Deep Blue Marine (DPBE)

[jrf30]

I can answer that.

<<Someone please help me understand cause I don't see the point of the reverse split, no authorization for additional shares, name change, symbol change, etc.
The reverse split will give everyone, including DPBM, 1/5 the amount of their current shares and theoretically increase the per share price x 5.
How does that generate any revenue to fund operations? How does that keep the company from going bankrupt?
>>

It means that the 500,000,000 shares that are now outstanding become 100,000,000. And with teh authorization still at 500,000,000, it means that Wilf can sell an additional 400,000,000 into the market again.

Thereby dropping the price of the NEW 500,000,000 (It may take a year or two to sell them all) back to sub penny.

That's the goal though. TO open up the ability to sell an addional 40,000,000 shres.

PUt anohter way, ALL the holders of the comapny right now, including Wilf and us and the past restricted shreholders. ALL of us ... will eventually only own 20% of this company. New people, who haven't' even bough tin yet, will own the other 80%.

Makes those artifacts being split up equal less for our share all the time.