Deep Blue Marine (DPBE)

[jrf30]

Ed,

<<jfr30, or anyone that knows, Since DPBM did their reverse split today. Does that mean that the new company DPBE, now has 500 million more shares to sell to pay for expenses and family diving vacations ?
>>

Close. It means they have 400MM shares to potentially issue. They had 500MM to start, did a 1 for 5 reverse, which dropped all the existing shareholders that used to own 100% of the company to 100MM or 20% of the company, and kept the authorized at 500MM, so that leaves them 400MM to issue anew, if they so desire.

I feel they "shall" desire that in the near future.

And for the one that posted about if a treasure is found we will not get it as shareholders anyway, that is now true. ALl the shareholders now own only 20% of the company, so whoever buys into the next hype will get the other 80% of the company and any treasure.

But only 400MM to sell Ed, not 500MM>