Global Diamond Exchange, Inc. (GBDX)

[texas tom]

The thrust of the Federal indictment against Helen Bagley is that she cooperated in the selling of unregistered securities without a restrictive legend to CMKM shareholders. These securities were granted to Edwards, et al for alleged services rendered. She is facing a prison term of 20 years to life. Bagley was arrested when she was served with the Federal indictment. She may be out on bond until the trial commences. During this time, Bagley's attorney may be filing motions to sever her from the other defendants. Also, she may be offered a plea bargain to disclose where the assets are.

I don't think we will hear from Orangeman3 and his accomplices again. THEIR ASSIGNMENT ON THIS BOARD IS COMPLETED.