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nycrew,
I want to thank you for the radio link. I listened. I wonder if we listened to the same radio show? I didn't hear anything concrete coming out of the President of ORRV's mouth. After reading the posts on here from the guy that did the DD on ORRV about the company having no money, the divers not being paid in over a year. Compressors being confiscated for non payment, houses being taken back for non payment of rent, etc... I find it hard to believe in a Company that has not worked in over a year , but has taken money from investors to Salvage shipwrecks that are treasure laden .
What about this PR that was written over a year ago? It claims they found a $400,000,000 Treasure wreck. Why haven't they salvaged the wreck? I personally find it very difficult to believe anything that ORRV has said.
February 13, 2009 - 9:00 AM EST
Triton Project Could Yield Up to $400 Million
Oceanic Research & Recovery Releases Potential Recovery Numbers
LINDON, UT -- (Marketwire) -- 02/13/09 -- Oceanic Research and Recovery, Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced its newly unveiled project, code-named "Triton," could yield cargo with a fair market value of up to $400 million.
"Based on historical data and market research, ORRV has reason to believe the combined fair-market value of the cargo carried by these ships is estimated at $300 million to $400 million. This valuation is based on a number of factors including: total recovery of 80 %, 15 % loss due to salt water corrosion and wholesale numismatic values," according to Scott Heimdal, President of RS Operations.
The Triton Project encompasses three different Colonial-era shipwrecks, each carrying large shipments of ore species; one of which was partially salvaged shortly after sinking.
As previously stated, Project Triton falls within the company's current operational capabilities. No significant capital expenditures for a salvage ship, survey instrumentation or recovery equipment will be required to move this project forward.
RS Operations (RSOPS) and ORRV announced earlier this week that a merger between the two companies had been completed. The two marine salvage companies merged their assets and management teams. The company intends to continue shallow-water activities while preparations are made to begin targeting deep-water shipwrecks.
For more information on RS Operations and ORRV please go to www.rsoperations.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For additional information or to facilitate interviews, please contact:
Terry L. Towery
RSOPS Communications Director
(309) 696-4249
Email Contact
Source: Marketwire (February 13, 2009 - 9:00 AM EST)
News by QuoteMedia
ATTCHEEW, You appear to be an astute investor. I like your way of thinking. I've followed this stock from the beginning. Even though I've never posted on here.
I remember reading about the $300,000,000 wreck that one of the employees said they found a year or so ago. Is that where the Emeralds were recovered? What I can't understand is why all the divers and Operations Directors have quit? I tried to find all current employees on the companies website. It appears that there are no divers, Operations Directors or Boat Captains listed on the website as being employeed by ORRV. Do you think it's possible that all of the divers and crew salvaged all those emeralds and other treasure and kept it for themselves and left ORRV ?
In any book or class that you take on investing. It says that 95% of Penny Stocks are run by shysters and never to invest in them. I guess the old saying of buyer beware is around because of treasure hunting companies like ORRV. I wonder if that is why all of these pinksheet companies always use a " Safe Harbor " statement after all of their Press Releases?
CAPT., The company is buying back stock. It has already bought back several million shares of ex-employees stock. I will give Wilf credit for that.
However, I am very dismayed to learn that the Deep Scan still does not have all the plywood on the front of the boat and that Joe the $6,000 a month free loading boat captain is taking a 3 week paid hunting trip. Why the company is still employing this guy is a mystery to me. I would like to know exactly what he is getting paid to do ????? It certainly hasn't been worth DPBM's money to pay him to sit on his $ss to work on the Deep Scan.
If you want pictures I will try and post them later today.
The pilot episodes for the show will be shot in Key West, FL, with shooting starting today, Tuesday, October 9th, 2007. The production company anticipates shooting enough raw footage in a three day period to produce the pilot. Company divers have several active sites in mind for the filming and the production company has begun shooting today. Footage will be shot on land, on the boats and underwater.
Wilf Blum, President and CEO of Deep Blue Marine, had this to say, "This project has been in negotiations for some time and happens to have fallen in line with our most recent discovery in the Atlantic, so as far as timing goes, this is perfect."
HUmm...I knew the boats were out over night for a reason....perhaps they did find the coins here????
Hey I just herd rumors that one of the dive companys was finding coins out there in deep water The divers in key west think any thing over 60 feet of water is deep..and I went by there office and there boats were not there I don't know were there at..Why does'ent some one call wilf tomorrow and find out
I don't know that's the mystery???...Unless Jim cross and his crew are here helping out
It's on shrimp road on stock island in the same building as R.P.M
That the Treasure boats are out finding lot's of coins in deep water...I thought R.P.M was the one's finding it..then I went by the deep blue office and all but... one of there boats were out then I put 2 and 2 together with wilfs pr...and it has to be deep blue.. I did'ent think they had any deep divers that's why I thought it was R.P.M..It's funny how there boats are out over night though..Wilf must of got some deep divers
Billy's boat has been out so has the other 2 they have... Other then the deep scan ...and divers are talking about it down here...Just telling you guys what I'm hearing
yep It's the way it looks to me...safety first...that's why the boats are staying out over night
Hummm so everyone thinks there finding stuff in the D.R....WRONG.... wrong country....There boats have been out all week and weekend in key west .I know I live here..This is were I think all the coins are coming from..A real treasure wreck in the keys not a war wreck in the D.R that does'ent have much on it...Come on.. Think here ..Where have they been looking for the past year and a half ?????..If wilf told you were it was.. Every one and there mother would be out there trying to get some...And where did wilf fly this weekend to the D.R no....To key west.... why is that??? Hummmm something big is going on down here...There Boats NEVER EVER stay out over night in key west un till this past week..Wilf Blum, President and CEO, said, “We are excited to bring this amazing history and discovery to the surface. The artifacts are in astounding condition due to the temperature and conditions of the water they have rested in for over 200 years. WHY is that... because it's in deep water about 200 feet
DPBM's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, DPBM is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement. '' SCOTT TRADE''
I saw that some one wrote kenny rose pulled the permit from deep blue marine..
Hey I thought there permit got pulled in key west..So how could they be out there even looking to day??????? Did any one think of that????
WOW... billy I hope that's true. On my way home from work today around 5, I saw a bad car wreck it was a light blue Mercedes and I thought is was your car and I was hopeing that you or robbin was'ent hurt it looked real bad..Glad to here your ok...If this is you posting..And if it is... answer this what did I bring over to your boat a few months back that me you and robbin were haveing a blast with...
Wow did I just read that right????
No sonofasailor it will be me not ed ...Sorry just got a phone call and was asked to remove my post..keep pushing it and I'll let the cat out of the bag
I do and I think he my be right!!!!!!!
Do you think anything fishey is going on .With wilf and alexander lindale like what people are saying? I don't know.. I defend wilf all the time, I think that he is trying his hardest..If he is selling deep blue to alexander lindale at below market prices and diluting the stock. Don't you think that it might be wrong, or am I missing something
I have a question what happens if in the future deep blue folds and everybody loses. Will it be blamed on ed or will it be blamed on wilf?
I'm not saying wilf is doing anything wrong,why can't I access the press releases on pink sheets?Somthing Fishy might be going on here
No I would like that too
Hey you got two things wrong on one of your last posts..I think wilf only paid 5000 for the miss delany and Billy would never ever ever let some one lease purchase his boat.wilf just rents it from him.If billy heard that one he'd think you were nuts thinking he'd give up his boat it his bread and butter
You sold me I'll be your first invester...I BELIVE HALLELUJAH
I feel the same way....Well if what gregory wrote is correct then were sunk..taken on another money dig Like Joseph smith took people in 1826
Mormons in General..And No I'm not nuts ...
If you E-mailed him I'm sure He'd give you his number
Wow and I thought I was the only one who thought like that....Good post...Let me add That they do mean well..Though
I think..that most of the people that post on here ..Work or have worked for deep blue..If not all the people that work or have worked there...And the more people that bash Wilf the more it makes him out to be like Joseph smith..They took him in to court in 1826 for taking people on money digs..sued him and won..I did'ent know that the book of mormon was based on transforming the expectations of the treasure hunters into the foundation of a church...So it's in wilf's blood He has to find somthing..Or ....Be a martyr like Joseph smith either way he wins
oh ya and madmoney you are you a mormon by any chance?
Yo he was talking to me......DAD....You should get some new glasses.....LOVE ya...Oh and if you get us a boat you can come see the cannon
No I just put in some of the nice points there is much more to this..And no I'm not disgruntled ..I'm just stating facts...and I Think wilf is one heck of a guy and think he will find somthing soon I've posted here once before and most likely won't anymore,,I see mikes points and i see ed's points I think the deep divers duped both of them...And no ed was up set with deep blue way before he quit..I think wilf is a good business man and will some way pull this whole thing off and he stood up and said..He's responsible for eveything ..I don't think we should all be on here talking..About wilf with out him right here with us ..to defend his actions..All of you need to Grow up and stop your crap
Yes mike honor they mother and they father catch my drift
Ya I use to work for deep blue I just don't post crap on the net I leave it behind closed doors .I'm not like ed I want my stock to be worth somthing some day.Not that he doesn't..
Hey mike I know a little about deep blue.I like wilf and don't think he's a crook. I do know this as fact. Last summer Ed quit and so did the company attorney steven bennet. Bennet stated we are all going to Jail for what wilf is doing,wasting investors money on the 3700 dollar a month dive house and the 3000 dollar a month office and putting his familys plane tickets on the deep blue credit card.flying them back and forth every other weeekeng from utah to keywest.When an accountant came to the utah office to do an audit wilf flew his secretary to key west and closed the office for that week. Wilf called ed and asked him to come back after a week and said he takes full responsility for everything . Ed came back.The deep water divers are feeding you and Ed a bunch of crap word down in the keys diving comunity is that there shady and will tell you what ever you want to here so they can get money out of you.Opps now every body can blame it on me I spilled the beans.I've only posted on here once before and my time is worth more to me then sitting at home and wasting my time typing on the net .When I do see somthing is wrong I will put my 2 cents in
Ok madmoney I thought it was funny how you asked gregory if he was linda's nephew...Cause I am ..and yes I am Ed's son...And you know what I Like wilf and captain Joe and The whole deep blue crew..I've Never posted Anything ever before!!!! And I disagree with my dad...Too ...It's wilf company he can run it the way he wants to..And yes I do think my dad should not post so much on the internet...But I can't tell him what to do... not that he's doing anything wrong ...it's a free country...So leave that poor guy gregory alone he's not related to us and we don't know him..And his post's are way too smart..were polish...And as far as you thinking were trying to drive the stock down to subpenny so we can buy more...Are you retarded? All our friend's and family own stock.. We just want it to Go up up up!!!They would Kill us
What is all this dramma about.....Come on let's find some gold...Madmoney Do you work for Wilf?If you Do, Wilf should take that post off his blog it's going to scare away new investers!!!!