Deep Blue Marine Message Board

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Non-Tech : Deep Blue Marine

DPBE 0.00001000

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Nov 7 9:30 AM EST

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To: DPBM4me who wrote (83)	6/27/2006 7:52:54 AM
From: Richard Mazzarella	Read Replies (1) of 210

DPBM4me, I'm glad you are such a happy camper. However happy campers can have a bad day if a grizzly bear jumps them from behind. The potential "grizzly" here may be that Reg-S that Wilf mentioned in his press conference. "Lloyd’s of London", don't make me laugh. It is most likely a Reg-S from some slimball in Israel that both the Israelis and the whole of the western world hate more than the Arabs. This is the game: Some slimeball puts up a few thousand dollars and buys a convertible debenture, Reg-S, that allows conversion of his dept at some deep discount into shares at any time. They convert some shares and then dump the shares on the market to drive the price down, and then do even more share conversion. The really greasy Reg-S operators may even first short the stock (foreigners can short US penny stocks) to drive the price down and then replace it with converted stock from their debenture. They may even have a sidekick in the US that is a market maker which is willing to naked short the stock to create stock weakness. It all depends on the details of the debenture which we have no knowledge. Wilf told me that the stock price erosion wasn't a Reg-S. However, sometimes even the principals of a new public company don't understand the risk in Reg-S until it is too late and they lost or destroyed their company. Since Wilf already told me that the weakness wasn't a Reg-S, you could do this message board a great service by asking Wilf to explain the details of the Reg-S and communicate my continuing concern for a potentially floorless convertible debenture. Regards, Richard

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