Replies to post #19243 on Deep Blue Marine (DPBE)

[ssb73q]

Hi Tina, over the last 20+ years playing pennies, that PR is the most wasteful piece of business news bandwidth I have ever experienced.

A PR to say they talked to an attorney? Nonsense.

IMO the sooner Wilf goes to jail, and/or DPBE goes Chapter 11, the better for the reputation of all penny stocks.

Regards,
Richard

[Jeeper]

Moving to OTC/BB will improve DPBE’s credibility but I would rather the company wait until the stock is in better shape. No senior board will list a sub-penny stock, so moving up would require another R/S. In addition, listing and reporting requirements are extensive (read expensive) and I think the company’s limited resources are best focused on salvage operations.

[justanotherbrex]

I am in the process of bringing my company public and can comment on this.

For your information, I do not have DPBE stock nor do I intend to buy. I read some of the messages on this board because I have noticed a link between GB and other garbage issues.

It's nearly impossible for a pinksheet to go to the OTCBB (I am bringing my company directly to the OTCBB as we just completed our DPO). The SEC/FINRA will scrutinize past share transactions of DPBE and that could hold it up forever.

The company would need to pay for audits (expensive) for the past 2 years and be _able_ to pay for audits every 90 days.

They would need to comply with Sarbanes-Oxley which is expensive.

If they were to attempt to proceed to the OTCBB then they should have no difficulty in reporting who is handling their legal and who is auditing them. My shareholders expected this information, and received it.

The whole point of going to the OTCBB is to be more transparent to the shareholders. If that's the case then DPBE should be a heck of a lot more transparent now.

In all reality, if they haven't had revenue in the past and can't demonstrate revenue now then there is no point in DPBE burning capital to be on the OTCBB.


"Wilf Blum, President and CEO, said, "As the company has become more and more successful it is only natural to move it to a more senior exchange. It is certainly in the best interest of the shareholders and also will provide a much greater window for the shareholders to see into the operations of the company.""

My comment of the day: There is nothing preventing Wilf from disclosing the financials now, and for the past 2 years. Companies move up when it makes sense and _WHEN_ they can post material agreements, profits, and other major positive changes that make them highly desirable.