Replies to post #53988 on Blue Diamond Ventures Inc (BLDV)

[dranesthesia1]

How would you be privy to be inside perspective and thinking if finra? Can you cite source for said info?

[Mr Rollup]

Psssssst this is going .05 like it or not. Get in line

[Stockcaller]

2 positives we can take from this.
#1. $BLDV stock price is increasing rapidly.
#2. We don't have to ever worry about a reverse split happening.

Do you agree?

[stervc]

janice shell, with BLDV, that's just it...

1 ** You are insinuating as if the TJ Management transaction was a bad thing... it's not... it's actually a good thing.

2 ** You are insinuating that FINRA denying BLDV from a reverse split was a bad thing... it's not... it's actually a good thing.

I am insinuating that for us investors, both 1 and 2 above are blessings in disguise.

Also, who cares if it was one or more companies that accepted financing or got in trouble with TJ Management. The TJ Management transaction with the previous BLDV management allowed for a huge part of the Float to be officially locked up to not be traded. Heck, I wouldn’t mind that for any stock that am in.

I spoke to the company. They are confident that if they would have pursued the reverse split by proving that they had nothing to do with the 2010 TJ Management transaction that the old management did 7 years ago, then FINRA would have approved such. They simply felt no need to further pursue the reverse split because of the lack of liquidity that would have existed as I have previously explained in some earlier posts. Do you really think that they knew of that transaction or was even part of it to where they couldn’t prove such to FINRA?

I’m telling you now that I am the one who introduced them to the old management of BLDV to remove the old management. Heck, I didn’t know about TJ Management until years later so I know for a fact that they were not aware about TJ Management. Heck, still, it turned out to be a blessing in disguise because again... the TJ Management transaction with the previous BLDV management allowed for a huge part of the Float to be officially locked up to not be traded.

You posted information from the court dockets yourself indicating and stating that the SEC punished TJ Management and Yossef Kahlon, its owner and not BLDV. BLDV was deemed to not be in the wrong and was allowed to continue existing and to trade by the SEC.

I’m not sure what angle of logic you are trying to deliver. If you are simply trying to say that BLDV was tainted because of the TJ Management deal that was done a few managements ago back in 2010, then I get that. BLDV was tainted because of that transaction back in 2010, but it’s not tainted now because of what BLDV have done and are doing now. Again, the TJ Management deal officially allowed for a huge part of the Float to be locked up.

Not being approved by FINRA for a reverse split is really another blessing in disguise for us shareholders because it provided the needed time for management to realize that a reverse split is not needed to provide the liquidity that would not have existed otherwise. I can't say this enough either. So are you truly not seeing that not doing a reverse split would be in the best interest of the company and shareholders? Well, I think the market is seeing it as a positive.

Bottom line… The TJ Management deal was bad for past BLDV shareholders because it was bringing about huge amounts of shares that would have been hitting the Float. However, the TJ Management deal is now good for current BLDV shareholders because it officially eliminated bringing about huge amounts of shares to hit the Float since TJ Management is not going to be allowed to deposit and or sell those shares. This is kind of like a share buyback without having to spend money to have shares taken away from being in circulation within the true Float.

Then you stated...

It's ridiculous for a penny stock with $5,712 dollars cash to have a 2.4 billion share float. But it seems there's nothing BLDV can do about that.

In answer to that thought... I think the market has already resolved that issue by looking at the volume that has transpired to absorb the vast majority of the Float over the past few days.

v/r
Sterling