Global Diamond Exchange, Inc. (GBDX)

[wrongjoe]

Well, I just did a little math to reaffirm my valuation on this. As long as this is not a scam, and we've had a lot of good, reliable people on this board confirm some key aspects of this company so I don't think it is a scam, we should be in pretty good shape.

Let's assume they sold the diamonds for $1 million with 20% net profit. Let's also assume 400 O/S. With a P/E of 10, that would put the stock price at .005 for already realized revenue. Given that they have a larger shipment coming and will continue to do business over the course of the year, I think anticipating 2 million in profits from over 10 million in sales is very achievable. They should be able to pick up at least half of that between now and Valentine's Day. 2 million in net profit would support a share price of .0625. I'm not calculating revenues from other sources because those other sources have yet to be confirmed as part of the publicly traded entity. But if those are verified as well, this will go much higher.

All very reachable. The valuations here are good. The company needs to be more informative about their executives and full operations and the price will take care of itself.