Global Diamond Exchange, Inc. (GBDX)

[leebret]

That would tell you they don't intend to go private, wouldn't it?




Regarding Fall Season: Sixty five to seventy percent of the year's business can be realized in the Fall season, and Global plans to increase the staff to accommodate this added activity. Global has significant ability to buy diamonds with their venture partners, and has been successful in turning these shipments at a profit in an efficient manor. New management is also currently implementing a different business strategy; which includes a more aggressive approach in offering inventory as individual pieces and lots. This business model will allow qualified buyers to view individual pieces and allow the company to generate more profit on these pieces. New management plans to keep substantial inventory (as allowed by insurance limits) on hand at all times for lot sales, as well as, pieces for individual purchases.