Friday, November 24, 2006 5:11:41 AM
But what do the majority of posts on this website continue to talk about?
"Oh, dilution is hurting pps increase-Invalid. "Why doesn't the website more accurately show the BOD's? "If the co. would just..........
This JV news if analyzed correctly points to huge revenue potential for GBDX,"very nearterm". The MINOR increase in O/S and float size to purchase presold inventory is justified; and in now way with this stock is directing shortterm pps decline, IMHO. When I post my opinion, I get back responses saying, "But why then is the pps going down". Perspective- Over the last few weeks, nothing but bashing about GBDX a scam, office not open, dilution must be like other loser pinks is the problem....blah blah. Weak hands bailed, and no new volume created; so of course pps will decline shortterm. Plus, checking level II realtime daily, MM's played weak hands fully.
Millions $ net profit from presold 1st shipment, 2nd shipment presold and larger than 1st of 698 carats; SEC filing of GBDX and office opening confirmed, and now huge JV confirmed w/ diamond exchange website, russia news, and other top credible publications. And JV with abovementioned co.s now creates likely 10X revenue growth for GBDX as earlier estimated. And again, paramount to pps increase coming is a tiny 112M float and 387M O/S count. Such large revenue potential w/such small share count; for a pink stock! Explosive.
Yes, the pps has declined short term w/low volume and weak hands doubting credibility. But with JV just announced and verification of business now established, exciting and great entry level IMHO.
Best Regards
Not a buy or sell recommendation. My opinion only.
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