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we don't know if anything was bought all we know is that controling interest changed.
that could be tweedle dee decided to let his brother tweedle dum sit by the laptop this week.
of course the company is not worth anything other than the shares people are paying .0009 for today.
All I was saying was that if you entertain the thought that someone in russia wants to move diamonds in the usa market and if they truly gave a hoot about GBDX, ALROSA would easily be able to set up a new business and tell GBDX to go blow since they don't need GBDX and never have.
sib almaz controls gbdx and is using the company shell to do nothing but sell shares.
To put the nail in the coffin, after the first 2 shipments, GBDX website promised late 2006 to publish a full disclosure of of an audit of their first shipments before any other diamonds would be sold. Also they promised at that time to disclose the share structure (they keep hiding share structure from shareholders, but they sold control to sib almaz and keep adding billions of shares every year as seen on nevada sos incorporation documents). This was posted on their website and in fortuneir Alex Livaks news releases who was the pr firm of GBDX until he abscounded and shut down his website in 2007. Anyhow, the disclosure never occured and people are still waiting on that-- that tells us they are not able or willing to disclose if any diamonds were sold to begin with. They also said before other diamonds were being shipped and sold the audit would occur. So the company must have shut down cause there never was an audit. The funny thing is they also are hiding the share strucg
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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.
______________________________________________
check out this link to another board-- it proves that gbdx had posted the info on their webpage promising since nov 2006 or earlier about any day now on their audit, disclosing share structure, and giving details of the biography of its board of directors. Please notice the date it stated- nov. 2006. This is virtually when the company started under the shell name GBDX- it was only reverse mergered from the WWCD shell shortly before they made that promise. That got people all revved up, but you have not seen any disclosure because that was only meant to be a bluff, baiting people. And some still are falling for it.
http://www.hotstockmarket.com/forums/showthread.php?t=44618
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Nov 14th, 2006, 07:34 PM #3
Spectre
Moderator
Rank: Stock Wizard
Join Date: Jun 2006
Location: Los Angeles
Posts: 10,874 Frequently Asked Questions
Can I visit the store at 2 W 46th?
This is not a retail location. It is a wholesale office in a secure building. The office is set up with a “man trap” entrance, for example if a courier delivery stones they have to be on the scheduled list downstairs. Next they are allowed access to the floor by security. They are buzzed into a cubicle where the door locks behind them. They are not allowed in the office. The delivery is slid through the window much like a bank transaction. After the delivery is inspected the courier gets to leave via the door he entered. They are never allowed inside. In the event a buyer is coming to look at stones the procedure is similar. They have to be a member of the guild or insurance does not allow them into the office. They have to have identification, passport, drivers license etc. They are buzzed in. All pockets are emptied, identity is verified and second door of the “trap” opens while first door remains locked. In the event the first door is open the second door cannot be opened. The nature of the business is very secure, the company follows the insurance company guidelines for showing, transporting, and housing the diamond inventory. This is the primary reason for having an administrative location. The company can meet people receive mail and normal business correspondence without the security procedures of the sales office.
Was the company in business 17 years ago?
Yes, actually at the same location only on the 12 floor. The “old” Global ceased domestic operations to concentrate its efforts on exporting cut diamonds from the Russia Federation and European locations. The company feel the economic conditions we right to reopen in New York.
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.
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.
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Last edited by Spectre : Nov 14th, 2006 at 07:45 PM.
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
shutting a company down means that all shares are worth zero. Are you seriously thinking pinksheet subpenny companies actually buy out the shareholders when they go belly up? Never happens
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
that is an old rumor that fell on its face after the 400% crash of June2008. by the way the same rumor was listed on teh GBDX webpage since 2006. Funny thing about it that it has not happened yet, and neither did the biographies of the board members. They will have a 3rd set of officers before you learn 1 fact about the current ones.
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.
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.
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
what tender? are you aware of any tender offer? it has not been publicized any where. in fact the company was taken over without any tender offer in sept 2007. (well really before that because the board was announced to be controlled by sib almaz in july 2007 or earlier but they didnt announce the takeover until sept 2007). all of the company shares are being used for sales. after they sell alot, they need more shares to make more money. and they need more shares to keep their 51% control of the company. plain and simple.
By the way, why is the share structure hidden, the audit is hidden, the company operations are halted? I guess I can see why GBDX folded in the 1980s- they don't have their act together.
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
what takes a smarter person: to sell stock worth zero at a price of .0009 to billions of trades, or
to sell a stock worth 200 times its value at .0009 a share and in order to do so completely halting the companies operations/ revenue / trading etc.
Personally, I don't think they are smart - they didn't invent the nonreporting pink sheet stock- they just stepped up to the plate and earned their share of the money to be had.
If the company is really run by alrosa who controls all of the diamond production in Russia (and is government controlled) then what would happen is as follows: 1.) immediately shut down GBDX completely and entirely. 2.) Begin a brand new company. Or better yet- Revoke the export license of GBDX and issue one to a company that they prefer to use instead.
There is something fishy about just letting the company not make a single red cent for all this time-- people have fell for this pinksheet "rumor" for a pretty long time.
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
I just realized how greedy the gbdx officers are. They didn't want to announce the takeover to milk shareholders a long time (thinking they were getting a tender) back in summer 2007, but by Nevada laws their incorporation papers were due at the end of July. They knew all along about the sib almaz being in control of the company, and were too cheap to pay for a second filing of their officers lists. Therefore they went ahead and told the public that the officers had changed 2 months before the "takeover" is announced. The only explanations I can figure are 1.) they were too cheap to pay a second filing fee to ammend the officers list after the takeover was made public (but they still wanted to get the shareholders to think they are about to get a tender- which they did not ever plan to do to take over the company.). So July they announce their sib almaz officers and in Sept 2007 they announce the takeover. or 2.) The sib almaz officers were there even earlier than that - probably some type of reverse merger insider arrangement- perfectly legal in nonreporting companies but very shady and unethical- but the time to announce the officers came up and they had to admit they were there at that time.
Those cheap backstabbers.
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
how to make a small fortune: invest in GBDX in 3 simple steps.
Step 1: start with large fortune.
Step 2: invest 90% in gbdx and hold 10% cash
Step 3: thats all.
so you think the company is worth this little pre-dilution? just maybe they are not able to dilute the latest share increase yet because it is too close to pushing the price off of the pinksheets entry level (.0000) and maybe they are being cautious about how fast they unload the shares. But not to worry because they always can do a reverse split to get back on the radar. Or a reverse merger like they always did in the past to get things on a new keel when people got tired of waiting for nonexistant earnings.
of course they announced it on the nevada business s.o.s. because the new shares devalue all the existing shares- which is regarless of who holds them- the company reserves or the public shareholder- in both events the total sharecount is divided by the company values. not only that, the company is free to flood out shares that it holds on to, then to follow that up by a reverse split, and then they can say people who hold less than a full share under the new structure own a piece of nothing and need to pay in more money or forfeit their share.
if the new shares are just sitting around that means that the price on the market is artificially high- when sib divies up the value among all the hidden shares then the existing shares could be worth 10 times less.
but didnt they increase the number of shares a whole bunch of hundreds of millions rather than decrease
of value? it used to be worth the value of rent check, air conditioning bill, phone bill, and webpage. Now its worth even less than that (has anyone got through on the phone number? has anyone been in the hot empty office? Has any more inventory been added to the website? Has any audits which were promised almost 2 years ago been begun? Has any explanation been disclosed of the bamboozle where sib bought controlling interest last summer leaving the shareholders holding the bag? This is a joke and its worth less than a ticket to a 3 card monte game.
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
it does not take a weatherman to know which way the wind blows. The price is sinking due to increased dilution constantly (7 times as much shares as when I tuned in early last year) therefore the inevitable .0000 price necessetates a reverse split or else the stock is no longer tradeable and can not show up on the sales screens anymore.
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
reverse split soon stay tuned
If they said their "intention" was to exit the market and then they fail to do so I don't think its illegal. im no lawyer though.
why should the sec stop them from diluting? I mean they admitted it on their nevada sos declarations so your question does not make sense. Diluting is legal. But what I want to know is this-- we all know they diluted the shares (from about 400 thousand up to just under 3 billion- so 7 times as many shares- aka 700% dilution ), so why are people gullible enough to want to keep buying it - especially when the generating of shares is flying in the face of the p.r. saying they are considering reducing shares! The sec doesnt handle that but maybe a good psychiatrist can help.
Restriction of selling on certain companies is not a good sign to me. I would think its a legal matter or the small size of the company being unreliable in some way. Red flag to me - not any kind of a sign to rush into something.
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
Pizzas help explain. Are you aware of any time in the history of the stock market where a stock was raised in number of shares relentlessly so a company could buy it a cheaper rate from its own stock holders? that is nonsense. they are selling the shares and people who are dreaming otherwise are very naiive. furthermore, even if they were issuing shares and holding them, that would immediately make all of the existing shares worth less money.
Think of it like a pizza you are cutting. If we split it with 4 of us we get big portions. If we split it with 28 people all the sudden our portion sucks. Same thing happens when you dilute a company from 375,000 shares to 2,850,000,000 shares.
That is regardless of the value of the company so this is a relentless dilution of the worth of each share. Normally a company issuing shares has a valuable basis for this like adding a new franchise or paying for a new campaign, but here the company is just making money with no disclosed use--very unethical-- they can be giving themself raises for being the c.e.o and take the money and run. why else no disclosure. you see the price plunge-- so many people losing money. no one listens to reason. is it greed? blind trust? being misled by someone who massages their egos?
flipping seems to work sometimes but there is more downs than ups so witout inside info its usually more of a risk of losing than winning.
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 sure loves making new shares to sell to the hal-pal-accumulator-club
in other words you learned wrong. its freefalling as per the drop from 2 cent high, only that one lasted almost a month. is this one going to bounce around a whole month or drop as fast as it it went up? ask yer prefesser that one.
in other words you learned wrong. its freefalling as per the drop from 2 cent high, only that one lasted almost a month. is this one going to bounce around a whole month or drop as fast as it it went up? ask yer prefesser that one.
if the TA said this revelation, i believe that it is fair game to harass her on a regular basis until said update comes.
thanks for your report- thats the most news since the last share increase. But what you were told is is what Livak and the gbdx website has been saying for 2 years- so I think you were just given the company line.
p.s. I think "d" is not ronnies name. his ronnied alias started right before wwcd became global diamond, I think d is for diamonds. Ronnie actually may be possessed because he had a psychic dream about the gbdx merger with wwcd.
http://investorshub.advfn.com/boards/board.asp?board_id=6511
http://investorshub.advfn.com/boards/read_msg.asp?message_id=12489559
http://investorshub.advfn.com/boards/read_msg.asp?message_id=17626616
If its the same person which it looks like, he calls himself ronniegd on Raging Bull message board- and ronnie gd stands for "Global Diamond".
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http://investorshub.advfn.com/boards/read_msg.asp?message_id=17627373
Posted by: RonnieD
In reply to: Redwing91 who wrote msg# 37 Date:3/6/2007 11:10:09 AM
Post #of 84
thats right Redwing. it happenned when it was WWCD well before anyone including myself ever heard of what would happen with the diamonds.
FHAL/CSHD/WWCD/GBDX worked out well.. about the ARFR dream, that one's the real laggard.
Since then I haven't had anything extremely clear, so I didn't post.. I only post ones that cannot be interpreted in any other way.. i wonder if my stock market dream muses went on vacation or something.
gold-leade-r recently had a good descriptive dream about GBDX,he posted it there. no target, however a target isn't necessary, just a clear message that can be acted upon.
I invite anyone to share their dreams here as long as they are serious about it. There are some interesting links in the box.
RRd is a 6 billion dollar (market cap) publishing company (listed on stock market rrd). They did 11 billion in sales 2007. Richard Robert Donnelley who started this biz in 1864 is no longer with us in body but in spirit I guess you decided he is going by the name of RonnieD these days. I doubt it but maybe he is possessed by his ghost- anything is possible.
Sources:
http://www.secinfo.com/d14D5a.u1F1b.htm
http://www.rrdonnelley.com/wwwRRD1/Services/Produce/SECEDGARFilings/SECEDGARFilings.asp
http://www.rrd.com/wwwRRD1/AboutUs/AboutUs.asp
http://en.wikipedia.org/wiki/RR_Donnelley
boo!
What they meant to say was they were reducing the "price" not the 'amount' of outstanding shares. They are welcoming more and more of america to join them in their outstanding enterprise by increasing the number of shares - which makes so many more people share a stake in the sucess of this brilliant company. They may have temporarily had the effect of reducing the price of the shares - I am sure it is a corporate strategy to woo more investores- Bravo and Kudos to Sib for this because the more investors that there are the less likely this company can fool people. Why everyone and his uncle will be on the lookout for any misdeed and there is no where sib could hide if he were to be discovered with such a large number of investors (theoretically a gentleman named william said on a website there can be as many as 2 billion share holders- because he and his friends are giving away single shares as gifts to their relatives and church members on special occasions). Peace and love to my brothers and their mothers in our global clan.
ITs amazing how little the company followed through on any of its promises- look at all the old song and dance that never came through----
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=17052
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.
According to the firm, "In the event an agreement between the two companies is reached, an appropriate announcement will be made and the necessary forms will be filed with the Securities and Exchange Commission. At that time, we will state: 1) The final transaction structure, and 2) The disclosure needed to fulfill management responsibilities ensuring all shareholders' rights and other obligations are met."
Shares in the company have experienced a tumultuous ride debuting at 7-cents per share in September 2006 and falling to less than 1-cent in December before bottoming out at 0.0015-cents in February 2007. On March 6, shares closed at 0.0095-cents on trading of almost 30 million shares. In December Global Diamond Exchange restructured corporate stock from 7 billion shares to 975 million shares and retired another 13 million shares January 30.
Global Diamond Exchange reported, "There are no guarantees at this time that a transaction will occur, just that the company has been approached for a potential takeover or merger. Management will communicate and update the shareholders through press releases when appropriate. Currently, only preliminary negotiations are in progress."
eye is interestink in what you tell abut, buts not so much about understanding it very much thanksyou.
those russians are smarter than the kanooks. sounds like they are avoiding the mistakes that got cmkx caught.
maybe not the same players but its the same game. they used all of the same ploys and all the same red flags are there.
can he do a hostile takeover from sib if he owns the majority of shares? or can sib just print up more shares to counter his power move?
you are quoting someone who used data from 2006 about outstanding shares in order to pose the premise of a short squeeze. He said it would happen all winter - new deadlines every month when it was sure to blow the price sky high- In fact there is an endless supply and resupply of shares so there is little chance of a short squeeze under these conditions. Shares went from 375,00,000 originally to an increase of about 2 billion more in not much more than a year. In the long run, the share price has generally dropped proportionately to the share increases.
We might see news soon if gbdx goes the way of similar companies went this week: "SEC accuses Vegas diamond company of fraud April 08, 2008" http://www.nationaljewelernetwork.com/njn/content_display/diamonds/e3i28d455f36df018f3b1bfb9c12401381a
This game is going to end soon because you can't stay above .0001 forever. Something will happen by the end of the year. Imo.
You are right I should have said the bid.
I am convinced that he (the guy I was responding to) was looking at the buy price and not the sell price based on his comments.
You need to look at the ask price when you are ready to sell, not the bid price.
I don't think it was a scam, because willy the wazzord buyed alots of it
What is to stop them from issuing 100 billion shares and keep it for Sib for his troubles? Why stop there? Maybe issue 100 trillion shares. Then they can own 99.9999% of the company. They can sell shares to high heaven and still own 99% of the company. Good move for sib. Bad move for shareholders who are getting robbed losing their share of the pie.
Meanwhile as the company adds more shares, they are subtracting the value directly from the currently held shares!
Can you offer any links that show any relevant info of sib almaz on your russian language sites?
The only things I found are the russian version of the USA news releases by GBDX. Thats not a good sign if the company is supposed to be from russia and there is more info here about sib almaz than in their home country! Way back when "sib almaz" was first announced the suitor, the rapaport diamond news (who publishes the charts that dealers use to set diamond prices in america and is the most used diamond trading and news authority in usa) reported that their news team in russia has never heard of Sib Almaz either. I trust that they checked the phone book, the internet, and what ever business listings that diamond trade operations go through. Did you find some info that Rapaport Diamond News has missed? Maybe you can write a freelance article for them - I bet they will pay you good for that information!
Thanks for posting the russian google. It has confirmed all of my suspicions about GBDX.
caveat emptor
Fire sale prices? Are you aware today was an all time low? Have you watched the charts at all after each and every single one of the previous rallies? What would make you think this particular rally is different? Willy was saying those same things at the previous rallies that fizzled.
sib just unloaded another 200 million authorized shares thats whose selling. see the nevada sos .