Deep Blue Marine (DPBE)

[Gregory_]

Old DD from 2007 I did. Tried to warn everyone a long time ago.

(See original post to which I just replied.)

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Deep Blue Marine (DPBM) CEO Wilf Blum has an interesting quadrangle of companies working together.

First, he is CEO of DPBM, a public treasure hunting company. DPBM chose Stock Information Systems (AKA SIS) as its investors relations group. Wilf owns SIS (website went down a few weeks ago, http://www.stockinformationsystems.com ). That's not so bad... but wait, it gets better. Wilf is also private owner of Alexander Lindale, which sponsors public companies (helps fund them). Alexander Lindale VERY likely received discounted shares to provide "funding" for DPBM. Alexander Lindale's old website has now disappeared (in July/August, http://www.myotcbb.net or http://www.myotcbb.com ). Before it vanished, it had DPBM as one of the sponsored companies. In addition to all of this, Wilf also created another company called Marine Equipment Leasing and Recovery. Apparently, Wilf bought boats with shareholder money and then somehow transferred ownership to his private Marine Equipment Leasing and Recovery company. PRs from 2006 indicated that DPBM bought the boats and not Wilf personally. Even if he did somehow originally purchase the boats with his Marine Equipment and Recovery company (his own money), for over a year now, DPBM leased these boats from him through that company.

Rumors are flying around, supposedly Wilf is saying that he doesn't care what the stock does because he's already made enough money to retire off of it! Another rumor is that Wilf has boasted he gets a huge tax write off if the company goes under this year (year 2 of operations). Of course, these are just rumors. Therefore, they hold no weight. However, what does hold weight are the numbers. DPBM is totally diluted. If I recall correctly, there are only 5 million shares left to distribute from the 500,000,000 A/S (494,923,790 O/S).

My hunch, and it is just that as this would be impossible to prove, is that Wilf sold tons of stock to his private Alexander Lindale company at a discount and then shorted DPBM into oblivion.

Relevant posts:
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=22547028&txt2find=alexander

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22544000

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