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Dustybutler1, you're wrong, the company can buy as many shares on the open market as they want. You're so wrong, I'm not going to bother with an explanation. The so called buyer can step in any time they want and buy millions I mean millions of shares, but they aren't. Why?
pmg149, come on, a buyer can buy over 300 million shares and this thing wouldn't get over .02
If there were truly a takeover, surely the buyer would be buying stock hand over fist at these bargain prices. If there is a true buyer, this stock would be trading 100mm shares a day moving higher toward 3-5 cents a share as a buyer willing to pay .07 for a takeover would surely be willing to buy this stock all the way up to .05 before the takeover is announced. Where is the buying? If you were going to pay .07 per share for this, wouldn't you be in there buying hand over fist at .005 prior? Come on guys, use your heads.
There is simply no buyer except for all of you. Who is the seller here selling you shares?? The insiders and company.
These Russians must be real turkeys. Negotiating to buy this company for 7 cents when they can buy millions, i mean millions of shares at .005. Is it logical to assume that these geniuses who know this company is so valuable are too stupid to buy shares on the open market first? Please
Everyone here should take a step backward, cool off, rethink and ask youself, does what RonnieD and Davidam say make any true sense? Or is the paid promotor supposeively feeding out the inside information suckering people?
You tell me???
Let me ask you guys a question. Why do you think I should be kicked off? Really? Is it because I disagree with your stock position? If so, that is really sad.
I am doing nothing more than showing other people the other side of what I beleive to be the true story on this GBDX scam. You do not see me calling for Davidam and others to be ousted and banned because his position is contrary to mine?? Why do you all take that position that I should be banned for simply stating my opinion.
The obstacle is this...They must say IF... IF keeps people hoping and the ability of a pump and dump ongoing. Otherwise people will tire of waiting for the gold mine to open. People will tire of waiting to make 20 times (imagine that... 20 times your money... let focus on that at the end of this note) their money overnight on a so called 10 cent takover. People will tire of false hopes on information spread by a paid stock promotor.
20 times your money.. let us see. 20 times your money is the same as 1-20 odds. In other words to gain 20 times your money you have to be betting on something that has a 5% chance of hitting. You people think you are betting on a sure thing. If it were a sure thing, odds of payoff would be 1 to 1.5 or otherwise stated, GBDX would be trading today at .07 cents a share discounting the sure buyout.
Read about the efficient market hypothesis.
Yes, all you poor folk who think you have inside information. Do you think market makers would sell you stock at .005 if a buyout was coming?? Do you think you have information they don't have??????????????????????????
The beauty of America.. There is a sucker born every minute.
Reverse Merger = Reverse Split = Equity driving infinitely close to $0.
This stock will rock. Be patient.
breakthebank, no no no. You miss my point. Every hoodwinking needs bait to lure in the weak. That is why they filed the TO with the SEC. They had to file to create the illusion of the buyout, otherwise no one will buy the shares they want to dump. So you see the filing with the SEC is required to create the conditions for the hoodwinking. How else would investors be alerted to this thing?? Prior to the filing, the story was not getting out enough. Yes, its true that paid company promotors were feeding information to your unnamed go-to-man leader here to then spread to you guys, but that was not garnering enough wide interest they needed to prop the price, hence the necessity for them to put something public with the SEC to create the illusion necessary to fleece you.
To see the most likely scenario, read what happened over at SPNI on April 10th.
GBDX has announced a possible reverse merger.
Over at SPNI just like all other reverse mergers, those poor equity holders got hoodwinked on a 1 for 432 reverse split preceeding the merger leaving them with 6% of the new company.
GBDX holders are not only getting hoodwinked in my opinion but they will end up being fleeced by the Russians.
Correct. If a company files with the SEC once, they should be willing to file at all times. But this company only files information with the SEC that can prop up the share price. The are unwilling to file any other info with the SEC. Where are the quarterly reports??? Where is the balance sheet?? Where are the shares outstanding?? Why aren't they filing this information??
The fact that they ONLY choose to file this so-called TO filing indicates their desire to file is created not by their desire to "inform investors" of pertinent information but instead a desire to prop up the share price and continue the hoodwinking.
Its a potential merger or tender offer. I put the odds at a merger at 97% and tender offer at 3%. And I'm being generous at 3%.
And if I am right and its a merger, then here is the equation:
merger = reverse merger preceeded by a reverse split leading to a disintegration of current equity to a point that is infinitely close to zero.
My agenda is simply to show the other side. The side that you all choose to ignore. But potential investors,especially greenhorns here like Tacoz deserve to see the other point of view. Uninformed investors are losing good $$ on this hookwinking and I'm trying to keep this board honest.
That is exactly my point pennypusher. No pinks file. And neither do these guys. This is why their filings regarding a merger are so suspect. They are trying to create an illusion of legitimacy by filing these 2 merger filings to perpetuate what I call a hookwinking of retail investors.
When do you see a company file with the SEC about merger interest? You don't, unless they are outed by reporters like David Faber. Then they must inform investors. This company doesn't have to inform investors but chooses to. But they chose to not unveil any other information on their business. Its very suspect. Its done to prop up the price. There is no other reason to them to file those filings. And no one should say "they must file", because they do not have to, they chose to.
I took a look at all the SEC filings that this company put out and found something interesting. There are only 2 filings that the company initiated and both relate to this so called potential merger. Why aren't they putting out any other fillings?
It looks like they do not have a habit of keeping investors informed of their business with SEC filings, EXCEPT for these 2. This tells me that they probably only filed these two with the SEC in order to create the illusion of legitimacy. Otherwise they would be gladly filing more information on a regular basis regarding their business.
If they were truly trying to keep investors informed of relevent information, they would be putting out more than these two filings. The fact that they only filed with the SEC for these 2 merger filings reinforces to me that they are attempting to prop up the share price, probably to dump shares on the market.
I also had spoken to him in the past and liked what I heard. I posted about it previously.
Waggett. Infinitely close to zero means just that. Where is the ambiguity? For those who do not understand infinitely close to zero, I will define.
Infinitely close to zero means that you wake up every day and see your shares of GBDX in your account. You would like to sell them because you are tired of seeing them in your account. There is only one problem. They no longer trade on public markets. There is no bid because they have no value. You cannot sell those shares and you are reminded each day of your GBDX blunder and how you were hoodwinked. This, my friend, is infinitely close to zero.
Just ask a few of those holding CKCM Diamonds shares. It trades under the symbol CKCM, or used to.
Tacoz you are correct to use logic and question a .10 cent buyout offer when a stock is trading at .005. There is no logic to it because it will not happen. If there is a merger at all it is likely to be similar to that of 99% of other pink sheet mergers, a reverse merger preceeded by a reverse split which will virtually wipe out the equity of the existing common shareholders. That means your investment goes infinitely close to $0. Or in your case, you'll be making more monthly payments for that ring you purchased for your new finance. Congratulations.
This stock appears to be a well orchestrated pump and dump. In stock terms, pump and dump means that insiders pump up the stock price with bogus rumors and then dump their shares on unsuspecting gold seekers like yourself. In the end the price plummets infinitely close to zero.
There are many posters here exposing this for what it appears to be. Go back and read some of my own more detailed posts or those of Orangeman.
Here is one that I found from a previous long...
http://www.investorshub.com/boards/read_msg.asp?message_id=18174283
enjoy.
jtnirvana, in answer to your question, yesterday I said that I suspect the shares outstanding to be 1 billion.
When you add the naked shorts that must be out there I get the 2 billion share float figure.
They are different numbers because they are referring to different things. Apples and Orangemans.
I am very consistent in what I beleive to be true here. See you at .0025.
My suspicion is that the company put out that inventory list to take the focus off all the selling over the last week. Better to keep everyone talking about these diamonds (which by the way they never said how much profit they'd make) instead of all the selling and the share count. Where are those papers they were working on with the updated shares outstanding? I still say we are looking at 1 billion shares outstanding now.
Why does the company have a bunch of diamonds listed on their website if they are a wholesale distributor? It looks like they are trying to sell them peicework one-by-one to the diamond dealers of NYC. Not alot of revenue potential there if this is the case.
It looks like volume has really dried up. Some buyers today in there in the mid 004s but once they get their fill I expect to see lower prices. I say we revisit .003s soon. I'm still looking for a tradable buy around .002 to .0025
Are the shares outstanding still 380 million here? Does anyone know about the TA gag and if they have updated the #'s?
Orangeman you are the only one here who knows the shot.
I thought TAKI had a good grasp of the situation but he chased this POS higher. I'm suprised at you TAKI, you appeared to know what you were doing.
TGTL do you also have inside info? You are being played by management. This is headed to .0025
They are selling because its going lower. Isn't it obvious?
Why would you expect anything else on a non-reporting pink sheet scam?
Just like that we are touching new lows.
I figure this time down we'll definitely make it into the .0025 area. Usually support from the previous move down is broken. We will go through .004 this time easily.
Once the selling starts, they don't let you out.
Berryback, correction, $1,089,000 as of this morning.
RonnieD if you think there are not 2 billion shares in the float (either company issued or naked shorted on top of the published 380 million or so on Feb 1) then you are ignorant.
You choose the right word, but you do not know the meaning. Ignorant means uninformed, its not the same as know-nothing. One can know something and still be ignorant. Your case in point.
You're totally wrong. If someone wanted to they could buy 400,000,000 shares in 2 weeks. 3 weeks if they didn't want to push the price up much.
You are just plain wrong. The float is meaningless and its more like 2 billion shares anyway with all the naked shorts out there and new shares that the company has likely issued in the last 2 months.
Let me ask you something, why would some Russian mobster pay .15 or .10 or .05 or .03 for shares he can buy at the rate of millions for .005 - .006??????? If they want the company that bad they can buy up all the shares (if there are under 400 million for real) in about 2 weeks. They can then stage a proxy to take their company off the public markets since they own all the shares they'd control the company.
You are all wishing upon a star.
If you have not noticed, NO ONE ever BUYSOUT pink sheet companies with a TENDER offer and takes them PRIVATE. NEVER. It won't happen here either. The only merger transaction if one occurs will be a reverse merger reverse split.
cashacumming, I don't care about you, you are not one of the pumpers.
how many shares do you have bizzyboy
how many shares do you have ronnied
If the .005% chance happens that the PR looks good, it will be too late for me to get in Lindy.
this is what is in store for longs ....
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cew%5C2007%5C04%5C10....
reverse merger, reverse split, share price and equity wiped out. poor guys investing in SPNI got hit with a 1-432 reverse split and 5% of the new company equity
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spni&sid=0&o_symb=spni&f....
I figure we are good for the .004's today