Diamond Estates Wines & Spirit Inc V.DWS

RE:I COULDN'T PREDICT THE AWFUL DOWNFALL OF DIAMOND (DWS.V)

[Joe455]

modulex wrote: The company has consolidated its shares approximately one year ago to now have a float of 27,876,044 shares.

 

LASSONDE, its largest shareholder, i believe has a cost of $0.19/per share for its investment, which is translating by $1.90/share given the 1 : 10 shares roll-back approximately a year ago.  A panelist on stockhouse.com has indicated that the company is facing a covenant default with a lender, i believe a financial institution.

 

I dont think that the company will declare bankrupty nor that LASSONDE will wait to take over the whole company at bankruptcy level.  I have personally bought 500 shares at $1.00 after the consolidation took place, then another 500 shares at $0.75.  I had a feeling at the time of the approximate 1-year ago roll-back of shares that this stock is treacherous given its downfall from $1.75 after the approximate year ago consolidation and now at a 52-weeks LOW of $0.56.  A lot of shareholders have been burnt buying above $1.00.  How desperate can the stock-market be with some companies like this one.  Minority shareholders must stand up together and write to management, even LASSONDE.  Put pressure by all means to get answers of what the heck is going on?  Keep in touch if you have any plans, suggestions in mind to steer action on this company.

Stephen is the largest shareholder and he should be pumping it again on BNN soon. You might get a 10 cent pop that will last a day or two.