Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GF clause applies to those stocks on the SHO list!
I believe the deadline will be known after the PR/To.JMO!
Dec 5 is not a deadline...IMO!
good post...DD. /em
another read.........
Russia has issued its diamond discoveries for the first time as part of the Kimberley Process Certification Scheme (KPCS). In the first half of 2007, Russia was sorting and valuing 17.9 million carats of diamonds worth US$1.2 billion. Alrosa, Russi’a major diamond producer contributed 38.4 million carats worth US$2.6 billion in 2005 and 2006. The average price per carat was US$67.11.
http://www.diamondworld.net/newsroom/news.asp?newsid=1408
something toread ................
Alrosa to sell shares to State
The Russian government is on the verge of increasing its shareholding to 43%
Newsroom : 2007 : 11 : News
Author: Diamond World News Service
Updated On: 11/13/2007
Home :: Newsroom :: 2007 :: 11 :: Alrosa to sell ...
Following Alrosa’s plan to sell its 72,726 new shares worth $40 million (981.94 million rubles) to the state, the Russian government is on the verge of increasing its shareholding from the earlier 37% to 43%. The state ownership will also be made through the transfer of a 10.6% stake from the state-run bank VTB (Vneshtorgbank), according to Reuters.
Apart from the state, other shareholders in Alrosa include the government of Yakutia (32%), and eight regional districts. The state interest in Alrosa is being perceived as a boost for the company, which intends to diversify into gold and coal before going public within a year’s time.
the company should 8K all material events and thus make it transparent!
surely a filing would set the record straight!!-e/-
and if there is no BO intent, the 60 day rule goes out of the window!!!!!
shorts going into action!!! O.K SIB, you need to increase A/S by another 500M!!!
just from experience, having watched a pinkie become a reporting company via a SB2, SEC is satisfied if they delete the PRs from one of the major websites which Yahoo happens to be one!! It is hard to keep track of all the websites that publishes the PRs!
probably they'll be an OTCBB company when they get delisted...when? who knows?? LOL!
and by the way, it looks like a TO is not in sight, at least for the near term as they have deleted all PRs referencing the BO. Only the latest one is remaining, which means there has been a change of ownership and ultimately want to exit the domestic market!!!
And they need not file a 15c211 but instead file a SB2, essentially a propectus along with registration of shares...which means SEC is scrutinizing the filing!! Upon approval they become a reporting company and hence can deal with NSS effectively!!! Plus all the shareholders get a glimpse of the company's financial health.
just my 2 cents!!! believe it or not!!!!
how reliable are your sources??/ no one has ever, and I mean ever has been to tell what GBDx management is about to do!!! But if you think they are relibale sell all your shares and buy back in Jan. You can tax deduct the losses.
However, it appears GBDX has submitted a filing and is being questioned about the contents of the filing!! That's why the BO PRs have been deleted, not by Yahoo but on request by GBDX management. If the filing is a 15c211 then NASD is questioning the company and not SEC!!! JMVP!!!!!!!
Merry Xmas to Alexey Cherebkov...whereever you are!!! I hope your successor understands your letter to the sharholders dated 4 April 2007....Now how about a statement from Mr. Slava Beurikov !!!!
April 4, 2007 - 7:00 AM EDT
GBDX 0.0023 -0.0002
Today 5d 1m 3m 1y 5y 10y
Global Diamond Exchange: Message From The Chairman
NEW YORK, April 4 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX) would like to present to you a statement from Company CEO and Chairman Mr. Alexey Cherebkov:
Dear Shareholders:
I would like to give you a brief update as to what's happening with our company. First the business of the company is continuing in a normal fashion. We are growing at a manageable rate, with a steady increase in shipment value as witnessed by our latest press release. I would like to clarify a key point from several emails that I have recently received. We are a wholesale company. We only sell to other wholesalers, and we do not currently have a retail location. Our business is predicated on selling lots or a composite grouping of cut and polished stones. We sell these lots to established wholesale clients only, not to individuals or unknown unproven wholesalers. The business model is simple but the misconceptions are enormous. Shareholders want to look at the facility and see the stones as they arrive. This is impractical for security and insurance reasons.
The potential takeover/merger: The due diligence process is proceeding as planned. The corporate attorneys are en route to meet with the potential suitor and finalize the points of the transaction within a reasonable period of time. We are not assigning a 'drop dead' date to the potential transaction nor do we want it to linger in details. You the shareholders want and deserve a clear explanation of the potential transaction. The attorneys will provide that once the process is complete, including all material facts such as record dates and pay dates.
Our goal is to maximize shareholder value and satisfy the suitor's demands. At the end of the day the suitor wants to exit from the public market. Global will cease to exist as a publicly traded company if the transaction proceeds as planned. When the company entered the public arena we did not realize the burden of the public sector. The potential suitor does not want the additional work necessary to maintain a public company nor in our estimation do they need to be in the capital markets. Consequently, all shares held by the public will ultimately have to be surrendered if the transaction can be consummated. The legal team is working to satisfy the government requirements and inquisitions from filing the form TO.
Additionally, there have been inquiries about certain individual(s) and unsubstantiated rumors involving the company. The individual(s) in question are in no way affiliated with this organization and these rumors and innuendos only hurt you the shareholder and the company's credibility, as well as running up the corporate legal bill. I further urge you to ignore all the speculation about this takeover/merger. No one knows the final details and everything right now is considered hearsay. As soon as we are allowed, you will know exact details and what you the shareholder will gain from this transaction.
On behalf of Global Diamond Exchange, I would like to wish all of you a Happy Easter and Happy Passover.
Sincerely,
Alexey Cherebkov
Chairman and CEO
Global Diamond Exchange
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the 'New York's Diamond District'. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the 'Act'). In particular, when used in the preceding discussion, the words 'plan,' 'confident that,' 'believe,' 'scheduled,' 'expect,' or 'intend to,' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
SOURCE Global Diamond Exchange Inc.
Source: PR Newswire (April 4, 2007 - 7:00 AM EDT)
News by QuoteMedia
www.quotemedia.com
TGTL...does not make sense!!! If they filed a registration statement, they can PR that they have done so without divulging any other info. Why file a registration statement when they want to exit the domestic market!! They can buy the shares in the open market and get delisted. The financials can be depicted in form 13E-3 as well as their valuations/appraisals. In addition the share/capital and the debt structure is depicted. This should suffice for a SH to take a decision.
so the only way to force the shorts to cover is via a BO announcement!
35 days only if it is already on the SHO list!! GBDX is a not section 12 company and hence it will never get on to the SHO list. I could be wrong.
come on SIB give us the NEWS~~
I would not doubt that! Better to clean up before exiting and play it by the book as these hedgies go long as well as short, albeit, their short position could be several times larger than their lomg position.
Good, you R helping SIB!!
NOT..unless it says so 'halted'. LOL!!!
calendar days, unless and otherwise specified!! Example...if it was trading days then they will specify trading days.
flippers/traders normally sell after 3 soldiers!!
1.6M buy at ask...,,,,0.0025
Good point Orangeman....nothing is verifiable!!!!!
Rem...probably that could fall under "wilful manipulation'!!!! The SEC can go after GBDX even after they go private or the court can. So I think GBDX will play it by the books. However, this could have happened...typically Russian companies reconfigure the capital/share structure by combining assets (at book value or so, after confirming by a third party)...so after Sib Almaz combined/ merged their assets with GBDX, they may have found that they are still short by a few shares for controlling interest, and so they may have purchased those shares for a reasonable, negotiated Value. I am assuming that GBDX has assets as prior to the TO they did PR that they were thinking of acquiring a synthetic diamond facility!! Only a company with assets can think of acquiring another business entity.JMVP!!!!
'Virtual office' is a concept!!! I think you should visit the Bay area(Silicon Valley) to see how companies leverage technology i.e if you can understand technology!!!
so who recycled their shares???
less than a million traded so far!!!!!!!!!!!!!!!!!!!!!
is the Code ready to be cracked???
except for the 3M all of them are matched trades!!!!!!!!!!!!!!!
When????????????????????????????//
makes sense...aligned with Alrosa's new business model...locating cutting/polishing close to Retailers...and now they have exporting of Roughs...so they can offer an integrated service to Retailers!!!
good DD TGTL, but at this point the difference maker is a solid PR!!!
keep shorting until the PR comes out!!!!!
thanks eliot............
makes me think one of two things
1 - it ties in with gubbly's ascertations of deep, long imbedded improprieties.
2 - it was not of the co but to another.
obviously,,, its hard to say
You answered my question!!
drug, Wells Notice, sent out to an individual or Company...which one are you referring to in GBDX's case??