Deep Blue Marine (DPBE)

[Gregory_]

I don't believe he said DPBM should dump the DR contract. His point was that DPBM should focus its efforts in our best possibility for quick ROI, specifically, in his thoughts, the deep site at Woman/Kirby Key. He expressed concern because at 1.5 cents a share (which it appears is where we are headed considering this latest news), we have to burn 5,333,333 shares A MONTH to run the company ($80,000 / 0.015 = ~5,333,333). On top of that, I guess we are purchasing a few boats. For some reason, I want to say that was $200,000+ (I hope I'm wrong, can someone confirm?). That's another 10+ million shares alone. As of the beginning of may (2 months of 1 million shares a week is at least another 8 million shares down the tube... on top of whatever undisclosed expenses are out there as well), there were ~45 million shares outstanding. Wilf put in another 50 million of his own shares recently (supposedly, we really have no proof of this since DPBM isn't a reporting company) because, clearly, we were cutting it to close.

The whole point Ed and many (not necessarily me) are trying to make is that we are RUNNING OUT OF TIME... and FAST. If the PPS goes much lower, and it takes 10,000,000 shares a month to run the company... my God, I don't even want to think about it... best probably to do just that.