Deep Blue Marine (DPBE)

[Gregory_]

Wilf said the dilution will continue until his land is sold. ~30 days for that (and property sales do not always go through). He also confirmed that they are limited to $1,000,000 in sale through 504D. So, one way or the other, it should stop some time in the near future. However, Wilf mentioned that he sales about 1,000,000 shares a week (if I recall this correctly, correct me if I'm wrong, guys). That would be about 4,000,000 a month. Therefore, I would suspect we could continue selling this year, if we had to, for several more months. He needs about $80,000 a month to run the company (which translates to about 1,000,000 shares a week at around $0.02). Also, Wilf indicated recent issues with the sale of stock (selling into the news). This was indicated on the call to be as recent as 3 weeks ago. Apparently, 3,000,000 shares were sold to an entity (MM of some form, it sounded like). This entity then turned around and battered the stock in the recent news posts. Wilf recognized this and indicated that they will not sell to that individual again (or, at least, they have picked a new avenue to sell shares).

I hope this helps.

L8r. :)