I’ve read the most recent set of UNAUDITED dpbe financials. I have a few observations regarding them and a few questions. Before I start, the most obvious question that has been asked several times but met with no answers is:
1. Why have the shares that DPBE management promised to return to treasury, not been returned to treasury as of this week?
This was the pr of November 10, 2011 which read in part:
Deep Blue Marine, Inc. Recovers More Coins From Contracted Site and Returns Shares to Treasury By way of announcement, Deep Blue Marine, Inc. has made application through the transfer agent to return 166,666,666 shares to the treasury making a total of 333,333,332 shares returned to the treasury.
Observations concerning the Sept. 30, 2011 balance sheet are:
1. Where are the ORRV shares?
2. We have an entire new group of liabilities including but not limited to: (approx amounts)
Atty WJS and associates $15k
will rawson $35k
bill and his crew $9k
Bradley Simpson our IR and (evidently now) attorney $16k
Gem Pro $30k
Alejandro Selmi $14k
Assorted new liabilities of $380k What are these for? Are they back pay? Salaries? Loans?
3.wilf blum’s company, alexander lindale, was paid down $243k by dpbe, yet of all the other long term liabilities increased.
Some by over $100,000.
Why would only alexander lindale/wilf blum get paid back if some of the employees are now on the liabilities list as well? Shouldn’t the working men/women/crew be paid first?
4.Did we drop our disability insurance? It’s listed as an expense in December 2010, yet not in September 2011
5. I see we sold 4 LLPs for $105k? Wasn’t the projection $2,000,000? If so, we are significantly down on this one.
6. What about the Gold buying spin off? Wasn’t that done to generate funds? Yet it seems there is a $6.6k loss on the 2010 P&L and nothing listed on the current one. What is the current status of that operation?
7.In Dec 2010, a $196k expenditure for the museum is shown . However on the P&L of Jan thru Sept 2011, it shows a TOTAL museum income of $989. Can that be accurate?
dpbe ceo/president randy champion posting as champardirector please do clarify.
We are all STILL waiting for a dpbe management response to MANY ADDITIONAL points brought up on this thread.
