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

To: Ga Bard who wrote (6925)	2/5/2000 9:09:00 PM
From: Wes	Read Replies (1) \| Respond to of 6957

Sense? Presently there are about 60M shares outstanding. If all the shares under the "plan" are issued there will be 600M. It doesn't take much math to see the result--existing shares will be reduced in value by a factor of 10 to 1, or 90%. Another way of saying it: instead of 12 cents a share value it will be 1.2 cents. Then do a reverse 10-1 split and existing shareholders will see whatever value they have still reduced by 90%, even though outstanding shares are again 60M. The potential for a real dirty trick on present shareholders will be in place once this "plan" is approved; of course in these scenarios the "insiders" often get a lions cut of the newly issued shares before the reverse split so they are not hurt. Just poor old "Jonn or Jane Q. Public" gets the shaft. I suppose some new "investors" are considering taking over the company and want to "dispose" of the existing shareholders; they figure if these "dopes" receive 10 cents on every dollar they have in the company they should consider themselves lucky. After all, isn't it better to have 10% of something rather than 100% of nothing? That's usually how the argument goes. And if we new "investors" are putting up money to get this turkey going you "dopes" are fortunate to have anything left. Get lost. I don't know if the above is exactly how it will play out, but it's a likely result. I'm glad I'm out.

To: Ga Bard who wrote (6925)	2/6/2000 9:08:00 AM
From: im a survivor	Read Replies (1) \| Respond to of 6957

Gary, Sickening isn't it ? I was gonna say unbelieveable, but frankly, it is quite believable with this company. It's called "taking candy from the baby"...looks like Lu wants all the candy he can get from folks that don't know any better. My guess...and mind you, it's just a guess, is this is DMEC's last stand. James' last chance to get out and get something out of it. You need a business plan that will eventualy generate revenue to stay in business. What does this company have except alot of fantasies and stock to generate a market capital. Look at their history. They have no identity and therfor keep looking for one. All these deals that fell thru...jade and etc, etc, etc...They certainly aren't going to stay in business selling cheap card tables and toys for $9.95 that are discontinued and available at the dollar store for a buck. Personally, I think the sec really needs to clamp down on public companies. I mean, they need to simply add to the criteria to qualify for trading publicly. There is no reason that companies like dmec, euto and etc, etc, exist just so they can take unsuspecting people's money. Additionally, the folks involved need to be held accountable. Bogus news is rampant in otc world. Companies can get away with way, way too much. Rememeber all Dmecs deals. All these killer $300k deals. Jade and all the secrecy and etc, etc...I gave Lu the benefit of the doubt for a long while. mIt became apparent to me that at this point DMEC was gonna have to execute...to prove, that it was a viable company and a good investement for shareholders. I questioned all the deals. Questioned the secrecy behind all the deals. I didn't buy all the proprietary info excuses we got. If you just did a deal for $300k great.I don't need anything proprietary, just let me know how the finances of the deal were laid out. As part owner, I am entitled to know if we are collecting $300k upfront, net 60 days, are we giving full credit...trading for cheap card tables and etc, etc. That is not proprietary info and if you are going to tell all your part owners that you just did this huge deal for a lot of revenue, then you best tell us the specifics of how we collect that $300k. It was just ridiculous. The more I looked the more things looked rotten. Anyway, I hope folks got out with the last run, or can get out soon at a decent number, and I sincerely hope somebody points out this company and it's antics to the SEC. Great sunday to all KG