Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

Mr. Edward Blessing previously held 660,000,000 shares of common stock in restricted form. Mr. Blessing was paid $30,000.00 for 260,000,000 million shares. 130,000,000 million shares were retired to the BLDV treasury, and the remaining 130 Million shares were sold to Jeff King for $100,000.00 USD. $30,000.00 USD was used to pay Mr. Blessing for the 260 Million Shares. Mr. Blessing retained 400 Million Shares now free trading but limited by a leak out provision. These are the shares that Mr. Blessing acquired in a lawsuit against Quincy John Moaning, a previous CEO of the company, who had followed Mr. Blessing as CEO-- Q3 2017

So Jeff King bought 130 million shares from Blessing. However, the 2019 annual report says King now owns "50 Million (50,000,000) Class C Shares" which convert into common at a rate of 10-for-1 or 500 MILLION shares of common.

Even more baffling, on page 12 of Q3 2017 states--

"Preferred Stock – During 2017, the Company issued 104,500,000 shares of Preferred C shares with a 10:1 conversion right into common stock. The stock was valued at $826,100 and was used to pay accrued liabilities and as pre-payment for services to be rendered in 2018.

Yet on page 2 and on every report since it says only 97,500,000 C Shares have been issued. So which is it? Where did the missing 7 million C Shares go?