Replies to post #59399 on Blue Diamond Ventures Inc (BLDV)

[Gemma]

Thanks for the info.

[Kool Aid Man]

"..the resolution filed on 4/30/2017 that states 200,000 million Preferred C Shares:
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20171337708&masterFileId=20161257384

The amended Articles of Incorporation filed on 5/1/2017 by BLDV states two hundred (200,000,000) shares:
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20171341760&masterFileId=20161257384

I must admit that it could have probably been written a little less confusing as I have confirmed that there are no near plans for issuing those Preferred C Shares."

Again, there's no proof that these newly authorized "C" shares are restricted or that some of them have not already been issued.

They were obviously authorized because --with the difference between the A/S and the O/S reportedly being 1 billion-- management clearly felt the need to have them. Apparently a mere 5.8 billion common isn't enough. Those 200 million preferred "C" shares convert to 2 BILLION common which will most certainly dilute the value of those previously authorized.

Management has chosen NOT publicly announce this action and explain their intent. IMO that's because they know it will adversely impact the perception investors have that the remainder of the original A/S is limited (20% remaining) which they believe will cause the PPS to rapidly rise.

Also, here is the control confirmation piece regarding the Preferred Stock Series A that someone was asking me about a few days ago too since we are referring to this document at the moment:

Quote: http://www.sos.state.co.us/biz/ViewImage.do?fileId=20171341760&masterFileId=20161257384
The number of shares of Preferred Stock Series A this Corporation is authorized to issue is one (1) share. The Corporation hereby designates one (1) series of Preferred Stock, namely Series A, which is non-convertible into common stock and holds 100% voting rights.

Even with 7.8 billion authorized and issued, this single Preferred "A Super Vote" share gives Joshua Alper 51% of the vote in this company.. in addition to any other common or preferred shares he holds. So regardless of what happens, Alper can out vote even someone even if that person holds all 7.8 billion common!!!