Replies to post #78297 on Blue Diamond Ventures Inc (BLDV)

[PersianMeow]

That is an extensive history regarding what Alper relayed to you. Besides Alper is there a way to verify what you said.

Such as:

"This project is completely dependent upon the BLDV products and projects that are coming from Israel and Canada."

How so? There is nothing as of yet that supports this statement. I don't doubt your authenticity, just the content. There are barriers that prevent importing cannabis products within the US. Unless it's a licensing deal it's unclear to me how they are dependent.

https://www.cannabislawnow.com/category/importexport-issues/


They are embedded into this project forever. BLDV is responsible for and will do all their project management, construction management, and technology management on their behalf.

For how long? Is it dependent on the completion project? What are the terms? Again, the answer to my questions are essential.

With that- thank you for sharing. If it's done correctly this could be a really big deal but a lot of unknowns and currently just hearsay.

[GreenKnight]

Fantastic post, Sterling. Thank you for sharing this great DD.

[saddis12]

Thank you for sharing Sterling. Very encouraging and validating.

[Rhinegold]

Excellent Sterling, If you can, can you re-post this post of yours (and add the Dharma Pharmaceuticals Cannabis License Approval link in post together, then I can Sticky all the great DD together in one post) Thanks sgsin

[Kool Aid Man]

Par Ventures officials clear up confusion on cannabis project details, offer vision of mall's future

BY DAVID MCGEE | BRISTOL HERALD COURIER Jun 12, 2018

.....“Par Ventures, if we get the license, will have an ownership interest [in Dharma]. It’s my company and I own it wholly. Mike [Michael Johnson Michael Johnson, the Abingdon pharmacist who is a principal in Dharma Pharmaceuticals-- KAM] should have explained that carefully when they had the meeting when he named me as an owner and then named Ken [Ken Stacey-- Clyde's nephew and former Par Ventures President-- KAM ]. I own Par Ventures and I will be one of the owners [of Dharma],” Clyde Stacy said. “He [Michael Johnson] was just real nervous.”

"Par Ventures didn’t sign the state application and has no plans to be involved in running Dharma’s day-to-day operations, Clyde Stacy said."

https://www.heraldcourier.com/news/par-ventures-officials-clear-up-confusion-on-cannabis-project-details/article_02dbd75a-6df7-11e8-9cd2-2f5a5ce45606.html

I wonder why Stacy/ Par Ventures didn't sign the application. Seems he/they are interested in being passive investors. Also, you said--

The gentlemen behind the cannabis project that BLDV had organized and prepared that was granted approval by the state of Virginia was required to put up $10 Million in order for the license to be granted approval by the state of Virginia.

My understnding was that applicants were required to pay a non-refundable $10 THOUSAND dollar fee.. not $10 MILLION. Did I miss something?

[Kool Aid Man]

One would hope these wealthy guys could provide Alper with enough spare change to (a) finally hire a lawyer to provide an "attorney opinion letter" to get the pesky YIELD warning removed and (2) funds to pay for the long promised audit.

I doubt the latter will happen considering the long, dirty history of this shell thanks to previous scammy management. Unfortunately that stuff doesn't magically go away.

[Kool Aid Man]

The gentlemen behind the cannabis project that BLDV had organized and prepared that was granted approval by the state of Virginia was required to put up $10 Million in order for the license to be granted approval by the state of Virginia.

Again, where did you come up with "$10 Million in order for the license to be granted approval?" Everything I've read states that "each bid required a detailed proposal and a nonrefundable $10,000 application fee by the June deadline." https://www.washingtonpost.com/local/virginia-politics/dozens-compete-for-a-piece-of-virginias-limited-medical-marijuana-market/2018/08/20/d8b62aac-a16d-11e8-93e3-24d1703d2a7a_story.html?noredirect=on&utm_term=.c6dac63c982d

Furthermore, the news report I cited earlier today clearly quoted Clyde Stacy as saying "Par Ventures did not sign the application." However, the news article did say that PV would be an investor.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143895317

Are you telling us that all 5 companies who were awarded "provisional approval" have also "put up" a minimum of $10 Million as well? If so I assume that by "put up" you mean they were required to prove they had pockets deep enough to follow through and make good on the the opportunity granted to them. IMO that's not unreasonable as it would help weed out speculators who would have to shop their provisional approval around in hopes of scaring up backers.