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Re: None

Sunday, 11/12/2006 5:33:08 AM

Sunday, November 12, 2006 5:33:08 AM

Post# of 82105
Wow! Frustration ooozing out w/latest posts. Posters who were so positive short time ago now claiming GBDX a scam, dilution, being hurt by lost $ by holding, chart confirming that it is a scam. Some visited office and supposedly not occupied by GBDX, so must be a scam. Enough what if's.

Bottomline with this stock is when WWCD announced merger into GBDX, the first short term run began; because merger plays are a hot topic and create momo. Played it from .006 to .07. This was the initial money maker on this "play". And that's what all these pinks/otc stocks are, just plays.

After a short term decline in pps from flippers profit taking, some late traders who saw the initial pps upside then decided to buy in @ .025+-, wanting the pps to shoot to .07+ with all excitement. However; at that point .025+- was the top of the second short term run per chart/TA. Now, these traders who held are frustrated and upset that they have lost money; and GBDX is now a scam. Has to be since the pps didn't increase the way they needed it to at their entry price to make a profit.

Some posters will disagree w/me on this; but all pinks/otc stock direction is based on initial momo/hype, continued interest, MM bs and KEY-CHART/Technical indicators period. Yes, many pink/otc co.s are bs, and most be cautious.

However, with GBDX, IMHO, pps direction has been based on Chart/TA flippers in/out + stronger hands/MM's working weak hands.

I'm still playing GBDX and why I think GBDX became a play in the first place. The mgmt of WWCD took WWCD over seeing revenue potential. Got FDA approval for US marketing of the wholesale produce segment. Then sold off this portion of WWCD for large profit in cash. With that, decided to exploit the increase in demand for quality diamonds by merging with GBDX.

Why? OPPTY. GBDX was a small BUT established co. with 17 year rep. in NY diamond district; and with very strong contracts in place with russian cutters and exporters. The catlayst was the new russian law which allowed increase % of rough cut stones to be exported. AND, the former mgmt. of WWCD are russian and have strong connections to work with in russia.

Scam? Hardly think so. Dilution? Why only increase O/S count and not A/S count. And why only increase float by 40M shares if trying to dilute just to line pockets? And now, for traders to base presupposed thinking of scam based on non substatiated info from some posters stating co. has no office.

This trade is a good one based on IMHO 1.)-Reasoning behind former mgmt. of WWCD to merge with GBDX in the first place. 2.)-Super small float comparitive to possibly millions of near term revenue; which equates to strong pps. 3.)Strong existing ties to russian connections.

Will add to position. Revenue nearterm/small float=real upside in pps.

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