Blue Diamond Ventures Inc (BLDV)

[Gemma]

To clear up this mess would cost a lot of money. Money that BLDV didn't and doesn't have. That's why Josh has just let it be now now. He realizes that TJ Management (TJM) can't do anything with the shares and they don't have any funds, so they're not going to pursue any legal action either.

As was stated, the DTC is not going to be much help in resolving the issue and TJM has no incentive to return the shares. So they will sit there for now and make it appear that the share structure is worse than it actually is.

Having the shares frozen actually helps the investor, as it prevents Josh and Co. from doing a reverse split, but unless you know about the frozen shares it just makes it look bad on paper.

At some point this problem needs to be solved, especially if BLDV starts making money. If significant profits are realized they will be diluted because of these shares and make the company's EPS look worse than it is.