Blue Diamond Ventures Inc (BLDV)

[Gemma]

These shares were a give back by Cann10 because of another failure of Josh and Co.

BLDV gave the shares to Cann10 for the exclusive rights to sell Cann10 products in the US. They formed Cann10-US as the vehicle to sell these products. Cann10 expected huge sales in the US from Cann10-US and split the profits with BLDV. This would drive the PPS of BLDV up and it would profit handsomely.

Unfortunately no sales ever materialized so the agreement was terminated and the 700MM shares were finally returned (CANN10 gave them back). This was done with the agreement of both parties. No money was exchanged.

I'm just grateful Josh and Co returned them like he said he would. He could have sold them on the open market if he wanted to.

I have a significant position (132MM shares) in BLDV and hope they succeed. It frustrates me when I hear the CEO say they are not interested in profits, or when they can't even file a simple form on time that a six year old could do, or it takes them three tries to get the quarterly report right. These things bring into question whether they are capable of running the enterprise.