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Monday, February 12, 2007 9:51:34 AM
[Subpennies_to_Dollars] GBDX is the new "Pennies to Dollars" stock pick:
GBDX (Global Diamond Exchange, Inc.) our new stock pick, has recently
been inplementing a share buyback. After the most recently announced
share buyback is implemented; the O/S will be reduced to around 349
million shares. Based on the Friday Feb. 9th close of .0027 and the
most recent O/S announced by the company; the Market Cap of GBDX is
only around $942,000.
The most recent GBDX news release:
Global Diamond Exchange Inc. Retires Additional Common Stock,
Addresses Market Cap Issues
Wednesday January 31, 9:53 am ET
http://biz.yahoo. com/iw/070131/ 0209664.html
Most recent news release concerning their diamond operation:
http://biz.yahoo. com/iw/070124/ 0206963.html
Link to other recent GBDX news:
http://finance. yahoo.com/ q/h?s=GBDX. PK
The company recently announced that they are considering options to
increase shareholder value. The possible options are RUMORED to
include a possible dividend and/or additional share buybacks. An
update from the company is due and may come out very soon.
In the opinion of "Pennies to Dollars" GBDX is oversold and
undervalued. Currently trading in the mid .002`s; we strongly feel
that GBDX is overdue a bounce back up to a pps closer to .01;
especially if the company announces a dividend or additional diamond
sales.
Information provided in this profile is the express opinion
of "Pennies to Dollars".
We ask that our members and anyone that views our stock profiles,
updates, and forums always do their own due diligence BEFORE
investing money in any stock mentioned on or picked by "Pennies to
Dollars" or any of our affiliated stock forums.
Disclaimer: We own shares of GBDX and other stocks that we buy and
sell for profit. "Pennies to Dollars" and its affiliates have not
received any type of compensation from GBDX or any other third party
in exchange for this stock profile.
Act in Spite of Fear and Uncertainty
Blockman
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