Hugo Leckrone Calls for Important BDVR Shareholder Vote

Hugo Leckrone, CEO of Blue Diamond Virtual Real Estate Investment Trust (BDVR : ACE), has called for a 1:10 share split, to be voted on shareholders until December 14th, 2008.

"I propose to shareholders a split in our shares, with two goals in mind: First, Increase liquidiy and avoid a wide range between bid/ask, and Second, to avoid the not attractive price of over L$1.00." Leckrone stated in the official statement.

The move comes only a day after it was announced that company CFO, JayT Axel, will not be able to continue with the firm due to RL obligations.

BDVR(ACE) has been the ACE market bellweather, returning it's original IPO price in dividends in it's first year of existance. Founding CEO Robo Marx left the firm last month and Leckrone took over, holding a shareholder meeting recently to discuss and plan for the future strategy of BDVR(ACE).

BDVR(ACE) has a Luminos Dividend Rating of 2-Stars after having missed the previous month's dividends and a planned withholding of December dividens in a move to increase capital for real estate expansion and development. BDVR(ACE)'s 6DYA(6-Month Dividend Yield Average) is L$0.100934335, and even a 10:1 split would allow BDVR(ACE) to maintain a 6DYA of slightly over L$0.01. The current 6DYA is even after missing the previous two months of dividends, a feat that has yet to be seen replicated in this reporter's experience since inventing the LDR and 6DYA.

Currently BDVR(ACE) has a resistance level at L$1.29-L$1.30, with over 74,000 shares on the Limit-Buy side. BDVR(ACE)'s 30 day rolling average share price is L$1.04 and a 30 day rolling share volume of 5402 shares traded per day.