Global Diamond Exchange, Inc. (GBDX)

[MSEED]

Good post. GBDX is positioning itself to merge with a
top Russian diamond exporter, the main purpose IMHO that WWCD went after GBDX in the first place. So obvious if you really look at the overall situation.

Coincidence that the T/A co. president and others associated with all of this are Russian? Think not.IMHO,
GBDX will become the conduit for a Russian based firm (yes, possibly Alrosa or a smaller strong Russian based diamond exporter to grow big in US and worldwide mkt., with a merger with GBDX). The monopoly Debeers has had for years is going down!

The increase in shares has been confirmed to be primarily restricted and is to be used (if needed) to fund growth (ie-merger). GBDX is debt free and wants to stay that way. Smart business. Why incur debt. WWCD prior to merging with GBDX and becoming GBDX was profitable and did $12+- million last year with its last business.
Saw a huge oppty with this merger with GBDX and is acting upon it.

Watching today's trading confirmed my impression of the huge amount of sheep in pink trading. Panic selling, MM's walking the pps down, allowing many bid takes. And now, the bashers come out who sold and want to get back in again cheaper.

Consolidation always occurs after runups, period. However, those with strength that do not have to pay their rent with every trade can withstand short term swings, knowing the true potential and pps of .15+ after revenue projections, possible add. merger of Russain based diamond exporter, and 11/1 office openings will provide.

Best Regards
Not a buy or sell recommendation. My opinion only.