Blue Diamond Ventures Inc (BLDV): Balamidas, to answer your NASDAQ questio...

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Re: balamidas post# 5142

Monday, 05/19/2008 4:56:23 AM

Monday, May 19, 2008 4:56:23 AM

Balamidas, to answer your NASDAQ question…

Let me first say that you don’t see many opportunities as this one here in BLDV very often where BLDV is scheduled to go from the pink sheets, to the OTCBB, and then on to the NASDAQ. Please keep in mind that the last example I know of that closely mirrors what I think BLDV will do is when CKEC had gone from the pink sheets, to the OTCBB, and then to the NASDAQ. From talking with the BLDV CEO a while back, he confirmed just as I had mentioned them to be doing.

There is a chance that a halt might occur due to pending news, but a halt might not be necessary. I know that CKEC really started its run after hitting .20 per share to quietly increase up and on Thursday, 31 Jan 02 to hit $4.30 per share, but came down to close at $3.46 per share for that day. It then didn’t open again for trading again until that next Monday on 4 Feb 02, but instead of opening up at $3.46 per share, it opened up at $17.75 per share. By then, the market had absorbed the CKEC undervaluation and understood that it was worth far more then the $4.00 minimum bid requirement. This is what BLDV is expected to closely mirror. You can expect our share positions to mirror the example I have posted below:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29385599

Yes, the Institutions had gotten involved from behind the scenes with CKEC which was later revealed, which was the subliminal piece that I think many are not seeing here with BLDV too.

I think what people don’t realize is that when you are submitting an application to the NASDAQ, you don’t do so under the logic that you will be barely meeting the $4.00 per share minimum bid requirement. You are doing so because you know that the $4.00 minimum bid requirement is the new bottom as what was reflected when CKEC had submitted to be listed on the NASDAQ. Later CKEC was approved to be on the NASDAQ on which it trades today and had gone as high as trading over $30.00+ per share back then. It traded regularly over the $20.00+ range for months as more can be helped to research that scenario below:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29097357
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29091429

So, the first step would be for BLDV to merge upwards into the OTCBB stock as what I was told. Then it would have to sit on the OTCBB for a minimum of 30 consecutive trading/business days meeting the minimum $4.00 bid price requirement being met before the submission of their NASDAQ application would be accepted.

Although I could not confirm “exactly” when any news would be coming, I did confirm from someone who spoke to Quincey last week that news should be out any day. I will not go into any details of who this person was. I confirmed that getting to the NASDAQ was the very thing that Quincey was gone working on all last week for closure. I was told that everything was getting ready to come into fruition “right now” by this person. I say this because I hope one does not lose focus on any pending news or lack thereof because of our time frame of what we think in here for when news should be released. We will get news when it’s ready and when it’s time as this is not going to be a “1 day” process. Still, I’m betting that we see news of substance any day now.

The key is to get just a little more confirmation that such is “actually and officially” happening as I was told and I am sure that “more” smart money will see the potential with the smart money that is already here in BLDV now seeing its potential. BLDV is still undiscovered by many in my opinion.

v/r
Sterling

Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29867262