Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
New DMON ihub board link.
http://www.investorshub.com/boards/board.asp?board_id=8811
They did give a 2 year warning.
Diamond Entertainment Implements Reverse Split
1:30 Reverse Split Effective March 27, 2007
New Trading Symbol: DMON
Diamond Entertainment Corporation (the “Company”), dba e-DMEC, (OTCBB:DMON), today announced that the reverse split of its common stock (one share for each 30 issued and outstanding), which was approved by shareholders on March 1, 2005, is effective today, March 27, 2007.
“To improve our current capital structure, our Board has determined that this was an appropriate time for the implementation of the reverse split,” said James Lu, President and Co-CEO.
SAFE HARBOR STATEMENT
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company’s future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company’s partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
Diamond Entertainment Corporation
Fred Odaka, CFO, 909-839-1989
Fax: 909-869-1990
i agree chart looks great. but they may liquidate all assets and a r/s? i show no info of this on etrade though.
*on radar watch today*
1:30 R/S EFFECTIVE TOMORROW:
15:47 03/27/2007 DMEC Diamond Entertainment Corporation Common Stock DMON Diamond Entertainment Corporation New Common Stock 1-30 R/S **
DMEC Chart - I like what I am seeing.
Last filling 10qsb Feb 22, 2007 under
Acquisition or Disposition of Assets
On November 30, 2006, DMEC signed a letter of intent to acquire Rx for Africa, Inc., and all its wholly owned subsidiaries. The acquisition will be made by the DMEC through its new wholly owned subsidiary, DMEC Acquisition Inc. As part of the letter of intent, DMEC received a bridge loan (discussed above) in the form of convertible notes totaling $1,150,000 of which $850,000 will be loaned by the Company to Rx for Africa, Inc. If the board of directors of DMEC approves the signing of the of a definitive merger agreement the Company will receive a second traunch of funding in the form of convertible notes for an additional $1,150,000 to be utilized by Rx for Africa, Inc. DMEC is in negotiation with several potential buyers to sell its existing DVD operations together with all its assets by March 31, 2007 and believes it will be able to sell the business. In the event DMEC fails to sell the business, DMEC plans to wind down the business operations and liquidate its assets. As of the date of this filing, DMEC had not signed the definitive merger agreement from Rx for Africa
I did a search through all their "complete submissions text files" on EDGAR for "potential buyers" and "liquidate its assets" and didn't find anything. I even googled it and didn't get anything.
From where did you get this text:
DMEC is in negotiation with several potential buyers to sell its existing DVD operations together with all its assets by March 31, 2007 and believes it will be able to sell the business. In the event DMEC fails to sell the business, DMEC plans to wind down the business operations and liquidate its assets. As of the date of this filing, DMEC had not signed the definitive merger agreement from Rx for Africa.
Has it gone up the past couple of days because of
On November 30, 2006, DMEC signed a letter of intent to acquire Rx for Africa, Inc., and all its wholly owned subsidiaries. The acquisition will be made by the DMEC through its new wholly owned subsidiary, DMEC Acquisition Inc. As part of the letter of intent, DMEC received a bridge loan (discussed above) in the form of convertible notes totaling $1,150,000 of which $850,000 will be loaned by the Company to Rx for Africa, Inc. If the board of directors of DMEC approves the signing of the of a definitive merger agreement the Company will receive a second traunch of funding in the form of convertible notes for an additional $1,150,000 to be utilized by Rx for Africa, Inc. DMEC is in negotiation with several potential buyers to sell its existing DVD operations together with all its assets by March 31, 2007 and believes it will be able to sell the business. In the event DMEC fails to sell the business, DMEC plans to wind down the business operations and liquidate its assets. As of the date of this filing, DMEC had not signed the definitive merger agreement from Rx for Africa.
Don't know if this has anything to do with it or it is a p&d
time will tell only a few more weeks left in march.
Still trying to figure that one out. It was done through its new wholly owned subsidiary, DMEC Acquisition Inc. Just the name of this new company tells you what their plans could be. Acquire other business in any sector that may prove to be profitable ?
Only question I have is what does the following mean to us :
DMEC: Immediately prior to the acquisition, DMEC will have 800,000,000 issued and authorized shares outstanding. Subsequent to a 30 to 1 reverse split, 26,666,667 shares will be issued and outstanding.
http://www.secinfo.com/dV3p8.v2v6.6.htm
check this out :Diamond Entertainment Signs Letter of Intent to Acquire RX for Africa, Inc. company in ethiopia involved in aids drugs etc.
Look at the Chart. Looks Great !!
.022 New 52-Wk High !!!
DMEC got to be the best rolling penny stock I have ever been in. You can't lose in this stock. No matter how much it tanks it always manages to go up again unlike others. It may take years, patience is key. 5 stars for dmec king of the penny stocks. lol
Nice base forming.
Go baby !! .017 +31% .0175 is next
Go baby !! .016 +23% .017 coming
LoveAGain..I've been in since 2000. The Dip this year wasn't near as bad as in 2004. Been holding steady the last several months. Wish something would happen to light a fire under it. I just wish I would have loaded up with more when it was at .004 back in August. Sure wish I could see into the future. Last couple months volume has been interesting. None today so far. chart looks good. Still above 50 SMA.
GO DMEC !!!
Been holding dmec for a long time now and finally waking up.
DMEC and GCCP are my babies.
DMEC (.017) up .004 last 5 days. Up .013 since August of this year. Chart looks good. I think this could be the beginning of a nice long run into double digits. IMHO.
It's this stocks time. Somebody knows something. I'm thinking big news is coming related to Amazon.com sales and more.
DMEC (.014) 52-week high. Tomorrow .02+. IMHO
How about Today's trading !!!!
Up almost 100% last 2 days on good volume for this stock as of late.
With the DOW fast approaching 12,000, I think it is a sign to investors, especially pennies, that the market is coming back. I think we will see this kind of thing out of a lot of penney stocks. Good time to be in DMEC and others like it. IMHO.
DMEC may finally be getting its act together. Nice close!
Well, up to .025 last time I checked the price.
Had a sell order in at .01 for over a month and changed it Wednesday to .012. This morning I went to cancel that sell order as it still showed open and as soon as I hit the cancel button those few shares I had up for sell were taken. Didn't do to bad as I got them at .002 last year.
Maybe this is the beginning of something much better for DMEC. Only time will tell for sure.
GLTA
Gary,
Well, it sure would be nice to see this run. Don't know if it will or not but I am holding just the same. At least they are trying to get caught up on their filings.
GLTY
Seán
On June 27, 2003, one share of the Company's Series B Preferred Stock was converted into 7,692,308 shares of the Company's common stock at the conversion price of $0.0013.
I believe Mr. Lu is going to try and become reporting and on the OTC but almost 500M shares out and millions more available in the prefered.
Maybe it will run ...
Gary
Any thoughts on this filing?
Thursday, February 19, 2004
$ DIAMOND ENTERTAINMENT CORP filed a SC 13G/A filing [at 10K Wizard] 5:19 PM
Does anyone know what is going on with this stock?
Will it ever rise from the grave?
I have been out of touch a lot as of late and missed what has been happening with DMEC. It appears to be having more ups and downs than a roller coaster ride LOL.
Hope all have a great day.
Somebody explain to me the varied trading prices today (see below) when there is no bid and ask?
TIA
ou
DMEC(2003/09/15)
15:33:18 5000 0.003 - OTCEQ_NBB
15:33:12 75000 0.003 - OTCEQ_NBB
15:31:39 50000 0.006 + OTCEQ_NBB
14:17:33 15000 0.0025 - OTCEQ_NBB
11:32:42 25000 0.011 + OTCEQ_NBB
11:32:36 100000 0.0025 + OTCEQ_NBB
11:32:30 5000 0.0025 OTCEQ_NBB
DMEC may relist on OTCBB next week. If so this may get very interesting. Last closing trade on Friday for a million shares at a penny is very intriguing.
MMS playing games or somebody knows a huge run about to start?
Stay tuned ........
As in major quiet accumulation?
TIA
ou
Yeah I drift in an out sometimes depending on the freetime I have. That is an excellent book. Fair and balanced in the writing by John. He did a great job.
Gary
Last post from amazon.com a must read!
Scam Dogs and Mo-Mo Mamas: Inside the Wild and Woolly World of Internet Stock Trading
by John R. Emshwiller, Emshwiller R. John
Look inside this book
Availability: Usually ships within 1-2 business days
Publisher: HarperBusiness; 1st edition (May 16, 2000)
ASIN: 0060196203
Average Customer Review: Based on 10 reviews. Write a review.
Reviews
Amazon
Would you take a stock tip from a guy named Tokyo Joe? How about one from Big Dog? If so, you should read this book. If not, you will probably find Scam Dogs and Mo-Mo Mamas an entertaining curiosity about the type of person you're glad you're not. Tokyo Joe and Big Dog are two of the main characters in Scam Dogs. They post messages on Internet stock discussion boards, touting stocks most of us have never heard of. When these guys say "Buy," thousands of people do. The problem for those thousands is the gurus may have done all their own buying before recommending a stock to others and start selling as soon as their followers start buying. At least that's what the Securities and Exchange Commission accused Tokyo Joe of doing when it filed a civil complaint against him in January 2000. (This practice, according to the helpful glossary at the back of the book, is called scalping.) Emshwiller is a reporter for The Wall Street Journal who has covered numerous frauds and swindles--in fact the book started as a Journal article about the colorful Tokyo Joe (How colorful? He usually trades naked in his Manhattan apartment, sitting in the lotus position while staring at multiple computer screens.) Scam Dogs will be most useful to those contemplating a career in day trading. However, when you see how many ways there are to get fleeced, you may decide it's a more remunerative not to become a sheep. --Lou Schuler
From Publishers Weekly
This rogues' gallery of Internet stock investors, scam artists and tipsters sheds fascinating light on an unseemly universe powered by caffeine, nicotine and the sweet scent of profits. Emshwiller, who covers Internet trading for the Wall Street Journal, trails a cast of often bizarre characters, such as Joe Park, the legendary trading guru who launched the popular stock-discussion site Tokyo Joe's Caf?, who submits to an interview sitting lotus-like in front of his computer screens while... read more
See all editorial reviews...
--------------------------------------------------------------------------------
Spotlight Reviews (What's this?)
Write an online review and share your thoughts with other customers.
10 of 13 people found the following review helpful:
A Likely Classic, May 30, 2000
Reviewer: A reader
I wasn't sure what to expect on picking up a book with the title "Scam Dogs and Mo-Mo Mamas," maybe me-too Tom Wolfe or a study of dancing soccer Moms. What I encountered on reading is a work I suspect will become classic study of a turning point in investment history and regulation.
Imagine, if you will, a bright-eyed diarist among the tulip traders of 17th century Holland, a long-lived Samuel Pepys privy to the shenanigans of the South Sea Bubble, or a wit among the Wall Street brokerages as mining stocks soared and crashed in the 1890's. That's the role Emshwiller fills here with the story of some of the most influential (and colorful) characters to the new Internet trading world.
Scam Dogs isn't an all-encompassing or definitive tale of the boom market of the 1990's--that has yet to be written. It isn't about billions sloshing in the Ciscos, Intels, and Microsofts or the fortunes flushed down to cockamamy dot.coms. It's brilliant marginalia, a richly-described world of trade in stocks that are often meaningless at best or fraudulent at worst by figures far beyond the core of Wall Street. These are "marginal men" (and women) who first grabbed and understood the trading implications of the Internet precisely because they lacked the levers that established investment dealers possessed. These were the elves dancing at the leading edge, and, unlike a Salomon or Goldman Sachs swinging weight in a T-bill auction, these tiny folk can individually or in concert can kite or tank only the most rinky-dink of stocks. Such is often the unseemly stuff of revolutions. It is a revolution that government was and still is slow to grasp, as Emshwiller portrays with rich annecdote and history at the SEC. That slow grasp has meaning for us all.
Emshwiller, a writer for the staid Wall Street Journal, seems to have a natural wit and an eye for stories that often doesn't make it beyond a newsroom water cooler. He's unafraid to include himself in the tale, to admit that after a night of drinking with a trader he "wouldn't want to drive the bar stool I was sitting on," and that he was endlessly tempted by the possibility of making money from Internet trading, the very same greed and gull that drove what he was writing about.
There's wonderful material here that lies on the cutting room of too many first-rate financial journalists. Here is not just the first, easily-grasped annecdote, nor the second. But the third and fourth more subtle tale of TokyoMex in full throes of an emotional speech in which he tells fans and fellow traders "don't be schmucks," or of 400-pound fat man "Big Dog" complaining that though he is worth millions on paper at the moment, "I have no structure in my life," or of the protection-minded short-seller's guard dog who "is either having a very tense morning or appears ready to pounce," or of an ltalian Renaissance scholar and prolific poster bragging of "perfect Eric," her cleaning man from Sri Lanka that "I do have to hide my pantyhose after they're washed or he'll iron them, but that's his only fault." Such is daily life in this revolution.
This is wit and insight of a rare sort. To lodge a complaint or so of Scam Dogs: its extracts of sometimes-funny-but-inane emails are occasionally overly protracted; I'd like to have seen earlier some exploration of regulatory disinterest or neglect of Internet touting and trading (Emshwiller does it with great anecdotal familiarity mid-book and then thematically at the end.) And I'd happily have opted for a slightly more elaborate setting of the rocketing market for real-life Intels and Microsofts with real-life balance sheets making possible the fanciful dreams of undiscovered riches from companies most of us--thank heavens--have never heard of. But setting these complaints aside, I found Scam Dogs a brilliant read, a penetrating analysis, and a likely classic look at the era.
Peter Quintle, New York
Was this review helpful to you?
3 of 5 people found the following review helpful:
"Pay No Attention to the Stock Tout Behind the Curtain...", May 22, 2000
Reviewer: cube_dweller from Silicon Alley, USA
If you don't know about internet stock "gurus" like Tokyo Joe and Amr "Tony" Elgindy, this is not a bad place to learn (and take warning).
These two colorful hustlers with a knack for self-promotion and disregard for ethics are the most interesting aspect of the book. But there is far too much space devoted to fluff that was barely interesting at the time (Big Dog's single-digit IQ, Janice Shell's recipes...) and is not worth preserving in print.
And there's no mention of any of the good guys, people with integrity who share investment insights online - yes, they are hard to find, but they do exist! I've been a member of Silicon Investor since 1996, I watched most of what is described in this book as it happened, plus a whole lot more. I got a true investment education from what I read there, but none of my "teachers" is mentioned in this book.
And where are the little guys who lose money by buying when Tokyo Mex and Big Dog are selling? I'd like to hear their stories.
There is a moral to the story, Emshwiller does make it clear how the internet is a boon to the sleazy side of the capital markets, and how the SEC is strangely unwilling to devote more than token resources to clean up the dirt. But I doubt many people will hurl this book down in outrage and call their congressman.
Was this review helpful to you?
All Customer Reviews
Avg. Customer Review:
Write an online review and share your thoughts with other customers.
2 of 3 people found the following review helpful:
A Good Start Says It All., June 13, 2001
Reviewer: A reader from Grand Junction, CO
John Emshwiller's book Scam Dogs and Mo Mo Mamas is fine effort to introduce the reader to the little known world of internet pumping and dumping, and insider stock manipulation using cyber space as a tool to get it done. But with this book that's as far as it goes. Mr. Emshwiller missed a key part of the story when it comes to the myth that has been built around alleged cyber snoop, and consumer advocate Janice Shell. Mr. Emshwiller never does seem to get the story right about the "Two Ricks," and who Janice Shell and Rick Marchese really are. He seems to take Ms. Shell's word for who she really is, and does little or no real research into the allegations Ms. Shell is really Janice Evans living in Milan, Italy under the alias of Janice Shell without the knowledge of the Italian Government. There is much more to be found on the subject of Janice Shell and her friends, and the reader is encouraged to use this book as only starting point.
GA Bard hows trading these days?
GA bard your still around. I just read book called scam dogs and MOMO momas and you were in it interesting reading.
2 yr daily chart of DMEC
The bottom action of the past 6+ months is a good sign IMO.
I just got in it last week.
Waiting with patiences for it start moving northward again one day.
sympathy I hope you do not mind being on board here. If you do I will remove you.
Gary Swancey
Listed on Penny Investing .com
DMEC going to pop! I like their hard to get DVD classics.
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
70
|
Created
|
11/16/00
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |