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Scottrade/A/trade now restricting buys-awesome signal that
the short/naked short position is huge and real.
With the conversion and F/S adding to catalyst, very exciting.
Plus, chart looks ready for major breakout. RSI near powerzone and gaining strength.
Best Regards
Not a buy or sell recommendation. My opinion only.
QBIT-huge runner pend./Now Scottrade/A/trade restricting buys
w/serious short/naked short position. And w/conversion and F/S as additional catalyst, very exciting!
Best Regards
Not a buy or sell recommendation. My opinion only.
MOMO-awesome QBIT-now scottrade/Atrade restricting buys
Looks like a real short issue; and w/conversion & F/S, as you said "monster in the making".
Best Regards
Not a buy or sell recommendation.My opinion only.
No. Alrosa useful being so large. However, GBDX will not have to be held hostage to Alrosa's terms and constraints; now that such a strong JV is established w/ GBDX and Olympus.
IMHO, JV creates for GBDX two things: Direct control w/ % ownership of actual product they sell, increasing net margins.
Availibility of that product in an industry that is monopolized. If you were selling apples, and now you are part owner of the orchard you get the apples from, larger revenue capability and larger control of supply required.
Now,w/using Alrosa supply; that's why in the JV conditions, GBDX demanded that "if" Olympus could not supply adequate product to meet demand, GBDX has option to use outside sources to fill the gap. Best of both worlds.
We'll see!
Best Regards
Not a buy or sell recommendition. My opinion only.
QBIT-I know. Happened w/other short/naked short stocks like
PAIM/PAIV/AWYB and others just prior to large upside from shorts having to cover.
Looking forward to next week.
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning. Yes QBIT to be huge. Nobo list out nearterm plus smart that co. used convertible Class B offering to reduce common O/S totals at same time. SQUEEZZZEEEE!!!
180M+ shares traded friday for a reason. Forward split pending.
Best Regards. Have a great weekend.
Not a buy or sell recommendation. My opinion only.
Thanks. Facts show such potential. Was amazed that last PR stating add. $1.5M revenue (within 2wks+-)with 2nd shipment (presold) taken as not nearterm enough by some.
So with 1st/2nd shipment, $3M+- revenue (w/large margin %) to GBDX, within 45days. Both shipments presold. And small increase in share count to grow co. since merger and create this $3M revenue; and then immed. strenghten position w/ JV still not enough? All within 45-60 days from initial merger completion of WWCD and GBDX.
Ignorant negative posts starting w/- Company must be a scam, office not open-(invalid, proved wrong). Then, pps decline short term must be massive,merciless dilution. Yeah, 20%+- increase share count to STILL only 120M sh float since merger creating $3M real revenue; such massive dilution.
With all bs hype/board pumping of pinks w/little or no revenue and 10X share count as GBDX, many stocks ramp up for no other reason than sheep buying it up; and then holders shout the praises, hoping to not lose being a sheep.
Excited w/GBDX still because I know real revenue/small share count=large upside in pps. Very soon, pps direction will be controlled by large big block traders/brokers who must always validate buys w/real revenue. This sustains larger pps increases than any bs hype. $15-20M annual rev. and only 300-400M shares outstanding, cmon.
Not required, but if I was mgmt. of GBDX, I would issue a PR stating specific #s on share count, and if/what any minor additional share increase after merger went to: (JV/purchase of inv. etc.). And to ease the ignorant, that no large increase (dilution) will occur. Sad to have to hand hold, but unknowns create inaccurate perception w/pinks.
Best Regards
Not a buy or sell recommendation. My opinion only.
Alrosa conflict may help GBDX. With important GBDX JV w/"Diamond Certificate" entity, includes Olympus. Olympus consists of several top corporate/private co.s that control one of world's largest diamond mines, located in russia. My understanding is that Alrosa is not involved.
This JV will allow GBDX to have direct access to top quality stones thru Olympus. Another example IMHO why this JV is so huge. The JV creates not only direct access to one of world's largest diamond mines, but GBDX also now has affiliation w/Smolensk, "Crystal", largest union of diamond cutters in russia. And JV includes Mevynarodni/Aktsonirni Bank, one of russia's largest. Additional capital avail. for expansion locked in.
How many other pinks have real revenue potential of $15-20M a year, such strong connections to product they sell, and only 120M+-share float/400M+-O/S w/100M+-restricted?
Thanks for info!
Best Regards
Not a buy or sell recommendation. My opinion only.
Increasing O/S only +-27% w/still only 400M+- total share count is "dilution without mercy"? With est. revenue of $1.5-2.5M a month. And now, confirmed JV with the worlds largest diamond mine, largest russian bank and largest diamond exporter in russia, adding to revenue potential. Upon merger, minor increase in O/S used to grow asset base (diamond inv.), and facilitate JV, without incurring debt. Such merciless dilution, yeah sure. If co. wanted to bs dilute, would have done so at initial merger of WWCD/GBDX, when pps rose from to .07!
Oh, but wait, "your hopefully getting back in soon" per your post. I guess after the merciless dilution stops right? Negate a stock play and then try jump in at lower pps. Whatever works for you.
The minor increase in O/S count over the last 2 months is not the catalyst for pps drop. Flippers, naive traders(sheep), weak hands playing into bashing. MM's welcomed and accomodated weak hands. Thus, negative momo created and pps drops accordingly. MM's played the weak hands so well. Level II trades showed the MM's walking down the pps clearly over the last 10 days. Momo good or bad drives pinks; many times regardless of good real potential of a stock. At least short term. However, real revenue/small O/S total will always finally prevail.
Yes, many bs pinks that dilute hundreds of millions/billions of shares and no real revenue are merciless dilutors. So frustrating to see traders who "generalize" any amount of increased share total as bs dilution; and therfore cause of any pps decline shortterm.
How many pinks/OTC stock plays do you know that have real revenue potential of $15-20M+ a year with only 400+-M O/S?
And with the strong connections GBDX has now with JV in place to exploit the russian diamond industry?
Best Regards
Not a buy or sell recommendation.
Large moon out, time for night surfing. Maui no kei oi
Amazing. A $5 negative paint job trade at EOD @.0001.
50K shares @ .0001-$5.00 The cost to trade it is more than that.
Simply amazing.
WHERE in the PR do you derive it says dilution might continue without abate. Get real!
GBDX issues continued specific PR's that are accurate and timely, and you respond to my post with this rhetoric!
If your going to bash, do it with some intelligence will ya.
So per you, GBDX needs to issue a PR that will make naive traders all warm and fuzzy in respect to O/S count; when it has only been slightly increased to grow revenue? The "slide" as you term it is not based on the minimal increase in O/S count.
The problem isn't massive dilution. Its ignorant traders who need hand holding, and panic and bail at the slightest dip in pps because they bought too high to begin with. Again, what pink that has ramped up last 2 weeks has provided any real revenue potential, such small share count, continued accurate PR's, and now a huge JV. But those stocks pps who only w/ momo, board pump and hype alone jumped 200% are justified in their pps increase?
Unbelievable.
Not a buy or sell recommendaition. My opinion only.
Agreed. Latest PR is positive. Stated that next shipment to arrive *mid to late dec.; which indicates within next 2-3 weeks. Prior PR stated 2nd shipment to arrive shortly. So now within 2-3weeks+- is not shortly? Being presold, if shipment arrives by 12/15, additional net income to GBDX could be received within weeks.
The positive PR put out tuesday premarket was to inform continued operations of GBDX. Apparentely, some traders took it incorrectly, w/ price opening lower than previous close. MM's said, no problem, we'll accomodate your unfounded neg. momo, and played pps down all day. PPS continued down as smaller traders bailed with continued negative pps momo. The avg. trade was +-50K-100K shares=only $450-1000 value per trade. Small traders panic selling, without validity.
The O/S count only increased to +-420M shares from +-380M shares IMHO to facilitate JV, and purchase 2nd shipment. But perception is massive dilution, delays?, etc., causing pps decline w/negative perception. If mgmt. of WWCD merged with GBDX to just dilute, would have done so w/10X current share count when pps was increasing from .008 to .07 at time of merger! Upon completion of merger, O/S count was still only 320M+-. Then, with needing to fund purchase of 1st shipment, GBDX increased O/S count to 380M+-sh. Only 20% and for asset based purchase. Then, upon JV and 2nd shipment, increased share count only another 40M+-sh.(14%). Currently, total O/S is only 420M. For a stock with potential monthly revenue net in the millions.
GBDX is proceeding as stated. And please, negative posters do not respond to me stating "bs dilution"; or 2nd shipment arriving within next few weeks is too late. Or, if such a good stock, why pps declining. Decline in pps based on flippers, MM's working weak hands and panic selling, period. PPS decline is NOT based on fundamentals, or huge O/S count/dilution with this co.
Retailer demand for XMAS business likely covered with 1st shipment, why it's presold. And if 2nd shipment received by 12/15, still adequate time if additional product is needed prior to XMAS. The wholesale diamond market is a year round business. The overall demand for quality stones to retailers is in a continued upswing.
Adding 10-20% to O/S count to only 420M is not excessive, line the pocket dilution. Its paying for growth with asset based product needed and possibly compensation to JV partners.
If bs dilution does occur, it's not done at a point where pps is at shortterm low. Selloff today was misguided overreaction to initial down at open.
PR even stated that Diamond Certificate would provide any/all diamond product required to service demand thru 07. And, if demand exceeded that capability, JV terms allowed GBDX to acquire product from other sources to "continue" supply to meet demand thru upcoming year.
IMHO, the pps direction shortterm does not accurately show the real nearterm revenue potential/small O/S total of this stock. However, I understand owners of this stock who are in a current loss position; and upset/frustrated, asking WHY???
I am frustrated as well. But I still believe that real revenue/small share count =large pps increase at some point.
GBDX has this ability, IMHO.
Good luck to all, Aloha from Maui. Time for bed.
Best Regards
Not a buy or sell recommendation. My opinion only.
QBIT-Wow! With the reduction of common w/class B conversion,
look out.
Such strong reduction in common stock outstanding combined with large short position is explosive! Yummy.
Also, nice to see influx of capital coming in that substantiates ongoing work QBIT is doing. Reality Bender technology is very interesting. No other co. has this capability.
MOMO, + don't lose sight of GBDX. With latest news on huge JV,
this diamond company is ready to take off. 1st and 2nd shipment of over 700 carats per presold. Biggest catalyst is super small share count +-400M O/S/+-130M float, and nearterm millions per month in real revenue! JV particpates are major players in russian diamond market.
Hope you are well. Best Regards
Not a buy or sell recommendation.
Agree that confirmation of all points would help; however, why take a negative viewpoint just based soley on not knowing yet?
You also answered your own question. IMHO, GBDX did sell more shares to purchase assets-1st/2nd shipment of diamond inventory that was presold. Then, increased share count to complete JV. As you say, we do not know this is what's happening. So, then why do I think it is? Because the former mgmt. of WWCD who merged with GBDX did not do so to just BS dilute. Again, majority of pinks that have traded huge lately on momo, don't have any more confirmation or concrete financials etc., other than PR's and hype.
I disagree with your statement that "if number of shares has increased to purchase diamond lots, then our profit margin sucks. What other pink/otc co. can you name with potential revenue of millions a month net and only 400M+- O/S count? With a multiple of only 5, pps value is over .10 easy. All pinks/otc's are somewhat of a gamble. But GBDX I believe can produce real revenue nearterm, without billions of shares outstanding.
Regardless of all this back and forth posturing, pinks/otc are trades, not investments. This stock should have been traded 3 times since merger for solid gains. And now, with JV being finalized, revenue potential and small share count, pps is undervalued and nearterm will rise. We shall see.
Best Regards
Not a buy or sell recommendation. My opinion only.
My point was minor increase in share count to grow a co. is not "dilution" in the usual negative sense that most bs pink co.s do. The "D" word is a negative most of the time with pinks because of co.s that line their pockets, and for no other reason. IMHO, GBDX is increasing share count, (and that's what it is), to increase revenue.
Yes, O/S count has increased some. The reason for doing so with a co. is the key. IMHO, GBDX has increased share count to grow the co.
How many other pinks that have pps increases of 200-400-1000% have reported financials; and have 10X O/S count as GBDX, with virtually no revenue. GBDX is a co. with small O/S count and likely near term revenue in millions.
How does GBDX per your question recover extra shares in the market, or why buy back shares when they are currently just starting up a co.? The amount of increase of O/S count could be termed dilution, BUT not in the usual context of milking it. That was the point I was trying to make! There is a difference.
Yes, if GBDX had 3Billion shares outstanding etc., taking revenue from several past successful quarters of operation to buy back shares would be correct. GBDX (after merger) is just starting to grow revenue; and with only +-400M shares there is room to expand share count without hampering revenue growth.
And, to your other post, yes it is a JV, not a merger; however; "merger like" in terms of asset based $ received by JV partners.
Good luck to you, and best regards
Not a buy or sell recommendation. My opinion only.
"Dilution", "Dilution". Amazing! I did not see one post state that likely the minor increase in O/S is to compenate the JV partners for merging with GBDX~! If I owned a business and brought in a JV partner, I would not pay compensation in cash, or incur debt to pay cash to the JV partner.
I would want involvement from the JV partner by offering shares of the company! This promotes loyalty and shows that the JV partners believe in the upside potential of the company; and the stock pps.
BS dilution to line pockets does not occur this way. At time of merger, 312M shares+-, now only 400M shares +- to purchase the 1st/2nd shipment of diamonds, open offices, and complete one of the strongest JV's of diamond industry. So, 400M+- share count with a company that could possibly do $3-5M month in revenue and huge net margins now with JV partners. If the minor increase, as you correctly stated is for $ to purchase inventory (presold) at large net profit; and now to bring in such a strong JV, great. Not a negative. It's called growth.
But I read so many inane posts whining about "dilution", and that the CEO should PR all of us to calm our nerves....
Get Real. The JV is so huge and noone seems to get it.
Best Regards
Not a buy or sell recommendation. My opinion only.
TTOON- Ck GBDX, strong JV news. Small float/O/S
Best Regards to you!
Not a buy or sell recommendation. My opinion only.
Hope you had a great Turkey day.
GBDX-JV, diamonds, 112Mfloat/387M O/S
Check news/PR.
Best Regards
Not a buy or sell recommendaton. My opinion only.
GBDX-JV confirmed w/largest diamond mine, only 112M float
Recent news that GBDX in JV with Diamond Certificate, which consists of Olympus (owner of worlds largest diamond mine), top russian bank, and the largest cutter/exporter of russian diamonds. All part of the russian federation w/ ties to russian govt. Diamond Exchange and Russian News websites confirm.
GBDX per news/PR, to handle all sales, marketing and distribution. 1st shipment of 698 carats to GBDX presold, pending second and larger shipment to be received next few days, presold.
112M float/387M+- O/S
Excellent entry price point!
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning! Agree, the significance of the JV is amazing. Basically, GBDX is now the conduit for sales, marketing and distribution; with the largest diamond mine in russia, one of the largest banks in russia to finance operations, the largest diamond cutter/exporter in russia; and all part of the russian federation w/ties to govt. to expidite process.
But what do the majority of posts on this website continue to talk about?
"Oh, dilution is hurting pps increase-Invalid. "Why doesn't the website more accurately show the BOD's? "If the co. would just..........
This JV news if analyzed correctly points to huge revenue potential for GBDX,"very nearterm". The MINOR increase in O/S and float size to purchase presold inventory is justified; and in now way with this stock is directing shortterm pps decline, IMHO. When I post my opinion, I get back responses saying, "But why then is the pps going down". Perspective- Over the last few weeks, nothing but bashing about GBDX a scam, office not open, dilution must be like other loser pinks is the problem....blah blah. Weak hands bailed, and no new volume created; so of course pps will decline shortterm. Plus, checking level II realtime daily, MM's played weak hands fully.
Millions $ net profit from presold 1st shipment, 2nd shipment presold and larger than 1st of 698 carats; SEC filing of GBDX and office opening confirmed, and now huge JV confirmed w/ diamond exchange website, russia news, and other top credible publications. And JV with abovementioned co.s now creates likely 10X revenue growth for GBDX as earlier estimated. And again, paramount to pps increase coming is a tiny 112M float and 387M O/S count. Such large revenue potential w/such small share count; for a pink stock! Explosive.
Yes, the pps has declined short term w/low volume and weak hands doubting credibility. But with JV just announced and verification of business now established, exciting and great entry level IMHO.
Best Regards
Not a buy or sell recommendation. My opinion only.
Exactly!. What other pinks with millions in monthly revenue nearterm and now the huge news on JV have only 380M+- shares outstanding, and a 112M+-float? One post stated that 7M+ shares per day have been diluted since 8/6? The merger was not even finalized until september! And yes, after the merger, the share count did increase some to fund the business plan of purchasing diamonds. You cannot go to russia and buy blocks of 700-1500 carats on credit! Time was of the essence to implement plan of buying large inventory of diamonds asap. Especially knowing they were all presold; and retail buyers wanted product immed. for holiday season.
IMHO, it is smart business practice to increase share count a minor amount (and that's what it is, minor), to fund expansion of a new merger enterprise. Especially if the O/S count is so low to begin with. The share count has only increased +-20% since Sept. from 312M+-sh @ merger to current 387M+-outstanding share count. Whatever the share count was prior to the merger is not valid to current company status. Increasing of O/S only 20% and funds used to grow a co. is a good thing. Why incur debt to fuel revenue growth. Duh!
Again, IMHO, the pps decline over the last few weeks was based on flippers, short term momo traders using chart/TA. AND the weak hands that believed bs posters saying, "PPS decline means a scam", "dilution for no reason"-which is invalid, "office isn't open yet so that's why it's a scam", blah blah. MM's worked it well also by several times passing over higher bids to walk down pps. Monitering daily LevelII
showed this. During that time, without significant news to fuel add. volume, pps declined. Great buy oppty at these levels.
I am amazed at so many traders who will praise stocks with billions of O/S, and A/S count, and no real revenue to support ramp up of pps already played to the hilt. Why BAAAAA
Sheepsters!
Real revenue nearterm (esp. now w/such strong JV) and so small a share count = large pps upside, period. Real revenue attracts the big boys (volume). Can't wait for news next week on size of 2nd shipment, revenue estimates, and add. info on JV.
Best Regards
Not a buy or sell recommendation. My opinion only.
The catalyst is larger traders now confident that GBDX is real. That's why I am now more confident than ever with the current news of the JV. The companies involved with this JV "run" and basically "own" the diamond industry in russia.
And GBDX is their conduit to sell/market all product!
As seen with many other pinks/otc's, audited financials for comfort level do not drive the pps shortterm. Yes, confirmed #s with audited financials validate a business success over the next few months. In short term trading, IMHO, more important is what will drive the pps.
Enough said. I cannot continue to try and convince posters. The news of the JV with these strong players is so significant, its unreal. And again, 380M O/S with a measly 112M float. Millions in net profit nearterm, and now with JV, continued large revenue throughout next year as well.
Increased volume and larger buys are required to attain the pps levels I am quoting. Yes, smaller traders may take (not a profit) but a 0 loss at .025, and chase the next hyped stock.
So be it. However, the owners of GBDX with large positions I believe will be adding at these levels with JV news out. Real revenue with a pink is rare.
With the current news of a JV with such strong players, this stock is for real.
To all, I wish the best of luck!
Not a buy or sell recommendation. My opinion only.
You are correct in that the pps cannot be held down by anyone once "confirmed" strength of a diamond stock is validated. You answered your own question.
However, again, with pinks/otc stock plays, the pps will not just take off even upon PR's, news, etc., which retail traders hope to drive up pps. The "range" of pps w/ GBDX like all other pinks/otc's is based on chart/TA, momo, flippers and MM bs short term.
Once confirmation now established on JV and revenue #s, yes, this stock's pps will go ballistic as you have stated with other diamond stocks. Just because the pps doesn't run immed. does not mean it won't! IMHO, you are missing the point of this pink play. With the JV, confirms that GBDX is not only real but now has the capability to blow out almost all other wholesale diamond traders. Not only w/ cost basis, but with quality of product which is key in NY diamond district.
You stating your down 60% I know is tough; but oppty to sell off just 10 days ago at .03 likely for 0 loss at the top of the 3rd run. The pps declined from that point based soley on chart/TA and flippers; and NO additional confirmed info to drive momo. Top Bollinger band was basing. Full stoch was starting downturn, volume peaked, and macd started downturn. Indicators of a short term retracement. And, at that point, nothing was confirmed. Play was to sell and rebuy at current levels and ride up to .08 for strong gains with current info on strong JV/office open, etc.
Over the last few weeks, there was no confirmed info to continue pps uptrend past .03. BUT AGAIN, NOW that JV was announced and office confirmed open, 698 carats presold,etc. different story. IMHO, GBDX is a sleeper play currently.
Good luck to you.
Not a buy or sell recommendation. My opinion only.
GBDX-substantial news of JV. Diamond Certificate consists of
Smolensk, largest diamond cutter/exporter in russia. Also, Sheremetyevo ins. company, Olympus (majority owner of largest diamond mine in the world), and largest russian bank, Mezvynarodnij. All are part of the russian federation, with strong ties to russian govt.
GBDX to handle all sales/marketing. GBDX already established in NY diamond district. First diamond shipment of 698 carats presold this week. Millions in net profit nearterm.
Plus, such a small float @ 112M share and O/S of 380+-M shares.
News on Diamondexchange website very exciting!
Best Regards
Not a buy or sell recommendation. My opinion only.
Why would diamond merchants buy up the float? Your frustration of the pps not taking off is understood. However, if you analyze all pinks/otc stock plays, their all bs. Latest is today w/ IGTS. Pinks/otc plays are based on majority of sheep traders that donot know a damn thing about trading; and only follow the top posters, boards to determine what stocks to buy. Hype creates momo, which creates pps appreciation shortterm. ALL occur this way period.
The difference between a stock play that pops only intraday vs many days is real revenue sustaining the pps rise; and continued volume/interest in the stock with more sheep buying in to the hype, emotionally not wanting to miss out. Otherwise, pps ramps up and drops like a rock, with many bagholding and wondering why.
With that, the MM players use this and work the pps up sometimes 100-300-1000% in a day, using the sheep to work the trend. Then MM's beat the pps up causing sheep to sell off, playing the b/a down, passing on higher bids, etc. Then MM's rebuy after retrace and start process all over again. PPS uptrend based strictly on hype, momo and continuation created by sheep traders following the trend. Plus, majority of traders who create quick pps uptrend are small, spending $300-1000 a trade. These traders went to Borders books and bought "Candlestick trading", "Technical Analysis trading" books, or went to a "Teach me to trade seminar", and now know it all.
As smart traders, we must use this knowledge of what drives the pps and trade accordingly. Does not matter if its wrong or right on pps direction.
IMHO, GBDX from the start after the merger of WWCD with GBDX; there has been 3 solid trade opptys to make large gains, sell and rebuy following charts/TA and short term momo.
Currently, I see huge oppty with real, large revenue nearterm and low float w/ only 380M+- O/S count. And now the JV! This IMHO is why traders who incorrectly bought at high end of last run @ +-.025, should stay strong.
Your example of SLJB shows the bs why of pinks. SLJB was played to its high. Then retraced back with all holders blown away as to why with pending strong audited financials, etc. Then, when all hope is lost,it was ready, boom again.
I am a large holder of GBDX; and yes played the ups and downs. However, I will hold a large position w/GBDX, especially with JV news today. The very large real revenue nearterm and super small share count comparitive WILL drive the pps to appropriate levels of +.08-.15.
Best of luck to you.
Not a buy or sell recommendation. My opinion only.
JV news is paramount! GBDX now has the backing of the largest/top russian diamond cutter/exporter w/ Smolensk. Plus, the JV is also with Sheremetyevo Ins. Company, Olympus (which owns 90% of the worlds largest diamond mine), and Mezvynarodnij Bank of Russia, 1 of largest banks in russia. Diamond Certificate JV w/ GBDX (w/Diamond Cert. owned by all of these companies), and all are part of the russian federation, with govt. connections.
I truly hope traders realize the importance and magnitude of this JV. Basically, GBDX will be the top gun in diamond inventory and sales capability in NY diamond district now.
Diamond Certificate will provide stones, GBDX is to handle ALL sales, marketing! Revenue potential nearterm is so huge. I knew when former mgmt. of WWCD (all russian) merged with GBDX, it was to exploit the connections GBDX already had, the new change in russian law, and the huge revenue potential by doing so. And now the JV, wow!
Divide millions of net revenue by only 112Mfloat and only 380M O/S count = .08-.15+, period. And no, not in 6-12 months, within next 30 days or less. With this new JV, net profit margin potential just tripled for GBDX.
And again, with such a small float and O/S and current pps comparitive to very nearterm large revenue, explosive! Such a great news article on Diamond exchange website. Oh, I guess GBDX is real after all, huh.
All the bs naive' posters who said, "oh, possibly a scam, is the office open, I think the margins only be 20%, must be dilution, blah, blah, look in the mirror. Of course, those same posters will jump right back in once pps takes off, and then will post high praise. (Baaaaa, sheepsters.)
Maui is gorgeous. Good night all and best regards.
Not a buy or sell recommendation. My opinion only.
Suprised you would mass post on 3 boards neg. dilution story w/GBDX.
I agree some pinks play the dilution game; only to line pockets and bail. But even you should know to generalize, and say, "must be bs dilution with large volume on the downturn" and "be careful" with GBDX is invalid. Your post friday last stated you saw a possible solid entry point. Did you not buy in at pps low retracement?, and now wish a better entry point since pps has gone up?
BS dilution of a stock is 100% of the time with a co. that has played the game several times prior, and has NO nearterm revenue to support pps increases. Thereby co. uses brief momo to dilute. The downturn with large volume over the last week or so is based soley on flippers using the chart TA to determine entry/exit point. This, along with the BS negative posts stating the co. is a scam, no office open, etc. fueled the decline. Secondly, why "dilute" only 40M shares over the last 2 weeks; if playing the game to line pockets?
Increase in share count with GBDX was to purchase additional diamonds with first shipment presold. The XMAS season is hot and shortlived and GBDX smartly did not wait to receive payment on delivery of the first 698 carats to proceed with purchase of next shipment. With such a small share count, decided to increase float to pay for next shipment which likely is presold as well.
Why doesn't anyone focus on the fact that the former mgmt. of WWCD merged with GBDX for specific reasons of large short term revenue. I read erronous posts of "likely 20% profit margin therefore blah blah.... I have been in the wholesale diamond business for over 18 years and have never made less than 34% net profit margin on rough cut stones; and over 50% net profit on finished product to retailers. AGAIN, one more time, former mgmt. of WWCD after selling canning division of WWCD for over $2M profit, merged with GBDX to use them as a catalyst. Why? Because GBDX was a smaller co. but had strong contacts in NY diamond district. Also, has existing contracts with russian diamond cutters and exporters. The new change in the russian law that allows a larger % of rough cut diamonds to be exported creates the larger revenue potential. The quality of the stones from russia thru GBDX contacts amplifies the revenue potential. NY buyers want the premium stones, and will pay for it.
Also, the bs posts of GBDX not performing is inaccurate. GBDX has continued to update thru consistent PR's the opening of the offices at 46th, as well as Avenue of the Americas location. Also specific detail on the very short term delay.
Most important is the bs posts of what people think the value is of the shipment. 698 carats @ +-$2800 a carat for rough cut; and $4300 a carat for finished stones is more accurate.
Net profit increases with smaller stones per volume basis.
Bottomline, with only +-112M share float, 380M O/S with estimate of 2M a month in revenue, pps value is .083+.
Show me with PLYCF, or PYPR, or other bs high flyers the same revenue, with such a small share count.
Penny TA, I have always valued your charts, etc., but your "must be negative with bs dilution is inaccurate.
Best Regards
Not a buy or sell recommendation.
698cts. presold 1st shipment. Only 100m+-float. Wholesale office opened. (and specific info as to why it took a few extra days to get in w/bs earlier tenant issue). GBDX strong connections with russian cutters/exporters. WWCD merger to exploit new change in russian law that allows larger % of rough cut diamonds to be exported. If traders do not see the huge upside potential in this stock, wow.
The bs posts over the last few weeks that GBDX possibly a scam, w/posts stating, "Oh, I visited the office and GBDX wasn't there", creating a negative for newbies and small time traders to bail on. You are correct and the bs posts of the office not being real, blah blah is an example of letting emotion get the best of traders by believing bs.
Cowboy, your gap analysis not bad! FYI-The minor increase in share count went to fund additional purchase of product w/1st shipment sold out. Not dilution as generally percieved though. GBDX just getting ahead of the game, especially with the demand of the holiday season from retailers in full swing.
With the 1st shipment presold, but GBDX having to await payment on delivery, increased share count slightly to fund next shipment ahead of time. Smart business!
The pps declined IMHO based strictly on short term flippers using Tech Analysis to play the pps. However, only creates excellent entry points to ride this up to .07+ near term. Why? Because the revenue coming in is real/immediate, and the share count is so low. Any pink with real nearterm revenue will attract larger traders who see real $ to substantiate pps increase. And the super small share count acts as a springboard during this upturn.
Aloha to you as still in Maui.
Best Regards
Not a buy or sell recommendation. My opinion only.
Wow. Again, Majority of negative posts emotional based and predicated on incorrect entry point on this stock.
The pps, like all pinks, is driven short term by initial momo, and players using charts/technical indicators to make profit. Have been 3 money making plays so far since merger announcement.
1.) Initial buy @ .006 right before PR of merger from WWCD; and increase of pps to .07+-. 2. Then, after flippers/profit takers sold off, pps to retrace to .0017+- to short term MA. PPS then ran to .032 with second run for next profitable play. 3. Then, again after pps retrace back to .0017+-, quick profit play to .03+- again. Traders who have held this stock since buying @ .025+, now suggest this stock is a scam, bs dilution, etc.
They blame pps decline, (which is really just short term swings in pps as smart traders play it), on company not performing on time. Nonsense. As with all pinks/otc's, pps direction is based on the short term profit trades discussed above. HOWEVER, does not mean the co. is a scam, or that the pps cannot still rise to .07-.10+, in the near term. Why? Based on the best factors of all. Small float and real revenue near term.
If you look at other pinks/otc stocks with large upside; many do not have any basis for doing so except for supposedly strong boards/posters hyping the stock; and therefore all the sheep jump on which continues the pps upturn. Momo creates its own momo. No real revenue, no real audited financials, 10X the share count as GBDX; and BS PR's do not seem to matter. The stock goes up for a 5 bagger and all hail its glory.
Just because a stocks pps fluctuates during a continued rise does not mean a negative. It means to play the short term rise, sell and rebuy again. And then, once revenue estimates and other fundamental facts are confirmed; ride the pps to large gains. This is GBDX. Again, the former mgmt. of WWCD did not merge with GBDX to not make substanitial revenue over the next 3-6 months.
And key again to real upside potential in pps in such a small float and real revenue (nearterm), as will be seen with GBDX.
Best Regards
Not a buy or sell recommendation. My opinion only.
Yes. The pps has risen and dipped; but based on normal
To Clarify-Not directing my post at anyone in particular. Especially to those who I respect very much.
I understand the frustration, and too have sometimes learned the hard way about bs pinks. Nature of the beast, unfortunately.
Just trying to inject IMHO some rational to this emotional ride. No disrespect intented to anyone.
The best to all and much luck!
Best Regards
Wow! Frustration ooozing out w/latest posts. Posters who were so positive short time ago now claiming GBDX a scam, dilution, being hurt by lost $ by holding, chart confirming that it is a scam. Some visited office and supposedly not occupied by GBDX, so must be a scam. Enough what if's.
Bottomline with this stock is when WWCD announced merger into GBDX, the first short term run began; because merger plays are a hot topic and create momo. Played it from .006 to .07. This was the initial money maker on this "play". And that's what all these pinks/otc stocks are, just plays.
After a short term decline in pps from flippers profit taking, some late traders who saw the initial pps upside then decided to buy in @ .025+-, wanting the pps to shoot to .07+ with all excitement. However; at that point .025+- was the top of the second short term run per chart/TA. Now, these traders who held are frustrated and upset that they have lost money; and GBDX is now a scam. Has to be since the pps didn't increase the way they needed it to at their entry price to make a profit.
Some posters will disagree w/me on this; but all pinks/otc stock direction is based on initial momo/hype, continued interest, MM bs and KEY-CHART/Technical indicators period. Yes, many pink/otc co.s are bs, and most be cautious.
However, with GBDX, IMHO, pps direction has been based on Chart/TA flippers in/out + stronger hands/MM's working weak hands.
I'm still playing GBDX and why I think GBDX became a play in the first place. The mgmt of WWCD took WWCD over seeing revenue potential. Got FDA approval for US marketing of the wholesale produce segment. Then sold off this portion of WWCD for large profit in cash. With that, decided to exploit the increase in demand for quality diamonds by merging with GBDX.
Why? OPPTY. GBDX was a small BUT established co. with 17 year rep. in NY diamond district; and with very strong contracts in place with russian cutters and exporters. The catlayst was the new russian law which allowed increase % of rough cut stones to be exported. AND, the former mgmt. of WWCD are russian and have strong connections to work with in russia.
Scam? Hardly think so. Dilution? Why only increase O/S count and not A/S count. And why only increase float by 40M shares if trying to dilute just to line pockets? And now, for traders to base presupposed thinking of scam based on non substatiated info from some posters stating co. has no office.
This trade is a good one based on IMHO 1.)-Reasoning behind former mgmt. of WWCD to merge with GBDX in the first place. 2.)-Super small float comparitive to possibly millions of near term revenue; which equates to strong pps. 3.)Strong existing ties to russian connections.
Will add to position. Revenue nearterm/small float=real upside in pps.
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning. Gee whiz. Thanks for info and taking the time/effort to visit both offices. With you owning 400K shares, suprised you have never posted on this board prior to yesterday. Checked your IHUB profile since May, and no posts on GBDX? However, welcome.
I am amazed you were granted carte blanche entry to office 704 at 2 West 46th Street from the doorman, receptionist. Security issues, and as you had stated, "the doorman/receptionist is there for security purposes". Most front entry personnel cannot allow just anyone in specific areas without an appt. Or to enter an office space unoccupied without a representative/agent-broker for the owner of the building accompanying them. Good job.
With this secondary office, as you have stated, maybe misinformation as to when/what office GBDX personnel is going to occupy. Also, being not the main office for GBDX, I don't remember seeing a PR stating if/when the secondary office would open. Possibly it is 12/5.
However, good to see that you confirmed the main office @ 1230 Avenue of the Americas, GBDX is registered and is occupying office space. This is the location worth noting. You are correct that a general receptionist would not know specifics about a company. Sounds like a shared front entry person which is quite standard. Shared front entry personnel normally do not know specifics about a company; and will direct inquiries to leave a message for the particular company. Especially a company like GBDX who just moved into this space. Good that you left a message.
Hands on due diligence for sure. I'm sure you will confirm monday as to the exact address of the secondary office location.
IMHO, your confirmation that GBDX is @ Avenue of the Americas is key. Thanks for this confirmation. The issue of the secondary office local is minor. Many companies who experience growth may decide to expand office space; but not at the same expensive rents asked for @ Avenue of the Americas location. GBDX needs this location for exposure in the diamond district.
As I have stated before, IMHO, the former mgmt. of WWCD focuses on shell plays/merging with companies to make large revenue with.
Would not have bothered to merge with GBDX to waste time playing the dilution game; or to fabricate an office opening, etc.
Mgmt. who took over WWCD w/ merger netted +$2M (cash). Merged with GBDX to succeed again.
Best Regards
Not a buy or sell recommendation. My opinion only.
I bet. Beautiful area as well.
Best regards to you; and much luck in all your trades.
Aloha! Back to specifics on GBDX. The key components of this pps continuing to move up are:
1.) Yes small increase in O/S to +-110M from +-75M. Dilution occurs when an very large increase in A/S and O/S happen. With GBDX, the minor increase in share count is based on additional capital required for expansion of diamond inventory; predicated on increased demand. With such a small float to begin with, makes business sense to utilize share increase vs. cash outlay or creating debt to do so. So many bs pink co.s dilute huge amounts and have no revenue producing capability. GBDX is not one of them. Why?
2.)Must consider the history. The former mgmt. who originally merged w/ WWCD uses co.s as shell plays to make money. WWCD was sought after for its increased production capablility and a possible buyout. After merger with WWCD, new mgmt. who took over WWCD increased production and then sold it for $2.3M gain (cash). Then, saw GBDX as next play to make serious revenue with. Why? GBDX has existing reputation and contacts in NY diamond district; existing contracts with top russian cutters and exporters w/ new change in russian law; and start of a serious increase in quality diamond demand.
Now, some posts have suggested lower highs, lower lows in pps.
Incorrect. Since merger, continued higher highs and higher lows with short term plays using CHART TECHNICAL INDICATORS, bringing pps back to short term MA. Which is expected in pinkieland. Trade short term accordingly.
Significant is if the first shipment equates to several million in revenue, and basically 50-100% presold; possible annual revenue potential is huge COMPARATIVE to float size. Again, former mgmt. of WWCD did not take time and $ outlay to merge with GBDX to bs dilute or not make substantial gains shortterm. That is the bottomline with this particular play.
And in regards to Buffet, made billions doing the same thing that the former mgmt of WWCD is doing merging with GBDX now; looking to capitalize on a growth component by using a co. that can acheive it.
Best Regards to all! Not a buy or sell recommendation. My opinion only.
Wow the sunsets in Maui or awesome.
Good Morning. The more inane bashers the better. Sure sign of impending huge upside.
Do not let it bother you. If you review these posters last few trades with other stocks, suprised they even have any funds available left to continue to trade with such poor positions chosen. Most recent basher had not posted since 10/16 here; and now.................
All part of the bs game in pinkieland. My thought is always,
"Consider the source".
All negative posters stress the what if of Alrosa and prior revenue confirmation. Neither matter for the PPS real value to increase big time.
Based on extremely low float confirmed with TA and real revenue potential nearterm of wholesale diamond sales will drive the pps, period.
Larger share traders like myself have ridden this play way back when it was WWCD and merger of GBDX was announced. Mgmt. who merged with WWCD netted over $2M cash from sale of WWCD after increasing production and co. value for WWCD. GBDX is the next play for them and will be very successful, IMHO. Again, former mgmt. of WWCD chose GBDX for their strong existing contracts with russian cutters and exporters now that the new russian law is in place. This new law is important because it increases largely the % of rough cut stones allowed to be exported. Now, if Alrosa is involved with GBDX, then the already strong upside potential is multiplied 10X+.
Also, some posts have stated the diamond market is down. Wrong. Yes, the last few years the market has based out. However, the last 9-15 months, the market for *quality stones has been increasing. And this year is set to be even stronger.
Wholesale diamond sales is driven by retailers demand. The last PR from GBDX that they have had to increase the 1st shipment based on increased demand shows this.
Chart/TA shows continued increase of MA with very short term pps pullback to 50D MA as expected from flippers during the upturn. Consistent higher highs and higher lows. Once confirmed revenue is announced, pps will run. For trading purposes, such a strong play with such a small float.
Best Regards
Not a buy or sell recommendation. My opinion only.
GBDX-excellent news! Likely majority of 1st shipment will be
fully sold within days, if not already. Retailers wanting quality product gearing up for holiday season. Per PR, GBDX had to increase shipment to supply additional demand from retail clients of stones <1ct.
And IMHO key is such a low float; and huge revenue potential near term. If Alrosa connection correct, Wow....
Best Regards
Not a buy or sell recommendation. My opinion only.
Specific #s pending. Most important point IMHO is that
the shipment seems to be presold, and additional requests from retail clients of GBDX for quality stones < than 1ct. is pushing GBDX to increase shipment.
I like that because the smaller stones can sometimes carry a larger profit margin, sold in bulk/volume basis to retailers.
Ex.-Premium grade VVS1/G color .25 ct. stone cost-$98.00+- wholesale. Sell to retailer for $469.00+-. Retailer sells to customer for $930.00+-. It is about quality of stone, period.
Diamonds are a luxury item, and the better quality, the more will be paid. Russian diamonds are now producing "the" finest stones in the world, no matter what anyone tries to tell you.
This is what drew my attention to the mgmt. of former WWCD who merged with GBDX to exploit the connections GBDX has to russian cutters/exporters; and the new russian law for increased % of rough cut diamonds allowed to be exported.
A poster tried to compare the margins for the chain retail jewelers (Zales, Devons, etc.) to margins of loose diamonds from wholesale to retail. Apples to oranges.
I hope the PR this week not only announces the office opening; but details revenue specifics. And as a penny trader for many years, the small float is huge, and the chart techs show much upside to come.
Best Regards
Not a buy or sell recommendation. My opinion only.
Know the difference between dilution and increase of share count for expansion of business. If dilution is occuring for no reason other than to line pockets, a huge A/S amount is set up and the increase in O/S is much larger than the minor 30M with GBDX. Plus, the circumstance with GBDX is specific to the merger created by the former mgmt. of WWCD.
They merge to make $, thru increased production, sales and revenue as done with past mergers. Yes, some bs companies dilute with made up PR's and nonexistent revenue potential, pending financials, blah blah.
Need to know the difference!
To be frustrated because you bought at the top of a short term run and then bash the stock with non factual response is unacceptable.
As I stated before, I'm sure with the current uptrend in pps you can sell off your position without a loss and move on.
Much luck to you though!
Keep trying. Comparing retail jewlery stores margins to selling diamonds as a commodity wholesale to retail?
I do agree that pumpers are crap. However, if you would take time to analyze the reason the merger was created in the first place; GBDX 17+ year stability, new change in russian law. These are catalysts for this stock to provide large upside gains in pps. And to have such a small float.
Oh, that's right, doesn't matter. Those are actual facts! If you do not realize, you are with each post sounding more and more like a paid basher.
"pumpers keep it hoping they can get out before the rest", or "that they can at least lure in some newbies to buy their shares". "Put out only true info you can sleep at night", "integrity shouldn't be sold for a dollar". Going after the heart strings heh?
Your too transperant, need to work on it.
I guess it was your inane posts that triggered my thinking that you were new. How else would someone so seasoned as yourself post such crap. Sometimes, bashers bring out the sarcasm in me. Again, have no problem with real info and constructive criticism from posters who own a stock; benefits all. But your posts have no factual info or relevance. Been around since 03'on IHUB. Wow. And still losing money in stocks that provide such oppty. I've only been posting since this year on IHUB; and still know how to make large profits trading WWCD/GBDX. HMMMMM....
Perhaps its not the length of time posting on IHUB as it is the years of trading penny stocks that makes the $.
It's 11:00pm in Maui, but 5:00am in New York and 2:00am in Calif.
Shouldn't you be in bed now getting some much needed rest ready to start trading at the 6:30am bell? With GBDX in an uptrend, maybe you can recoup your losses, sell and go after a stock you feel worthy?
Enough said!