Replies to post #86760 on Blue Diamond Ventures Inc (BLDV)

[Gemma]

They can't do a reverse split unless the DTCC approves it and last time Josh tried to do a reverse split, they were denied by the DTCC.

Also there is an additional billions of shares that would hit the market if the preferred shareholders convert their shares to common. That would bring the total up to somewhere near 8 billion shares.

Hopefully they can find a way to bring the share structure down to some reasonable amount.

[Gemma]

The real number is closer to 8 billion shares if the preferred shares get converted to common.

My opinion is if they could do $12,000,000 in revenue and earn 6-7 million in earnings, then the price might go to 2-3 cents per share with an outstanding share count of 8 billion. Bringing the share count down from there would help the share price drastically.