The Bum is Broke
Deep Blue Marine, Inc. (PINKSHEETS: DPBE) President and CEO Wilf Blum announced today that he is preparing to purchase shares in the open market for his corporate account and has committed personal funds to the continued operations of Deep Blue Marine, Inc.
Mr. Blum is quoted as saying, "The future of Deep Blue is very positive as the company moves forward with plans for 2010. I have made the decision to invest more of my personal funds into the company. As of today I have purchased 88,000,000 shares of the company out of the public markets and hope to be able to increase that position in the near future. I have also lent the company over $1,900,000 operationally; to date that is secured by a convertible note.