Deep Blue Marine (DPBE)

[jrf30]

brez,

I hate to step into this fray, just because it is so muddy in here. But, there are a few things in the your post that I can respond to for clarity.

If the Outstanding shares (OS) goes up by 175 million shares, then it DOES mean that "Wilf" is selling shares. Yet he says he is buying. How can both be true? LIke this.

When rooster says Wilf is selling shares, he is using a generalization that is accurate but not 100% true. He means the company is selling shares. On the other side of the coin, Wilf may be buying shares PERSONALLY on the buy side. So, Wilf can be right in saying that he is buying 2 million shares. On the open market. For himself. As a person. But, he is then selling 100 million shares at the same time, as the company CEO, for the company. that's how the OS jumps. that's the ONLY way the OS can jump. If the compnay issues more shares.

As a matter of fact - if Wilf was selling "wilf's" shars, the OS would remain the same. It would just be a transfer of shares from one owner to another owner. (And I don't think Wilf fills out the SEC required "form 4" when he buys or sells either. Another SEC rule he might be ignoring, which could hirt us in the future)

Anyway - you both are right. But rooster is talking about Wilf the CEO, and you are talking about Wilf the person. Unfortunately, Wilf the person buys 1/100th of what Wilf the CEO sells in the same time period. And so we hit new lows.

Does that all make sense? I'm trying to not put hardly any opinions in this post. Just an explanation of how Wilf can be buying and selling at the same time, to reconcile your posts with rooster's, and get some facts out there. So the answer is that the company IS adding to the outstanding shares, and "selling" them (Most are put out as collaterial, if what Wilf says is true ... and I don't know that I turst that) while WIlf is buying a small amount for himself at the same time.

What gets rooster going is that Wilf says he has money coming in to run the company, then as CEO sells $875,000 in shares "yet again", all the while saying that it takes about $100,000 to run the company for a month. Wilf's numbers don't add up. And we started 2010 with 500 million shares. Now we are nearing 2 billion shares. That means that no matter WHAT you owned on 1/1/10, you now own about 30% of that amount now. AND at a lower price, so it's even worse. But when the valuables come up (And I am now a believer that they WILL come up) we the old shareholders will share about 30% of what we would have shared in them just 12 months ago. Another area where both sides are right. Deepblue gives pom poms to the treasure, saing it will come up. rooster and can say Wilf is destroying the shareholders. IN reality, when the treasure gets divided, the old shareholders will get such a small portion of it that it won't mean what it would have meant a mere 12 months ago. Meaning the dollar party may be a dime party - IF the treasure is big. Becasue of the dilutionm. the treasure may be the same, but with more shares to split it into, the effect and benefit for us shareholders is much less than it would have been. Again two sides of the story, both correct, and both opposite. One person is talking about the company, and one is talking about the stock price. I believe the company will do well, but the sahreholders ... may not do as well (Okay, that too is an opinion sentence) However, to be fair in disclosure, yesterday I bought 1 million shares of the stock, adding to my position for the first time since October. I feel that the shareholders WILL get screwed, thanks to the CEO selling so many shares (As opposed to the "person" of Wilf buying shares), but buying at 0.0013 yesterday means if it goes to a PENNY I am up 600% or more. An i STILL say it is a RISK, even to hope for that. Because (another sentence of opinion) I feel that Wilf has diluted us WAY too much, and I have given him some ideas for NOT doing it so much, but he has different thoughts. And it is HIS show, so he does not have to agree with how "I" would do it. Anyway, that's enough. SOme thoughts and facts on how you can be right, but rooster is also right ... and he can say for a fact that Wilf the CEO is selling, even when you hear Wilf the person say he is buying.

Make sense?

later ... Be safe Billy and crew. Merry Christmas to all on the board, and within the company.