Deep Blue Marine (DPBE)

[Gregory_]

Reading this in retrospect is quite interesting... Just goes to show you how foolish it is to invest in anything without legitimate financials...

From this article in October 2007 (before DR):

"Last week we started pulling up coins off of that boat, and we pulled up a lot of artifacts. It's been very lucrative. The contract we have with the government of that country doesn't allow us to publicize the country or the name of the wreck at this point in time," Blum said.

He says the ship and its location have been well documented for many years, but until now no one had the right to salvage it.

"I absolutely know the name of the ship. I know the date it sank. I know what's on it. And we've just barely scratched the surface," he said.

Last Thursday, the company stock shot up 315 percent, more than tripling in value.

"We've spent $1.9 million in the last two years ... but we've pulled more than that out of the water in the last week," Blum said.

Blum says the contract calls for a 50-50 split with the foreign government. He says he's happy about the stock price shooting up. But even Blum says you should never invest money you can't afford to lose.