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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ -- Ignore unavailable to you. Want to Upgrade?

To: Jake11 who wrote (1011)	7/21/1999 10:28:00 AM
From: Hockeyfan	Respond to of 1143

Reverse Split ??? Bloomberg shows a reverse split of 1 for 5. I think that somebody got the 1 for 5 dividend of GoProfit.com confused with a reverse split. People on RB were running around like chickens with their heads cut off (panicing) and selling. Rational investors have brought the price back up to $3.50. I expect the price to stay in the $3.50 to $4.00 range until one of the following happens: 1) DDEQ clarifies both the reverse split screw-up and the date of record misconceptions - some people on RB on stating that you can buy now and pick up the dividend becuase the SEQ hasn't officially approved a date of record. 2) The underwriter is chosing and a timeframe for the IPO is set. 3) News of the GoNow acquisition is released. As for me, I am holding.

To: Jake11 who wrote (1011)	7/21/1999 10:28:00 AM
From: dexx	Respond to of 1143

Great News out on GoProfit !!! Diamond Equities Finalizes Dividend and Retains Nationally Known Law Firm for GoProfit Registration TEMPE, Ariz.--(BUSINESS WIRE)--July 21, 1999--Diamond Equities Inc. (OTC BB:DDEQ), today announced that they have retained the nationally known law firm of Tisdale & Nicholson, LLP to prepare a registration statement in conjunction with the national public offering for GoProfit.com, Inc. This is in accordance with the Securities act of 1933. Previously, Diamond Equities Inc. (DDEQ) had issued a dividend to its qualified shareholders of one (1) GoProfit share for every five (5) shares of Diamond Equities Inc. held at the close of the market on July 20, 1999. The GoProfit shares will be issued to the qualified Diamond shareholders once they have been registered with the SEC through the GoProfit IPO. David Westfere, president of Diamond Equities stated, "The retaining of Tisdale & Nicholson is just another positive step in our continuing commitment to GoProfit and to DDEQ shareholders." In addition to its engagement of Tisdale & Nicholson, LLP, DDEQ is in the midst of discussions with a short list of significant potential underwriters. Westfere continued: "We expect to make an announcement soon regarding the choice of underwriter. We will comment as soon as the situation permits. The public offering of GoProfit will depend on market conditions as well as the underwriters calendar. David Holifield, senior vice president and director of creative development for GoProfit.com commented, "We expect the filing date for GoProfit to be projected for August 30th 1999. GoProfit anticipates to be offered to the public at prices commensurate with similar offerings such as CBS Market Watch (Nasdaq:MKTW - news) and Priceline.com (Nasdaq:PCLN - news)." Timing and pricing of the offering will be in accordance with the lead of the underwriter and market conditions at that time. GoProfit, The World's Financial Search Engine, is dedicated to providing the global community with equal access to all pertinent financial information on a timely basis. This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's recent filings. CONTACT: Diamond Equities Inc. David Westfere, 602/462-5900