Replies to post #72815 on Blue Diamond Ventures Inc (BLDV)

[emit]

Isn't that like 3-4 months old?

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[Kool Aid Man]

"The PPM has been completed and funding is expected soon"

That refers to the legal document Alper hired Trowbridge & Sildoti draft. Now all he has to do is find someone to invest in it

A private placement memorandum (PPM) is a legal document provided to prospective investors when selling stock or another security in a business. It is sometimes referred to as an offering memorandum or offering document. A PPM is used in “private” transactions when the securities are not registered under applicable federal or state law, but rather sold using one of the exemptions from registration. The PPM describes the company selling the securities, the terms of the offering, and the risks of the investment, amongst other things. The disclosures included in the PPM vary depending on which exemption from registration is being used, the target investors, and the complexity of the terms of the offering.
https://www.nolo.com/legal-encyclopedia/what-is-private-placement-memorandum.html

[Kool Aid Man]

AMS needs $12 million or $20 million????

On Sept 6th Alper said it was $12 million

AMS Farms Canada – Fund Raising Continues

The Private Placement Memorandum that will be used to finalize the investment transaction has been presented to AMS, and is now in final review. This will PPM will raise the $12 Million required for the construction of the 50,000-sq. ft. facility in Hanover.
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=27159

Now in his Q3 he says it's jumped to $20 MILLION

4) Blue Diamond Ventures, Inc. Wholly owned subsidiary Blue Diamond Consulting, LLC has been worked alongside AMS to prepare a 20 Million USD private Placement Memorandum, to raise funds needed to complete AMS’s fifty thousand square foot cultivation facility in Ontario. The PPM has been completed and funding is expected soon.

Source - F/S Note 6 - Subsequent Events Extract above from 2017 Q3 10Q: https://www.otcmarkets.com/financialReportViewer?symbol=BLDV&id=182588

That's a 66.66% jump!!!

That's $20 million needed just for AMS.. to build out an giant empty shed owned by some guys who have no license and apparently zero experience growing, producing or selling "MEDICAL" grade marijuana. What exactly is it that makes them and their unfinished building worth investing $20 million in vs hundreds, thousands of other properties out there?

On Dec 1, 2016 Alper wrote "Other real estate transactions include ongoing talks regarding the acquisition of AMS farms in Ontario, Canada, and purchase of property in Bend, Oregon for a Tier II License by a client of Blue Diamond Consulting."
http://www.otcmarkets.com/stock/BLDV/news/Blue-Diamond-Ventures--Inc--unveils-Strategic-Plan-for-Cannabis-Real-Estate?id=146156&b=y
Despite that early announcement, the stock remained stuck in mid-trips until his PR of April 20th.

I just don't see how AMS will never happen.

[Gan]

"The PPM has been completed and funding is expected soon".. Hope they have some big pocket investors in mind when they say "soon".
$BLDV