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Strategies & Market Trends : Wayne Rumball's tax write offs -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (138)	6/19/1998 8:37:00 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 205

Gee, I don't know, everything has already been beaten down so far it's hard to find stocks that can go lower... Wait, ran across something yesterday, let me get the BS DD and get back to you, hopefully before market open so you can place a market order and get in at a very high price...

To: Tom Allinder who wrote (138)	6/19/1998 8:41:00 AM
From: Wayne Rumball	Respond to of 205

Found it sooner than I thought I would. Now the way I see it, anyone that owns this stock has spent the better part of yesterday trying to figure this out. Having come to no conclusion, the wrong conclusion, or maybe even the right conclusion, well around noon they'll just sell out of frustration, JMO; Wednesday June 17, 4:06 pm Eastern Time Company Press Release Alpha Diamond Corp. Announces Dividend, Capital Stock Restructure And Change Of Name To African Resources, Inc. TORONTO--(BUSINESS WIRE)--June 17, 1998--ALPHA DIAMOND CORP. (OTC/BB:ALDM) announced today that the shareholders have voted to change the name of the corporation to AFRICAN RESOURCES, INC. and to restructure the capital stock of the corporation to include two classes of Common Stock and two classes of Preferred Stock. The new Preferred Stock entitlements include: Class A Preferred - 3% of gross net revenues to be issued as a Dividend and Class B Preferred - 5% of gross net revenues to be issued as a Dividend. The Company also announced a stock dividend for all shareholders of record. Under the terms of the stock dividend, shareholders of record will receive One Class A Preferred Share of AFRICAN RESOURCES, INC. for each Common share of ALPHA DIAMOND CORP. Common Share Stockholders are advised to exchange their certificates evidencing Common Shares of ALPHA DIAMOND CORP. for Class B Common Shares of AFRICAN RESOURCES, INC. immediately. The exchange is to be effected on a One Common Share of ALPHA DIAMOND CORP. for One class B Common Share of AFRICAN RESOURCES INC. Under the terms of the stock dividend, Stockholders of record will receive One Class A preferred Share of AFRICAN RESOURCES, INC. for each common Share of ALPHA DIAMOND CORP. To Qualify for the stock dividend, Stockholders must convert their current Common Shares into the new Class B Common Shares of AFRICAN RESOURCES, INC. on a one for one basis. Further details of the transactions shall be outlined in a shareholder mailing . Shareholders are advised to contact the company directly should they have any questions or concerns @ 1-800-216-5334. Rick Brodzik, president of ALPHA DIAMOND CORP. stated, ''The Company is structuring itself for a new fiscal year which will see ALPHA DIAMOND CORP. develop its Konkoure River concession into a viable full scale mining operation in western Africa. The name change more aptly describes the broad spectrum of our future mining operations and the capital stock restructure affords us a class of securities for future financing through our investment bankers - to be effected during the third quarter of this year- without diluting the present equity ownership of our stockholders.'' In a previous press release, ALPHA DIAMOND CORP. announced the terms of a $5,000,000 Investment Banking package with Union Trading-Financial Ltd. of Amsterdam, Netherlands. Regarding the Dividend, Mr. Brodzik state, ''The Class B Preferred Dividend is the company's means of rewarding those shareholders whom have loyally supported the company's efforts. Our principal gold and diamond concession on the Konkoure River, Guinea, West Africa, has had soil samples from various locations in the mining concession submitted to ''Noble Metal labs, of California, as well as ''American Assay Laboratories,'' of Nevada, which verify the presence of Gold and Titanium.'' This press release includes statements which may constitute forward looking statements made pursuant the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which could cause or contribute to such differences include, but are not limited to factors detailed in the Company's Securities and Exchange Commission filings.