My take on the CC and MATH
On Aug18ths CC Wilf stated that there was $650,000 dollars raised in the 504D which allows for 1 million dollars a year to be raised. The float was 225,951,707 on Aug 18th. Less then 1 month later Sept 12th the float increased to 256,151,707. That is a total increase of 30,200,000 shares.
Aug18th $650,000 raised
Sept12th 30mill x .008 average= $241,600
This is right at $900,000 raised so far. That leaves $100,000 total maximum left that can be raised. With the looks of the sells I think there has been possibly another $30,000 raised if not more. Someone could call the TA and get new float counts and we can even get more accurate.
So that tells us that the selling is or has to almost done if Wilfs wants it to stop or not. So this could be a good thing only time will tell.
As far as the financials Wilf stats there were alot of holes in the books. Wilf stated as of June of 07 that they have spent $1.9 million $1.5 million in stock our money and $400,000 of his.
If you do the math deepblue has raised 1.9 million plus in stock they have used 1.5 million in the company. So that leaves the company with about $400,000 dollars extra. So they should have alot of money in the treasurey to go on. But im guessing this is a bogus number. I honestly don't think Wilf has put $400,000 in the company. I think he is going on almost 100% investors money. Otherwise there is alot of money missing. I might be slightly off but I know im close.
I just think its funny how they stated that 1.9 million has been spent, and that is about the exact number of how much has been raise so far. Im guessing that they are low on money at this time and that is why we saw more selling Monday. The funds are not adding up and this is why there is a big delay.
If you were to add in all the stock selling plus all Wilfs $400,000 plus the new 2nd mortgage, and his claim of $75,000 a few weeks ago there is alot of money missing. Can anyone help if im off some here. But also what happened to the $850,000 property sell and buying of the 75' boat etc.
What happened to the shell talk?
How many times has Wilf said 2 weeks? Is that is favorite thing to say. What happens in 2 weeks when he gets back and Jim Cross hasnt shown up. And he still didnt find anything of value in the DR?
How can the company do a stock buyback with selling artifacts and save all the gold and silver? How can he do a stock buy back and have enough to run the company on selling artifacts only. Does this guy even think before he talks or does he just say what he thinks investors want to hear? I would pick the later.
My impression of Wilf has not changed he is so full of hot air it is shamefull. While he is out on his family outings playing golf enjoying himself he is ruining many families lives. This guy should be so ashamed of himself. But this is how evil works. For him to continuosly lie to investors over and over is sad.
AI
