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 : ALDM - Anyone know anything about this company? -- Ignore unavailable to you. Want to Upgrade?

To: JOEY who wrote (137)	6/17/1998 5:41:00 PM
From: Sapper MSG	Respond to of 381

Don't you just love days like today! Think the future will even be better. Sapper

To: JOEY who wrote (137)	6/17/1998 5:45:00 PM
From: Sapper MSG	Respond to of 381

All ALDM SHORTER's. Better read the above PR. :)~~ Sapper

To: JOEY who wrote (137)	6/17/1998 6:59:00 PM
From: Bill Evans	Read Replies (1) \| Respond to of 381

Lets see now; as I understand it I will receive 1 share of "A" preferred stock in African Resources Inc. for every share of common stock I now hold in Alpha Diamond Corp. as a dividend after the ex-dividend date. Then as I understand it my common shares in Alpha Diamond Corp. will be converted to "B" common shares of African Resources Inc.. If this is correct, all I have to say is WOW!

To: JOEY who wrote (137)	6/17/1998 9:43:00 PM
From: P.E. Allen	Read Replies (1) \| Respond to of 381

Here is how I see this dividend and new stock situation: We with Alpha Diamond shares, will be given one share of the A/RES =common B shares for the old A/Diamond shares. We shareholders of record, will receive one share of the class A preferred for each share of the old A/Diamond shares. These shares will receive a cash dividend of 3% of the net revenue on an annual basis, (only when there are earnings and it is not cumulative). Now the class A common will be more than likely sold to raise working capital as well as the class B preferred (which has a 5% cash dividend attached to these shares). So in effect, we have a stock dividend (instant profits as soon as they start trading) and those shares can provide us with a quarterly income stream in the form of a cash dividend. As you know, this will have some dilution in the share value of the common.