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Friday, November 03, 2006 8:36:00 AM
Do not waste your time responding. Bashers get paid for responses back.
Known as a "pitchfork", this beginner basher is one of the worst I have seen.
Mistakes made in his posts:
1.)"I only get 3 posts being a freebie, so will limit my posts. I'm only commenting on GBDX because thats all I care about since I don't own any other pennies. I'm poor, got no money, gotta choose just one penny to scout". First, Ihub allows more than only 3 posts for freebies. Plus, to try and justify why you have just started posting and ONLY on this board signals paid basher to those who know. Why chose GBDX to buy when so many other potential penny stocks were flying much higher?
2.) "I haven't shorted GBDX at anytime, contrary to many baseless accusations".
Problem is noone has accused him of doing this.
3.) I've got 15K shares remaining...... and starts bashing the stock prior to getting out in full with his position?
Either the most inexperienced paid basher; or if just a "grad student", God help us if this level of compentency is allowed to be a grad student. His last comment shows level of maturity and intelligence.
FACTS: Mgmt. of former WWCD have successfully completed several shell mergers with substantial revenue each time. Latest was the merger with WWCD, which produced $2.3M profit (cash) by selling WWCD, prior to going after GBDX. The existing contracts GBDX has with Russian cutters and exporters and the new change in the Russian law for increased export % of rough cut diamonds is why former mgmt. of WWCD chose GBDX as next merger candidate. Also, GBDX has a solid 17+ year reputation in the NY diamond district, with strong contacts.
Former mgmt. of WWCD went after GBDX for a reason. PPS has come down from earlier high of .032 because of flippers, who base trading decisions strictly on chart/tech analysis which showed pps hitting top of upper boli band and full stochastic at 80, showing overbought shortterm. Also, the 3 day up and sell rule. Majority of trades during this run up were minor at 10-50K share increments. Those who have millions of shares (2.3M myself) know better. Revenue estimates out near term will be so strong; creating a justified .10-.25 pps with only a 75m float.
Best Regards
Not a buy or sell recommendation. My opinion only.
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