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Non-Tech : Deep Blue Marine -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (160)	2/23/2008 6:40:39 PM
From: Jack Russell	Respond to of 210

CommentAuthorwilf CommentTime1 hour ago Hello folks: GMA actually did a pretty good job for us when you consider how their hands were tied by what they could and could not say, And then add to that Fishers pulling out gold from the last 20 years, We were treated very well. But on to the Deep Scan and such. IT will be in the water again within 2 weeks. It will be finished this week, but we have a $23,000 dry dock bill to pay and I will not splash it until it's paid off. I thoiught it more important to spend our money on the Tracy and teh DR. I will give the Deep Scan crew a 2 week holiday when the last dab of paint is on. It will not be going to the DR. It is going to stay in KW and do the MAG work there. All systems are up and running so it will do a good job. We have an offer on the table for that boat now and it is a good offer, one that will make a lot of sence to the shareholders of Deep Blue (I think) There will be a PR on Monday morning that will out line the offer. Also there is some bad news comming down the pipe. I'm going to apply for a reverse of 5to1 on the stock. I know this sounds bad, but I want you to hear it from me and my side before the PR hits on Monday. Since the PR is going at the open of the mmarket, and the market is closed right now, none of you can trade on insider information. SO here it goes::: We have hired a company to run the KW area for us so Deep Blue can concentrate on the DR. We will be there for several years, and I for one can not afford to pay 2 crews on two areas, it is breaking me. As of this week I've spent $600,000 of my wifes and my savings on Deep Blue, I have sold my office building in Salt Lake and I now rent it back, 100% of that went into the new boat, I took out a mortgage on 2 pother pieces of land I own and make payments on those, all of that went into Deep Blue. I also have purchased almost 9,000,000 shares out of the market, which I still hold. My other business is sending in everything it can to support the company, but when I look at the DR and I know a whole lot more about what is happening there than you do, that is where we need to be. SO we are going to contract the KW area out to a company that I know, and it is not Ed or anyone that the shareholders have met. They are a small public company and they have agreed to give us a very fair price for the equipment in KW and also take over the house and the shop plus purchase all the boats there and excess dive equipment. They are paying us in stock of their company, and their stock will be announced at the closing which should happen by March 15th - 20th The shares they are giving us total $5,000,000 which will be paid to the shareholders as a dividend. The shares will be sent right to your account through the DTC and will show up as a position that you own free and clear. The DR contract is very very good and we will be leaving soon. I will not be able to go down on the Tracy, but will fly down once Billy is set up and things are in order there. I know you are all going to want to jump on the phone and call me as soon as you read this, but please understand I'm on the road today, and monday and as such may not beable to take your calls. If you don't get through try again, I will do my best to answer your questions. I have thought long and hard about this, I had input from the board and from the crew before we made this decision, and I did not make it easily. Please have faith that I'm doing all i can to make your and my investment pay off. As far as the $ I've put in go I put it in as no interet loan and will still stand by that. This is not a ploy for me to line my pockets, if it were I would have sold Deep Blue to the new guys, bought the new boat with my own $ (which I have) and went off and left the shareholders holding the bag. That is not what we have done here, you will now have 2 companies that are both working very hard for you. Wilf 801-201-4691