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That's wonderful.....I feel so much better now. I thought it was just going to be another useless piece of info. with some sort of BS PR slant. What is this? Crocidile Dominican?
THANK YOU!
For attempting to answer the questions honestly. I appreciate your response. Belwo is just a small sampling of what shareholders have had to deal with over the years with Mr. Blum. Lot's of questions as you can see below.
KEY WEST, Fla.--(BUSINESS WIRE)--Sept. 11, 2006--Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that the company has signed an agreement with a California production company to provide present day footage of the Deep Scan, as well as some site footage to be shot by the production company for a family feature length movie to be titled "Pirate Camp."
Where's the beef??
Wilf Blum March 2006
"Im very pleased with everything that happened down there. The group worked together well, and the technologies we used combined to produce several strong anomalies that included gold, silver, bronze and emeralds."
What??
Wilf Blum 2006
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that the company has signed an agreement for recovery assistance to Aqua Gems of the Treasure Coast Inc. for the permitted recovery of a wreck believed to be of Spanish origin but has not been identified in the permit application. Research shows that a ship of known origin sunk in the permit area and was carrying a cargo of 16 chests of silver and four chests of gold when she went down. The manifest value in today's values puts the wreck at more than $500 million. The wreck is believed to carry contraband that may also be worth millions.
July 2006
Wilf Blum, President of Deep Blue Marine Inc. is quoted as saying, "The income derived from this service we are providing should more than offset the cost of operations in the areas we are currently diving in the treasure recovery contracts we have." He further stated, "We were in contact last week with the individual we are currently working with on permits for North Carolina and we have been informed that the process is going forward at a good pace and we should have a dredge and fill permit within the next few weeks. So on those two fronts things are moving along very well."
How many times have we heard that??
January 2007
At this time we can’t say too much, but the future looks pretty exciting and the crew is ready to dive.
Bringing up what?
October 2007
Deep Blue Marine Inc. Keeps Bringing It up at Terry's Site
C'mon seriously?
Wilf Blum
October 2007
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that management has entered into negotiations with a Las Vegas television production company for a television series based on the work of the company’s recovery of, and the crew's search for, missing treasure.
Who won the Shelby??
February 2008
The game can be played by shareholders and non-shareholders alike and has several incredible prizes to be given away. 1st place is a 1965 Shelly Cobra GSX4000 roadster, 2nd prize is a restored Civil War Cannon and 3rd prize is an authentic French made sword from the time of the War of Independence (1770-1785).
Players are competing for the grand prize of a 1965 Shelby Cobra GSX 4000 roadster with a value of over $100,000.
Where's the guns, jewerly and swords????
Terry's Site
Deep Blue has recovered several hundred artifacts from this site, including but not limited to, coins, jewelry, guns, swords, rigging and personal items owned by sailors and officers.
Bringing home the major load????
February 2008
President and CEO Wilf Blum had this to say, "This first division is small due to only one factor, space available for this type of artifact on a commercial airline. We only brought back artifacts that could be carried on a commercial flight, and also many artifacts are still being cleaned and prepared for shipment. We anticipate bringing home a major load this fall when the dive season ends. The site is certainly capable of producing them, and our recovery team has proven in the past that they can bring up the goods. When the Capt N Tracy returns in the fall she should be loaded. This first division is small, but very valuable; it includes coins, rigging, glass and artifacts from the 1700s. We have not placed a value on this division at this time."
Where are the several hundred coins??
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that the company is preparing to depart from Key West on Friday, February 1st 2008. This is the site that produced several hundred coins and hundreds of artifacts.
A two year old post still applies today
Never did get those questions answered honestly. Now I can't get this one and many others.
1)Where's the letter Blum promised (won't return phone calls)so we can sell our worthless ORRV stock?
Dec 13, 2007
"Integrity
That's what it comes down to for me. I invested knowing there was a good chance I would lose my money. No problem. However, I only invested because the company bragged about the small float and all the salvage jobs that were lined up. Then I was angered more when I kept getting strung along with "we are getting ready to pull up the motherlode" and "football sized ballast fields" knowing that these were false. This tells me Wilf thinks we are idiots.
Capt Billy seems to just want the tools to do his job and I believe in his abilities but I did not invest in just Billy I invested in DPBM and that is the problem, lots of lies and unethical practices.
Billy any chance you have any details on these questions I have been unable to get answered?
1) What happened to the $2 million in salvage jobs that were lined up?
2) Was there a football field ballast pile or not?
3) What happened to Brolin and Pirate Camp?
Thank you,
Good luck and I wish you well.
Only 95%
lucky bum
Wow yet another AS increase...
Even you Colorado have to be dissappointed. Here is your quoate from April.
"There seems to me that there is a decreasing chance of the AS being increased since based on the preliminary numbers they can get through to positive cash flow by the end of the second quarter. (June/July I assume is CPRK end of second quarter)"
Colorado1 all my concerns are still valid.
AS increases again and again and again
ZERO TRANSPARENCY
No LTF
Good Video
I thought it was this one from 3 years ago....very eerie how similiar they are...I hope this one turns out better for you.
Wow! I forgot all about that one. A bold face LIE. There were so many your head starts to spin.
I always liked this one because I think it sums it up.
Wilf Blum: "We've been able to identify more wrecks than.. if I told you the number you'd think I was an idiot. So let's just say we found a lot."
or maybe it was the reality series or the only pink backed by silver and gold or the classic "we are getting ready to pull up the motherlode"
And company employees don't understand while the shareholders anger....hmmmmm
The farther Wilf Bum gets away from CPRK the better...
Very Interesting Post by AllyAustin
What seems odd about the pr and the "loan" he says he is giving DPBE, is that I found a financial statement for DPBE as of June 30, 2009. It shows the company lent Alexander Lindale (whose principle owner is WB) $1.726MM, plus loans to Jed Larsen and Glen Hoover. Lisa Larsen is Wilf's secretary so perhaps that's a link as well. I don't see any reconcilliation in which any of those loans were actually paid off.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=25555
The Bum is Broke
Deep Blue Marine, Inc. (PINKSHEETS: DPBE) President and CEO Wilf Blum announced today that he is preparing to purchase shares in the open market for his corporate account and has committed personal funds to the continued operations of Deep Blue Marine, Inc.
Mr. Blum is quoted as saying, "The future of Deep Blue is very positive as the company moves forward with plans for 2010. I have made the decision to invest more of my personal funds into the company. As of today I have purchased 88,000,000 shares of the company out of the public markets and hope to be able to increase that position in the near future. I have also lent the company over $1,900,000 operationally; to date that is secured by a convertible note.
Whenever a PR says "clarify a relationship" somebody mucked up. Please dont' tell me Wilf Bum has reared his ugly head???
Colorado, I was hoping the bounce you enjoyed would stick. I don't like the smell of hiring a spokesman again when they should be giving 100% attention to mining and all of their finacial woes.
Wilf has been making false promises for years. Motherlodes, TV shows, ballast piles, planted coins, diving tours, road shows, stock backed by gold and silver, and on and on and on. He's moved on to other scams, Media Dynamics, Alaxander Lindale, CPRK, treasure diving for gold in Utah paying old ladies pennies on the dollar for their gold fillings.
Don't you find it interesting that no one responds to your questions about ORRV stock???????? There are several people from the company that read these posts. HMMMMMMMM
You've been Punk'd
Hi Colorado,
Congratulations! It seems to be a major milestone. The PR is somewhat vague as one would have liked to have gotten some actual figures for the concentrate like they provided for the magnetite and "expects to initially ship" makes me a little nervous considering the company's track record. I believe my apprehension is warranted and may be reflected in the stock price we shall see. I hope this rise is just not a blip on the screen.
It would be outright dumb for me not to be very concerned with trustee sales, 4.6 BILLION shares, zero financial transparency , and no LTF. Get the LTF and I will have a change of heart.
I know people are heavily invested in this financially as well as emotionally and hope they succeed. I learned a long time ago to never bet with your emotions as my arse still hurts from Blum ramming me good.
Dent1
First let me say I wish everybody well. I do not own any shares of CPRK. I do believe this company has an outside shot of making it and that is as good as it gets whith pinks unless you have some incredible inside info. You are guaranteed to get a buzz albeit it can be a nasty one.
After getting burned by Wilf Blum and DPBM I followed him to CPRK and did some serious DD. It is a pattern that has happened many times always ending in the same result. I posted here only trying to give fair warning of the dangers that laid ahead. It has played out so far exactly how the script was written. False PR's (timelines, production dates, websites, etc.) resulting in pump and dump tactics. However,
it seems Wilf is no longer around (I can't smell his stench)and he has moved on to screw others currently treasure diving in Utah buying silver and gold from people that can't pay their bills.
The lies by CPRK have seemed to slow down but I still have problems with the whole WUCC/CPRK relationship. I would take a close look at that as their are rumors CPRK will go bankrupt and somehow WUCC will go private and screw the shareholders. Me aint smart enough to figure all of that out.
Good luck
Checking in on my long, long, long, long, long, term investment/donation
Good day,
I see Deep Blue is still floating albeit not right side up. The good news is I haven't missed the dollar party everyone was planning. Is Rusty's mate still around, Deep Sea or any other veterans? I see we now treasure dive for gold and silver in Utah buying from poor scmucks that can't pay their bills.
I replied with this post to some of my favorite Wilf Blum posts made back in 2007...those were the days. Enjoy the fiction reading.
Mop Bucket
Now that was a comedic gem...Dotson with his gut hanging over the bucket saying boys we finally made it!
The Ole Head Fake
Ouch. Yet another share increase. I always re-read posts to get a comprehensive and historical view on things. Very entertaining, talk of no more share increases many many times, talk of production starting in 07, talk of long term financing any day now - a year ago. Talk of share price above $1, now the same folks will be giddy to get to .03. Talk of when the new website will be up...professionals have been hired and will be up and running shortly. Then we have CM that everybody is best friends with that will be releasing all these great PR's tomorrow....that's the same answer I get when I ask my son when he is going to do his homework.
Call me a basher if you will but I call myself a realist. This stock is performing the way ALL of the stocks Wilf Blum has ever touched.
Great Post and magnifies the importance of company communication. Would it not be in the company's best interest to put some rumors to rest? To insure their shareholders they are on the right path albeit a very dusty and crooked path? I have sent emails weeks ago and still have no response. If it is such privy info. I seek, a cookie cutter response would be sufficient.
I know all the pumpers will disagree as they did with my post months ago about more dilution coming, no revenues to speak of, falling share price (the stock was .03-.05 then)but there are SERIOUS issues that need to be addressed and communicated.
The IR person has proven to be worhtless, the website is a joke, conflicting information swirls, and you certainaly don't want to make investment decsions based on any message boards.
I know alot of people are under a big pile of Utah rocks on this one so they rationalize in hopes of feeling better. Colorado's input is very valuable but I am surpised he would not be more vocal about unreturned phone calls, emails, etc.about con shipments? How about a call to this Walt guy to get the real details about the concentrate? With all this love the company supposedely has with it's shareholders come visit us anytime why can't they answer a frickin email?
No I'm not a shorter, nor am I a basher just a poor schmuck that got burned by Wilf Blum and his name was all over this in the beginning. Wishing you all the best.
Not sure of the credibilty of this poster(stockholder) from the Milford Forum in April 09 but it is interesting to say the least. Notice Pure Nickel is mentioned.
April 10,2009
1 most of the land is leased land. Only a very small plot is western Utah Copper's Land. That way when someone tries to take the land in the end it does not belong to Western Utah Copper, although all the leases are in the name of Western Utah copper.
2 Copper King is there in Name and Stock Symbol Only. Western Utah Copper is the managment company for Copper King. Therefore the stock is sold in the name of CPRK. Western Utah Copper uses the Stock Monet to benifit Western Utah Copper. Remember Copper King owns 100% of Western Utah Copper but Western Utah Copper Owns 100% of the Assets.'Very confusing until you see the complete Picture.'
3 There is a court order standing that Western Utah Copper was forclosed on prior to the merger. This forclosure order can be executed at any time and now Western Utah looses everything it has to the court order, Leaving nothing that Copper King can use as backup.
4 When the true news comes out the stockholders drive the PPS to 0.0000 making Copper King Stock worthless. With Western Utah copper having its Assets taken by the Forclosure court order Copper King is Dead.
5 Western Utah Copper changed its name and this game starts all over again. This has happened before and Western Utah Copper has changed it name before.
6 Remember Copper King was just a Radio Station which changed its name to set-up this Scam. The master minds planned this out from the beginning using a plan that they had used before. This is not the only company they are doing this to.
7 The A/S of Stock has now went to 3B You can look for this to raise to at least 3.5B soon. Then it this has not been shut down they will do a R/S of the stock driving the price down and making many stockholders mad enough to sell at a very cheap price just to get away from this managment style. However a new group of stockholders will come in at the higher price from the R/S and loose their investment.
Dude I could go on for weeks with the data I have on this company and their operations. O' Bye the way, I forgot to tell you that the forclosure was done by a BLUM and another BLUM set-up the Merger of Copper King with Western Utah Copper then paid $150,000 by Copper King to Pump and Dump the stock. You might want to do DD on Pure Nickel which is another company that claims ownership of the Copper King Mining land
Hi Colorado,
Checking in with CPRK. Just as I feared, it looks like an increase in AS to 3,950,000,000. That is one scary number. Realistically there will not be postive cash flow until years end so I feel this number will ultimately rise again.
Increase in A/S?
Good day,
It seems they will have no other choice but to increase the A/S yet again and likely very soon. I can't find any tangible numbers on how much cash they are burning through monthly but with all those employees and even with the reduced hours etc..the latest $350,000 they raised through dilution on 4/10 is likely to be just about gone. Realistically they are still several months out before any substantial revenue is produced.
I do believe they will become a producer but no matter how giddy you are about CPRK... 3,500,000,000 is a truckload of shares(did I put enough zeros in?)
Thanks 1 more?
Is Wilf Blum 100% out of the picture? I always assumed because of his involvement CPRK would be a total fraud. I see the stock price has gotten totally hammered since my last review, however I am impressed they have gotten as far as they have but 3.5B is a very scary number no matter how you slice it. It is also disheartning that they seem to raise the AS without any communication to the common shareholders.
If they could arrange some long term financing with the county things may work out but continued dilution is a certain death.
Is AS 3,500,000?
Good day,
Saw this posted at another board and am unsure of its validity.
Can anyone confirm?
Actions\Amendments
Action Type: Amendment
Document Number: 20090334443-22 # of Pages: 1
File Date: 04/10/2009 Effective Date:
Previous Stock Value: Par Value Shares: 3,000,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 300,000.00 New Stock Value: Par Value Shares: 3,500,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 350,000.00
Action Type: Amendment
Document Number: 20090200359-60 # of Pages: 1
File Date: 03/02/2009 Effective Date:
Previous Stock Value: Par Value Shares: 25,000,000 Value: $ 0.0001 Par Value Shares: 2,500,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 252,500.00 New Stock Value: Par Value Shares: 3,000,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 300,000.00
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=E%252fmUu71R1FPEFvSfYwKQZg%253d%253d&CorpName=COPPER+KING+MINING+CORPORATION
Thank you
JR -
We were all duped but it is still our faults. Proper DD would have revealed a history of failures and crooked dealings with his Alexander Lindale operation, several companies ran into the ground just like this one and soon to be CPRK. You would have seen his bankruptcy. During the start up of this company there were warning signs all along the way with opportunities to bail. There have been so many LIES. Us like Ed took the man for his word and we have paid dearly. If you continue to dump money into this like BRL (Wilf) suggests then you are an idoit. You have to learn when to write something off and move on. I would love to see Wilf get his due justice and would love to help in any way I can. People try to rationalize on this board holding onto hope and God is on their side. Folks we have been bent over and rammed hard. Where's B?
Penny Party!
Let's get together at the CPRK mine for a penny party. Question is will the mine open first or will DPBM go above .01? There's so many zeros in front of that decimal point it has my head spinning. Poor scmucks over at CPRK falling for the same hype. Look at the PR's fly over there. Karma is gonna get you Wilf! I would never want to live that way always having to look behind my back never knowing when someone is going to cram a metal detector up my ....
Is there really an attorney investigating?
"First and foremost if a pink is gonna survive on Ihub it must meet a couple criterias.............not be a scam, and not dump a gazillon shares aggressively into the market."
Gravy your killing me with your statements. Do you know who Alexander Lindale is? Do you know your great CPRK paid $150,000 for his services? Do you know Wilf has done this multiple times before.
If your statement is correct below how come DPBM is on IHUB, they have dumped so many shares now doing a R/S. A true SCAM!
Please keep us informed.
I don't want to see WB get away with it anymore. He has hurt enogh people already.
There is rumor of WB doing illegal trading of 504D shares with CPRK.
Luck won't help
Wilf Blum plays a simple game. CPRK pays Alexander Lindale(Wilf Blum) a fee usually in shares. Wilf Blum then dumps shares for cash. Wilf Blum pockets cash. Stock tanks and belly's up. Same game different company. DTGD, NHYB, SYGG all belly up. DPBM is next. C'mon folks. Copper is up go invest in a copper company.
Please google Wilf Blum. Do your DD. Google Alexander Lindale. Learn from my mistake. Somebody is smart out there as CPRK has fallen rather quickly. Look at Wilf's other venture DPBM and see how that is doing .005 with R/S coming.
just letting off a little steam. You have to laugh it off...
Does the dollar party everybody was planning in Key West now have to be the $5 dollar party?
Thank you Capt Billy. I truly wish the best for you. I do believe the original intentions of the company were sound and real. From what I have gathered there were some great people on board including yourself. Certainly you could understand my and other shareholders frustration as I have attempted to get answers but have been unable to gather anything substantive(just the run around). I have invested (not sure if that is the right word) a significant amount with DPBM and quite frankly it is my fault for not doing my DD on Mr. Blum and all his past failures. Well failures for his shareholders yet success for himself. With economic uncertainties on the horizon I wish I had that money back so I do feel like an idiot.
It's unfortunate as I believe the stretched PR's did no good for the share price as intended but rather lost much credibility for the company. One in the know must winch when some of those PR's are released.
Be safe.
Alexander Lindale LLC
will be providing consultation of the reverse split of DPBM for a fee of $150,000 and 8 million shares of stock (currently valued at $13.47). In addition Copper King Mining will be providing scientific metals anaylsis of all treasure recovered for $100,000 and 8 million shares of stock. Wilf Blum stated we are so excited to have Alexander Lindale on board to assist us with this most exciting venture. I have known him for years and he is very honest. Wilf went on to say Copper King Mining is a world leader in metals analysis using only the latest technically advanced equipment.
Yeah but the great news is Wilf says they are honest and he has known them for years. I feel so much better now.
Billy please help me understand...
For me it's all about integrity. I knew it was a long shot at best when I jumped in. No problem. It's not the fact treasure has not been pulled up rather it's all the company BS. I truly believe if you could set us straight on some of these company statements many arses wouldn't hurt so bad. Please provide any comments/lubrication below it would be greatly appreciated.
Just the tip of iceberg..
-We are getting ready to pull up the motherlode
-A football size ballast pile has been discovered
-A tightly held stock
-Millions in side jobs are lined up
-Execuscapes booked to fund operations
-Working on negotiations for reality series
No worries be happy
We have a reality show, several ACTIVE sites, found treasure, and the world has found us. Not to mention the Escascam tours, crazy fun Shellme car treasure trivia game, cutting edge hand held detectors - (that we license by the way), and side jobs up the ying yang. I know if we could just fill up the gas tank it would be all good.
Rustysmate I saw you over on CPRK. Don't you dare pull the trigger..did you not learn?
Deep Blue Marine Inc. (DPBM) is pleased to announce that management has entered into negotiations with a Las Vegas television production company for a television series based on the work of the company’s recovery of, and the crew's search for, missing treasure.
The show is being presented as a reality-based adventure of the company and its divers. The show would be based in Florida and other active sites currently under exploration, and recovery permits owned or operated by Deep Blue Marine Inc. The show would feature guest stars and would follow the day to day work of the company and its divers.
Wilf Blum, President and CEO, had this to say, “It’s amazing to me how this works; last week we were looking for treasure, this week we have found treasure, and now the world has found us. I’m personally excited about this chance to put our company in front of the world.”
When will they actually be producing? I can't get a straight answer. Shocking.
Deja Vu
I have been following CPRK and the business model aka scam is nearly identical to DPBM. Go to the CPRK board and remember back to DPBM's infancy. Same optimism by some shareholders, same non-specific info from the company, celebrity spokesman is lined up, PR's are flying (many questioned), motherlode is getting ready to be pulled up. There is a difference on how quickly some people have soured though and the stock may have peaked already (around .35c). Some of us recommended DPBM to family/friends (good to know my friends are much brighter than me and didn't get sucked in) and feel sick about it. Make amens and shed light on Mr. Bum and insist they do their due diligence.
DPBM is just dead weight for good old Wilf. He's sucked her dry. Us shareholders have been duped. At the beginning I believed they had a shot and that's why I played. As good people left the company and the side jobs did not come to be the lies started to pile up. Constant pumping and desperate attempts (reality show, trivia game, Pirate Camp, Executivce Scapes, Metal Detector reps, side jobs, motherlodes, ballast piles, cannon tours, etc.) to gather any momentum ALL failed. We all know in our hearts that the probability of any substantial gold or silver in the DR is very minimal. If DPBM thought there was a good chance they would not be dragging their feet and their arses would be their DIVING everyday all day!!! Can we get in the fricking water?
Please pull one more sucker PR out of your arse to get this baby to rise ever so slightly so I can BAIL with only a 98.9% loss.
Remeber this one? What was so major about it?
Deep Blue Marine Inc. Makes Major Recovery
Thursday October 4, 9:39 am ET
SALT LAKE CITY, UT--(MARKET WIRE)--Oct 4, 2007 -- Deep Blue Marine Inc. (Other OTC:DPBM.PK - News) is pleased to announce that company divers have started recovery of a significant wreck in the Atlantic Ocean with recovery of several hundred coins.
President and CEO Wilf Blum had this to say: "This is a great day for our company, we have worked on this site for the better part of a year and as of yesterday it has started to pay off in a very exciting way. The size and location of the site will not be released at this time in an effort to protect divers and company assets. Investors and shareholders are asked to please not post speculative locations as a recovery of this size will attract unwanted attention. Shareholders can rest assured that this recovery is legal and permitted, all proper documentation is in place and filed, and all agreements with government agencies are in place
Either your people (hopefully not friends) or Dotson are smoking some really good herb. According to their website posted by lazyeye - they don't even have production scheduled until 2011!!! C'mon we all know this won't happen so if you play better be smart because she will end tanking. They don't have the $$$$.
GOALS FOR 2008
EXTRACTION METHOD STUDY
ENVIRONMENTAL STUDY
BEGIN PERMIT PROCESS
HYDROLOGY STUDY AND WATER WELL DUG
COMPLETION OF EXPLORATION PROGRAM
GOALS FOR 2009
MINING / CRUSHING / MILLING METHOD DESIGNED
BEGIN GROUND CLEARING (UNDERGROUND OR OPEN PIT)
UNTILITY INSTALLATION FOR VENTILATION, WATER, ELECTRICITY
BUILING OF ONSITE LABORATORY
SITE SECURITY & OFFICE BUILDINGS CONSTRUCTED
PURCHASE OF MINING & MILLING EQUIPMENT
GOALS FOR 2010
DRILLING OF MONITOR WELLS
BEGIN CONSTRUCTION OF PROCESSING PLANT
CONSTRUCTION OF LEACH PADS FOR LOW GRADE MATERIALS
GOALS FOR 2011
CONTINUED CONSTRUCTION
HIRING OF MINING EMPLOYEES
COMISSION OF PLANT
Thanks B for the post. Was there any mention during your meeting of
1) Reality Series - potential revenue
2) Executive Scapes (SP?)- potential revenue
3) Revenue from what they have already recovered
I am assuming NC and Woman Key are dead as well?
Thanks
Thanks for the info. If it has been 20 years in the working why has no minerals been pulled up? I reviewed thier site and it says they will be ready for production in June of 07. Seems like we have flown by that date. Where's the cash ($55 million)they say they need to get it off the ground coming from. I am assuming this financing fell apart?
Southworth proposes to arrange or provide three short term loans and one medium term loan to WUCC. Southworth will also provide or arrange additional project related financing on an as needed basis for Mining Operations. The “First Loan” is in the amount of $500,000.00. Funding must occur on or before
Friday, November 17, 2006. Loan proceeds will be used to meet critical and current obligations of WUCC. The “Second Loan” will be in the amount of $3,048,500 closed on or before Thursday, November 21, 2006. The Second Loan will be used to retire the First Loan and to pay additional obligations of WUCC including the ongoing construction of the Mill
House and provide some operating capital. The “Third Loan” was in the amount of $4 million consistent with a negotiated settlement with Palladon which is contractually no greater than $3 million. This loan closed consistent with the terms of the settlement on January 3, 2007. The “Fourth Loan” or “Permanent Financing” shall be arranged through an institutional lender in an approximate amount of $73,200,000. The Permanent Financing shall be used to retire the Third Loan and to finance the entire ore processing facility
including the mill, the concentration plant a NG cogeneration power plant, provide operating capital, etc. WUCC has additional capital needs including the posting of a $1.5 million reclamation bond with the State of Utah. This bond assures the State that when the project is complete that the property will be cleaned from environmental contaminants.
WUCC also desires to maintain an aggressive path towards full production of the copper ore which will require a mezzanine traunche of approximately $20,000,000.
These funds will be used to buy equipment, pay off the hard money loans, and provide some operating capital until the permanent financing has been completed.
Please learn from my screw up!
Good day,
Do your due dilligence on CPRK. Be logical, ask very specific questions to management. This is on the same track as DPBM. Do you really think they will be producing by June? Why isn't Western producing now?
It's a few boys from Utah that got together and leader Wilf said let's start a treasure hunting company. They looked at each other and said is the public dumb enough to buy stock in a treasure company located in Utah? Wilf said sure they are I have done it many times in the past and we can keep doing it in the futre. Let's get a spokesman (Brolin now gone) and some good divers (like Ed now gone) and tell everybody we are ready to bring up the motherlode (2006). Wilf would say I wish I could tell you more but I can't right now (still waiting). Promises of a movie (Pirate Camp), a reality series, football size field ballast piles, millions of dollars on contracts lined up etc. have all come up empty. The stock was $1.00 a couple of years ago and now we are at .008 (less than a fricken penny). LIES! LIES! LIES! Get out while you can you will thank me!
DPBM
Outstanding Shares
463,573,270 as of May 8, 2007
488,723,097 as of Aug 18, 2007
489,923,790 as of Sept 4, 2007
494,923,790 as of Sept 12, 2007
499,923,790 as of Sept 26, 2007
499,173,790 as of Nov 5, 2007
499,989,851 as of Feb 4, 2008
• Authorized Shares
500,000,000 as of Dec 16, 2005
• Float
150,801,187 as of May 8, 2007
225,951,707 as of Aug 18, 2007
256,151,707 as of Sept 12, 2007
261,151,707 as of Sept 26, 2007
292,401,719 as of Nov 5, 2007
296,151,719 as of nov 9, 2007
320,094,143 as of Nov 28, 2007
330,844,143 as of Dec 7, 2007
337,844,143 as of Dec 31, 2007
345,319,143 as of Feb 4, 2008