Global Diamond Exchange, Inc. (GBDX)

[Tacoz]

What good did it do to "stick it out" with your example. What a horrible company you brought up. Didn't GPGC lose money (Jan 2006 at the merger it was worth $0.05, now its worth $.0014 ). In Oct 1999 that stock traded as high as $8,500/share and pushed over $2000 for several years after. Now its almost trading as low as GBDX and it can't get much lower.

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In reply to
Posted by: texas tom Date: Sunday, August 03, 2008 2:48:25 AM


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.



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