Deep Blue Marine (DPBE)

[PinkElephant]

Let's put some perspective on the dumping of shares Wilf has done according to the information previously posted:

http://www.investorshub.com/boards/read_msg.asp?Message_id=20246183&txt2find=float

Obviously this has hurt folks to have the share price cut to an 1/8th of what it was last April. The float has increased dramatically which ruins the dynamics of this stock in the market.

However, the outstanding shares has less than doubled in that time. In an ideal world where everything is valued as it should be, this should only have cut the share price in half not 1/4 or 1/8. The market cap is determined by the O/S not the float.

So if last year Deep Blue found 500M in loot, we would have been worth ~$2/share. Instead, if we find that now we'll be worth ~$1/share. While long term holders can't be happy about that, it isn't as bad as it could be. (Or as bad as what Wilf has done to some of his other companies apparently.)

I know some folks are stuck with restricted shares, but I am amazed that people would hold their shares while this was happening during the winter when DPBM couldn't dive.