Deep Blue Marine (DPBE)

[Gregory_]

Why do some keep cheerleading?

1. They are paid by some unknown party.
2. They are in denial. Sometimes, it is easier to look away and lie to ourselves about a terrible situation than to "man up" and realize the truth. In some facets, losing everything one invests is such a scary possibility that the individual will not or cannot believe they have lost their money.

Needless to say, the investors definitely get screwed in this new restructuring. The 5 to 1 R/S is the smaller issue. The bigger issue is Wilf's sneaky plan to keep the 500M authorized shares. This is the fatal blow to current investors. If he did a 5 to 1 R/S and left the authorized shares at 100,000,000, the A/S would be what it SHOULD BE after the R/S. Instead, Wilf's plan will screw the investors with the R/S AND, most importantly, add 400,000,000 shares into the market to sell back to his private company, Alexander Lindale, at discount.

If you look at the amount of shares he's adding BEFORE the R/S, right now, that would be 2,000,000,000 (2 BILLION!!!) shares he's adding to the pool for the company to use for additional "funding." For an example of what happens when a company increases their A/S in a bizarre way, check out IMJX.

If it weren't for the 400M shares (technically today 2 BILLION) that Wilf will add to the structure, the 5 to 1 R/S would not be a deathblow. Both in conjunction are a deathblow to today's shareholders, unless a miracle occurs.

There's always hope for miracles. Based on Wilf's apparent karma, however, I wouldn't hold my breath.