Global Diamond Exchange, Inc. (GBDX)

[fung_derf]

Considering his past and unwillingness to do as agreed upon, I'm sure we can rely on the utmost cooperation from him.

WHEREFORE, the Commission respectfully requests that this Court enter a judgment:

(a) permanently enjoining defendants Pinnacle, Lo Castro and Turino from directly or indirectly violating Section 17(a)(1), (2) and (3) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder;

(b) ordering defendants Pinnacle, Lo Castro and Turino to pay civil penalties pursuant to Section 20(d) of the Securities Act and Section 21(d)(3) of the Exchange Act;

(c) barring Lo Castro and Turino from acting as an officer or director of any issuer required to file reports under Sections 12(b), 12(g) or 15(d) of the Exchange Act, pursuant to Section 20(e) of the Securities Act and Section 21(d)(2) of the Exchange Act; and