Replies to post #79651 on Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

As I see it Cann10-NA is currently a US company and Josh is offering some percentage to an Israeli company for this merger (maybe it will happen this century). There does not appear to be any limit of how much a Israeli company can own of a foreign company.

The clear implication by many here is that a "merger" between BLDV and Cann10-NA is all but certain. Currently 75% of that Canadian franchise is owned by others.. not BLDV. At last report Josh was offering to acquire 51% (26% more than currently owned) in exchange for more shares. Frankly, I don't see enough share value left to equal the same $750k in value the first 25% cost BLDV.

$750,000 / .0005= 1.5 BILLION shares

Authorized Shares= 5,799,499,999 (5.8 billion)

Outstanding Shares=5,385,585,689 (5.39 billion)

Remaining common shares left to issue= 413,914,310 (414 million)--far less than the 700 million shares Josh gave them one year ago this month. If those remaining shares were issued their value --at today's .0005-- is a mere $207k.

The last disclosure revealed 100% of Preferred B shares had been issued. They convert into common at 3-for-1. It also said 97,500,000 of the 200,000,000 Preferred C shares had been issued. That leaves 102.5 million which convert into common at a rate of 10-for 1 (1.025 Billion).

1,025,000,000*.0005= $513K

TOTAL REMAINING COMMON AND PREFERRED (when converted to common)have a current value of $782,500. That's all the powder this company has left unless share values suddenly rocket upward.

IMO if Josh wants to barter shares for equity he may be forced to print and issue even more shares.

Israeli companies can buy or own shares of foreign companies like BLDV. IMO if Cann10-Israel wanted more of BLDV they could have the rest of the common shares for $270k