Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Plus the company hasn't followed through on other promises, like the Board of Directors, audits, etc. It's no wonder nobody is believing the buyout story. I'm just hoping they realized they didn't want to be a public company months ago and therefore started looking for a suitor. That might explain why they didn't care about naming the BOD, etc.
Pardon my ignorance, but who's this Gredenko guy I keep hearing about?
I felt that way too. Watching it go up and up was making me sick. But when everybody is telling each other how much they love each other, well, that's the time it starts to tank. I'm not shocked that it closed in the red today..
it would be nice to get this puppy above 1 cent and have it stay there. That would be the signal to me that this thing really has turned around.
Lotta money going into BHUB...it's like a giant sucking sound. This could hurt us short term until people start taking profits, then it could really help us fly.
The sad thing is that his 200 million shares are only worth 100K right now...
I already think it's lucrative, could get astounding...
Good point. I missed that; well I've been in since last year so maybe I'll get a dividend too.
I would think the payout date just means the date they will tender the shares for cash. I never read into it more then that.
The GBDX chart looks mighty sweet. I'm glad PennyTA showed up with his post. Hopefully this starts to get some TA love. I'll be shocked if we don't make a summit attempt on the 1 cent range this week, with or without news.
Like,
"With so many diamonds in the N ... Y ... C,
It's kinda hard be Ronnie with a single Deeeeeeeeeee"
Yes, I agree that the ICON link is a real safety net on this one. Also the fact that DANS has existed for over 100 years and that you can buy their products at WalMart should make everyone feel comfortable that this isn't your typical Pink sheet company.
Thanks Caly, I read all the posts over on the SI thread. It looks like there are only 5 people in the whole world looking at this stock right now.
I couldn't tell a scam from a whole in the ground... sometimes it's more important to just get in first, if you know what I mean. Hopefully this is like you said, flying under the radar now. I'm Hoping for more validation soon. I do like the board member addition -- the guy from Hyundai...that's a big plus on the legit side.
That's exactly what I was thinking. It's like what happened in the last four years with this product...after it sounded so promising?
Here's an old article about Taggertrap
www.nograffiti.com/grafnews/20030213TaggerTrapReuters.htm
You are correct. That number was the last available count from the TA.
The reduced their authorized shares to that number. The O/S is in the mid 350 million range.
True, maybe a delayed effect
I guess anytime a good PR comes out and the stock falls that's about the biggest red flag I can think of...
It seems like all these mother of short squeezes fall flat...it's usually the company dumping the shares...jmo of course. I think if you find a stock where nobody is talking about evil shorters then you probably have a winner.
Just stumbled upon this one. Looks too good to be true. Audited financials will go a long way in helping this stock price. I guess we shouldn't be surprised at the downtrend of this stock at this juncture. This thread only has 5 marks and others like raging bull have nobody talking about it. It's good to see the volume drying up. Looks like a safe time to finally buy. Just wondering if this stock is for real...the deal with Samsung looks impressive. I might just wait to see if they get the audit done first.
Boli, does it exist? The suspense has been killing me!
Does anybody know how difficult it is to get a diamond export license in Russia? That would give a good idea of how much it's worth. I don't know if GBDX ever PR'd having an export license, but I would assume they have one. Also since they lifted quota's I'm hoping they didn't liberalize the granting of licenses.
As you can see this has been a sore issue from early on. In one their first PR's they mentioned the address on the wholesale office, and so some investor sent over their son to check it out. What he reported was that GBDX wasn't at the location, and that a different business occupied the suite. The person told the truth at the time but it was misleading. This made GBDX look like a scam and caused a sell off. Later we found out that GBDX was in a different temporary suite waiting for the existing tenant to get evicted from the premise. We've had people call the owners of the building to verify the 5 year lease, and we've had people call other companies adjacent to the GBDX suite to verify things are as they seem. I think by now most people have gotten over it and feel comfortable that GBDX has a lease and are finally moving into the correct suite.
Another piece of the puzzle is "Goodwill". Does the GBDX CEO have a lot of contacts in NY? like maybe he will stay on with the private entity, etc. That could make the purchase price greater IMO. Does GBDX have any other operations? We don't know. They haven't been transparent about much of what they do so we have no idea.
Also David, I think in a earlier PR that any negotiated price would have to be acceptable to the owners of GBDX...and that's basically you and Ronnie, and maybe TAKI if he still owns a bundle (LOL). If they negotiate a crap price then shareholders can reject it. We are the owners of GBDX! Sometimes it's easy to forget that.
Would a buyout really cause a short squeeze? I would think they would just have to pay the price of the buyout for their naked shares.
Yes he was talking about an individual in the PR, not a company. I took it to mean Turino(sp) as well. There had been a lot of bashing about his connection to GBDX.
I like this line from the PR "nor in our estimation do they need to be in the capital markets". That means they have enough money for the deal!
i bought some shares there as well
Ronnie, did you have any more diamond dreams lately? I'm hoping we get at least 7 cents per share. I'm glad the CEO leaked it out that the company wants to take GBDX private and that they don't need to raise money in the capital markets. That to me means they have a lot of money so their finances won't be an issue.
I think being a pink maybe even worse for them, after all the scams we've been seeing lately. I don't think they ever understood how people view those types of stocks.
ya, i heard that too. But also we can choose a cash or diamond payout! :)
I've been it for a long time too and agree with you. If they were a scam they would be telling us about a shipment coming every week, etc. Everything they ever PR'd seemed reasonable to me. I just think we needed more details. They seemed like they really were a private company operating in the public market.
I think it's that Turino (sp) guy that owned the shell?
I think they really failed on the public relations front...don't think they will miss us complaining all the time, having to answer questions like can I see the diamonds, where's the BOD, etc.
It's got to be getting real close. At least now we know it's a buyout, which I think we all wanted. I don't blame Global from wanting to get out of the public sector.
from who?
I wonder if there is a large short position in the stock? If so I wonder what would happen if there were a legitimate tender offer? Would that cause a buying panic that would cause a spike past the tender price? This company is dirt cheap. Even a modest 10 million dollar offer would bring a big return to existing shareholders.
Looks like the suitor wants to take the company private...who could blame them for all the sheot they've been going through.
I used to believe you couldn't "polish a turd", but now I'm wondering...