Blue Diamond Ventures Inc (BLDV)

[Gemma]

They were supposed to return 700 million shares from Can10, and 250 million from an investor that they were buying back so the OS would be reduced by that amount.

The last word from Josh was that he had the 700 million shares, but couldn't return them because of some technicality that required them to increase the OS by the amount that was being returned. This made no sense whatsoever as they increased the OS by 1.5 billion. We don't know for sure where the other 250 million shares stands as of now.

Had they issued a quarterly report for period ending 6/30 on time then it would have shown there what the OS is and any changes. Unfortunately that report has not been issued yet and now the company is up against the time line where the OTC will slap a yield sign back on the stock for failure to report.

If they don't file for an extension, by next week look for the yield sign again. Even if they eventually issue the report and the yield sign is removed; the fact that they can never issue a report on time and usually it takes three tries to get the report right keeps investors away from this stock.