Global Diamond Exchange, Inc. (GBDX)

[Tacoz]

Heres your answer kc-

If many people are selling out their entire position, there are some other longs buying them out because they can double their position for 10-time or even 50-times less than they went in at. When the price is so much lower they are doubling or tripling their position.

someone called something like wikid wizard says he owned
7,478,025 shares as of 12/11/07 but
20,043,000 shares as of 08/15/08.

If someone averaged .003 for his first 7.5 million shares (at $22,500 ), he could have added another 13 million at .0002 for only $2600 this week.

So there's your answer, the people that stick around (or even newbies) are spending a small fraction of what those shares originally went for, when people bail. But the sad thing is that the people who will make out better are the bailers cause in the end its only getting worse (its a race to see what happens first, reverse split vs. revocation and stuck with unsellable stock that can't be traded). If it reverse splits then the share value will sink to the bottom like a rock in water.
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Posted by: StocksKC Date: Friday, August 15, 2008 3:18:38 PM
In reply to: Orangeman3 who wrote msg# 77057 Post # of 77083

Only Question I like to find out where is 2.85b shares then?
Many longs left the boat already!!
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