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Re: ChinaWorx post# 81000

Sunday, 02/24/2019 10:10:22 AM

Sunday, February 24, 2019 10:10:22 AM

Post# of 100421
ChinaWorx, key understanding with BLDV & its Float...

I'm good and I hope things have been good with you too. Sorry for taking so long to respond. I've been a little busy.

This is a situation that would be nice if it could be reconciled, but it's a huge plus still for BLDV if it's never reconciled. I don't know the exact number, but I know it was a decent amount of the shares of which will never be put into circulation. For those that are new here with BLDV, please understand, I have been here holding for years although usually I'm not a volume poster.

In short, I had learned from the old CEO, three or four managements ago that BLDV had gotten 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. Keep in mind, this happened well over 10 years ago.

Something later happened with TJ Management getting in trouble with the SEC with dealing with another company. BLDV had absolutely nothing to do with that situation, but the SEC investigated every company that TJ Management was involved with and found that the companies were not in the wrong and that TJ Management was. So, the SEC froze TJ Management from ever being able to deposit any shares that they were holding of any and all companies they had shares of 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 some had called the BLDV Transfer Agent (TA) back then, they were told that BLDV had 3,750,585,689 shares of BLDV that were still in cert form.

With TJ Management, the SEC had banned them from doing anything with any public company. I'm not sure the exact amount they own for shares as I had never made any effort to speak with anyone from TJ Management to get any further details. They probably wouldn't tell me anyways. I never learned the exact amount from those 3,750,585,689 shares that are in cert form that had belonged to TJ Management. Heck, if I had to guess, worst-case scenario, I think maybe somewhere between 25% to 50% of that 3,750,585,689 shares belong to TJ Management from logical deduction based on thinking that some of those shares have to be owned by some Insiders. Again, I'm not sure as that is only a guess. Regardless, a huge chunk of the Float shares will never be put into circulation.

Josh was trying to buy the shares back to retire them back to the Treasury, but he was not getting any cooperation from TJ Management. I sensed they were a little pissed about their situation and just shut down from everyone. There was nothing he could do.

This is why BLDV trades way thinner than what the Outstanding Shares (OS) and Float numbers show. The way I have always seen things was... yes, it would be nice if the situation could be reconciled to reduce the OS and Float, but it's a huge plus still for BLDV if it's never reconciled because it's a huge chunk of shares that will never hit the market to be put into circulation.

v/r
Sterling

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