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Tuesday, November 28, 2006 4:38:46 AM
You also answered your own question. IMHO, GBDX did sell more shares to purchase assets-1st/2nd shipment of diamond inventory that was presold. Then, increased share count to complete JV. As you say, we do not know this is what's happening. So, then why do I think it is? Because the former mgmt. of WWCD who merged with GBDX did not do so to just BS dilute. Again, majority of pinks that have traded huge lately on momo, don't have any more confirmation or concrete financials etc., other than PR's and hype.
I disagree with your statement that "if number of shares has increased to purchase diamond lots, then our profit margin sucks. What other pink/otc co. can you name with potential revenue of millions a month net and only 400M+- O/S count? With a multiple of only 5, pps value is over .10 easy. All pinks/otc's are somewhat of a gamble. But GBDX I believe can produce real revenue nearterm, without billions of shares outstanding.
Regardless of all this back and forth posturing, pinks/otc are trades, not investments. This stock should have been traded 3 times since merger for solid gains. And now, with JV being finalized, revenue potential and small share count, pps is undervalued and nearterm will rise. We shall see.
Best Regards
Not a buy or sell recommendation. My opinion only.
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