Perfect example of reality vs perception in pinks.
Your PR list of confirmed strong indicators of value for GBDX go unwarranted to increase pps to appropriate levels. Why?
"Perception" of continued posts from minor traders and no interest from the strong boards creating a continued upturn/strength in pps. Obscure points about co. since merger began. First it was office address confirmation to validate co. worth. Then bs dilution ques. came about as possible reason for decline in pps. Then "wheres BOD list" to substantiate value.
Again, what other latest "it" pink play-PLYCF, LFZA, PYPR, PLSO, MRXT, MNEI, AWYI, METP, NXNO, CVXI, CWRN, EXCS ...... on and on w/such strong rise in pps has ever been questioned on validity of revenue, office address, BOD confirmation, size of share count vs revenue. And so many of these w/huge O/S/float. W/GBDX, former mgmt. of WWCD merged seeing strong oppty in wholesale diamond mkt, using GBDX to exploit lucrative russian wholesale diamond mkt. Then, right after merger, sells out first 2 shipments prior to even receiving, @ $3M+ revenue in 60 days. Then, mgmt. addressing shareholder concerns, reduces O/S count by 30%, 104M shares creating even more real value.
A true "gem" in pinkie bs land and doesn't matter.
Mgmt. has tried to address concerns thru share reduction, PR's on continued strong revenue/sell out of inv.; no dilution + add. share reduction coming. Pending JV w/ such strong ties in russian diamond industry, creating even larger real value for GBDX. And pps continues bs decline.
Frustrating because w/weak perception created (wrong, but still there), MM's (yes, many shorters)can work this incorrect mentality of weak hand shareholders again and again. As I stated earlier, pps should have continued from .028 basing after initial pop to .07 @ merger. 1st shipment sold out, strong revenue, reduction in shares, etc., verifys value and momo/interest should have continued pps increase from .028.
Why not? Mgmt. did not take proactive approach and realize bs pink mkt and its workings. Latest example is just days ago, pps starting ramp up numerous large buys @ 500K share+ @.007-.0075+. Anticipation of announc. of confirmed certs and reduction in O/S count by 104M per prior PR's, showing follow through and pps value @ .053+. Instead, mgmt. lays idle and critical time goes by w/o confirmation to continue strength and interest. So what happens, neg. perception and now pps @ .0046. Weeks have gone by since PR regarding share reduction and pending rcvd. certs.- nothing! Then, mgmt. issues a PR about 2nd shipment. Duh, already knew 2nd shipment was sold out per PR weeks ago. Factored in already.
Such frustration w/ a stock that is worth so much. 380M O/S and $18M annual revenue-.053+pps= 10X what it's trading for now, w/o any std multiple applied. ARGhhh!!!!
Simple-"Perception" stronger than reality.
After all that ranting, still strong and holding 3M shares w/o loss. Mgmt.-wrong or right, know the game, and act accordingly.
Best Regards, Not a buy or sell recommendation. My opinion only.
