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Re: RonnieD post# 78682

Friday, 11/07/2008 9:09:16 PM

Friday, November 07, 2008 9:09:16 PM

Post# of 82105
Can you post what you know about the South African connection. This would be informative for GBDX shareholders.

I believe the public float can be no more than 250 million to 400 million shares. The lack of trading activity supports this contention. Most of the float is tightly controlled by several groups. Perhaps 75% is tightly controlled. The Dodge group has stated in public that they have naked short sold 1.94 billion shares. The squeeze trigger price to cover the shorts is .006. The statement that GBDX is going to be revoked is false. GBDX has more value than we may be aware of. Otherwise, there would not be a suitor. Don't be surprised if GBDX is relisted on an alternative exchange.

I don't anticipate any real trading activity until the comprehensive PR is issued. I am holding all my shares. I have no plans to sell now or anytime in the near future. I think one would have to do a lot of incremental up bidding to get any supply of shares.