hard to believe, but
I bought in again this morning!
Okay bears, tell me if I am off on this thinking.
Wilf finally did somehting this weekend that worked. He bought silver and gold at low prices, from people who came to the hotel. He will melt it down and sell it for a profit. Shoot, that is what we've been asking him to do for a LONG time. Find SOMETHING that will generate a PROFIT. Or even just REVENUE.
Do I think he really bought stuff this weekend? Absolutely! I've seen those hotel gigs before. The lines are amazing. I don't know WHY people sell so low, but they DO. So I bet he DID buy lots of gold and silver.
If Wilf can do this and make money, then the company makes money. Then, he doesn't sell more shares, doesn't continue to dilute, and most importantly, has money to do things he has promised for a long time. He can use 1/3 of the profit to buy shares in the market. I think he WILL do that, as these are shares for Randy, Billy, etc. So buying pressure will probably start to happen in about 2 weeks. That is a good thing for the stock in the short term at a minimum. Will it continue? I don't know, but it should happen ongoing, which will make it good intermediate term too. Next, the company shows some profit - AND some gold (1/3) in their storage. That will make the books start to look a lot better (When they are opened at some point).
I see this as Wilf finally finding something that WORKS. Granted, this means DPBE is a gold buying company, from hotels, not a treasure diving company. This will be our main revenue producer AND our main money maker. But, it will support the diving, and we'll continue that branch of the company too. I'm not saying that will go away. Just this will be the support for the company.
So, with revenue starting to come in for the first time EVER, and with the company taking some of the profits and buying shares in the open market, and with dilution stopping since they won't need to sell more right, put them all together and it sounds like a short to intermedieate term opportunity to me. So I'm buying again. Done a fair amount of buying already this morning. (I didn't tell you before I decided to buy, but I do disclose that I am buying) As always - it is a high risk. But I've been right over 50% of the time on my plays on DPBE/DPBM so far, with a few more gains versus lossses on the company overall. And if this time it turns out that what he is doing is true, and they do this over and over again, I think I may hold 10MM shares of what I am buying for the LONGER term. See if it goes somewhere. Even if he then does a reverse to get the price back up to something nicer, it would be for pricing issues and market requirements more than for dilution like the last one.
Lots of "ifs" still. But I think this gold buying thing might be the start of something good.
As Aragon said to the ghosts in the mountain ... "What say ye?" Anyone else that's been skeptical at least seeing some potential in this new endeavor?
AI
