Deep Blue Marine (DPBE)

[jrf30]

Thank you Max,

Now, let me point this out too.

Making posts on a company website that is password protected, and stating things of importance (Like "we are making recoveries") is a very grey area.

Why>?

ONLY because the SEC says that it is not a public forum. Many can not see it. It is not a general press release. it is not open tot he public, since it is password protected. So ... this too could be considered insider information that is being disseminated to "certin Insiders" (those that have the password and can get on the site) and done in a way which is contrary tot he SEC rules.

And you know what?

on that point, I agree with YOU AND WILF. I think the SC is over agressvie on things like this.

But, even though i agree with you and Wilf that it could be put there, that doesn't mean it CAn be put there. that make sense? It makes sense as a logical thing to do. It makes sense even by using the prudent man reasoning that is so often used as a defence in these situations. And the prudent man regs are very important. But, it still is probably not allowed by the SEC.

there are a LOT of things I don't like about governement agencies. they are CRUSHING small business. And the SEC, along witht eh IRS and EPA (The worst) are terrible. But, the rules still ARE the rules. The reason you don't see other companies doing what Wilf is doing is because even though it SOUNDS good, they know that it is too risky to do, and hte SEC might come down on them. WIlf? He doens't CARE about whether the SEC rules prohibit posting material facts on a closed website or not. He has SAID so in his blog in almost those words in a reply to ME. He thinks that is stupid, so it no longer MATTERS to him if it is against he rules.

And that attitude will get this company in trouble.

So although I gree that he SHOULD be allowed to post there, I advised him NOT to, because "should" and "legally can" are two different issues.

And I sepnd a LOT of my time looking at where companies can get in TROUBLE, not where they are doing well. Because THAT is where investors get bit in the bottom. They support the CEo all the way to non existance of the stock. Been there, done that. Lost LOTS.

Thakns for replying though. I'll looka t the blog, as I haven't in a few days. PLus I have to get back outside, and finish some yardwork.

Jrf30