Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
GBDX News:
Global Diamond Exchange Considers Acquistion of Synthetic Diamond Manufacturing and Processing Facility
Global Diamond Exchange Inc. (OTC: GBDX) is pleased to announce that management has begun conducting due diligence, setting the stage for the possibility of acquiring a synthetic diamond manufacturing and processing facility in Moscow, Russia.
Global's management sees this as an opportunity to expand its operations by purchasing the land, equipment, and business of another company. This is the first stage of a proposed expansion, with the terms and conditions not yet finalized. This is something that will obviously have to occur in the event an acquisition is undertaken and if all parties agree to the terms it is viable that this transaction can be completed within 60 days.
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Global Diamond Exchange Inc. Management Considers Potential Takeover or Merger Wednesday March 7, 7:00 am ET
NEW YORK, March 7 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC: GBDX - News) is pleased to announce that management has been approached by another company that is viewing Global Diamond as a merger or buyout prospect. Management will analyze any offer made by this company to determine whether it is viable, and once an offer is made it will be analyzed along with any other competing offers that may materialize in order to maximize shareholder value. A third-party fairness opinion may then be sought. This is the first stage of negotiations, and a due diligence period must follow any agreement.
Alex Cherebkov, President of Global Diamond, stated: "The Company is excited that a potential suitor has surfaced. Our business model was structured to increase shareholder value through revenues and possible acquisitions. Though this is an unexpected avenue, we are however delighted at the prospect. We are evaluating all options."
In the event an agreement between the two companies is reached, an appropriate announcement will be made and the necessary forms will be filed with the Securities and Exchange Commission. At that time, we will state: 1) the final transaction structure, and 2) the disclosure needed to fulfill management responsibilities ensuring all shareholders' rights and other obligations are met.
There are no guarantees at this time that a transaction will occur, just that the company has been approached for a potential takeover or merger. Management will communicate and update the shareholders through press releases when appropriate. Currently, only preliminary negotiations are in progress.
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russian Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
-------------------------------------------------------------------------------- Source: Global Diamond Exchange Inc.
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imo they could be selling out and making a run for the hills. Or another name change and endeavor all together. "There are no guarantees at this time that a transaction will occur, just that the company has been approached for a potential takeover or merger. Management will communicate and update the shareholders through press releases when appropriate. Currently, only preliminary negotiations are in progress."
Kinda shoulda just waited until they knew something. imo. Someone is buying though.
Did you notice Alex Livak's contact info is missing on the pr? missing from Feb 21 and Mar 1 PR's also. no biggie though. Probably.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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Global Diamond Exchange Inc. Names Potential Suitor
12:17 PM ET - PR Newswire
Global Diamond Exchange Inc. (OTC: GBDX) filed a Schedule TO with the Securities and Exchange Commission on March 7, 2007, to inform of a potential tender offer. The Suitor, Sib Almaz of Amyrskaya Oblast, selo Skovorodeno Blagoveshensky c/t Andreyskoe, Russian Federation, is currently in negotiations with Global Diamond seeking to accomplish a friendly transaction.
Management will analyze any formal offer made by this company to determine whether it is viable along with any other competing offers that may materialize in order to maximize shareholder value. A third-party fairness opinion may then be sought. This is the first stage of negotiations, and the parties are engaged in a period of due diligence. Before management of Global will accept any offer, it must assure itself that the suitor has the financial capability to consummate the deal.
In the event an agreement between the two companies is reached, an appropriate announcement will be made and the necessary forms will be filed with the SEC. The company has already informed the SEC of a potential transaction by filing the Schedule TO. In the event of a formal agreement and commencement of the offer, the company will file another, more substantive Schedule TO and state: 1) the final transaction structure including pricing and means to tender one's shares, and 2) the disclosure needed to fulfill management responsibilities under the securities laws, ensuring that all shareholders rights and other obligations are met.
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IMO , this is a golden opportunity to buy some shares . The .007 seems to be a somewhat stable floor . It can run to .014 without much trouble at all and thats a 100% gain from here .
I've flipped it twice buy at this level and both times were quick and easy profits .
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If it does , I'll be there to snatch up some more dirt cheap shares . At this level , pretty much any news will result in 100% or more profit with no trouble at all .
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Well I guess that it is just me left. LOL Looks like we have settled between .006-.0065 for the most part. Just waiting on a good PR to get those good gains we are looking for. IMO
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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Sib Almaz Assumes Management of Global Diamonds' 46th Street Office 22 minutes ago - PR Newswire Sib Almaz, the potential merger/take-over candidate of Global Diamond Exchange, Inc. (OTC: GBDX) is in the process of renovating and restructuring the office that Global Diamond Exchange currently occupies at 2 West 46th street, taking advantage of the historically slow summer months in the industry in order to be ready for the up-coming season. The process has already started with new furniture, fixtures, and equipment having been ordered.
Global Diamond Exchange will use alternate secure storage facilities for inventory during the remodeling period. Sib Almaz has also requested their personnel be added to Global's Management team for oversight and assistance in making sure that this and any future transactions proceed smoothly. Global is in the process of formalizing these additions.
Sib Almaz has also announced the opening of a regional office in Moscow at 46 Leninsky Prospect which will be operational after the Russian Federal Holidays on Wednesday, June 13, 2007. The buyout/merger details are still being negotiated, and there are still no guarantees a transaction will be finalized. Attorneys are currently working out the details; once more information is given to us from the attorneys it will be made public.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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Findly got my Bagger out of this POS. Ran today with no news. Riding free now. I did find some rumors of a PR comming out Monday about a buy out on another message board, but have been hearing that sence May when I got into this.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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quote:Originally posted by thesource: If it does , I'll be there to snatch up some more dirt cheap shares . At this level , pretty much any news will result in 100% or more profit with no trouble at all .
Took my gains today with just under 100% profit on it. I still have some freebies as well !!
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I know that it was a long learning curve for me. I have a thick scull. LOL I guess that they are going to have to learn from hard knocks as well.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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