Replies to post #65762 on Blue Diamond Ventures Inc (BLDV)

[GreenKnight]

Eltron PAA Info (use in Food space) FDA sheet:

https://www.fda.gov/downloads/Food/IngredientsPackagingLabeling/EnvironmentalDecisions/UCM388733.pdf

Technology will be used in cannabis market !

[Kool Aid Man]

4)(Q)-Are there any convertible notes in place, issued by you since becoming CEO or under past management?

(A) No, none and none that we are pursuing.
https://www.otciq.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=26079

Q1 2017 (pages 10-11)-->

NOTE 3- DEBT

1) Blue Diamond Ventures, Inc. in May 2016 entered into an agreement with a private party for a 12-month loan of $7,000.00 USD operating capital which has an interest rate of 6%. The noteholder may exercise this note into 7 Million Shares of common stock (par value 0.001), or adjusted to an amount of stock determined by current offerings within one year or the loan, and if so converted be bound by a minimum one-year restriction and a leak out provision, if holder should choose to exercise their conversion option.

2) Blue Diamond Ventures, Inc. in September 2016 thru November 2016 entered agreements with a private party for a 12-month loan of $50,000.00 USD operating capital, which has an interest rate of 10%. The noteholder may exercise this note into 50 Million Shares of common stock (par value 0.001), or adjusted to an amount of stock determined by current offerings within one year or the loan, and if so converted be bound a minimum one-year restriction and by a leak out provision, if holder should choose to exercise their conversion option.

3) Blue Diamond Ventures, in December 2016, Inc. has entered into a 12-month promissory note with an individual for $5,000.00 USD with a 6% interest rate, the noteholder may exercise this note into 5 Million Shares of common stock (par value 0.001), or adjusted to an amount of stock determined by current offerings within one year or the loan, and if so converted be bound a minimum one-year restriction and by a leak out provision, if holder should choose to exercise their conversion option.

https://www.otcmarkets.com/financialReportViewer?symbol=BLDV&id=172665

Josh Alper claims he has been CEO for 1 year/ 4 months --so since about Feb 2016. Therefore it appears he WAS in office at the time these notes were issued-- contary to his statement.

Can anyone explain why a lender would enter such deals for shares pegged at .001 when the PPS at the time was in DEEP TRIPS? Why would anyone do that you ask?

As I understand these things, if BLDV falls below .001 by the time these noted come due, they will have to issue notes at a much deeper discount in order to "true up" the debt they owe.

Regardless, the total of these notes BLDV acknowledges owing amounted to 62 MILLION shares (plus 6-10% interest monthly) priced at .001. 7 million of these shares supposedly came due in May 2017. So 7 million shares dumped at, say .003, comes to $21,000 not including accumulated interest --all for a $7k investment.

The big dump of 50 million shares happens in September.. 2-3 months from now.