Deep Blue Marine (DPBE)

[sonofasailor]

All you guys hide behind the "were just realist" motto. However, there is a difference between being real and being a smart aleck(sp?), calling names, bad mouthing the CEO, and just being disrespectful. Didn't your parents teach you any tact, class or simple manners? Or is it OK to say what ever comes to mind and to heck with who it might hurt or what the repercussions might be. It's easy to hide behind a handle on this blog and spout and spew what ever you want, but if any of you were in front or on a live call with the people who are the victims of your verbal arrows, you would probably say nothing or use a different tone.

As far as the company being "doomed" or anyone holding being "doomed" because of the float, remember what Wilf said about buying back stock with proceeds from the wreck. Like someone said earlier 1 million shares at this price is $6,500. If the company bought back 150 million shares at that price, it would only cost $975,000., @ .01 ($1.5M)and @ .02 ($3M). Wilf pledged that he is planning to buy back 30-40 million himself over the next year and a half. The dilution will tighten with a buy-back plan. It does work both ways. Will someone spend some time figuring that out? Also, news of a large find will bring out tons of buyers. When you have a high demand for shares and a limited supply, what happens? When a company starts buying back shares, what happens generally? People see that as an opportunity to BUY! They think, "If the company is buying back shares, then something good must be happening, Right? How many outstanding/available shares are there left?

Check my math, but I think it's correct...