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Black Friday is here because of the NONOS. no sale, no offer, no financial disclosure (9 months late on the promise to do so), no diamond sales, no net profit shown, no assets, no officer bios, no credibility.
that would maybe make the buyer happy (drive down the price) but why would the seller (gbdx) want that, and the seller is the one who has the control of the news releases.
I was very surprised to see the pr saying completion by mid sept, not that I expected a buyout (just a merger) but at least it was closer to getting out in the open what is really happening. Now that its so close to mid sept we shall see if they come through or drag this out. One explanation is they are trying to milk sales of the secret outstanding shares (hiding behing the gag) diluting the market -- if they continue to drag this out then that would point to this explanation. Who thinks this can still be dragging along in March or next summer? No one seemed surprised when they went from caviar to diamonds. Maybe people will like the next reverse merger . Diamonds to maybe oil? its sure to be touted as even a better future by the russians. or importing diamonds to drilling with submarines for diamonds? mark my words they are going to keep pulling out more excuses. micro pennies to come
why dont they talk about their financials they were supposed to send out an audit after the first shipment and before the second shipment. The fact that they did not do that after such a long time is a very bad sign. Also, they said the merger-acquisition was expected to be completed mid-september, and they announced it about 1 months ago. Now it is a very bad sign if they are not publicizing anything about this transaction really only can benefit insiders and hurt shareholders. This is why smart money is on a reverse-merger not a buyout, that will keep the shell alive forever to keep playing reverse mergers, reverse splits, fake out companies that never materialize... that is the history of this shell. based on all the dd i have seen. imo
yes that forward projecting statement makes the financial disclosures they were promising seem so unnecessary. that proves they really are telling the truth! not
dont put all your eggs in one basket. ps 1000 shares is 4 dollars and 50 cents more or less.
I found a copy of the original webpage posted on another board and there is zero change in the section on Alrosa. It was exactly the same way since the start of the website.
the original wording is found at this website, it was posted straight off the gbdx website Nov 2006::::
http://www.hotstockmarket.com/forums/penny-stocks-stock-picks/44618-gbdx-alert-transfer-agent-confir...
You can look back to the gbdx webpage and will see the wording never changed. Kudos however on finally reading the webpage and starting your DD, better late than never.
yes, it is true that gbdx is buying diamonds from alrosa. that is not a new development.
did they buy long or short?
I dont know what you think you found but that information about Alrosa but it is so remote and disconnected from GBDX that its funny to spin this off as some kind of a development.
questions questions:
why the company hides from rapaport diamond news-(see march news articles) refuses letting them visit to see if its legit turning away free publicity and chance to sell products to more professionals? why the PR rep said that even a preliminary financial statement would be forthcoming (6 months ago)but still none , the PR rep livak is history now, the ceo who made promises to be fair to shareholders interest is history now, takes like a year to update a website and still its not updated (gbdx homepage). I think every thing here might be so now they can backtrack on everything . company around 1 year and no revenues disclosed? if this diamond license is worth more than the paper its on why isnt it being used right now and why let all this time go by.
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Suitor Reportedly Approaches Global Diamond Exchange
By Jeff Miller Posted: 03/07/07 06:50 [Submit Comment]
RAPAPORT... After announcing its change of business strategy --from food distributor in Eastern Europe to wholesale diamond sales in New York-- on September 22, 2006, Global Diamond Exchange announced March 1, 2007 that it was in negotiations and "conducting due diligence" to acquire a synthetic diamond manufacturing and processing facility in Moscow. "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." (Read more in related links.)
Global Diamond Exchange reported that if all parties were to agree to conditions and terms, details of the transaction would be available around May 1, 2007.
On March 7, Global Diamond Exchange reported a possible buyer approached the firm. Global Diamond Exchange reports being in the business of importing polished from Russia into New York, and from company statements two such shipments have been sold since November 2006, and a third was on the way as of January 24, 2007. Global Diamond Exchange is a penny stock (Pink Sheets GBDX.PK.)
Regarding the suitor, "Management will analyze any offer made by this company to determine whether it is viable, and once an offer is made it will be analyzed along with any other competing offers that may materialize in order to maximize shareholder value," according to the statement released by Global Diamond Exchange.
Alex Cherebkov, president of Global Diamond Exchange, said on March 7 through a statement, "Our business model was structured to increase shareholder value through revenues and possible acquisitions. Though this is an unexpected avenue, we are however delighted at the prospect. We are evaluating all options."
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."
save your receipts for a major tax refund after this stink bomb blows up
sib almaz does not have to buy out gbdx, it was GIVEN the company for FREE.
is it a conflict of interest for sib almaz to be in the gbdx offices already taking it over and taking over the board of directors offices? why is this done according to gbdx website/ press releases? Surely there is no way this can be a good thing. NO WAY can they be expected to pay a fair deal if they are able to set their own terms.
if someone was making an offer to buy your house would you let them move in and displace your family before they paid? if someone interviews you for a job would they give you your own office with keys to the building and an interior designer before you even get hired? Does it make any sense why sib almaz is in the gbdx office? Is gbdx a real company or such a lost cause they are desperate to sell it at all and any costs even practically giving it away. I don't think sib almaz has to do anything except pay off the officers of the sinking ship and cash as many blank checks as they can write to themselves hiding behind the gag order. It looks like they merged already if they took over the office. Is this even legal? Just wondering cause it doesnt look it. IN MY humle Onion.
it fizzled probably because of dilution primarily and lack of openness secondarily. Lack of disclosure, gag orders, increases in shares without explanation, all are red flags, not something to celebrate as a good sign "lack of a pump."
The biggest sign of a merger is the way they let sib almaz take over the business before a deal was even struck.
MOving a "suitor" into a companies offices to take it over, before legally doing the "buyout" sounds ridiculous and certainly not fair to shareholders who are sure to get the raw end of the stick. Sounds like a merger or worse (insider monkey business) lots of questions about dual relationships if the company is still in negotiations but lets the suitor take over. Bizarre.
June 11, 2007 - 12:49 PM EST
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Sib Almaz Assumes Management of Global Diamonds' 46th Street Office
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
It takes GBDX webpage over a year and still not post the promised disclosure about Management and Board of Directors (Under Construction now). Also they posted on their website after the first shipment that they would disclose audits and finances and when "When the audits are complete the company will evaluate the merits of another exchange." Unfortunately they have not kept their word, and no disclosure was ever made, not even hiring of an auditor much less sharing information about assets and profits.
The GBDX FAQ says:
"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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It may take a lot of time to make the merger or reverse merger or "theoretically" but not realistically a buyout. But there is no excuse for that sorry state of their lack of up to date info on their website. It really looks like a shabby front for a company, even for the internet. IMO
Even if there is news, you still may get lucky at the.002 s if they decide to further add another half billion shares again like a couple months ago. I am sure it is being used to renovate the office again and build another layer of security traps. And maybe to pay for the retirement benefits of the prior ceo.
a rock solid hearsay rumor. not dd. not that it would matter anyway consider the motivation of why someone would lead others to think that. like a bad poker hand you fake it.
the went from 1 to 1.5 billion shares during the gag which is a money grab that only shows greed and lack of value by the company. Show me a company who buys back shares then we are talking about value. Just the opposite here
see the nevada secretary of state website for evidence of massive dilution on the gbdx filing after the gag order began this winter
i agree. if the company wants it to move up they will pull back on the dilution. they are happy with the price and will keep reeling out more worthless shares by the millions to anyone who bites the bait.
your numbers are ridiculous. Look simply at the 52 week high from 9/22/06 which was .07. That was 7 cents. No one expects this loser to ever come even close to that. Any so called gains you are referring to are really losses if you keep that starting point in mind. The 52 week low of .0015 (2/13/07) is alot closer to the current value than the 52 week high. If you want to tell people that this is a moneymaker because its a very highly gagged stock with wild fluctuations and no proof of value,all I can say is you might get lucky but the overall trend is clear and its not going up.
true dat
how much (more) will they lose if it goes down as much as it has since inception
if enough selling goes thru the ceo will have to increase the os by another half a billion to reel it on home
Looks like dilution. With a supposed takeover date this is the time to get in, no doubt, if you want to be "long" because it wont be that much of a wait to find out if its real or not. But how many times will it be like Lucy pulling away the football from Charlie Brown until people realize that it is going to happen again. This mysterious company and all of its predecessors are all a bunch of big talk and never any big action. AFter they have an excuse when they miss the next deadline just remember that TIME is Money when you lock up your money long term. I think there is possibly another short lived rally before this is all over, but its hard to predict because of the GAG order to hide whats really happenning to the shares. If the company is stealing a ton with dilution then they dont need to make a fake rally. If they are running low on volume then maybe they will allow the price to run up and sell a little bit to trigger their stock on the RED HOT lists and reel in some more people. Those gag orders sure must come in handy. IMO
GLHF
after the vital remodeling they will begin the laborious process of hiring an auditing firm of the financials, whereupon they will pursue the t.b.a. section of the boards biographies on the gbdx website. Then they in all liklihood will complete a reverse merger based on the history of the group which is involved with this. if the price drops its a good sign and you should buy more. if the price goes up its a good sign and you should hold or even buy more. if the price stays the same its a good sign too. If people bash it the it proves that its really worth alot because they wouldn't bash it unless they are trying to buy it too. If no one bashes it it means to buy more. If they increase the shares outstanding by a half a billion its a good sign because they must be increasing their shipments. If they dont announce news its a good sign because they arent trying to pump. If they announce bad news its a good sign because they sell diamonds and who can imagine a diamond company that would lose money or be worth less than half a penny.
Wow - P.T. Barnum would be proud! I cant believe all the logic flung here
doesnt show audit or income as originally suggested which only gives the competition time to step in assuming there is even a desire to join the overregulated and highly tarriffed american market vs east/asia where Russia prefers historically to sell
its not too late to short this one for a 2 bagger
Its too bad that Sib Almaz has nothing to do with Almaz holdings.
I heard there are a lot of rumors because nothing is happening.
seems like the shipments are also not coming . hmm. what seems to be the problem.
atta boy. buy high sell low.
is the reverse merger over yet?
I predict .001 or reverse merger
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Posted by: negger0
In reply to: rajuabju who wrote msg# 45619 Date:6/5/2007 11:15:40 AM
Post #of 45626
.005 - .006 seems to be the range for now...but when Haseltine steps on that plane, i'm expecting .0075 eazily.
Thats not true per the press releases http://biz.yahoo.com/iw/060922/0165861.html
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It is the same people who changed their "business model" and "name" through its "boards affiliation with the diamond industry" so how can you say its not the same people involved?
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http://biz.yahoo.com/iw/060922/0165861.html
NEW YORK, NY--(MARKET WIRE)--Sep 22, 2006 -- Effective immediately, World Wide Cannery and Distribution (Other OTC:WWCD.PK - News) has changed its business model along with its company name. World Wide, through the board members affiliation in the Diamond industry, has joined forces with Global Diamond Exchange (Other OTC:GBDX.PK - News) and has taken on the company name along with a new trading symbol of GBDX and Cusip number 378977102.
Furthermore, the company has opened two new offices in New York City where it will be conducting its wholesale business. The sales office is located at:
Global Diamond Exchange Inc.
The Global Jewelers Building
2 West 46th Street, Suite 704
New York, NY 10036
(212) 221 0910
The company’s administrative office is located in New York City as well, with the address being:
Global Diamond Exchange
Rockefeller Plaza Center - 7th Floor
1320 Avenue of the Americas
New York, NY 10020
(646) 756-2866 - phone
(646) 756-2999 - fax
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in reply to:
Posted by: davidam
In reply to: Tacoz who wrote msg# 44140 Date:5/22/2007 5:47:46 PM
Post #of 44143
because WWCD has nothing to do with this management. Any long that knows this company knows this thought is total BS.
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My posts are IMO
why did the russians leave for 17 years and only stay in ny for 1 year the other time? why wont that happen again?
Why not be even more conservative? A reverse merger like the last time the managment of wwcd created this entity and the stock price goes down like a rock to barely showing up on the fourth decimal place after zero.
I called that phone number and they were not there. Why are you posting misleading information.
I see where you lifted the phone number from though and its a russian website that has no association with GBDX ever.
If it was 7 cents last summer there has to be a reason why the stock is so worthless now. I think most traders know why. And the others who don't should do some DD.