Thanks for the posts Linda. This is the type of info I been looking for. I wish wilf would have said things like this all along. If this post is honest and accurate there will be no more selling of shares at least for the next 5 months. Wilf stats he will use 500k of his own money over the next 5 months to cover expenses. Also he stats they have used 2 million in stock money thats a million a year which is the max on the 504d. And also he says there willbe no reverse split, so if this is accurate i for one willbe very satisfied. Plus he mentions the share buyback. That is a tough one to believe but i will do my best to believe it.
Comment Author wilf CommentTime3 hours ago
Well come to the shareholder meeting and find out. Actually let me shed some light on this for you. There will be no reverse split, the goal today is the same as yesterday. We will buy back stock with profits from the company.
Now you say what profits?
Well your right today there are no profits, but that is changing. Also I have put in a total of $383,000 (after last weeks accounting) of my own money so far and will continue to add what ever I need to as long as I can.
I have sold some stock and we have a larger float, but I don't know anyother way to raise extra money if and when we need it.
There is a light at the end of this tunnel, and I don't think it is a freight train. I will maybe hace some news at the shareholders meeting,
I'm the sole signing aithority for this company and so if there is a problem here it is mine and no one elses. Here is what I know. We have spent $2,000,000 now from stock sold. Plus I've spent $383,000 of my own money and will spend at least $500,000 more in the next 5 months before we turn the corner. So where does that come from, it comes from the sale of stock, or my pocket. I sold some land and put a mortgage on my office building in SLC we have used that to make payroll for the employees and pay for fule and work in the DR.
I do not take a wage from Deep Blue and also have sold other personal property to keep the boats on the ocean. I can do that legally and we keep good records of it all.
I will keep putting what ever I have to into this thing to make it work, and it is working. There is a lot going on and we are truley in the for front of the industry.
As I've said before, I've made some mistakes, but I think I know what they are and I try not to make the same ones more than a few hundred times, so we should be okay. Just stay with the stock price and if it goes down average your position, if it goes up and you make a profit, take some of it. Never invest what you can't afford to risk.
We are working hard.
Wilf
