Blue Diamond Ventures Inc (BLDV)

[Gemma]

It is highly unlikely that they are shorting in any way because they have no money to work with. Based on their last report before they pulled it, the company has used most of the funds that they had from the one quarter where they had $1,000,000 in revenue.

What they need to do is update stockholders on the buyback they announced a while back. If they haven't done that yet, bases on the last quarterly report, they don't have the funds for the buyback anymore. Also why were they willing to pay $250,000 for the 500,000,000 shares. At the time the share price was about .0003/share, and they were willing to pay .0005/share; that's a pretty big premium over the then current share price.

The only way that makes sense is that they are planning a reverse split like Josh wanted to do originally (9 for 1), and the buyback allows them to go forward with it.