DPBE was run by SEC sanctioned Wilf Blum - In the SEC administrative proceeding it states Blum was permanently prohibited from serving or acting as an employee, officer, director, member of an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person of such investment adviser, depositor, or principal underwriter.
It’s interesting that now his son-in-law, Cowhen Eggli, who was an officer of the original DPBE, appears as an officer of the “new” DPBE.
And Blum’s other stock, NRPI, has yet another Blum son-in-law, Matthew Palmer, listed as an officer.
Combine that with the string of fake reinstatement/SOS filings we’ve seen used to manipulate other stocks - CYAP, TRSI, SWVI, SMEV, SIMC, PEII, TSTS, BLLB, etc and I think the only assumption people can make is that it is fake until proven otherwise.
DPBE has been a dead company since 2014. Their website is expired. Then you look at some of the people that had loaded DPBE at $.0003 going back several weeks ago and their connection to multiple past fake stock manipulation schemes and there is lots of reason to suspect the reinstatement was fake.
DPBE does use a new address at the NV SOS does list a couple of new directors - Paul Gardner and William Glodowski so it deserves a closer look before making a final conclusion.
I’ll try to keep an eye on this and see what I can discover. I’ll try to reach out to the old officers to see what response I get. I’m very limited with my time/resources for another week but I’ll do what I can.
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