Hi Neb,
Thanks of the reply, but you are missing a few things.
I have two homes in the DR and have been a part time resident for over thirty years.
I am an avid treasure hunting fan and was an early investor in Deep Blue.
When I bought the stock was just south of a dollar, so a penny is hardly exciting.
The current president took office in August 2012, and while there is corruption in the government
there is also accountably. I know for a fact that every recovered item since Webber in 1978 is still in possession of Cultura. Maybe can't find everything, but they have it all.
I don't know why they are holding back divisions, has anyone ever asked them directly?
I do know that all leases were "Permission to work," documents and were renewable at the behest of the host government as I am a board member for Cap Cana NFP.
So if they choose not to renew, a company has little recourse.
As for Tracy Bowden, I've known him for thirty years and he hardly ever did anything ethical!!!
He has a long history of cheating dominican divers, he in fact was a driving force in the financial mess
of this company. Leasing a vessel that had no chance of financial return and handcuffing the company to that vessel with the promise of treasure ships that never happened. How much company money was wasted in those three years?
Bowden is a crook- plain and simple, the list of people he cheated in this country is very very long! Now he is trying to work in the Bahamas.
We were planning to do a museum in Cap Cana.
So I've been to the museum with an eye on development when it was open, it was a joke. I was even invited and attended its grand opening. If you could tell me how that small little structure with loaned artifacts from the government cost all that money, I would love to hear the explanation.
But my big question is the viability if any of the company going forward? Is there any?
Who is the current management? Are there any assets? What is the value of the two divisions being withheld? What happened to the other divisions that we know Blum received?
Every other salvage company who worked here has gone off to other venues instead of crying over spilled milk. I'm certain if things change they will be back here in a heartbeat.
But life must go on!
Sitting around for a few years and waiting does not seem to be a viable business plan.
Is there a plan, or just sour grapes?
I know a small group of people looking to fund a treasure project, right now they are looking off shore, but are very interested in the changeable events and policies of the DR.
But they are astute investors as you like to phrase.
Credibility and a business plan are essential
We can not even determine if Deep Blue is still a company, and the lack of information or for that matter acknowledgment of management is not promising.
