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Helen and Mitchell are Nevadan's. Nevada's laws make it easy to run a shady stock.
"The business is incorporated in Nevada. Nevada corporate law affords the individuals in control of a company to make significant decisions without first notifying or gaining approval from public shareholders."
http://stockpatrol.com/article/key/pennystockepidemic
Investor Information
February 20 2008
Where do penny stock crooks find their victims? Everywhere around the globe. This is an international epidemic, spreading at a record pace, thanks to the efforts of boiler rooms, greedy promoters and unscrupulous company insiders.
Lately, we have been hearing from more and more readers around the world who have been touched by securities scams. It makes perfect sense. Con artists know that U.S. regulators are unlikely to raise their colors on behalf of an individual investor in Barbados, Germany or the Philippines who has tossed away his life's savings buying unregistered shares of an obscure U.S. public company. So the clever pitchmen peddle their wares overseas, then sit back stateside and bank their profits.
Most frequently, fraudulent schemes involve shares of obscure companies which have few assets, negligible revenues, and dubious operations. But foreign investors - and many domestic ones as well - do not know this. They only know what the salesman is saying. And for the foreign individual investor the U.S.-based broker has instant credibility. The con artist relies on the fact that most people in other countries - and many right here - cannot distinguish a legitimate brokerage firm from a fly-by-night operation.
Stock schemes commonly involve shares of companies that trade on the OTC Bulletin Board, Pink Sheets, or non-U.S. exchanges. As of March 2007, 3,472 companies were listed on the OTC Bulletin Board. Another 4,874 stocks were quoted solely on the Pink Sheets. Almost 37 billion shares changed hands on the OTC Bulletin Board in March 2007 alone – an average daily volume of well over one billion shares a day.
This arena is a crucible for securities schemes. Regulatory resources are strained, and frequently focused in other directions. The global nature of these schemes, and the ease with which companies can issue unregistered stock and sell it overseas, makes meaningful oversight difficult - and often impossible.
The term "penny stocks" is something of a misnomer, since it includes stocks that trade for $5 a share or less. Penny stock rules are designed to protect the public since investments in these low priced securities tend to be speculative and risky. When stock brokers recommend these penny stocks they are required to have an existing relationship with their customer or to determine that such investments are suitable for a new customer. Unscrupulous promoters and boiler room operators generally ignore these rules.
Although penny stock schemes are frequently successful, they seldom are subtle. Unlike the elaborate accounting schemes that accompanied massive corporate frauds at the beginning of this decade - Enron, WorldCom and the like - penny stock frauds usually rely on the garden variety "pump and dump" scheme. In many cases promoters or shady stock brokers gain control of a company and then spread false and misleading information by saturating the Internet with spam email or using cold callers to tout shares. In this way they spark interest in the company, pump up prices, and create an environment in which they can sell stock. Once the promoters dump their shares, stock prices slide back toward oblivion. The game takes on several variations, but the basic framework seldom differs.
Often, these schemes employ one or more of the following tools:
E-mails touting little known struggling companies with virtually no chance of success. These spam e-mails seldom identify the sender or provide accurate contact information. They do not provide a balanced view or disclose investment risks. E-mails promoting worthless companies have proliferated in recent years, appealing to investors around the world.
Unrealistic financial reports and research reports that tout a company without presenting a balanced view and occasionally include unsupportable financial projections.
Press releases that are issued to create a buzz about a company. Upon close examination, these press releases are short on details and long on unrealistic promises. They provide just enough information to whet an investor's appetite.
Announcements that an obscure under capitalized company is about to become a player in a cutting edge industry. After a season of brutal hurricanes, promoters seized upon the plight of storm victims to tout tiny companies that claimed to be poised to profit from relief efforts. For the most part, these claims were without substance.
Internet message boards used to tout or attack a company. Message boards have become a haven for zealots who are prepared to defend worthless companies, even though every available fact indicates that the company has virtually no chance of success. They offer little opportunity for honest debate; just a forum for a company's fans, where negative messages are labeled as "bashing" and critics of the company are accused of undermining the stock.
Shady stockbrokers use aggressive tactics, distorting "facts" about companies and intimidating potential investors.
As we noted, these schemes are transparent. There are a number of bright red flags that should trigger concern:
Claims that an obscure company is poised to capitalize in a "hot" sector, like video sharing, homeland defense, hurricane recovery or AIDS research. In the wake of
September 11th many of these schemes claimed to have developed cures for anthrax and other biological threats.
Companies claim to have relationships with better known, successful businesses. Usually, these relationships are non-existent or insignificant.
The company being promoted does not file regular public financial reports with the SEC.
The company being promoted has negligible assets or revenues.
There has been unusual, excessive trading in a stock.
There have been sudden dramatic price swings for the stock of a company with no track record, discernible business or demonstrated revenues.
The Company routinely uses Form S-8 to register shares for insiders, employees or consultants. Form S-8 allows companies and promoters to flood the marketplace instantly, with registered shares that have been issued to anonymous individuals and companies.
A company with little operating history employs numerous consultants and awards them shares.
The company sells unregistered stock overseas under Regulation S. Regulation S has created a virtually unregulated environment for offshore sale of U.S. securities. Companies listed on U.S. exchanges may sell unregistered stock to non-U.S. residents. U.S. investors are protected because those shares cannot be resold in the U.S. for at least one year. Overseas investors? They are on their own.
The company has engaged in one or more reverse-mergers.
The company has offshore investors whose principals are undisclosed.
A public company frequently changes its business plan, while maintaining the same management.
The business is incorporated in Nevada. Nevada corporate law affords the individuals in control of a company to make significant decisions without first notifying or gaining approval from public shareholders.
Canadian connections. Tiny companies have proliferated with the following in common: they are incorporated in Nevada, have offices in Canada (usually British Columbia), have attorneys in Florida, California or New York, and often use transfer agents housed in Utah. Their goal is to create a jurisdictional blend that allows them to scam investors in the U.S., Canada and around the world. In order to catch these crooks, regulators from these various jurisdictions must cooperate. That takes time and resources – and plays into the hands of promoters who are operating at a far quicker pace.
Where does this leave investors? The red flags are there – and obvious to even the most nearsighted and shortsighted. The bottom line remains, as always – before you invest, investigate
gpgd (not gpgc) I meant to type
What good did it do to "stick it out" with your example. What a horrible company you brought up. Didn't GPGC lose money (Jan 2006 at the merger it was worth $0.05, now its worth $.0014 ). In Oct 1999 that stock traded as high as $8,500/share and pushed over $2000 for several years after. Now its almost trading as low as GBDX and it can't get much lower.
+++++++++++++
In reply to
Posted by: texas tom Date: Sunday, August 03, 2008 2:48:25 AM
I believe the story is not over for Global Diamond. Several years ago, I invested in a company called Universal Development Corp. - UDVE. They were mining for diamonds in Brazil. The company ran into trouble. I stuck it out. The company subsequently was bought out by Mindenao Gold. Later, that company was bought out by Paneraima Gold. So a buyout or merger with a company having assets is possible. Even on the gray sheets. GBDX is not a shell company. They do have a license to export rough diamonds from Russia to the U.S. They may also have an inventory of diamonds.
My attitude is wait and see. My decision to buy or sell, even if trading on the gray sheets, will be based on published news releases.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Pinksheets demoted GBDX to SKULL & CROSSBONES "caveat emptor" (buyer beware) rating and flagged it "grey market" status.
http://pinksheets.com/pink/quote/quote.jsp?symbol=gbdx
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There maybe was just a typo on the suspension period on pinksheets - with 13 and 31 someone could have reversed the order by mistake? Who knows.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Maybe I can explain why the price you saw is so wonderful with a little story I heard a long time ago.
A man was screaming and cursing at the gas station attendant for his high prices, telling the cashier that across the street the price was 30 cents cheaper. The cashier said - okay sir, then why don't you please go across the street to buy you gas. The customer said- "well the sign says they are closed at the moment." So the cashier answered- "my good man, when we are closed, our prices are 75 cents cheaper than that gas station across the street."
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Well they lasted longer than the first time GBDX was in business (13.5 Months) before getting "involuntarily dissolved." BTW Bruce Harlan of the original GBDX has been aspanked by the SEC since that time. Nikolaj V. of the Board of Execs also has been getting some press, an expose book indicated he was a Russian Mob Boss (http://www.lasvegassun.com/news/2000/oct/28/columnist-kate-maddox-reality-bites-again-on-fox/) who ran some business deals with unpleasant endings .
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Detail by Entity Name
Florida Profit Corporation
GLOBAL DIAMOND EXCHANGE, INC.
Filing Information
Document Number M83348
FEI Number 000000000
Date Filed 06/01/1988
State FL
Status INACTIVE
Last Event INVOLUNTARILY DISSOLVED
Event Date Filed 10/13/1989
Event Effective Date NONE
Principal Address
11000 70TH AVE. N.
SEMINOLE FL 34642
Mailing Address
11000 70TH AVE. N.
SEMINOLE FL 34642
Registered Agent Name & Address
HARLAN, BRUCE M.
700 PINELLAS STREET
CLEARWATER FL 34616
Officer/Director Detail
Name & Address
Title P
DESTATTE, JOSEPH R.
11000 70TH AVE. N.
SEMINOLE FL
Title VT
VISSOKOVSKY, NIKOLAJ
11000 70TH AVE. N.
SEMINOLE FL
Annual Reports
No Annual Reports Filed
Document Images
++++++++++++++++
Bruce Harlan of the Original GBDX has been spanked by the SEC already.
http://www.sec.gov/litigation/admin/34-42955.htm
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42955 / June 19, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10234
--------------------------------------------------------------------------------
In the Matter of
LINDA BALLOU, RONALD
WACKLER and BRUCE HARLAN,
Respondents.
--------------------------------------------------------------------------------
:
:
:
:
:
:
:
:
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE
PROCEEDINGS PURSUANT TO
SECTION 15(b) OF THE
SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS,
AND IMPOSING REMEDIAL
SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be instituted against Linda Ballou ("Ballou"), Ronald Wackler ("Wackler") and Bruce Harlan ("Harlan") (collectively, the "Respondents") pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act").
II.
In anticipation of the institution of these proceedings, each of the Respondents has submitted an Offer of Settlement (the "Offers"), which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission or to which the Commission is a party, and without admitting or denying any of the findings contained herein, except as to the jurisdiction of the Commission over them and over the subject matter of these proceedings, and the entry of the injunctions set forth in paragraphs III.A.5., which is admitted by Ballou and Wackler, and III.B.4., which is admitted by Harlan, below, and, as to the matters set forth in paragraph III.A.1., which are admitted by Ballou, the matters set forth in paragraph III.A.2., which are admitted by Wackler, and as to the matters set forth in paragraph III.B.1., which are admitted by Harlan, the Respondents consent to the entry of this Order Instituting Public Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions ("Order"), by the Commission.
Accordingly, IT IS HEREBY ORDERED that proceedings pursuant to Section 15(b) of the Exchange Act be, and hereby are, instituted.
III.
On the basis of this Order and the Offers submitted by the Respondents, the Commission finds that:1
A. With respect to Ballou and Wackler:
1. At all relevant times, Respondent Ballou was associated as an officer and director of Desert Financial Group, an unregistered broker-dealer.
2. At all relevant times, Respondent Wackler was associated as a registered representative of LifeUSA Securities, Inc., a broker-dealer registered with the Commission.
3. On May 31, 2000, the Commission filed a complaint ("Complaint") in the United States District Court for the Middle District of Florida, SEC v. Linda Ballou, et al., No. 6:00-CV-692-ORL-19B (M.D. Fla.). Among other things, the Complaint charged Respondents Ballou and Wackler with violations of Sections 5(a), 5(c), 17(a)(1), 17(a)(2) and 17(a)(3) of the Securities Act of 1933 ("Securities Act") and Sections 10(b) and 15(a)(1) of the Exchange Act and Rule 10b-5 thereunder.
4. The Commission's Complaint alleged, among other things, that, with respect to Ballou, between June 1998 and May 1999, and, with respect to Wackler, between November 1998 and April 1999, Respondents Ballou and Wackler made material misrepresentations and omissions in connection with the offer and sale of unregistered securities, in the form of purportedly high interest promissory notes, in Sebastian International Enterprises, Inc. ("SIE"). Their misrepresentations concerned the risk and safety of SIE's securities, the ability of SIE to pay interest and principal on the notes, and the alleged existence of a surety bond guaranteeing the notes. The Commission's Complaint also alleged that Respondents Ballou and Wackler received ill-gotten gains in the form of commission payments from their sale of SIE's securities.
5. On June 8, 2000, the Court permanently enjoined Respondents Ballou and Wackler from future violations of Sections 5(a), 5(c), 17(a)(1), 17(a)(2) and 17(a)(3) of the Securities Act and Sections 10(b) and 15(a)(1) of the Exchange Act and Rule 10b-5 thereunder. Ballou and Wackler consented to the entry of the permanent injunctions without admitting or denying the allegations of the Commission's Complaint.
B. With respect to Harlan:
1. At all relevant times, Respondent Harlan was associated with an unregistered broker-dealer.
2. On May 31, 2000, the Commission filed a complaint ("Complaint") in the United States District Court for the Middle District of Florida, SEC v. Bruce Harlan, et al., No. 6:00-CV-692-ORL-19B (M.D. Fla.). Among other things, the Complaint charged Respondent Harlan with violations of Sections 5(a) and 5(c) of the Securities Act of 1933 ("Securities Act"), and Section 15(a)(1) of the Exchange Act.
3. The Commission's Complaint alleged, among other things, that between August 1998 and August 20, 1999, Respondent Harlan offered and sold unregistered securities, in the form of purportedly high interest promissory notes, in Sebastian International Enterprises, Inc.
4. On June 8, 2000, the Court permanently enjoined Respondent Harlan from future violations of Sections 5(a) and 5(c) of the Securities Act and Section 15(a)(1) of the Exchange Act. Harlan consented to the entry of the permanent injunction without admitting or denying the allegations of the Commission's Complaint.
IV.
On the basis of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions specified in the Respondents' Offers.
ACCORDINGLY, IT IS ORDERED that:
1. Respondents Ballou and Wackler be, and hereby are, barred from association with any broker or dealer, with the right to reapply for association after three (3) years to the appropriate self-regulatory organization, or if there is none, to the Commission.
2. Respondent Harlan be, and hereby is, suspended from association with any broker or dealer for 12 months, effective on the second Monday following the entry of the Order; and
3. Within thirty (30) days after the end of the twelve-month suspension period described above, Respondent Harlan shall provide to the Commission, addressed to Glenn
S. Gordon, Assistant Regional Director, 1401 Brickell Avenue, Suite 200, Miami, Florida, 33131, an affidavit that he has complied fully with the sanctions described in Section IV. of this Order.
By the Commission.
Jonathan G. Katz
Secretary
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
So now are they are delisted and fall under pinksheets?
And a class action lawsuit they agreed to pay 2million ?
Talk is cheap and apparently certificates like that didn't mean very much to this company when it went under the name WWCD right before "changing business strategy" by merging with GBDX and completely doing away totally with that license and everything associated with it for no clear reason. Just look at the EU "certifications" , revenues, etc-- sounds great right! then they decided to become GBDX. So this behavior of claiming to have a valuable business license is an OLD TRICK by this group and they are looking for new dogs to use it on.
****************************************
World Wide Cannery and Distribution Inc. to Increase Sales Force
Market Wire, April, 2006
E-mail Print Link World Wide Cannery and Distribution Inc. (OTC: WWCD) is pleased to announce that its wholly owned subsidiary, the Seafood Factory, is set to expand its sales force in order to keep up with an increase in demand and productivity. The Seafood Factory is scheduled to hire four additional sales representatives to help the company deal with its new production capabilities.
With the recent acquisition of a distribution center and complete European Union Certification, World Wide Cannery, along with the Seafood Factory, are now able to expand output and increase overall production. The Seafood Factory has already reached close to 3.5 million Euros (US $4,200,000) in sales for the first three months of 2006. With crab season only now approaching, the Seafood Factory is on pace to increase its sales figures by roughly 60% from last year. In fiscal year 2005, without complete EU Certification, the Factory was able to produce 14.5 million Euros in sales.
Furthermore, World Wide Cannery and Distribution Inc. is working with the Department of Homeland Security in obtaining security certification for Seafood Factory products entering the United States. Certification from the DHS will make it easier for clients in the U.S. to receive their products in a more timely and efficient manner and will also increase the Seafood Factory's ability to export into the United States.
About World Wide Cannery and Distribution:
World Wide Cannery and Distribution Inc. ( www.seafood-factory.com ) is a food manufacturing and distribution company. Looking to expand production, World Wide Cannery recently acquired the Prague based Seafood Factory, a food manufacturing and distribution center. Last year, the Factory sold $17 million dollars in luxury seafood that includes King Crab, canned crab meat, caviar and other high end seafood products.
++++++++++++++++++++++++++++
World Wide Cannery and Distribution Becomes Global Diamond Exchange
Posted on: Friday, 22 September 2006, 12:00 CDT
Effective immediately, World Wide Cannery and Distribution (PINKSHEETS: WWCD) has changed its business model along with its company name. World Wide, through the board members affiliation in the Diamond industry, has joined forces with Global Diamond Exchange (PINKSHEETS: GBDX) and has taken on the company name along with a new trading symbol of GBDX and Cusip number 378977102.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
In addition to the charge of "lack of" "accurate information" we are informed specifically what the problem involves: reliance on the Rule 504 of Regulation D. That is a humongous issue. Are they really justified to claim this exemption in all the billions of shares they sold and hiding of information about their company/stock/merger/shares/profits, or is this all BEING DONE FRAUDULENTLY . The SEC has called into question if the company is truthfully eligible for this exemption status that it tried to pass itself off under.
+++++++++++++++++++++++++++++++
"The Commission temporarily suspended trading in these securities because there is a lack of current and accurate information concerning its securities. QUESTIONS HAVE ARISEN CONCERNING the company's current business operations, control of the company, and the COMPANY'S RELIANCE ON RULE 504 OF REGULATION D of the Securities Act of 1933 in conducting a distribution of its securities. "
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Why do you think the sec says the word "accurate", why not just say "lack of current information"?
There is a lack of current information .
There is also a lack of accurate information.
That explains why they are suspended.
They made it worse on themself by making statements that were not carried out. For example in their homepage since 2006, in p.r.s, and on an sec filing they made in 2007 about intent to consider a merger, they said they planned on disclosing major information abou their operations. However, they boldly and shamelessly neglected to carry out said disclosures despite misleading everyone into expecting this to happen.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
COMMISSION ANNOUNCEMENTS - SEC Suspends Trading in the Stock of Global Diamond
Thursday 07/31/2008 4:28 PM ET - Find Government Press Releases
Related Companies
Symbol Last %Chg
GBDX 0.0005 0.00%
As of 12:00 AM ET 7/30/08
Today, the Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of Global Diamond Exchange, Inc., at 9:30 a.m. EDT, July 31, 2008, through 11:59 p.m. EDT, on August 13, 2008.
The Commission temporarily suspended trading in these securities because there is a lack of current and accurate information concerning its securities. Questions have arisen concerning the company's current business operations, control of the company, and the company's reliance on Rule 504 of Regulation D of the Securities Act of 1933 in conducting a distribution of its securities.
+++++++++++++++++++++++++++++++++++++++++
The fact that the company kept saying on its website since 2006 that it was about to have an SEC type audit, and tell about the biography of its officers, but never ever did so- that is a problem. The fact that they were systematically diluting the stock and put out a p.r. saying they 'intend' to reduce share numbers is a problem-- and they tried to confuse the issue with requesting a "gag" on the "transfer company" from admitting the outstanding share so they could try to discombobulate suckers to believing fantasy theories saying they are not really selling all those billions of shares. The company went ahead and filed a p.r. through the SEC saying if and when any kind of merger/takeover occurs they are going to give out information to the shareholders--- but the takeover of the board was July 2007 and completed Sept 2007 with no explanation of the share structure, the method of the takeover, the business model, or who is really behind this company.
The certain newsletters and pumpboards have also played a part in misiforming and misleading people . IF they were insiders hiding behind some of these aliases or feeding them information - that would probably be illegal and could be part of this SEC investigation as well.
What remains to be seen is if insiders are charged with feeding info to paid advertisers, internet newsletters, or using aliases on messageboards and chat rooms to mislead the public (with insider info that helps them sound more persuasive). Here is a good one- when one of the share increases happened, some chat boards knew that there was going to be a token and small share decrease way before it was made public on the nevada sos website. There was a leak. Now whoever shared that info may have been using their "knowledge" of that type of useless info to trick people to believe their other "tips"
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
They might be unable to prove they deserve reg d exempt status, thats why they might not be able to respond to the SEC charges. Consequently, if they fall under the full sec requirements for disclosures and filing they might face serious fraud charges, suspension, have their business credentials revoked, legal charges etc.
if improprieties are found in the business and p.r..
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
"Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud."
source:
http://www.sec.gov/answers/tradingsuspension.htm
Its a 75$ flat "late fee for list of officers". Where do you come up with 5000$ per day late fee,did you make that up?
http://www.nvsos.gov/business/forms/pdf/FeeScheduleProfit.pdf
++++++++++++++++++++
Posted by: rjjack52 Date: Wednesday, July 30, 2008 7:15:42 PM
In reply to: Orangeman3 who wrote msg# 76227 Post # of 76229
Its a 5k penalty for each day late.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
I showed you an article from a national newspaper explaining that SEC is not responsible for validating any lies in their p.r. So its really silly for you to keep acting like their p.r. means anything. An audit would mean something- thats why their failure to do it the past 2 years after announcing it was coming since 2006 is so telling.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Sec does not regulate penny stocks below 10 million value. They do not care if they lied in all of their p.r.s. You missed the point. Read the article in my previous message again. Maybe after the sec saw that they were worthless they realized its out of their jurisdiction. They do however prosecute people like Helen Bagley and Jeff Turino who were involved in some ways with the history of the GBDX shell - that is a far cry from them regulating gbdx.
P.s. nevada laws allow companies to make changes without telling or asking the shareholders. So enjoy getting taken advantage of! http://stockpatrol.com/article/key/pennystockepidemic
You mean like O.j. was proven innocent? Actually I only know for sure that Helen Bagley was in trouble (she is involved with GBDX and is in trouble over Cmkm diamonds) and WillyWizard admits he was in trouble with the SEC and interrogated about his GBDX involvement, and Jeff Turino was banned from stocks for a whle (involved with the shell prior to GBDX and he is credited for the alliance with GBDX reverse merger). That is different than saying that GBDX was given any sort of bill of health. It probably is no more in trouble than other pinksheets but that is a far cry from saying it is a company that wont continue losing 1000% of value every year or two.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
They were very misleading- saying they would have an audit (announced right at the first shipment announcement) and they would decide based on the audit how to proceed with future shipments. 2 years later and no audit still! After looking closely I can see how their lawyers worded it to make it look like they are "in the process of hiring" company to do audit and "having a goal" of an audit. THey can say opening a phone book is the proces of finding an auditor. That is pretty misleading for someone who never carries out an audit 2 years later- I guess their lawyers worded it that way to help them avoid problems later.
They worded it to make it look like they would audit before making another shipment. Then they went and claimed to make 2 more shipments without an audit. This seemed fishy and makes you think that they were stringing people along with no intention of ever doing an audit. 2 years later no audit!
You are confusing 2 things that are not the same. You are referring to a discussion whether its legal to say their "intention" to exit the market. That statement is hard to disprove because their "intention" is not something you can really measure- its like an "emotion" or "thought" so that is not something you can prove that they lie about. To take that statement I made and say that I believe everything they ever published in every p.r. is a bit of a stretch - but nice try.
______________________________________________________
When can I see the financial information?
The company is in the process of hiring an S.E.C. approved audit firm with multilingual capacities. The company only wants to release reviewed or audited financial data. This includes size of the first shipments, sales, profits, share structure. All financial data that would be relevant to normal GAP accounting procedures and audit standards. It will be released to all shareholders at the same time. The companies goal is completely audited and disclosed financial information. As soon as the reviews are complete and signed off the company will release information. When the audits are complete the company will evaluate the merits of another exchange.
***************************
Second Order of Diamonds Arrives in New York, Currently Being Graded
Thursday January 11, 10:35 am ET
NEW YORK, NY--(MARKET WIRE)--Jan 11, 2007 -- Global Diamond Exchange (Other OTC:GBDX.PK - News) is pleased to announce that its second order of diamonds has arrived in New York and will be ready for sale once they are GIA graded. The breakdown of the second order is as follows: There are a total of 162.87 carats with a value of roughly $1.4 million. The individual stones range in size from of 1 to 3.6 carats. The company fully expects future orders to increase in frequency and size along with their wholesale value.
Also, due to the Russian Holidays, with the Russian Orthodox Christmas being this past Sunday, the company has faced some delays in moving ahead with its normal course of business. The company is looking forward to resuming a normal work schedule which will include short term goals of getting the third order of diamonds, hiring an audit firm and finalizing the Board of Directors. Global Diamond Exchange is excited by the prospects of this New Year and looks forward to a successful 2007.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
That kind of garbage is worthless. There is no validation of that claim. GBDX knew that people would not take this p.r. at face value, and that is why they said in 2006 there would be a disclosed audit after the very first shipment . 2 years later they did not carry it out and that tells smart money that it was all a bluff.
**********
Global Diamond Grading Stones, Set to Open Office
Market Wire, November, 2006
Global Diamond Exchange (PINKSHEETS: GBDX) is pleased to announce that its first diamond shipment has arrived in New York. The finished stones are currently being grade certified and sales will commence as soon as the process is completed. The company anticipates that everything should be completed by Monday, November 13th. Furthermore, company buyers are scheduled to depart overseas next week to begin purchasing parcels of rough to cut for the next shipment.
Also, in response to a very large number of shareholder queries, the company is currently updating its corporate web site to include management, officers, and directors. Additionally, Global is in the process of hiring an audit firm with international accreditation and multilingual capabilities to schedule and complete the audit process both domestically and internationally. This will provide the base to be current and compliant under the new Pink Sheets standards and/or application to another exchange.
********
The real proof would be the s.e.c. approved audit that was promised after the very first shipment. Without that we have no way to validate those claims, no way to know if they made a profit, no way to see if the diamonds really came. Case in point is the previous shell of GBDX called World Wide Cannery Distribution--- they were operating a fake caviar company and blabbing in p.r. how they had a lucrative license and how they were making gobs of money selling expensive canned fish products-- well it came to pass that a prague news agency proved their warehouses were empty! Then World Wide Cannery and Distribution (who soon after reverse merged into gbdx in 2006) they said they were really a empty can making "container" business to cover the lie. Well saying something on a p.r. is not proof because no one verified this. It is a bluff by the anonymous board of directors with no verifiable biographies (also promised since 2006 but never disclosed). We know it was a bluff because the audits promised on the 2006 shipment were never done! It doesn't take that long for an audit.
Posted since 2006 On GBDX website FAQ:
"Can we have the officers and directors biography’s?
Yes, the web site is being updated to reflect the current management structure and their experience. " (This never was updated as of July 2008).
-----------------------------------------------------------
Posted in 2006 on GBDX website!
http://www.globaldiamondex.com/faq.php
When can I see the financial information?
The company is in the process of hiring an S.E.C. approved audit firm with multilingual capacities. The company only wants to release reviewed or audited financial data. This includes size of the first shipments, sales, profits, share structure. All financial data that would be relevant to normal GAP accounting procedures and audit standards. It will be released to all shareholders at the same time. The companies goal is completely audited and disclosed financial information. As soon as the reviews are complete and signed off the company will release information. When the audits are complete the company will evaluate the merits of another exchange.
*****
The bogus pump below happened only a few months before the wwcd cwas completely folded up and the reverse merger to GBDX took place. What happened to all the great import/export licenses, 12 million a year revenues etc? It was never validated- all a bluff- and now GBDX pulls the same exact thing-- all a bluff- no validation.
*********
Market Wire, April, 2006
E-mail Print Link World Wide Cannery and Distribution Inc. (OTC: WWCD) is pleased to announce that its wholly owned subsidiary, the Seafood Factory, is set to expand its sales force in order to keep up with an increase in demand and productivity. The Seafood Factory is scheduled to hire four additional sales representatives to help the company deal with its new production capabilities.
With the recent acquisition of a distribution center and complete European Union Certification, World Wide Cannery, along with the Seafood Factory, are now able to expand output and increase overall production. The Seafood Factory has already reached close to 3.5 million Euros (US $4,200,000) in sales for the first three months of 2006. With crab season only now approaching, the Seafood Factory is on pace to increase its sales figures by roughly 60% from last year. In fiscal year 2005, without complete EU Certification, the Factory was able to produce 14.5 million Euros in sales.
More
Articles of Interest
World Wide Cannery Distribution Moves to Florida.
World Wide Cannery and Distribution Becomes Global Diamond Exchange
World Wide Cannery Shares Surge on Sale of Seafood Factory Stake.
World Wide Cannery Sells Its Ownership of the Seafood Factory, Eliminates Debt
World Wide Cannery Subsidiary to Expand Sales Force to Meet High Demand. Related Results
World Wide Cannery Changes Address.
World Wide Cannery Distribution Moves to Florida.
World Wide Cannery and Distribution Becomes Global Diamond Exchange
World Wide Cannery Shares Surge on Sale of Seafood Factory Stake.
World Wide Cannery Sells Its Ownership of the Seafood Factory, Eliminates Debt
Furthermore, World Wide Cannery and Distribution Inc. is working with the Department of Homeland Security in obtaining security certification for Seafood Factory products entering the United States. Certification from the DHS will make it easier for clients in the U.S. to receive their products in a more timely and efficient manner and will also increase the Seafood Factory's ability to export into the United States.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Start with much more important questions. Its surprising that no one has any proof of diamond sales - no diamond industry trading with them, and no diamond industry trade advertising by the company in any professional or believable manner.
Its pretty obvious why all the sudden the selling- because some people wanted to buy when it neared and hit the all time low. Sib was selling all along but once the price tanked a little then the palchatters and other longs who are averaging down ad nauseum decided it was time to throw away some more money. Now that sib can unload more of the 500 million raise in June we can expect another share increase around the bend. At the low volume- if that had kept up - then sib would not have done another share increase. Now he has to. The only thing is that with this dilution it is going to keep getting harder to stay above .0001 without the inevitable reverse split and those often come with the reverse merger in the history of this shell (see nevada sos, business entity search).
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Why did the sec look at them? THATS why no p.r.s. Yes it sucks for them and the shareholders who lost money that GBDX has to stop feeding baloney stories to the public. Instead everyone must settle for low priced stocks but thats why they can't put out any false p.r.s any more. In that sense, the game is over. But its still free for them- at whatever the price. They sold this stock at .02, .01, .008, .0065, .003, and now .0005 no biggie. There are still suckers lining their pockets with gold over the fake diamond company.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
So you said that with 100 million in volume that GBDX was going to hit .006. Instead the price was between .0006 and .0007 today- you were only off by 1000% to 850% off prediction- on a 92 million volume today. Nice try - but your old post was still there for everyone to see. Sometimes overanalyzing things just doesn't work dude- face it this one is an obvious dud and you can keep coming up with theories of GBDX tricking shareholders and pretending their company is not worth anything (what a great theory) but meanwhile everyone is losing more money and your theories get more and more outlandish (not to mention inconsistent).
*******
In response to prior post by astronomade:
********
Posted by: astronomade Date: Thursday, June 26, 2008 9:48:44 AM
In reply to: zahnj who wrote msg# 75570 Post # of 76003
With 100M buy we will be cruising around 006.
GBDX is not trading like all the others dilution machines (AMHD, DLAV, TSSP).
Will not be surprise to see a float around 400M.
IMHO
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Can't you see where the share total is 2.85 billion? How did you miss the share increase in June 4 of 500 million shares? The entire volume from that date until today was around 400 million, (so even assuming 100% of the trades were buys from gbdx and none were among the traders themselves they still have enough shares to unload from that last increase). That means that the June share increase is plenty enough funding todays buying. As far as if the buys were among a big buyer or small buyers guess I was wrong if someone says so- but in my guess the total of 60 thousand bucks worth traded is not all that much in the stockmarket- and someone like astroboy who predicted a 100 million trade day was enough to make the price rise 10 fold- well if he is the one who put up the money then he found out instead the price drops when you see high volume.
Well maybe thats because the ask is .0007, why not raise you price to .0007 if you want to buy some?
Posted by: thelonghaul Date: Monday, July 21, 2008 1:07:33 PM
In reply to: Tacoz who wrote msg# 75976 Post # of 75981
No tacoz you are incorrect. Look at the trading today. There have been two buys all day long and countless large sells at .0006. I have a buy order in at .0006 and they won't fill it even after a 60 million share "dump".
It is obvious to me what happened. Longs and flippers are buying in now that it approached the all time low again- and they are buying the shares that sib has been mass producing all along.
Its not exactly a secret that sib/gbdx has 2.85 billion shares and they are not shy about selling them cheap- 1 penny will get you about 17 shares of GBDX.
So what about the complete financials that were promised "shortly" in 2006 and then again in April according to the rumor you posted about the GBDX First Global transfer agent Helen Bagley? According to the news, she is in deep for fraud documents on CMKM and lawyers are trying to bar her from working in the industry.
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=21239
"faulty documents through CMKM's transfer agent, 1st Global Stock Transfer LLC, and its owner, Helen Bagley, were issued by the stack without restrictive legends."
"The commission charged CMKM, Casavant, Edwards, Gutierrez, Kinney, the Tomassos, 1st Global, Bagley, NevWest, Anderson, Rumyantsev, Santos, and Dvorak with violating Section 5 of the Securities Act of 1933 by participating in an unregistered distribution of securities. The commission also charged CMKM and Casavant with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. In addition, CMKM is alleged to have violated Sections 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act, and Casavant is alleged to have violated Rule 13b2-1 under the Exchange Act. Finally, the Commission charged Casavant with aiding and abetting CMKM's violations of Sections 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act, as well as violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a 13 thereunder for which CMKM was previously found liable in an administrative proceeding.
The commission seeks a permanent injunction against all defendants. The commission also seeks an accounting, disgorgement with prejudgment interest, and civil penalties against Casavant, Edwards, Gutierrez, Kinney, the Tomassos, 1st Global, Bagley, NevWest, Anderson, Rumyantsev, Santos, and Dvorak. In addition, the Commission seeks a penny stock bar against Casavant, Edwards, Gutierrez, Kinney, Anthony Tomasso, Kathleen Tomasso, Bagley, Anderson, Rumyantsev, Santos, and Dvorak. Finally, the commission seeks an order prohibiting Casavant from acting as an officer or director of any public company."
It seems that Almaz have the right strategy.
Some longs are doing exactly what the company is praying for !
Buying more shares !
Nice strategy Almaz, I guess we will have to wait two more years with all these cheapies you're selling each day..... before you pack it in.
=========================
Posted by: astronomade Date: Wednesday, July 16, 2008 3:51:26 PM
In reply to: None Post # of 75889
It seems that Almaz have the right strategy.
Some longs are doing exactly what the company is praying for !
Selling at the bottom millions of shares !
Nice strategy Almaz, I guess we will have to wait two more month with all these cheapies you're collecting each day.....
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
low volume is good for everyone except gbdx.
it if dries up completely then they will lose more money than it takes to run this empty shell (as low as overhead is, they still have rent and few fees). finally gbdx will move on and make a reverse merger. then shareholders and flippers can stop parking their money here and move on to stocks that are for real.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
more likely they won't respond because don't speak english judging from how they mangled the translation of the GBDX news releases. I can't imagine a journalist from any newspaper who is going to selectively answer emails after checking with the publisher as to whether their subscription is up to date.
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
The fake report with no author reference has clearly not read the official gbdx news releases.
The fake report says "For the moment the action Sib Almaz is not available on the market, it has yet purchased Global Diamond Exchange (Company unknown, but with a valuable export license from Russia to the USA).The takeover was delayed (until January 2008) because of an internal investigation by the SEC for some ex-employees and shareholders of Global Diamond Exchange".
The fake report is a hunk of baloney all the sale dates are total lies!
http://www.globaldiamondex.com/news.php
September 17, 2007 - 7:30 AM EDT
Global Diamond Exchange Inc. Changes Ownership
Management for Sib Almaz is pleased to announce that it has completed the purchase of the controlling interest in Global Diamond Exchange Inc. (PINKSHEETS: GBDX). Sib Almaz is now in full control of the company with new management already in place.
A simple check at the GBDX webpage or any place that the last 2 news releases by GBDX will reveal that this article is not aware of the most recent and most basic of facts about GBDX. The sale of GBDX occured and Sib took over the company in July 2007 making it official in September 2007.
July 2007 PR says July 11, 2007 - 12:16 PM EDT
Global Diamond Exchange Announces Corporate Changes
NEW YORK, July 11 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX) is announcing that CEO Alexey Cherbekov has resigned and that he has been replaced as of today by Mr. Slava Beurikov. Furthermore, Global would like to announce a second addition of Ms. Elena Voushva as Corporate Secretary. Mr. Beurikov and Ms. Vousheva we chosen from a list of candidates presented by Sib Almaz for new management. Sib Almaz has been identified as the potential merger/takeover candidate and Global agreed upon new management as part of the ongoing due diligence process.
http://www.globaldiamondex.com/news.php
Now you are interested in the price staying the same at .0009, before you were assuring people it was going to return to .0055 (after it dropped back then). But nope, it only went down with the dilution, never reached those good ole days of .0055 / .018 etc).
----------------------------
Posted by: zahnj
Date: Wednesday, July 09, 2008
Post # of 75825
What's really interesting is that the price isn't sliding lower.
------------------------------------------
By: zahnj
11 Aug 2007, 04:13 PM EDT
Msg. 2608 of 5280
Jump to msg. #
It doesn't really matter what the bashers here say. Recognize it for what it is: an attempt to get shares at lower prices. I have shares from .0055 all the way up to .018. If it goes down to .004 I'll buy more. This stock will go up again, whether it's a pump or an all out run. So buy lower, sell higher
from rapaport diamond news article 3/7/2007: "Since Global Diamond Exchange set up offices in New York in November 2006, all attempts by Rapaport News, including a personal visit to the company building address, to discuss the business strategy and company tenders went unanswered. However the firm's public relations representative Alex Livak told Rapaport in January that the company's first financial statement would be forthcoming." Forthcoming? it is 16 months and counting.
Maybe you should be wondering why after the SEC investigation GBDX stopped making P.R. Ya think maybe they are afraid to keep telling lies now that the SEC has their file opened?
Glad to see that people buy stocks only because the ceo was not arrested yet and because the spread is only 11% loss if you want to get out of the stock (I see stocks all the time that are 1/10 of 1%). To people used to losing money maybe 11% loss is good, but to me any guaranteed loss is best avoided. Glad to see that failure to spread lies in the news is also "a good sign". What ever happened to good signs in financial disclosures, good signs in share structure disclosures (gagged over 1 year), good sign in exposing how Sib Almaz was given control of the company (promised since Sept 2007 news release), or good signs in publishing the biographies of the board members (as promised since the corporate website was launched in 2006).
http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr
Since you asked----
1. You can't file fake news reports forever especially after sec investigations. You can't "pump" that you are going to reduce shares or conduct an audit anymore because frankly its not happening. So what good would a news flash do? There is a credibility gap, and if they cant answer lots of old questions they decided it was better to plead the fifth.
2. Sib has added shares like crazy which is the exact opposite of buying back the company!
3. You call that a pump? Thats a bad sign when stocks are blacklisted- harder to sell your shares- get stuck with worthless stock- etc. If there is SEC investigations I can't see how these events would not be connected.
4. You call that a pump? Thats not a reason to buy a stock!
5. Low volume because no new people want in, no flippers are willing to keep losing, longs have ran out of money but aren't selling. By the way low volume is bad for longs and flippers because of bigger and bigger trading margin on the bid/ask.
Also at these micro prices its harder for flippers to sell because it takes a much bigger jump (20-30%) to get out with even a small profit vs. when a stock price is
+++++++++++++++++++++++++++++++++++++++
Posted by: thelonghaul Date: Tuesday, July 08, 2008 11:21:21 PM
In reply to: None Post # of 75801
GBDX overview/recap:
1. Company (now Sib Almaz) has been quiet for the last 10 months. Why don't they release news if they are selling shares instead of diamonds (diluting). News would pump the price to a reasonable level and they could sell their shares at 10X to 100X the current pps? Anyone supporting the atm theory needs to answer this question.
2. Since January we have seen random sizable runs on no news in the midst of heavy message board bashing. Where does the buying come from? Pump groups? Is Sib actually buying like they said they were going to do in September?
3. TD Ameritrade no longer allows anyone to buy GBDX. Protecting investors(lol)? Are they short?
4. Although we have reason to believe that GBDX has been investigated heavily by the SEC as they have the same transfer agent as CMKX, the stock has never been halted.
5. While many claim that the float for GBDX is enormous (2 billion+), the trading suggests otherwise. Volume has been extremely low of late and the price has been moving on just a few million shares or less.
Other than that???????????????????????????????????????????.
We just wait for news and/or a big run. Probably the latter first.
what a lie - your fake report with no author reference has clearly not read the official gbdx news releases. Your fake report says "For the moment the action Sib Almaz is not available on the market, it has yet purchased Global Diamond Exchange (Company unknown, but with a valuable export license from Russia to the USA).The takeover was delayed (until January 2008) because of an internal investigation by the SEC for some ex-employees and shareholders of Global Diamond Exchange". Just about every word on that is opposite of the GBDX homepage p.r. stating the sale occured and sib took over months before even buying the company.
Here is the truth: sib almaz has taken over gbdx long long ago. July 2007 PR says July 11, 2007 - 12:16 PM EDT
close Email this News Article
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GBDX 0.001 0.0003
Today 5d 1m 3m 1y 5y 10y
Global Diamond Exchange Announces Corporate Changes
NEW YORK, July 11 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX) is announcing that CEO Alexey Cherbekov has resigned and that he has been replaced as of today by Mr. Slava Beurikov. Furthermore, Global would like to announce a second addition of Ms. Elena Voushva as Corporate Secretary. Mr. Beurikov and Ms. Vousheva we chosen from a list of candidates presented by Sib Almaz for new management. Sib Almaz has been identified as the potential merger/takeover candidate and Global agreed upon new management as part of the ongoing due diligence process.
http://www.globaldiamondex.com/news.php
September 17, 2007 - 7:30 AM EDT
Global Diamond Exchange Inc. Changes Ownership
Management for Sib Almaz is pleased to announce that it has completed the purchase of the controlling interest in Global Diamond Exchange Inc. (PINKSHEETS: GBDX). Sib Almaz is now in full control of the company with new management already in place.
----------
however i would like to learn more about the sec violations, who was involved and what they did. please announce more about the sec. is spreading fake information about a company and their corporate takeover against sec rules? is this fake pr illegal if done so for some flippers to shake up the price?
Pleased to meet you Sib Almaz! I doubt you could be anyone else because with the drop in prices few others can claim to have made money ! If not for the new shares even you Mr. Almaz would have been quite down in funds too.
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfraud/investigate.htm
http://www.sos.state.ga.us/investor_education/con_artist.htm
there is nothing to buy out if the value of the company is zero or lower. call it bankruptcy if you will. call it going out of buisness. call it a reverse merger into a brick wall. point is this company has not carried out any of its assurances to the public about disclosures of its takeover that occured, share structure almost since day 1, and is hiding nearly every possible bit of evidence of existence or operations. Do not be surprised by a total 180 degree turn by the shell company.
Question: if Sib Almaz is accumulating these low priced shares how come there is such low volume? Answer: cause sib almaz is not accumulating, he is selling these low priced shares and noboby wants to lose even more money on a sure thing money loser.
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfraud/investigate.htm
http://www.sos.state.ga.us/investor_education/con_artist.htm
Sib Almaz needs more volume so sib almaz can add another 500 million shares. At this low volume they are falling behind on sales and may not be able to do so until August.