SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rocket rider who wrote (5833)8/24/1999 11:18:00 AM
From: TraderGreg  Read Replies (2) of 6957
 
I think a lot of people are failing to grasp a certain element of SEC reporting...the time delay.

As you pointed out, the bad news is OLD news. People need to focus on a paragraph in the 10Q called subsequent events.

Since the Q covers a period that ended 6/30/99, this subsequent event paragraph discusses items of interest/material events that occurred AFTER 6/30/99 but PRIOR to the filing date of the 10Q.

The key paragraph as reported to the SEC and sworn to be accurate is this one, from NOTE 19 to the financial statements, Subsequent Events:

[B] DEBT CONVERSION CANCELLATION - The Company negotiated and intended in July of 1999 to convert certain related party payables totaling approximately $1,900,000 into shares of the Company's common stock. On August 5, 1999, the option to convert was canceled.

TG

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News