Is it true that as big as Odessey Marine is that they have only 58 million shares outstanding, and we at Deep Blue have about 400 million shares outstanding? WOW! Shows that we have exploited the stock sales MUCH more than they did.
And to think - we did a reverse split when we hit 500 million shares, bringing us back down to 100 million. Everyone said it diluted us, but we were told "No it didn't. We still have the same value. We just have 1/5 as many shares but we are at 5 times the price. Of course now we have about 400 million out there again, and the price is about 1/8 of a penny, whereas before it was over a penny. So much for not diluting us!
It seems, in my opinion, that we have little hope of actually making it in the long run. I'm a seller, and on the next little leg up I'll probably sell the remaining shares i have. I've lost my faith in the company. Again. We have diluted and said it was not dilution, we have said we were going to do LOTS of things and they never seem to happen, and even now we can't get answers as to whether the artifacts will be divided this year or not until next year. PLus our balance sheet shows missing assets (See others' posts about the financials for that) and our income statment doesn't show a DIME from gold buying, which we know (Think?) is not true. PUt it all together and this looks TO ME like a poor run company that has worked as hard as it could on selling stock and spending the money, but in the long run I think we are all in for a bad ending.
I've been a bull and a bear. Right now I guess I am a bear again. the financials depressed me. Not the lack of profits. We knew that. It's the lack of showing things that we were told are true. Where is the asset of the gold bar we supposedly bought? How about the gold buying gold, where we are keeping 1/3 of from each weekend's buys and putting it in our safe? Why do they not show up? WHy does the revenue from the buying not show up somewhere, even if it IS a subsidiary? Why is the stock in ORRV valued at a price that is higher than the market cap of the entire company over there? Too many things worry me. So I'm out again. And shall move the IRA out when i can, as that is the last spot I still own DPBE. SOrry Wilf, but I'm done. The unrealitic financials and lack of answers, added to the past statements that never came true, are too much for me to gamble on from here on out. I wish you the best, but I'm not part of it anymore. I hope you turn this company around. I don't think so, or I'd be in the stock, but I hope you somehow do what you said you would do. I hope all the shareholders become millionaires, and you the biggest one. But I can't bet on it, and don't think it is the future outcome. So go with God Wilf. I wish all the longs the best.
AI
