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JRF...it wouldn't surprise me. In fact you notice that I suggested in that post that I didn't believe that it could happen and if it did that I couldn't determine when Revenue from it would be if ever. True to the email I sent you...Wilf suggested on the DPBM board that a R/S would be possible but not likely for several months at least...
That means that he is considering it...
-B
Agreed...myself as well. Tiny position here compared to others. Also looking at playing the spikes...and many can verify my other positions...
-B
Derb...keep in mind the following about Mr Blum.
From January 1995 to November 1997, Mr. Blum was a real estate agent specializing in land development and commercial projects.
-B
I agree with you Swizzy....I have learned from experience that the guys stocks go up in the beginning and come down steadily in the end. I will admit this one looks better than his others...but best to be careful...keep both eyes open.
-B
From January 1995 to November 1997, Mr. Blum was a real estate agent specializing in land development and commercial projects.
Wilf Blum's first company was Commercial Concepts (CMEC) which he ran from 1997-1999...the company was a Pink and the entire float was sold off. The company never made any worthwhile revenue and Wilf was replaced as President in 1999. Shortly after I believe they went bankrupt.
In August 1999, Mr. Blum founded and became president of Bluestone, Inc., a financial public relations firm.
Shortly after that Mr. Blum became the founder/president of DPBM. The stock shot close to $1 in the first few months and for the last 2-3 years has steadily fallen to it's current price of $.008/share. The company similar to (CMEC) has little or no revenue to show for it's several years in existence....
In the last 6 months from Sept 07 to current while his (DPBM) stock has tanked...Mr Blum has been involved with IBCD which became CPRK which has now purchased UWCC...etc etc...
Not trying to be positive or negative...just the facts I've researched on Mr Blum...along with a line of many broken promises on old boards....
-B
I actually spoke with Mr Allred (President) of CPRK and Wilf Blum (promoter) at Wilf's office in January. We spoke for about three hours and Wilf showed me a lot of ore samples and a few assay reports. I will admit that things look very good here...and I do have shares of CPRK that I purchased around $.06
My only concerns are first and foremost Wilf mentioned they are looking at selling out to a large mining company for stock....my second concern is that there is currently 500,000,000 S/O even though many of them are restricted. Wilf suggested that in January when we spoke there were only about 10 Million shares in the market. Hence the large run up IMO...If he get's his way the company is going to be re-authorized for 2B shares. That's right (2B)...That being said most of them would still be restricted. It is my understanding they are doing this becuase the purchase of UWCC was primarily done in stock. CPRK really doesn't have any money that I have been able to verify...
Anyway this is specifically a speculation play for me. Wilf and Mr Allred suggested they were in the process of bringing on big International investors and hoped to get the stock between $1-$2 by end of year 2008. If the float stays low I see that as possible. I don't know that it will. If you look at Wilf's history he has been involved with two other companies. One Pink went bankrupt, DPBM has 500,000 O/S of which many are restricted, but have still been borrowed and sold to the market for funding operations. They are currently trading under $.01/share...
Not saying this isn't a good play...just trying to warn people it is extremely speculative...GLA
-B
Pistol Pete...I will try to answer your questions the best I can...
1) Reality Series still a possibility. Would fund about 200K-400K an episode with 10 episodes. Problem is the company would get nothing until all of the film was shot on location. At least 4-6 months from the time it is contracted.
2) Executive Scapes...Executives pay $1,000 for 4 days to dive our site with our crew. All findings are the companies. According to Wilf this has already filled up enough to pay for DPBM for the entire 2008 year. Not sure when payment is made or when the executive's start diving. Also have a hard time believing that they could get 80 divers per month X 4 days. I just don't see the accomodations to support that number and currently DPBM is spending about 80K/month for payroll/expenses...
3) Revenue already recovered needs to be split first of all. Secondly it needs to be cleaned for 3 months to 10 years depending on how clean/bad it is. Canon's obviously take longer than candlesticks. Once cleaned a market would need to be created. No telling on how long that would/will take. So I don't see revenue in this regard for at least 6 months.
In other words if they find valuables per my other post then all things are good. If they don't...I can't see revenue coming in for at least 6 months at a minimum...
-B
It's been a while since I posted here on the DPBM board as I have been busy as always. Still holding a large amount of DPBM stock. I bought a few thousand of Wilf's new toy CPRK but it is light in comparison to DPBM holdings which is many millions.
I sent an email to several investors here as I had a meeting with Wilf in early January. He asked me about a R/S at that time and what I thought about it. We discussed many topics in the three hours including his new venture with CPRK.
Ultimately he suggested there was enough money to fund DPBM until April. I deduced that most of the revenue that DPBM could earn from other streams won't be until after that timeframe. Wilf's opinion was that if there was Gold/Silver/Valuables on the Scipion that DPBM would find them buy March/April timeframe. If they didn't then it would be quite some time before the company truly had any other revenue streams and could face a possible R/S after that time. I suggested to other investors that personally I would hold my shares until the end of March/April to see what becomes of the Scipion and then sell into spikes...
Just my take and thought I would share my thoughts with the rest of you...
-B
LOL yeah I keep adding to that position at these prices. Very soon it will shoot up like a rocket. I'm expecting a 400-500% return on it by the end of 2008. With a potential price target over $20 in '09...GL if you're holding it. The swings have netted me over 250% just in the last 6 months....every time it goes up I sell call options and sell my swing shares...every time it goes back down I buy them back...have to love it....
-B
I suspect Wilf or an insider stopped selling...LOL
-B
With all of the selling going on this definetly has WB written all over it. His companies have a history of quick run up's followed by huge sell off's (typically his own) at the expense of shareholders. I have a very small position here at $.06 from a few weeks back becuase he suggested to me that he thought the stock would run up over $1...but it looks like someone started selling early...I can only guess who that was with this kind of volume. This will probably spike again but if we fall below my original entry of $.06 I'm out....at this rate that could be Monday early...
-B
I found the same thing wave...the wording has to be either one or two words and precisely what they are looking for or it counts you wrong...
-B
Hey JRF...
I don't think the pigs are getting slaughtered but the longs definetly are in this market. Looks like another blood letting tomorrow after INTC reported. Saw them down $3 more in AH. Well that's why they say to play long.
Yeah I've been cruising things seeing if there are any good buys I want to take advantage of. Personally we're going to wait until next week before doing anything as Financials will be reporting all week and I don't think they look good.
Guess I'll just sit back and play a game. LOL!
As to the personal venture...I will be talking with my Partner next week in detail. We are in the process of meeting with some FP's tomorrow & Thursday that are looking to invest around 50M into our fund. That's the nice thing about winning in a negative market. Everyone wants to throw you money when they're red and you're green...
-B
LOL couldn't they give us multiple choice...sheesh!
LMAO
-B
One waits until Midnight + :01....JRF...no cheating.
I want that Cobra
-B
Good Doctor...I don't have yours either. Sorry. Go to my post
#13404 and you will see mine or click on my name and you can sort through all of my posts. I think my email address is like the third one down...hope that helps...
-B
Thanks for the posts friends....Control it...glad I could be of help here with DPBM as I still believe many things could happen in 2008. I simply think we as investors need to get more involved with pushing the company and we can likely do that from a board position...
Too funny you mentioned missing LUM...I received several emails as friends were trying to time the bottom and missed it as well. It was a nice 30% run in the last two days. That and JADE are two of my favorite swing stocks and I suspect them to both be triple's by the end of 2008. I also like NTWK and SWHC as you mentioned to be double's. GL investing and I'll continue to get on the board here as time allows...
Just have so many irons in the fire at the moment that I need to triplicate myself...
-B
Actually still holding but I am up to 23 Million shares at the moment. I have been silent but still here. I continue to talk with the CEO and others privately. Had a conversation with Wilf just this morning about what is happening with the video cuts. I said some time ago that for me DPBM was a long term hold. Looking forward to see what becomes of 2008. I think there is a lot of potential...it just depends on how the cards fall.
I also understand the frustrations on this board...but to be honest with everyone. The only way things turn around and everyone gets their money back is for DPBM to be successful..and I think the employees are working hard to make that happen. I also think more people (if they are investors) need to consider that they have invested in a penny stock. Granted that doesn't give anyone the license to steal...so my advice would be to let your positions be known to the CEO and let him know what you expect as an investor...instead of bashing amongst yourselves. A few have outlined facts very well and I agree that everything said...hasn't necessarily added up, but I don't think 20 posts a day by some of the same people is necessary to warn new investors.
In fact, IMO if...as an investor you can't get the CEO to listen...then we need to push things to the board. There is currently an open seat on the board...and I think it would be a good idea to put an investor in that seat so things can be represented from our side. If we as investors apply enough pressure. I think that would be done.
There are several real things in the works IMO that could easily fund the company for the 2008 year. There is the ExecuScapes which is new and will introduce some revenue and there is still a real possibility of the reality show. Personally, I don't see the artifacts creating much revenue for us this year unless they were to find gold or silver on the Scipion...if that became the case...then I don't think anything else would matter.
Lastly, cnsidering the float is around 330M. It would be impossible for the company to sell 200M more shares into the float like they did in 2007. Anyway just a few of my thoughts as I have been silently waiting and considering DPBM's future. Like the rest of you I am an investor and I would like to see a return on my investment...it doesn't matter to me if it is tomorrow or next year as long as it comes and it's compounded.
-B
Wave...
barrickseven@yahoo.com
is my email address. Give me a shout at your leisure.
-B
Only reason to buy into it is to average down...IMO...
Nice take on your gain...that's the way to do it. 10% in two days...
I've been playing LUM back and forth on a swing trade the last few days. Buying about $1.05-1.10 and selling at $1.20. Been able to go round trip several times...might be worth looking into...
I'm also thinking about breaking JADE open again. That 11K block at $3.58 is the only thing stopping it from really running IMO...
-B
The topic was about making money...LOL...something all of us like to do...
-B
Wave I can only say that I know what I know from my own DD...that being said...I have researched a few things that turned out to be incorrect...I also have played around with the MM's to see how thin things are as you saw a few weeks ago.
Verdict is still out for me as to whether I'll take the step over and file a Form 4.
I can tell you this...
"If" I take that step...I will not be posting anymore speculation and you would probably see the stock price increase at least temporarilty due to the purchases. I still have a few questions that I need answered and probably won't have the answers until the first part of next year...
-B
Wave the boat cost him 150K....75K down and 75K financed...
-B
Wave...you must be enjoying that today...nice move. I bought more this morning and caused a spike there. I think it has now turned the corner and will continue the move up. I also bought 30K more of JADE last night at $3.25-$3.30 and sold it off this morning for a nice 10K profit.
-B
And the survey says.....
DPBM is up again...and with a large block on the bid...
-B
Rusyt's mate better sell some quick...we're going green...
-B
Nice post Cold Rain...
I agree...still long and holding.
-B
Richard,
I was referring to another stock being as low as I thought it would go...I apologize if you missed that...Tax Loss selling always creates opportunities for those that take them. IMO that is why the last quarter is always the best quarter of the year.
As to DPBM...I would have tried a Hostile takeover...but I don't think that this can be done without Wilf's relationships with Tracy etc...
In effect...I don't think the company can run without him...whether that be good or bad. I just believe that is how it is. That being said....there is still a lot of speculation both ways as can be seen by the price holding today...but don't think for a minute that you can treat a speculative stock like a blue chip. If you do...you'll end up getting burned. For me...I'm holding what I have for now...
-B
Rusty's Mate...
Try meditation...I heard that helps with forgiveness too!
-B
LOL...Pistol
It is what it is...as I mentioned earlier speculation stocks are hard to time correctly. How many of you saw it spiking to $.04 before it did?
How many people here truly know what is on the Scipion...including Wilf?
That's my point...this business and stock are all speculation. Either play them or don't...but to buy and sell as a daytrader on this type of stock would be murderous IMO...
By the way...I don't play many penny stocks. GLA!
-B
Roosterdoo...I think the Reality Show Possibility, Artifacts, and dive on the Scipion "Are Different" but not sure the value today. I wasn't able to attend the meeting as I suggested on an earlier thread. Anniversary week for me...and that would be unforgiveable...at least to my wife.
Wish you all the best this weekend...see you all next week!
-B
Still here still holding...but been very busy. Not wearing rose colored glasses but agree with Roosterdoo a lot of things in the works that could easily move the stock to a double or triple.
Don't think we will hit Wilf's projection by end of next year unless the Scipion ends up being the mother lode. Time will tell...but for now I'm sitting and holding...and waiting to see what happens over the next 2-3 months.
If the stock goes back down to $.005-$.008 then I may buy more and file with the SEC. Not worth my filing to do so at this price level. A smart investor always keeps cash in reserve to double down if he/she still believes in a company and it goes down (I will determine if I believe in the company enough to do that in the next few months). I did the same thing on JADE and now it is retracing and I'm making much more. Anyway just my take on this one. I think with the diving going on in December and the TV Reality and no more shares available to sell till next year...we are in a safe month with several possible increases...
P.S. Thanks JRF for the post...I read your email...It took all morning...JK. I'll get back to you but celebrating the anniversary with the wife today...Best Regards!
-B
Agreed...
-B
Capt you are wrong. Wilf has 150M unrestricted and there are 30M others between Cowen...etc etc..
By the way...if Wilf was trying to kill the shareholders...why didn't he sell the shares last Jan-Jun when the stock was trading at $.05 instead of now at $.015?
My point is he can sell up to $1M a year...He is choosing to do that now probably to pay for things and build income for future salaries...it looks worse today because of the price being much lower...ie he has to sell more stock to get the $1M..but actually it gives people a better chance to average down for now...IMO
-B
Deep See...
I found a way you can add an additional 50K or much more to your portfolio...
Win the Shelby....LOL...but I think Rusty's Mate has her eye on it also...So do I...good luck!
-B
I have not seen the contract...but under what Ed is suggesting my best guess is that he can sell 1 Million dollars worth of stock each year to fund operations. If the price per share is 1 Million dollars that is one share. If the price is $.02 that is 50,000,000 shares...I will look into this more...
-B
Capted...I don't know Wilf's full plan as I haven't seen every article of his business plan laid out...but when I sat down with him and discussed things over breakfast...he turned me down without even discussing terms of additional financing.
I know that he is solvent as a businessman...so I'm guessing he isn't too concerned at the moment. That being said with the restricted out there at 180 Million and the current float at 320 Million...we must be done increasing it unless you know something I don't. The only way I can think of the float going up even more is if Wilf give's back restricted shares to the company...I doubt the Woman Key Restricted's would.
Do you think he would do that?
-B
I am pretty close to this situation and was led to believe from a pretty close source that the first episode was in the bag. I did pick up an extra 5 Million shares due to that research. I will say the conflicting report was/is troublesome...but not a deal breaker for me.
As I mentioned before I'm a long term investor and will wait to see what Wilf brings up....The good news is...with the new float #'s and knowing Wilf and others have 185 Million restricted shares...there can only be about a few Million more shares available to float unless the restriction is lifted...maybe that will allow us to go up soon.
Looking forward to see what becomes of the shareholders meeting. 24M shares and holding...
-B
Daveyjones...I'm not related to beacon anyway shape or form...
-B
I suspect that is very accurate. In my conversation with Wilf on the DR site it includes an area approximately 13 miles. So in my mind that would be very consistent for Woman Key.
On the other post about restricted shares...I also wouldn't want to retire on the amount at today's price. IMO when their shares become unrestricted they would be better off holding them for higher prices or selling them in bulk in a private sell...
But...you never know when a wreck site will show up with a lot of coin...and overnight you become a rich man holding shares...
-B