Deep Blue Marine (DPBE)

[PinkElephant]

So lets see. We have almost 500M shares outstanding, it's really like 493M, but we'll round up to make the math easy.

500M shares of DPBM translates to 25M shares of new company according to your post at 20 to 1. 25M at $4/share is roughly $100M. Where exactly is this 100M dollars going to come from? Wilf is just going to raise his magic merger wand and create $100M in value? Wilf's barely got $1M in hand from dumping the last 50M shares and it will cost that much to buy an empty AMEX shell at least.

Now if they pull something up off the bottom that makes the stock worth that much, then great, maybe it would work. However, that would happen just fine to DPBM without a reverse split, merger or anything else if they pulled up 100M in booty.

On top of that. Most shares given as dividends are restricted for at least 1 year. That means you get to sit around for a year and watch your restricted shares become worthless like Ed got to do this past year and not be able to sell them.

Either way, nothing changes without them finding a lot of treasure and getting it on deck. Except the new way, all of this equity will be tied up in possibly restricted merger shares that no one can sell.