Deep Blue Marine (DPBE)

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Good find JEFF K

I especially like this

Odyssey Marine co-founder Greg Stemm doesn't see the upstart treasure hunters as competition. "All you have to do is look at the management, staff, track record and experience in the field to realize that we operate in a much different world than they do," he said in an e-mail. But the newcomers are marketing themselves aggressively, and none more so than Deep Blue.

Blum, 55, has struggled personally in recent years. A real estate agent and land developer in Utah, he tried to capitalize on the "Y2K" pandemonium in 1998 by cofounding a company that made diagnostic software. Blum forecast that publicly traded Commercial Concepts Inc. would rake in $10-million in 1999; instead, it did just $260,000 in business. Blum resigned as president and chief executive. A subsequent shareholder lawsuit cost him $25,000.

In 2002, Blum filed for Chapter 13 bankruptcy reorganization, claiming nearly $150,000 in business-related debts and only $4,000 in personal property. The case was dismissed after he missed two monthly payments.


And this is the track record of our great leader? Gotta love that.