Deep Blue Marine (DPBE)

[jrf30]

Capt Ed,

You write <<On Jan 6th of every new year ( The anniversary date of the start of DPBM ) The company is allowed to issue itself enough new stock to be able to sell for $1 million dollars during the next year for opereating expenses>>

I don't think they can do it in Jnauary 08 only because they have hitt he limit on total shares they could issue. Even though they in the past could do so, they still have to live with the authroized limit of shares. They can't, by charter, add more shares once they hit that.

Of course, if they didn't sell so many over the past 2 years they wouldn't be IN that position of having already used them all, but now that they ARE at the top of the authorized limit, they can't issue more shares unless they change the corporate charter.

Knowing Wilf, he will find SOME way to sell more shares! But, I don't think they can do it the way they have in the past, only because of the cap on authorized shares.

IMHO.