Everything you say is spot on. Of course the problem BLDV has is very little revenue, as you mentioned, and the inability to do a reverse split. That leaves them very few options.

Yale, the CEO has been a huge disappointment. When he was brought on board, I was hoping he could do something positive based on his previous work experience as a turnaround specialist and the contacts with his previous employer. Unfortunately, nothing has changed under his leadership.

As you say "It is so very rare that an OTC company buys back shares", but that was what Josh said they were planning to do.

The DTCC will not allow them to reverse split. Josh tried that years ago and was rejected. Unless they resolve their legal problems with a company that was given stock for compensation, I don't see the DTCC changing their position.

If the stock goes to .0001, maybe they can buy back shares and retire them like they said they would a while back; but I wouldn't hold my breath for that to happen.

Authorized shares did go up from just under 6 billion to 7.5 billion since 2020:

3) Security Information
Trading Symbol: BLDV
Exact title and class of securities outstanding:
Exact title and class of securities outstanding: common stock
CUSIP: 09539R101
Par or Stated Value: 0.001
Total shares authorized: 5,800,000,000 as of: 05/20/2017
Total shares outstanding: 4,760,585,689 as of: 05/20/2017

2) Security Information
Trading symbol: BLDV
Exact title and class of securities outstanding: Common stock
CUSIP: 09539R101
Par or stated value: 0.001
Total shares authorized: 5,799,499,999 as of date: 9/30/2020
Total shares outstanding: 5,385,585,689 as of date: 9/30/2020
Number of shares in the Public Float : 4,550,948,978 as of date: 04/24/2017
Total number of shareholders of record: 319 as of date: 06/1/2019

BLDV SECURITY DETAILS
Share Structure
Market Cap Market Cap 6,462,703 12/04/2020
Authorized Shares 5,799,499,999 11/06/2020
Outstanding Shares 5,385,585,689 11/06/2020
Restricted 1,304,636,711 11/06/2020
Unrestricted 4,080,948,978 11/06/2020
Held at DTC 2,633,430,085 11/06/2020
Float 4,550,948,978 04/24/2017
Par Value 0.001

Whatever happened to those testing labs that were supposed to be up and running by now?

O yeah now I remember, They don't like to keep their investors informed about what they are doing or planning publicly, so it must be happening in secret behind the scenes.

I figure that they either give the newer CEO (Yale Peebles) the share for work that he may have done that we are not aware of yet. He certainly hasn't done anything that deserves the share that I know of. Or maybe the share will go to an outside investor that may be making a substantial investment; or it may be another company merging with BLDV and wants a say in what the company does.

Anybody have any other thoughts?

Now they are going to issue another super share. I wonder to who or what that might mean.

AMENDMENT NO. 1 TO THE ARTICLES OF INCORPORATION
This is the second amendment to the Amended and Restated Articles of Incorporation filed on
6/21/2021 (the “Articles”) of Blue Diamond Ventures Inc. a Colorado corporation.

This amendment was duly adopted on _Jan 30, 2023_ by the Board of Directors. Any terms not
defined in this amendment are defined in the Articles.

Section III.01 of the Articles is hereby amended by updating (b)(i) as follows:
The following sentence is deleted:
“The Corporation is authorized to issue three (3) shares of voting Preferred Series A Stock.”
and the below sentence is inserted in its place:
“The Corporation is authorized to issue four (4) shares of voting Preferred Series A Stock.”

Even though what you say is true, there is more to the two items you mention.

1. The only reason they have not done a reverse split is because they were denied by the DTC when they tried. Unless they can resolve the legal issue regarding these shares, the DTC will most likely never let them do a RS. As they don't have the funds for legal representation, we will probably not see them trying a RS anytime soon. This, however, could change at any time if funding becomes available, or some agreement can be reached with the other party involved.

2. The reason the 700 million shares were returned is because they cancelled their agreement with the Israeli company that the shares were used for as collateral. Since the agreement was cancelled by mutual consent the shares were required to be returned.

Even at the time when the shares were returned, I believe there was an increase in the authorized shares despite the return of the 700 million shares.

I would like to know what their plans are for retiring additional shares that they have previously mentioned, instead of increasing the authorized and outstanding shares.

There has also been nothing more said about the testing labs that were supposed to be up and running by now and a major source of revenue.

The vague, repetitious PR's they put out, are pretty much worthless. However, hope springs eternal that they can find a path forward.

Hope the new CEO doesn't forget to file the quarterly report otherwise look for the stop sign again. The 45 day limit to file is fast approaching.

If the company gets slapped with the stop sign again, anyone wanting to buy will be able to pick up shares cheap.

ECA MARCELLUS TRUST I (OTC Pink: ECTM) announced today that the Trust’s distribution for the quarter ended June 30, 2022, will be $0.176 per unit, which is expected to be distributed on or before August 31, 2022 to holders of record as of the close of business on August 19, 2022. As previously disclosed, commencing with the distribution to unitholders paid in the first quarter of 2019, the Trustee has withheld, and in the future intends to withhold, the greater of $90,000 or 10% of the funds otherwise available for distribution each quarter to gradually build a cash reserve of approximately $1.8 million.

I think I put the wrong doc ID in my post: It should be - 20221731427

Articles of Amendment 07/26/2022 07/26/2022 07/26/2022 02:55 PM 20221731427

New amendment to articles of incorporation:

https://www.coloradosos.gov/biz/ViewImage.do?masterFileId=20161257384&fileId=20161257384

I have to take back my previous post as I just received verification that they filed. Nothing like waiting till the last minute. Wonder if they had to pay a fine.

This is notification that the following document has been filed for Blue Diamond Ventures Inc : Report

For more information, please review the record by visiting our website, coloradosos.gov. Select "Businesses, trademarks, trade names" and then click on "Search". You can search for the record by entering either the record name or ID number.

If the ID number is used to search, the website will immediately display the Summary page for the record. If the name is used to search, the website will display a list of search results. Find the correct record and select the ID number to proceed to the Summary page. From the Summary page, you can choose to view additional information.

Thank you for using the Colorado Secretary of State's online services!

It looks like the same old BLDV. They can't seem to get their reporting in order. Now they are delinquent filing with Colorado, the state where they are incorporated. Even though they were warned last week, they couldn't get their act together and now are faced with a fine.

Colorado Secretary of State
Jena Griswold
coloradosos.gov

You’re two months past your report month. Your entity, Blue Diamond Ventures Inc - 20161257384, has become Noncompliant for failure to file its Periodic Report.

A late fee/penalty has been assessed. Due dates and any fees or penalties are automatic and statutorily applied. As such, due dates and fees cannot be altered or waived.

File the Periodic Report to become compliant and in Good Standing. If the Periodic Report is not filed, the entity will become Delinquent.

New to periodic reports?
See frequently asked questions and instructions on the periodic report.

Seasoned customer?
To file now, or any time during your report month, go to the entity Summary and click on "File a form" near the bottom of the page.

No longer operating this business?
See information and instructions on how to dissolve your business.

If you’re having trouble filing, call us during regular business hours at 303-894-2200 and press 2.

Looks like they are late filing the Colorado required reports:
I have to wonder if Josh and Yale know that they need to file every year. It looks like they have been notified previously and this is the last notice before penalties are assessed.
Can somebody let them know just in case they didn't read the notification.


Colorado Department of State <entity.subscribe@coloradosos.gov
Fri, Jun 24, 4:43 AM (2 days ago)

Colorado Secretary of State
Jena Griswold
coloradosos.gov
The Periodic Report for Blue Diamond Ventures Inc - 20161257384 is due.

You’re almost two months past your report month. This is your last notice before a penalty is applied.

To file now, go to the entity Summary and click on "File a form" near the bottom of the page.

You must file a periodic report annually to keep your entity in Good Standing. Any fees or penalties are automatic and statutorily applied. As such, fees and penalties cannot be altered or waived.

New to periodic reports?

See frequently asked questions and instructions on the periodic report.

No longer operating this business?

See information and instructions on how to dissolve your business.

I understand the skepticism in regard to the release Yale put out. This may be just more of the same as was pointed out, but there also seems to be a different tone in the release that is more professional and well thought out than what you typically get from Josh.
Time will tell if it will be different this time or whether we will see the same old song and dance.
One thing I know for sure though, if revenue doesn't increase, it won't make any difference for the PPS which is what they need to up-list even if an audit is done.

I will remain doubtful, but hope I am wrong and give Yale some time to make a difference.

Maybe people have just lost interest. There's been no news, no PR's, no updates, no bulletins, no conference calls.

New CEO is MIA since being appointed. He has no record of accomplishments or prior successes, so I'm not sure what to expect from him.

The company treats it's investors like mushrooms, so its not surprising that the PPS is going nowhere.

Your right the whole market is down, but that is no excuse for the inept call with the new CEO or the lack of any kind of strategy going forward.

It’s been almost three months since Yale took over as CEO and we still have not heard any news regarding his plans for the company.

Is the company just going to continue down the same path as before? It’s nice to see that more of an effort is made regarding the filing of reports, but even that still needs some work.

To hire a new CEO with no track record or accomplishments is puzzling. Maybe Todd knows something about him that will make a difference in the future. Hopefully they are keeping a big deal secret, and will spring it on everyone in the fall.

Josh wanted to do a 1:9 reverse split, but I think it would need to be at least 1:100 to have any chance of keeping the price above .01 for 30 days.

Even then there would need to be some positive news to help support the price.

Looks to me that when he says the following,

"BLDV would also like to thank the shareholders for their patience in this matter. These reviews, managed by Yale Peebles, are a part of getting BLDV in the position for an uplist to the OTCQB, and these adjustments, however small, will now allow BLDV to post 1st Quarter earnings for 2022 on time before May 15th 2022."

the only way that they are going to be able to uplist is by a RS. I see no other way that they can get and keep the PPS over .01 for thirty days any other way unless they are planning on uplisting in two years or more from now.

The only reason there is no RS is because the DTCC won't allow it with the current situation. If the new CEO can resolve the problem with the old shareholder and get the shares back; there would be nothing to stop the company from doing a RS. Josh has already tried to do one, remember.

As far as the new CEO is concerned, his resume has no record of any accomplishments, so there is no way to know what he brings to the table. It's been a month since he was appointed, and we still have not heard any news concerning what his plan is for the company going forward.

I agree with you and hope they come out with news soon. It's been a while since Yale was hired, and he should be up to speed by now.

Normally I would expect the new CEO, after getting settled in their new position, would make a statement about the company and plans going forward. As you pointed out, this should be more than what he said in his hello speech.

If he doesn't do something within the next two weeks, then I'm not sure anything will change.

Still trying to stay positive in the meantime and hope for good news.

We can only hope for something positive from Mr. Peebles. There is no record of any accomplishments in his resume, which makes you wonder what he will be able to bring to BLDV or what Todd expects from him.

His two pronged plan is very vague and doesn't appear to offer anything new; but this was just a few minute presentation, I believe meant more to introduce Yale than give a plan for the company going forward.

I'm looking forward to hearing/seeing him do something of value for the company. Starting with filing reports on time.

Keeping my fingers crossed and hoping. So far the market doesn't seem to impressed with his addition to the company based on the price today.

WOW, A whopping 8500 shares traded at .0015 ($12.75). Is someone trying to keep the price down?
Very strange day today.

Pretty sure it was Josh, because he was responsible for issuing the letter and reports previously. I believe they someone new is doing the reports now, but I think Josh was still the responsible person tasked with seeing that the letter got done.
Maybe the new CEO will take this task on and clean up the mess. This should not be that difficult. Just make a checklist and put it in the calender to make sure things are done timely.

With current Natural Gas(NG) prices approaching $7.00/MM BTU's next months dividend should be even larger than what was paid in February.
And, with the war in Ukraine looking like it will continue for some time per Mr. Putin, European NG prices will be staying at these levels for some time.
Look for ECTM to pay over .80/Share in dividends over the next year.

The lack of volume today after a pretty good day in volume yesterday is really puzzling.
Maybe the YIELD sign is keeping some people away, but I think it's something else.
Hopefully there is something happening behind the scenes.
The YIELD sign goes up quick now, but takes time to remove if its issued.
If they had issued the letter with the reports, it could have been avoided. Really sloppy on their part. What possible excuse can Josh have for not issuing the letter with the annual report?

The people that are sitting on this bid don't care if it runs. They're hoping to pick up shares on the bid so they can flip them when the price goes up by .0001.

To clear up this mess would cost a lot of money. Money that BLDV didn't and doesn't have. That's why Josh has just let it be now now. He realizes that TJ Management (TJM) can't do anything with the shares and they don't have any funds, so they're not going to pursue any legal action either.

As was stated, the DTC is not going to be much help in resolving the issue and TJM has no incentive to return the shares. So they will sit there for now and make it appear that the share structure is worse than it actually is.

Having the shares frozen actually helps the investor, as it prevents Josh and Co. from doing a reverse split, but unless you know about the frozen shares it just makes it look bad on paper.

At some point this problem needs to be solved, especially if BLDV starts making money. If significant profits are realized they will be diluted because of these shares and make the company's EPS look worse than it is.

Horst, Here is what was posted by Sterling from his conversation with John Moaning previously:

Now I will try to make some sense of it from a conversation I had over 6 or 7 years ago. Years ago, and a few managements ago, I spoke to the old CEO of BLDV, John Quincey Moaning. I was curious to know where all the volume was coming from a few years back then after thinking that this was a low float stock. He would never tell me. Then finally after another couple of years had gone by or so, we had a much deeper conversation. He told me that he had been done wrong by a finance/funding company by the name of TJ Management in the past.

So then I asked him… What happened? I asked him this because I knew that the share structure was unknown at such time, but I remember seeing a few hundred million in volume at one time in the past so I knew that some kind of dumping had transpired to where the Outstanding Shares (OS) was a number far higher than what I had originally thought. This is when he told me that he was screwed by a group called TJ Management. He said that when he entered into an agreement with them, he issued them shares per the agreement and they were supposed to have financed his ventures that he had on the table to move forward with. He fed them shares… they simply dumped a bunch of shares… and he never got the money from them as promised.

Something later happened with TJ Management getting in trouble with the SEC with dealing with another company (not BLDV). This caused the SEC to investigate every company that TJ Management was involved with and froze TJ Management from ever being able to deposit any shares that they were holding of any company to include a bunch of BLDV shares they had in cert form trying to get deposited. I never learned the exact amount, but I knew that it was a lot. This is why when people called the BLDV ungagged Transfer Agent (TA) back then, they were told that BLDV had 3,750,585,689 shares of BLDV are still in cert form.

Again, I’m not sure how many of those shares that are still in certificate form are from TJ Management, but from my understanding, they have a good chunk of those shares that will never be able to get deposited per the SEC not allowing them to. Per the TA, those shares must be classified as Free Trading (Float) Shares. From my understanding, TJ Management was successful in dumping ”a few” BLDV shares that Quincey gave them before, but there is a huge chunk that will never get deposited to be dumped because of TJ Management getting in trouble with the SEC. The SEC made the decision to not hold anything against BLDV or any of those other companies that dealt with TJ Management, but they also made the decision that any shares that were held by TJ Management were not ever going to be deposited.

I don’t exactly recall who, but either Quincey and I think Josh Alper from the current BLDV team had spoken to some people at the SEC in trying to see what legal action could be taken to get those shares back to cancel or retire back to the Treasury, but the SEC said that there is nothing from the SEC that will be done to assist in trying to get the shares back. So, those shares can’t and will not be allowed to be deposited which is a good thing, but they also will not be allowed to be canceled or retired unless TJ Management gives them back the shares themselves to retire or cancel. I do know that the company went to TJ Management trying get those shares back to cancel or retire them, but TJ Management was upset over their situation and refused to cooperate from what I was told back then. Their attitude was that if they cannot do anything with them, then nobody will do anything with them.

Because of the shares being unrestricted, they had to count towards the Free Trading (Float) numbers to actually exist on paper, but they don’t exist for being a part of the ”actual” Float numbers for the shares that are existing in ”actual circulation” within the market. This means that the public cannot buy them. They are just there… existing as part of the share count. This had taken place years ago sometime as I never asked for the exact dates of such. Quincey (BLDV CEO a few managements ago) said that he was tricked into having issued those shares to TJ Management thinking that he was going to get funding for his projects. He said that the market thought that he sold those shares and pocketed the money but did not. He made it clear that he never got any funding from them. Hopefully, this adds a little more clarity to the Float.

v/r
Sterling

The 3.7B shares mentioned above matches what the transfer agent posted in 2016 as being in Cert form. TJ Management isn't holding all of the 3.7B shares, but I suspect they are holding somewhere in the neighborhood of about 2B shares.

To get an exact status of the shares is something that the company should provide if they truly want to be transparent. This should not be a secret, and the company should inform its shareholder of any plans it has regarding these shares in the future.

In order to do a R/S BLDV needs to resolve their issue with the DTC which requires money.

Since they don't have the funds required to resolve this issue how are they going to get the DTC to agree with a R/S? Do you know something that the rest of us don't?

Still no financials posted. What are the odds that Josh will post before we get the YIELD sign again?
Two days left and the clock is ticking Tic, Toc, Tic, Toc.

Let's all send a reminder to Josh to file so he can't say that he forgot. Time to file is getting short, hopefully they are ready to file now and are just reviewing figures before submitting.

I believe there are a lot of people that bought last year when the PPS was .005 and higher that have been holding hoping that news would reverse the downward price trend. Unfortunately, Josh and Todd have not delivered anything that would have a positive effect on the PPS so we continue to drift downward.

If the annual report doesn't provide anything to look forward to, which I don't expect it will, frustration and fear will stimulate selling; especially if the PPS dips into the trips as it did yesterday.

Who knows, maybe they have a plan to push the price down so they can buy-back shares since they may not be allowed to do a RS.

If Josh doesn't issue the annual report, the YIELD sign will be back next week and it won't matter what the Russians do.

As soon as the YIELD sign pops up investors will be dumping again. You have to wonder if Josh and Todd are deliberately trying to tank the stock with their actions.

There's been no other buybacks that I am aware of, but they did say that buying back shares was one of the things they would do to reduce the OS. They did announce at about the same time as the 700M shares were returned that they were buying back 500M from an investor for $250,000. I have not seen those returned yet.

The fact that the preferred shares have not been converted does not surprise me. I feel that Josh and the other preferred share holders are waiting for a much larger price than .01/share as I am. They also have restrictions on how much and when they can sell.

Hopefully the MJ climate in the country improves this year and we see positive news in the annual report, which is coming due. If those two things occur that may be the catalyst to start the move up in price.

If Josh and Todd ever have another question and answer session, maybe they can address the share structure and the chilled shares. I submitted questions on this topic to them last time, but they really didn't address the subject.

I also like the reduction of the 700M shares that were returned from Can10. What I didn't like was that they increased the AS from approx 5.5B to 7.5B. This I suspect was done to have shares available should the holders of preferred shares want to convert to common; as this is about the amount of shares that they would need.

Horst, Your chart is exactly correct, but don't forget the preferred shares that can be converted to common. If those shares are converted that would use up almost all of the AS.

What you said is exactly what Stervc said in his explanation of why the float is smaller than listed.

My concern is that BLDV will resolve its issues with the DTC and be free to do a RS. That would hurt the stockholders in the long run. Secondly the preferred shares can be converted into approx 2 billion common. Even if the company doesn't do a RS, if the preferred shares are converted then you will have almost 7 billion shares outstanding.

At that point the chances of up-listing get considerably more difficult without a RS.

Remember Josh has already tried to do a RS; there's no reason to think he would not try again if the DTC lets him.

Can you send him a message and ask him to repost?

Welcome to the wait. There are many stockholders here that have been waiting many years for BLDV to move in a significant way.