SOMETHING to get the money, and you KNOW it is going to dilute our thoughts when it comes to "us" getting 1 of every 2 coins found. It is already 1 of every 12 that comes to us, showed by the iullustration above (Which is accurate) The question is how much lower will it go to get this next round of financing. The corporate side is the reason I sold and so far am still on the sidelines. Toxic funding. Look up the term.

You guys(in general) are still not looking at the whole picture. No, it is not 5 cents per share that would come as profit to ORRV. Not even close. All you are doing is looking at a top number and then saying that would be the bottom number. I understaqnd shaking the pom poms, but at least know how accounting is done.

"If" the court decision goes the way you want it to, and IF there are not appeals for more years, then there are still TWO dilutions. First, the dilution at the company that owns the emeralds. Jay's company. It would not be $600MM profit for Jay, but $600MM (Using that number, which might be true and might not, depending on the sales) in revenue, and then Jay's company would have many expenses that need paid before it comes up with a net number. then, ORRV owns 5% of that company (Approx.) remember. It is tated ORRV owns part of the comapnny, NOT a specific amount of debt. It's an equity position. So ORRV would get 5% of that bottom number, whatever it comes out to be. I'm not saying it is not good. It WOULD BE GOOD. Just it is not $30MM. It is lower than that. More importantly though,

That would then go into the top line of ORRV, and be counted as revenue, NOT PROFIT. That would be eaten up a LOT by the expenses, present and deferred from the past, for ORRV. ORRV would then come to a net profit number, which should be positive, but not NEAR as much as you think. THAT is an EARNINGS number. NOt the revenue number.

THEN you take a mulitple of 10 if you want (I think it would be higher if they have profit, by the way) and you have a number for your stock.

You can't take a "PE of 10" and say that REVENUE is your "E" in the PE. E is a bottom line number. You are multiplying by a top line number. Again. And in this case, rarer than normal, it isa number that needs to be diluted TWICE before that "E" number is truly arrived at.

I don't mind the positive comments, but I'm an ex wall street guy. So when youa re talking about market things, like PEs, I just want to make sure you know what E truly stands for and don't use revenue as earnings. OPinions? go for it. I hvae no probemw ith opinions. Just market statements about how accounting is done.

I hope it goes to $.50 anyway. It's only your idea of 5 cents "earnings" from the emeralds that I want to correct.

Because they are cheaper?

Question for you Cowboy. YOu wrote "ORRV does not own ANY shares of JTR Enterprise LLC. or of the emerald deal period! This is a fact!" Yet the PR says they own 5.21% of JTR Enterprise.

Why do you say they don't own ANY? PLease elaborate for us. thank you.

Again I'll add the same statement that seems to be overlooked time and time again.

ORRV does NOT own 5.21% of the "emeralds" OR the emeralds VALUE. They own ... well, here it is "In exchange for those contributions ORRV currently owns 5.21% of JTR Enterprises"

They own 5.21% of a COMPANY. that COMPANY is working in litigation to try to own the emeralds, or a portion thereof. But that company has MUCH to be paid, before it gives anything to its shareholders. It has lawyer's fees, existing debt, labor expenses, corporate overhead, and much more.

Let's say Jay DOES win the case.

His company will pay everything that is owed to everyone that it is owed to, from the money from the emeralds, and what is LEFT is the net profit. ORRV will then own 5.21 of the COMPANY that has a net profit. NOT 5.21% of the emeralds! If shareholders ever thought hey owned 5.21% of the assets or even the revenue of a company, they are wrong. It is always the BOTTOM LINE. the emeralds are the TOP line, and there are a LOT of things between the top and the bottom of the income statement. I just think it is deceptive to keep saying we own 5.21% of the EMERALDS. We own 5.21% of a company that may or may not end up with some or all of the emeralds. BIIIIIG difference!

Yep, just saw it. the question was posted. the answer was not.

Randy originally said that until they got an office at the end of March or so, there would be no radio shows.That for about 30 days there would be no office and no show. That was March 1. Now it is May 1. The office was supposd to happen a month ago, after a month of working at home. And the radio shows would start then too.

Maybe two more weeks until it starts again? LOL

Does anyone know if they are going to start the radio show again? If so, when?

Best post I've seen you write Blue. Yes, Billy is the revenue porducer of the comaapny. If he goes away, bar the doors, as the company is DONE.

(Too bad Wilf doesn't treat it that way!!)

Let me make one adjustment to your post.

<<Seriously all i know is I have shares in orrv which says they have a 5% stake in the value of the emeralds>>

I don't think they have a 5% stake in the emeralds. Or even a 5% stake in the value of the emeralds. I think that is too narrowly focused, and just not accurate.

I think they have a 5% stake in the company that Jay set up that owns the emeralds. Man,. what a difference that makes!!

So, they own 5% of the company which will show the emeralds as gross income, and the debts of about $10 million that was disclosed as expenses, plus whatever else is there on their books, and THEN the company will come up with a NET profit for the company overall.

ORRV owns 5% of THAT number. I'm being realistic. they own 5% of Jay's company, in exchange for whatever Scott contributed to the deal. To take a value on the emeralds and think they own 5% of that number is totally inaccurate. They own 5% of the company. the company that has over $10MM in debts. And then Jay will take a salary for his work, plus reimbursement for his past costs. those are not debts as he calls them, but he WILL get that back before any "net profit" is taken into consideration. After all those things, and after all that money goes out thee door, THEN the company has a final net number, and ORRV owns 5% of that number.

And that's a HUGE difference than owning 5% of the value of emeralds. Personally I think that makes the income coming to ORRV very small when this is said and done. And THAT is why the stock touched on its all time low yesterday again. And is down so much since the rise that occurred on Monday morning.

Hope is great, but they are NOT getting 5% of "the value of the emeralds". Don't shoot the messenger ...

Again, just my opinion. As for why they didn't leave? SInce it is opinion only, and I didn't ask that question of them, I can' tanswer it. Just like I can't for the life of me answer why some of the kool-aid drinkers are so optimistic over this compnay in SPITE of everything that Wilf keeps doing and all the lies he has said. I guess once someone gets involved in something, at times it is hard to back out or admit you were wrong.

I remember buying a stock for some of my investors when i was a broker at Merrill Lynch. American Suburu. It was over 20 years ago, but a lesson I learned well enough that I still remember the stock. BOught it at about $11. Then bad news came out, a mere week later, that changed the stucture of the company. The stock dropped to $8, and I had the ugly task of calling my people to say sell at a large loss (percentagewise) in a short period of time. SOme did. Others told me "Let's wait for it to go back up to $11, and then sell and we'l move on." Hard as I tried to convince them to sell then, they didn't. I even said that if it went to $11, then something must have changed for teh better again, and it probably would NOT be worth selling. Because the ONLY way it was going back to $11 was if something good happened. I thought the new structure was bad, and we should take our lumps. As I said, most did. Some did not. I eventually sold it for the last person when it was at $3. They gave up onit - AND on me. Since my pick went from $11 to $3.

The point is that they wanted to break even and THEn get out, when they should have taken what loss they had and not stayed in the position. I think that is the mentality of many shareholders, who bought it at 10 cents, bought more at 5 cents, and when it went to 1 cent, decided they HAD to average down. then it hit 1/2 a cent, and they didn't take losses, but bought more. Then it hit 1/10 of a cent, and they bought more. Then it hit a low of 3/100 of a cent, and went back to 5/100 of a cent, and they bragged how they were making money because they averaged down. lololol. BUt I digress.

It is hard to get out once you have committed. And I imagine it is even HARDER to get out of something when it is your JOB instead of just one of many stocks you have in your portfolio. So I understand why randy and BIlly ares till there. And then there is always hope that things will CHANGE. YOu hear that they will, and you WANT to believe it, so you do. They never seem to change, but the hope is always thrown out there. That's my guess as to why people stay in jobs under peole like Wilf, and why investors keep buying more and more shares, even as it goes lower and lower. I think I'm right on that one too.

OKay, uch to do today, and I need to get on the road to do some of it. Have a good one. OH, and the authors part is because I've been told you are not one person but maybe three differeent people all using the same signon. Is that not true? ONly one person who is using the Ponder signon??