Global Diamond Exchange, Inc. (GBDX)

[texas tom]

I believe the story is not over for Global Diamond. Several years ago, I invested in a company called Universal Development Corp. - UDVE. They were mining for diamonds in Brazil. The company ran into trouble. I stuck it out. The company subsequently was bought out by Mindenao Gold. Later, that company was bought out by Paneraima Gold. So a buyout or merger with a company having assets is possible. Even on the gray sheets. GBDX is not a shell company. They do have a license to export rough diamonds from Russia to the U.S. They may also have an inventory of diamonds.

My attitude is wait and see. My decision to buy or sell, even if trading on the gray sheets, will be based on published news releases.