Saturday, November 11, 2006 4:41:34 PM
Dear Alex,
I am a shareholder in GBDX and have been following the PR's about the company's plans to expand sales through a new office in New York City. The address of 2 West 46th
Street, Room 704 was advertised as the location of the new office, and it was supposed to have opened last week. When I visited the building yesterday, the receptionist/security guard said Global Diamond Exchange had no office in the building. Furthermore, the name of the company did
not appear on the building register, and when I visited room 704, there was no indication that Global Diamond Exchange was a tenant. Their name was not on the door and the other
businesses present in that office informed me that Global Diamond Exchange had no current lease to share the space with them.
I saw on IHub that you now plan to open the office on Monday, Novenber 13th, and that you will allow only diamond wholesalers to enter the premises. Shareholders like myself would like to know why there is no visible evidence that GBDX has rented office space at 2 West 46th Street. If I do not hear back from you, I will be contacting the building manager Charles Greenthal on Monday to confirm what I saw yesterday.
Best regards,
xxxxxxxxx
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