Global Diamond Exchange, Inc. (GBDX)

[texas tom]

My first reaction, after reading the GBDX PR, was that the De Beers family might be interested in buying a controlling interest in GBDX through the purchase of GBDX management stock. De Beers could then form a strategic partnership with GBDX, much like they have with Moet Hennessy Louis Vuitton (LVMH) SA. The De Beers flagship operation is in Limpopo SA. The same as GBDX. My later reaction is a takeover by a local black owned diamond producer or white owned who needs some black control to comply with the Black enterprise empowerment (BEE) provisions of South African law. I believe the new directors are South African blacks.

The present directors are temporary until a takeover is effected.