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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ

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To: Brad who wrote (659)6/18/1999 6:08:00 PM
From: stockman_scott  Read Replies (2) of 1143
 
I'm holding all of my shares and may buy more on Monday. I sure like the price. It looks like immature shareholders may have helped to cause the sell-off. Check out this post from Raging Bull's DDEQ thread:

<<By: jerseyboy
Reply To: 3752 by TheSaint Friday, 18 Jun 1999 at 5:45 PM EDT
Post # of 3764


I just talked with David. I called him, left a message, and he returned my call. This is the truth, and if you review my posting history, you will realize that I don't post garbage. He said that a shareholder had called him on Thursday to suggest that a press release be put out on GoProfit. David and the GoProfit people did not feel that they were ready to put out a release, as the bugs had not been worked through sufficiently to do so. The shareholder became irate, and said that David should be removed from his position, and that the company would hear from him. This morning, the shareholder drafted his own press release and called it in to Business Wire, which made a mistake in accepting it and put it out as a company release. When David and GoProfit found out about it, they were quite upset, and consulted legal counsel, who suggested a retraction, which was then made. People, we need to let the company go on with the business of getting this thing ready to IPO, and we need to stop trying to influence the company to do things they may not be ready to do. I have a lot of shares of this, and it's hurting the image of the stock to have a situation like this happen. David is working on a stock dividend, which we will get if it is legally feasible, and he also is working a on rights offering which would follow the stock dividend. The IPO may be delayed beyond the early August time frame, due to the necessity of properly developing the business which is to be IPO'd taking priority over the drafting of the S-1 filing documents, as there is only so much time to be spent on all activities. If we are patient, and let this develop naturally as it is planned by management, this is easily a three-bagger from this level. We also have the potential to hinder the process and screw it up for ourselves. Let's try to show some restraint. >>

I am investing in DDEQ for the LONG RUN.

Best Regards,

Scott



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