Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

Q1 ended 10 days ago..management can post their great news any moment. Then again they can stall till May 15th. IMO if they fail to post on time the ticker could be downgraded to STOP.

Consider this--

1) H360 is now the "sole surviving entity" after the merger.

2) Two on their team (Scattini & Serrano) now control 66.66% of the Preferred A "SUPER VOTE" shares.

3) Fully 93% of the A/S is issued and outstanding

4) As far as we know, no one on Team H360 yet has an equity stake in BLDV.

Therefore--

What's to prevent Todd & Co from finally getting the bloated share structure under control by pulling a reverse split?

Think about it. They have the votes. They have no loyalty to those who got shafted by John Quincy Moaning, Cleve Tsai and Josh Alper. All they want is to go public with their own vision. Why should they share their profits with people who haven't invested in THEM?

A 1-for-100 R/S would drop the O/S to 54 million. If they reduced the A/S to 1 billion that would mean only 5.4% of the A/S would be issued. If they dropped the A/S to 500 million that would mean only 10.8% of the A/S would be issued. Compare that with the current 93% already issued and the money blown!!!

Sure Josh and Jonathan own big stakes. But there's nothing to say they won't be made whole or more under a new share structure?

IMO it's pretty clear neither old nor new management cares about current shareholders.