Deep Blue Marine (DPBE)

[jrf30]

Billy,

I'm going to jump in on this conversation, and just bring up one thing that you just said. <<I do like the idea that we are not selling what we found. We will be displaying them in the museum. And please let me explain why i think that is better. >>

The point many people are making is that for three YEARS we were told that "there may be gold on this ship" and "the artifacts are one of a kind and rare. they are valuable. Don't say that just because they are artifacts and not gold treasures that it is worthless. We will sell these artifacts for MUCH MORE than you think. Some for more than we would get for the same weight in gold" and things like that.

We were TOLD that we would sell the artifacts and recover money. We were TOLD that they were valuable and we would do well when we got our split. To hear that the split will not be sold is maybe to have a better idea, but for many it is to have a DIFFERENT idea. different than what we were TOLD. And that's the point of contention. To "me" that means that the hype of selling them at such huge amounts did not happen and were ... well "lies". Meant to be or not, they turned out to be that way. The REVENUE that was PROMISED from the Scipion will now be spread out over many many years from little monetary dribbles from the museum, instead of a sale that was TOLD us would happen.

I hope you see my point. Personally I LIKE the museum. But the point is that we are always told one thing and then something else happens. I wish we could put SOME of the artifacts in the museum, and SELL the rest. Remember when we were TOLD that the investors would be given first shot at buying those artifacts? I remember that! I wanted to BUY something! Now it will not happen.

It has to do with someone's word Billy. YOur word? I believe your word to be GOOD. You have shot straight and said what was happening, and that is good. But the investor relation leader, known also as the CEO, has lied to us, IMHO. Told us over and over things would happen. I"m not going to go into the specifics. Others will rain down facts if you want them to (pun intended. Remember that one?) There's been LOTS of things said. And they too often don't come true.

I have saved written replies from the company saying that the first division would be coming home in late 2008. Then we'd go back for more in 2009, but we'd be able to get some revenue to not have to sell stock in 2009, because the revenue from the artifacts would allow us to not dilute the stock. Billy, that never happened, and the stock WAS diluted. HUGE. It was only about 4 years ago that we had 100MM shares total. Now? Well, we took that 100MM, raised it to 500MM by dilution, because we had no revenue, (hence why it was IMPORTANT to GET the division and SELL some of it!) then reverse split so that it went back to 100MM (And anyone owning 10,000 shares now owned 2,000 shares) and now we are back close to 500MM shares again. How did that hurt shareholders? If before you owned 10,000/100,000,000 of the company, now you own 2,000/500,000,000 of the company. THAT my friend (said truthfully, not sarcstically) is DILUTION. But again getting back to the point. If the artifacts were sold in 2008, that dilution would not have happened. And it was SAID to be going to happen. INvestors RELIED upon those statement in making investment decisions. KNowing the company woudl have revenue, and potential protfits, made ME buy more shares in 2008 and early 2009, and then when it did not happen that HURT my investment. So I was hurt by statements that later were not true. And now you are saying it is good, but you see why investors re grumping? It's not whether it is good or not - it's what it meant after being told the OPPOSITE by the CEO.

There was a statement that people would be able to dive witht eh company, Exuctive Escapes, and would PAY to do so. (I called.)That would fund the operation for 2008 or thereabouts. That never happened. There was a statement that we were buying gold on the weekends. that was going to bring us to profitability, even after 1/3 was siphoned off for the employees (which I approved of and appluaded as worth doing. Still applaud!). That fizzled. We had contracts in fresh water that were going to pay for operations. Never happened. So we have been told things, and told things, and TOLD things, and they never happen.

So when you mention the museum, it rubs me wrong NOT because it is a museum, as I like the idea in general, but because it takes that REVENUE we were told would come in 2008 and 2009 and takes it AWAY from us for now. Revenue is what allows a company to not dilute MY holdings down from 1% of the company (10,000/100,000,000) to 0.04% of the company. That's a MAJOR change in ownership, again called DILUTION. Think of a stock going from $1 to $0.04. Is that a good investment? Of course not. Yet that is what the dilution did to ALL investors because even if we DO find something, what was 1% of that total is now 0.04% of that total. For every $1 per share owned it might have brought, it will now bring that investor 4 cents of the find. See my point?

I Know you are a diver. A captain. Thinking in stock terms is not your forte. NOr should it be. But that hurts all investors in the company. And having it happen because we werwe told one thing and the oppostie happened? that's not good of the company. Their word. Not yours, but Wilf's. It has been wrong way too often for a CEO. I know you say things based on feelings for him, but if you look at it as a shareholder, not an employee, I hope you can see the damage done to ALL of us, and why some are so angry. fair enough to ask?

Anyway, that's the point most investors are trying to make. That they have been told things over and over again but those things never happen. Things that would turn the company around, but then become not reality. We want reality in the STATEMENTS made. We want ... Captain BIlly to run the PRs. At least we can BELEIVE them that way.

I know this was long. But does that show why some of us are frustrated? Told one thing, then another happens. That's just not right. Not when the stock goes from 30 cents to 3/10 of 1 cent - AFTER a 1 for 5 reverse split! YOu look at it differently, as a company. We look at it as a stock. As a company, you should like that Wilf is doing what he thinks is right. As a stockholder, his starts and stops leave much to be desired andhave hurt us tremendously.

Enough.

Be well Billy. Find us something better to work on, and let's get it back to 30 cents. (Which would only be like 6 cents thanks to the split. But it's something!)