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

To: hkhan who wrote (261)	7/7/1998 10:40:00 AM
From: Sapper MSG	Read Replies (1) \| Respond to of 381

News out canceling the merger and dividends. I've heard of this happening and there was a good reason for it the last time I saw it. Still makes us a bit nervious, but these guys know what they are doing. Let's see if they hold it above .60 or better. Sapper Tuesday July 7, 8:41 am Eastern Time Company Press Release Alpha Diamond Corporation Rescinds Merger MICHIGAN CITY, Ind.--(BUSINESS WIRE)--July 7, 1998--Alpha Diamond Corporation (OTC BB:ALDM - news), a Nevada Company, announced that it has rescinded its merger with ''Angola Diamond Corporation''. In rescinding the merger it was noted that certain Executory promises were not met and certain conditions subsequent did not materialize. All exchange of stock and mutual equality positions have been voided as well as stock dividends scheduled as a result of the merger. ------------------------------------------------------------------------ Contact: Richard Brodzik, 416/244-6373