LATEST GBDX OPINION ...WITH NO LINK
Alert
December 09, 2007
This is a major alert to keep a close eye on GBDX for the rest of the month.
Merry Christmas To You All
Sincerely, Hal Engel aka WillyWizard
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SECOND daily info below::::::
I REMAIN CONFIDENT GBDX WILL Tender!
Readers,
I think you are going to soon find out I continue to have my pulse on GBDX. I think the trigger mechanism will be triggered soon.
I understand many of you are wondering what is going on. I am no different then you are but from rumors last month we should be close.
I believe the 15c211 is real. I also believe the final elimination of the time frame protecting the short from the Grandfather Clause is real. It was 35 days from October 15th, about December 4th. Both these events are trigger mechanism possibilities.
I have no doubt that Sib Almas is going to take GBDX private. I still believe Sib Almaz can pay for this entire deal off the shorts need to cover. How this will effect our shares is a wild card but the tender to take GBDX private is what I really care about. I say great Sib please let er rip and pay for this deal off the short's troubles.
Thank you,
Hal Engel
(7,478,025 shares as of 12/08/07)
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Readers,
We still had some sellers manipulating the stock by selling and attempting to buy back at bids or below. At current levels these flippers can't hurt the share price much. Accumulation has been steady and strong for weeks.
I still believe the rumors of a 15c211 could be true. Some think I am reaching but this is the only way GBDX could upgrade to a higher exchange and put out financials to validate the company and the merging company are real. They don't have to actually move to the higher exchange but the financials validating the entire current company financials and Sib Almaz would allow a Tender Offer that would look more then credible.
At this time I am just setting back and watching for some type of company update such as a letter from the CEO or a Form 15c211 filing. It would be nice to have both.
Thank you,
Hal Engel
(7,478,025 shares as of 12/01/07)
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Last Week
Readers I am still looking for some type of filing like the 15c211 or some type of official correspondence from the company. I don't expect this correspondence to be to far off and after we read about GBDX/SIB Almaz we will have a clear road map ahead so we can make prudent investment choices. The main choice I want to confront is whether or not to Tender my shares at the pre determined price. A filing or something very closely related to a filing is the only way we could make any choices. This still seems like the logical next step for the company to make.
I do understand this stock play has taken a long time, much longer then I anticipated. I remain confident my choice to hold will reward me and your choice to hold will reward all of you.
Thank you,
Hal Engel
(7,478,025 shares as of 11/25/07)
____________________________________________________
Readers,
Last week I wrote about a 15c211 that would give everyone all the information that would be needed by the SEC and shareholders to determine or see their investment has value. I believe this value will show everyone a possible worth for the upcoming tender.
I sent this out a few days ago and think it's worth putting in this Weekly Newsletter.
This is my opinion
Readers this 15c211 doesn't mean a Tender is not going to happen. It is a way to prove value and stop any halts when tender is filed or related news is starts to be announced.
GBDX Update
November 14, 2007
I have sent out links about what is needed to tender. Most have read
them and for those that haven't the more important point is the
structure of Global Diamonds and Sib Almaz since they have gained
control. I am going to make this brief.
Headline GBDX Web Site "When can I see the financial information?"
The company is in the process of hiring an S.E.C. approved audit firm
with multilingual capacities. The company only wants to release
reviewed or audited financial data. This includes size of the first
shipments, sales, profits, share structure. All financial data that
would be relevant to normal GAP accounting procedures and audit
standards. It will be released to all shareholders at the same time.
The companies goal is completely audited and disclosed financial
information. As soon as the reviews are complete and signed off the
company will release information. When the audits are complete the
company will evaluate the merits of another exchange.
My opinion
GBDX Shareholders most ignore what is on the company web site, I
DON"T!
Even in the tender process Global has to show it's true value to
validate a decent Tender Offer. If they don't the SEC will halt
trading for 10 days and I am sure Sib Almaz will not let this happen.
It's the new guys running the show not a phantom take over company
like many want you to believe.
When you read this statement focus on every word but I don't believe
the true intent is going to a higher exchange unless it's a
conglomerate of four or five companies once Global has been possible
taken private then returns trading as a new company.
What I do believe
GBDX could possible file it's financials. This could happen any day
and is needed. Everything in that paragraph would be included up to
date. "The companies goal is completely audited and disclosed financial
information. As soon as the reviews are complete and signed off the
company will release information."
This Would Be huge
Readers if GBDX files it could be in a Form 15c 211. This filing
would meet SEC requirements and when the Tender is announced no
questions would be asked and no halt would take place by the SEC.
This is a SERIOUS filing and has every thing included in the filing.
The is a Market Maker filing. I believe this filing will be done by a
friendly Market Maker that the company has found to represent them in
the direction they are headed," The company's ultimate goal is to
eventually exit from the domestic markets."
The basic idea behind designing Rule 15c211 was to provide fully
reporting public companies an easy way to have their securities
quoted on the National Association of Securities Dealers' Over-the-
Counter Bulletin Board (NASD OTC/BB). A company intending to obtain a
quotation for its securities has only to file in some simple
disclosures through form 15c211, commonly known as form 211, with
NASD, and once approved, it will be able to trade its stock on the
OTC/BB.
Nowadays, going public has become an appealing proposition for most
entrepreneurs due the advantages, as attracting more potential
investors and more capital, it offers. There are basically two ways
for a private company to become a public company, first, is the
Initial Public Offering (IPO) method, and second is the reverse
merger method. Due to benefits as higher valuation, easier capital
formation, inexpensive acquisitions, and lesser costs and risks, most
capitalists prefer reverse merger method for going public.
As soon as the reverse merger process is completed, two tasks are
performed:
#1 The private company gives its name to the newly formed public
company.
#2 An information statement called 8-K, which includes the
information about the newly formed company, its new officers and
directors and its stocks, and a full description of its business and
financial statements audited to US GAAP standards, is filed within 4
days of the merger.
The basic reason behind reverse merger was to be able to trade
publicly, and for this to happen, the newly formed public company
must register with the Securities and Exchange Commission (SEC). The
company can use SB- 1, SB-2, or Form 10 for registration. After about
three to four months, SEC will declare the registration statement
effective and thereafter, the new public company will become a
reporting company.
The newly formed public company, which is also a reporting company,
must also have a symbol. To obtain the symbol, the company would have
make an application to the NASD, which requires filling of Form
15c211. """ Only a market maker who is the member of the NASD can
fill Form 15c211. """ Important Note!!!
Although there are no stringent financial requirements to be listed
on the OTC/BB, but NASD ensures that the company's affairs are in
order, and there are at least 40 to 50 shareholders and sufficient
float before approving Form 15c211. The entire process takes about
three to six months. Once, NASD approves Form 15c211, the company can
have its securities quoted on the NASD OTC/BB. Source Link 15c211
Brief Summary
To file a 15c211 doesn't mean they have to go to a higher exchange. It
does mean they are headed in that direction and they disclosed all
financials.
This sentence is key so they have a Market Maker backing their
play. "Only a market maker who is the member of the NASD can fill
Form 15c211."
Readers
This is my opinion and if it happens this is one of the steps needed
to move to the Tender. Also nobody could question the validity of
Global Diamonds. It would all be public knowledge in a publicly filed
document.
Back in March the Tender was filed. I understand it's months later
but to file a 15c211 it takes time. If this happens some serious
eyeballs are going to pop out, the longs, the shorts and the SEC and
many non committed buyers.
(7,478,025 shares as of 11/17/07)
