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My email to Alex, just sent:
Dear Alex,
I am a shareholder in GBDX and have been following the PR's about the company's plans to expand sales through a new office in New York City. The address of 2 West 46th
Street, Room 704 was advertised as the location of the new office, and it was supposed to have opened last week. When I visited the building yesterday, the receptionist/security guard said Global Diamond Exchange had no office in the building. Furthermore, the name of the company did
not appear on the building register, and when I visited room 704, there was no indication that Global Diamond Exchange was a tenant. Their name was not on the door and the other
businesses present in that office informed me that Global Diamond Exchange had no current lease to share the space with them.
I saw on IHub that you now plan to open the office on Monday, Novenber 13th, and that you will allow only diamond wholesalers to enter the premises. Shareholders like myself would like to know why there is no visible evidence that GBDX has rented office space at 2 West 46th Street. If I do not hear back from you, I will be contacting the building manager Charles Greenthal on Monday to confirm what I saw yesterday.
Best regards,
xxxxxxxxx
Rver -- I should have said "we" instead of "you". Whoever is
exchanging emails with Alex should just come out and challenge the existence of a GBDX office in room 704 at
2 West 46th Street. It just doesn't exist.
From post #15701 -- Unless you're a WHOLESALER, they will make it very difficult for you to enter the premises of the new office. From post #15688 -- Others will be diverted to the management office at 1230 Ave. of the Americas, which we alrady know exists.
Since you are already communicating with Alex by email, why not just come out and challenge him that there is no GBDX office at that location. Why wait for next week? Honesty trumps duplicity.
Cabel -- Sorry I could not answer sooner. The name of the management agent that appeared on the register at 2 West 46th Street was Charles Greenthal, and their office in the building is in room 506. It appears that this company manages a number of buildings in NYC. None of their offices are open today, but anyone who wants to can contact them on Monday to inquire about GBDX and Room 704.
As far as security is concerned, I was asked to show my driver's license and the guard let me thru the turnstile.
The guard was upset that the building is being sold and that he may be losing his job. While I was speaking to him, a number of people entered the building by showing ID. I was in the building for about five or ten minutes and when I left, I noticed that there was a different guard/receptionist on duty.
I would have to say that security was somewhat lax. They should have had me sign in. I must say though that people tend to trust me, and I don't really blame the security guy for letting me in.
I visited the GBDX location on Friday afternoon and did not have time to consider buying or selling before closing. I expect a lot of people to be selling on Monday though, and the pps dropping to .015. I believe the company will come out with a few PR's over the next month that will bring the price back up, so for the moment I'm not too worried about losses.
GLTA
I am holding about 400k shares of GBDX. I live in New York City and decided a few days ago I would pay a visit to the new office at 2 West 46th Street. I was going there to ask if the order mentioned in the company's PR had arrived from Russia and perhaps find out if there was a connection between GBDX and Alrosa. When I left home today I had no idea the discussion about the new office was taking place on this thread. I planned to visit the office on Avenue of the Americas (Sixth Avenue) as well.
When I arrived at 2 West 46th Street, the doorman/receptionist
told me there was no tenant in the building going by the name
Global Diamond Exchange. I checked the register at the building's entrance and there was no mention of Global Diamond Exchange anywhere. The receptionist, who is there for security purposes, as one finds in every office building in NYC, told me that the building is being sold and that no new tenants are moving in at the present time. When I told him the company was supposed to have opened an office in room 704,
he let me enter to check it out.
In room 704, there was absolutely no trace of the Global Diamond Exchange Company. The names of two other companies
were on the door. I entered the outer door of the office and a lady who looked Chinese told me her lease was ending on December 5th. She said maybe the company I was looking for would be moving into that office space after December 5th.
There is a building management office at 2 West 46th Street
which I will contact on Monday to see if perhaps Global Diamond Exchange is moving into a different office in that building. Someone may have made a typographical error when information about the new office was released.
I also visited the office at 1230 Avenue of the Americas.
The reception/security staff helped me find the location of Global Diamond Exchange using a computerized register. It did not show a room number, only that the office was on the seventh floor. I went to the seventh floor where there was a
corridor leading to shared office space which is where Global Diamond apparently operates from. A female receptionist told me I could not enter that area and that the Global Diamond Exchange people were all out traveling. She said that is what she was told to say if anyone asked to see someone from the company. She did not know how many people worked for GBDX in that office, nor did she know the names of anyone who worked for GBDX. My feeling was that she was not being completely truthful, but then again, she had no idea who I was, so why should she give me any information at all about the company? She let me leave a message which she said she would pass along to the GBDX office.
My impression of both visits was that the information about an office at 2 West 46th Street was faulty, and that the office at 1230 Avenue of the Americas is real. The real office may be just a cubicle or small room in a shared area (very common in NYC), and the new office may be opening somewhere else, but it is absolutely not in room 704 at 2 West 46th Street.
There was a time when AURC was trailing NDOL in a 1:2 price ratio.
It was quite exciting today to see both at .19 X .20 at the exact same time.
This is good NYC humor (from one New Yorker to another):
"I sure as heck hope not, but could it be, the 'unbelievable news' was that Parkin is out and Julia is in? 'Unbelievable' for him, yet not for us."
Mr. Parkin is an easygoing guy, not a hard-nosed businessman.
From Brent's talks with Julia, my impression is that the business is moving into the right hands. I don't have a crystal ball, but I expect Empire to move from neutral to first by the end of September/early October when the company has some substantial news it is ready to release.
I've been adding to and holding my shares of NDOL for a year now,
and the pps is exactly where it was when I started, pre R/S. The only shares I have sold were 5K at 1.50, and that was to buy more shares of AURC. Today's price of .22 was irresistible and I had a little dry powder, so I added to my position, probably for the last time.
I expect NDOL/NWOG to hit 3.00 one day, maybe in a year or two,
and that is my horizon to sell. I believe the company will do all
it has promised to do. Meanwhile, I have a feeling G. Parkin is
out of the loop except for some legal work he will be doing for the company. That is a welcome development. Now he can get back to doing good for AURC shareholders.
I'm kind of disappointed with Empire, though. I would have thought enlisting an IR firm would have quickly boosted interest in NDOL stock, but investors now seem to be even more alienated from the company. That's my perception, probably until we see some of that "unbelievable" news coming out in that promised series of PRs.
Vic, I wouldn't say AURC cannot afford to hire Empire Relations or someone else to handle their PR. Their 12/31/05
balance sheet shows a cash position of $150,000 and accounts receivable of more than $5,000,000. Parkin probably wants to see what kind of job they do with NDOL first.
I found it a little odd when the head of Empire Relations
asked me more than once who it was that told us a new PR on NDOL/NWOG would be coming out soon on a weekly basis. It sounded like their plans are not yet too well synchronized with the company. Just my initial impression.
I just spoke to Empire Relations out in Jericho, Long Island.
I was mainly interested in finding out about Aurus, but they said
they are not handling Aurus. They told me there is no immediate or specific schedule for press releases for NDOL/NWOG, but that Empire will disseminate the company's news as it is shared with them.
It was very easy to get through on the first try, a lot easier
than trying to reach Mr. Parkin & Co. Empire appears to be a reliable source of information about Nord/North West Oil, so perhaps someone representing this board should stay in touch with them on a regular basis and keep the rest of us updated.
All the best,
Lochan
I am truly inspired by the mood of acceptance and openness on H.I.S. As I mentioned in a previous post, I'm a member of the Brooklyn Tabernacle and would like to offer anyone on this thread a copy of our choir's latest CD entitled, "I'm Amazed."
We have 280 singers, and our choir has won six Grammies for best gospel choir. To request a free CD, just send your mailing address to me at lfelda@aol.com. If you want to hear a sample of our music, please visit our website at www.brooklyntabernacle.org.
God bless!
Lochan
NDOL is the real deal. Under new leadership, the company is poised to make further acquisitions and eventually enter the top tier of oil producers in Russia. A new IR firm, JV with Oil India, move to a higher exchange -- this is all happening as we speak.
I have been accumulating for twelve months, knowing more or less
the potential of NDOL as a long term investment. I'll be holding for another twelve months which is when I expect this company to apply for a listing on the AMEX or NYSE. With the increased earnings that will be reported over the next four quarters, we shouldn't have much trouble getting to the pps level required.
IMO.
Who is in the infant stage, Benz? The company or the shareholders.
"Those who are confident will hold for the final outcome and those that have doubts will sell. NDOL's plan has always been to make profits..not appease shareholders in the infant stage..If that sounds ruthless, so be it."
Mark -- I received your PM AT 2:38 this afternoon and I first saw it this evening at 9:27 P.M. Thanks for the thought, but I think the matter has been taken care of.
Yours,
Lochan
While all of this discussion was going on, I was able to pick up a bucketload of shares in AURC at .12 and NDOL at .20. As a famous 49er once said, "There's gold in them thar hills."
2C has AURC thread loyalty, but he sounds too stressed out right now to moderate with objectivity. I think if he took a week off from posting here, he would come back refueled and ready for action. Maybe what's needed is a week in Bora Bora.
Rook -- Try sending a FAX to the Montreal Monimpex office to the attention of Gerald Parkin.
Fax No. 514-352-9436
Thanks, Mark, for this valuable DD. You are certainly correct
to point out how the PR said the financial statements were audited when the financials posted on the company's website are in fact unaudited. Of course, pink sheet stocks are not obliged to have their financials audited, but Mr. Parkin was wrong to let this go through in a PR before the company's negotiations with RSM Top Audit were complete.
I don't believe Mr. Parkin ever said RSM had confirmed the company's gold reserves, but in their email to you, RSM gave assurances that the financial and business operations of Zabaikalgeoprom had been audited by Complex Audit and that the accounts were found to be reliable. RSM also mentioned that they developed a business plan for Aurus and that the reserves referred to in the business plan have been acknowledged by the RF State Reserves Commission.
The financial statements have not been audited, but that does
not mean the reserves are fictitious. I believe Aurus is planning to become fully reporting. Otherwise, why would they be negotiating with RSM Top Audit? I take this as a good sign.
Plus, I see the developments in NDOL as adding to the credibility of AURC. A merger is a huge undertaking, and NDOL had to become fully reporting for the deal with NWOG to go through, as well as to make the move to a higher exchange. A lot of the credit goes to Mr. Parkin for bringing these plans to fruition. He will do the same for AURC, especially with him being the president and all.
I appreciate your investigative effort, Mark, because it has encouraged me to take a deeper look into my investment.
Yours
Lochan
To introduce myself:
I was born in Queens, NY in 1948. After graduating from
the Univ. of Delaware with a Bachelor's
Degree in Biology I went to Europe and lived in France where I started a business selling incense, oils, soaps and other scented products. I moved back to the States in 1983 and settled in Brooklyn, NY. I went back to college after a 23 year hiatus to study business management and accounting. Today I work as the chief administrator of an international bakery known as The Doughnut Plant. I also work for a CPA firm in Manhattan.
As far as faith is concerned, I was born in a Jewish family
and spent a year living in Israel in 1978. I went to India
a few times between 1976 and 1982 and, while studying with a guru, I became a vegetarian and a believer in the transmigration of the soul. Besides observing Jewish high
holy days, I feel very comfortable visiting a Hare Krishna temple or worshipping at the Brooklyn Tabernacle where I have been a member for about two years.
I have a twenty-one year old daughter who was born on the 4th of July. She is a student at Hunter College majoring in Accounting. She speaks French and Spanish fluently and has 20,000 shares of NDOL in her Scottrade account.
My Dad got me involved in mutual funds when I was twelve years old, but I was always in and out of the market. Ten years ago, I became a bridge investor in Rynex Holdings, a company that is producing a dry cleaning solvent that will eventually replace perc as the solvent of choice for the entire industry. The company has not yet had its IPO which is expected to take place within two years. Here's the website: www.rynex.com.
Well, that should give you an idea of my multi-faceted background.
Yours in service,
Lochan
Thanks for the invitation to this thread, Brent -- You may know I am heavily invested in NDOL and AURC, oil and gold.
There is great potential here and I look forward to doing great things with the passive fruits of my labor on the pink sheets.
2Create -- Following in your footsteps, I added 20,000 shares today at the rock bottom price of .16. With news expected soon, I see little risk of AURC dropping below this point.
GP must be working on a big deal. He is probably considering a few different offers of JVs and even buyouts from other gold companies looking to expand into Russia. There are also acquisitions by Aurus that are yet to be completed. He's just too busy to take our calls right now, but he IS working for us.
I'm sure GP does not want to make any premature announcements
as occurred with NDOL. He has to take his time with PRs and make sure his negotiations have been finalized before making them a matter of public record. At this point, he would probably appreciate a letter of encouragement from shareholders a lot more than accusations of wrongdoing (as they have been discussing on the NDOL MB).
I would suggest sending Mr. Parkin a hard copy of the letter
by regular mail to his office. He might take it more seriously
and reply sooner. Mr. Parkin's record of replying to email is not stellar.
Great idea to coresspond with Mr. Parkin as a group. When I spoke to him about three months ago, he asked me how many shares I was holding, so I recommend mentioning early in our letter how many shares we hold as a group. That should get his attention.
There are other groups of shareholders who would also like
to hear from management from time to time. I would suggest
to Mr. Parkin that he post Updates to his press releases on the www.auruscorp.com website to keep investors informed
about the company's progress. Two months between PRs just doesn't cut it.
Brent - I've got some dry powder, and I think I will add another
10K shares tomorrow if I can get them at my target price of .31.
Based on the information you posted this evening, we are obviously way undervalued, and with all the news about to come out, this is probably the best opportunity we have ever had to buy into NDOL/NWOG. The company is on the verge of becoming a significant oil producer, and no one on Wall Street really knows about this gem.
Unbelievable ground floor opportunity!
Thanks for everything.
Brent - This is all very encouraging information. The next three months should bring forth some wonderful developments in this company which will in turn attract a great deal of attention
from those who are watching this sector.
Question: When you said it appears the President likes acquisitions and JV's, did you mean Putin or Malyshev?
I was adding to my position today in an aggressive mode
between .165 and .18.
Thanks, Brent -- That clears away the haze surrounding these two acquisitions. And concerning the JV with Oil India, are they about to finalize a deal, or was the JV put on hold while they focused on completing the merger? What do you think is the time frame in the deal with Oil India?
Brent -- Thanks for that info. Can you tell us how close
we are to finalizing these two acquisitions?
Lochan
IHDR -- I have to disagree with your complaint to the SEC
because all of the actions taken by NDOL's management took place in the normal course of doing business. Their main consideration was that the majority shareholder(s) did not want to give up their stake in a buyout. I think we all knew this. At the same time, the company had very little working capital and would have required either a JV agreement or a merger with a cash rich company to continue its expansion and to begin extraction and production.
As things worked out, the buyout option was replaced by a merger with NWOG, without which I don't think we would have seen a JV with Oil India or the purchase of Magma, which may both take place this month.
Business people know that negotiations go through many twists and turns right up until the day a contract is signed. In reaching an agreement the companies don't think at all about
how the day to day PPS would be affected. They are thinking in terms of the long range benefit of each company. The managers are not daytraders in their own companies. When they speak about "adding value" for their shareholders, they mean for investors, not flippers, whose outlook is at least a year or more out.
I've been holding shares of NDOL for eleven months, and my plan is to hold for another year or two. I think management has always acted in a way that is advantageous for long investors, and I am very pleased with recent developments.
IHDR -- The buyout price of $2.17 induced many to purchase
shares of NDOL and drive the price all the way up to $1.52. Then news was released that an agreement to merge the two companies would replace the buyout offer. The existing value of NDOL shares at that point was estimated at $2.20. The PRs kept investors informed of these developments. Any investors who thought the merger would not benefit the PPS could have sold as soon as the PR was released. You apparently chose not to. Now you want revenge. I do not believe the managers of NDOL could have predicted the 80% drop in PPS that occurred after the merger announcement, especially since it was a better business arrangement for both parties to prosper. You seem to think otherwise. But if they could foresee a drastic drop in PPS, why couldn't you?
Changing the business plan from a buyout to a merger was not good news for day-traders, but it was great news for long term investors. I don't know which of the two you are, but if you are a day-trader, you must have fallen asleep at the wheel and missed a great profit taking opportunity. If you are long, you have to calm yourself and ride out the ups and downs of the market. Either way, you have no reason to file a complaint with the SEC. There was no conspiracy, nor was Mr. Parkin ever less than honest with NDOL shareholders. His timing may have been a little off, but that is no reason to
slander his good name or that of the company.
If I were you I would first kick myself in the rear-end for loosing my temper, withdraw my complaint with the SEC, apologize to the members of this board for the disruption, and from now on, send comments and complaints directly to company headquarters for their appraisal instead of throwing a public tantrum.
I like the prospects here. Picked up 2000 shares at 1.05 today
for starters. Thanks, and GLTA.
Any crouching tigers waiting on the sidelines should get in now
at .20 before the AURC PRs we've been anticipating start coming out. The chart is moving sideways on low volume, building a strong base for near term capital appreciation. This is the kind of opportunity value investors simply dream about.
Present, and 300k accounted for.
Sub -- I wouldn't worry about what the email said. Mr. Parkin wrote that Aurus will move into an aggressive mode this week. That means they are working on PRs that will come out shortly. He didn't actually promise the press releases for this week, only that they are in high gear to get the news out. The one thing he did promise is that you will be pleased when you see them.
I am fully loaded and ready for a PR blitz in the days to come. I will hold this baby until the cows come home, or until we have a ten-bagger, whichever comes first.
When Gerald Parkin says "Next week," he means he will do all
that is in his power to follow through. There are so many individuals involved in getting out a PR with this company and unforseen factors that may come into play right until the last minute, so you just have to be patient and not get flustered.
You have to think long to avoid going nuts. When it comes to Aurus Gold PRs, a day or two of extra waiting may affect the pps a point or two in the short term, but these minor fluctuations are hardly significant when you are seeing the big picture.
Rook, when I first saw AURC I told my broker to keep an eye
on it. That same day it went from .20 to 1.00. It must have been back in December. After the dust settled, I started buying in with an average cost basis of .11. When I originally spoke to Mr. Parkin about Aurus, he seemed to think it was as safe an investment as NDOL. I wouldn't buy
it though until I had seen some financial data, PRs, etc.
It was only after finding this board that I had the info I needed to invest here, and I've been accumulating ever since.
I'm looking into making one more trade this week before the next PR comes out.
Nice gains here over the last seven sessions. Expecting good
news this week to push us onward and upward. Tomorrow should be
another good buying opportunity before the next PR comes out.
I've been adding and holding since December. It looks like AURC is shaking loose from the 2:1 pattern of shadowing NDOL. We should
now move up on the intrinsic strength of our actual assets and JV prospects.
I'm glad to see that the move to a higher exchange is imminent. I remember how, many months ago, Mr. Parkin would tell me that getting off the pink sheets was not a top priority. He used to mention that Nestles and PetroK were big, successful companies that were also on the pink sheets. His outlook must have changed, maybe due to his disgust with the way the share price has been manipulated since the R/S.
The first move was to get onto the Frankfurt exchange, because management thought there would be more support there for an oil company with all of its assets in Russia. I think that was a correct assumption, but I believe the JV with Oil India will make this a very attractive investment on any major North American exchange (and the London exchange as well).
The prospects for the new company's growth are tremendous. It is a very rare opportunity to get involved at this level in a company with this kind of potential based on proven oil reserves. Admittedly, the ride has been a little bumpy, but we are about to see some developments over the next few weeks that will make us forget all about our disappointment with the buyout proposal that was scrubbed back in May. The best days are yet to come and they are coming soon.