Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

2019 Annual Report--

April 2016 - Blue Diamond Ventures, Inc. acquires 100% of Michigan Plant Technologies, LLC (MPT) as a wholly owned subsidiary, along with United Sustainable Technologies (DBA of MPT), and BOT BAKERY for 20 Million RESTRICTED Shares of Preferred B stock. Michigan Plant Technologies LLC, reverted back to a privately held LLC on March 31st 2018, all recipes and all equipment used for infused product manufacturing and all extraction equipment was retained and remains the property of Blue Diamond Ventures Inc.

So MPT got 20 million Preferred B Shares which convert at 3-for-1 (i.e. 30 million common). In a previous disclosure Josh said MPT would be spun off and revert back to a private company in exchange for a promissory note which has apparently vanished and remains unpaid.

Investors financed CEO Josh's daughter's BOT BAKERY which is now a private company. However, BLDV still owns "all recipes and all equipment used for infused product manufacturing and all extraction equipment"???? LMAFO!!! Exactly what equipment is needed to "infuse" MJ into cookies and cupcakes? And what about those secret, proprietary "recipes?" Gawd what those must be worth without a bakery to use them? Oh wait.. their Facebook page states--

Bot Bakery June 16, 2019 ·

Excited to be featured by Chicago magazine for our CBD cookies
https://www.facebook.com/botbakery/

So can shareholders expect some rents and royalties or is this yet another illegal gift to the Alper family? Since Josh made a point of disclosing ownership of this equipment and recipes I'm sure they're being carried as "assets" on BLDV's books. I'd like to know what he values them as.