Global Diamond Exchange, Inc. (GBDX)

[texas tom]

All the public information on GBDX suggests that the manipulation was done outside the company. Otherwise, the SEC would have done an administrative hearing where they revoked the charter of GBDX. None of the PR's issued by GBDX were singled out as untrue. The two week suspension was only a slap on the wrist. GBDX is not a shell. There should be proceeds to either GBDX or shareholders from the Federal judgement that was obtained. There are many people that the DOJ will go after to collect on the judgement. The assets of Turino, his family, friends and associates are frozen who received ill gotten gains from Turino. Collection activity should be happening now. We should hear also about what ill gotten gains Helen Bagley received. E-mails, text messages, correspondence by mail leaves a good trail that can be followed to locate concealed assets. The naked short position in GBDX that the Dodge group brags about is also an asset.

GBDX has relocated to where the diamonds are. I am optimistic after studying some of the private diamond mining companies in South Africa that would like to access capital through a merger with a company like GBDX.