Deep Blue Marine (DPBE)

[jrf30]

I can give a guess.

<<I'm just curious...can anyone tell me what would happen if the company was purchased and made private?>>

If someone bought the company, they would probalby start by acquiring shares in the open market, since this is a pink. ON a larger company they might go straight to announcement and price talks, but on a pink the premium is normally higher so they want some lower shares. they would add until it is time to file a form 4 (been there, done that. sucks). At the time of filing the form 4 they would have to state their intentions. Then, the deal would probably be announced and the stock price woukld rise. If the eal were consummated, it would be taken private. If not, it would fall back. Many sell upon the news, since it could fall bak. Some hold and get what the offer is, and sometimes a third party comes in and bids it higher. I would think that before any announcement were made on DPBm that they would talk to Wilf and get his support. So, then the deal were announced, it would have management approval and all of wilf's remaining shares would vote for it. It would pass, and happen. WIlf wouold move on to other endeavors, since his love for THing may already be satisfied, and the new team woudl take control of the company.

Then they would burn our infamous dry docked deep scan and start over. Ohh, that one was extra. LOL.

That's how many PINKS are bought out.

So B, you working on a consortium for a play? Email me if you are. I think a play could be done for much less then FMV and the returns could be decent. I'd have no interest in a lead though. Just supporting player. Working too many other things right now. You have my email.