So Debut Diamonds (formerly controlled by KWG) today issued a news release.  If I'm reading it correctly, it issued 30m shares to KWG to settle a debt of $90,000.  This will ultimately (after the points below) mean that KWG will have a stake of somewhat under 10% of KWG.

A massive placement of 200m shares for $600,000 was also announced.  On top of that, the PR confirms that Debut is seeking a share rollback (16.67:1) within the next six months.

At present, under the current share structure, the total issued and outstanding is around 434m shares.  After the consolidation, that number will drop to 26m shares.

Currently, three persons hold or control about 99m shares each, plus another 30m in warrants apiece.  It appears that if those warrants were all exercised, the three individuals would hold a combined total of 81% of Debut.

So far today, it looks like 15 shares have traded.  That's fifteen, without a million.  At the trading price of $0.005, that's about seven and a half cents in daily volume.

I'm mildly interested in where this is going.  Do these three individuals have something up their sleeve?  A potential buyer?

At one point, I owned quite a few shares.  Around a million, if I remember correctly.  Thankfully, I sold those long ago.  I have no interest in making another purchase of DDI, but since it is slightly related to the Ring Of Fire (due to proximity and company ties), I though some people might be interested to hear what's been happening.