Not.You mean to say 7 week ago Lindy.7 weeks with the suitor
not one,not two,not three not four,not five,not six,but 7 weeks so far and we do not know what price has been negotiated.If there was a price they should announce it.
We are sharesholders too.We need to be updated too, like AURC,and ACMG updated their sharesholders,and they keep update them.We deserve the same.The BS talk they do not want to pump the stock and all that, is all BS to me.
The stock is weak.If people believed it it would not be .005 and ready to visit the .004s again.
Global Diamond Exchange Inc. Management Considers Potential Takeover or Merger
NEW YORK, March 7 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX) is pleased to announce that management has been approached by another company that is viewing Global Diamond as a merger or buyout prospect.
Management will analyze any offer made by this company to determine whether it is viable, and once an offer is made it will be analyzed along with any other competing offers that may materialize in order to maximize shareholder value. A third-party fairness opinion may then be sought. This is the first stage of negotiations, and a due diligence period must follow any agreement.
Alex Cherebkov, President of Global Diamond, stated: 'The Company is excited that a potential suitor has surfaced. Our business model was structured to increase shareholder value through revenues and possible acquisitions. Though this is an unexpected avenue, we are however delighted at the prospect. We are evaluating all options.'
In the event an agreement between the two companies is reached, an appropriate announcement will be made and the necessary forms will be filed with the Securities and Exchange Commission. At that time, we will state: 1) the final transaction structure, and 2) the disclosure needed to fulfill management responsibilities ensuring all shareholders' rights and other obligations are met.
There are no guarantees at this time that a transaction will occur, just that the company has been approached for a potential takeover or merger. Management will communicate and update the shareholders through press releases when appropriate. Currently, only preliminary negotiations are in progress.
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russian Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the 'Act'). In particular, when used in the preceding discussion, the words 'plan,' 'confident that,' 'believe,' 'scheduled,' 'expect,' or 'intend to,' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
SOURCE Global Diamond Exchange Inc.
DARE TO DREAM.LISTEN TO IT AT HARD TIMES.
