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Underwater
To answer your question.
<<What is the stock count now and right after the split>>
The stock split took us from 500 million back to 100 million. The authorized remained at 500 million though, which many of us feared would lead us back to that amount of outstanding.
Now we are at about 1,400 million (or 1.4 billion). About 14 TIMES the amount from the day of the split.
I'd still like to know how and when we went from that 500 Million authorized on the day of the reverse to 2 billion authorized in the latest filings. Randy, you read this board. Can you answer when that happened, and what happened to the stockholders vote on that topic? I'm sure it would pass easily, with friendly shares voting yes, but still, isn't that vote still required even if it is a rubber stamp?
Please let me know. Thanks. You can PM me if you'd rather to give me that answer.
Oh, and I asked Wilf that same question but never got a response. I thought it was a good question from a shareholder, and worthy of a reply.
Nebula,
I don't mean to step into this debate, but I do want to interject one fact. Sorry
<<The operative words being "tell the story". Just another fairy tale by the gangs determined to see this company fail>>
On January 1 of this year, there were 500 million shares outstanding in DPBE. As of a few weeks ago, it was about 1.4 billion.
That means two things. FIrst, that Wilf has sold 900 million shares of the company stock into the public since January 1. That's a LOT of the volume and a LOT of shares. And the fact says he IS selling, and HAS been selling all year (Plus previous years, but I'm talkig this year)
Secondly, it means that after ALL that has happened to the company over the NUMEROUS years, with the reverse, the starts and stops, and all that, it had 500 million shares to equal 100% ownership of the company, and now that same 500 million shares owns about a THIRD of the comapny. About TWO THIRDS of the company (And anything we find) is owned by new owners that didn't even own it as of Janaury 1 of this year.
THAT is discouraging to those who have been here for all the talk of a lower float, talk (before the split) that 100 million was going to be about all that would exist, and talk over and over again (I've read it AND heard it on the conference calls. NOt a rumor) that the outstanding was about to DECREASE as we finally had a way ( numerous times) to earn some money and were going to buy back shares. Wilf HAS said more than once that the outstanding would go DOWN, but instead, it has gone up - DRAMATICALLY.
THink of that second part. If you take EVERYONE that owned shares on 1/1/10. ALL the outstanding shares that existed through the ENTIRE history of the comnpany. ALl the shares owned by employees, investors, PR rpomoters, everyone. That now represents about 1/3 of the ownership of the comapny. The other 2/3 is owned by newcomers who didn't go through ANY of the stuff we all went through before this. And given out at less than a penny a share, when many here bought shares at 20 - 25 cents per share (oh PRE split, so now $1 per share or more).
I'm rooting the company on. But, don't say just because someone says something negative that it MUST be a rumor or a fairy tale. The outstanding and float have both risen DRAMATICALLY this year. To ALL our detriment.
Just a fact.
Now time to start some revenue that will bring us back up to a few cents per share. Not the $1 party Wilf talked about (Which would have to be $5 now to be the same, since we did the reverse. And with the outstanding, that would give us a value higher than most stocks on the AMEX!) but a few cents would be nice to see. Maybe a nickel even?
<<wouldn't you rather have the answers directly instead of posting and posting about it? >>
Simple answer. That is 3PM my time and I am at work.
But I don't post and post abot it. I haven't posted MUCH lately in fact.
But since I am at work, that is why I ASKED if anyone that CAN call would do so and ask that question.
IS no one else interested in how we went form 500MM to 1.4 BILLION in less than a year? Or when or how the authorized was legaly changed, since the company may or may not have boroken SEC rules when they did it? that is not worth getting an answer to?
If they do a radio show some night at 6PM PST instead of EST I'll call in. Maybe just once?
We've never been "way up here" in shares. Last time we went from 100 million to 500 million. And that was ALL> That was all we were ALLOWED. then the reverse came, moving us back from 500 million to 100 million again. But the authorized remained at 500 million.
Now we have an authorized of 2 BILLION, and we are about 1.4 billion already out htere.
So my quesstionis different form yours. It is "WHEN and HOW did we go from 500 million being the authorized on the day of the reverse, to somehow approving (Without me, a sharesholder, ever seeing a "vote" on the amount authorized)the authrozied to go to 2 billion?"
At the end of 2009, we were back up to 500 million. So I assume the change in authorized occurred in 2010. Anyone else ever see a vote on that? It is a legal requirement for the shareholders to vote on a change of authorized shares, isn't it? How did it happenw ithout that legal vote??
that's my question. ANyone that talks to Wilf can ask it on one of the Monday night programs if you want.
Be safe BIlly. Still counting on you to bring us all to prosperity in spite of the corporate conditions of this comapny.
CB,
\
personally I'd MUCH rather you say you had a good day than say much more. For two reasons. First, as you already stated, the safety issue. Having "a" navy inspector on board wouldn't be much protection if a band of 15 pirates came at you. I don't consider that much protection. Secondly though, and this is an area you aren't as involved in, you need to be careful that you are not accidentially breaking SEC rules about disclosure. If you put something on a boad like this, and not in what the SEC would consider a public forum, it could be construed as giving insider information to the few that read this board. Better to let an official release be made when you hit something big.
Yeah I know. SOmetimes I'm the cold rain on your parade. But I always think of the legalities of the things done, and don't want the SEC to come down on the company now, after we are finally getting somewhere positive. It's bad enough that the past shows a trend that whenever positive news is released that the company immediately sells into the news and increases the float. You don't want to get into trouble too, for yourself, for disclosing things you shouldn't on this specific forum.
Just my thought.
BUT ... saying it was a good day - or even a GOOOOD day, is vague enough and something an employee should be able to say without divulging anything that would cross any lines. (Again - just my opinion,and I am NOT an attorney, so don't take that as legal advise. lol)
I am guessing (ONLY guesing) that they said something in the most recent broadcast that the government or the company did not want to be out there, so they removed it. And that's not a biggie. They are doing the right thing, to follow what they said they would do. Make sure nothing goes out that is not supposed to.
So that week is gone. OH well. We have other weeks, and we have future weeks. Most companies have NOTHING each week. So I'm okay with that week disappearing. Especially if it shows the government that they respond to requests that they said something they should not and react to requests to remove it to adhere to what the geverbment wants. It's a good thing.
In my guess at least. lol
cane -
there is only one thing you are missing. The float issue. Let me recap.
The company has worked on a lot of things over the past few years. They found major finds that turned out to not pan out, they were doing fresh water recoveries that never came to fruition, they bought gold on the weekends (Which was good for a while, and something I applauded. Then it died though.) and they worked the Scipion for 3 years. All that took money, and that started our dilution problem. They had 100MM shares outstanding about 3 - 4 years ago (My how times flies), and Wilf said that he would keep the float low. He said numerous times that different things were going to pay for the company so he would not have to float new shares, and that the float would remain low. (Executive escapes, the fresh water thing, selling artifacts, gold buying. The list goes on) Anyway, at one point the stock was about 25 cents per share, with 100MM shares outstanding. So if you bought 10,000 shares, for $2500, you owned 10,000/100,000,000 of the company. That wasn't much, but you owned it. Then the dilution came. We went from 100MM shares to 500MM shares. Then, fast forwarding, came the reverse split. And interestingly enough, the authorized was said to stay at 500MM, even though the reverse would move us back to 100MM outstanding (1 for 5). Many of us accepted all that, although we didn't like it. Now, if you held those shares you bought at 25 cents, you owned 2,000 shares instead of 10,000 shares, it was priced at about 2 cents per share ($400 instead of $2,500) and more importantly to me it was 2000/100,000,000 total of the comapany, so when a find WAS found, you would need more items to get an amount "per share" or earnings "per share". But wait, I'm not done. And I'm not saying it was bad. Those extra shares allowed us to SURVIVE. And a year ago we were told the gold buying would be the latest thing that would give us a PROFIT for the company overall, and fund ALL the diving activities. So we would stay about 100MM shares outsanding. We didn't like it, but things were looking up. Oh ... and we might need a "little more" selling of shares from the 100MM we were at, but Wilf was also going to fund the company himself, so it would not be diluted much more. When reminded about how it was supposed to stay at 100MM the FIRST time TOO, before the reverse, he said the profits from selling the Scipion booty would be used to buy back shares of the stock to lower the float back down. The division was supposed to happen in the fall. The fall of 2008 I think. They couldn't tell us the "exact" date for fear of pirates, but it was coming back to America in the fall and we would sell it off. And we listened. And the float rose. Granted, I think the museum is a GOOD thing. I AGREE that getting money over and over again instead of selling them one time is good. But the fact is that we were told that the selling would prevent dilution, so even though it is good it sure was tough to see the dilution come back again.
By the end of 2009, the float was back to 500MM. NOt the original 500MM, but a new 500MM after the reverse. Now if you kept your shares from the first buy, you owned 2,000/500,000,000. MUCH less ownerhsip in the company, and in anything finally found. And I didn't like that. But at least we were at the max allowed, since the authorized was 500MM when we did the reverse (I remember that! The authorized was 500MM before the split, and remained at 500MM after the split, which many of us didn't like. We said it would dilute back to 500MM and were told it would NOT, and to stip griping.) But it was back to 500MM.
HERE is where my problem comes in. We are now at over 1 BILLION shares. I think close to 1.4B someone said? Well over a billion though! And our authorized went to 2 billion. What happened to our authorized being 500MM? WHen did it change, and why were the shareholdes not given a VOTE on it? That was not good! We had a max, and it was changed without anyone being notified!
Continuing, with ALL that has happened over the YEARS, the company had 500MM as of 12/31/09. And now it has diluted over 100% higher from THAT number. So ALL Of us that own shares, whether bought at 25 cents or at 1 penny, have been diluted to less than HALF of what we had in the company since the beginning of THIS year.
The company is selling like CRAZY. They are selling our future, IMO, and the stock can't go higher if there is constantly selling pressure on it. Plus - and people don't seem to remember this - the value of a company that has let's say 100MM shares outstanding at 5 cents is $5MM. That is the "market cap", or VALUE of the company. The value of a company with 1.5 billion shares at a PENNY is $15MM, three TIMES as "expensive", even though the price per share is 80% lower. So when we hear "the company is in better shape now than it was before, and yet it is selling at such a lower price. I don't iunderstand" the answer is that it is NOT selling at a lower price. It is selling at a HIGHER price, becuase it needs to be divided by the number of outstanding shares. And the dilution is killing us. THAT is why we are under a penny for MY answer (opinion). If we had 500MM shares outstanding, we'd be at 2 cents or so just to be at the SAME price (market cap) as today. If we had 250MM shares outstanding? We'd maybe be at a DIME. So the value has gone UP, even as we the SHAREHOLDERS have LOST money. Hard to understand, but TRUE. Instead, it has gone up for the COMPANY, with WIlf selling a larger percent of ownerhsip in the company since January 1 of this year than ALLLLL the buyers of ALLLL the stock EVER since the inception of the comapny through December 31, 2009. the NEW owners of the NEW shares (bought at the low levels that I can't BELIEVE he would sell shares at - but he DID!) own MORE of the company than ALL the outstanding shares of the owners before 1/1/10.
And that again is why we are at less than a penny in my very humble opinion.
Now the good news. I feel that we ARE at the BEST spot we have been at EVER in this company. I feel the future can be BRIGHT. But that is as a COMPANY, not as a STOCK price. If We go to 2 billion shares, and our price goes down to 0.005, we'd be HIGHER in "value" as a company than we are today. But we'd all LOSE money in our investment. Contradiction? No, just fancy accounting! We win ONLY IF Wilf STOPS selling MILLIONS of shares a DAY in deals that dilute us to NOTHING.
The shares bought a few years ago at 25 cents? They were 10,000/100,000,000 of the company. NOt great, but expected for a small investment. 0.0001% of the company. NOw? NOw they are 2,000/1,500,000,000 (or whatever we are at today) or 0.0000013% of the company. Amnything Billy finds will benefit that owner a lot LESS than it would before. And ALL the people who bought ALL the shares in EXISTANCE as of nine months ago? Those who owned the ENTIRE company, since it was ALL the shares? Now that represents about 38% of the comapny, and "others" will get 62% or so of anything that is found.
That's not loyalty to the old shareholdeers who helped this company through their tough times! But that's the way it is.
Last thing. "Billy". Go out there and find enough to make this work ANYWAY. YOU are my hope in this company. AND the reason I am LONG on the stock as of a few weeks ago again. When the news of the permits came out I bought again (for the short term. I won't be in it for a year) in the 0.0022 and 0.0028 range. I'm happy with the gain so far, and hope for MORE gain when we hear more of what you are finding. "Yes, short term, even at this level, I am BULLISH". But, with the accounting that Wilf has done, with the dilution this man keeps giving while saying he won't do it, and all the rest of what Wilf brings to the table, I"ll take my profits when the good news rises us up to a good level (and I DO see that coming) and then move out again until it falls back. Which it WILL do, IMHO, because the dilution is a killer. ALways has been.
This is a long answer, but that is MY OPINION on why we are still stuck at a penny. And why a penny is HIGHER THAN 5 cents a few years ago. Market cap, not stock price. We ARE priced higher, thanks to dilution. Now let's hope we get some more good news, and we can finally crack that penny and go to numerous multiples of it over the next few months. I think that CAN happen.
This is ALL MY OPINION to answer your question. Do your own DD and come up with your own thoughts. I don't post often, because I post long posts and they stir anger. But I'm allowed my opinion, and I think "we are going higher but in SPITE of how the company has been run" and after a spike we'll drop back down. Have a good afternon, and Now the slamming begins.
And yet DPBE has moved up to a penny all by itself. on NEWS, instead of a reverse split.
ALthough I've been a skeptic over there on many issues, it looks like they FINALLY have hit a big one. And that shows that this company TOO can hit the big one - if they will only pull away from the dock!
I'm out of this puppy (since 2009) but follow it in case it is worth buying again at some point. So far it is not, IMHO. They just aren't working! Who knows why. But at least the success of their compeitiion shows that these things CAN happen. So that's a positive.
In the menatime, I'm looking at the DPBE board more than this board nowadays. This board is dead, for good reason. We need a ship )And a boat out sarching for one!) And DPBE may have taken one that could have been MEXP. So ... on to DPBE for now.
Who is the captain of our second boat?
Historical artifacts. Again. (Cr@p)
And we diluted from 100MM shares to 500MM shares and now to an whopping 900MM shares while working on the last "artifact" ship.
By time we get some MONEY in, we will have 2 BILLION shares out there, and then any money grouight in willb e so small compared tot eh outstanding that we won't be able ot make even a penny profit per share. And with no hopes of TREASURE, we won't have a treasure hunter's high PE, so I don't see us moving into that 10 cent price Wilf was hoping for. Or the $1 party!
I see the bid went form 35 mill (1/10 of a penny is called a mill) down to 22 mill today. Bummer!
One question on the quarterly report. How did we get to 958MM shares outstanding? The total authorized is only 500MM. That was done when we did the reverse split because we already used all 500MM shares, and so we did a 1 for 5, but we kept the authroized at 500MM so they could sell more shares again. And we were at about 480MM outstanding I thought last time I checked.
How did we get to 958MM shares outstanding, and how can we EVER get above our TOTAL authorized shares of 500MM?
Anyone know? Max? You able to get an answer for us on this one?
I'd appreciate it. thanks.
Dusty,
I read that differntly. Look what they wrote. <<the twin to the Karli Ann (formerly the Cap’n Tracy) was purchased, renamed the Kerri Lynn and outfitted to join it’s sister ship >>
So it looks like the Kerri Lynn is the sister ship, and it is sister to the formerly named Cap'n Tracy which is now named the Karli Ann.
No?
So we changed the name of the Cap'n Tracy to the Karli Ann? When did we do that?
Yeah, I'm not too sure about this lease thing. As you said, it means that for two years there will be NO searching of ANY permitted area for ORRV. Instead, the boat willb e under another company and ORRV will just be getting a lease amount for the boat. NO chance of finding any cheese. None at all. Not for us at least. Just for someone else. Not exactly what I had in mind.
Also, it is a head scratcher that the day before this was announced, there was another announcment by DPBE. they said that they were going to some class to see if they could get on as a boat to help clean up the BP problem. So, they release something htat sounds like they may be moving the boats to FL or LA, and then the next day release saying htey are bringing this boat to join their boats in the DR> Conflicting releases. they can't have the boats in the gulf and in the DR at the same time.
Maybe I'll try to ask for a aclarification on that from DPBE. maybe they will bring this one down there to do the shallow water that the tracy can not do, and the Tracy willa ctually be going to he gulf? And what about the mideast project? Seems like too many areas we are supposed to be in at the same time.
A head scratcher.
Thank you Max (And Wilf)
I was just looking for an answer to the one question. The show is 4 segments of 15 minutes each, according to the link. 60 minutes. It is 6:49AM here, and I need to get to work soon. I don't have an hour to go through looking for one answer.
I was hoping since you heard it you might be able to tell me in 30 seconds what would otherwise take me 30 minutes to find.
I'll wait and see if Wilf posts an update I guess. Thanks anyway.
No update on lifting the chill?
What ever happened to those coins Billy? Will they be in the museum? SOld at some point? Or are they so bad that they are not worth doing anything with?
And did we ever determine what they were made of? Copper or something else??
Billy,
I'm going to jump in on this conversation, and just bring up one thing that you just said. <<I do like the idea that we are not selling what we found. We will be displaying them in the museum. And please let me explain why i think that is better. >>
The point many people are making is that for three YEARS we were told that "there may be gold on this ship" and "the artifacts are one of a kind and rare. they are valuable. Don't say that just because they are artifacts and not gold treasures that it is worthless. We will sell these artifacts for MUCH MORE than you think. Some for more than we would get for the same weight in gold" and things like that.
We were TOLD that we would sell the artifacts and recover money. We were TOLD that they were valuable and we would do well when we got our split. To hear that the split will not be sold is maybe to have a better idea, but for many it is to have a DIFFERENT idea. different than what we were TOLD. And that's the point of contention. To "me" that means that the hype of selling them at such huge amounts did not happen and were ... well "lies". Meant to be or not, they turned out to be that way. The REVENUE that was PROMISED from the Scipion will now be spread out over many many years from little monetary dribbles from the museum, instead of a sale that was TOLD us would happen.
I hope you see my point. Personally I LIKE the museum. But the point is that we are always told one thing and then something else happens. I wish we could put SOME of the artifacts in the museum, and SELL the rest. Remember when we were TOLD that the investors would be given first shot at buying those artifacts? I remember that! I wanted to BUY something! Now it will not happen.
It has to do with someone's word Billy. YOur word? I believe your word to be GOOD. You have shot straight and said what was happening, and that is good. But the investor relation leader, known also as the CEO, has lied to us, IMHO. Told us over and over things would happen. I"m not going to go into the specifics. Others will rain down facts if you want them to (pun intended. Remember that one?) There's been LOTS of things said. And they too often don't come true.
I have saved written replies from the company saying that the first division would be coming home in late 2008. Then we'd go back for more in 2009, but we'd be able to get some revenue to not have to sell stock in 2009, because the revenue from the artifacts would allow us to not dilute the stock. Billy, that never happened, and the stock WAS diluted. HUGE. It was only about 4 years ago that we had 100MM shares total. Now? Well, we took that 100MM, raised it to 500MM by dilution, because we had no revenue, (hence why it was IMPORTANT to GET the division and SELL some of it!) then reverse split so that it went back to 100MM (And anyone owning 10,000 shares now owned 2,000 shares) and now we are back close to 500MM shares again. How did that hurt shareholders? If before you owned 10,000/100,000,000 of the company, now you own 2,000/500,000,000 of the company. THAT my friend (said truthfully, not sarcstically) is DILUTION. But again getting back to the point. If the artifacts were sold in 2008, that dilution would not have happened. And it was SAID to be going to happen. INvestors RELIED upon those statement in making investment decisions. KNowing the company woudl have revenue, and potential protfits, made ME buy more shares in 2008 and early 2009, and then when it did not happen that HURT my investment. So I was hurt by statements that later were not true. And now you are saying it is good, but you see why investors re grumping? It's not whether it is good or not - it's what it meant after being told the OPPOSITE by the CEO.
There was a statement that people would be able to dive witht eh company, Exuctive Escapes, and would PAY to do so. (I called.)That would fund the operation for 2008 or thereabouts. That never happened. There was a statement that we were buying gold on the weekends. that was going to bring us to profitability, even after 1/3 was siphoned off for the employees (which I approved of and appluaded as worth doing. Still applaud!). That fizzled. We had contracts in fresh water that were going to pay for operations. Never happened. So we have been told things, and told things, and TOLD things, and they never happen.
So when you mention the museum, it rubs me wrong NOT because it is a museum, as I like the idea in general, but because it takes that REVENUE we were told would come in 2008 and 2009 and takes it AWAY from us for now. Revenue is what allows a company to not dilute MY holdings down from 1% of the company (10,000/100,000,000) to 0.04% of the company. That's a MAJOR change in ownership, again called DILUTION. Think of a stock going from $1 to $0.04. Is that a good investment? Of course not. Yet that is what the dilution did to ALL investors because even if we DO find something, what was 1% of that total is now 0.04% of that total. For every $1 per share owned it might have brought, it will now bring that investor 4 cents of the find. See my point?
I Know you are a diver. A captain. Thinking in stock terms is not your forte. NOr should it be. But that hurts all investors in the company. And having it happen because we werwe told one thing and the oppostie happened? that's not good of the company. Their word. Not yours, but Wilf's. It has been wrong way too often for a CEO. I know you say things based on feelings for him, but if you look at it as a shareholder, not an employee, I hope you can see the damage done to ALL of us, and why some are so angry. fair enough to ask?
Anyway, that's the point most investors are trying to make. That they have been told things over and over again but those things never happen. Things that would turn the company around, but then become not reality. We want reality in the STATEMENTS made. We want ... Captain BIlly to run the PRs. At least we can BELEIVE them that way.
I know this was long. But does that show why some of us are frustrated? Told one thing, then another happens. That's just not right. Not when the stock goes from 30 cents to 3/10 of 1 cent - AFTER a 1 for 5 reverse split! YOu look at it differently, as a company. We look at it as a stock. As a company, you should like that Wilf is doing what he thinks is right. As a stockholder, his starts and stops leave much to be desired andhave hurt us tremendously.
Enough.
Be well Billy. Find us something better to work on, and let's get it back to 30 cents. (Which would only be like 6 cents thanks to the split. But it's something!)
Randy,
But how goes the attempt to get the chill order rescinded?
Are we going to trade any time soon?
Thanks max. Shall call today or tomorrow.
Question on our ORRV dividend to DPBE shareholders.
I FINALLY get Etrade to SEND me my shares of ORRV. Still restricted, but htey are in my hands now. Next I intend to send them tot he Transfer Agent and see if they will return them to me wihtout a legend (restriction) on them.
I know at one point someone had the phone for the Transfer agent. Although I can look it up, if you have it can you post it again, so I can call them? Just being lazy I guess, but since someone has it I"d sure like to get it from you.
Thanks.
True.
Yes, things are looking up for the company. AND ... we don't have any idiots pumping the stock for the short term like we did a month ago. that too is good. Even though it went up, it was for a pump and dump scam, and that helps no one. ever. So hopefully it will start to rise again soon, and for the right reasons. (Can you tell that when those guys came on board it really got my goat? LOL.)
Some things that would help the stock and comapny if they werwe actually moving forward, other than the museum (Which I LIKE) I'd like to get some updates on the split of artifacts. That should have happened a few times (Including a year ago, according to first releases) and we need to finally bring something home for our work on the Scipion. Maybe even sell some of it to get some REVENUE for the company.
Seems like the gold buying is dead. I know they cut back, but now I think they are doing nothing with it. We haven't heard anything at least. I thought they were going to do some things with local schools?
And I'd like to hear some positive news about the middle east, instead of that being a PR to move the stock short term and then nothing since then. But maybe that one is still alive. Time will tell.
It was pretty disturbing to see that they are $140K in arrrears on the boat payments. More than anything else, that looked bad. ALthough a close second was that the company sold 444MM shares, almost 100% of what was outstanding before that, in the past few months. Doubled the size of the company, at least in stock, in 3 months. Diluted the owners that own by 50%. in 3 months. OUCH.
Those two things tell me that even if it hits trip 0's, I'm staying out. NOt worth it. At ANY time, a notice could come out saying the boat has been taken back, and they now have nothing. that would end the company. Chart or no chart, when the company goes belly up, the stock goes to zero.
So I'm not looking for a re-entry point any more. too much risk, IMHO, to own this stock, if they go under while you still own.
And as for th epost saying "why is the price holding at .0015-.0025? If they are dumping, at the current volumes shouldn't this PPS should be spiraling down to the .001 and trip 000's? If it's mostly dumping and no buys, then this should have tanked. IMO "
Dude, it was at 2 cents a share 60 days ago. It is now at 1/4 of 1 cent. That is down 88% in 2 months. that is not "tanking" in your opinion? Because it is not down 95%, and "only" down 88% you think it means it is still good? I don't understand that. Second time it looks like you are taking something and subjectively changing a fact to make it sound reasonable in your mind. Down 88%, from 2 cents, which was already down 90% from 20 cents earlier, which was already down ... well, you get it. But ANOTHER 88% from 2 cents to .0025 is "tanking" in my book. Which is why I sold at a loss at 0.015 and am glad to be out. Sounds to me after reading the report that the company is close to folding, and I can't believe they sold so many new shares in the dying days! All my opinion, based on the report they just filed
I'm gone. This report showed me that this is not worth my time, again for the reason that they could be shut down at any time imo, and i don't want to own when it actually happens.
Catch y'all later on some other board.
This is where the difference came from. <<My chart read was based on the the previous support of .0028 as an all time low>>
The all time low was about 0.004 just a few weeks ago. ONce it broke that, I didn't see support at 0.0028. I saw it trade at a new all time low at 0.0035, then 0.003, then 0.0028. The next day it went back to 0.0035, but that was only one day. I didn't think that was enough to call 0.0028 a support level.
Maybe you weren't watching it for as long as I was. So you thought the 0.0028 was a good level. it was just another notch on the way down to new lows almost every day.
One other thing you might want to check on. According to a post a few days ago, they got an updated O/S number, and it was MUCH higher than the one you quoted. yes, yours is the one I quoted as the first number. But, if it is true that the transfer agent has an updated number, since the last filing, then that would show the selling. I'd say check with the TA, and if it is true, take that into consideration on the "oversold" chart.
glad to hear you're position is only at 0.003. At least it is not 0.005. As for me, I've been in and out, and last was a sale (not that long ago. A few months ago) at 0.015. that looks like a HUGE price now. that was a sale at a loss though, as I bought it at about 0.022 and watched it break through support at 0.016 and sold on the break. Even though it was a loss, I'm glad I did. whew.
I was buying on news and selling shortly thereafter on this one, and doing well. But I have a bad feeling by hearing that the boat is never leaving the dock. Almost makes me think they have given up. That is holding me back on things, and fortunately not buying has been a good play. PLus, if the company selling is truly there (And the volume WOULD support that. Who ELSE would sell at these levels? true?) then they might be making a last grab at money before it deteriorates to nothing. Be careful on this one. As some have said on this board, the company has issues, and that might trump ANY chart reading, as a special factor that says to avoid it.
And I'm still not bullish on the CHART, much less the comapny. Until I see support, until I see the selling (by whomever!) stop, and until i see new all time lows NOT being hit for 72 hours, the chart will look bearish to me, even if the oversold barometer is screaming a buy.
You've been saying it is at the bottom since 0.005. That is 70% ago! <<I like technical plays and I feel that we are close to the bottom, which spells out a buy opportunity for me. >>
The chart, as I've tried to explain to you before, shows that it is hitting new all time lows on 3X normal volume. that is a bearish chart, and one that people AVOID "until" it hits bottom. I've never said you should not buy. I've said you were wrong in saying the chart was bullish at 0.0045. At 0.004. At 0.003. At 0.0026. At 0.002. Dude, that's a falling knife, and you are trying to catch it.
It has to TRIPLE for you to get back any profit. If you would have WAITED, like someone (ahem) TOLD you to, since it was hitting new all time lows EVERY DAY, then you'd be in it at MUCH LOWER numbers. Imagine if you bought into it at 0.0014 instead of 0.004! When it got back to what is now bout your breakeven on those shares, you'd instead be up almost 200%! Instead, you are down over 50%, regardless of whether you sell or not.
You have tried to say that hitting all time lows is "Accumulation" and that breaking the floor is "hitting a bottom" (When BREAKING the floor means support has been pulled and you should WAIT until a new bottom is formed!) YOu've let subjective thinking interfere with your objective looking at the chart. As for it reaching close to the bottom band? Dude, it went through that band a LONG time ago. Which is BEARISH, which is what I've been TELLING you for DAYS.
You're reading your chart wrong. As for the ONE sign that IS bullish, where you are RIGHT (I have no problem saying that) it IS oversold. But, there is something OUTSIDE The chart that interferes with that. If it were a stable stock float, then it IS VERY oversold. And due for a bounce. But - since it showed 500MM shares outstanding about 10 weeks ago, and someone said it is showing 900MM shares outstanding now, it means if that is true that the company is the one selling. SO even though it is oversold, they have unlimited shares to sell, and again it says i would WAIT until they STOP selling, and it hits SUPPORT, and THEN be a buyer. YOu've been saying it is a great buy chart wise for 60% down, and that is not a good thing.
Eventually, as a CHART, it SHOULD look good. Granted, I still think there are fundemental issues that could hamper the chart working, but that's a different story. I'm talking charts here. Still think you are not correct in saying it is bullish, and so far it has gone a LONG way down, as I prediicted when you said it was at support, and you have been wrong.
So show a little humility in the fact that you were WRONG to buy it when you did, and realize that you CAN learn something, even if you know charts some already.
Fair enough?
Hey wreck. They said they loved it at 0.005, and that it just had to break that point to go all the way to 2 cents. super thin to 2 cents. Lots of support.
now it is down ... 60%? And they STILL love it.
It has to DOUBLE just to get back to break even from where they first thought it was a simple no brainer double (or more) from there. But don't tell THEm that. Becaeu if it goes to 0.0015 and then back to 0.003, they will "claim" that they hvae a DOUBLE in it. Even though they SAID they were buying when it was at 0.005!
Does that answer your question about whether they are kidding or not?
Weird question. "What's with all this volume? It doesn't look like dumping to me. Price .0026-29"
Let's see. It has high volume. It hits another ALL TIME LOW during the day. hmmmm, what could it beeeeeee.
Nope, doesn't sound like dumping ot me either. LOLOLOL
Dude, what does dumping LOOK like to you? Dumping is when you get large volume, and it goes down. Don't new all time lows count for you?
When a stock breaks through the floor and hits a NEW ALL TIME LOW, that is not a "bullish chart".
YOu guys keep saying the chart looks good. HOW?
Going down to the lows is NEVER a "good" chart. Why do you think it is good? Can you truly read a chart, or are you hoping that others don't know how either, so when you say it looks "good" you rely on their ignorance to not say you are wrong?
The chart isd NOT bullish. Not when itis back down to 0.0028 and the bid is at 0.0027, a new all time record low. Bullish would mean SUPPORT. Trends showing a certain level that it does not break. If it breaks that support, then charts are showing a BEARISH, and you wait until a new support has been found. Here? No new support has beeen found yet, so the "Chart' is not bullish.
And like you, I'm not talking about the company. I'm saying the CHART shows a break in support, and that is NOT a bullish chart no matter HOW you try to spin it!
What?
"Agreed! Someone is accumulating. This will point up in time. "
Average volume last ten days - 3.1 Million per day.
Today's volume? 423,000.
HOW does that look like someone is "Accumulating"? It LOOKS like the sellers stopped selling when the price dipped below $0.004 (ouch!). that is an objective thought by looking solely at the volume, the price (drop) and then the lack of volume when we hit a lower price. But it doens't look like any "Accumulating" going on. If it werwe accumulating, you would expect higher than normal volume on the up day, not 10% of normal volume!
Does "reality" mean anything when you guys post these things? How about 2 days ago, when "0.005 is about to go, and it should hit a penny by the end of the week"? That resistance didn't look like it was about to go, but reality didn't matter. Now it is 20% below that level, but the posts are still based on what you WANT to say, not what REALITY says. Post bullish statements if you want. But posting things about the MARKET, instead of the company, and posting things that are contrary to what reality looks like? Saying it and it being true are not one and the same!
Hey, if it goes up, I'm not upset by that. But posts that are just pumps saying things that are just not true? Don't like those ...
blademan "Capt, you ever read a chart? Pinks are chart plays and this one is screamin buy! You're right, I don't care if this is a paddle boat! This one is ready to pop. I'm no pumper, just a chart and Share structure player"
Actually, you ARE a pumper. You and the rest of the new guys that just came onto this board are trying to stir up some interest, and hopefully get some others to buying. Then you will sell (Dump) and move on. It happened just last month on DPBE, and it failed there. It will fail here too. the reason it will fail is that no one is real excited about the stock. IN a normal pump, you get others that were bullish already to get excited, they continue the buys you guys started and then it goes up beyond your purchase price. Then you sell, and the bagholders are left with the stock.
Here, there is no real interest. The board is significantly negative, the bullsa re not buying more because they are concerned over the lack of work being donw by anyone in the company, and therefore, IMO, no one will bite, so I don't think it will do what you want. I'm being honest here.
As for the chart showing a screaming buy - you and I both know that is not true. When a stock hits a new 52 week and new all time low, that is not a bottoming pattern. that is a break of suport and it normally goes down from there. A new 52 week low is a charting SELL signal. Until you see a REAL bottoming, based on the new lower support, you can't say the chart is a buy. You rae just saying that and using some jargon to support the pump. Which is fine, IF the supporter werew here onthe board to get excited. Agian, they are not, so here I think it is going ot fail. And the stock HAS done the above mentioned dropping for the past month. It's hit new lows, gone down, and continued down. there is no J pattern here, as new lows were JUST set. Instead of a J pattern it is a K pattern. As in falling KKKKnife pattern. You are asking people to catch a falling knife. At times, expecially in pinks, it WORKS for you. You get it low, you get others into buying it, and you make a profit. I understand the game. I don't like it, but I understand it. But I'm telling you that this one is not primed for a P&D. Not enough positive excitement, not enough buyers, and too many that know the truth and will kill your rallies.
You see a penny soon? Not probably going to happen. No resistance on level 2 until 2 cents? Also not true, as level 2 shows the lowest ask from each MM, and many of them are stacked with bids from within, so if they were filled on their first ask the ask would not move up to the next MM, but instead move up on the same MM to their next lowest ask. that doesn't show on level 2, and is a problem when you are looking so high on the scale and thinking that there are no other infills from the same MMs.
I hope that makes sense and you see what i am saying. This pig won't fly, and although I know you and I are not talking about the company per se, I'm saying that even as a P&D this stock is probably NOT going to do what you and the other guys are looking for.
IMHO. Which was right on DPBE when it started there, and I feel pretty good about it here too.
Sorry Bill
<<What just happened? .0079? WTH? My office computer is slow in putting L2 and trade info on sometimes.....like now. But, it does look like my plan to pick up really cheap shares is pretty much thwarted for awhile>>
I was probably part of that. I mentioned a few days ago (I think last Friday) that with the museum news and some other good things that I might be buying this week. After the settling of the pump and dump ended. I bought "some" of that volume you saw earlier and they moved the ask up against me so I could not buy more. So I'm partly to blame for your not getting some cheap shares.
Even though I HATED the pump and dump, I said if the museum looked like it was going to happen I might add a little. I did. And I might add more later, IF things look like a turnaorund. I might sell too, if the museum gets even a LITTLE squirrelly (in my opinion, to me).
Average cost basis of just over 0.06 this time around. Let's see if the news can move it a little for me to make osme profit back from the last time I owned this.
This one though you missed by a little.
<<The clue I looked at also was the one posters name was greenlocus I believe? I thought about it and what do locus do? they come in eat up everything and then leave! Seems like his handle fit well?>>
That would be a locust, not a locus. A locus is
lo·cus /'lo?k?s/ Show Spelled[loh-kuhs] Show IPA
–noun,plural-ci /-sa?, -ki, -ka?/ Show Spelled[-sahy, -kee, -kahy] Show IPA, -ca /-k?/ Show Spelled[-kuh] Show IPA.
1.a place; locality.
2.a center or source, as of activities or power: locus of control
:}
TB - <<It appears with the opening of the museum, and the new dive season. That the pps is heading higher for real! No pump and dump by some new posters. I'm looking forward to the 2010 dive season and the museum opening. >>
And that's a rise I can ROOT for.
Posted March 29th.
<<News out today, stock down 6%. Bid lower. Ask lower. Chart now looks like a TOP. Lots of resistance came in, and was solid all day. Not pretty looking chart after this hard of a ceiling is hit.
Could be a problem, IMO.
last one out gets 0.004 for their shares?
>>
Sorry to see it came true.
And not one post from the hypsters of the last few weeks. All gone, on to the next scamming pump and dump.
I still think $0.004 is good support though. I thought it at $0.012 and I think it at $0.0044. I might even be a buyer in the next few days. Because the price is low enough to buy again, and based on the future of the company, not on some short term hype that it is going to 5 cents in the next 10 days.
I need to think on this one, but at this pricve I like being a buyer (finally). And if the museum starts to come online soon, it will mean we finally have somethig positive happening! (I was very bullish on the gold buying, and bought on that news. Then that didn't do as expected, and I sold. Hopefully the museum won't play out the same way - sounds great and then falls through.)
Thanks for the new pictures MAX. And for your posts.
The question is ... WHY did you buy at $0.01?
<<bought @ .01 should have waited>>
This stock has traded under a penny for a YEAR. It was hyped and pumped, and moved up on nothing different in the company than the week before. Just a bunch of new names came in here and started touting it. Some of us SAID that they would be here only a week or two, and then gone. And now? Now they ARE GONE. And the stock is back down to $0.006 on the bid. You are down 40% on your purchase, which isn't something to sneeze about no maatter what your total purchase amount was.
So, you could have bought it for about 1/2 a penny for a YEAR, and 10 days ago it was still there. Then some people came on and touted it. It jumped, and you bought AFTER the jump. Then they sold and left, and now you are what is called the "bagholder". And no, that is not an insult to you. I feel bad for you having bought it during the pump. You fell victim to a pump and dump scheme. You were one of the ones that they wre TRYING to get to buy it AFTER they bought it and started touting it. So that they had someone to SELL to.
On the bright side, there are many people here who bought MUCH higher than $0.01. SO you are not in the worst shape by FAR. (My first buys were ten times that price, split adjusted! Fortunately those shares were sold a long time ago, but still, it shows $0.01 is not as bad as it could have been)
I'm sorry to hear you bought at the high price of $0.01. But the company DOES have some things going for it. It is still a long shot, but you own it pretty low, even if 40% above what you could buy it for now or a few weeks ago. Just never buy in the middle of a pump and dump. It is almost ALWAYS a better buy a week before or a week after. Either one - but it's not a buy "during".
As for those long term bulls who said I was wrong and hammered me for saying it was a scam? I was right. they ARE gone, and we ARE back down near $0.005. But no apologies needed. We're good, in spite of your comments. I know you too were pulled in some by the hype. It DID sound exciting. But that is what they do. they make it sound exciting, like it is going ot truly go to $0.05 by the end of the week. And when the run is over, whether it be at $0.05 or $0.012, they sell (While still touting that it is going to them oon, so they have buyers to sell TO) and they move on. They have moved on now. It is safe to come back out again.
For the record - I'd LOVE to see us go BACK UP to $0.01. And to $0.02. But we need to do it becuase the museum starts bringing in revenue, we find some gold, or something else fundementally positive about the company. Then, as that news comes out, we start getting more longer term stockholders on the buys, and it doesn't come right back down after the pump. The pump ALWAYS leads to the dump. And I told you that during the pump, in spite of being hammered by some of you guys.
Now let's get back to our normal way of life, watching to see whether Wilf will perform or not, and not worry about the guys who are GONE and only came in to screw people like this guy who bought at a higher price than he should have bought at. At least we may have gained a few new shareholders though in the deal.
GLTA
I'd like to know what DPBE is going to do in this whole deal. They have a part, but it is unclear what that part is. As stated, we will probably NOT be putting our ship over a wreck. Not be putting our people there. So, WHAT are WE doing? And how much of the overall project does that encompass? Are we just giving some guidance, or are we doing more? There are numerous players in the deal, and we are just one of the named ones. So what is our part, and what is our return from the project? Are we getting 2% of the revenue form salvage? 30%? INquiring minds want to know.
I'd sure like to hear more. Instead, so far all we have done is attach out name to a project, and make an announcemnet. NObody knows (or at least I don't, from reading what was released) what it truly means to DPBE.
Tina - agreed. I didn't particiapte in this specific rise, because it is hard to gauge when the pumpers stop buying and tough to sell if they are pressuring it too, but yes, some non-scammers made some money. And that is good.
It's nice to see that the posters on the board today are the regulars that have been here for a while. Bulls OR bears, I'm glad to have our board back.
I know I slammed the new posters, but I was right in what I said. It DID hit a peak last week, right when I said it was getting "toppy". I was ridiculed as not knowing how to read a chart when I posted that, but of course that personal attack was left on the board. They DID come in and pump the stock, posting hype about the stock price and nothing about the company. Their posts about how we were going to 2 cents THIS week and 5 cents by the end of the month were just to get others to buy. They, IMO, were going to SELL on the hype, as the stock hit a frenzy (It never really did. Not like some stocks do when they do this to them) and after they got others into the stock at higher prices.
I hope none of the regulars bought at $0.012 or somewhere like that, in the hype. If you like the stock, you can buy it now, at normal prices. If you don't, then you could have sold at $0.011 or so. But my concerns over the last week were that new people that were NOT part of the pump would buy at $0.012, and those people are right now, a week later, down 35% on their money. That's just not fair, nor should it be legal. But they do it all the time, and move from stock to stock. And now they have moved on (It looks like) and hopefully we shall go back to normal.
I'm not anti-DPBE. I was anti PUMP of DPBE by the gang that took over this board. Yes, I'm not happy with things Wilf has said and then NOT done, and I've made that known. But the hypsters that came in and posted over and over and over each day were trying to get hype going just so they could sell out and screw others that bought on their hype. THAT is what I was fighting. They normally buy in before they start hyping it, quietly, the week before. then they pump, on this board PLUS on boards like "momo" and "hotstock". Did you see all the sites that put DPBE up all at once? It was all over the place! Now? Now they are on to other stocks. Whoever bought DPBE at $0.012, when they were touting it BIG time, and saying it was going to $0.02, and maybe even a quarter(!) are left holding, so they could sell into those people. I think they are mostly done, although they will be back form time to time for a few little posts and to check in. But today, Wilf buying 125MM shars no longer is of interest to them, whereas a week ago it was the second coming of the Lord that he was doing that. So, we go back to normal ...
Anyway, I'm still here. I'm still not happy with WIlf, and I'm still currently on the sidelines, having sold the last time a few months ago, but I'm still hoping that things turn around and the REGULAR (normal. lol) bulls on this board end up making money on this stock. I shall at some point be a buyer again too if I see things turning around. I've said that before too. that is why I am still here. Keeping an eye on one of my investments that I've had before and probably shall have again in the future. But the pump and dump is good for NOBODY.
Enough. I know I babble. But good to see the regular posters back. that's all I really want to say.
so Ed.
is there any company or person who IS worth investing in, if one wants to be in this field as an investor? I'd PM you to ask, but I'm not a premium member here, so can't use that function.
Odessey seems to have issues with Spain, DPBE is as bad as MEXP in my opnion, and I don't know of others. And that guy lst year who wanted money for his long range gold finding company scared the sche-mamies out of me. "just put a weight over a map, spin it around, and it will land on gold" or "we look at a map, and tell you where gold is within it, with amazing accuracy" is just not for me.
So, anyone out there you think is honest?