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faison, you know that to be not true. So why would you write that about me?
I showed my buys AND my sells, and no, I did not sell at 0.002. The latest time I owned DPBE, I sold at a loss, but overall I'm still up on my trades in DPBE. And I probably someday will be a holder again. If the museum starts to work, and things start to look like a turnaround.
But I didn't sell at 0.002, and you should not be writing things about me that are not true. Maybe they will delete that post, as a personal attack? Probably erase THIS post instead, but still - it's just not true.
And my comments about the things stated in the past that turned out to be inaccurate (lies) IS true. Which is why the fundementals right now do NOT justify this stock going up in value.
Looks like someone looking at the FUNDEMENTALS of the company, instead of the hype.
It seems no matter how hard the stock is hyped, it just can't stay above a penny. I guess when you keep coming out with new announcemtns for YEARS, and yet they almost always seem to not happen, people eventually get tired of it. Except for new people who haven't heard it all before over and over again, and think that it actually means something.
But diluting the company from 100MM shares to 500MM shares, doing a reverse to drop it back to 100MM shares again, and then selling agian to move it back towards 500MM shares i the float AGAIN, just shows that they are diluting and selling shares all the time, and whatever is eventually found will have to be split amongst so may shares that it won't add up to a hill of beans in actual earnings.
Even if we find $50,000,000 in gold and SELL it, instead of holding it (Althuogh so far it seems we have done neither. We came out with announcements saying we put a contract down on a bar of gold. Done deal. It never happened and no nes came of the demise of the deal. Just the hype that it was happening when it started. Then we were putting 1/3 of all the gold buying profits into gold to keep in the safe. Did that happen? If you believe the financisl statments, then no, that didn't happen either, as there is no asset to show for it) it would mean $0.10 per share at the new 500MM share mark. And that is before operating expenses, which would drop us down to almost no operating earnings, and that is before corporate expenses, which would STILL probably drop us to a LOSS. Even FINDING the cheese!
Yes, as they dilute more and more, even if they DO finally find something, it won't be enough to make a profit for the company. So although the STORY sounds interesting, and the HYPE is amazing right now with people saying it is going up but nothing about the company, it seems the fundementals are still making it hard for the stock to stay above a cent.
Sad. Sad for the real longs here, who deserve better. But fundementals say this company can not go up on hype and stay there. Not as they keep diluting and keep losing money (And showing zero revenues for their work. At least the museum will help that out - if it does what the company says it will do and it doesn't change somehow in the future TOO)
That's MY opinion on why we are back down a little below a penny, in spite of all the hype and news of late.
If you wait another few days, you might be able ot get them even cheaper, IMO
oooh.
News out today, stock down 6%. Bid lower. Ask lower. Chart now looks like a top. Lots of resistance camein, 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?
Correction. Ask on DPBE now 0.010.
Maybe the party is over on this one? last one out gets 0.0004 for their shares.
Timmmmbbberrrrrr
<<DPBE ask side; .0107,.0108,.014!!!!>>
Update.
DPBE ask side now .0102
Chart looking like a top? Lots of new resistance coming in. Looks like the move is over, IMO. Chart was lookign good, and now looks toppy.
<<Nothing can be proved for or againt your post but logic would dictate your reasoning is very lacking.. GL in this business>>
sure it can. just like wilf just posted that he owns 125MM shares, he posted many other times along the way. the reason you can't verify it as true is because you did not know the name of this company even 2 weeks ago. And you havce not read all the old posts.
They are there. I just pointed out that they are there. Go back and read the various times that WIlf posted his share total. I think it is admirable that he has done this, and glad he has bought. But, sowing htat he has bought all the way down also points out that his buying is not in anticipation of some amazing news in the the next week. It's his pattern (A positive one) but not something ot be twisted to get people thinking this week the stock will jump 100% (from 1 cent to 2 cents) "based on" the fact that the CEo is buying. That make sense?
As for the oustanding count, that too is easy. Go back to any point in time and look at the posts that show the O/S. You will see the growth of it.
it IS easy to prove these things, as they were posted AS they happened. Shoot, the reverse split back to 100MM is even on the SEC page and the top of this page, not just the board in posts. That's even easier to find.
So please don't say that my facts can't be proven. It's numbers, not opinions. I just showed the O/S at various times. And that is easy to prove. I showed tha the CEo has been buying for a LONG time, not because it is bad, but becasue it stops the comments that it will rise THIS week BASED ON the fact that the CEO is buying. THAT is the twisting of facts. I presented them in the true manner, as pure facts.
i LIKE that WIlf has bought shares and IS buying shares. But I think ti is wrong to try to use that as a hype for THIS week that hte stock should move, or that his buying procves that news is immiment. He's been buying for too long for that to be true (And too high of prices).
Gl on this one ot you too. I hope you help the original bulls make money and the stock keeps going higher and higher. I've said that before. But I want it to go higher becaus the museum is making money, and they are brigning up the cheese, as some here call it. Not going up becasue a bunch of guys are on the board hyping it (not saying you, but my fera in general) and will sell it when they are done witht eh run. That won't help the bulls in the long run, and may even hurt them. They deserve better.
By the way, there is more to the amount of shares being bought than "just" that the CEO is buying shares.
<<Have heard there is allot more news coming and I believe that will happen with the CEO buying up 25% of the float!
>>
2 years ago plus there were 100MM shares O/S. ONly 100MM. Then the company started selling stock, as the CEO started buying some shares. The O/S went from 100MM to 500MM in about a year if I remember right. Then the reverse split came, dropping the O/S back to 100MM, BUT with 1/5 of the shares you had before. Then, in the past year or so since that reverse, they sold shares again, and have raised the O/S BACK to close to 500MM.
So, if you owned 10,000 shares two plus years ago, you owned 0.0001 of the company (10,000/100,000,000). In the past 2 years, the company turned your 10,000 shares into 2,000, and increased the O/S back to close to 500MM again. Now you own (2,000/500,000,000) 0.000004 of the company. From 0.0001 to 0.000004. To give you the ratios there, change .0001 to "1 unit" and see what happens to the other number, to show the relationship between them. You went from 1 unit to 0.04 of a unit. Yes, from 1 unit to 0.04 of the same unit. Now THAT is quite the dilution! IN spite of the fact that the CEo is buying some shares.
Talk all you want about the CEO buying shares, but if the CEO is buying as the company is selling, and the company sold 400MM, did a reverse, and sold 400MM again, that is a lot more than the 100MM bought.
That is still "flooding the market with new shares" in MY opinion.
That's not over 10 years, but over 2 plus years. From 100MM to 500MM back to 100MM in the reverse, and back to almost 500MM.
SO bragging that the CEO is buying versus a CEO normally flooding the market with shares is not really accurate. The company IS flooding the market with new shares. And the CEO is buying SOME Of those new shares for himself. But don't say this is the opposite of what most pennies do, as DPBE is doing the same thing.
And him buying from a LOT higher doesn't give justification to say that since he is buying htere is good news coming. That good news should have come a LONG time ago if that rationalization were true. And at a lot higher price.
You write <<CEO MUST THINK WE ARE GOING MUCH HIGHER, WHY ELSE WOULD HE BUY 125 MILLION SHARES!!!!!!!!!!!>>
So let's talk the facts on that.
The CEo was bvuying at 10 cents a share. He thought it was going up to $1, an said he would hold a party when it hit $1. It went down.
It was down to 5 cents a share, and the CEo was buying more shares. HAd quite a few million by now. He thought it was going up.
THe stock dropped to 2 cents a share. The CEO was buying. Good for him. It IS good that he was buying, ad I wish it helped. I t didn't. NOt then at least.
The stock dropped to uncer a penny. But it would not stay there for long. The CEO was buying, and he know things that would make it go up.
Then the stock did a 1 for 5 reverse split. MOved it back up to 2 cents, but everyone owned 1/5 of what they used to own. And hte CEo kept buying.
The stock stayed above 1 cent, and below 2 cents for a long time. The CEO kept buying. Good times.
Then the stock dipped below 1 cent. And the CEo kept buying.
And now, all of a sudden, more than one person iss aying "The ceo is buying, therefore he must think it is going higher, and he knows more than we do, so we sould buy if he is buying." NOt necessarily true! What about the stuff he bought at 10 cent a share? Oh, and that was BEFORE the 1 for 5 split, so those shares are owned now at 50 cents a share.
So, since the CEO was buying at 50 cents a share, and it is now at 1 cent, we should be buying ... because the CEo is buyig?
He has bought more shares here than there, that is true. Because for the same money you can buy a LOT more shares at 0/005 than at 0.50!
But don't use the fact that he is putting out a press release stating he is buying as a reason to buy now, and a reason it is goin gup. He has been buying for a lONG time, and it has NOT been a short term catalyst on the stock.
If he ever honors his WORD, then THAT would be a catalyst on the stock price! Look at the promises, look at the balance shet, look at the reality of this company, and tell me why you like the stock based on THAT. Not based on the fact that the CEO is buying and that means it should have a good week "next week". That doesn't pass muster. It DOES help, and over time WILL mean less shares available for others when people want to buy, but it isn't something that should be used for a decision on whether to buy or not for this next week in particular. WIth no regard to the financials, the honor issue, or the other problems that the company has run into in the past.
The museum is a good thing. I liked the gold buying, but apparantly that has died for the most part. I don't know what's going on with the schools, as that was announced and then nothing after that (Like too many things here. WIlf puts out an announcemnt of some great thing, and then nothing. No follow up, no realization, and no PR aying it is no longer happening. Just gone.) or if we are doing ANY buying on weekends, but if the musem becomes the first thing that DPBE actually turns into a revenue stream, that would be nice. For next year, and for owning the investment, not for next week and for owning a flip.
My opinion on the price moves of late:
The stock has really had some nice green moves the last few days. But I personally think this is a pump and dump, so I can't buy shares in this move. I'm worried that when the people I feel are pumpers leave that they will sell again, at a profit, and leave others who bought during the run holding the bag. has that happened in stocks before? Of course so. And I think that is what is happening at our DPBE now.
I think we hvae been invaded by some people with short term trading thoughts and no knowledge of the company. I say that because that style of buying will swing the price longer term more than investors who buy and hold. Not move it but swing it. Back and forth, with no final gain when it is said and over.
The myriad of new faces shows that we have added new people. But if they buy on a "run" (pump), then sell (dump) then we will be back down to $0.007 again - or lower, and those that bought at $0.01 will be sitting on losses that disappeared to those who bought and then sold. So again, I say that my opinion on the movement of the stock is that it is artificial and orchestrated. I think if the museum does well, this company might FINALLY START MAKING SOME MONEY. When that happens, I might add a lot of shares again. Because the COMPANY is doing something fundementally right. But for a move to be based entirely on hype of "it is going to the moon, man" is not the right timing or the right reason to buy a stock. So I"m not sold on this move up in the stock.
All these opinions of mine are why I am not buying into this rally. All these opinions relate to why I think the stock will go up and then go back down, which is very relevent if one wants to be a buyer of this stock. Definitely a different opinion than many here, but one that I hope others share and we can all talk about.
What do the other long time posters think of this rally? I know you like the upward move, but do you think this is sustainable, or do you think the pumping might hurt in the intermediate term? Let's talk about our stock. Stay on topic, but also discuss the major move that has occurred the last few days, and what it means to US. The ones who have been here for 2 years or 4 years or whatever.
Max? Your thoughts? TB?
I think the rise in DPBE is pump related. the new faces are pumpers, IMO, and that is why it is going up. All of a sudden it jumps up, and these new people show up sayig it is going ot the moon.
I think it is a pump. And saying that I think DPBE is in a short term pump campaign can NOT be considered "off topic" since it is all about DPBE!!!
If you look at the Oustanding shares, and then look again 30 - 45 days later, you will see an increase.
So yes, that means they are raising money by selling new shares. PLus diluting the existing ones if they ever find anything of large value.
They are SELLING shares, even with the price down here at $0.015!
Sad.
Although I'm not going to take sides in this battle between Marcy and Wreckdiver, I at least had to comment on this sidebar of the ongoing conversation.
Marcy writes:
<<Look you really don't know as much as I do and its apparent by your statements. I'm finished with this and you. Your not looking for facts or truths just some sort of personal vendeta, You make that very clear.>>
You know Marcy ... when you are telling people how "knowledgable" you are, it is better to not make so many errors within your statment. LOL. Let me correct it, and put my corrections in bold and caps. << Look, you really don't know as much as I do and IT'S apparent by your statements. I'm finished with this and you. YOU'RE not looking for facts or truths; just some sort of personal vendeta. You make that very clear.>>
Sorry, but that struck me as funny. Weird sense of humor at times. It really IS "you're" though instead of "your", and "it's" instead of "its". Its is like his and hers. A possessive noun. It's is a contraction for "it is". So if you are using "it is", as you were in that sentence, then it is "it's".
Your and you're is also a contraction error. "Your" is that pesky little possessive again. "You're" is the contraction of "you are".
Now you are not only more knowledgable about MEXP, you have more knowledge of english to boot. Oh, and I didn't worry about the rest of the post. There are other errors, but I TOO make errors. I make typos more than anything else. Don't worry - I'm not concerned about your errors, so I won't be correcting your future posts. It was ONLY in the part where you are boasting about your superior knowledge where I decided to at least correct your grammar. I even let "loss" versus "lost" go, which you repeatedly mixed up.
I hope you make money in MEXP. Be cautious though, and don't discount the negative just because you are positive. Sometimes the other side has valid points too.
Max,
I figured it out. You wrote the site as <<(http://www.wsradio.com/) >> When I clicked on that link, it did not work.
So I went and typed it in but took off the "/" at the end. That worked.
You might want to go back to your post and take out that last /. This way others can get to it by the link also.
thanks.
Max,
when I click on in the link to the radio show I get
<<The page cannot be found
The page you are looking for might have been removed, had its name changed, or is temporarily unavailable>>
I figure since wsradio does more than just DPBE, and it is the home page of the site, not just the DPBE llink, that it should work.
ANy thoughts?
(I"m thinking of maybe staying late at the office tonight to call in and ask about the restricted stock on ORRV.)
Ed,
You need to realize you are being BAITED. Just like a fish in the ocean, you see an enticing bait and are grabbing at it. Ed, wise up.
The bait is ol' krazwhatshisname, posting his stupid posts JUST to irratate you. You point out painstaking facts and educated opinions, and he comes back with little barbs and jabs. yet you take those and go off again on more long points and education.
He is not here to "learn", nor to discuss facts. He is here to antaginoze you. that's all. That's his FUN. And you're being an easy target! He may not even believe what he is writing, I don't know. But he is not writing it for reality. He is writing it for effect. To dangle the bait.
Stop taking it!
Stop letting him get under your skin and just write what you know about treasure, about shipping lanes, about artifacts, and about the Webbers, because they are an important part of this stock. Others will write what they know about those items. And they may not all agree with you. But this guy is not arguing logic or treasure knowledge. He is a taunter. Give it a rest Ed, and don't get so upset over him. that's what he WANTS.
Have a good weekend. Go enjoy something.
Faison,
Now I see the problem.
When you say "You guys are amazing!" it shows that you see things as two camps. One against the other. You are on the bullish side, and you must destroy anything that is on the bearish side.
I don't look at it that way.
As I wrote - I say things positive AND negative about the company. I have owned it and I have sold it. (I have never been short the stock.) I'm not a "you guys". I'm someone who says that in THIS case what Wilf did sounds to ME like it needed a press release to meet SEC regulatory requirements on full disclosure. And instead of Wilf complyng with that, he said nothing to inform the public of this change in material fact. And then when directly ASKED about it, he ignored that question. And that is IMHO a WRONG thing to do.
I see you as someone thinking of how to defend ANYTHING negative said about the stock and trying to do exactly what you are doing now. Putting people into two camps, and acting like the other camp is the enemy.
I am not your enemy, nor an enemy to the company.
But in this case, I am stating my opinion that the overbearing facts say what Wilf did was wrong. I don't wish DPBE ill will. I even put in that last post that I hope for all the longs sakes that it goes UP. BUT ... I'm not a kool-aid drinker EITHER. Because I hope it goes up doesn't mean I have to say nothing but good things about it. Or see nothing bad that is done. Wilf made a release that was a lie. It was not that he was "trying to buy" a gold bar, but that he had "entered a contract to buy" it. Then he gave glowing reasons why that contract was a positive for the stockholders (Which it WOULD be!). When that contract was not fulfilled, he had a FIDUCIARY OBLIGATION to TELL the stockholders that it was cnaceled. BECAUSE he put it out there as a positive press release. You may not LIKE that press release - but I'm pretty sure that is how a prudent man would read the SEC rules of fair and full disclosure. SO it was another in a long list of mistakes that I say was made and are still being made by Wilf. Another in the long list of what I consider flat out lies that was made and is still being made by Wilf. Yet you want to DEFEND that? Say it is "you guys" that are the problem by bringing this UP? not that what the CEO DID was wrong? THAT is amazing to ME. That you would let a comapny make you so subjective that you could not see ANYTHING that they do as WRONG. Because it wouldn't look good for the company to say it? Are you an educated investor? Do you KNOW what it is like to be a PUBLIC company? Yes, even for a pinkie.
YOu will defend it now and probably tell me how I am a bad person. But I have no axe to grind with Wilf. I constantly wish the longs well. I actually hope that the company will change the way it does these press releases saying great things and then not do them and cover up the fact that the pres release has died. That DPBE will ... humble itself and turn from its wicked ways of misleading press releases on items like this, so that the SEC will forgive their sins and heal their stock (To paraphrase II Chron 7:14 poorly.)
You write what you want. But at times Wilf does wrong. And this was WRONG. If you defend it, then your subjectivity is showing boldly as one who can't be trusted for an honest opinion. I can say when he does good things. I PRAISED the gold buying when it was announced. Can you admit when something is wrong ... and probably not in line with the full disclosure laws of the SEC? (That's a direct question. )
Other than that, I wish you the best with your investments, INCLUDING DPBE. Just NEVER marry a stock. Never get so blinded that you can't see the wrong they do. It is away to lose money. But I'm preaching again, and you don't want to carry that cross, do you? (More rhetorical. But please answer HONESTLY the other question.) Gotta go.
Faison,
I state the truth, and you attack me? How does that make your posts gain credibility?
As for your statement that I currently own zero shares, that is correct. But I have owned shares in the past, numerous times, and still watch the stock. I may in the future own shares too. Am I not allowed to post unless I am a shareholder? Am I allowed to post only if I state I am willing to drink the kool-aid? Only be a positive non-objective poster? I think not. Objectivew posts pasting answers and givig opinion is ALLOWED on this board, even if it is an opinion that the CEO should have done something different than he did. Not to mention the fact that I have posted positive AND negative things on this board. Because I believe every company has BOTH. And in this case, I think Wilf made a big deal over a purchase that was possibly never intended to be consumated, and was a fake PR. But to answer your question to me about whether he should have had a press release saying it did not happen ... YES, I think that Wilf should have said in a statement somewhere that the deal to buy the huge gold bar fell through! Companies all the time come out with press conferences that state that previously announced items are no longer going to happen. In fact the SEC says that it is SUPPOSED to happen. If you have announced that something was going to happen and it now is not, you should TELL the world it is NOT going to happen. That is clled "Full disclosure". So YES, according to the SEC, he probably SHOULD have stated that the deal fell through.
That's one of my main issues with Wilf He comes out with press releases saying positive things will happen, then they do not happen and he does not dislcose that they are no longer on the table. That could lead to SEC violations, even WITH the "Forward looking statements" clauses. Forward looking says they might not happen, but when they fall through forward looking does not cover the fact that you have to DISCLOSE that they did not happen.
Faison, I'm talking about SEC rules here. Not what is logical or prudent for a company. SEC rules don't always make good sense for the company. They have to admit things are not going as planned, and they don't like that. DELL did not report a drop in business, and then came out with bad earnings based on that undisclsoed drop, and they are settling a class action lawsuit THIS WEEK because they did not come out and state that things had a gloomy look to them at an ealier stage than at earnigns time. MANY companies get sued for that, and fined by the SEC for that. Because it is REQUIRED to give those tough statments. To let the investors know that something you SAID was going to happen is NOT going to happen.
Does that answer your question? He should have done it. Period. He did not and, more than that, he IGNORED when people ASKED him if it happend. He didn't put out a relase saying he put in an "offer'. He said he HAD AN AGREEMENT to PURCHASE the gold bar. When that did not happen, I think he had a FIDUCIARY RESPONSIBILITY PER THE SEC to DISCLOSE that.
Even if you feel that he should HIDE it, so no "bad news' comes out on the company, that doesn't change SEC rules. Sorry dude, but that's how the world WORKS when you are a PUBLIC company. You have to DISCLOSE things like that.
I wish that DPBE would go to the MOON in price, for ALL of you shareholders, and possibly me if I own it at that time. But it won't until Wilf starts treating it like a PUBLIC company, IMHO. That's why I PLAYED It when he came out with the ORRV news, and have PLAYED some of the PRs, but not owned it long term. And my pasting an answer is NOT "me" being the bad guy, because they answer shows the CEO not being totally honest. The bad guy is the guy who doesn't follow SEC rules of disclosure, and I feel WIlf probably didn't follow those rules concerning the gold bar purchase. My opinion. (And if I said otherwise, WIlf would threaten to sue me. It's not worth it for someone who doesn't own any shares of the company ... right now)
Anyway - someone asked a question on this board, and Wilf answered it on another board. I posted the anwser here and commented on it. Even as a non shareholder, I'm ALLOWED to do that.
Gaspump,
You asked if they bought the gold bar or not.
Of course not! Just another statement put out as a PR and made big and important, and then not done and yet the reversal of the PR is hidden elsewhere.
Here is Wilf saying it did not happen - on the DPBE "forum" as the second part of a post for a DIFFERENT question asked. (A lot different than the hype that came when it was released as a PR saying it WOULD happen)
"One other thing that someone asked Randy. With regards to the Gold bar that we put the offer on, we did nt (sic) purchase it for two reasons, (Sic) 1) the price of gold went much higher and that put it out of reach. 2) we decided to purchase scrap gold and silver with the money instead. Now at this point in time we have found that market is diminising (Sic) for two possible reasons. 1)as the rice (Sic) of gold gets higher less people sell their gold and seem to be waiting for much higher prices. 2) every corner store is now buying gold so the competition is much greater than it was last year when we started. We have slowed way down on the gold buying. We managed to make a good profit for about eight months, then it became a dimisiong (Sic!) return that made it unwise to continue."
So the gold bar was NOT bought, AND the gold buying seems like it may have ended TOO!
A follow up on that topic was also posted.
"We looked at buying one last year, (Sic) the cost was just to (sic) high. So we did not do it.
Wilf "
Hope that answers your question.
Is anyone concerned that the company went from 415MM shares outstanding to 471MM shares outstanding to now showing 518MM shares outstanding in about ... two months?
That is close to a 25% dilution just in the past 60 days. Regardless of what they find, all people that owned what was 100% of the company 60 days ago now own only 80% of that, and they have been diluted down terribly.
And WHY are they selling so many shares at THIS price? No one is mentioning the NEW dilution going on RIGHT NOW!
No one concerned??
<<hopefully you guys will give us a 'peek' at that list after you've looked at it.
Would love to get an idea of what kind of items you might be bringing back>>
Or even a list of the 2008 artifcts that were our part of the division!
Kind of odd that the 2009 is done and yet I have no remembrance of a list of 2008 even happening! That division must have been done a year ago!
Randy - you posted a reply to me that is illogical and proves the OPPOSITE of what you tried to say! How can you "already have the shares in certificate form" if the gold buying is still going on each weekend? It shows that the purchases were made for a WHILE, just like I SAID, and then STOPPED ... just like I said. But here's where it gets slimy. Wilf made a big PUBLIC point about the shares being bought EVERY week that gold buying occurred. IN fact, he said he would post the purchases weekly on the blog. (That happened for three weeks.) His statement gave me, an INVESTOR, information that said the company would be in the open market, buying shares, almost every week on an ongoing basis. That public information helped push me off the fence to BUY SHARES. Knowing that the stock would be supported by an ongoing constant buying from the CEO for the employees was something that gave me a good reason to buy this company. Follow me so far? I bought shares partly based on a public post by the CEO that was stated to be ongoing. Whether I should or not is irrelevent. This is a public company, and the CEO made a public announcement saying something would happen. I trusted that information, and bought shares partly based ON that information. After all, the price of a stock is mostly supply and demand. WIth an increased demand in shares every week or so, it would give an advantage to the stock going UP as opposed to down. See how that is a public announcment that could influence investors?
The promise of an ongoing purchase for employees from each week's gold buying was NOT kept though. It happened for a short while, and then stopped. When asked about it, Wilf replied to other parts of my emails and posts, but ignored that part. Why? BECAUSE HE WAS NO LONGER DOING WHAT HE PROMISED, AND DIDN'T WANT TO FESS UP TO IT. Randy, THAT is the shameful part. He publiclly announced he was going ot do something, and then would NOT state that it was no longer happening. And that lack of buying pressure was a material change in market conditions, and he made investors (including me) believe something was happening WEEKLY that was NOT happening weekly. That is shameful! Still!
This is a public company. For the CEO to say something that would materially influence investors, then not do it and not reply to questions as to wehter he was doing it, and for you as (Whatever your position is) to attack the investor for saying the CEO was wrong, is also terrible! If the SEC got ahold of these posts, I think you would have some explaining to do! And no, I'm not going to send them in. I don't want to have the company bite the dust. All I've ever wanted was HONESTY. WHen it ws stated that the guest divers would pay enough to fund the operations fully, I asked how it ws going and was ignored. When we were told the artifacts would come home in 2008, and they didn't, so I asked when they would come home, I wsa told no one would say until they arrived safely home. But they were already said to be coming in 2008! Revenue from their sales was stated to happen in 2009. Now we are in 2010, and they are not home yet, and another statement that influenced investors to buy (A revenue stream) was reneged upon. And when I complain that truth shows yet another broken promise, I don't think you should attack me back while PROVING that I was RIGHT with my complaint in the first place!
And that is why I sold my shares. Broken promises and blind employees who won't admit wrongs or errors. That could get a company shut down for misleading investors. I WAS MISLED! I don't want to be holding the bag if that day ever comes. And I'd feel SORRY for those that were holding stock. (I'm not one of those that laughs when bulls lose money. I think it is terrible when it happens!)
The company lied. YOu confirmed that the lie has occurred by saying the certificate for those shares is already issued and giuven out. If purchases were ongoing weekly, new totals would continue to arise. I'm surprised you are not a little more upset about it though. After all, the people not getting shares on an ONGOING basis, nor having the price of their existing shares go up because of more purchases in the market, consist of the employees. IN simple words - YOU.
So shame on you too, for your attitude of bashing investors who state they don't like to be lied to. Shame on you for defending a lie, proving it IS a lie, and then trying to say it is the truth.
Randy. Answer this. Ignore all the rest if you want, but answer this. Point blank. "Is 1/3 of the money (Profit) from the gold buying being used on a weekly basis to buy shares of stock for the employees?" That is what the announcement was. Is that happening? Yes or no. Has there been a purchase this week? last week? This month? For 1/3 of the gold profits. Answer that, and then let's talk rationally, you and me.
Crew,
It took a while for you to get to the same place I was at, but you ended up with the same answer.
$150 to etrade and they will unrestrict your shares.
And that is $150 per account, so if you own it in numerous accounts, like I do, then it is $150 for EACH account.
sucks, but that's how it is.
Yes, maybe WIlf could pay $150 for the bulk certificate, and only once would anyone have to pay $150. Then ALL the shares there would be unrestricted, and that would be great.
Wilf, stepping up to the plate here would be nice ...
Etrade has looked into it for me too. After much time, they came back and said it can happen, but it will cost $150 per account to do it. Period. Even with the letter. It is their internal cost.
So I left the shares in the accounts as is. NOt worth paying $150 for a $95 stock.
I ask one more time.
What happened to PSC? They were going to come on board late that week, then it was delayed until "over the weekend". Then by Wednesday of the next week. It is now weeks later, and still no word.
Did they drop it?
I can't see how they could say they would be on board in a few days and then have nothing happen.
What's up with that? ANyone with KNOWLEDGE from PSC have an answer?
This is extremely disappointing to me!
<<As far as the gold that we have purchased in the past, we refined most of it and sold it on the open market. We used the money to fund Deep Blue Marine instead of selling stock and diminishing its value. We do have some gold and silver that we have kept for investment purposes and for display>>
What happened to the promise from WIlf that 1/3 of the gold buys would be used for buying shares in the open market for the employees (A well deserved bonus AND a way to drop our float a little), 1/3 would be put away as gold to back the stock with gold in the vault (WHich would help the balance sheet, which needs it dearly), and 1/3 would be used for operations? The announcement that this would be how the gold buying would work was a positive one that helped make me buy my most recent shares of the company.
Any company buying shares off the market and putting gold into the vault is a good one to own in my opinion. And I bought based on WILF'S WORDS in that announcement.
NOw it sounds like it is just another promise broken. Yeah, yeah, I know I"ll hear the "reasons" why it didn't happen. But that doesn't justify the fact that he SAID it would happen, he did NOT do it, and he has NOT answered my questions when I have ASKED him about the buy back and the gold in the vaults! If it can't happen, don't SAY it.
TOO many promises broken.
Which is why right now I own ZERO shares. I sold those shares at a LOSS. Wilf I bought based on an announcement you made that was in essense a LIE. And I lost money because you said you would do something, you have never said that you are NOT doing it, and so people think (thought) it IS (was) happening. I"m glad Allan finally said it is NOT happening. But when you make a grand announcement and brag about how you are going to back the stock with gold in the vault, and then you don't do it with 1/3 of the gold refined and ignore the questions of those that ask if it is being DONE, that is ... shameful at best - and fraud at worst.
Shame on you Wilf. I'm very disppointed in you again. And I"m sure morale from the employees who were promised this stock can't be great either. Shame on you for saying this thing would happen, taking my money because I believed you, ignoring my posts on THIS board asking about the purchases and bars being put in the vault, and not doing it. I think this is why the stock is at less than a penny, even AFTER the 1 for 5 reverse split.
Shame on you!
I'm gone for good this time. I can't invest where i don't trust.
JKL,
You seem to have much information. And can state who is who and what the facts are. I apprecaite that.
I read the other posts, and they frighten me. But seeing you show the real age of the dive master, and talk about the people on a personal level (SHowing you know what you are talking about) is calming.
Thank you, and please continue to post!!
mo858 - me too!
So much for PSC coming on board last week ... or last weekend ... or this week.
Was it a hype (pump) and dump, and the dump is what put us at the new 52 week low? Or did it fall apart on its own? Or is it still in the works, but delayed?
I guess when "news" is a repeat of fact that has been true since the beginning of time (The DR will not allow Spain to take anything found in their waters) the company doesn't have much to say.
Sad to see new lows. Down 95% in the past 6 months? 44 to 2 cents? And now they can't even get a penny chasing comapny to recomend them? Sad ...
Yeah, an extra half mil of shares would have been helpful. After all - a $93 trade this morning (3,120 shares) dropped the stock by 23%. That says it is a "little" thin. LOL. Hopefully OTh ways though.
They need ot fix the problem of not being able to be purchased through many comapnies. I could not buy through Etrade, or i would have. I bought some through a Schwab account, but the other accounts (Plural) own nothing. Maybe they should not, since it is risky, but I wante dot buy some for the short term. Couldn't. That is bad for the company. Anyone know if they are working on that issue?
First PSC said over the weekend (last). Then by midweek. Then later this week or this weekend. Now this weekend or next week.
Even the promotions seem to get delayed and changed at this company. Not a good sign.
Okay, I'm patient. I'll look for it next week. Hopefully not two weeks from now though.
So ... whatever happened to the write up from PSC?
I thought they were expecting to be on board mid-week this week? And then relesae a nice PR (pump if you will) of the stock?
that would help us a lot. But I haven't seen anything about them going through with it.
ANyone have an update on that?
Pistol Pete -
Actual releases, with actual statments. Wow. Good post.
THESE are the things that worry me about DPBE. that Wilf has said these things and then they never happen. And these are only a few.
The one about the major division happening in the fall of 2008 is something I asked about recently (Asking if it would happen in the fall of 2009!) I was told that it was a secret, and given a good excuse that it was for safety reasons. Which makes sense. But also is the opposite of the announcement saying a major load was coming back in fall of 2008! That load was one of the reasons I bought this stock. Because that load would give us INCOME to continue to dive without further dilution. When a major announcement is made like that, which affects the income and therefore the income statement (Plus balance sheet) of the company, it should be the truth. NOt just stated and forgotten - and then ignored when asked about. As it is, that statment never happened AND the stock went from 100MM shares AFTER the reverse split to back to almost 500MM shares outstanding again today.
And that is SAD.
Good post. It shows what is happening here, and WHY the stock is sub penny AFTER the split!
I agree that it is a play in the short term. And I bought in on Friday just for that reason.
Don't know how long I'll ride it, but expect it to be short (Whatever that means). Some PSC picks go up for a few months. Others much less time. But I think the news will move it up some, and that is what I am looking for. So I think (a word that means OPINION) that it is a buy now, and hopefully a gain in a very short period of time.
I might be a buyer again Monday morning, depending on how it opens.
Long term I don't like the negativre things i hear about management. Just like on DPBE, it worries me.
Don't ya just hate the fact though that these companies are not "really" saying this is a good company to own. Instead, they are PAID to say it. It's an advertisement more than an endorsement. A paid advertisement at that.
Granted, I'm still happy to SEE it, and it is the standard in the industry to be a paid advertisement, so this is not abnormal. But wouldn't it be nice if someone out there was telling others to buy stocks becaue they truly researched the industry and found a gem they thought was going up, instead of because they were PAID to say their CLIENT company was going up and a good buy?
Just saying ...
If PSC touts it and it runs some, that will make it a good trade. And the company is nearing the end of the season (even though there is no real end in the DR) and hopefully some announcements will come out. All in all, I"m still hopeful for a nice run. I don't need 25 cents. I'm up as of right now, and will wait for some news to break and then take some profit. Not looking to be greedy. Nor need a new 52 week high. LOL. But any profit is a good profit.
I'd like to see it tradeable though for others to buy easier. That would help it in many ways. I wonder why I can buy DPBE (At 0.0025 cents) on Etrade, but not this one at 0.04 cents. It's over 15 times the price of DPBE, and yet this one was blocked and that one was able to be bought.
Etrade wouldn't let me do the trade either. NO opening transactions. So I did it at Schwab with an account I have over there.
But it sure will dampen the rise if people can't buy it. Buying pressure makes a stock go up. period. Hopefully something will happen to get it back to tradeable again.
Open at 6 cents and go to a dime? Open at 8 cents? Wow, such thoughts.
How about open and go to THREE cents? Not what was expected, was it?
But since the explosion did not happen, does that mean it will, on Monday, as also stated, or do you think it will setle down now and wait until the next news comes out?
I think PSC has not released their thoughts yet to their database, and when they do it will push again. IMHO. Which is why I was a buyer after we hit the low of $0.03 this morning. (Didn't get any of those that traded AT $0.03 though. Bummer) Short term, but a buyer. Took my money from DPBE and moved it over here.
Hey CaptEd, good to see you. Any better management here over Wilf?
Trueblue. What is their symbol??
Wagonbox (Billy),
You mention your well deserved shares of stock (And I agree). Which leads me to another question about stock for the employees. And a RECENT claim by Wilf that I hope he is not breaking this time.
A few months back, maybe 6 or 8, WIlf said that every week the gold buying would be split 1/3, 1/3 and 1/3,. The first 1/3 would go to operating expenses. the second 1/3 would go towards buying gold for the safe. The last 1/3 would go towards an employee stock purchase. Each and every week. And that he would post the amounts bought each week on the board.
I mentioned to him then (I'd pull up the conversation, but that board is gone - as many boards seem to do for DPBE) that saying he would post weekly the employee purchase was not required nor expected. He bragged that although it was not required he WANTED to post it EVERY week, and WOULD post it EVERY week. And that the employees DESERVED that stock (And again I agree).
Well, as almost all of WIlf's words do ... these faded into the sunset. He posted the empoyee purchase amount for 3 weeks if I remember right. Then nothing. Just another broken promise. I asked about 6 weeks later what was happening with the purchases, and he posted that the 1/3 that was promised for the employee stock buying was spent that week on fixing the boat instead. Worthy? yes. What he said would happen? No. BUT! Since then? NOt a single post about employee stock purchases. I know gold buying has continued to happen, even though sporadically. They bought some in Pheonix and I went and met with one of the guys. SO it HAS been happening. But is the PURCHASE happening?
Is WIlf honoring his word to YOU, and the other employees, to put 1/3 of the profit from the gold buying each and every week into a stock purchase program for you for your retirement? Since he clammed up on that (Even after saying boldly that he would post it weekly even though not required) I"m curious if it is actually happening. Are you getting what was promised, or has it gone into operations and you guys were abandoned on another promise and good intention that is now not coming to fruition?
Do you even know?
Thanks BIlly. I"m rooting for you. I hate the (ongoing) lies from Wilf, but rooting for you anyway. And hope that you find some good treasure before the SEC comes in and shuts the company down for ongoing and consistent broken promises made by the CEO in a public forum. (My biggest fear as a shareholder. That DPBE will be shut down for deceptive releases and promises and one day it just ceases to exist as a stock.)