Blue Diamond Ventures Inc (BLDV)

[Gemma]

It was pumped to a penny and quickly retreated back when it became clear there was no buyback yet or a return of the 700MM from Can10.

Now the 700MM have been returned, but the company increased the AS by 1.5B.

That's hardly reducing the OS or AS, plus the 500MM still haven't been repurchased.

When the next quarterly comes out, the numbers will reflect just how many shares are out and authorized. At the current levels the PPS will never stay above .01 for thirty days unless they can show huge increases in revenue and profits; something they have been unable to do.

Even if the financials show a decent quarter they need to show they can sustain that level and grow from quarter to quarter to keep the PPS up.