Diamond Entertainment Corp (Previously DMEC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cola Can who wrote (5806)	8/24/1999 10:21:00 AM
From: DuGen	Read Replies (2) of 6957

"What's bad about it?" (the 10K) Without even touching on the dollars and cents, there were several statements that could be the kiss of death here. Look at the second page, under "Operations". 1st paragraph talks about using debt to equity conversions. They are going to use more stock to settle their debts and for future financing. They're talking more dilution. Then the 2nd paragraph talks about their difficulties in paying vendors on a timely basis. No vendors no products no sales. So it also says These factors create uncertainty whether the Company can continue as a going concern. Then way down there on page 6 under "Results of Operations". The very last paragraph on the following page says The Company's auditors have issued a going concern report. That is not a good thing to see. And I haven't even touched on the financials and the P/L stuff. I guess that should be the L/L stuff. If DMEC thinks they can pull this off, they've got to stop throwing stock around, build their reputation back up with the vendors, and get their web site noticed. And I strongly suggestion that they start doing this no later than yesterday. DuGen

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next