Wednesday, December 06, 2006 7:21:08 AM
concerns immediately w/ reduction in A/S count, no dilution, possible reduction in O/S.
Proactive response from mgmt. to address and qualify issues concerning shareholders. Plus, as you have stated, +-$10-14M NET, that's net profit annual w/only 400M O/S currently.
Again, many do not acknowledge that former mgmt. of WWCD did not merge w/GBDX to play bs dilution games, or waste time w/bs PR's to inflate pps. If you look at past success of former mgmt. of WWCD, they merge to exploit explosive growth potential in a specific market via a co. that exists in that market. GBDX provides that conduit w/new change in russian law of increase in % of rough cut diamonds, and existing contracts GBDX had with top russian cutters/exporters. Then, to top it off, went after a huge JV with/Olympus,Smolensk, etc.
A pink w/real large revenue, JV to strengthen position, and now proactive in reducing A/S, O/S and no dilution. Wow.
Can't wait to hear the bs bashers respond to me on this post.
Best Regards
Not a buy or sell recommendation. My opinion only.
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