Deep Blue Marine (DPBE)

[Gregory_]

I'm not sure. Here's what it sounds like. The CEO also owns an AMEX company, and he has fallen in love with DPBM and the shareholders (this is hard for me to believe). Therefore, he is willing to use his AMEX company (supposedly trading at $3 a share) to buy out the smaller pink sheet, DPBM. The expectation is that everyone will receive 1 share in the AMEX for every 50 shares in DPBM.

I think most people agree it isn't sensical. However, the only thing that makes sense is that the CEO is trying to prevent himself from getting a bad name and enraging many shareholders.

Just not sure I buy it... (heh... literally)

I should also mention that the plan is to R/S DPBM after the merger. My sense of these situations is that the R/M never happens, but the R/S always does.

One thing I should mention is that if the CEO really is trying for the merger for the above reasons, that is quite powerful. Just doesn't seem likely...