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: Ga Bard who wrote (6932)2/6/2000 8:27:00 PM
From: Wes  Read Replies (1) of 6957
 
Gary, it seems clear Mr. Lu has to sell, or as he says merge.

Everyone knows, or should know, that the cupboard is bare when it come to cash and the negative equity is some 12M bucks or so the last time I looked.

With that staring him in the face any "investor" buying this company is going to want something. My experience, and I have some, is they will probably want 80-90% of the company. Since Lu and other insiders have large blocks of stock they may, probably will, do better than that. Maybe Lu and all will even get some cash as well.

But for the regular shareholder it's batten down the hatches. It's either stick with it and hope this new "owner" will treat the little guys right or bail out before the ship sinks. It does not matter how the deal is structured. 600M,60M, 6M, whatever, the percentage ownership figures will still be the same.

Again, this is just my opinion. I hope Mr. Lu can do better for the little guys.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News