Global Diamond Exchange, Inc. (GBDX)

[Tacoz]

That kind of garbage is worthless. There is no validation of that claim. GBDX knew that people would not take this p.r. at face value, and that is why they said in 2006 there would be a disclosed audit after the very first shipment . 2 years later they did not carry it out and that tells smart money that it was all a bluff.




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Global Diamond Grading Stones, Set to Open Office
Market Wire, November, 2006
Global Diamond Exchange (PINKSHEETS: GBDX) is pleased to announce that its first diamond shipment has arrived in New York. The finished stones are currently being grade certified and sales will commence as soon as the process is completed. The company anticipates that everything should be completed by Monday, November 13th. Furthermore, company buyers are scheduled to depart overseas next week to begin purchasing parcels of rough to cut for the next shipment.

Also, in response to a very large number of shareholder queries, the company is currently updating its corporate web site to include management, officers, and directors. Additionally, Global is in the process of hiring an audit firm with international accreditation and multilingual capabilities to schedule and complete the audit process both domestically and internationally. This will provide the base to be current and compliant under the new Pink Sheets standards and/or application to another exchange.
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The real proof would be the s.e.c. approved audit that was promised after the very first shipment. Without that we have no way to validate those claims, no way to know if they made a profit, no way to see if the diamonds really came. Case in point is the previous shell of GBDX called World Wide Cannery Distribution--- they were operating a fake caviar company and blabbing in p.r. how they had a lucrative license and how they were making gobs of money selling expensive canned fish products-- well it came to pass that a prague news agency proved their warehouses were empty! Then World Wide Cannery and Distribution (who soon after reverse merged into gbdx in 2006) they said they were really a empty can making "container" business to cover the lie. Well saying something on a p.r. is not proof because no one verified this. It is a bluff by the anonymous board of directors with no verifiable biographies (also promised since 2006 but never disclosed). We know it was a bluff because the audits promised on the 2006 shipment were never done! It doesn't take that long for an audit.

Posted since 2006 On GBDX website FAQ:
"Can we have the officers and directors biography’s?
Yes, the web site is being updated to reflect the current management structure and their experience. " (This never was updated as of July 2008).



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Posted in 2006 on GBDX website!

http://www.globaldiamondex.com/faq.php

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.



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The bogus pump below happened only a few months before the wwcd cwas completely folded up and the reverse merger to GBDX took place. What happened to all the great import/export licenses, 12 million a year revenues etc? It was never validated- all a bluff- and now GBDX pulls the same exact thing-- all a bluff- no validation.
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Market Wire, April, 2006
E-mail Print Link World Wide Cannery and Distribution Inc. (OTC: WWCD) is pleased to announce that its wholly owned subsidiary, the Seafood Factory, is set to expand its sales force in order to keep up with an increase in demand and productivity. The Seafood Factory is scheduled to hire four additional sales representatives to help the company deal with its new production capabilities.

With the recent acquisition of a distribution center and complete European Union Certification, World Wide Cannery, along with the Seafood Factory, are now able to expand output and increase overall production. The Seafood Factory has already reached close to 3.5 million Euros (US $4,200,000) in sales for the first three months of 2006. With crab season only now approaching, the Seafood Factory is on pace to increase its sales figures by roughly 60% from last year. In fiscal year 2005, without complete EU Certification, the Factory was able to produce 14.5 million Euros in sales.

More
Articles of Interest
World Wide Cannery Distribution Moves to Florida.
World Wide Cannery and Distribution Becomes Global Diamond Exchange
World Wide Cannery Shares Surge on Sale of Seafood Factory Stake.
World Wide Cannery Sells Its Ownership of the Seafood Factory, Eliminates Debt
World Wide Cannery Subsidiary to Expand Sales Force to Meet High Demand. Related Results
World Wide Cannery Changes Address.
World Wide Cannery Distribution Moves to Florida.
World Wide Cannery and Distribution Becomes Global Diamond Exchange
World Wide Cannery Shares Surge on Sale of Seafood Factory Stake.
World Wide Cannery Sells Its Ownership of the Seafood Factory, Eliminates Debt

Furthermore, World Wide Cannery and Distribution Inc. is working with the Department of Homeland Security in obtaining security certification for Seafood Factory products entering the United States. Certification from the DHS will make it easier for clients in the U.S. to receive their products in a more timely and efficient manner and will also increase the Seafood Factory's ability to export into the United States.







http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BewareOfPumpAndDumpStocks.aspx
http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp
http://www.sec.gov/investor/pubs/cyberfraud/signs.htm
http://www.sec.gov/investor/pubs/cyberfr