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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ -- Ignore unavailable to you. Want to Upgrade?

To: Little Engine who wrote (121)	5/18/1999 12:49:00 AM
From: Brad	Read Replies (1) \| Respond to of 1143

Little Engine, The latest 10Q filing says, "The class A Preferred shares have been replaced by Class B shares..." (Page 10) sec.gov There are 18,000 Class B Preferred shares that appear to be convertible into 18 million common. That would bring the total outstanding shares "fully diluted" to about 22.6 million as I DID mention in the overview post #114 under the "SHARES" section. Please read it. Since those shares would represent a substantial percentage of the total outstanding, we should watch for when those insiders might file with the SEC to sell. Here is the list of "Insider Trades." Right now, it lists only "buys" by the CEO of DDEQ, David Westfere. biz.yahoo.com The 10Q also says on Page 10, "No demand has yet been made on the Company by the Preferred shareholders." I guess we would have to ask the Preferred Holders why they have not made any demand for payment. We can only speculate on their motivation. The 10Q also says on Page 9, "The Company believes that its existing cash and anticipated cash generated from operations will be sufficient to satisfy its currently anticipated cash requirements for fiscal year 1999." So it would appear from the 10Q that they are paying their other bills.