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

To: mulla711 who wrote (4278)	6/3/1999 5:58:00 PM
From: Elio Madama	Read Replies (2) \| Respond to of 6957

*****LAST MINUTE UPDATE ON DMEC******* I just called the Transfer Agent. We have NO DILUTION going on. Market Makers games to get cheap shares. May 25, 1999....Outstanding shares..........56.657.521. June 3, 1999....Oustanding shares...........56.664.732. TA phone # 212 509-4000. LET'S GO DMEC.......!!!!!!!!!!!!!! Elio

To: mulla711 who wrote (4278)	6/3/1999 7:02:00 PM
From: h8_2_b_l8	Read Replies (1) \| Respond to of 6957

This is very interesting. Mulla you may want to look this over to ensure accuracy, but this is what the trading looked like when we had our drop from 2:00 until close. 27 Sells totaling 465900 60 Buys totaling 509900 14 inside spread totaling 244500 I included market orders above the ask into the buys.

To: mulla711 who wrote (4278)	6/3/1999 9:13:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 6957

So, once agains counting those inside the spread as sells (feeding captive brokerages), buys once again outweighed sells, albeit by a narrow margin. That the MM's were able to use this as a means to walk the stock down 3¢ just shows what we knew all along--they do what they danged well please. An MM short situation usually works against a stock...today is good evidence as to how. Rick