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.
yup, they seem to be migrating to other 'opportunities'!!!
so u can sell from one account and buy from the other!!!
17 more trading days for mid (15th) September which is a Saturday. I suspect we'll see some action this friday!!!
the gates are open!!1!
WOW..a merger would be great...probably Sib Almaz is the M&A subsidiary of Alrosa!!! Only a billion dollar company would raise the A/S to 1.5 billion!
LOL! there's always one left!!!
looks like there are more buys to come!!!
IMO...Sib Almaz is a M&A subsidary of a holding company. The very fact that the diamond inventory was put up on the website shows that it has continuing operations!!! Also in my opinion GBDX will remain GBDX albeit private as GBDX holds the license to export diamonds and I doubt that GBDX can assign it to some other entity without the federation's O.K. and even if the federation O.K's it the new entity, I assume would need to apply for the license and this would mean inordinate delays as securing the license is a bureaucratic process...my 2cents.
ya, Taki, 1.5 Billion cannot be the O/S...no company ever fills up the A/S without increasing the A/S and so the reasonable O/S would be 1 billion. IMO
30 cents!!!
so why linger here??? might as well take your interests to another stock board!!! I think that makes sense!!!
FWIW..these words no longer appear in their most current PRs...
"..... and there are still no guarantees a transaction will be finalized....."
what matters really (for tax puposes) is the payout date and I think the most practical one will be in october.
DONE!!! I suspect that it will be a closed joint stock company and hence the PPS will not collapse. You see, they had to increase the A/S to 1.5 billion as I think they had to issue shares to certain suppliers of rough and cutters in Russia and Europe so that they could secure the contracts. Possibly Alrosa, Diamond Certificate, et al are all involved. We may hear of these contracts and players via PRs before a final PR stating that intend to take it private. just my hunch or u could say an educated guess!!!!!
"..the transaction is anticapted to be completed by mid September..." which essentially means the merger/acquisition is anticpated to be completed by mid September...hmmmmmmmmmm, may be mid September will be the day when they stop trading!!!!!!!! pay out will be in Oct. Imo
11 months passed just like that...2 more weeks will just fly and we will be in September...... then comes the tidal wave!!!!!
Russian Diamond Syndicate......the Russians are here!!!
"Russia is the world's second-largest diamond producer, but Soviet-era restrictions and the De Beers cartel have crimped Russian profits from the gems. Now South Africa-based De Beers is relaxing its grip on the world's diamonds, and Russia is angling to make a name for itself in the lucrative, secretive industry. "It's time for Russia to step out in this business," said Natalya Marakina, a member of the exclusive Russian Diamond Chamber, a club for diamond producers. "We are ready."
Russia has an advantage these days, as fears mushroom about gem sales financing the wars in Sierra Leone, Angola and Congo "The Russians are an important source of non-bloodied stones," said John Meyer, an industry analyst with Societe Generale in London. "The diamond industry in Russia has had a pretty low profile ... and this could be a pretty good marketing tool for them."
More exports would bring increased government revenues - the state owns a majority stake of Alrosa - and good news for an economy still hung over from a decade of decline. Most Russian diamonds come from Sakha, formerly known as Yakutia, a province five times the size of Texas that straddles the Arctic Circle. Soviet authorities coaxed workers to the ever-frozen wilderness with bloated salaries and generous benefits. Alrosa has trimmed the work force, but production costs remain high - about five times as much as De Beers spends extracting stones from its South African deposits. Once they leave Yakutia, diamonds are guarded by a series of private militias. Addresses of the Moscow vaults are a prized secret.
Russia produces about 20 percent of the world's rough diamonds and has vast untapped reserves. Russia's diamond monopoly Alrosa would develop new mines and reach more markets.
"After 40 years in the diamond business, Russia has grown out of children's shorts and understands how to sell diamonds so as not to harm the market or our own interests," said Valery Rudakov, chief of Russia's precious gem reserves."
http://www.russiandiamondssyndicate.com/RDSRussian.asp
eliot, that was poetic!
"....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..."
April 4, 2007 - 6:00 AM EST
GBDX 0.0055 0.00
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 - 6:00 AM EST)
"We stress patience since this will take some time as the suitor is working out a way to take Global off the public markets and into the private sector."
April 25, 2007 - 6:00 AM EST
close Email this News Article
Your Name
Your Email
Friend's Name
Friend's Email
Receive Copy: yes
GBDX 0.0055 0.00
Today 5d 1m 3m 1y 5y 10y
Global Diamond Exchange Completes Sale of Third Shipment; Talks Progressing With Suitor for Buyout/Merger
NEW YORK, April 25 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX) is pleased to announce that while it is in continued negotiations and working out the mechanics for the potential buyout/merger, it is still conducting its normal course of business. The company has just completed the sale of its third shipment with a total value that is in excess of $3 million in wholesale revenue.
Global has also posted an inventory of available stones on its website -- http://www.globaldiamondex.com/inventory.php. The site currently lists over $5 million in inventory and is available only to qualified wholesale buyers. If you are a qualified wholesale buyer, please call 212-221-0910, leave a message and a sales representative will call you back.
With regards to the buyout/merger -- things are proceeding as planned. Attorneys are currently working out the final details, which will include record and pay dates. Furthermore, a mechanism is being set up for tendering shares if and when this transaction is completed. We stress patience since this will take some time as the suitor is working out a way to take Global off the public markets and into the private sector. This is not an overnight process. Once additional information is given to us by the attorneys we will make it public and continue to keep you informed.
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
eliot, ur calendar time is about right (regarding the announcement). however, I think they'll will give 2 or 4 weeks for the cut off date...it is normally 30 days! these guys could play it different....I don't know!!
they need a filler to complete the PR page....I say look out for 15th Oct!!!
for sure, SEC is short on people and enforcing such a rule on pinkies is going to take quite a lot of resources...unless of course they can automate the enforcement via DTC....I do believe DTC can monitor via software...
And I do hope we are not around then...OCT 15!!!!!!
So do we wait till Oct 15!??? In pinky land when A/S increases, short position increases as well!!!
LOL! that's nice a laugh!!
folks, the change is a mere .0005!!!!!!!!!!!
Is there any transparency in the diamond industry???
negger, they raised the A/S. Nobody knows if they raised the O/S!!! they could have issued the additional and put them into treasury!!!
which means EOD green!! we shall see.
TAKI, you got it right, bashers come when it is in the lows and pumpers come when it moving up. And of course there are those that unload while pumping and load while bashing! Or is it one and the same!!! GBDX truly is a special situation!!!
Is Willy buying or selling???????????????????
something ain't right about your posts!! come on tell us your agenda!!!
Start Monday with a Bang!!
and besides he was going to meet the GBDX reps and never mentioned anything about this type of modus operandi!!!!
FYI...the Rockerfeller Center is a shared office space aand they use it only for meetings. As a matter of fact I have spoken to Alex Livak when he was having a meeting at the Rockefeller Center.
And mikie was big on GBDX (earlier), why?? I thought he had news from the same connections??!!!
but if it does, you and your gang will buy up the float, right???
Next Week is always there!!
I don't know about covering but the trading pattern looks like someone is preparing for something!!!
At the end of the buy out Sib will be a single stock holder of GBDX!! No need to retire shares.
Now, this is a real movie and entertaining!!! LOL!