My fear is that they'll use every bit of good news to sell more shares. They'll reason that they need the money to finance more dives, but shareholders will be diluted into oblivion. My guess is that O/S'w will number 500,000,000 before this is over.

I'm actually a very positive person and I always try to look for the good in a company, but the more I dig the madder I'm getting. Here's the CEO's comment to an inquirer as to why the stock price has fallen recently. This from the CEO Journal:

How many projects can DPBM actively pursue and work on in one year? As I understand, DPBM has found a site that may be promising and which DPBM is currently obtaining a permit. Also, DPBM has signed a $500 million dollar agreement to assist in recovery of a possible treasure - which DPBM states they will hope to accomplish within 2006. So again, how many projects can DPBM take on in a year? Last question, since DPBM's late February news release, the stock has been declining rapidly (from .70 - .19), even though it has been posting fairly positive news. Any remarks?

DPBM will handle as much as becomes available. If we need to contract the work out or even if it requires that we obtain a few more boats. Hurricane season is approaching at the end of next month so we wish to be somewhere else surveying where the hurricanes won't touch us and we will rotate areas accordingly.

As far as the stock declining rapidly even though we have been having good press is probably due to the fact that we have not actually begun the salvage process. Keep a watch on our press releases to be informed of any salvaging.

GEE, do you think dumping 8MM shares on the market might have had something to do with it? Sheeesh!

Hi StockAddict. I just realized your original question. Here's a paste of the PR. I got the same message when I tried to click on the link.

BellwetherReport.com Begins Due-Diligence on ACMG, NDOL, DPBM & PGPU
BellwetherReport.com a leading online small-cap research firm has added Alcard Chemicals Corp (OTC: ACMG), Nord Oil International (OTC: NDOL), Pinnacle Group (OTC: PGPU) and Deep Blue Marine (OTC: DPBM) to the growing number of small-cap companies we will keeping close eye on over the coming weeks.

Alcard Chemicals is trading up 12% today on much higher than average volume. The company announced on Thursday, the completion of an independent evaluation of its proprietary technology to produce plastic raw materials, Ethanol and Bio-Diesel based on renewable resources. The independent evaluation was performed by CLD and they have established the value at $85 million USD, translating into approximately $0.90 per share on a fully diluted basis.

Nord Oil International, recently announced their plans to begin trading on the OTC BB Exchange, an extremely positive step for any small-cap company looking to establish credibility for themselves. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.

Pinnacle Group is trading up 11% today on over 1 million shares in volume. The company has released an abundance of new and positive corporate developments of late, and is looking to capitalize on surging energy prices.

Deep Blue Marine is trading down 5% today on over 2.5 million shares in volume. This comes as somewhat of a surprise, as the company also released a pre-market announcement that they have been given an upgraded rating by a respected research firm. BWR will be looking into this most recent corporate development to try and determine the long-term affects on the market sentiment.

Investors seeking more information on the above mentioned companies, or similar trading opportunities are invited to visit www.bellwetherreport.com for more information.

About Bellwether Report:

Bellwether Report is a leading online financial newsletter offering comprehensive research on a variety of investment opportunities. Our service offers a user friendly web-portal for retail investors looking to obtain leading edge research. We encourage all investors to visit www.bellwetherreport.com for a free subscription.

Hi SA
Did you get your login info? If so, log in then type the stock symbol in the box in the upper left of the screen. Then when you are on the dpbm stock page, click on the CEO Journal. It should come up. I just tried and there is no problem. You'll find the comment about the 8MM sh in the 4/18 journal entry.

On a positive note, the company still maintains that they will bring up wreckage this year. So, we'll see. Maybe it will all turn out ok.

Here's a new link to some news:

http://app.quotemedia.com/quotetools/popups/story.jsp

I'm laughing because they can't figure out why the stock didn't go up on good news this morning. The company has used up a lot of goodwill by selling so many shares into the last pump. Fool us once, shame on you. Fool us twice......

This company will have to perform well going forward to be rewarded by a higher stock price. No one will believe the hype now.

Hi Stockaddict:
It's a little tricky, but here's how you can research this company. Check out this site:

http://www.stockinformationsystems.com/c/DPBM/index.html

Then click on the CEO Journal. It will make you sign up which is a minor thing. I think they just wanted an email address and name. They'll email you a password. Then go to the CEO Journal and read the answers Blum gives to shareholder questions. I had posed a question about the increase in the float. He responded that they needed the money to get the company funded so they can get to the booty. It has left me a bit cold. I feel a little betrayed. I see shareholders feel the same way because there is very little response to today's PR.

Nice pr
http://biz.yahoo.com/bw/060425/20060425005100.html?.v=1

I emailed Blum and told him that I resented the fact that the company used all the media attention and press to increase the float 8 MM shares. I had seen various interviews where company reps touted the fact that they would keep the float low, then Bamm, 8 MM more shares. They've already given themselves 200 MM shares so the upside for us was limited. Our only hope was if they would be careful to limit the float. It doesn't appear that they will. I'm discouraged at the early actions of the company. If this kind of activity were to repeat itself they can kiss their shareholders goodye for good.

Any investors in DPBM out there?
I was disappointed in the company selling into the recent rally. It appears they issued an additional 8MM shares during their recent PR campaigns. Anyone care to comment?

Uh Oh David...competition.

Hi David:
What makes you sure this PTHO is a winner? There is very little information available on the company. The float is small, but that is a two edged sword. Insiders can sell large amounts into any rally, as they apparently did during the last run-up. It looks like a company with a promising product that may be years away from profitability. It would not be unusual for a company with this profile to hype up the share price so as to generate much needed capital to stay afloat.
What is the compelling story here that makes you so optimistic?
Just curious.
John

Hope Cohn produces financials soon. A number of the faithful live in the gulf coast and they've lost everything but their stocks. An improvement in the share price would sure help them out right about now.

Sonyboy:
Don't bother. I'm putting you on ignore. I've heard it all before. The music is too monotonous.

Sec10: Now who's being naive? Quoting you: legitimate companies don't have things happening off the radar. That's the mark of a scam. Legitimate companies disclose.

Oh really? When IBM is exploring buying a company do they disclose? When companies are in talks to merge, sell, buy, invest, expand, develop...do they disclose? Sure, when it is in the shareholders interests to do so and not before.

There is only one reason that these posters have posted 24/7 since april 2004, and that is to drive the price of the stock down, period. Any reasonable person can see that. There is a massive short position. They will need to cover soon.

Sonyboy: Well, I've got to give you credit. You're good at what you do. And what is it you do again? Hmmmmm. Spend countless hours researching, compiling, posting. Warning unsuspecting shareholders. A friend of the little man. Do you help little old ladies across the street and help your neighbors take the garbage out too? What a fine man. But, there's a difference between you and me. Whenever I've sold a stock, I've moved on. I didn't post on the stock any more...that is unless I was short. Then the compulsion to share all my bad feelings were just too overwhelming. And, I imagine, the compulsion becomes a mind deafening roar the bigger the short position. I suppose I'd post 24/7 if the short position was big enough. My own research suggests that you're position is truly big enough. And, you've done well for yourself and your bosses. Started shorting back in April of 2004...I think April 7th probably. That was the day the stock crashed. Interesting that was the day the Rao suit was filed. But no else knew about that but you. Hqnt wasn't notified till ten days later. You didn't trade on insider information did you? So now we play chicken. You're going to try and drive the price to zero. Let's see who covers first.
On your points:
1) Have you spoken to Jack Anderson? Has anyone you know talked to him? No. He's on his deathbed. Doug and Jack were friends for 18 years and partners for 5. Jack's family hasn't allowed anyone to contact him. There's no proof he even said it. Or, if so, what the context was. So, this point is irrelevant. But, it makes such good copy to keep bringing it up, doesn't it?
2) The answer to point #2 is simple. We've never had our day in court. Attorneys messed things up initially and there has never been another hearing date given. But, you knew that already.
3) Interesting viewpoint. The Jury gives a bigger award and you assume it's because they felt Doug was..how did you put it..."Such a sleazeball"...sounds like a dispassionate statement. You can't prove that...but it makes a great headline huh? Yes, you're good at what you do.
4) The trade credits exist. They from to a company called Oncorp (sp?). The 10,000 sq ft building may have fallen through. So what?
5) Speaking of trade credits, you made a little freudian slip there Timothy...you mentioned that no one have been able to refute YOU'RE evidence. You must mean the "Evidence" you posted on Our-street. Say, how is the lawsuit with the SEC, HQnt, the company in Colorado and the company in Illinois going? Wow, 4 major lawsuits with lawyers representing you in 4 different venues. That must get expensive, huh? Tough on a guy unemployed in Slovenia. Say, who's paying those legal bills again?
6) Yes, in April and May the financials were promised. That was just before the Rao suit was filed. And you know how agressive the Rao's attorneys were. Forensic auditors. Papering Hqnt to death with discovery questions. Dominating Hqnt management and it's auditors with request after request. Given the acquisition of Stewart and Shaw and the excessive burden of discovery heaped upon hqnt, it's not at all surprising that the financials have been delayed.
And, btw, my boss would understand the delays under the circumstances.
7) Musky Don praised the software which proved to be flawed. Hqnt's own tech guy had to fix it to the tune of about $385,000. Ok, so we didn't use Musky Don to help fix the software. He may have lost money in hqnt. So, no one else can invest here now?
8) James Connors was paid about $83,000 in legal fees for representing hqnt. Now he wants more. It's not going to be settled on the internet and you know it. They'll just have to work that out. What does that have to do with anything? Oh yeah, I forgot...makes a good headline. Keeps up the selling pressure. BTW, I heard Doug doesn't drink. Can we come up with something juicy on that? Like, he a recovering alcoholic? Hmmmm, wanted for public drunkeness in Utah? Work on it, I know you'll come up with a good one.
9) Doug IS a nationally syndicated writer. His works still appear in various respected journals. And he does respect the first amendment...just not yelling fire in a movie theater. That is criminal behavoir. There's a difference. But, you know that already.
10) Hqnt bought Intelliservices. They bought the stock from the Intel. shareholders under a contract that they warranted the disclosures to be true and accurate. The $385,000 judgement against Rao proves he made false statements. When the problems with the software came to light, giving it back was an option which was considered. But, who says they had any money left or that they wanted it back? They'd just passed off a bill of goods. They were happy. Cohn went about fixing the software at considerable time and expense. They would have benefitted by Hqnt ultimate success...but they wanted $12 MM instead. Hey, it's a free country, you can sue anybody for any amount. And, btw, thanks for the free legal advice about how Cohn should have handled this. I'm sure he or his attorneys never thought about the course you recommended...damn! Well, if you'll give us your name and phone number we'll be sure to call you first next time.

So, all you shorts out there, get ready for a punishing blow when the financial statements finally reveal what good things have been happening way, way off radar.

Congratulations Mr. Cohn!
A year ago you were facing a $12 million dollar lawsuit. A year later, it's down to several hundred thousand, and this may be negotiated to a lower number yet.
You have been vindicated by the courts on the matter of Intelliservices misrepresentations.
You have weathered the the blistering heat of slander, the storms of innuendo, and full frontal assault of lawsuits.
During this time, you've grown the company.
We look forward to reading about our progess in the upcoming company filings.
Now, let's work on the stock price, OK? With 75K shares currently held, my wife will soon be pulling out a roll-away bed for me in the garage!

Hi Tke458:
A ruling was passed down on July 11th denying Rao and Korrapati any further recourse. Their claims against hqnt have been dismissed. This was based on their misrepresentations to Cohn at the time of the sale. Apparently, there were no customers, the software was not complete, and they were not an active "Going concern." Cohn has commented in sworn statements that hqnt has had to invest $385,000 to bring the software up to snuff.
The court determined that the other shareholders were not involved in contractual obligations to hqnt. In effect, they were just shareholders who expected some value from the sale of Intelliservices. The court reversed the earlier decision and has granted that they should be compensated. The court, while acknowledging that hqnt was duped in the purchase of Intelliservices, ruled that the shareholders should nevertheless receive the value they thought they had coming. You can see that this was a complex legal question. So, the court has spoken. Let's get on with it.
So, on balance, I think it is all good news. The ownership of the software is now unclouded. We'll have to pay the former Intelliservices shareholders and it will hurt earnings, but then we can get on with business.
JMHO

Sonyboy:
The fact that it took a few years to decide whether conversion had occured, that the initial court ruling determined it had not, and now has been overturned, demonstrates that this was a complex matter of law open to various opinions.
Clearly, Cohn felt he'd been duped in the intelliservies purchase. The court has upheld that position.
DID YOU CATCH THAT...OR DID I GO A LITTLE TOO FAST FOR YOU.

The court has upheld the position that hqnt was duped by the sellers of Intelliservices.

Cohn appropriately cancelled all agreements when the full extent of their misconduct became apparent. The court has, in their considered opinion, agreed that the principles did dupe hqnt, but has awarded the Intelliservices their shareholder value apparently on the principle that they did not participate in the fraud and so are entitled to the shareholder value at the time of the sale. That was a complex decision based on various conflicting legal precedents.
But, that won't stop all of your ilk from claiming Cohn is guilty of conversion till kingdom come.

Bottom line, this nasty affair that has acted as a drag on the company for the past year is soon to be over. My estimate of earnings is around a million a year based just on the Ajax manufacturing business. We'll take a hit to earnings and we'll just get on with business.

While this ruling is certainly not the greatest news for shareholders, it does seem to me to be good news, on balance. On the most important issues, we've won. The software is ours and we are now free to form the subsidiary. The only issues remaining are what amount is owed to the former Intelliservices shareholders. Whether it is 300K or 700K, all it represents now is a hit to earnings, rather than a threat to the company's viability.
With the cloud effectively lifted on whether we have clean title to the software, I'd expect to see us move forward rapidly on the formation of the subsidiary and ramped up software sales.

You know, think about this:
If it hadn't been for some pretty good investigative digging, we would never have figured out that the Stewart and Shaw acquisition was the Ajax Canada manufacturing plant. I don't think this was spelled out in any press releases. Now we've come to understand that this is a very profitable division within hqnt.
What else might we not yet know about? Cohn has consistently stated that he is working his arse off to create true shareholder value and that this will become apparent soon. What else might be going on that will soon be revealed? Hmmmmmmm.
Just a thought. Oh, and I've received a dividend of some kind every quarter over the past year. How many 30 cents stock do you know of that do that?
I added 25K shares to my position on Friday.
Just a hunch.

Well, on balance, this is very good news. It appears that Cohn will spin off the software business into a stand alone subsidiary headed by Marc Nathan. In order to do this, a full financial accounting will be required to divide up the balance sheet among the two companies. I would expect the financials to be published around the time of the creation of the subsidiary, or sooner. We know, from our own DD that both companies will be nearly debt free. With Cohn free to run the Stewart and Shaw medical products facilities and Marc free to run with software, both of these vital businesses will have the focus they deserve.
I understand that the software company sports a 90% profit margin. Marc understands the need for a "Salesman" personality at the top of a software company. These two seperate companies should thrive under the leadership of these two good men. Cohn's gifts make him well suited to the accounting and analytical skills required to run a manufacturing firm, and Marc's should lend well to running a sales organization. I also am satisfied that Marc knows all to well the need for timely financials.
With the new equiptment being delivered to Canada, there will be a lot of focus required to maximize that business. Cohn will be kept quite busy.
This announcement is very, very good news for shareholders.
Expect more announcements to follow.

Is there anyone left who has not received their sndh shares?

Curious. Miles signs off and so does Elazardo.

And this from their site:

NOTICE

EFFECTIVE MAY 5, 2005 Our-Street.com has been sold. The previous owner and publisher are no longer affiliated with Our-Street.com and are not responsible for any subsequent information or comments posted to this site.

Rather hasty departure, wouldn't you say?

Looks like our old buddy Timothy Miles calls it quits.

http://www.our-street.com/featured.htm

Well, this sndh dividend seems to have as it's objective to smash any short position. It would seem that it has been in the works since around January at the latest. Clearly, Cohn must believe there is a short position in hqnt to have hatched such an elaborate trap. I remember the r/s that was announced in sndh. It was 1 for 252. I remember feeling at the time that such an odd number was probably designed to create a share number that would coincide in some way with the hqnt o/s number. I posted that if sndh had had a billion shares, that the 252 reverse would have put the share count at about 4 million, or about 10 percent of the hqnt shares. For the trap to work, hqnt would have to dividend to existing hqnt shareholders the entire float in standard holdings making it impossible to obtain shares in any other way. The shorts would not be able to cover no matter what they did. If this is the plan, then anyone who doesn't sell their sndh shares will benefit because ultimately the shorts will HAVE to buy the shares...at any price.
If this was the plan since December/January, then it stood to reason that Cohn would hold off on the financials until the trap was sprung. If all this is true, then the financials should hit this week.
If not, then I give up on trying to guess what is going on!

Interesting that Elazardo stopped posting on all boards on April 26th. Two thoughts: If he suddenly reappears after a couple weeks, then he's European. Every European I've ever met takes a two to three week vacation (Holiday). A holiday is a total absence from work (Posting).
Second, if he's gone for good, then hqnt is going to go up. Look at his past pattern of posting in amzn, msft, etc. Daily posting till the bottom, then a total cessation of posts. When a stock starts to turn up, he's gone.
Just a thought.

I suppose much of the optimism expressed on this board is related to persons who have met Cohn personally, and believe in his integrity and character. As I have not met him or had personal business dealings with him, I wonder if we could have a little discussion about what folks know about Cohn. I would appreciate anyone commenting on either Doug or the products and services hqnt provides. Thanks in advance for any little item any of you can share.

Hi Agape. I've got 3600 shares and 50K shares of hqnt. I added to my hqnt shares after the div. because of the comment about "Auditors" in the latest PR which suggests good things coming. Added 10K today, for example.
I don't think I'll sell for a year because it will be taxed as ordinary income, and so it will be taxed at about 50%. So, what's the point. I'm pretty much locked into a one year holding period on everything I buy.
John

Yes, David. I think it is pretty simple:

There clearly IS a short position in hqnt otherwise there would be NO buying of sndh right now. Almost the entire 75K shares today were BUYS. The only question is how large a short position exists. That we can debate, but whether there is a short position in hqnt or not is no longer open to debate in my opinion.

Hi everyone:
I think Zano has the right approach. Put in a good till cancel order of at least $5. This locks up the shares and signals the price at which shares are available. Better yet, build a sales ladder as was earlier suggested. Some at $5, some at $7 some at $10, etc. I noted that someone was doing that because I saw one market maker was asking $10 for hqnt the other day. So, someone had put in the gtc on hqnt at $9 x 10.
As for the short position, surely a lot of the short position would have been covered since the hnst dividend, don't you think? I know that I've accumulated 50K shares and I think a lot of us have increased our share position, yet the price has remained steady to down. So, there were sellers.
I got my 7.5 million share short position as a wild guess based on the on balance volume numbers of the past year. Check out my earlier post for details. But, it's a number arrived at using the swag method...it's a stupid, wild ass guess!

Just a few musings:
From Monday to Thursday, about 175K shares of sndh were sold, on balance. Today, about 75K shares were, on balance, accumulated. So, perhaps 250K shares have been "Absorbed." I contend that the only people who would buy sndh right now are people who have to. The 175K in sales represented about 1.75 MM shares of hqnt. By weeks end, the selling in sndh dried up. If the week hands have sold out and the big shareholders hold tight, next week there may be no shares of sndh available. Remember how it soared to close to $5 last week as shorts probed the availability of shares? If we hold tight, we may begin to see much higher prices next week. I can't tell any of you what to do with your shares of sndh, but if you want to join in the fun, I'd say we should all just hold and not budge at any price. We may make history together, who knows?
As for a short position, I don't know how big it is, but I do know that Cohn holds about, what, 9 MM of the 33 MM shares available. The float is about 26 MM shares. Since our last run up, about 15 MM shares have been sold on balance. If the big guys have mostly held on, what portion of that could be short selling? Half? That would suggest 7.5 MM shares short.
So, 750K shares of sndh minus the 250,000 so far absorbed means that they need 500K shares. It could be much higher, though, who knows.
Just a few thoughts.

Schwab comes through! All divies in my account as of this evening. Let's see what tomorrow brings.

Absolutely true, unless there is a short position which has created more hqnt shares than can be covered with the number of shares of sndh. That creates the whole question of where will the brokers get the extra shares from. That's what we've all been talking about for the last few weeks, isn't it?

Looks like the strategy is to gobble any shares that come on the market and then put the shares into our accounts. If there is a 2 million share short position in hqnt, then they need 200,000 shares of sndh. By nibbling away at about 30K a day, they'll meet their need in just 7 days. I'd love to see no one part with their shares, but the mm's know that some will sell. It looks like their just picking them up as they can.
Now, if the short position is much larger, then it's another story. The PR suggests that Cohn thinks it's larger. I guess we'll see.

Hi Res:
Actually, I think the auditors were only giving us the value at the time of the spin off so that we could establish our taxable "Basis" when it comes time to sell. The "Value" was established by the closing price on the day of the dividend. That number could be way off from the actual "Value" which none of us can really know till some financials come out. You could use the PR for establishing your gain/loss in the stock when you finally sell, if ever.
As for Schwab, yes they said today or tomorrow at the latest. It's not there today, so I suppose tomorrow. Schwab has been a lead MM in the stock for some time. So, if there has been shananigans, it's likely to have included Schwab.
With each day, though, a short squeeze is looking less likely. I guess we just will continue to watch. I do believe that, if there is going to be one, it will start suddenly and without warning.

No divies from Schwab yet. eom.

I think we're all a little dazed by all this. Nothing but questions. I agree that the financials are the key to our future, not short busting. Now, if Cohn put this much thought into springing a bear trap, then it follows that he'll release the financials right about now.
I sure hope he does. The timing couldn't be better.

My rep at Schwab just called and said they hadn't yet received the shares, but that they should be in my account tomorrow, or Friday at the latest.
We'll see.