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While updating GBDX corporate website, why don't they also mention on their "mining in russia" section the fact that the Mir mine in siberia area that they describe proudly as the worlds largest diamond mine has been shut down since 2004! Oops.
http://globaldiamondex.com/russia.php
http://thelongestlistofthelongeststuffatthelongestdomainnameatlonglast.com/largest137.html
http://en.wikipedia.org/wiki/Mir_Mine
If you post your buys at the ask I am sure you can buy 200 million shares pretty fast! Go for it big guy.
A Flippers Squeeze with a -22% Ask/Bid at .0008/.001
If those cheap crooks spent a penny on a collections lawyer it would lopside their budget.
they announced that transaction was ended sept 2007. please see gbdx website. they said sib almaz has taken over gbdx. there is no anniversary anymore, the takeover was tooken over.
So you are saying maybe 11 % of shares are publicly owned. Sounds scary to be a shareholder cause you have no ability to outvote the managment no matter how much they take advantage of you!
All that believe they will buyout your shares should be very angry about the increased shares because now your buyout is only worth a fraction of what it used to be. There is no golden goose that enables the company to double the number of shares and still pay everyone the same buyout! But lets be real, a company that is not in operation is not going to go private! There is no sign of life here and that was the case with even the prior owner who put out a dime a dozen press releases stating they sold shipments but they lacked any proof (they only made false claims of an audit being done right away) which is the kiss of death for any credibility.
Much fewer people profit than lose money on a company like this. Their value is much less than the current price and the only sure way to come out ahead is with insider information. Those of you who do not have it are probably being used by those who do.
Fact: Transfer Agent is gagged
Fact: Company is a shadow company with no desire to disclose its financial data, corporate strategy, method of acquisition from prior board, audit, future plans etc.
They have gone in complete contrary direction to most major p.r. posted on their own website. They have gone contrary to any actions that would have any benefit to shareholders (they did not take back shares, they did not release bio on the board of directors or Sib Almaz, they did not publish an audit, they did not release the promised report on their Sept 2007 buyout).
In conclusion, a few people have profited greatly but most of them are insiders. Some of the insider information given out by past posters on this board RonnieG and his ties to Willie/Hal proved to be true and preceded some of the corporate filings or press releases--- this is disturbing because they use insider information LEAKS to gain support and trust of some people- but they totally have led people to financial ruin if they believe their constant rumors and promises of riches in this worthless company.
This report has been compiled by a concerned citizen who is not a professional stock broker. It is a diligent albeit amatuer review and analysis of the press releases and filings made by this company.
GBDX was bought out already. Sib almaz is not buying back shares. they are selling more shares.
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Global Diamond Exchange Inc. Offers Updates on Merger/Acquisition and Future Business Strategy
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC Pink Sheets: GBDX) Global Diamond updates shareholders on merger/Acquisition with Sib Almaz. The transaction has proceeded slower than expected, but completion is anticipated by mid September.
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September 17, 2007 - 7:30 AM EDT
Global Diamond Exchange Inc. Changes Ownership
Management for Sib Almaz is pleased to announce that it has completed the purchase of the controlling interest in Global Diamond Exchange Inc. (PINKSHEETS: GBDX). Sib Almaz is now in full control of the company with new management already in place.
New Chief Executive Officer, Mr. Slava Beurikov states that, "Purchasing the controlling interest of Global Diamonds Exchange and installing new management was the first part of the transaction. We are now proceeding with the second step --
to reduce the number of shares, through various means including but not limited to a repurchase of shares.
The company's ultimate goal is to eventually exit from the domestic markets. Details will be made public through press releases as they occur and the transaction progresses."
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The data shows that they have systematically been increasing shares during the sale to sib almaz and after the sale to sib almaz.
2/20/2008 2.15 billion shares
2/20/2008 2.5 billion shares
1/2/2008 1.95 billion shares
10/11/2007 1.8 billion shares
7/19/2007 1.5 billion shares
7/9/2007 1 billion shares (minus 1)
7/6/2007 975 million shares
It won't take that long for them to sell these 200 million shares. They sold 150 million shares in 7 weeks. I think they will sell out again a little slower maybe at a rate of 3 months but probably less. Since Willy said turino gets to trade pink stocks again this year (suspension ends), I expect he will run the show again and flash around some new smoke and mirrors. I don't buy this "sib almaz" name game being any new players. I think the ghost names who ran this shell all along are still pulling the strings.
2,150,000,000.00 now gbdx ammended yesterdays share increase to 200 million and not 550 million stated yesterday. I find it very suspicious how many people knew ahead of time that there would be a revision--- so you guys who are being fed advice are just being sucked in and taken advantage of. To make it even more pathetic, this type of mistake seems planned so that they could make their rapid dilutions seem to contain "some good news and some bad news" when its really all bad.
SEPT 2007 GBDX announced "We are now proceeding with the second step -- to reduce the number of shares, through various means." However instead they have under the leadership of Sib Almaz done exactly the opposite, from 1 billion to 2.5 billion shares. Thats not good. Dilution =
Stock dilution is a general term that results from the issue of additional common shares by a company. This dilution can shift fundamental positions of the stock such as ownership percentage, voting control, earnings per share, value of individual shares.
Many venture capital contracts contain an anti-dilution provision in favor of the original investors, to protect their equity investments. One way to raise new equity without diluting voting control is to give warrants to all the existing shareholders equally. BUT GBDX DID NOT DO THIS, THEY ONLY SELL SHARES TO FUND THEIR OWN POCKET AND DILUTE THE SHAREHOLDERS VALUE!!!!!!!
why don't you buy at market if you think its such a great deal
Who cares if its "not a pump and dump" - they are happy to keep diluting it without bothering to put out p.r.
You do remind me of a good point, which is "the less they put out p.r. the less they lie to the public".
If you keep buying why should they pump it. Too many p.r.s just leads to more lies that can catch up to them --- that would force them to handle all that nasty paperwork to make a new face-story and name change. such as vway wwcd etc etc
3 strikes! you said "soon" and you said "3 billion" --- also you said your average was .12-.13 ---- so I am seeing you made 3 errors. "soon" can mean anything and so I wouldn't say 3 weeks was all that great of a prediction since you left it wide open, it was less than 3 billion, and you lost a lot of money today! 3 strikes!
why would the sec care? raising shares is allowed!
Either way the shareholders lose!
Maybe thats a good reason to sell if it is the case. Why would you want to own shares that can be diluted to virtually 0% of the company. Lets say in the world of fantasy your share was to be bought out at 1$ a share. They dilute the company to get the price down by generating 100000 times more shares than when you bought in (Remember- it is your theory that they can do this and have been doing this dilution to lower the price of shares). Now the buyout price is divided by 100,000 ergo a share that used to be 1$ now can be bought back at .00001 or 1/1000 of a penny! So no matter how many shares you own, Sib is just going to keep churning out enough new shares to obliterate your value.
So we have 2 choices- believe the simple theory that the company is diluting a worthless shell for profit; or the company is diluting a valuable company to steal it from the shareholders.
Either way the shareholders lose!
52wk Low = 0.0007 on 1/14/08. Look for a new record soon, very soon. The crooks do not deserve to steal your money, but if you want to give it to them - wrapped up in a pretty bow - then that is another story.
Are you assuming something different about the fact that the buyout was announced in September minus the disclosure of the terms that were promised to occur? I assume that you are left holding the bag. The buyout was proposed and then it was announced. What fantasy some people still cling to is beyond my assumptions. Some people just can't fathom that they were that irrational to fall for this ploy I suppose IMO !!!!!!!
Easy as 1-2-3. If you examine the SEC documents & PR you will see that there is no T.O. for the shareholders. http://www.secinfo.com/d14D5a.u1gBe.htm The keys to understand this is where it says:
1.) "There are no guarantees at this time that a transaction will occur, just that the company has been approached for a potential takeover."
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2.) "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."
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Now all you need to do is look at the last PR on the coroporate website for gbdx:
September 17, 2007 - 7:30 AM EDT
3.) "Global Diamond Exchange Inc. Changes Ownership
Management for Sib Almaz is pleased to announce that it has completed the purchase of the controlling interest in Global Diamond Exchange Inc. (PINKSHEETS: GBDX). Sib Almaz is now in full control of the company with new management already in place."
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Lets review:
There was a possible takeover announced.
There was a takeover in Sept 2007 and its over.
They did not make any filings or explain the share structures and terms of the buyout to the shareholders as they promised. Most people were able to understand this eventuality to mean that the hype about a buyout was only to generate more sales of shares (ergo the raise in shares from 375,000 to 1,950,000,000 shares) by generating interest in naiive investors to buy up a dream of owning a part of the diamond business for a fraction of a penny per share.
They were not legally obligated to disclose anything about the takeover- but by saying they "planned" to do it got lots of people convinced that only a legit business would say that. Those types of statements are a dime a dozen however. Just like the promise that they would audit and give out all their financial data right after the first shipment of the diamonds! They lied so that more suckers would buy into their worthless stock imo! But then why did they announce the takeover was done without carrying out their word to announce the terms of the buyout? If they told you that then maybe no one would want to own this worthless shell. imo
So here we are-
silly wabit- why would alrosa buy a middleman company to deal their diamonds when they can bypass the middleman altogether ? Why would they care about this alleged export license when they can make and take any license they want (thats right the goverment owns alrosa- do some 5th grade level DD). So get real. Besides if anyone wanted this penny ante stock it would have been very easy to wrap up the sale on day # 1 not year #2. Thats why the takeover was open and shut- sib has the company and sib is about as good of a company as any of the prior shell holders - every last one of them has been a reflection of a shadow with no finances other than the bank accounts of the board sent straight from the wallets of the shareholders. while this is imo it is fully supported by all the known news releases including the ones that were removed by the now defunct PR Firm that handled this company. Meanwhile the new owners don't do news releases any more.
So you are stuck with those deflated shares - that you are trying to pump.
maybe you should invest in alrosa
a few months ago you were happy to buy .0035 s and higher, now you say you averaged .0012? How did you manage to "average" at close to the all time low- thats kind of hard to do --- unless you are chasing your losses with very high buys now--- it takes an awful lot of sinking in new money to "average" at the new price when you paid so much in the past.
what about the fact its being diluted? from 395,000 shares to 1.95 billion shares this year- will sure to increase the amount of sales and activity. you call it accumulation I call it dilution. whatever - its a bad thing.
who cares- just buy low and sell high - like today you could have flipped it 5 times at 15% each
But there was PR of the takeover! September 17, 2007 - 7:30 AM http://www.globaldiamondex.com/news.php
Global Diamond Exchange Inc. Changes Ownership
Management for Sib Almaz is pleased to announce that it has completed the purchase of the controlling interest in Global Diamond Exchange Inc. (PINKSHEETS: GBDX). Sib Almaz is now in full control of the company with new management already in place.
Russia Market Report shows negative trend 2008;
By Anastasia Serdyukova Posted: 02/01/08 09:31 RAPAPORT... Russia’s ALROSA, the world’s second-largest diamond miner, expects a reduction in its total diamond mine output this year. According to the company’s 2008 forecast, it will mine $2.29 billion worth of diamonds, compared to its 2007 output of $2.33 billion.
ALROSA’s net profit is also expected to fall 27.17 percent in 2008. The company is increasing its capital investments and plans to raise its geological exploration spending by more than 20 percent. ALROSA also is shifting to underground exploitation at a majority of its mines.
The company already had announced that it is cutting down on expenses to cope with its increased spending. Beginning this year, ALROSA will collect value-added tax (VAT) from domestic manufacturers, who had previously been exempt from the tax. The miner also took out a $350 million syndicated loan in December, according to Interfax news agency.
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WHY - you may ask? Because they are depleting the resources. The mine at mir that is on the gbdx website has been shut down for years! Now they are scouring the ocean and all over to keep up the diamonds. Soon a resale of diamonds inherited from peoples own families will be the new trend rather than buying from the Blood Mines. IMHO
Mosquito shape chart just morped to the dreaded vampire fang for TODAYs GBDX chart (best viewed on scottrade charting). If this was not bad enough, there is a worse far worse possiblity. We may see a rare but very cursed Frankenstein Jaw! I thought I would never see this chart but it is only 1 down-turn away! Once a chart shows that mark- its usually the kiss of death. The ceo probably has played almost all his cards- sooner than I suspected too.
IMO but how can you miss the signs its right in your face if you look at todays graph!
Mosquito shaped profile as of current time on TODAYS gbdx chart . Beware of the Mosquito graph! Famous harbinger known for many ill fortunes!
There is a high risk today can change from a mosquito chart to a vampire fang chart. I don't even want to think about that one- its that bad.
To answer your question I am a highly evolved moral being and do not need to act in self interest when I share wisdom about this sub penny stock GBDX.
http://en.wikipedia.org/wiki/Image:Maslow%27s_hierarchy_of_needs.svg
http://en.wikipedia.org/wiki/Abraham_Maslow
People who are no longer lacking in money or affection are able to reach a higher moral plane according to psychologists and developmental experts.
So a person who is willing to offer their expertise to others as a hobby is actually something you should respect and not mock.
Maslow writes the following of self-actualizing people lke me who don't own this stock but comment on it objectively to help raise important facts and make the company accountable while protecting innocent widows and gullible investors:
They embrace the facts and realities of the world (including themselves) rather than denying or avoiding them.
They are spontaneous in their ideas and actions.
They are creative.
They are interested in solving problems; this often includes the problems of others. Solving these problems is often a key focus in their lives.
They feel a closeness to other people, and generally appreciate life.
They have a system of morality that is fully internalized and independent of external authority.
They have discernment and are able to view all things in an objective manner.
They sure have had trouble with sales on the GBDX inventory. They can't seem to sell this fourth shipment for the life of them! http://www.globaldiamondex.com/inventory.php They have shown an inability to find buyers of the remaining diamonds since aprox. 1 month after showing this inventory nada change whatsoever in the for sold signs. The only way I can explain such poor sales is a major screwup in their company imo. Either improper licensing or lack of trust by the jewelers in NY with their entire operation. I think I could do a better job on ebay myself and I never sold anything in my life! Just an average joes opionion.
There were numerous messages on the corporate website after unleashing this inventory list - so they had plenty of changes on other parts of the website --- which shows this data must have been capable of updating all along! I don't buy that this website is not being used by the new owners but Regrardless- the prior owners couldnt sell it either and they are they ones who announced all those diamonds. My guess is they were diamonds that were under consignment and they had to be returned to Russia for failure to deliver on the sale. I don't see any reason for them to still list the information- other than to pretend business as usual when they are really just FRONTING.
IMO
Simple 12-Step Sib Almaz Plan for GBDX:
1. Increase number of shares.
2. Sell all Shares.
3. Repeat step 1
4. Repeat step 2
5. Repeat step 3
6. Repeat Step 4.
7. Repeat Step 5.
8. Repeat Step 6.
9. Repeat Step 7.
10.Repeat Step 8.
11. Repeat Step 9 and step 10.
12. Restart from step 1 on forward.
This is imo based on my DD and reading all about this shell from each and every single news release & public record on this company.
nothing to longs but paradise if you flip it right
imo sib almaz is finished selling most of the new released 150 million shares and look for a share increase on the nevada sos website coming up in February.
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Posted by: mickey22
In reply to: TGTL2005 who wrote msg# 70697 Date:2/2/2008 7:02:12 AM
Post #of 70706
imo (sib almaz)finish accumulating the o\s with (sbsh) now is accumulating some extre shares the retail short with (auto) the end is near!
you are safe. now feel free to safely lose your money.
your rumors are worth another 90% drop in price just like all your prior ones
who is "they" you talk of and who told you what "They" want
"In conformity with its Charter ALROSA is a close-type joint stock company and it does not have a stock exchange listing."
per: http://eng.alrosa.ru/profile/
Therefore Alrosa is not in any kind of partnership or proxy-ownership secret or otherwise with GBDX by its own charter.
However, since alrosa is supposed to be responsible for 100% of the diamonds in Russia - theoretically they are supplying GBDX - in the sense that they can buy diamonds that were once mined by alrosa. "Supplying" - does not mean they are asking gbdx to be a middleman--- they could be charging them an exorbient price worse than retail for all we know (without the audit)!!!!!!!!
The problem is that there has been no accounting /AUDIT (sure they used p.r. saying it was going to happen since 2006 but never follow thru) to prove that any diamond sales actually occured- so even the statement that GBDX has purchased diamonds from Alrosa is RUMOR only-- like their unverified p.r. statements by the company which has disappeared FORTUNEIR/ Alex Livak.
I read your link but it does not say GBDX anywhere. Did you make that up? Why do you put this?
lack of handcuffs or lack of news/disclosures does not make a company legit. the rollercoster is all down hill, the only ups are itsy bitsy ones on the ride down.
clearly sib has almost finished taking the company private and they will proceed with dismantling the company into nothingness with the corporate raider agenda. Knock out the competition and render it obsolete. Tee hee. ouch!