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bummer you didn't get involved with me. I'm out early here but its .25 now. Shame you let your pride on your pump and dump GBDX get to you. i hope you sold in that pump runnup as the game is over there, but ii doubt you did. You are one of the pie in the skyers.
good call on this one TAKI. Its up 6 X from where you recommended a short sale.
FYI, I've been a seller as of late. Its a shame you didn't follow me. You could have purchased this one at .02
No I've been selling as of late. I hope you learned something.
I hope you watched this one and learned something.
Looks like this one was a scam all along
Realistically it looks like any so called takeover has fallen through. Someone is trying to get out before the masses. I beleive we'll see an updated SEC filing within a few days announcing the suiter is no longer interested. It would be the logical end to this play and it would make sense based on todays trading.
Looks like this issue has totally broken its back. I wanted to play this one but the momentum is so bad I am going to stay away until .0025.
Shares outstanding.
does anyone know for me the total shares outstanding? I would like to know. Yes, I'd like to invest here. How's an analogy for you...
"I am going to open a diamond store. Come here, give me $50k investment but I'm not going to tell you how much of the company you own. In fact, I'm not going to tell you how many other investors have given me $50k, you'll just have to wait, because I'm going to make you rich. How rich? I'm not going to tell you until I finally burn through your money and need to move onto a new venture."
How Rich will you be off GBDX? Infinitely close to $0.
Frankie_fillet, I would like to see those numbers also. The outstanding shares. Unfortunately calls placed to the transfer agent are answered this way "The company has told us not to divulge that information".
Hmmm... I wonder why? It doesn't take a detective to understand the share count is likely ballooooooooooooning! This pucker is ready to pop!
NRA Member, its unfortunate that your logic is way off. Please let me take a moment to correct you.
There is never a cash takeover AND a reverse merger. Its either or. A cash takeover exchanges all your shares for cash, end of game. There will not be a cash takeover let alone for $20,000,000. After all, a supposive buyer can be in the public market now buying all the 355 million shares for under .007 or $2 million. Do you think they are that stupid to pay 10 times what they could in the public market? We've been through all this before. Simply put, its not gonna happen. The only buying going on in the public markets are individual investors like you buying shares from the insiders or MM naked shorting.
which brings us to another point. MM are the most informed investors in the market. Why are they shorting a stock so far below its supposive takeout price?? Why are they setting themselves up for a real battering?? The answer is, they know like I do that no takeover will happen. They know its a pump and dump game and they are playing it for their own profit. This explains the line of market makers willing to sell unlimited shares at .007 and below for 3 - 4 months past.
There really is no real buyer who wants to take this compnay private. Its all a smoke screen. An easier way to accomplish what GBDX has is to bribe the Russian Gov't and get their own export license. After all, how did GBDX get their license if its so difficult to get one. GBDX isn't even a Russian company!! Yet the Russian gov't won't help a russian company do the same?? Don't be naive.
Of course. Read the supposived SEC filings very carefully. Read them with an objective open mind. Pretend you don't own the stock and aren't hoping for a takeover for $1. Read every word very carefully and objectively and only one conclusion can be made...
The SEC filings take you in circles and in the end say absolutely nothing but maybe something will happen.
The next filing will say "unfortunately the company and its suitor could not come to agreeable terms and no transaction will be consummated. GBDX is delighted to remain a public company and looks forward to creating shareholder value" .. yea right.
All this after ample time has passed for insiders to sell millions upon millions of new shares to the public, of course.
NRA Member, yes, the reverse split will occur concurrently with the big merger you have been waiting for. According to most of the believers here, my guess is...
1-2 weeks haha
abfl9542, its not difficult. Virtually zero pink sheet stocks get bought out for cash, zero. Any transaction on a pink sheet stock is virtually 100% of the time a reverse merger. Pink sheet stocks are not vehicles for stockholders, they are vehicles for insiders to garner excitment about the stock, issue themselves boatloads of shares, sell them onto the market, eventually when the equity is destroyed with billions of shares outstanding, they exit the so-called business they are in, do a reverse merger with a new private company which leaves the existing common shareholdesr with 5% of the new company (and 5% of their original investment) and then start the process all over again under a new name.
Ever happen to you before?? Its happened to 90% of those who own GBDX, yet they come back for more. Its either the thrill of the 1,000,000 to 1 gamble, or more likely, pure stupidity.
Jetlaghokie, the answer is they are not going to sell the company. Any transaction is most likely a reverse merger preceeded by a reverse split. The insiders aren't making money on any kind of takeover. They are making their money by issuing themselves boatloads of new shares and selling them onto the public market to guys like you.
InYouWin, they are naked short selling because the reverse merger ahead will be preceeded by a reverse split and all current equity will be wiped out with the exception of about 5%. The MMs know what the shot is here, do you? They have been short selling this one since february.
Looks like this one has run totally out of firepower. I'm looking for lower prices ahead. Sooner or later .004 support will break.
New shares have been coming onto the market. Volume has increased substantially over the last 2 months while the price has dropped. That is a clear indication that insiders are issuing new shares and bloating the public float or MM are naked shorting. Either way, the float on this one is well over 1 billion shares, probably 2 billion by now.
It looks like this one is still just waiting and waiting and waiting on a reverse merger preceeded by a reverse split. I think .0025 is definitely still in the cards. Where is the news that the takeover leaders here have been promising for months??
It appears more and more that they have been spoon fed information as part of a hoodwinking and fleecing of investors pockets on this issue. The companies paid promotors really have done their job thus far.
Recent stock action tells a different story than what is being pushed here. It looks more like any transaction will be a reverse merger preceeded by a reverse stock split resulting in decimation of existing common stock equity.
In addition there has been alot of chatter about the inventory sales. The concensus already has it that the inventory on their website is not their own but has been consigned to them for sale. Its logical to then infer that they are not the only ones selling these diamonds and when you see "SOLD" on their website, it does not necessarily mean GBDX is the one who sold the diamond. It probably means simply that the diamond GBDX had listed for sale is not longer for sale as someone has sold it.
You don't see any press releases about GBDX and their diamond sales because its not likely all the SOLD signs are theirs to claim.
TGTL2005, who is your source. Unless you are willing to state where its coming from, its meaningless. Stop posting it to pursuade greenhorns to buy this stock so you can dump to them. You have posted that number over and over every chance you get. You are among the 3-4 board takeover leaders hurting people with your continued unsubstantiated posts of a $45 million dollar takover on a stock with a $1.8 million market cap.
That sounds familiar loganwolverine. Oh wait, that is what I have been saying for 3 months now, except paraphrased in your own words. Good job. You have finally seen the light before its too late. Who is next? Anyone else willing to open their mind? Or are you all still looking to keep those helmuts strapped on while you run head first into a ram?
I am trying to stay away but am having a hard time when I read things like this... keep in mind the secret to a successful pump is not to have THE COMPANY putting out the false and misleading information. They pay promotors to do that. All the information you guys received from your board takeover leaders has come from these paid promotors as supposivedly inside information which is being filtered out by the company. The comany does not want you to know they are hoodwinking you or else you wouldn't buy. The key to a good hoodwinking is to have guys like you beleive you are privy to information others aren't. Its worked like a charm here based on what I read below.
TGTL2005
Why Basher are wrong !
If GBDX would have the intention to pump the pps they would have act completely differently.
They never give crazy numbers or expectations, they rather have say "Keep calm, we are working, lawyers are making the paper work, etc.."
It's easy for a company to play games to "hype" is share !
AURC is playing that game, but not GBDX.
I'm optimistic we will see the light at the end of the tunnel.
shouldasold you shouldasold. I am afraid you are wrong. Its only a buying opportunity the first 5 times it holds new lows. This time is breaks.
As my local grocer says during the weekly pear throwing contest, watch your head down there!
Reversion to the mean begins. This stock has held up at the prices too long due to the company press releases pushing buyers into the stock at artificially high levels. Its time for this issue to revert to its mean. We have spend almost 2 months in the .005-.006 level and its apparant that we are about to break that. With all the new greenhorns who were hoodwinked by takeout leaders of this board buying this issue over .007 on that last run to .009, we'll easily see this one break new lows into the .003s soon.
I have make my warnings to those who own this stock and hopefully it has helped a few to avoid losing money or keep others from entering this one in the first place. I'll be watching this one enter the .003s with an eye on possibly trading it from .0015 when it gets there for a bounce to .002 because I know it will bounce from that level as many of you will be attempting to average down there at that point, because that is what greenhorns do when their stock drops.
ahhh the Price!!
Ohhh the price, not often attacked, the price. Where did we get the price?? What was it?? .10 cents .07 cents sometimes .05 cents, other times .50 cents. Yes, where did we get the price?? Did the company ever mention any price?? Oh no, I do not see price in any of those PRs you always grab at. No mention of price. So where did we ever get that .07 cent price?? Where and when did that price that is so accepted as Gods word come from?? Everyone has just accepted that .07 cent price. Its natural, we don't want to ask about what we hope for. And we don't want to ask about what we know in our hearts is too good to be true.
Can someone tell me where we got the price from?? Unless someone can, I guess I'll be forced to assume what is most obvious...
Paid promotors snuck in a price to our board takeover leaders and hoodwinked them. Our takeover leaders then spread the word, all knowing, until the myth grew and grew and became a fact.
So what is it guys? The price. Is it inside information guys? Or is it a hoodwinking and fleecing?
negger0, you wrote what follows below in bold. It looks to me like the company was unhappy with its latest failed attempt to pump this stock. What to do now?? Lets pay some promotors. WillyWizard gets another payday for his paid promotion. He sends out his latest email update. ChaChing. I wonder how the company is paying Willy? Are they paying him with their much needed cash if they have any?? More likely good Willy is being paid in stock. I wonder how many of those 2,500,000 shares he actually purchased in the open market and how many were given to him by the company for paid promotion compensation. By the way, everytime they pay someone in stock your 365,000,000 shares outstanding are increased. I would like to know how much it has increased by now, but the company told the transfer agent not to tell us. Willy's disclaimer on how he is being paid by GBDX to send you guys those emails follows your words in bold negger0.
Received an email from Willy Wizard -->
GBDX
Bottom Feeder Alert!
News today indicated the buyout was moving forward as planned. I am personally glad this company isn?t trying to pump the share price. The company seems focused on the completion of this buyout process. We have to understand many things need to be done to allow a smooth buyout transition for Global to become a private company. It looks like both entities are going by the book. Making any mistakes at this time is not acceptable to them which I like. I would guess next week could be an exciting week, only a guess. I continue to hold 2,648,300 shares.
I continue to be baffled why what should be rational people lean on to make their investment decisions. The moderators of this board all received what they deem to be inside information from paid promotors like WillyWally.
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Just the facts Jack... ..... these are only but a few of the facts that my time allows me to jot down.
- GBDX will not tell us how many shares are outstanding. Calls to the TA confirm the company told them not to release that info. Possible explanation - The company puts out a "legally" true (any expression of interest whether realistic or not can account for this press release) SEC filing to coincide with their gagging of the TA to give the appearance the TA gagging and takeover are related when all they want to do is dump shares on the open market without you knowing. It would be interesting to know if Attorney Hastlehawk is being paid for his services in GBDX stock, which, incidentally may have already made its way into your accounts after being sold to you. Does GBDX have any cash to pay for his services?? They won't tell us, but a hint lies in the fact that Alex cannot even pay himself cash and has publically announced his pay is in stock. Oh, perhaps those shares are also in your accounts by now.
- GBDX never tells us how much cash they have. How are they paying for these diamonds and who owns the diamonds showing on their website?? possible explanation - GBDX has no cash and any diamond they sell is loaned to them. No assets = No value.
- GBDX has mysterious inventory for sale with no explanations.
- GBDX never tell us how much profit they are making if any on these so called 'wholesale' sales.
- GBDX teases and tantilizes with words like "suitor" "merger/buyout" "record and pay dates", but give no hard facts because there are none. Careful read of their press releases reveales marvelous writing which is carefully crafted to have all the buzz words without saying anything.
- GBDX pays promotors to push the stock. Why does a company being purchased need to promote its stock activiely? Only one example is willywizard.com .. here to is willywizard's disclaimer on how they are being paid to push this stock...
b>Readers Caution: This website (WillyWizard.com) does contain paid advertisement. All company profiles should be considered paid advertisement (unless otherwise noted) on behalf of the Companies or IR Firms whose articles and/or information appear herein and may not be construed as investment advice. All articles, notices, and other information contained herein concerning a Company(s) is a paid advertisement by such Company(s) or IR Firm(s), which has retained the Publisher to produce this advertisement. No analysis has been made by the Publisher of the financial position, condition, business, and other factors about the Company(s), which may appear in the advertisements contained herein. All information about the Company(s) contained herein has been furnished by the respective Company(s) or IR Firm(s), and the Publisher has not made any independent verification of any of such information. The information contained herein is based upon sources, which may be consider reliable but is not guaranteed by WillyWizard.com L.L.C. or officers, directors, employees or any affiliated parties. Any sales and/or earnings forecasts were obtained by and/or from audited financials and/or news releases and unless otherwise stated are not endorsed by the management of the company which is the subject matter of this advertisement. The Publisher, therefore, makes no guarantee as to the reliability of such information. Statements in this publication are made as of the date stated and are subject to change without notice. The advertisements are not a solicitation to purchase, hold, or dispose of shares warrants or options of an advertising Company(s) or IR Firm(s). Readers should consult with their own independent tax, business and financial advisors with respect to any investment opportunity, including any contemplated investment in the advertised Company(s). All information concerning a Company advertising herein and contained in this website should be verified independently with such company and an independent securities analyst. The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this advertisement have been compensated by the Companies or IR Firm(s) advertising herein, which compensation may include shares of stock in the Company. This compensation should be viewed as a potential conflict of interest. Furthermore, WillyWizard.com L.L.C. or any parent company, employees, associates, or affiliates and families may have financial positions in profiled companies. The Publisher will therefore benefit from any increase in share price as to the stock of any Company(s) or IR Firm(s) advertising herein which is held by the Publisher. The Publisher may increase or decrease its ownership interest in the Company at any time before, during or after the distribution of this advertisement. We may profit in the event the shares of the Company profiled by us increase in value. These positions may be liquidated from time to time even after we have made positive comments regarding the Company. All current compensation is listed in the main disclaimer within this web site. The main web site disclaimer overrides any typo or mistakes that might be made in individual company profiles.
- GBDX pays a IR firm to push its stock (The owner of this firm was sanctioned by the SEC in the past).. http://www.fortuneir.com/GBDX/PR2006-11-15.htm this is where most of the false and pump information is coming from as its fed to board moderators who think they have inside information on a buyout.
- GBDX has traded billions of shares since the first announcement that they have a "suitor" to merge/buyout them. The next stock gain since that first press release on 2/23 is zero percent. Who is selling all the shares that you are buying?
- GBDX is quoted on the pink sheets and thus can essentially say whatever they want and get away with it.
- GBDX is a master as orchestrating press released to keep "hopes" alive as shares continue to trade by the millions daily in the public markets without any corresponding rise in the stock price.
- GBDX is bidding .005 with market makers (the most informed investors on wall street) offering shares all you want at .0055 and .006 at the same time paid promotors are spreading rumors to you about buyouts at 10-20 times the current price.
truthhub, that is incorrect. It is possible but difficult to get a companies securities removed from quotation on the pinks. This is the problem the so called suitor is having, trying to get market makers to stop quoting the securities after a potential merger. This statement in the press release is the dead giveaway of a reverse merger (preceeded by a reverse split). If it were a tender for $ there would be no problem getting it private.
Pinkie, the reference to a merger has been in every press release since they started issuing this kind of pump info. In fact, the fact that they REFUSE to remove the word MERGER from their press releases is very telling and ominous.
Starfire, your business model needs work. Recheck your margins, revenue estimates and EPS numbers. They are just a little off. :)
A close read suggests reverse merger. I apologize for being a little late here on my analysis as I have been busy trading this morning.
Several quotes from today's press release follow...
"Global Diamond Exchanged is pleased to announce that while it is in continued negotiations and working out the mechanics for the potential buyout/MERGER......." .... notice they refuse to eliminate that word MERGER from their press releases.
"With regards to the buyout/MERGER -- things are proceeding as planned. Attorneys are currently working out the final details, which will include RECORD and PAY DATES. Furthermore, a MECHANISM is being setup for tendering shares if and when this transaction is completed."
"We stress patience since this will take time as the suitor IS WORKING OUT A WAY (?????) to take Global off the public markets and into the private sector."
Those familiar with record dates and pay dates will not be fooled by this attempt to make it appear a PAY date is the day you get PAID. A PAY date is the date you tender your shares for cash OR new shares in a new combined company. This is so misleading to put in a press release.
A MECHANISM is being setup to tender your shares?? What is this? GBDX has nothing to do with tendering shares. Its the brokerage firms responsibility to handle the back office tendering process along with the transfer agent. What does Gloabl need to do here other than add these words to confuse and keep up a smoke screen on greenhorns?
But here is the big one... "WORKING OUT A WAY" to take Global off the markets. Well, if this were a done deal tender for $, Global would be OFF the markets. Why does a suitor need to WORK OUT A WAY to get Global off the markets? Perhaps that is because in a reverse merger (preceeded by a reverse split) a Global entity would still be trading on the markets and the suitor would have to find a way to get that OFF the markets by taking it off the pinks after they own 95% of the company and have the control to remove it from public markets.
Most telling is the stock price. After this, the third attempt to pump this one with this merger news, the rewards are diminishing. Oh I do say this is the final pump and its already peaked. What a shame for GBDX insiders. Why are the market makers still willing to dump shares at .006 and lower?? Who is selling shares here?? Well, only thing left on this plan is endgame. What is the endgame? reverse merger/reverse split.
The writing is on the wall. Why do all of you refuse to read it?
You got it. The only asset the company has its is cash on the balance sheet. And any diamonds that are FULLY paid for. Otherwise you have to net out what they owe. Like a house with a mortgage. The owner really only owns the equity, not the whole house. So you tell me, what asset does this company have???
1)They have zero cash, zero.
2)They have diamonds which appear to be consigned and loaned to them to sell. Everyone here even admits the inventory #s are too high given what the company has announced.
3)Some here would argue all the value of this company is the export license and that is why the Russians want to buy it so badly. This is arguably the ONLY asset this company has. How much is this worth?? Well to answer this one must ask about the nature of the license.
Are there any others available? Are there any other new ones going to become availble? That is all semantics because the real question is 1) How did they get in the first place? and if they got one, why cannot genuine Russians, large important Russians who live in Russia and sell diamonds to the rest of the world not able to obtain one??? Does any of this add up?
Of course it does, p & d.
The answer is that the company owns zero of the 365 million shares. The insiders as individuals and you as a public investor own all the shares. The only other people that own shares those that the company is giving, yes giving, new shares to which would increase the shares outstanding above to 365 million and can take it as high as 900+ million. Are they doing that??? Only by getting current shares outstanding will you know that by placing a call to the transfer agent. But, alas, they won't tell you anything. Why not? Because the company told them not to. Perhaps this is a red flag?
Tacoz, I am going to address a few of your points..
You wrote ...
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.
Let me clarify a few things for you...
1) Reducing the number of authorized shares has no impact on stock price. authorized shares are not actual shares (yet). Technically if they reduced shares "oustanding" by 7 times, that would make the shares worth 7 times more money (all things remaining equal otherwise). The 975 million shares authorization is actually a net negative as that gives the company another 600 million shares they can issue behind your back whenever they want. All they have to do is gag the transfer agent and you won't know they are doing it. So watch, in case they gag the transfer agent, that is a red flag. oh.
2) Its still an issue as to how GBDX is "retiring" shares. In order to retire shares, they would have to own them, meaning they would be out in the open market buying shares to put into treasury. Only then can they retire them. Problem is they have no money. They are even consigning diamond inventory. What they say and what they do are do different things. I take them at their word when they say they had 355 million shares outstanding in Jan but what have they done since? Did they "retire" shares to pump them up and then sell new ones onto the market at higher prices? Only the company knows and the only way to find out is to compare to the latest shares outstanding with the transfer agent. Oh wait, they won't tell us. perhaps that is a red flag. Its awfully convenient that the company issued a SEC statement and gagged the transfer agent at the same time. Very nice decoy for them to be able to shut off information while they can do whatever they want behind the scenes. Don't worry, its only a concern if millions of shares flood the market. Just watch for that as a clue, that would be the red flag. Oh wait, look at the chart for the last month.
3) #1 is meaningless news and #2 is good news if the company continues to privide updated information, which they aren't. Therefore #2 is meaningless to negative since in the pinks company silence is usually deadly.
4) It can easily be a scam because the company is not held accountable for their statements on the pink sheets. All Alex has to do is get a russian associate to express interest in the company and he can put out press releases that suiters are out there. Its a joke and a shame that greenhorns continuously fall for this kind of thing.
Another day passes without a deal and the stock going nowhere. Why isn't the buyer in the market purchasing shares rather than paying 20-80 times that to you guys in a tender?
Can anyone here explain why this stock is headed DOWN when a supposive buyout worth 20 times your money is pending immediately?
Or, as this poster put it last night, a 1 in 5 chance you can make 80 times your money! yes 80 times your money.
http://www.investorshub.com/boards/read_msg.asp?message_id=19015493
I don't understand why this stock is headed down. Anyone?
That TA is gagged because the shares outstanding are mostly likely ballooning upwards of 1 billion with a B
TAKI is that you offering stock at .0065 and hitting those .006 bids before they disappear?
I'm sure its going to hit .0025. Its taking longer than I thought, admittidly. In fact, if the transaction is a reverse merger and reverse split as I suspect it will be, I expect the share price to go to .0002
eatyourshortsms, if this is a scam, the supplier of the diamonds is surely in on it. In fact, it makes alot of sense. The supplier of the diamonds very well could have been given millions of shares as an incentive to "loan" the company diamonds for sale and could very well have been one of the sellers of the millions of shares dumped onto the market since the SEC filing. We've had about 2 billion shares trade since then with no net upward movement. Who is selling the shares to all you guys?
Sound farfetched?
Not as farfetched as a .07 cent takeover on a .005 cent stock.
negger0... the inventory is most likely taken in on credit. I feel the most likely scenario is that the Russians basically lent them the diamonds attached to an account receivable and will expect their cut on any diamonds sold and will otherwise take the remainder back.
They do not necessarily "own" those diamonds. In fact, They cannot own those diamonds, where did they get the cash for them??
Its probably similar to drop ship websites that show inventory and take sales and then inform the supplier to ship the goods. these companies never have any inventory but appear to. I do beleive the diamonds are real in their posession, but I don't think they own them. I do not think they are bought and paid for and can be counted as an asset
Davidam, you're wrong. Buyers of companies purchase shares of their takeover targets EVERY day. Its not illegal at all.
Please don't guess at things unless you know your facts.