Global Diamond Exchange, Inc. (GBDX)

[mannecloneman]

Myself and pontiyak and perhaps others on this board owned a stock by the name of Globetel. 18 months or so ago, (gtem)announced there was a 600 million dollar deal in the works with a group of Russian investors to supply telecom goods and services to a number of key cities in Russia. Deadlines came and went, the deal never happened and the stock price fell dramatically. It's now doubtful that the group of investors ever existed. I'm not saying this will happen here but the track record for consummating honest and timely agreements involving Russian partners is sketchy at best. I hope I'm wrong here because I did go ahead and invest a small amount in gbdx but sh*t has been known to happen when Russians and money are involved.