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The Dubai diamond district is presently exporting in excess of $1.2 billion in processed diamonds to other parts of the world. GLOBAL DIAMOND investors will be pleased to know that all of the JV and other partners of GBDX mentioned in prior PR's are also doing business in Dubai at the Almas Tower. They are Rappaport, Alrosa and Krystal.
My DD of the above entities reveal their characters to be of the highest integrety. THIS IS IN DIRECT CONTRAST TO HOW THE DODGE GROUP POSTERS ON IHUB ARE PRESENTING THE SITUATION. GBDX HAS A VALUABLE LICENSE TO EXPORT DIAMONDS TO THE U.S. THIS FITS IN NICELY TO THEIR DUBAI OPERATIONS. GBDX delayed plans to enter the diamond business in the U.S. at the diamond district in NYC because of an ongoing Fed investigation into prior bad people connected to GBDX. To investigate some touters and bashers. Also, to look into the abusive naked shorting. WE ARE NOW BEGINNING TO UNDERSTAND WHY GBDX DOES NOT WANT TO DISCLOSE THE NAMES OF THEIR OFFICERS.
Sorry, DeBeers is the mentor of GLOBAL DIAMOND TENDERS personnel. Not duBeers.
There is a post to the effect that GBDX CEO Sib Almaz has a connection to an entity in Dubai that markets diamonds. I have done DD to determine whether the connection exists. GLOBAL DIAMOND TENDERS markets diamonds in Dubai. The entity is owned by 1 or 2 persons. Each person previously worked for the duBeer family. The company has marketed over $100 million in diamond sales since January 2005. Dubai has become a major global diamond centre. Most of the uncut diamonds come from Africa or Russia. The company operates out of the Almas (Arabic for diamonds) Tower.
I have made several attempts to contact GLOBAL DIAMOND TENDERS by e-mail to determine if there is a connection with Sib Almaz of GBDX. So far, I have not received a reply. THANK YOU DODGE GROUP FOR MAKING THE CONNECTION. I believe we now have the reason why GBDX is going private. Why we can look forward to a T/O.
There is strong evidence to suggest that GBDX has been heavily naked shorted at intervals of time. Even as much as 2 billion shares or more. This makes GBDX much more valuable than the ordinary shell company. Management may decide not to go through with the T/O. This is because of the headaches associated with the Fed investigation. I believe the main issues of the Fed investigation are looking at those who excessively pumped the stock as well as those who bashed the stock for financial gain. Mgt. has control of GBDX. The best alternative we might see is a merger with a private company that has assets that is looking for a shell to go public. Are there any longs out there who might have contact with GBDX or their partners who can suggest this to them? That would work in the present economic climate. Dream about what would happen.
The Dodge group has been on the attack against anyone who is long over a period of 15 months. The daily bashing started about 7/07. The motive can only be for financial gain. I believe there is a lack of PR's because GBDX legal counsel advised them not to release information until the Feds are done with their investigation. Most likely, there has been an ongoing Fed investigation from 7/07 until the present.
Some of the other Russian pinkies and OTC BB companies have not issued PR's in many months. I have no problem with this. I look at these companies as an alternative to big board investing. Look how well NWOL is holding up.
The Dodge group, in their 9/23/08 post, state that Sib is the mastermind behind the naked shorting. This is a good example of the outright lies the Dodge group posts on their message board site that will get them in trouble once Fed enforcement action starts. The bigger lie is that there will be a revocation of GBDX stock.There are people who once posted on IHUB and had valuable DD who stopped because of the intimidation and personal attacks by the Dodge group.
I'm probably nuts. I keep on buying NWOL.
You may be correct that GBDX was auto renewed. The bigger issue is whether there will be a revocation of GBDX. A T/O is more likely with GBDX going private as they state in their last PR's. Another scenario is GBDX being sold to a private concern with assets for restricted stock or R/M. Those scenarios would force a naked short delivery.
NWOL is one of the few companies I own that I don't have to worry much about. It looks to me like the retail investors are bailing out. Northwest oil group is the most likely one picking up these shares. There is a rumor that Willy Wizard posted on his news site that NWOL may be a beneficiary of a Sinopec acquisition. I will post more as I get more information about this.
There is no evidence to support the Dodge group assertion that Sib Almaz has any connection to this group. To the contrary, the Dodge group was formed in 1991, long before Sib took control of GBDX. Only the 9/23/08 Dodge group post mentions a Sib Almaz connection. The Dodge group has been posting about GBDX since 07/07. Dodge group posters assert they are waiting for a revocation of GBDX stock. There is evidence that the management of GBDX is active behind the scene. The web site was renewed. Also, management has been dealing with the naked short problem by incrementally increasing the A/S. Thus, the revocation issue is a big lie. The Dodge group may be waiting for Fed enforcement action when it comes.
We can be sure that the Dodge group will be part of an enforcement action by the Feds once it comes out. There may be some heavy fines. The Feds will sometimes monitor a company for years as it gathers the facts before they strike. The Dodge group posts on their message board mix fact and fiction. Someone needs to do DD on present activities of GBDX. There is at least one poster who is long that has information on Sib Almaz.
The Dodge group came into existence in 1991. They are composed of very sophisticated investors. The Dodge group has been closely monitoring GBDX since 7/02/07. The Dodge group first commented about problems existing with GBDX as early as 7/20/07. There was a SEC subpoena re: GBDX on 7/20/07. It appears that the SEC has continued to monitor GBDX up to the present day. The Dodge group claimed on 1/02/08 that they never shorted this company. The players involved here make for a complicated study. I received my first contact from the group after I posted that the A/S of GBDX were incrementally increased as the naked short position increased. That triggered a reaction. There is no mention of Sib Almaz as having any involvement with the Dodge group until the 9/23/08 message post. The GBDX story will unfold as Federal authorities release information. We may see a P/R that discusses the status of the T/O. I do not think there will be a revocation of the stock.
Dodge group posts claim that Sib Almaz is the mastermind and creator of the Dodge group. The dodge group also claims that Sib set up the offshore accounts to deposit approximately $12 million realized from naked short selling of GBDX stock. I tend not to believe that Sib was the one involved. I don't believe Sib would subject himself to the RICO (racketeering) provisions for syndicated white collar crime. If convicted, the sentences can run as high as 25 years to life. Should Sib allow a revocation of GBDX stock we will know what his intention originally was.
This is what's at stake here. The squeeze trigger price for the Dodge group is about .006/share. There are 1.94 billion shares of GBDX naked shorted. The Dodge group will realize about $12 million should there be a revocation of GBDX stock. This is why there is round the clock monitoring by the Dodge group of IHUB and RB. We do not have the activities of the Russian group.
I do not post on RB. That message board site is controlled by the Dodge group.
Can you post what you know. Does Sib Almaz plan on allowing GBDX to be revoked? If he doesn't, then it will be easier to force a delivery on the shares. What is the latest on the T/O,
The Dodge group not having sellers so they can deliver shares is not our problem. I'm certain this board is being monitored by the Feds. That's why the naked short situation needs to be discussed every day. The Dodge group states that Sib Almaz is the mastermind with the scheme.
That's a good point. Asking for delivery of your shares. We now believe the naked short position could be as high as 2.45 billion shares. The public float being no higher than 400 million shares.
What you have posted only gives us a tiny picture of where the shares of GBDX were naked shorted. Have you looked at the Frankfort exchange transactions. Or other overseas transactions.
I believe the next news we will receive will be an enforcement action by the SEC against the naked shorters if the short position is not covered. There clearly has been no effort to deliver shares.
Good insight. I believe the SEC has thoroughly investigated what happened to the share price of GBDX due to illegal naked shorting. There has been no effort on the part of the Dodge group and Russians to deliver on the shares that were naked shorted. Their intent was to build the naked short position not to cover the short position. I am leaning towards SIB not having any involvement in the scheme. I believe we have not seen a P/R because of the SEC investigation into the naked shorting that took place. All else is secondary.
You are correct. My field of expertise is oil and gas. I was formerly CEO of an independent oil and gas company operating in central Texas. I have since retired.
Willy fell in love with GBDX stock. I have carefully read all Dodge group posts on their message board site going back to November 2007. There is no evidence I read that reveals that Willy received any compensation for touting GBDX. He had contacts that were feeding him less than accurate information which he ran with. WHAT WILLY DID NOT KNOW WAS THE MASSIVE NAKED SHORTING THAT WAS TAKING PLACE AS THE A/S WERE INCREMENTALLY INCREASED. WILLY GUESSED THAT SHORTING WAS TAKING PLACE, NOT WHO WAS DOING IT AND WHAT CIRCUMSTANCES ALLOWED THE NAKED SHORTING TO BECOME SUCH A LARGE NUMBER. WILLY WAS ALSO NOT AWARE THAT THERE WAS A RUSSIAN GROUP WHO WAS ALSO NAKED SHORTING GBDX. IF SIB IS NOT INVOLVED IN THE NAKED SHORTING SCHEME, THEN WE HAVE A CHANCE THAT THE 2 BILLION SHARE NAKED SHORT POSITION WILL HAVE TO BE COVERED IF A P/R AND T/O IS MADE TO THE SHAREHOLDERS. THE SEC IS MAKING PROGRESS TOWARDS FORCING SHORT SELLERS TO DELIVER ON WHAT THEY NAKED SHORTED.
I BELIEVE THE PUBLIC FLOAT TO BE 400 MILLION. THE TOTAL NAKED SHORTS TO BE 2.45 BILLION (RUSSIAN PLUS DODGE GROUP).
I agree. No CEO of a public trading company would subject himself to a long prison sentence by illegal naked shorting of his own stock. I was thinking about this as I was posting information about the Dodge group. Especially in the financial environment we are in.
It does look like the Dodge group falls within the provisions of the naked short selling anti-fraud rules. They will be forced to cover the 2 billion share naked short position that they claim to have. This is how I understood the new naked short provisions when it was first published.
Thank you for the post. I read where the Feds have a no tolerance rule towards illegal naked shorting.
I was initially contacted by the Dodge group. I have no reason to not believe how the group naked shorted GBDX about 2 billion shares. They have a real problem if they do not have Sib Almaz under control as part of the conspiracy. There is no reason for constantly bashing GBDX unless they want shareholders to cash out at these levels. Who was buying hundreds of millions of shares during some of the rallies if not Sib Almaz. I do plan on waiting for events to unfold and not selling any shares I have.
Sib may have no involvement in the naked shorting that the Dodge group did. Further, Sib may have answered the SEC inquiry. Also, he may be proceeding with the T/O as planned. If so, this will create a massive short squeeze of epic proportions as GBDX comes out in the open with a P/R. This is the scenario that I hope to see.
My true colors are that I am a long who would like to see the GBDX investment work. There should be no legal action if Sib is for real and that he plans to take the company private via a T/O. I have no direct words from him that he is the mastermind of the Dodge group. This is what the Dodge group posts say about Sib. I have strongly considered that I am being set up by the Dodge group and other shorties. It still does not add up the massive buying that took place months ago. Who was doing the buying? It makes sense that Sib was buying as shorting was taking place. I am aware that Sib may have no involvement whatsoever in shorting GBDX.
Is it too early to try to get a receiver appointed to take over GBDX?
I understand exactly. Can someone forward me DD on the Russian group that Sib Almaz used to naked short GBDX. The sole asset of GBDX consists of a naked short position in excess of 2 billion shares. GBDX posters need to focus their attention on locating a lawgroup that will take this on a contingency basis. Also, start filing complaints to the SEC and Fed law enforcement agencies.
The next news will be SEC administrative hearings to revoke GBDX status. The Dodge group and others can then claim 100% profit on their naked short position. We have a good paper trail to those who have financially benefited from the fraud.
The exact number of naked shares shorted by the Dodge group is 1,948,911,911. I have yet to get the number of shares naked shorted by Sib Almaz and his Russian group. The Russian naked shorted shares are not part of the 1.94 billion.
Sib Almaz needed a very sophisticated group of players to participate in the scheme of which gave rise to the Dodge group. I will turn over my information to an attorney who represents the interests of GBDX shareholders in a class action lawsuit.
I have all the posts that the Dodge group made for the purpose of defrauding GBDX shareholders money. How the crime was conceived and carried out. I don't have the information on what accounts were set up by SIB to deposit the money from the 1.94 billion in naked short sales. Sib is also involved in using a Russian group to defraud GBDX shareholders.
Should I start posting names of Dodge group people that are bashing GBDX stock on the IHUB board?
This is the Dodge group and SIB Almaz' plan that screws the GBDX shareholders. Working closely with SIB, the Dodge group relentlessly naked shorted GBDX. SIB gets all the credit for being the mastermind. The beauty of SIB's plan is the simplicity. A PR, a fake takeover or buyout, and setting up a fake NY office. During this time, the Dodge group was massively, at will and relentlessly naked shorting the stock via several on and offshore accounts set up by SIB. Since SIB is in control, he has no interest in communication with the SEC re: SEC trading suspension requests. This part of SIB's plan will bring about revocation of the stock.
The Dodge group has 3 shifts working the IHUB board. I have the names of most of those that do post from this group.
Please tell me how I should best use the information that I have on the Dodge group.
GBDX has resumed trading on the gray sheets. We do not know if the SEC is still looking at GBDX. The motive for the heavy shorting/ naked shorting of GBDX is the belief that these people will cash in to a 100% profit if there is a revocation.
I am still in a state of shock after learning how large the short/ naked short position is in GBDX. The company did not increase the A/S to sell more stock. Otherwise, there would have been P/R's and some hype.
WE NOW HAVE THE REASON WHY THE A/S OF GBDX HAS SUBSTANTIALY INCREASED IN INCREMENTS. I believe the management of GBDX is monitoring the short/ naked short position. As the short position increases, the A/S increases. This is so that GBDX mgt. can keep control of the company. The public float has decreased due to buyback of shares. I believe the public float is between 250 million to 400 million.
One group has shorted/naked shorted GBDX 974 million shares. I was told this by someone who knows. What we don't know is what other hedge funds/groups have shorted the company. That number might be as high as 500 million shares. Once there is published data of OTC short positions we will know if the size of the short position is much larger than the 974 million. These people are counting on a revocation of the GBDX status. I believe that many of those who bash this company day and night have some connection to the one group or others who have shorted the company. The transactions would have been done using offshort accounts.
My best estimate is that the public float is somewhere between 250 million to 400 million. The short/ naked short position is somewhere between 1 billion to 1.5 billion shares. What's being traded now is mostly counterfeit shares. I believe the estimates are very conservative. The gray sheets is not the place to be if there is any short covering.
I was told that one group has shorted GBDX almost 1 billion shares. They are counting on the status of GBDX to be revoked. The actual short/ naked short position may well exceed 1 billion shares if others are involved in shorting the stock. This is the sole reason why this company is being bashed day and night. Who would want to cover a 1 billion share short position!
Can someone post listing requirements for the AMEX. Is the share price requirement still $2 a share. The board of NWOL may have authorized a 20:1 R/S. However, that does not mean the company will go through with it. I believe there is a positive P/R forthcoming.
NWOL may be using a different auditor for purpose of completing the audit of their financial statements. The best guess we have for the R/S is an uplisting to the AMEX if it is a R/S. Maybe a forward split. We do not have results disclosed from the Sinopec/NWOL J/V agreement. STRONGUS suggested a 10.8 million naked short position in NWOL.