Global Diamond Exchange, Inc. (GBDX)

[Tacoz]

I did some DD research and I am very new to all this but I am coming over to your view. This kind of thing seems common in pinkies and the burden of proof is on the company to show they are real. The red flags of the many name changes of the company after promises of big things didnt look good. The red flag of the CEO and Sib Almaz and GBDX showing up on not a single search (except for this new stock) was not a good sign. The Rapaport diamond trading news - I saw an article that came out earlier this year and GBDX refused to let them visit the site and were secretive. Now thats all fine and good they can be that way, but the burden of proof to throw away your money- well its on them. Soooo now what. I would buy low and sell high and hope they dont hold their breath too long cause its looking pathetic.

My calculations show they need to move 82 million a year to cover a 1 penny value on the stock, and they dont deserve a high multiple on the value since there can be competition later and they havent proved themselves yet. And if the russians left new york before why wont they leave again. Oh and the vague reference to "we were here 17 years ago" for pete sake could they give you any more specific information that can be verified.

I'm all out for now and I learned my lesson about what goes on in pink land.

On top of my letdown (based on my research) I am really kicking myself because one of my bluechips (makes kitchen appliances) on my radar went up 13% yesterday and I wasnt in. I got out today on the news, and my profit minus the costs was beating my average but nothing to brag about compared to you high rolling pink chasers.

Good luck guys. If you guys hit the motherload I am proud of you all and you deserve it. Just be sure you dont lose your pants. I needed to get out because the more I learned the more I saw this happen over and over and I didnt want to let my greed be conned. I am not a sucker. I at least want a blue chip where we can put their ass in jail if they con you.

I respect both sides opinions and maybe I will be back after I get a Zecco account and I can trade super small and just have more fun with shooting in the dark.