Blue Diamond Ventures Inc (BLDV)

[janice shell]

I see. So Moaning got himself involved with TJ Management, a toxic financier so notorious it has its own board here at IHub:

https://investorshub.advfn.com/Clients-of-TJ-Management-25511/

The SEC brought suit against TJM in 2012, alleging that its resale of unregistered stock violated its anti-fraud regulations. The companies it cited did not include BLDV. Evidently Moaning hooked up with them later. The suit wasn't disposed until last year:

https://www.sec.gov/spotlight/microcap/complaint-kahlon-2019-09-30.pdf

So TJM was still on the loose, able to continue to make deals. Their owner Yossef Kahlon now has a penny ban, but that doesn't mean he's not still working through nominee companies. I haven't paid any attention to TJM in years, so I don't know.

In any case, yes, the litigation and the eventual ruling in the SEC case could have tied up the stock in question.

However, the o/s and float are still way too big. And BLVD still has almost no cash, so I think you're likely to see more issuances going forward.