Blue Diamond Ventures Inc (BLDV)

[Gemma]

This is not good news; instead of retiring shares they plan to issue more shares.

What this says is they have no funds to support their operations and are going to raise funds through a share offering.

All this will do is drive the PPS down.

In order to up-list they need the share price to be over .01 for at least 31 consecutive days, hence they need to do something to increase the PPS.

That can only happen if they do the following:
1. Reduce outstanding shares dramatically
2, Demonstrate the ability to generate revenue consistently
3. Show profitability quarter over quarter

So far they haven't demonstrated any of these things, and now they want to issue another class of stock. This makes no sense.

Soo Disappointing