Blue Diamond Ventures Inc (BLDV)

[SPORTYNORTY]

Here is the deal with the shares and the float:

The actual tradable float, free trading, (what you and I can buy), is 802 million.

There are just over 2 billion shares which are reflected in the OS and float because they were awarded by BLDV to a now defunct company, TJ Management, pursuant to a financing deal utilizing convertible debt. Lucky for us, as well as a few other companies, the SEC shut down TJ Management for systematic securities violations. Meaning, the 2 billion shares they were awarded have a DTC Chill on them which means they CANNOT be released into the actual tradable float by the Transfer Agent. They also cannot as yet be removed from the OS and stricken from the books, until BLDV management files an injunction against TJ Management and gets a court ordered final disposition. Obtaining the aforementioned final disposition would then set the company up under a quid pro quo situation whereupon the company under good faith provisions would have to reimburse the principles of TJ Management in the amount of the original proceeds given, plus reasonable interest. Right now BLDV does not need to pay them back one cent, and the shares cannot be sold into the float. Ergot, no action is required at this time.