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


To: im a survivor who wrote (5934)8/27/1999 11:33:00 AM
From: Ga Bard  Read Replies (2) | Respond to of 6957
 
I now have three callers that are asking for inside infornmation and get hostile when I do not supply it.

Unbelieveable. Everyone can run the business better than James it appears. Well I have broke bread with James and to date he has never lied to me. His integrity is solid and he could have done a lot of things prior to this turn around.

Example: Since TMex ran it to .50 and acitvated all the stage in options, warrants and debentures. That run actualy complicated the company instead of helping it. James could have done something after all the warrants and options have been exercised to reduce the stock structure but is adamant about not hurting one shareholder.

There is a lot Diamond could have done in the turn around like major dilution but there has been on dilution until this last s8 where it was done for strategic alliances to get a better position in the Club Chain Stores and overseas strategic alliance also.

James filed a 144 the first time since his has been CEO just recently on the news of not doing the 16M convertible debt. I do not know but I doubt it is for his personal gain.

The first sell of 144 did not hurt the stock nor tank it and the money from the 750K Jeff sold when right back into the company to exercise an optionhe had.

Also James settled some of the oprions (3.8M) from his personal holding thus no dilution.

He has also distributed other conversion settlements out of his holdings. It is all in the filing. ALl the warrants, options conversions and all has not increased the OS since I posted it in February till just recently.

Also Diamond is starting to get sells ... would be nice if they could get another 0 on those orders but you take what coems in. Hopefully this Royal West will do something impressive. Also the overseas contact.

The 7/11 deal was done and the client not announced but it was discovered when the product hit the shelves.

I am waiting for certain things to close and really turn this company around.

:-)

Gary Swancey
Paid IR in cash and 250K stock option