Blue Diamond Ventures Inc (BLDV)

[Gemma]

Even though what you say is true, there is more to the two items you mention.

1. The only reason they have not done a reverse split is because they were denied by the DTC when they tried. Unless they can resolve the legal issue regarding these shares, the DTC will most likely never let them do a RS. As they don't have the funds for legal representation, we will probably not see them trying a RS anytime soon. This, however, could change at any time if funding becomes available, or some agreement can be reached with the other party involved.

2. The reason the 700 million shares were returned is because they cancelled their agreement with the Israeli company that the shares were used for as collateral. Since the agreement was cancelled by mutual consent the shares were required to be returned.

Even at the time when the shares were returned, I believe there was an increase in the authorized shares despite the return of the 700 million shares.

I would like to know what their plans are for retiring additional shares that they have previously mentioned, instead of increasing the authorized and outstanding shares.

There has also been nothing more said about the testing labs that were supposed to be up and running by now and a major source of revenue.

The vague, repetitious PR's they put out, are pretty much worthless. However, hope springs eternal that they can find a path forward.