Global Diamond Exchange, Inc. (GBDX)

[MSEED]

W/reducing A/S, GBDX working to confirm w/traders who are
concerned that co. is real; and willing to continue positive effort to strengthen value by doing so.

Yes, also frustrated w/pps drop shorterm. However, O/S and float have not increased since late Nov.; and now GBDX basically does what traders request to calm whatifs by reducing A/S count huge.

Still reading posts of massive dilution as reason why pps drop shortterm. +-320M to +-400M O/S from merger with float still @ 120M+- shares is not massive dilution. And, company now reduces A/S count to only 900M from 7Billion!

I still go back to why WWCD merged w/GBDX in the first place. Past history of mgmt. of WWCD does not just merge to needlessly dilute 100's millions of shares to milk shareholders. They merge, build a co., and make large revenue/cash gains w/minimum share increase. If bs dilution would have occured, why didn't it happen initially at merger when pps went to .07? O/S count @ merger and weeks thereafter was basically +-328-359M shares.

IMHO, still believe $14-20M annual revenue is real, and first 2 shipments are sold, and +-$3M revenue from initial 2 shipments is valid. Strong JV was recognized on 2 reputable diamond industry websites as well.

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