Simple. Based on merger success w/individuals who took over WWCD w/ that merger. After working that co. to a $2M cash net profit in less than a year, sold it off and then saw large oppty in diamond mkt. wholesale. Mkt. has been dormant last few years, but now is hot and russian diamonds are "it". So former mgmt. of WWCD looked for a conduit. IE-GBDX, a co. with solid rep. and long term prescence in NY diamond district. Most imp. GBDX had existing contracts w/top russian cutters and exporters. Right at the time when govt. of russia passed new law increasing % of rough cut diamonds to be exported. Amazing that noone gets that GBDX is just the "play" of former mgmt. of WWCD to work the current hot mkt in quality russian stones.
You stated you looked deeper? If so, would know the previous success of individuals from WWCD, and why they chose GBDX for next large play.
I do not disagree that pps is down, and should not be. And frustration is warranted w/incorrect decline. But at least know the facts. Funny how all pinks/OTC plays based on short term momo and alot of bs hype. Ok, accepted. That's why w/GBDX, how positive it SHOULD be that this pink has such real strength, low O/S count, revenues.
Why is it that last few flyers-PLSO, ABTG, MRXT, MLXO, ETIM,
CWRN, CVXI, PYPR, ATLJ......on and on, not one post regarding confirmation of revenue, share count, address of office, BOD must be confirmed to substantiate 300%+ increase in pps.....?????? But w/GBDX, with such small share count, mgmt. reducing share count by 30%+, and more to come, business of diamond sales has first 2 shipments sold out and $3M in revenue over 90 days, meaningless.
Like I said to you earlier, you want out, @ such low pps currently, I'll buy your shares at today's price and you can go chase w/other sheep next hyped play.
Best Regards. Not a buy or sell recommendation. My opinion only.
