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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?


To: madmax_4473 who wrote (4550)6/10/1999 4:07:00 PM
From: mulla711  Respond to of 6957
 
makes them more liquid and warrents effective in a year... :) mulla711



To: madmax_4473 who wrote (4550)6/10/1999 4:09:00 PM
From: rocket rider  Read Replies (2) | Respond to of 6957
 
What is everyones take on this. Doesn't this mean even more shares ?
Someone must like it the ASK is up to 17.7


Debt elimination is money in the pocket. The MM's jacked the ASK
up the second the news hit. What does that tell you? The MM's know
this is FANTASTIC news. When the Q comes out in Aug, the finacials
will be GREAT, because of the elimination of that debt. Don't
know if it will show up on the K, this 29th. The MM's seem to expect
a LOT buying , by jacking the ASK up that much and so fast.

RR



To: madmax_4473 who wrote (4550)6/11/1999 9:57:00 AM
From: Richard L. Williams  Read Replies (1) | Respond to of 6957
 
It's good news...it takes debt which is costing the company interest and turns it into restricted shares, which are not all that dilutive (now) and shows that the holders of the debt are willing to do this in the belief that this company is going somewhere.

It looks good to me...not earth-shaking, but it is a foundation-laying news release that portends good things for the future.

Cheers!
Rick