BDVR Split Vote Concludes Short Selling Now Available Shareholder Outcry

The Shareholders of Blue Diamond Virtual Real Estate Investment Trust (BDVR : ACE) has concluded, and shareholders voted 54% to 22% to approve the proposed 1:10 split.

Dissention, however, has appeared in the BDVR(ACE) Public Forum, where several minority shareholders have expressed a negative reaction to the split. The dialog became quite heated as Leckrone attempted to address the criticism posted.

Cliff Eclipse and Matt1030 Carter, a member of the BDVR(ACE) Board of Directors and owner of Falcon Cove Business Solutions--a consulting firm whose expertise was sought for the reorganization of BDVR(ACE) by Leckrone, provided support for Leckrone's motivations.

Carter said, "Hugo Leckrone came to me and asked if I could help him improve BDVR for the benefit of all shareholders as a board member. I think he has been doing a very good job running BDVR so far and althought i was not in favor of the share split I respect the decision that was made. I have strong confidence in this company and I think the stock will go up. I dont know if you got a chance to attend the shareholder meeting but the plans discussed to expand and improve the company were all very decent and doable."

In other developments Leckrone has made short selling possible to interested parties via private transaction, which includes borrowing the shares for 25 days at 20% interest, and guaranteed by an inworld notecard contract. Leckrone is making 15,000 shares the minimum short transaction, and is being selective about who is allowed to partake in the enterprise.

Leckrone is under intense pressure to live up to the successes that former CEO Robo Marx brought to BDVR(ACE) shareholders. Marx announced his departure from BDVR(ACE) on November 11th, 2008, and by the next afternoon Leckrone was named his successor. BDVR(ACE) has been the ACE market bellweather, and Intlibber Brautigan has stated, "As BDVR has had a consistently successful business model month in and month out, even in the face of LL policy changes which directly damaged the business of BDVR. As such, I see no problem with a split of this stock. I wish that we had 10 companies like BDVR on ACE."http://sl-virtual-world-news.com