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but it wasnt a person or a real company
Stilly holding tighty on them shares Righty?
well this company is registered in Nevada which is very lax to begin with on requirements for a company hence many pink stocks with dubious authenticity have gone that route- well if a company fails to maintain the minimal level of requirements even for a Nevada corporation they are no longer a legal corporation. you typically see them do a reverse merger after that where they sell the shell to someone else and often reverse split where your 10 million shares worth .0001 each can become 100 shares worth .0001 each
UPDATE: REVOKED STATUS.
SOMATIC SYSTEMS, INC.
Business Entity Information
Status: Revoked File Date: 3/19/1987
Type: Domestic Corporation Corp Number: C1929-1987
Qualifying State: NV List of Officers Due: 3/31/2008
Managed By: Expiration Date:
Additional Information
Name Consent Date: 12/21/2005
Registered Agent Information
Name: NEVADA AGENCY AND TRANSFER COMPANY Address 1: 50 WEST LIBERTY STREET SUITE 880
Address 2: City: RENO
State: NV Zip Code: 89501
+++++++++++++++++++++++++++
old posting::::
Posted by: Tacoz Date: Friday, August 29, 2008 5:25:37 PM
In reply to: RattleDaCage who wrote msg# 11559 Post # of 31815
SMAS remains "default" for corporation status (instead of active). Also, the outstanding shares listed on their corporation, makes no mention of "retiring shares" or other changes about the share structure since June 2007 . No doubt this company is hitting the P.R. routes fast and furious. However they don't seem as fast in updating their business filings.
Annual List (due 3/31/2008)
$ 2,575.00
Annual List Late Fee $ 75.00
Nevada Sos
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=21SjGadQZLyYT5wu0eLdfA%253d%253d
Yes but the real secret is the method the dodge group uses to convince the company to fail to sell anything or make a profit! If you can discover that you can short any company and make money! Thats what makes the rest of them just amateur prospectors.
yES that is so promising. I am sure you are right and everyone will be rich if they just sit tight and wait it out.
Not.
I stand corrected. This is the best news ever. Rush out and buy this stock. It is sure to hit 5 cents before this is all over as I was promised when it was at .008
You are better off waiting by your chimney for Santa to pop out on Xmas
Are you aware that "export license" was only mentioned on chat board rumors, along with the other rumor that Russia only gave out like 2 of them for the whole country to export to USA. This was never stated on any of the company p.r. or website.
Those 2 rumors really took off running just from the message boards and convinced some people that the company must be worth something as a nonfunctioning business even if it is an empty office. Despite the terrible terrible lies about how the company said it was going to publicize an audit and reduce shares (for the newbies- they made the audit promise 2 years ago right around when the company announced its first sale- they never ever audited anything. And they increased shares to no end, after saying their plan is to decrease them).
They did respond to the sec. They responded by running away and setting the stage for a reverse merger offshores to play around with a new shell fake out.
You should read about the whole situation with debeers and russia. They are history so there is not going to be a teaming up. End of story.
I knew it, a REVERSE MERGER. So I won the guessing game on the IBOX along with :
ADog2001
klonnie24
Orangeman3
leebret
Hunter6110
"Additionally, Sib Almaz is considering divesting their controlling interest to aSouth African Group."
NEW YORK, NY, Oct 14, 2008 (MARKET WIRE via COMTEX) -- Global Diamond Exchange
Inc. (PINKSHEETS: GBDX) has closed its office on 2 West 46th Street. The poor
performance by the United States economy in recent months and the lack of
disposable income has necessitated a change in offices. The company will
concentrate on the wholesale and the processing business exclusively. The new
office is located in Tshipise, South Africa. The phone number is +27 76 176
8592.
Additionally, Sib Almaz is considering divesting their controlling interest to a
South African Group. A new president has been appointed due to Mr. Lava
Beurikov's failing health and constant hospitalization. Dr. Didier Debonggo has
replaced Mr. Beurikov. The company had received a subpoena from the SEC and had
responded through counsel. Dr. Debonggo is in the process of acquiring new
counsel as Mr. Beurikov's health issues have made it unclear at the present
stage of the responses. A complete shareholder update is forthcoming.
+++++++++++++++++
Friendly Guessing Game on Final GBDX Offer Price:
.54 gubbly33
.43 mickey22
.40 Lindy
.30 starfire
.25 pmg149
.20 nomonet
.19 pontiyak
.18 righty
.175 chucka
.15 mwright45
.14 IDOITBST,waggett
.137 euraquillo
.125 OG_Money, 450rydr
.122 knocker123 (.70 EOY if no TO)
.12 Anthony1971,Skyhawk66,negger0
.115 drmlndmn
.105 Morning_money
.1025 DC13
.10 RonnieD
.0925 blockman
.09 pennyvestor, cashacumming
.085 dustybutler
.08 C_Patrick
.075 Happycoins
.07 easy street,giantbull,zahjnj
.06 Adventures_In_Money
.05 drugtester, cowboy10994
.045 Dash4Cash,guardianangel
.04 Ogclip
.035 TGTL_2005
.03 TAKI
.025 DerFuhrer, waco
.0003 m_stone_14
The following member(s) believe there will be a merger and not a buyout; that the stock will remain public:
ADog2001
klonnie24
Orangeman3 (.009 if buyout)
leebret
Hunter6110
Tacoz
If they buy it back at 10$ a share then how much money will he owe? What about 100 dollars a share? Keep adding up all those figures for everyone (so folks can imagine being rich off a company that stole all their money).
The website name was renewed (as someone said it probably 8$ a year) but the news link still says they did not pay for that service. http://globaldiamondex.com/news.php . Just like they are in default with the Nevada Sos Business listing, and on trading the grey market instead of pinksheets. They are still 1 year in media blackout and about 2 years in a "OH HOW CONVENIENT" gag of the transfer agent so they could mislead the weak of mind into believing they were not diluting. Anyone who has read their website knows that nothing on it has been changed or updated virtually since day 1. The only exception was an "inventory" that sold a few items- I think the inventory had the most potential for getting them arrested under fraud laws (whether tax evasion or pinning them down to specific claims that would be tracable). Well a company is allowed to strangle along on the gray market another year or so before the Nevada Sos will raise the default to a revocation- unless other legalities happen first. (The entity is only in a default for the 1st missing filing, the 2nd missed filing the entity becomes revoked by Nevada Sos according to someone from the NV Sos office.)
fibby willy wasn't trusty, wuz he?
They can be fraud here on many levels. They are on the gray market for a reason. They were halted by the SEC for a reason. No MM is willing to sell them anymore.
We don't know if 1 or many of these things were the center of GBDX becoming gray market: the fraud in the manner a takeover occured, the manner certain people came to be paid off by sib or GBDX or came to be in control of GBDX, hiding information about the stocks being sold to shareholders (SO CALLED GAG ORDERS BY THE TA), hiding information about revenues from IRS and shareholders, pretending to have sales (diamond shipments)that did not exist, outright lies about business model/business partners, outright lies in PR (ex. about who they are and who their board is or isnt, making up fake names...), misleading information about inventory or "shipment sales", or POSING as a company when they are just selling shares under a pretense.
I agree- they don't "buy back" anything if they retire the "unsold restricted shares". That could mean alot more to the share value (buying back shares from the float and retiring them). Retiring of the non-floated, restricted shares could just be an attention getting ploy since there is nothing what so ever to stop them from adding more again if the time comes they want to do that. Arizona companies don't need shareholder approval for this kind of game.
Who thinks gbdx website will be renewed? They don't have the inventory link working, they never had the managment/board of directors link done, now they don't even have the news link working any more. http://globaldiamondex.com/news.php Their "mining in russia" link seems to still think that Mir is still a diamond mine (its not, the mine closed, and its an abandoned pit now and has been for 4 years). Their rewnewal date for the webpage is coming up soon. Will they still have a website after Sept 15? Its probably pretty cheap to renew it, but if they didn't fix their "news" link maybe the website is about to go down too.
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: GLOBALDIAMONDEX.COM
Created on: 15-Sep-06
Expires on: 15-Sep-08
Last Updated on: 16-Sep-06
How did this slip so much since the reverse merger 2 years ago? I started reading from post #1, it was around .04 back then; but right now its .0002. You can't blame it on lack of recent news because there was lots of it recently. 20x lower at current price (or put another way it will take 2000% to return to that level).
So what lessons can be learned from what got this stock where it is ? Who is to blame or at fault for what happened to the price?
))))))Recent News:
Wed, Aug 27, 2008
10:21 AM Somatic Systems, Inc. Develops Unique Electronic Medical Records Software Product - Marketwire
Mon, Aug 25, 2008
8:30 AM Somatic Systems, Inc. Retires One Billion Shares - Marketwire
Thu, Aug 21, 2008
8:30 AM Somatic Systems, Inc. Opens New Office in Phoenix, Arizona - Marketwire
Wed, Aug 20, 2008
10:54 AM Somatic Systems, Inc. to Begin Share Acquisition and Retirement Program to Increase Price per Share - Marketwire
Thu, Jul 31, 2008
SMAS remains "default" for corporation status (instead of active). Also, the outstanding shares listed on their corporation, makes no mention of "retiring shares" or other changes about the share structure since June 2007 . No doubt this company is hitting the P.R. routes fast and furious. However they don't seem as fast in updating their business filings.
Annual List (due 3/31/2008)
$ 2,575.00
Annual List Late Fee $ 75.00
Nevada Sos
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=21SjGadQZLyYT5wu0eLdfA%253d%253d
Despite all their high goals, their website design seems really amateur for 2008.
Also, on their website It would be nice to read more about the classes and (I think somewhere it said its 12,000$) practitioner training than what I found on their website.
********************************************************
In Reply To 'RattleDaCage' on 'Somatic Systems Inc.'Aug 22,2008
What you see on the Nevada website:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=21SjGadQZLyYT5wu0eLdfA%253d%253d
Is Obsolete. Paper work has been filed and should be updated sometime next week as per Phone conversation with Steve.
***********************************************************
++++++++++++++++++++++++++++++++++++++++++
Posted on Aug 22 by Tacoz:
Why does Somatic Systems corporation listing have a "default" status instead of "active"? Why didn't they pay their $2575 plus late fee to nevada to keep "active" business status? Its more than 4 months late.
++++++++++++++++++++++++++++++++++++++++++++++++++
source: Nevada SoS
SOMATIC SYSTEMS, INC.
Business Entity Information
Status: Default on 4/1/2008 File Date: 3/19/1987
Type: Domestic Corporation Corp Number: C1929-1987
Qualifying State: NV List of Officers Due: 3/31/2008
Additional Information
Name Consent Date: 12/21/2005
Calculate Annual List of Officer Fees for
SOMATIC SYSTEMS, INC.
Item Fee
Annual List (due 3/31/2008) File This List Online Now! File Offline
$ 2,575.00
Annual List Late Fee $ 75.00
Return to Entity Details for "SOMATIC SYSTEMS, INC."
Have they claimed to have shipped or sold any rough stones? I don't see that in the p.r.
++++++++++++++++++++
"all of those engaged in the ROUGH diamond trade must file their first annual rough diamond import and export report"
Here is a copy of the post from 2006 of the GBDX FAQ on their website (someone posted it on a message board Nov 14, 2006). http://www.hotstockmarket.com/forums/showthread.php?t=44618 Scroll down to Frequently Asked Questions for the part you were looking at. It looks the exact same as the current page to me. I can't find any changes.
Why was there no trading late Dec 2007 until August 2008? What happened? ?
http://pinksheets.com/content/doc/ps/tier/logo/caveat_emptor.gif
Why does Somatic Systems corporation listing have a "default" status instead of "active"? Why didn't they pay their $2575 plus late fee to nevada to keep "active" business status? Its more than 4 months late.
++++++++++++++++++++++++++++++++++++++++++++++++++
source: Nevada SoS
SOMATIC SYSTEMS, INC.
Business Entity Information
Status: Default on 4/1/2008 File Date: 3/19/1987
Type: Domestic Corporation Corp Number: C1929-1987
Qualifying State: NV List of Officers Due: 3/31/2008
Additional Information
Name Consent Date: 12/21/2005
Calculate Annual List of Officer Fees for
SOMATIC SYSTEMS, INC.
Item Fee
Annual List (due 3/31/2008) File This List Online Now! File Offline
$ 2,575.00
Annual List Late Fee $ 75.00
Return to Entity Details for "SOMATIC SYSTEMS, INC."
Nobody else tricked GBDX into being worthless, it was inevitable due to their own failure. It only takes a little bit of legitimacy, profits, and disclosures for a company to not tank to the .0001 s.
http://pinksheets.com/content/doc/ps/tier/logo/caveat_emptor.gif
Heres your answer kc-
If many people are selling out their entire position, there are some other longs buying them out because they can double their position for 10-time or even 50-times less than they went in at. When the price is so much lower they are doubling or tripling their position.
someone called something like wikid wizard says he owned
7,478,025 shares as of 12/11/07 but
20,043,000 shares as of 08/15/08.
If someone averaged .003 for his first 7.5 million shares (at $22,500 ), he could have added another 13 million at .0002 for only $2600 this week.
So there's your answer, the people that stick around (or even newbies) are spending a small fraction of what those shares originally went for, when people bail. But the sad thing is that the people who will make out better are the bailers cause in the end its only getting worse (its a race to see what happens first, reverse split vs. revocation and stuck with unsellable stock that can't be traded). If it reverse splits then the share value will sink to the bottom like a rock in water.
_______________
Posted by: StocksKC Date: Friday, August 15, 2008 3:18:38 PM
In reply to: Orangeman3 who wrote msg# 77057 Post # of 77083
Only Question I like to find out where is 2.85b shares then?
Many longs left the boat already!!
_______________
http://pinksheets.com/content/doc/ps/tier/logo/caveat_emptor.gif
it was fake. looks like he copied from this and changed the stock name and the date:
http://www.emediaworld.com/press_release/release_detail.php?id=125922
NEW YORK, NY (eMediaWorld August 6, 2008) -- Greenstone Holdings, Inc. announced today that the company’s stock continues to trade on the grey market and expects once the Company’s 15C2-11 Filing has been cleared, its common stock will again be quoted by the NASD on the PinkSheets.
The Company also announced that it is operating normally and is continuing to market and follow up sales leads with customer for its various products but has not realized any significant operating revenues during the past six months and does not anticipate significant revenues until after the first of the year.
has anybody sold at .0505 like scottrade and ameritrade asks
"GBDX Status:Default on 8/1/2008" (says NV S.o.S.)
(no longer listed as "active" business status)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
DEFAULT. The neglect to perform a legal obligation or duty
http://pinksheets.com/content/doc/ps/tier/logo/caveat_emptor.gif
Does your country have volunteer firefighters, guardian angels, ( http://en.wikipedia.org/wiki/Guardian_Angels ), philanthropists, or Good Samaritans?
If those concepts are foreign to you then I don't think you understand why some people want to put a stop to fake companies who are abusing the lenient otc pinksheets small stocks status to take hard earned money from honest investors. Antifraud laws are so slow and don't get applied to some companies fast enough (companies are moving on to the next name change before the sec catches up to them) or they are just in another country where its hard to enforce antifraud laws.
I am seeing a little bit of change in some sec laws and nevada laws maybe GBDX is going to be made an example of.
http://nvsos.gov/information/news/quarterlyreports/docs/2008Quarter2.pdf
http://www.rkmc.com/SEC-Adopts-New-Antifraud-Provision-Under-the-Investment-Advisers-Act-of-1940.htm
http://www.tenonline.org/art/sl/9304.html
If a company has a good service or product I want it to succeed and the people who invest in it deserve to make good money.
"Sib" does not translate to "Siberian" (from English, Russian, or Across Languages).
The company you listed has no addresses in the stated location of Sib Almaz (Sib Almaz of Amyrskaya Oblast, selo Skovorodeno Blagoveshensky c/t Andreyskoe, Russian Federation, is currently in negotiations with Global Diamond).
The company you listed never calls itself "Sib Almaz" (Copyright © 2007, 2008 Siberian Diamonds Limited).
Unless they changed their name those are not the same company.
If you were to suggest maybe that they changed their name, then Sib Almaz could be anybody - not just the millions of places whose name has the word "diamond" or "almaz" in it.
++++++++++++
In reply to: jonups who wrote msg# 76824
Sib almaz translates into siberian diamonds.There is canadian Entity that is privatily owned that has mines in russia.SIBERIAN DIAMONDS LIMITED.
"Rapaport News has yet to locate a Sib Almaz in Russia for confirmation. Industry contacts in Russia have told Rapaport they have not heard of either Cherbekov or Sib Almaz."
++++++++++
"The Rapaport Diamond Report is the primary source of diamond price and market information. Our Rapaport Price List is the international standard used to establish prices in all the major markets. "
++++++++++++++++
+++++++++++++++++++++++++++++++++++++++++++
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=18315
Global Diamond Exchange Hires New CEO
By Jeff Miller Posted: 07/11/07 13:09 [Submit Comment]
RAPAPORT... The CEO of the Global Diamond Exchange Inc., Alexey Cherbekov, resigned his post and was immediately replaced by Slava Beurikov, according to the company's announcement....The company also reported hiring Elena Voushva as its corporate secretary... The company reported that the two candidates were hired by Sib Almaz, which has been identified as a potential takeover candidate of the company. Rapaport News has yet to locate a Sib Almaz in Russia for confirmation. Industry contacts in Russia have told Rapaport they have not heard of either Cherbekov or Sib Almaz."
"Almaz project. The Almaz was designed for a three-person crew and an operational life of one or two years. "
http://www.russianspaceweb.com/almaz_origin.html
++++++++++++++++++++++++++++++++++++++++
Almaz is up to alot of things-
1. a spacestation http://www.russianspaceweb.com/almaz_origin.html
2. a diamond shop in LA http://www.searchdowntownla.com/index.php/business/almaz_diamonds_co/
3. Hair salon in Virginia http://yellowpages.washingtonpost.com/Almaz+Diamond+Hair+Salon.327671.5050443.home.html
4. NY jewelers who were accused of bad business practices http://ripoffreport.com/reports/0/284/RipOff0284543.htm
5. Hotels in russia http://www.hotelsinrussia.com/perm/almaz/
6. ballet shoes http://www.dancedepot.com/product352.html
7. more if you look
162.87 carrots
link below http://www.redorbit.com/news/entertainment/797948/second_order_of_diamonds_arrives_in_new_york_currently_being/index.html
Second Order of Diamonds Arrives in New York, Currently Being Graded
Posted on: Thursday, 11 January 2007, 12:00 CST
Global Diamond Exchange (PINKSHEETS: GBDX) is pleased to announce that its second order of diamonds has arrived in New York and will be ready for sale once they are GIA graded. The breakdown of the second order is as follows: There are a total of 162.87 carrots with a value of roughly $1.4 million. The individual stones range in size from of 1 to 3.6 carrots. The company fully expects future orders to increase in frequency and size along with their wholesale value.
For a period of time I saw the GBDX current price as Negative 1 Dollar , not 1 dollar! And it showed a gain of negative infinity (minus sign and a sideways figure 8)! Seriously- on the streaming quote board for scottrade earlier today. I would not read into any numbers on a suspended stock.
Then it just showed a 0 for all the stats at the end of the day.
There are three types of lies - lies, damn lies, and statistics
Here's a recording of Willy saying he was interrogated by sec and he concluded that he was let off the hook. http://www.supload.com/listen?s=69DBC51HY6G4
Its uploaded as a "ringtone" if anyone would like to put it on their cell phone ringer.
++++++++++++++++++++
As far as gagging the transfer agent, especially for 1+ years,that should be considered a form of stock/price manipulation- if its legal there should be some limits set on that for a stock actively trading.
Maybe you should re-read the wording of the suspension, its not a vacation or gone fishin notice. It said the company is in deep doodie. 8/1/06 was the last time their charter was revoked so maybe that is an anniversary date for some reason too.
REVOKED 8/1/06
Action Type: Amendment
Document Number: 20050614339-13 # of Pages: 1
File Date: 12/14/2005 Effective Date:
(No notes for this action)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Posted by: starfire Date: Tuesday, August 05, 2008 3:26:31 AM
In reply to: chucka who wrote msg# 76589 Post # of 76595
ha, haa...in thegrand schemme of thins...what if it opens at 5cent~~~~?? caan it haapen?? may be may be not!!
But,
why did SEC choose Jly31 as the day to suspend...was it coincidence that it was the day the company had to provide list of offiers to TA or was it merely end of Jly and hence beginning of August...August being a holiday month ofr GBDX wherein all cuuters and ploishers go on aholiday and management has time to focus on SEC events, filing events...blah, blah. Did the large sell off bythe compnay provoke SEC to suspend...if so why Jly 31st?? the month of August will go down as an August one as the GBDX saga continues!
I too wait but don't see the curtain falling!If it falls, the story willend but the GBDX saga will not end! ImO.