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

To: KevinMark who wrote (4556)	6/10/1999 4:35:00 PM
From: h8_2_b_l8	Read Replies (1) \| Respond to of 6957

There have been 6-7 100,000 blocks sold every day with the exception of the last 2 days. No news during that period either. Now no more block sells, news, and the ask moves up. I would assume those 100,000 blocks were being sold to finance their debt. Good observation

To: KevinMark who wrote (4556)	6/10/1999 6:04:00 PM
From: rocket rider	Read Replies (1) \| Respond to of 6957

. I would assume those 100,000 blocks were being sold to finance their debt. I think you assumed wrong. First, if DMEC was having to sell shares to finance debt, they would have been laughed out of the building, when they tried to offer this lastest deal. A company in that position stands a great chance of filing chptr 11, a year from now and their stock price would be nearly nothing. They would have told DMEC to sell shares on the open market and to keep paying as they had. You can bet DMEC didn't pay the creditors with 1.9 million worth of stock. The creditors must think, the number of shares they were given, will be worth 1.9 million or more, a year from now. And maintain that price, until all shares are sold. And I think everyone has forgotten the Joe DiMaggio PR that came out. Here is an old message talking about it. To: Louies Pizza (1476 ) From: David Sirk Wednesday, Mar 10 1999 1:13AM ET Reply # of 4561 This is BIG World Wide News Service Picks up on the Story! First time for DMEC!! d Tues Mar 9, 1999 23:04 GMT By Bridge News New York--Mar 9--Diamond Entertainment Corp. signed a master distribution pact with a licensing company with exclusive marketing rights to Joe DiMaggio baseballs and bats. The company expects the agreement potentially will generate $4 million in sales and $1 million in profits over the next several months. * * * The following is the text of today's announcement with emphasis added by Bridge News. BridgeStation links to company data have been inserted at the end: Diamond Entertainment Announces Signing of a New Master Distribution Agreement Featuring Joe DiMaggio Commemorative Baseballs and Bats It seems DMEC has a way of making money to pay debts.