Blue Diamond Ventures Inc (BLDV)

[TASHI]

Followed up on NexGen's CEO, J. Ram Ajjarapu. He does not have a biography on NexGen's website, so I located an article from Forbes:

http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=1139731

I found that his brother Surendra K. Ajjarapu is President of American Ethanol Biofuels Inc. (AEBF.OB). Both brothers are former owners in Wahoo Ethanol, LLC and Sutton Ethanol, LLC. and both attended and received MBA's at University of South Florida.

http://www.aebiofuels.com/management.php

Information obtain from AE Biofuels 8-K dated 12/13/2007:

"Suren and Ram Ajjarapu, former owners of Wahoo and Sutton, sold their interests in these companies to American in February 2006 and they became officers of American Ethanol. Both became significant founding shareholders of American, each owning 8.1 million shares of Common stock. On February 23, 2007 Ram Ajjarapu sold his interest in the Company to Siva Limited in accordance with agreements wherein E85 and Siva Limited purchased the Wahoo LLC and a one half interest in the Sutton LLC and American and Mr. Ajjarapu settled a legal action between the parties and Geneva Capital."

An even more interesting read on this 8-K involves a reverse merger of AE Biofuels Inc. into Marwich II, Ltd.

"On December 7, 2007, we completed the Reincorporation and the Reverse Merger and issued to the former shareholders of American Ethanol 84,114,998 shares of our common stock in exchange for all of the outstanding shares of American Ethanol common stock and 6,487,491 shares of our Series B Preferred Stock in exchange for all of the issued and outstanding shares of American Ethanol Series B Preferred Stock. As a result, American Ethanol became our wholly-owned subsidiary and the former stockholders of American Ethanol became the controlling stockholders of the Company. On December 7, 2007, we amended our Articles of Incorporation to change our name from Marwich II, Ltd. to AE Biofuels, Inc."

http://www.secinfo.com/d12TC3.u21nj.htm

Looks like I'm done looking into NexGen and related companies.

(jmo)