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I looked that up too and still nothing. Please post info about "diamond certificate" other than on the p.r. from this company gbdx. Thats what the problem is and why the stock price is so low.
Of course if this company is just a store-front for all the big boys in russia, then the things most important to them are to make lots of sales fast and prove that they can do a better job than someone else.
They need credibility to pull those things off.
It does kind of make sense to me that if anyone wants to take the company off the market its the joint partners themselves. The big boys russian government, diamond magnates, miners, and banks that comprise this glorious joint partnership have no reason to want to deal with someone else they dont know (or partly controlled by them?).
Does joint partner mean gbdx has an agreement with them? By buing out GBDX before they even operated much, does the new owner sib almaz have any guarantees that the joint partner wants anything to do with them? Maybe the joint partner will say- we want to pay 1 million dollars and make our own storefront renting out an office space, and hiring various diamond merchants at the market rate.
IF the companies are totally unrelated why do they all keep using the same pr agent livak and the same transfer agent in las vegas first global? There seems to be some level of connection doesnt there. Its just that the people behind the scenes maybe arent changing - based on the little that was disclosed- thats what I was skeptical of.
I did some DD research and I am very new to all this but I am coming over to your view. This kind of thing seems common in pinkies and the burden of proof is on the company to show they are real. The red flags of the many name changes of the company after promises of big things didnt look good. The red flag of the CEO and Sib Almaz and GBDX showing up on not a single search (except for this new stock) was not a good sign. The Rapaport diamond trading news - I saw an article that came out earlier this year and GBDX refused to let them visit the site and were secretive. Now thats all fine and good they can be that way, but the burden of proof to throw away your money- well its on them. Soooo now what. I would buy low and sell high and hope they dont hold their breath too long cause its looking pathetic.
My calculations show they need to move 82 million a year to cover a 1 penny value on the stock, and they dont deserve a high multiple on the value since there can be competition later and they havent proved themselves yet. And if the russians left new york before why wont they leave again. Oh and the vague reference to "we were here 17 years ago" for pete sake could they give you any more specific information that can be verified.
I'm all out for now and I learned my lesson about what goes on in pink land.
On top of my letdown (based on my research) I am really kicking myself because one of my bluechips (makes kitchen appliances) on my radar went up 13% yesterday and I wasnt in. I got out today on the news, and my profit minus the costs was beating my average but nothing to brag about compared to you high rolling pink chasers.
Good luck guys. If you guys hit the motherload I am proud of you all and you deserve it. Just be sure you dont lose your pants. I needed to get out because the more I learned the more I saw this happen over and over and I didnt want to let my greed be conned. I am not a sucker. I at least want a blue chip where we can put their ass in jail if they con you.
I respect both sides opinions and maybe I will be back after I get a Zecco account and I can trade super small and just have more fun with shooting in the dark.
How high does the bidding have to go before the shorts have to pull out or finance the holes? Does that ususally lead to a jump in price when they all pull out?
I wouldnt want to be holding a short today.
siberian diamonds cant be sold to deBeers any more due to EU regulations. see ny times articles .
http://topics.nytimes.com/top/reference/timestopics/organizations/a/alrosa/index.html
published in The New York Times.
Web site: eng.alrosa.ru (English) - www.alrosa.ru (Russian)
Reference Material on AlRosa
This Russian diamond monopoly mines 23 percent of the world's supply from a huge, gaping pit in the tundra of eastern Siberia. The central government in Moscow and the Sakha regional authorities jointly own AlRosa; Aleksei L. Kudrin, Russian minister of finance, is chairman of the board. AlRosa's ties with another power broker in the diamond business, De Beers of South Africa, caused it to run afoul of European Union regulators who say the two companies conspired to keep world diamond prices artificially high. The companies are unwinding their agreement. ANDREW E. KRAMER (NYT)
ARTICLES ABOUT ALROSA http://topics.nytimes.com/top/reference/timestopics/organizations/a/alrosa/index.html
Page: 1 Newest First | Oldest First
BUSINESS/FINANCIAL DESK
World Business Briefing | Africa: South Africa: De Beers To Cut Supplier
By PAUL MELLER (NYT)
European Commission orders De Beers to stop buying rough diamonds from Alrosa of Russia as of 2009 in order to open market to more competition; De Beers accounts for 70 percent of all rough diamonds in world, while Alrosa accounts for 20 percent; De Beers agrees to cooperate and will phase out purchases from Alrosa over next three years
February 23, 2006 Business News
MORE ON ALROSA AND: INTERNATIONAL TRADE AND WORLD MARKET, ANTITRUST ACTIONS AND LAWS, SUITS AND LITIGATION, DIAMONDS, DE BEERS GROUP, EUROPEAN COMMISSION, EUROPE, RUSSIA
URAL ALMAZ - copycat, Competition, or maybe a sister company? http://www.adlgroup.net/adx/Site/Default.asp?WPID=125&NID=1149&L=E
2007-02-27: Leviev to Float Russian Diamond Business
Globes online
Mineweb reports that Lev Leviev has “devised a plan to consolidate his Russian diamond interests, creating a vertically integrated mining, manufacturing, and retailing group which will be sold to investors in a public shareholding offering. No location has been nominated for the IPO - Moscow, London, or Israel, where Leviev himself and his LID Ltd. group are based.”
Leviev’s Moscow representative, Valery Morozov told “Mineweb” that the Russian assets to be combined include a small alluvial mining concern, Uralalmaz ("Ural Diamond"); Ruis Diamonds, Leviev's Moscow manufacturing plant; Kama Kristall, a smaller cutting plant in Perm; and the Moscow Jewelery Factory, which operates at the same premises as Ruis, and retails from there also. He said, “We wish to become more transparent and clear for investors. In the future we can take the company on to a stock exchange, issue debt paper, or involve bank credits.”
Siberia: Holds a Horde of Diamonds http://www.mg.co.za/articlePage.aspx?articleid=285016&area=/insight/insight__international/
Lucie Godeau | Mirny, Russia
26 September 2006 11:36
Agence France-Presse, MIRNY: The eastern Siberian city of Mirny may have only 40,000 inhabitants, but it has something else that long kept it off any map -- the giant Mir diamond mine that is one of Russia's best kept secrets.
..................
But Mirny's broken roads and crumbling houses show how little the town's natural riches have brought it, with the exception of a few colorful buildings that serve as ALROSA's offices and a spa hotel offered by the company.
....................
After the tour of the international mine, mine director Alexander Kisichin proudly calls it "Russia's richest" deposit. But asked how many carats it holds, he only smiles.
"By Russian law, that's a state secret," he says.
They are geniuses. Consignment would be great for the company.
All they need is a profit on the trade to be in business. Then they can sell way way way more regardless of how rich they are. Then they have almost no expenses, with such an expensive product! This is awesome.
It is like selling on a margin account, as long as they stay ahead with a profit it means they can boost their earnings way more with consignment. They are geniuses.
Oiltrader,
When you say the comany has zero cash where did you get that from.
Isnt the "ability to generate up to 1 billion shares" and sell them at the market price, exactly the same thing as the company owning all those shares? I dont understand the distinction.
So according to you the company owns nothing, 0. They just sold the stocks way back when (which were originally issued at much higher than it is now) and so they are 100% cash? That is unless all the cash was used up on their ceo and business venture?
I thought the authorized shares means the company owns the difference between the "common shares" and the total authorized.
I thought that meant that here the company owns the difference between 975 million shares and the 350 million common shares.
If the common shares are the only actual shares that count, what does the company own and how does it have a percent of control of itself.
maybe they can afford to poke around there but alot of companies waste tons of money poking around for a new source- are they getting desperate at debeers?
The company license and position/infrastructure is good but to sib almaz it could be great.
1.)How much can GBDX make a profit on each shipment?
2.) How much can Sib Almaz make a profit on a shipment?
No matter how much GBDX can make on a shipment, Sib Almaz might be able to make almost double that. If sib almaz is cutting out a middle man that is HUGE for them, if they are a jewelery exporter with a base in russia (buying more directly from the mines than GBDX can and having their own cutters or polishers who they pay wages without markup). It would not surprise me if Sib Almaz could make 50% profit off the final sale price. I looked up what they pay at mines and that percent still leaves a large margin for a company like that.
This is why the company is worth alot to Sib Almaz.
The other questions are how much can they sell a month. How often will the finish off a 2 million dollar shipment sale once they are an established wholesale dealer with all the diamond buyers in NY cleared by their accountant and security and able to trade freely with them. Remember, Russia is one of the largest diamond producers and they just lifted export restrictions at the same time South Africa and Debeers (the biggest diamond producer who was 25% of market)are having trouble and announcing they are falling short. USA I assume is one of the biggest countries and a top diamond buyer. There you have it, the physics law of diffusion states that you will hear a giant sucking sound as the diamonds from Russia flood into the streets of new york.
PS most of my other quotes and figures DD were linked on my prior posts.
--------------------------------------------------
Value ChainThe markup on a diamond increases exponentially as it moves down the value chain. Forinstance, in 1981 the $18 billion retail value of diamond sales dwarfed the $2 billion generated in sales of rough diamonds (Ariovich 1985, 234–40).
http://www2.gsb.columbia.edu/journals/files/chazen/Global_Diamond_Industry.pdf
http://64.233.167.104/search?q=cache:wi0l6w27e6cJ:www2.gsb.columbia.edu/journals/files/chazen/Global...
maybe someone has the Alzenhammers-
You can wait and see if you want to be less risky, maybe you can get in there and maybe you will be too late to make money by then. There is your answer, we are buying on speculation of value and not conservative buying or technical buying right now. So thats why its .006.
Breaking .006 means that its a new company that has not shared its true value through audited disclosure of its sales. .006 means they have been in operation for such a short time that its true value can only be extrapolated and compared to other operations. If and when they disclose to the public how much they are worth now and can reasonably be expected to grow, then you will see the jump we are talking about to 10 or 20 cents a share. Without proof, the stock market world is happy at .006. Sib Almaz I am sure is looking at the proof. If Sib Almaz likes the proof, they can pay a fair value- and HOA YEAH they will pay more than todays traders like you are wanting to pay - not because they are crazy but because they are getting an opportunity that is huge, fairly valued, and the evidence will be layed out to them.
If there is not a sale to Sib Almaz, the stock can still rise fast after these happen:
a.) Disclosure of its audit showing its resources or ability to make a profit on the continuous lot sales, that the company claimed it wants to make.
b.) Sharing verifiable information about the company and its ventures.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Does speculation = impossible? No, I mean I have speculated at the casino and won 250,000% on a 1 dollar bet. Thats alot isnt it, much more than 2000%-4000%. I won 2,500$ on a 1$ bet last year on a slot machine. If you want to see big big speculations that can pay off, find penny stocks in devalued companies that can actually function and take off into a highly demanded industry. I see different stocks that make various high % after a long period of flat or losses -- all based on their earning for that particular quarter. Thats all it takes for a stock to rise. It doesnt matter how many 10x 100x 1000x 10000x you go, if the company proves to make money the stock will adjust to the amount it can make. If a stock never proves anything , then fewer and fewer people will buy it. I have only waited 1 week or so on GBDX so maybe Im still naaive.
----------------------------------------------------------
I think everyone should try to calculate what they think the company is worth and they can decide what a share is worth. (Then you can weigh your reward against the risk- risk of no proof of a real business, and risk of competition). I have my own calculations on the companies value, based on the diamond industry, amount traded in russia, amount diamonds in NY, % I think they will make per trade etc. and I may share it maybe, but I would rather not for now. The reason is because I have a limit order that is at a point near what I consider the value of the company and I don't need everyone else lowballing my order so it never sells. But I will tell you that we are nowhere near the value I see, (of course assuming the company is not a fake), and after I sell if ever I will spell out my formula. I tried to lowball the figure, since the idea is to get 70% of my holdings out of the market if it approaches near the value I think its worth and just leave 30% percent of my assets for the fun to see the end of the story.
If there was not a "gag" where would we find out the amount of common shares out?
Is gbdx
company normally supposed to automatically announce it to the public? And if they fail to disclose stuff like that is that considered any kind of a violation?
GBDX website pre-announced the third order wsa est. at 2 million but the inventory is nearly 5x that. Maybe the lift on limits? Why is it so much higher? It seems to be good news but why the difference in numbers. The diamonds were not graded yet when they estimated, and they are pretty high quality in the lot though. Or maybe they lowballed so they would not be accused of lying and manipulating, and they are more action than talk.
------------------------
http://www.globaldiamondex.com/news.php
April 2, 2007 - 9:28 AM EDT
April 2nd - Global Diamond's Next Order Estimated at $2.1 Million In Wholesale Value
Global Diamond Exchange (OTC: GBDX) announced Monday that the next order has been graded and is being shipped over to the United States for sale. Pursuant to the Rappaport Sheets, the leading authority of wholesale diamond prices and demand, it is estimated that the third shipment's wholesale value is US$2,146,000.
------------------------------------
http://www.globaldiamondex.com/inventory.php
1.) When GBDX reduced the number of stocks authorized from 7 billion to 975 million in December 5 statement, I don't understand why the stock didnt take off like crazy right then and there. Doesnt that make the shares worth like 7 times more money? I looked at the historical charts and the share price held steady during that time
2.) When Gbdx "retired" shares in Dec 20 and DEC 27 statements- I take that to mean they bought them back and made them part of company assests, but they are still "common shares."
3.) I assume you can only look at #1 and #2 as AMAZING news for longs. I mean if they were doing both of those moves as a "scam" they sure didnt really work. I am only able to see these as good good signs.
4.) Does anyone who is shorting the stock or who distrusts the company have a view on how that could have been done as a scam? Please look at the prices and news releases and check if the company seems to be trying to unload their stock before it drops, or buy it back before they pump it up. I really dont see it in the charts/news but I want some input. If this is a scam, they did a awful job at it.
Total Capital Stock Authorized 975,000,000
Total Authorized Common Shares: 900,000,000
Total Outstanding Common Shares: 355,054,517
Preferred Class A: 25,000,000
Preferred Class B: 50,000,000
Management intends to utilize preferred shares for acquisition and expansion rather than common stock.
------------------------------
December 5, 2006 - 9:48 AM EST
Global Diamond Exchange Inc. Announces Corporate Stock Restructuring
Global Diamond Exchange Inc. (PINKSHEETS: GBDX) has filed with the Secretary of State of Nevada a restructuring of the corporate stock. When Global Diamond Exchange merged with World Wide Cannery and Distribution, the Authorized Share count was 7 billion shares of Common Stock. It was never Global's intention to have that many shares authorized and management has filed papers lowering that amount to 975 million total shares. The State of Nevada has approved this measure, and it can be viewed on the State of Nevada government website.
The new share structure will break down accordingly: 900 million shares of Common Stock, 25 million shares of Preferred Class A Stock, and 50 million Preferred Class B Stock. Management intends to utilize preferred shares for acquisition and expansion rather than common stock.
Furthermore, company management will look to prevent dilution as a protection for its company and shareholders. Additional share reductions are being examined, and may occur in the near future as the company mulls over retiring some more outstanding common stock.
------------------------------------------------------------
December 20, 2006 - 12:52 PM EST
Global Diamond Exchange Inc. Retires Common Stock, Further Reductions Considered
NEW YORK, NY -- December 20, 2006 -- Global Diamond Exchange Inc. (PINKSHEETS: GBDX) has instructed its transfer agent, First Global Stock Transfer, to retire 88,000,000 shares of the company's common stock. This action will take effect immediately and comes on the heels of the company reducing its Authorized Share count from 7 billion to 975,000,000 shares.
This reduction is part of a continued program to increase shareholder value. Furthermore, additional reduction of the company's common stock is being considered. The company is also going through a transition period right now as it gets ready to move from its temporary office that building management has been kind enough to provide, into its new office on the seventh floor of 2 West 46th Street as the previous tenant has honored its obligation and has left the premises. Management will continue to update its shareholders on the second diamond shipment and further reductions in common stock throughout the holiday season.
--------------------------------------
December 27, 2006 - 11:08 AM EST
Global Diamond Exchange Inc. Retires Additional Common Stock
Global Diamond Exchange Inc. (PINKSHEETS: GBDX) is pleased to announced that it has instructed its transfer agent, First Global Stock Transfer, to retire an additional 15,120,000 shares of the company's common stock. This will bring the total of Outstanding Shares to 361,554,517. Global Diamond Exchange expects further reductions in the coming weeks and will announce reductions as they occur.
washington post article: Future of Russia’s Diamond Exports Shines Brightly
http://www.washingtonpost.com/wp-adv/specialsale/spotlight/russia07/diamond.html
people on some gbdx boards have made accusations that the first global transfer agents are frauds so the gbdx stock must be a fraud. They cited this cmkm cmkx stock as one that was proof of them being a scam company and everything they do must also be a scam. Did that company share in the scam or were they just an agency that did the service they were paid to do. Is that global transfer company huge or mainly just run by bagley and a few associates.
I am a real person and not a fake id by a past poster.
I believe in being cautious and if there are legitimate opportunities then hell yea try and make some money- thats the reason for the market- to leverage businesses to success not to destroy a business.
I ask questions on both sides of the debate and form opinions based on the most recent information. This is what I thought the boards were for. If some of my questions or theories will scare people about the stock, and hurt me because I own it, well maybe a better way of looking at it is that they will be more realistic about the risks involved. I hate salespeople who always say only good things and don't tell you the pros and cons of a certain item, to me that is an opinion I dont trust.
I am not a pro. I like to apply logic and play the game. I am only using the money here that I would have lost in a casino and not got a tax break on.
How do you know the identity of the posters?
Because its Good to Go. Thats why it could be better than 1.5 cents that you think.
Who really knows. But assuming this company does what it is set up to do at this exact moment, not in some far off future moment, but right here and now, that is what makes this a better bet than the 99% companies that are promising stuff. The company is GOOD TO GO. If you believe they are not lying about everything, it is reasonable to believe the company is worth alot more than the stock, not just 1.5 cents. The question about selling is another story, since the company may really prove to be alot more valuable if they dont sell out-- its a question of whether the directors want to take an early retirement or work for more money.
The only way I could see this selling out and selling out as low as you suggest is if there is some behind the scenes illegal agreements and bribes and stuff like that, since this company could move alot of russian diamonds to usa - and being one of the first to do so, they will get the cheapest prices in the russia ends; and since debeers is having supply problems in south africa now and shortages, then gbdx will get a premium demand on the sale end. I am happy with the chances even with no buyout, and will buy up big time if the price sinks alot if that happens. The only thing I am afraid of is that if proof of the audits dont turn up then I will wonder about the smoke and mirrors theories.
I am no expert on stocks. I only began in March. But I have looked at lots of companies and every time the value of the stock explodes or implodes based on the proof of earnings disclosures. For that reason, the audit from this company for the first few diamond trades, assets, and operating expenses will potentially pop this stock way past the 1-2 penny level you are talking about.
Thats the fact jack. IMO.
And how do you know if they own them. And Even if it is an asset maybe they took a loan to buy it.
the math has problems on both sides of the equation.
The value of a store is not equal to the items in its inventory. Some places make a small profit on their inventory. Some places sell on a consignment basis. Some places have very high turnover, others very slow. So its ridiculous to come up with estimates that way on the stock value.
All you can say is that if they are moving inventories, they are announcing they are in business which is good news- and would be a lot gooder if we get more proof that they are taking care of bidnis.
I asked that question too and someone here answered me---. Part of the problem is this: the GBDX owns alot of the shares, I think maybe 65% of shares were not released. So if the company starts buying the 35% from people like you and me, and keeps buying and buying and buying, well they may in the end wind up running up the price so ridiculously high it was even above 1$ a share because thats supply and demand. And after all that, the GBDX still owns a majority and so the buyout company could overpay and still be unable to take over the company. So if alot of people sit on their shares and refuse to sell until it hits what they believe the company is worth, no one can buy all the shares at the current price.
------------------------
Total Capital Stock Authorized 975,000,000
Total Authorized Common Shares: 900,000,000
Total Outstanding Common Shares: 355,054,517
Preferred Class A: 25,000,000
Preferred Class B: 50,000,000
Management intends to utilize preferred shares for acquisition and expansion rather than common stock.
-----------------------------------------------------------Posted by: braghest
In reply to: h2omd0 who wrote msg# 39733 Date:4/21/2007 2:46:34 PM
Post #of 39765
No one knows what the deal is. However I see people talking about 0.05-0.07 are out of their minds. Ask yourself hard questions, why would any company pay 0.05 for this stock when they can buy all shares below 0.01. I also believe the transaction would involve the company take most the cash and pay some to retire the shares, most likely the buyout price is max 0.015-0.02. I would be shocked if they pay more, most money will be paid in cash. Don't get carried away, ask yourself why would people short the stock even at these levels if the buyout price is 0.05 !
good luck
http://diamondworld.net/newsroom/news.asp?newsid=1022
De Beers warns of supply constraints
The challenges appear to be intensifying in SA
Newsroom : 2007 : 4 : International News
Author: Diamond World News Service
Updated On: 4/19/2007
Home :: Newsroom :: 2007 :: 4 :: De Beers warns ...
De Beers, the world’s largest diamond supplier, is being increasingly constrained by supply shortages and political demands in southern Africa.
In a recent letter to clients, De Beers’ Diamond Trading Company (DTC) warned of reduced supplies, notably in South Africa, as a result of increasing pressure from other producing countries to supply their own local industries.
It also warned clients in South Africa that supply of better quality 2 carats and larger goods will be constrained by De Beers’ relatively limited production of this range size, which it said is “substantially” below the current purchases by South African-based clients, or sightholders.
In the inventory, there are alot of cushion cuts, like a million dollars or so, maybe they can hold off on so many of the cushion cuts. They are not popular. I dont see any jewelers around here selling them- They are considered too outdated.
Well it shows they sold some of them at least thats something.
--------------------------------------------------
http://www.loveanddiamonds.com/learn/diamond-shapes.html
---------------------------------------------------------
Cushion Cut
The cushion cut was one of the most popular cuts of diamonds ever (was used mostly from 1830 to the turn of the century). The cushion cut (or “pillow cut”) has an open culet and a rectangular to square shape with rounded corners and a facet plan to give the diamond depth.
The open culet, means the presence of the culet (the bottom of the diamond) as a facet.In modern cuts it is a flaw, resulting in the image of a “hole” in the gem at a close look. However, for old cut types it's a quality and it's one of the charms of an antique diamond.
The cushion cut was designed for candle light. This is quite different from today's diamonds which are cut for brighter electric light. The beauty of a cushion cut lies in the depth of the diamond. Most quality cushion cut diamonds are found only on the antique and estate market.
Well I can understand why it might take a while.
If you sell your house and are in a hurry, even if you get an amazing offer, you cant close if the guy can't prove that he can pay you. They need to work out how they are gonna pay.
They could be negotiating the price based on statistical projections and auditing etc. Although you might think it would be easy to produce it since they hardly did anything yet. Based on how long it took me to do my taxes, and keep fixing the mistakes I made, and fixing the mistakes that my mistakes made, I can see that their finances and dotting the paperwork could take a little time.
Both sides probably are sitting in their war rooms arguing if they should fight for a better deal or accept it. The more money involved, the more people are probably involved in the decision.
Like even if they both plan to go through with it, there can be some time built in just so they have that "illusion" that they
are trying to get permission to accept an offer,
like car dealers do when they talk in the back to their boss. Some of that is to make them look like they are not too eager to overpay or undersell.
-----------
But time is money so sell the damn thing and give me some monies please.
h2omd0 said:
"with my opinion and $3 you can buy coffee at starbucks."
----------------------------------------------------
Yea, but with 3$ a share, I could buy starbucks.
The question is why would they let this 1 company have the only rights to the market as opposed to try to get more licenses. What makes GBDX so special, to get this license. I dont really even understand if usa or russia or both gave it to them.
Can Sib Almaz just say screw you and try to copy off what GBDX is starting up here.
I said Oracle is my favorite stock. Before I made the most money on it of stocks I bought last month (mostly in the first week I made 10%) and I only get positive news about it in the news thingy- with tons of upgrades by all the analysts. I picked it by using morningstar rating, and 2 free ratings that came with scottrade (reuters and standard&poors) using their screener. This came across as the only single stock that had the highest recommendation by all three of those major analysts. I have yet to hear anything bad in the news about it, and so I assume it will keep making money based on the value of the company and the "wide moat" and low risk high reward etc etc etc.
----------------------------------------------------
I posted how I came upon GBDX, it was because I bought a diamond ring and while I was trying to read if diamonds are going up or down in value vs. past years I came across the stock and became interested in putting down a stake.
-------------------------------------------------
Posted by: breakthebank1
In reply to: Tacoz who wrote msg# 39435 Date:4/20/2007 5:33:22 AM
Post #of 39662
GOOD MORNING ALL, [longs], it seems its an old building sign, The building management put Globals name on there , and space below 704 was probably the last tenants names that were removed. They can always get a new one if they desire, it wasnt easy getting that pic for us to see. Question for you Tacoz, you say you dont know much, your fav. stock is oracle , you are born 2 days ago----HOW did you find GBDX and what made you start playing pinks and gbdx now. BREAK
"Almaz" apparently means diamond in russian. Sib maybe is "Siberian" I would not assume all the websites that say Almaz are related to the bidder taking in account what the word means.
What is in that space under the Room Number? (On the pictures of the office door)-
If it is a picture of something its really ugly. Is it a mirror or window? Some kind of mail slot? Slots for identification? Name plates?
Its hard for me to tell what it is.
If this company becomes the first portal for russia to sell here its possible the company could be profitable. I want to see the audits and disclosures. Or the board of directors. Or just some more money.
--------------------
$1.95 million market cap
$9.5 million inventory.
does not compute. does not compute. does not compute
-------------------------------------
is market cap. supposed to reflect the gross sales price or based on the revenue and ability to make more revenue? The inventory could have a loan attached with it equal to only a modest markup after the sale.
You are probably right that they would not buy the diamonds if they are a jeweler. However they do learn about major industry news and if their suppliers deal with them maybe they can share info.
From the look of the inventory page it almost appears they are selling off very small numbers of diamonds rather than a "lot" of hundreds or thousands at a time. That is what made me think they were dealing on a smaller level.
I want to ask my neighborhood jeweler maybe during the weekend or next week about if he heard about this place yet. He calls NY alot when he looks for diamonds to meet a customers interests. I wonder if he heard about this place or even plans to trade from them. It is a well established family run jewelery shop that I went to (started 50 years ago) so I trust his input.
I wonder if any of you other guys can ask jewelers in the know that are near you. Basically I want to know if there is any buzz since they are listing their inventory now.
So to sum up what I learned in 1 day (and there is no way in hell I am going to read all the old posts without even a search option):
1.) If this company does what it says on its website and filings then it is in an amazing position. Even a legitimate business is no guarantee of making a profit but it sounds like they are just the front end of a major diamond operation.
2.) Some people who lost money after the exhuberance caused in the past public relations releases are bitter, don't trust the company, and want people to know they are mad about it and feel the company is taking advantage of suckers.
3.) If you strongly believe one or the other opinion, its not that hard to explain any new information as proving your point or just a crock of b.s. It is kind of hard to really use logic about the value of a company based on its news if you think they are lying outright. If they are not lying then this seems like very worthwhile prospecting.
4.) Going back to my earliest question- assuming it is a legit. company and not making up stuff before it dies off, then is there some kind of guarantee that the general shareholders don't get screwed with a bad deal buyoff below our share prices. The answers I heard were:
4 A.) It will sell at the actual value of the company including all its assets and position in the industry.
4 B.) Oil trader talked about splits or some other lingo I didnt really understand but he made a case that even in a sell out the shareholders get screwed (I tried to understand the basis of that position - maybe he thinks its because the company knows its worthless, or maybe he thinks because its a pinksheets off the book company and they can just do whatever they want to make money like when someone goes bankrupt but runs off with all the money they owe their debtors).