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This is just sad. Sell on todays 10% and you are smart, buy up now and you are throwing pearls to swine.
Sales office means you sell stuff. Point being they arent. June PR says "The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds."
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the p.r. also said:
NEW YORK, June 11 /PRNewswire-FirstCall/ -- Sib Almaz, the potential merger/take-over candidate of Global Diamond Exchange, Inc. (OTC: GBDX) is in the process of renovating and restructuring the office that Global Diamond Exchange currently occupies at 2 West 46th street, taking advantage of the historically slow summer months in the industry in order to be ready for the up-coming season. The process has already started with new furniture, fixtures, and equipment having been ordered.
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When pray tell is the diamond season? People were saying before about if they shipped a couple million those other months in the beginning that they could move 10X or 20X that in a year. But is 3 shipments of a couple million (on consignment with the diamond certificate partners) enough to be in business? Thats a joke.
Some people craftily sugggested that they are going to let the company croak so they can own it cheaply. I have a better theory for you all. They don't ever want it to make a profit and they just wanted to close it down! Maybe they own the other export license already.
1.) There should be some level of activity going on if this is any kind of an actual business- call it retail or wholesale it doesn't matter which.
2.) If the office is an empty front then that explains why nothing has changed on the "Inventory" of the GBDX website and why no claim of a fourth shipment came. Empty Office explains why they never produced the severerly tardy, and much promised audit of the proceeds and profits from first shipment!
3.)PRs have said that they want to exit the market and reduce shares- but then they massively increased the number of shares on the market(per the filings with the Secretary of State where they are incorporated in NV) as their first order of business after the News Release is not adding up.
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Mourning Money Said:
What sort of retail operation would be expected at a wholesale operation?
"No retail operations whatsoever."
If anyone buys in now, you can be king of the fools! You can get a lower buyin than most people here! Go for it!
IMO the company itself must not care very much about keeping its shareholders to be:
1.) informed or
2.) involved ,
3.) not want them to vote ever,
4.) not want them to know what is going to happen or already happened,
5.) not want them to know who really runs it ,
6.) not want them to know if they are even in operation or still setting up,
7.) not want them to know they assets and balance sheet,
8.) GAG Order about transfer company with no defined purpose or end in sight,
9.)keeping secret the method the company WAS ALREADY taken over (even though this was supposed to be explained mid september),
10.)keeping secret how much sib owns other than having "control"
11.)giving sib control by handing the office and board of directors to sib BEFORE officially announcing that sib had taken over the controlling interest of the company (and to this date not exposing how this take over was done- which may reveal if there were anything illegal, conflict of interest, or that hurts the shareholders)
11.) not telling the shareholders anything verifiable about the managment or sib almaz (and not telling the Rapaport diamond news anything verifiable).
12.)since announcing interest in a takeover by sib, the company added 800 million shares to the pot, or selling 80% more shares!!!
13.) For all we know the managment sold the company entirely based on the new shares they decided to make, and cut the general shareholders out of the pie!
14.) I tend to think that the fact there is no trace of who sib is according to the diamond industry news sources that it means sib is a farce- and just a backstory to keep selling off their endless shares from a well that will never stop
You said it: b/c they keep raising the number of shares!
rajuabju said:
"There are still plenty of shares out there available."
Sorry but the deal you refer to is over. Please peruse the September P.R. and update yourself. Sib bought the company from the prior owner and controls the company now. You are a few p.r.s behind buddy.
yes they are going to keep diluting the market indefinitiely to keep the share price low. that way they dilute nearly an infinity number of shares, then the price that the shareholders own is nearly worthless, then when they buy back the shares they pay diddly squat, and there you have it. So the only problem is if you buy long and get diluted all over, there is no good exit strategy.
I guess that is why they stopped selling diamonds then so that the company will be worthless , everyone bails out, then they go private. Yea sure whatever you say. Lets be conspiracy theorists.
The reality of the situation is they want to sell more shares and there is no hiding that fact.
They are diluting under the gag and anyone who argues that is just trying to get a sucker that will bail them out of this and take this stinker off their hands.
You were right- news came: dilution. Actions\Amendments
Action Type: Amendment
Document Number: 20070694808-14 # of Pages: 1
File Date: 10/11/2007 Effective Date:
Previous Stock Value: Par Value Shares: 1,500,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 1,500,000.00 New Stock Value: Par Value Shares: 1,800,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 1,800,000.00
This is a very thinly traded stock with only 9 million exchanged so far today. How can you think that this is a short covering? There is less activity now than in ages with this stock. Only people buying now is the longs and that it that. A stock that sells millions of shares can have lots of stops in the day because in this case each million shares only represents $4,400. So today's 9 million shares were only $39,600.
Exactly. That will or has happened under a gag. Sib gots to makes money. So if hes low on shares to sell, he gots to pop out more to sell. Under the gag I presume.
I fail to see this as a positive development. Think about it- they are making a ton of money, they are involved in GBDX, and they want people to buy as many shares as possible. Assuming all of this is true, then it can simply mean they are selling worthless shares to the public (which is how they are making their fortune), making off like bandits, and they want you to keep buying more.
Well- if it was Sib selling it then they probably dont feel so stupid.
The question is are they planning on leaving the market by a tender offer or by chapter 11. I think it will be a creative reverse merger spinoff so they can keep playing the shell game without admitting it was a lie (like they did in the prior merger of GBDX into WWCD).
Another way to interpret the p.r.--- they said literally in the pr was: "The company's ultimate goal is to eventually exit from the domestic markets." Maybe this is their way of saying they are not planning on selling diamonds in the USA domestic diamond sales market. Why would they do that you ask? Well why they already have stopped announcing they made shipments, or sales. They also never claimed to have made a penny of profit. So yes, that is a vague way they could make a statement that is not really telling a lie. That means the comp;any is changing directions by a reverse merger. imo
That is why the audit means something.
2 Excellent news developments on GBDX website:
1. It says that the section explaining the Management and Board of Directors is currently "Under Construction". Go to the website, it says that its under construction so we are about to find out all about them!
Also under FAQ it says : 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. So we are going to find out all about Sib almaz and their directors!
Thats awesome. This is sure to drive up the price!
2. Under FAQ it says that we get to see the financial information as soon as they hire an SEC approved auditor. They are going to release all the sales data, profit data, and share structure as soon as they finish hiring an auditor and they finish auditing themself! I am tickled by the great news. Its all laid out right there on the corportate website!
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.
With this kind of incredible developments in the works, there is sure to be lots of activity and excitement on wall street over this gem! See all ya'll when we deposit our profits into fort knox!
doubtful. normally the p.r. only happens when it is tanking and they attempt to pump it (not that it works though lately). Also, they leak some of their p.r. to some of the posters here ahead of time- But now- since they have not been letting out that info I would say its even less likely a p.r.
Aha, after today I understand why such a good company will sell for a cheap price some of the time. free fall on nokias deal today- which is a long term thing I dont see how it can really matter to grmns profits for a long time. who knows.
wake up and smell the coffee:
GBDX announced Aug 15 that "merger/Acquisition with Sib Almaz. ... completion is anticipated by mid September."
Sib Almaz announced that it has completed the purchase of gbdx control on sept. 17.
End of story. There are no other deadlines. Sorry to disappoint those saying something is expected to go down "this month". I suppose that a thinly traded stock can have rallies but don't be tricked into thinking there is going to be pennies or nickles offered on the micropenny here.
Also I don't know who says that the diamond season is only at the end of the year, I see alot of shoppers going to jewelers all year round, and people I know spend alot more on diamonds for their weddings than they do on holiday season. The point is that for all the time they spend in the NY diamond district this company was all talk and almost no action in the sales "shipment" end. They never put their money where their mouth is or proved that they had any value. Neither did their supposed export license get too much use.
I think your friend sib sold those 1.5 mil.s after all at .0032
Thanks. I just read alot of analyst recomendations and pick the ones for companies I know about (the brands I would buy). Its hard to understand why this has doubled in price per share in such a short time without pulling back yet, but I am not complaining.
Answer: NO. Therein lies the problem with the direction of the price of this.
Question: Any valuation here on fundamentals?
Maybe in Russia, september is next month
Why were they so cheap at the time I bought in 5 months ago and why did they jump so fast now--- Did I miss a catalyst for the upswing or downswing? Or Do people just buy on technical trends cause I cant figure out why this did so well.
This merger has to be a ploy to sell shares until the game is up and there are no more suckers. If anyone believes that sib almaz wants to steal the shares cheap, then how do you explain the original GBDX company rolling over dead and letting them do take over without publicity, without showing the value in the compnay, without wanting to get a high price for the shares they own? Why would the original gbdx company want sib to "takeover" cheaply? Why would they agree to watch it tank? There was no tender offer so why did they just give it away and let it tank? shareholders are getting the raw end of this one no matter how you look at it.
Consider it a gift from the russians, now you get to use the loss of your stock against long term gains now.
you should be happy buying in the .003 s, it still brings down your average you have put in on all your postings. Why didnt you go all in in the .002 s?
they are a FACADE. An empty shell.
They promise to update us on that too, it tells us if they have any value. they didnt update us. they never made any purchase of a synthetic diamond facility as they proposed. they never audited their finances. no disclosures. no diamonds sales were ever shown to make a profit. Just a quick in and out of the market without ever doing any real business. The synthetic diamond factory acquistion was just a pump. like the supposed almaz tender offer that was really a merger.
Global Diamond Exchange Considers Acquistion of Synthetic Diamond Manufacturing and Processing Facility
NEW YORK, March 1 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX) is pleased to announce that management has begun conducting due diligence, setting the stage for the possibility of acquiring a synthetic diamond manufacturing and processing facility in Moscow, Russia.
Global's management sees this as an opportunity to expand its operations by purchasing the land, equipment, and business of another company. This is the first stage of a proposed expansion, with the terms and conditions not yet finalized. This is something that will obviously have to occur in the event an acquisition is undertaken and if all parties agree to the terms it is viable that this transaction can be completed within 60 days.
The company will continue to keep everyone informed as developments occur.
let those greedy lummoxes try - they wont last long like the last time was it march to april in 1987? how many times have we read in the p.r. "we didnt anticipate all the legalities"
there is nothing solid about welching on a promise in January to disclose financials, this is the most basic principal for evaluation of a stock- everything else is fiction and message board rumor.
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from gbdx website faq posted long ago- p.r. stating this go back at least to january:::::::::::
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---------------------------
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Not only did they fail to deliver the audit, they went and made more "exchanges" or shipments without doing the disclosure. That is 2 failures to keep their word. This is very significant - and the reason you can't just take their word that they have value or a true company behind the shell.
I see that Livak (p.r. man for gbdx) has not only suddently quit gbdx but also quit promoting safepay and no one there understands why its tanking. There is more to his disappearance than just "sib almaz". Is there some kind of deals or insider issues in the groups who are behind these "gems". Also at safepay board they said willy was pushing it (like he did with gbdx). So the question is why is Livak gone from all his companies? And is willy on the inside or is it a coiincidence that he chose to push sister companies of Livak (Livak only was only promoting 4 companies). No matter how you slice it, it appears to be troublesome.
is alex livak (fortuneir.com) under investigation or abscounding? he suddenly stopped promoting pr on all 4 of his companies on his website including safepay. Are all of the Livak companies being pushed by Willy (I know safepay and gbdx are). Is Willy in on it from the inside or the outside? Does he just make money by getting people to buy the thinly traded stocks after he plunks into it first?
look at the last few pr. and maybe you should reverse yer strategy for this stock. buy on news cause its always bad and sell on rumor which is only way it will gitup.
at least he is smart enough not to chase his losses with more $
How can they hide from shareholders how Sib almaz was given control. Is that legal? Do the shareholders have any rights? How much did they pay and to who? Did ceo and others get paid off? Did insiders profit? Did they just sell shares (500-525 million new shares) they pulled out of thin air thereby rendering all existing shares of lesser value.
then any of the p.r. about the other woman does not apply any more and they hired someone else. those names are too different to be the same person
you spelled her name wrong. its Elena Voushva and not Elena Voloshina. I am sorry but those are not even close.
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Global Diamond Exchange Inc. Announces Management Changes
07/11/2007
Global Diamond Exchange Inc. announced that CEO Alexey Cherbekov has resigned and that he has been replaced as of by Mr. Slava Beurikov. Furthermore, Global would like to announce a second addition of Ms. Elena Voushva as Corporate Secretary.
that is very smart of gbdx to hide all that information, if their goal is to sell the company for the absolute smallest price possible and make as little profit as they possibly can for themself and for the shareholders. its a horrible idea to hide the facts, however if they want to make money on the sale and want the shareholders to profit. Unless, the facts are that they are worth even less than the current share price.