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Saturday, November 11, 2006 6:13:26 AM
I am amazed you were granted carte blanche entry to office 704 at 2 West 46th Street from the doorman, receptionist. Security issues, and as you had stated, "the doorman/receptionist is there for security purposes". Most front entry personnel cannot allow just anyone in specific areas without an appt. Or to enter an office space unoccupied without a representative/agent-broker for the owner of the building accompanying them. Good job.
With this secondary office, as you have stated, maybe misinformation as to when/what office GBDX personnel is going to occupy. Also, being not the main office for GBDX, I don't remember seeing a PR stating if/when the secondary office would open. Possibly it is 12/5.
However, good to see that you confirmed the main office @ 1230 Avenue of the Americas, GBDX is registered and is occupying office space. This is the location worth noting. You are correct that a general receptionist would not know specifics about a company. Sounds like a shared front entry person which is quite standard. Shared front entry personnel normally do not know specifics about a company; and will direct inquiries to leave a message for the particular company. Especially a company like GBDX who just moved into this space. Good that you left a message.
Hands on due diligence for sure. I'm sure you will confirm monday as to the exact address of the secondary office location.
IMHO, your confirmation that GBDX is @ Avenue of the Americas is key. Thanks for this confirmation. The issue of the secondary office local is minor. Many companies who experience growth may decide to expand office space; but not at the same expensive rents asked for @ Avenue of the Americas location. GBDX needs this location for exposure in the diamond district.
As I have stated before, IMHO, the former mgmt. of WWCD focuses on shell plays/merging with companies to make large revenue with.
Would not have bothered to merge with GBDX to waste time playing the dilution game; or to fabricate an office opening, etc.
Mgmt. who took over WWCD w/ merger netted +$2M (cash). Merged with GBDX to succeed again.
Best Regards
Not a buy or sell recommendation. My opinion only.
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