Jr Mining & Bio-Diesel Questionable Companies

[jbisme]

Starting to read a little more about BLDV and I am all for exposing scams but let's keep the facts straight; otherwise, it looks like we are contriving a story to unfairly accuse a legitimate company as operating as a scam. By the way, I have yet to make up my mind about BLDV as I have not done nearly enough research.

Regarding the following statement in BLDV's most recent news release:

"Blue Diamond Ventures, Inc. (Other OTC:BLDV.PK - News), through its interest in Blue Diamond Ventures Biodiesel, LLC, has secured the right to acquire the majority interest in a biodiesel production plant and related port facilities in the Gulf Coast."

I have seen posts, after this news release, stating that BLDV has no assets which may not be correct.

The "right to acquire" may be able to be classified as an intangible asset on a company's Balance Sheet.

Here's an example of an SEC filing where "rights" were classified on another company's Balance Sheet as an intangible asset:

http://sec.gov/Archives/edgar/data/1101137/000103849405000013/a10q0412.txt

KORE HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004 AND 2003


NOTE 4- INTANGIBLE ASSET

The Company in November 2003 issued 1000 shares of its common stock valued at $500,000 for exclusive right to distribute power generators in northern California and Hawaii and other agreed territories. Additionally, the Company received the non-exclusive right to acquire the generators at prevailing wholesale prices for distribution and the non-exclusive license to use the name, trademark and trade names of the manufacturer or distributor of the power generators. The license agreements are being amortized over the five year life. Amortization charged to expense for the three months ended December 31, 2004 was $25,000.