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Thursday, November 16, 2017 2:40:49 PM
excuse the pun..
WTF is this. Please say it isn't the ORRV that we have all grown to "know and love"...
https://globenewswire.com/news-release/2017/11/16/1194341/0/en/Deep-Blue-Marine-Inc-Announces-today-completion-of-an-Asset-Sale-Agreement-with-Oceanic-Research-Recovery-Inc.html
Sandy, UT-Deep Blue Marine Inc. (Pink Sheets: DPBE) (Pink Sheets: ORRV), for the purchase of its equipment located in Key West, Florida and the assumption of 100% of Deep Blue Marine's Florida Operations.
By the terms of the Asset Sale Agreement, Oceanic will receive
three fully equipped work vessels, including additional support
equipment and Deep Blue's Key West offices and boat slips. Oceanic
recently entered into an agreement to assume the sites currently under
contract with the Rose/Wells Group known as the "Kirby" and "Woman
Key" sites.
As consideration Deep Blue Marine received 100,000,000 shares of
ORRV's restricted stock. This stock in turn will be distributed among
the Deep Blue shareholders, on a 1:1 exchange basis.
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