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TAKI, you are showing your skill levels. Better to keep quiet than be known a fool. You will see. Next time the transfer agent announces shares outstanding it will be closer to 900,000,000 than 350,000,000.
And as far as the float being close to 3,000,000,000, that is a given and if you don't understand what i'm talking about, then you are just plain too new at pennies to justify any decision making knowledge.
The float can exceed shares outstanding due to nake short selling which is a legal function of market making in order to keep liquidity (and market maker greed). This stock probably has 3 billion shares in the float.
To correct outstanding shares, since we cannot get the info from the transfer agent it is a safe bet to assume shares outstanding are appraoching 900,00,000 and the float is approaching 3,000,000,000
Who is trying to hide the truth. All of my messages are being deleted. Who is the one who is afriad to let the truth be seen. We will all see soon even if my messages are deleted.
One question for all.
If everyone knows about this so called cash takeover (and if you know then everyone else knows) and if the market cap of this stock is only $1.75mm and if management (are these guys management or are they robbers) will not accept anything less than $30,000,000 (boy are they greedy) then
whose is selling????????????????????????????????????????????????
I ask you who is selling????????????????????????????????????????
Whoever is selling all those shares (and they seem to have alot more shares than you einsteins) must be real dummies.
If anyone thinks 350,000,000 is accurate count of the outstanding shares, you are dreaming. There are 2 -3 billion shares floating around and the short interest is not zero, its more like 2 billion naked shorted and both are growing!
I do feel there are 2 to 3 billion shares in the float. There is no other explanation for trading 40+ to 60 million shares daily on a stock that supposively has 350 million outstanding. Either management is lieing or the MM are shorting and having a field day.
Remember something, once they naked short those shares, someone owns them, they become defacto real shares. If there are 3 billion shares in the float, that multiplies the market cap by 10. This may as well be a $20,000,000 market cap. Once the insiders bring it down to $500,000 before the reverse merger to make it in line with other shells, the price will be 1/40th of where it is now, or .005 divided by 40 = .0001 right about the reverse split territory.
Totter, I just explained it to you. Read what I wrote. It is the answer.
The company is either issuing new shares or the MM are shorting naked. Either way it accounts for the bloating float.
I said the "float". I was not referring to authorized. With naked short selling by MM the float can be much larger than the Authorized shares. There is no doubt the float here is over 1 billion shares. Just add up how many shares each of you own. Who owns what?
New shares have been coming onto the market. Volume has increased substantially over the last 2 weeks 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.
The buying support in the .004's is coming to an end. Only so many times buyers are willing to purchase at .0045 with an attempt to sell at .006. Sooner or later it doesn't rise back up. Looks like I will be getting fills at .0025 sooner than I thought
TAKI how come you never post your sells? Everyone here buys only?? I never see sells. I am the only one who posts both buys and sells.
looks like this one is about to roll over. Continuous churning over the last few days and the buying is drying up over .004. I am preparing to purchase some shares at .0025 over the next few days.
i am buying back at .0025 for a trading gain
last question.... who owns all the shares that were cancelled recently and retired? I hope they don't take our shares from us and cancel and retire them. Who were the poor saps who had their shares stolen from them and cancelled?
I am trying to come to grips on this situation as I recently arrived as many of you know. I am not happy that we are hoping someone will buy this company because of a russian export license which can be bribed for (after all, how did we get one of these valuable licenses that the russians dont' allow) and a management team that in 23 years has made a goose-egg in EPS when all the unsuccessful mom and pops have been getting rich in NYC selling diamonds in a time where there wasn't enough demand for this company to keep their only office open.
come on someone give me a reason to pay $40,000,000 for this shell when another shell can be had for $500,000
Is that what we are hanging $40,000,000 on? our management team? same guys who have no office?
No one else has export licenses? and if someone gave the russian gov't $1,000,000 they wouldn't get a licence? I am asking questions to understand the value of this company.
what does this company have that would want to make a buyer take it private? at 10 cents a buyer would be paying $40,000,000 if not multiples more. What are they buying for $40,000,000 that they cannot do on their own for $300,000 investments?
It looks like .005 is not going to hold and is turning into resistence. I am still holding out for .0025 before I enter this one again folks.
Its not bizarre at all. Its what happens when insiders destroy equity before a reverse merger and reverse split. They need to get this market cap to 500k in order to give the russians most of the equity in the merger. next trade is .0025
I am no basher, I am a truth spreader. This is the companies release.
"Global Diamond is pleased to announce that management has been approached by another company that is viewing Global Diamond as a merger or buyout prospect."
I will translate.
"Global Diamond has been approached by russian mobsters looking to swindle US investors by purchasing a shell company in a reverse merger."
Its not a takeover. That would take this company private. The buyer needs a public market for the stock. Its a reverse merger. No pink sheet companies get cash takovers. They get taken over via reverse mergers.
Why would they say reverse merger?? That would signal the end of the equity of this stock and they wouldn't be able to sell their insider shares. Any time a private company takes over a publc company on the bulletin board or pinks its a reverse merger. Where have you been? It is obvious now what is happening. A reverse merger with a russian company who will have 95% of the new equity after the reverse split. Its how it works and happens all the time.
Its in the public press releases. The company has stated that they are in the process of an attempted reverse merger with a russian company. When that is announced, the reverse split happens first to destroy the current equity. That is how it works.
I'm sticking with buying at .0025 next buy point. Its naked shorts who are selling. They are driving the equity value down to $500,000 before the reverse split and reverse merger.
I think the next buy level is .0025
Did I read that right? "This week is not a good week to look at the price". Yes, its better to bury our head in the sand while our hard earned dollars disappear into thin air. I took my lumps and got out of this dog. Anyone who looks the other way because its the easy thing to do is a surely a poor investor. Take your lumps and move on. This dog has fleas and an impending bloated share count.
We'll see lower prices today on this one people.
I am losing money in this one and am very angry at myself for falling into this trap of this buyout. Its total BS and I feel for it. I am very angry at myself.
There will be no buyout, there will be a reverse merger after the insiders finish selling all their shares to destroy the equity and then do a reverse split. The buyers of this shell will want the common equity as low as possible so that when they issue new shares in the buyout the foreign owner will own most of the company. That is why the market cap is so small here and shrinking. It'll continue to shrink down to about 500k which is the value of a shell.
Any common holder who think they are going to make money on this "buyout" is kidding themselves. I sold my shares and took my licking this afternoon.
Is that press release all you have to base your thesis on? Damn. I thought there was more info available here. Let me tell you something, no one buys out penny stock firms. NO ONE! The only thing penny stock firms to is get reverse mergers. I see now what is happening. This one is having its market cap shrunk way down and cancelling shares to minimize the market cap. Then they are going to do a reverse merger with a private company. The private company will get 98% of the new equity and we will be left with 2% because they will do a reverse split to us just before the merger. It has happened to me 2 times in the past. I can't beelive in mistook this reverse mergre for a real buyout!!!
RonnieD your statements were part of what made me buy this. What is this deal you are talking about.
Are you part of the pump and dump? How much do you own if you know so much.
No you are wrong. I now think we are being conned by the company. There is no buyout. There never was. It is not the market makers driving the price down, it is whoever is selling all the shares. It is the company who pumped up their price to sell their insider shares while they pretend to cancel and retire shares but issue new ones at the same time!
I am juts praying this thing makes a run back toward my cost of .007. I cannot take this much of a loss.
You laugh but I am losing some real money on this stock! I am already down over $5k and its been 2 days! This stock is bullshit. I don't know why I did this again after the bad feeling I got last time playing a pink sheeter.
PINK SHEETS = COMPANY LIARS!!!!
I am afraid this one is done. I thought there was potential here but now I feel like I bought my shares as part of a pump and dump. I am really hurting from this with 1,500,000 at .007. I cannot take much more of this. Does anyone know what is going on???
Where is the buyout. I thought this was solid at .07 on a buyout?
ALIF .. .has anyone looked at ALIF? they have a deal with CBS and more news coming. this is a very low float, just look at the rise late afternoon on friday. some are saying it can run straight to 10. take a look and read the SEC filings. its the very very beginning of a large move. a HUGE deal with CBS on America's next top model and 8 more cell phone multiplayer games.. http://artificial-life.com/