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maybe, just maybe, John Bay took this off the grays so he could unload his own shares... what a genius...
it's done
see the letter at:
http://viyya.com/
I voted NO.
A company with revenues does not need to sell shares for revenue generation. Let current revenues and current OS raise the PPS out of pennyland. Surely Schissler and his family can benefit from a rise in share price as can all the investors.
The IBox says that this stock went from 309M OS on Nov. 10, 2008 to 942M OS on Feb. 12, 2009- that's a dilution of 633M shares in 3 months. Holy carp!!! I wonder who sold all those shares?
Why would anyone say yes to allowing another 6 BILLION shares to potentially dilute their position? That's over a sevenfold increase in AS.
Take my shares out of pennyland- then talk to me about your need to issue and sell more shares or fund expansions or ward off evil or make a killing in the market. I'll listen then- I promise.
Proxy Vote- No No No
sorry schissler- i'm voting NO to your dilution plans.
now go make me some money on my current shares...
Two things I heard on the CC are still keeping me out of retaking a position in this penny:
1. he compared DB to Oddyssey and said Oddyssey took on tremendous debt this year and DB didn't. Then explained that the money he gave to DB to cover operating costs was an "on the books no interest loan" = debt in my mind- but apparently not in his
2. he said if they found something tomorrow- he couldn't reveal it for 6 months or so- due to agreement with DR. Then he described slices of iron bars he removed from the site withing days of finding, a room full of pristine wood blocks determined to be worth xx dollars by the DR, a clump of coins that just had to be something other than what they previously found, etc, etc.
You can't have it both ways.
There's one born every day Mr Barnum- it just ain't me today.
I predict that if you new talkers can actually act and buy some VRED shares at the ask (any buys will exceed the current ZERO volume)- the pps will rise or we can continue to wait for news and you all can get in at a much higher price. At least the last pump (market awareness program paid for by VRED) and dump crowd appeared to buy and not just mindlessly post all day long.
What board (or planet) did you all arrive from- I want to make sure it doesn't get on my itinerary...so long for now...
from RB board: DPBE
4/8/08 1:5 RS Becomes DPBE
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/07/2008&mkt_ctg=NON-OTCBB
NAME/SYMBOL CHANGES
Updated 13:38
Date 4/8/2008
Old Symbol DPBM
Old Name Deep Blue Marine, Inc. Common Stock
New Symbol DPBE
New Name Deep Blue Marine, Inc. Common Stock New
Comment 1-5 R/S
Yes- you "awareness enhancers" sure got a tight grip on this one.
Almost like you can predict the future, but it seems like it's the here and now that's got you all messed up.
Keep up the good work!! Looking for the penny dance here shortly...good things next week for sure.
Not ticked at all. I appreciate your disclaimer (even if someone else had to point it out to me) and thank you for doing the right thing regarding assist. moderator.
Seems that if VRED has paid you to enhance "market awareness" your kinda working for us shareholders so now enhance "market awareness" away and give us our money's worth...I figure this one needs to run a long way to overcome the unrestriction in 10 months- so all legitimate enhancement is warranted.
GLTY and all here- GO VRED & VYON!!
(guess that's why they ain't payin me huh?)
admitted on his links
see the next to the last line of this link
http://www.stockvelocity.net/disclaimer.html
IMHO- not appropriate for a moderator or assistant moderator on these or any public boards.
Maxtil- yes it worked for the run up to .04 and then faded big time. They did the same on VYON, then dropped it like a hot potato and started pumping VRED (I assume when the deal was cut to be paid in restricted shares).
Now both are in the dumper for the moment. Hopefully for not too much longer or lower.
I don't particularly mind the pump as it's good for my shares too (although the inane repeat comments are useless). But if you are being paid by the company to pump their stock on a board you are moderating- it should be, IMHO, divulged either by the pumper or the company. I also don't care for all opposing opinions being deleted or users bashed repeatedly for questioning either the pump or the company.
Hey- what do I know...seems to be a common practice on Ihub...
Well- I asked about the "company paid" (w/ restricted shares) pumpers on the VRED board.
Asked if they (the so called gang of 11) would at least identify themselves to the rest of us.
Of course no one came forward and my post was deleted.
What a sham- and do they get paid even if the pump doesn't work?
I don't post on RB but do read those boards.
Please don't take my previous post wrong- I was not being critical or attacking you in any way.
Just want to see a better dialog going on these two stocks. I'm in both, with restricted and unrestricted shares in VRED and am pretty excited about it, but can't take the relentless pump on the other boards and abhor the way they attack anyone critical of their circle jerk. Isn't that why this board was created?
For instance- who is VRED's competition and what's their share of this market? My son is a freshman at SCAD and they use a program called Connect-ED for their emergency alert system. The company is NTI Group and it appears they were recently bought by Blackboard. How does this system compare to VRED's program? What is Blackboard's penetration into this market compared to the Clements Group?
Thanks-
Hey Maxtil- how about kicking this board into gear?
What do you think about the Vyon share price? How about the pump on the VRED board? Why can't those paid pumpers get that VRED off the ground? What's it going to take- a PR a day? They got 10 months till the restricted shares hit- can it fly if the company keeps the PRs flowing and they keep "slapping" each other's "ask"?
Come on Maxtil- tell us what you know and think...tell us the reason you started this board...
Dinar's and Dong's- is that what you brought us here for? (asked in the voice of Jack Nicholson from "A Few Good Men")
so did Barrick decide enough bs and unwound his position today?
if not- he will after the r/s and the massive dilution coming...
1/5 your shares and the equivilent of 2 BILLION (pre r/s) additional authorized shares in his till- good thing he took that OFF THE TABLE...
My guess is that they can't leave until after the R/S happens.
If the R/S is somehow not approved = no future funds = bring em back home cause we can't pay em.
But then again- I could be wrong...please?
Please explain this further.
Vantillian wrote: "1% every 90 days. LOL. I can handle it!!! With everything VRED has going for it now... school's coming online, government funding paying for it...etc... I want to have a big piece of this PIE!!!!"
Thanks-
Thanks jrf30- I get it now. No need to authorize additional shares- as long as you approve leaving the authorization at current $500m amount, and cut everyones shares by 1/5, increase the cost per share by 5 fold, and be able to raise about $96m (at current PPS and assuming it holds) by slowly selling another 400m post split shares.
So, in essence, he is still getting TWO BILLION additional shares authorized at current PPS value.
Plus he makes us think he took the TWO BILLION additional off the table. This guy is a freaking genius!!!
"So which cup is the pea under now?" asks Mr. PT Barnum...
Someone please help me understand cause I don't see the point of the reverse split, no authorization for additional shares, name change, symbol change, etc.
The reverse split will give everyone, including DPBM, 1/5 the amount of their current shares and theoretically increase the per share price x 5.
How does that generate any revenue to fund operations? How does that keep the company from going bankrupt?
Is the goal to increase the share price so that others will more readily buy shares that DPBM has to sell to generate operating revenue? Is the goal just to bolster the market to sell shares into? Is it because the GMA appearance, the PR's, the contest, the reality series, etc., aren't effectively doing that anymore?
Bottom line- without a revenue stream established, shares must be sold to generate operating revenue = massive dilution = share price drop. How can this be done without additional authorized shares?
The name changes, the symbol changes- what's the point? Again- is it to trick new investors into buying more shares being sold by DPBM to generate operating revenue = massive dilution = share price drop?
I'm getting a bit dizzy but don't think I'm enticed to buy back in.
How does this save the company again?
Or is it just me...
oh - never mind... Wilf's guilt apparently got to him- and the additional authorization is off the table for now...
I'm also out...again. And it feels great...again.
Left after the last investor meeting in KW when they didn't leave for DR. Then bought back a little in mid-Jan when I thought I caught a bottom and they were leaving soon and it would pop. Now out for good and not nearly as hurt from PT Barnum's antics as some others. It is truly a circus in (sub)pennystock land. And as for treasure salvage investments- I'm cured.
Capt- thanks for the constant reminders- you saved me from jumping back in with both feet more times than I can count. You deserve a medal of honor in my book.
Good fortune to all- it's been a ride for sure.
Thanks grongron50. Here's some vred divi update news.
I've been in since Dec. 21 when I did some quick DD but was mostly swayed by the 4 for 1 divi into vred. Freaked when I read that I might not be eligible for the divi cause my buys weren't closed by record date of Dec. 21. Contacted Joe Forese (COO) and heard back from him today that they will honor the divi for those who bought by end of business on the 21st as that was the company's intent. (plus there was a huge volume that day and I assume the company was selling to raise money) Any of you in the same position need to contact Joe so he can take care of you too. He has a list of people that they are working with and upon proof of purchase will issue the divi vred shares. The company did the right thing under the circumstances and I applaud them. Not worrying about the vred price for a year at least cause I can't do anything with those shares anyway.
Glad to see the new enthusiasm here the past two weeks- caused me to double my position in vyon and begin to learn about RSS and more about Viyya's products. Now if the company can finish raising the money they apparently need and stop selling into their own PR's- we can move up big.
If they had the big contracts in hand they would release the news and let the sp rise so they wouldn't need to sell so cheap. I'll wait and see.
Go Viyya!!
Did not feel good seeing some trades down to .013 today.
If it is the company is selling thru their PR's to raise cash- don't think that bodes well for big contract announcements coming soon. IMHO.
(BTW- first IHub post here- this is a great place to hang out- plus vantillian is learnin me (thru his RSS site) on RSS)
Go Viyya!!