Replies to post #12607 on Deep Blue Marine (DPBE)

[capted]

-B, I'm sorry. I thought everyone knew. That's what I get for assuming.

On Jan 6th of every new year ( The anniversary date of the start of DPBM ) The company is allowed to issue itself enough new stock to be able to sell for $1 million dollars during the next year for opereating expenses.

So I guess the answer is yes the float will increase again next year. It has nothing to do with the restricted stock that has already been issued.

I think he has to do it, unless he is going to finance the whole operation with his own money.

That's why I thought you would ask him, how much he expects to make from the reality TV series for the year, the sale of artifacts from the DR. etc... to cover that $1 million dollar figure for operating expenses. If the company has other
avenues of making money, then I am sure that they won't have to sell as much of the new stock that they are going to issue the company at the beginning of 2008.

[Smendt]

A related question is when do the shares become unrestricted??? And who holds the other shares??