Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ga Bard who wrote (6932)	2/6/2000 8:27:00 PM
From: Wes	Read Replies (1) \| Respond to of 6957

Gary, it seems clear Mr. Lu has to sell, or as he says merge. Everyone knows, or should know, that the cupboard is bare when it come to cash and the negative equity is some 12M bucks or so the last time I looked. With that staring him in the face any "investor" buying this company is going to want something. My experience, and I have some, is they will probably want 80-90% of the company. Since Lu and other insiders have large blocks of stock they may, probably will, do better than that. Maybe Lu and all will even get some cash as well. But for the regular shareholder it's batten down the hatches. It's either stick with it and hope this new "owner" will treat the little guys right or bail out before the ship sinks. It does not matter how the deal is structured. 600M,60M, 6M, whatever, the percentage ownership figures will still be the same. Again, this is just my opinion. I hope Mr. Lu can do better for the little guys.

To: Ga Bard who wrote (6932)	2/7/2000 8:08:00 AM
From: im a survivor	Read Replies (1) \| Respond to of 6957

Gary, I had no doubt that James would have a good explanation. Heck, he may even be correct, although it all sounds very odd to me. You mention that he told you he was not planning on doing a RS, just wanting to get the authorization to do so. All I can say is I would be very cautious at this point. If I went to the hospital to have my appendix out and the doctor said he wanted authorization to take out my heart, even though he was not planning on actually doing it, I would be very skeptical. Have a great day

To: Ga Bard who wrote (6932)	2/7/2000 10:11:00 PM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 6957

I sure hope he's not paying anybody any real money for the advice he's getting; there is absolutely no requirement to reduce authorised shares by the same ratio as the share reversal. The authorised can be left where it is, or it can be reduced in proportion. How do you think Dan Kesonen keeps the presses running at redline RPM over at NTAH? He ran a barbwire-wrapped reverse split fencepost up the gazoos of those shareholders by surprise in the middle of the night, and the authorised was left unscathed and still standing when it was over. Who the hell is James' advisor, Earnest P. Worrell?