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


To: Cola Can who wrote (3865)5/22/1999 2:26:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 6957
 
James hires this consultant and immediate results come. Things start happening and the internet screams dilution when they discover the reason for the sudden interest. People that make a living in this arena that are honest and forth right do not hurt the company with their stock. Most sell on an UT at the ask if they are selling at all.

(a) The implementation of short-range and long-term strategic
planning to fully develop and enhance the Company's assets,
resources, products and services;


(b) The implementation of a marketing program to enable the
Company to broaden the markets for its services and promote
the image
of the Company and its products and services;

9

(c) Advise the Company relative to the recruitment and
employment of key executives
consistent with the expansion
of operations of the Company;

(d) The identification, evaluation, structuring, negotiating
and closing of joint ventures, strategic alliances, business
acquisitions
and advice with regard to the ongoing managing
and operating of such acquisitions upon consummation thereof;
and

(e) Advice and recommendations regarding corporate financing
including the structure, terms and content of bank loans,
institutional loans, private debt funding, mezzanine
financing, blind pool financing and other preferred and common
stock equity private or public financing.


The 6M is a total for consultants in two S8s. LOL .. I negotiated too cheap! This is my last post. Do what you got to do!

Gary Swancey

Paid IR in cash and 250K stock options




To: Cola Can who wrote (3865)5/22/1999 4:43:00 AM
From: Drex  Respond to of 6957
 
Cola can. Thanks for sticking up for this stock. IMHO, one guy sitting on the fence can't hurt a company with this much going for it. We're going up no matter what anyone says.



To: Cola Can who wrote (3865)5/22/1999 4:58:00 AM
From: Mad_Mouse  Read Replies (1) | Respond to of 6957
 
Everyone has overlooked one thing: the consultants have had a month to dump their shares if that was their intention. The shares have already been absorbed if they did in fact sell.

From the S-8:

This Consulting Agreement (the "Consulting Agreement") made as of April 12, 1999....

The Company will IMMEDIATELY grant Consultant the option to purchase 2,000,000 shares of the Company's Common Stock with an exercise price at $.05 per share, which option shall expire on April 11, 2000 at 5:00 P.M. P.S.T.

I agree with you, Coca Cola, about the consultants being professionals and not selling. If they are good at what they do, then they can make much more later after they have used their skills to increase the value of the company. Basically, they are investing in their own abilities to enhance the worth of the company. To sell would show a lack of confidence in themselves, and they would have a very hard time finding consulting work in the future. I sure as hell would not hire them.

DMEC had two choices: 1. Spend less money but more time growing the company by themselves, or 2. Spend more money but less time by hiring professionals to help. (It's the same decision I have to make whenever my car breaks down. Do I spend less money but more time fixing it myself? Or do I have a professional mechanic do a better job? I usually fix it myself, then fix it again, and again, and then I wish I had taken it to a professional because I ended up spending just as much in the end, but for an inferior job. Not to mention all the time I wasted. Doh! Hehe).

I think these consultants will be well worth it. :)