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You don't know how to trade then if your losing money on this stock.
Over the last 2 months, were several times to use short term momo and chart TA to make $, as MA continued its move up. Originally just prior to the merger with holding WWCD shares.
Then 2 more times with GBDX shares as pps continued uptrends. Yes, during which time, the pps always traced back to the short term MA which it has. Two ways to play pinks/otc's. Play a % of your portfolio in 1-5 day momo and for confirmed longer term upside trends during the short term pullbacks. And now, with pending office opening and revenue estimates, and PR that co. has increased demand, and chart techs showing strong upturn beginning, you start bashing?
I usually do not take the trivial time to respond to such a obvious basher. If you were a legit shareholder, and were down some, you would be positive with the last 2 days of pps upturn and stronger chart techs. And to say, "I am as of right now losing money on this stock". Cmon. PPS last 2 days has gone up over 20%.
Not one "real" owner of shares of any stock would bash it while owning it. Constructive criticism or viewpoint is one thing, but "its just another scam", "Don't have a problem until this dilution occured". What dilution, minor 30M shares of total of only 350M? "Newbies should be aware". Get Real. Your alias was created just recently, and over last 10 days have not seen one post from you on this stock. Until right now at time pps is ready to explode.
I will expect some weak response from you; however the good thing is been in Maui for last 4 days; so whatever.
Oh good luck to you.
Best Regards
Not a buy or sell recommendation. My opinion only.
The profit quotient of GBDX is based on the "reopening" of
this company. All the what if posts about GBDX made $300M, or $500M last year IMHO is invalid, and not verified.
If GBDX was making that much money, there would be no need for a merger with former mgmt. of WWCD.
To invest in this stock, I look at real profit going forward starting with the first shipment of diamonds this week, and the size of share count, period. IMHO, there is no other confirmed #s that are acceptable.
Again, Recently, there began a huge increase in demand for top quality stones and KEY-the new change in russian law of larger % of rough cut diamonds allowed to be exported. With that, the former mgmt. of WWCD saw an oppty for its next merger in GBDX. Because, with GBDX-1.)the solid reputation and 17+ years of doing business in the NY diamond district GBDX has and existing contacts, clients to capitalize on.
2.)The existing strong contracts GBDX still has with top russian cutter and exporters. (taking advantage of new russian law)
3.)GBDX wasn't a large company and was ripe to merge with to gain entry into russia with the new change in russian law. GBDX had the connections, former mgmt. of WWCD had cash to grow the business. With such a small share count compared to potential revenue, makes business sense to not use a cash outlay or debt for additional funds. If the minor increase of share count is used to increase assets (more diamonds), then $ being used right.
IMHO, with that, yes, and increase in share count will be used to obtain capital to expand inventory with increased demand.
Forget all the hype about past revenues. Focus on the current super small float and anticipated large revenue comparitive. This drives pps.
Best Regards
My opinion only. Not a buy or sell recommendation.
Minor increase in share count restricted and to be
used for additional purchase of inventory needed after:
1.)Increase of requested stones < 1ct. from clients which increased the size of required inventory needed.
2.)With entire 1st shipment basically all presold now, GBDX needs to acquire even more product to continue to cover the increased demand.
Float is still so small and real revenue nearterm is in millions.
Chart techs are so ripe for a large upturn. Over the last months after merger, continued increase in short term moving averages (higher highs, higher lows). PPS will be .10+ short term, count on it!
Word is out in NY diamond district that GBDX is providing top quality stones with preferred cost basis. Again, IMHO, this is why former mgmt. of WWCD merged with GBDX in the first place. The strong existing contracts GBDX has with top cutters and exporters in russia; combined with the new change in the russian law allowing larger % of rough cut diamond quota to be exported creates catalyst for huge revenue potential. And, such a small float!
Best Regards
Not a buy or sell recommendation. My opinion only
GBDX-only 75M float. Real, large revenue nearterm pending. Initial inventory of diamonds presold per co.
Chart/TA shows base @50DMA and with NY office open this week and hopefully revenue estimates PR'd, could be fun.
Talk is Alrosa connected.
Best Regards
Not a buy or sell recommendtion. My opinion only.
Great! My point was that GBDX has strength alone w/small float, presold inventory and strong russian contracts in place (thereby real revenue) to initiate a large upside in pps. That is all I was trying to say.
Best to you.
Not a buy or sell recommendation. My opinion only.
Good Morning. Alrosa tie would be great. However,
enough talk/hype that this is "the" catalyst for GBDX pps to increase huge nearterm. Key on facts.
Yes, GBDX to partner with Alrosa as a the distributor into the US market and other worldwide markets would be great. Revenue potential is huge.
PPS would be out of sight if this happens; and with Alrosa PR's stating a NY source for distribution is promising. GBDX could be this co.
However, the pps upside on GBDX will occur with or without a Alrosa connection. Again, only 75M float with potential revenue per month in the millions nearterm. A big point IMHO of recent PR was that not only does GBDX have orders increased to include smaller stones < than 1ct.; but all inventory is basically presold to retail clients. Immediate revenue from 1st shipment, and indication of demand for GBDX product.
Regardless of a Alrosa partnership, IMHO, the strength of the existing contracts that GBDX has with russian cutters and exporters will provide the quality stones at less than premium cost to create large net profit margins nearterm. Again, its all perspective. With only a 75M float; if net revenue is as large as anticipated, pps upside based on FA doesn't need a Alrosa to propel it to .10++.
Plus, chart techs show a potential base @ .02+ and traders looking for pending PR of office open and revenue estimates.
As always, flippers will play the daily indicators; IMHO these indicators signal a buy oppty in the making. Last 30+ trades friday were at .022 and fairly strong.
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning. Focus on facts: Only 75M float w/potential
revenue nearterm of millions per month thru holiday season.
As traders, let's focus on what will drive pps shortterm. Discussions of why previous moderator was in IHUB jail and other bs does not have any bearing on where GBDX is at and what pps will do. Ronnie D IMHO was a stable, accurate moderator and bs bashers will test anyone's level head.
Bottomline is again, super small float and nearterm revenue potential in millions. Also, most important points are that GBDX has 17+ years of successful operation in the diamond business in NY. And has existing contracts with prominent russian diamond cutters and exporters to expand upon during the current upturn in quality diamond demand. IMHO, small float stocks with substantial revenue create large sustained upside pps increases. With such low float and real revenue, big traders come in, creating a continued uptrend. Plus, in reviewing estimated shares owned by larger traders on IHUB, 20+ million shares are owned by us. IMHO, with trading volume over the last 30 days, would appear theres a large short position that will need to cover with such a small float as pps rises.
Chart shows pps basing at or above 50D ma and last 20+ trades on L2 friday show strong base @ .022. As posters, myself included, we can talk all day about what ifs, but IMHO, facts don't lie, and the former mgmt. of WWCD did not merge with GBDX to sit idle. With WWCD, mgmt. who merged with them increased their production and then sold WWCD, making over $2M in cash to put into next shell play, which is GBDX!
Best Regards, not a buy or sell recommendation. My opinion only.
Good Morning. I guess we all have opinions to what
a stock will do. Your response back however is somewhat flawed.
1.)There are not hundreds of Diamond dealers in NY with the existing strong contracts in place with prominent russian cutters and exporters that GBDX has. GBDX is only being used as a conduit for its contacts; and the new change in the russian law. Wholesale diamond sales in NY are all based on cost and quality of product, period. The more direct contact a wholesaler has with the product directly, the more margin upside available. Regardless of supply thru Israel, etc. a direct connection to russian diamonds (the best quality), the better.
2.)To say "one would expect The store to just open and additional orders come in when they come in" is incorrect. GBDX is a wholesaler and with a new opening of a wholesale office, smart business sense says do not open until you can deliver, period. If the demand is that great, to open and not be able to deliver would send a negative message to other buyers, creating a feeling of nonperformance. Also, to say "Big deal, Diamonds are small so shipment is really no big deal". Wow!
Timing of the opening to delivery capability is what continues demand and success. This is not a "store", but a wholesale enterprise.
3.)To say, "Expect a lot of this from Russian stocks in the pinks>/That's why the stock is floundering". Seriously, first, not a russian stock and any long term penny trader knows the pps action from .016 to .032 and now back to .022+- is based on chart technical analysis and indicators. Short term momo pushed pps to the top of the upper boli band, full stochastic hit 80 and the 3-4 day sell rule with flippers taking 80%+- gain took effect. Monday morning a small sell off created a bail out; back to 50D MA. PPS now basing at 50D MA. The key to focus on as a penny trader is the super small total float/O/S amount and revenue comparitive. This creates the big sustained increases in pps, and attracts big block traders. Sure, take profits along the way; as we all do, but keep strong position and add more on short term sell offs.
My going into this play is based on such a small float 75M with a real pending large revenue comparitive. Shell/merger/reverse merger plays can be explosive.
Lastly, for you at the end of your response to then promote another stock your already in; cmon.
Best of luck to you. Not a buy or sell recommendation. My opinion only.
Net profit in diamond sales is typically 600%+
Have sold wholesale and retail diamonds from 1/2 ct. to over 18 cts for over 18 years. All types-Typical round brilliant, emerald cut, colored diamonds which are the rage now with celebrities in blue, green, canary yellow, etc. Last sale was a 12.8 carat canary yellow VVS1/G color stone for $58,944. Cost was $6,234. NET!!!!
The diamond market has a huge profit margin built in because it is a luxury item period. Not one diamond dealer wholesale or retail would make only $1000 on a $50000 cost. Incorrect analysis IMHO.
Again, again, again, former mgmt who merged with WWCD sold off this co. for a $2+M profit and is now using its next shell play in GBDX to exploit the new change in the russian law that increases the % of rough cut diamonds that are exported. GBDX has not only a 17year solid reputation in the NY diamond wholesale district, but more importantly, has in place strong contracts with russian cutters and exporters of rough cut and polished stones. With the new huge demand in quality diamonds (silver bear), GBDX was the right play to merge with and reap the large revenue potential now in place.
The latest PR stating the 2-3 day delay in opening the NY office because of INCREASED DEMAND from clients for additional stones under 1ct. only expands the revenue potential.
Understand the pps movement short term based on chart techs that showed the flippers (most with 10-80K minor share count)
working the indicators and back again. With the opening of the NY office and revenue estimates PR'd next week will confirm undervalued pps. 75M float with such large potential revenue Nearterm (not years away) is huge.
Best Regards
Not a buy or sell recommendation. My opinion only.
The award for worst beginner paid basher is.....
Do not waste your time responding. Bashers get paid for responses back.
Known as a "pitchfork", this beginner basher is one of the worst I have seen.
Mistakes made in his posts:
1.)"I only get 3 posts being a freebie, so will limit my posts. I'm only commenting on GBDX because thats all I care about since I don't own any other pennies. I'm poor, got no money, gotta choose just one penny to scout". First, Ihub allows more than only 3 posts for freebies. Plus, to try and justify why you have just started posting and ONLY on this board signals paid basher to those who know. Why chose GBDX to buy when so many other potential penny stocks were flying much higher?
2.) "I haven't shorted GBDX at anytime, contrary to many baseless accusations".
Problem is noone has accused him of doing this.
3.) I've got 15K shares remaining...... and starts bashing the stock prior to getting out in full with his position?
Either the most inexperienced paid basher; or if just a "grad student", God help us if this level of compentency is allowed to be a grad student. His last comment shows level of maturity and intelligence.
FACTS: Mgmt. of former WWCD have successfully completed several shell mergers with substantial revenue each time. Latest was the merger with WWCD, which produced $2.3M profit (cash) by selling WWCD, prior to going after GBDX. The existing contracts GBDX has with Russian cutters and exporters and the new change in the Russian law for increased export % of rough cut diamonds is why former mgmt. of WWCD chose GBDX as next merger candidate. Also, GBDX has a solid 17+ year reputation in the NY diamond district, with strong contacts.
Former mgmt. of WWCD went after GBDX for a reason. PPS has come down from earlier high of .032 because of flippers, who base trading decisions strictly on chart/tech analysis which showed pps hitting top of upper boli band and full stochastic at 80, showing overbought shortterm. Also, the 3 day up and sell rule. Majority of trades during this run up were minor at 10-50K share increments. Those who have millions of shares (2.3M myself) know better. Revenue estimates out near term will be so strong; creating a justified .10-.25 pps with only a 75m float.
Best Regards
Not a buy or sell recommendation. My opinion only.
Got it. Thanks!!!!
Misunderstood your post.
Usually not too focused on website capability and thought you meant pps. More interested in #s; chart/tech analysis, and potential large upside in pps which I believe ADNL has. Again, thank you.
Don't know what to make of the website being down this morning? With so many subpennys, company website usage and upgraded quality/capability seems marginal at best.
As stated before, IMHO, ADNL hired Greenberg Assoc. earlier this year to go after a large carrier deal; which Greenberg has done very successfully in the past with several companies.
Good Morning, and best regards to you.
Of course. MM shorts looking to control pps rise and discourage any sort of upturn in pps.
Over the last week or so, have not seen this much posting re; ADNL on other strong boards and such strong larger block trades at .0004 as I did yesterday.
No one has bought this stock less than .0003 recently. So IMHO, I do not believe your comment on "down this morning" are smart traders who bought this over the last few days who hold larger positions. If you mean the bid is .0003?, not an issue IMHO. Obviously, no pink trades premarket.
Last I checked the ask was .0008.
Best Regards.
Not a buy or sell recommendation. My opinion only.
Of course. MM shorts looking to control pps rise and discourage any sort of upturn in pps.
Over the last week or so, have not seen this much posting re; ADNL on other strong boards and such strong larger block trades at .0004 as I did today.
No one has bought this stock less than .0003 recently. So IMHO, I do not believe your comment on "down this morning" are smart traders who bought this over the last few days who hold larger positions. If you mean the bid is .0003?, not an issue IMHO. Obviously, no pink trades premarket.
Last I checked the ask was .0008.
Best Regards.
Not a buy or sell recommendation. My opinion only.
Prior to Oct., wasn't short pos. already +100M shares.
If additional 59M for just october, wow.
Still holding my position with no loss and will continue to do so with anticipated upside to be large when it happens. Basing my decision on the strong affiliation ADNL has completed over the past 9 months with top entertainment law firm Greenberg/Traurig,(connections to top CMA winners and Grammy award winners, + this law firm has handled some large merger deals with top cable carriers). Plus, if any substantial news comes out, shorts will have to scramble to cover.
Many larger block buys today @ .0004. Accumulation?
IMHO, the increase in A/S and total A/S count is still small comparative to other subpennys trading 5-10X higher in pps with little or no revenue to sustain them.
Best Regards
Not a buy or sell recommendation. My opinion only.
GBDX-Increased demand/only 75M float. No brainer.
Great PR-To have to delay an office opening for 2-3 days because of increased demand from retailers is a problem all business' which they had. GBDX being a wholesaler of diamonds, increased demand from retailers signals even a stronger consumer demand than originally expected.
The strong contracts that GBDX has with russian cutters and exporters; combined with the new change in the russian law for a larger % of rough cut diamond exporting, wow.
Short term sell off today from flippers. IMHO, larger share holders retaining and adding at these levels. When revenue estimates in millions monthly are announced shortly, lookout!
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning. 2.3M sh. Same ol' bs. Smaller traders use
the 3 day in/out rule as well as sell on news/pr rule. Illadvised with this stock though. So typical. As soon as the pps this morning started a slight downturn by flippers selling off for their big 80% gain -(35+%)short term tax rate; all other sheep followed. The majority of buy orders the last few days were at
+- 5K,10K,20K share amounts. IMHO, the larger holders kept their position and know what the real upside is for the pps of this stock.
As I have stated prior, no problem with a quick flip on a stock with little or no real revenue potential and just pumped with quick momo. But, with GBDX, the size of the revenue near term is so large comparative to PPS/float size currently. The PR out yesterday was huge in that the only reason for a 2-3 day delay of office opening was an INCREASED demand for smaller diamonds (under 1 CT.). Based on this increased demand from clients, the INCREASE in inventory requirement. This = even much larger revenue than originally anticipated.
GBDX is a wholesaler of diamonds. Increased demand from retailers is significant to projected consumer demand nearterm.
Again, IMHO, shell play with the mgmt. of WWCD merging with GBDX to exploit the new change in the russian law allowing a larger % of exported rough cut diamonds. GBDX has existing strong contracts with top cutters and exporters in Russia to feed this increased demand; and a 17 year base of a successful diamond wholesale business in New York to expand upon.
Enough said. Adding more at these low pps levels. After revenue projections are released, too late.
Best Regards
Not a buy or sell recommendation. My opinion only.
GBDX-Only 75M float. DIAMONDS!!!!!
Check chart. WOW!
Imagine this. Only 75M float with GBDX!
To subtle pump your ckys on this site is funny. Revenue potential for GBDX far outweighs ckys hype. WWCD merged with GBDX as a shell play to take advantage of the new russian law regarding increase of quota % of rough cut diamonds. Millions in revenue and IMHO a possible merger of GBDX with one of the russian cutters or export companies GBDX has contracts with.
Spam, spam spam ckys somewhere else.
Not a buy or sell recomendation. My opinion only.
Thanks. Still think upside from this bottom will happen. Strong close with fairly large size trades @ .0011.
GBDX is just starting! Hang on, what a ride to begin. Insider and smart money accum. all last week.
If revenues talked about occur, what sub penny stock has that much revenue near term?
Best of luck to you and
Best Regards
Not a buy or sell recommendation. My opinion only.
Oh, the song of the truly desperate. My point was
that some pink/otc stocks like a GBDX will have runs way past the bs 1 day flip of making 40-80%+- profit. Don't take it so personal. With short term capital gain tax amounts taking 35%+ chunk out of any quick gain received, it would be better for traders of pinks/otc stocks to focus on real revenue potential companies and reverse merger plays for substantial gains vs. daily bs flipping. My plays are always short term in duration, but not to just flip for a minor % profit. Get IT?
544% return this year. How about yourself?
Best Regards
Agree. GBDX to run hard. Only 75M float and company has
existing contracts with Russian cutters/exporters in place.
The new change in russian law to allow a larger % of rough cut diamonds to be exported is huge for GBDX.
Large revenue and low float = Large upturn in pps. Chart techs look great as well!
Best Regards
Not a buy or sell recommendation. My opinion only.
W/only 75M share float, your canoe will be just fine!
So many bs flippers in pinks/otc stocks do not realize the potential of this stock and pps. Such a low float and a company that has existing contracts with russian cutters and exporters. I have said it many times, but, the new change in the russian law that allows a larger % of rough cut diamonds to be exported is huge for GBDX.
Combining the potential revenue immediately starting with the first shipment of diamonds sched. for 11/3+- and such a low float equals real pps upside.
Best Regards
Not a buy or sell recommendation. My opinion only.
GBDX. Only 75M float. Pending NY office open 11/1; with first shipment of diamonds +-11/3.
More importantly, GBDX has existing contracts in place with Russian cutters and exporters. The new change with the Russian law regarding export quota % of rough cut diamonds is a huge plus for GBDX.
Chart techs look great.
Best Regards. Not a buy or sell recommendation. My opinion only.
GBDX "is" the hot play of the week. Only 75M float.
With recent change in Russian law regarding export quota % of rough cut diamonds is big for GBDX. Plus, GBDX has already in place existing contracts with Russian exporters and cutters.
NY office set to open 11/1+-, with first shipment of diamonds 11/3+-.
Chart techs look great.
Best Regards
Not a buy or sell recommendation. My opinion only.
Agree. GBDX ready! Only 75M share float and PR pending on NY office opening 11/1; with first shipment of diamonds due 11/3.
GBDX has existing contracts in place with Russian cutters and exporters. The recent change in the Russian law on export quota % of rough cut diamonds is huge for GBDX.
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning. GBDX ready to go!
Chart techs look great. PPS ready to cross SAR upward. Strong DMI+ and OBV.
PR pending on NY office opening with first diamond shipment by 11/3. Hoping for revenue estimates going forward as well.
With new change in Russian law regarding export quota % of rough cut diamonds, GBDX in position to reap benefits. GBDX has existing contracts with Russian exporters and cutters in place.
Only 75M share float.
Best Regards
Not a buy or sell recommendation. My opinion only.
Good Morning. I sell all or part of a stock play depending on specific criteria. Try to focus on pinks/otc stocks that have real revenue exisitng or forward. With that, short term chart/technical indicators give direction for entry/exit strategy.
With GBDX, only sold a minor amount on last run when WWCD merged with GBDX; my play was .0062 to .035. However, I have kept the majority +-2.3M sh count because of the large revenue potential IMHO this stock has.
IMHO keys :
*Extremely low share count-75 million
*New change in russian law regarding export quota % of rough cut diamonds creates much larger revenue potential now.
*GBDX had existing contracts with russian cutters and exporters in place that could be expanded now that new law was enacted.(WWCD merged w/GBDX to exploit this IMHO)
*Perfect timing in now explosive diamond market for large gains.
Mgmt. who orig. merged with WWCD netted over $2M in cash for the sale of WWCD. Taking this profit and using GBDX as a conduit in their next successful venture. IMHO, so smart to seek out GBDX, a 17 year old company with exisitng presence in the NY diamond district, and more importantly, existing contracts and relationships with russian companies. GBDX just didn't have the strength or $ position. Possible merger of a russian cutter or exporter in the works?
Would create even larger profit margins for GBDX.
Also, key technical indicator for me is SAR-pps cross of this is huge. Currently SAR @ .025, pps setting up to blow above this and continue up. May have very short term base with bs little profit takers around .036. After that, .10+ IMHO is next.
Best Regards, Not a buy or sell recommendation. My opinion only.
Good Morning. Thanks for reply.
My understanding of your #s was 2B A/S after F/S with net shares traded of 2.4B; with a total volume of 4.8B shares since F/S. Thus the overage of short position of 400M. Yes, I do have a solid understanding of the market, thank you. I was in error with my analysis of your #s. I should have done a proper DD, as I usually do prior to responding to your post. To quick to react.
So, #s are as follows : prior to F/S, O/S count-140M after F/S shares=1.4B share count; 2B authorized. 8/31/06.
Since F/S 2.4+B share volume which = 1.2+B shares traded of 1.4B O/S count. Per your email received from CEO, current O/S count is 90% of 2B authorized, or 1.8B share count; and increase of 400M shares since F/S? Hope this is accurate.
For a company to order a NOBO list to just pump extremely short term upside in pps and not have a valid short position seems illadvised to me. Anyway, we'll see if co. releases the NOBO list. Hope for the best. Still in and thinking good thoughts.
The info Mike (CEO) did email to you of the 1000 to 1 conversion of Class B to common is interesting. The PR never stated any amount of conversion rate. Is this info posted somewhere for public viewing? Just wondering why "Mike" did not publically release this, or am I missing something?
Best Regards to you, and yes GO GBDX!!!!
Have a great Sunday!
Not a buy or sell recommendation. My opinion only.
Good Morning. Still much in @2.3M sh. If Revenue est. come in
as expected, look for +$1M per month minimum revenue potential nearterm.
WWCD merged with GBDX to take advantage of the new change in the Russian law of increased quota % of rough cut diamonds.
GBDX had already in place contracts with established strong Russian cutters and exporters; GBDX is the conduit to create a large revenue stream now that the new law is in place; and that's why WWCD merged with them in the first place.
Plus, GBDX has been in business for 17+ years and established in the New York diamond district. The just did not have the strength (ie $) to grow as large as they could w/ merger of WWCD. The $2.3M profit WWCD made on the sale of their last company is funding the expansion and growth potential now of GBDX.
The TA is even russian.
Some of the stronger posters have called it right. .10+pps
Chart and technicals are great. Big hitters coming in to ramp this up. And to me, a company with only 75million shares and such a strong revenue stream potential is huge.
Best Regards
Not a buy or sell recommendation. My opinion only.
Alrosa, and 3 other smaller but strong russian diamond companies are in play and IMHO, GBDX is looking to merge with one of them or at least
Good Morning. IMHO you need to read your own prior posts.
First, you state that pps will go to .01 easily per the chart. But at the time you purchased, the chart showed the end of a quick profit 3 day run from momo. At .0023, the technicals showed a top as seen monday morning when smart traders started bailing out after a quick 100% gain. You stated that MM's don't want pps to go above .0023+. It wasn't the MM's, it was retail traders working the system.
After you bought at the top of a quick profit run, you start posting that the MM's do not want pps to go below .001. Now, you are saying it looks like MM's are trying to drive pps down to .0008 and below?
FACTS:
1.) A NOBO list is not ordered unless there is a large discrepancy between the real share count total and the short/naked short position overage.
2.) As I have stated to you prior, the pps ran to .0022+- and then came down based on retail traders following the norm of pinks/otc stocks. Which is, utilize momo and short term chart technicals which showed at .0022 the 3 day run was over and monday the selling began by the smart traders which then created the downturn to where pps is now.
If you use your #s, there is over 400M shares shorted which do not include the naked short position, which IMHO is where the real excess abuse is. After the F/S, 2B shares were authorized. After the F/S per your #s 2.4B shares have been traded.
QBIT did not order the NOBO list and create a preferred share offering for no reason. IMHO, they are hoping to convert common shares to preferred and release NOBO list in tandem. A buyback of common shares would have been better, but possibly co. was not in position to do so. The authorized share count after the F/S is 2B. If 2.4B have been traded since then per your #s, 400M+ shares are shorted. A NOBO list clarifies exactly the real #s and why Co. has ordered it. Many times, the naked short position is not known in full until shown by the actual #s.
Restricted shares released as non restricted must meet SEC criteria depending on % owned. A larger ownership than 5% must hold restricted shares for up to 12 months prior to selling. Did Mike specifically tell you what % of add. common shares converted were orig. restricted?
The minor additional amount of common shares is normal while a pps is upturning. It gives the company cash and still keeps total O/S below total A/S count. A company to release a preferred share offering does not do so if its just diluting needlessly.
The MM shorts are playing with weak hands to keep the pps down. This has been verified by myself and other larger shareholders who have offered shares at below ask prices to test. Most recent was Friday morning when I personally offerred shares at .001 when ask was at .0011. The buy orders I received were at 10K and 5K share amounts, which is only $10 and $5. Complete MM bullshit to try and keep pps down to accumulate shares prior to NOBO release.
400M shares short + naked shorts + additional is over 20% of the total A/S count. This alone will drive pps IF shareholders can hold strong and force shorts to pay more and more.
You are very correct on one thing though and that is GBDX. With opening of office in NY and revenue estimates, plus strong Russian connections of cutters and exporters, the pps is going to run large. The new change in Russian law of quota % of rough cut diamonds is why WWCD merged with GBDX in the first place. Heck, even the TA is Russian. Best of luck to you!!!!
GLTY. Hope your Saturday is splendid. Beautiful early morning in California. Time for a run.
Best Regards
Not a buy or sell recommendation. My opinion only.
Hope you didn't sell prior to NOBO list release.
If you haven't sold, you have not lost anything yet!
The reason the pps came down is the majority of traders at this pink/otc level are flippers, and will stay in for a short term gain and get out. (1-5 days). Most bought at .001 and the pump moved the pps up for 3 days to .0022, where you bought, thinking it still would go higher.
The chart and T/A showed that .0022+ was the top of the run and the pps was hitting the top of a basing upper boli band.
With most traders being sheep and follow the "supposed top posters", ran with the pps and then bailed on monday.
Typical for all pinks and otc stocks. However, the mistake is to panic and sell if bought too high for a loss and then miss the next upside potential pending because of the NOBO list coming out.
IMHO will show massive short/naked short positions. Also, the Class B shares IMHO were issued to generate 2 things. Allow for some additional $ for QBIT to pursue merger candidates and financing opptys. The CEO even stated "are offering Class B shares to EXPLOIT the available opportunities in the financial marketplace". Plus, I believe with offering a premium share, does not massively dilute the common share structure. Also, the common to Class B are convertible, which is also why I believe they are offering it. Could possibly convert some common holders to preferred, thus reducing the overall common share count while aggressively going after shorts.
The Meaty PR you seek will be the NOBO list confirmation of the massive short position.
GLTY
Best Regards, Not a buy or sell recommendation. This is my opinion only.
GBDX-chart looks ready for breakout. Close above 50d MA
Looking for news out on opening of office in New York and hopefully revenue estimates looking forward. Strong connection to Russian cutters and exporters for diamonds.
Best Regards
Not a buy or sell recommendation. Opinion only.
GBDX!!!!!!!
Reason why mgmt. of WWCD merged w/ GBDX.
Alrosa, and likely other Russian diamond export companies will be supplying inventory to GBDX. As I stated earlier,
mgmt. of WWCD merged with GBDX based on the new change in the Russian law which allows a larger % of rough cut diamonds/finsihed stones quota to be exported.
GBDX has already established contracts with prominent Russian cutters and exporters in place.
IMHO, a possible merger now between GBDX and a strong Russian exporter is in the works. Alrosa possibly, but with the new law, other strong but smaller Russian companies may be a better match with GBDX? Coincidence that a majority of personnel including the TA are Russian. I think not.
Regardless, mgmt. of WWCD merged with GBDX for a reason. IMHO, the contacts GBDX has with Russian companies, the new change in Russian law, and a 17 year profitable company in GBDX is why they chose GBDX to maximize revenue potential.
I expect a PR near term regarding the opening of the NY office and est. revenue. Adding at these levels.
Best Regards
Not a buy or sell recommendation. My opinion only.
Correction. Not dilution. Short term traders playing the
charts and technicals, and MM's shaking the weak out.
Congratulations on doubling your money. Many of us have as well, and are still holding millions of shares for the large pps run coming soon. Nothing wrong with playing the short term game for some gains.
Facts to you: WWCD, prior to buying GBDX for the purpose of substantial gains in the diamond market, made +$12M last year; profitable and successful. You are correct that the mgmt.(platform) has changed symbols several times over the last few years. For good reason. Each time, like with merger into WWCD, have done very well and then sold off and moved on to the next oppty. As is the case with GBDX.
To address your statement-The reason the people (traders) will gain interest in GBDX again is not the opening of the offices prior to 11/1; which is yes validation of the business enterprise. Moreso, strong large holders are holding with no loss, for the news of a merger or partnership with either Alrosa or another strong Russian co. to provide diamond inventory thru GBDX. The revenue potential is huge! I am holding 3.64M shares with no loss and will continue to add as weak hands are shaken out.
The new change in the Russian law increasing the % of rough cut diamond to finished stones quota is why WWCD merged into GBDX in the first place. GBDX not only has 17 years of profitable and successful business in the diamond industry, but had already established contracts with Russian cutters and exporters. So, as to your question, what do we realy have, watch and learn!
If you have been monitering the level II trades since the merger, the larger MM's have been accumulating and shaking out weak hands continuously. Something large about to happen.
Initial profits were made on the merger, and then again with pps going from .02 to .04. The larger play is soon to happen.
Best Regards. Not a buy or sell recommendation. My opinion only.
You have not failed. The problem is too many weak #@#%%
who bail out with their $300 investment and MM's work them so well.
Too many little traders in the pinks these days and provide too much oppty for MM's to work the pps down. Today was 1/2 the volume as yesterday, and so many weak trades were for chump change at $200, $500 etc., with MM's walking the pps down in intervals all day long. L2's showed this so well all day.
I do understand and utilize chart techs to decipher pps movement. However, too many sheep on pinks Penny who think if they do not get their 200% in 2 days then forget it. With low volume, the small time traders who bail will blow the technicals out,(only for NOW).
No problem though. I am in for 3M sh still with no loss and will use the weak shakeout as oppty, and continue to buy up all the little sheep's shares. The revenue potential of this merger with GBDX with the new change in the Russain law regarding exporting and GBDX's positioning with Russian cutters and exporters, Wow.
Your charting has always been specific and right on. GBDX stated the opening of offices prior to 11/1 and revenue estimates at that time. Your pps est. of .15 is not inaccurate.
Best Regards
Not a buy or sell recommendation. My opinion only.
Agree. Plus, also IMO GBDX looking to buy a co. that will
finish the cut stones locally if possible. It makes sense to utilize the new Russian law and export a larger % rough cut diamonds as possible, and finish polishing etc. locally with a co. you own. Larger profit margin retained IMHO!
Best Regards
Not a buy or sell recommendation. My opinion only.
Agree, but big plus is in the reason WWCD did merger.
Penny, agree with you totally that the chart technicals are showing a run up ready to begin again.
However, I am more excited about the reason WWCD merged with GBDX in the first place. Again, last year, WWCD did +$12M with its business enterprise. Now, IMHO, WWCD saw a huge oppty to merge with GBDX, a co. with a 17 year history of solid business in the diamond industry to make a huge profit. The reason why is in the recent PR which stated :
"WWCD merged with GBDX and will now take advantage of the *CHANGE in Russian law. GBDX has now exercised its option to import a larger % of rough cut diamonds based on the % of their polished export quota of stones from Russia. AND, GBDX has contracted with Russian cutters to cut and export diamonds to US. IMHO, WWCD merged with GBDX to utilize an established co. in this diamond industry with Russain connections and take advantage of the change in the Russian law. The markup on fine diamonds is huge, and for GBDX to already have contracts established with Russian cutters is awesome. Smart smart business IMHO. New law means a larger % of stones to be allowed exported, thus competing strongly against Debeers, etc.
Adding at all levels when possible. I agree with your earlier evaluations of .15+ short term.
Best Regards
Not a buy or sell recommendation. My opinion only.
Another example why WWCD merged w/GBDX!
Mgmt. of former WWCD has successfully merged into many business ventures, including last year of +$12M annual revenue.
IMHO, sought out GBDX to utilize huge oppty with Russian diamond export companies and GBDX's 17+ years of success and experience in the diamond industry was the perfect co. to do this with.
IMHO, now going after a merger with Alrosa or another substantial Russian diamond export company with major holdings. GBDX's recent acquisitions of equipment preferred by Alrosa and other Russian companies is IMHO another sign in setting up a big time partnership. Setting up for something big!
Good info Penny! Best Regards to you. Beautiful early morning in CA. Time for a good 7 mile run to clear the head for today's trades.
Not a buy or sell recommendation. My opinion only.
Good post. GBDX is positioning itself to merge with a
top Russian diamond exporter, the main purpose IMHO that WWCD went after GBDX in the first place. So obvious if you really look at the overall situation.
Coincidence that the T/A co. president and others associated with all of this are Russian? Think not.IMHO,
GBDX will become the conduit for a Russian based firm (yes, possibly Alrosa or a smaller strong Russian based diamond exporter to grow big in US and worldwide mkt., with a merger with GBDX). The monopoly Debeers has had for years is going down!
The increase in shares has been confirmed to be primarily restricted and is to be used (if needed) to fund growth (ie-merger). GBDX is debt free and wants to stay that way. Smart business. Why incur debt. WWCD prior to merging with GBDX and becoming GBDX was profitable and did $12+- million last year with its last business.
Saw a huge oppty with this merger with GBDX and is acting upon it.
Watching today's trading confirmed my impression of the huge amount of sheep in pink trading. Panic selling, MM's walking the pps down, allowing many bid takes. And now, the bashers come out who sold and want to get back in again cheaper.
Consolidation always occurs after runups, period. However, those with strength that do not have to pay their rent with every trade can withstand short term swings, knowing the true potential and pps of .15+ after revenue projections, possible add. merger of Russain based diamond exporter, and 11/1 office openings will provide.
Best Regards
Not a buy or sell recommendation. My opinion only.