If anyone can help me out here I would appreciate it very much. I have been a shareholder for many months and have taken a very large loss in the stock. The reason I bought this stock I felt he was a conservative ethanol play due to its press release on Monday May 8 that they report record revenues and net income for fiscal 2005. The company posted 5.89 million and net income of one million. The press release also states that blue diamond anticipates exceeding revenue goals moving forward.
When I called John moaning and asked him how we were generating profits. He got paranoid and started questioning me if I was a shareholder. He told me I had to prove to him that I was a shareholder before I could speak to him.
I had to fax over my positions in both Track Data and E*TRADE.
I also sent the following e-mail as well to John Moaning.
John Moaning,
I think it is very un orthodox to make me or any other shareholder to prove to you that they are share holder. I invested in this company as a conservative investment In the Bio-fuels Industry. You stated In a May 8 press release an agriculture, biofuels and commercial development company, announced today audited fiscal 2005 financial statements. The company posted record revenues of $5.89 Million and net income of $1.03 Million for fiscal 2005 as compared to revenues of $5.14 Million and $923,000 net income for fiscal 2004. That is why invested in you company. When I last spoke to you a couple months back at a much higher share price you avoided answering my questions. I asked you how we were earning her money and he said that the earnings are coming from areas outside of the goat farming business. When asked what that was, you seemed to get paranoid and start questioning who I was. I hope once and for all you can call me and and we can discuss the future of this company and what is happening currently. I would like to lower my cost penny average if I think the company has a future and is legitimate.
Sincerely,
Scott Robbins
Needless to say he is never called me back. When I call now and he answers which is rare, he hangs up on me. I've never once been rude to this person. I think he's a scam artist and crazy to boot. My friend whose handle is IHDR had conversations with him in the past and told me he was a total outright liar and to avoid the stock like the plague. I wish I had followed his advice. If anyone knows anything about this company please call me and let me know I am not in a scam. I would buy to lower my cost our average if I knew this was not a scam, but the way the CEO treats me I get the impression that it is. If I don't hear back from some shareholders I will be filing formal complaints with the SEC.
My name is Scott and I can be reached at 570-472-2287
Thank you
PS- I think the dilution from what I can tell has been huge
I think I remember the old IR firm telling me it was a little over 100 million shares outstanding. I think I read a post somewhere now that it is 500 million or more. If anyone knows the outstanding shares please let me know.
