GBDX - Global Diamond Exchange, Inc. Message Board

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Gold/Mining/Energy : GBDX - Global Diamond Exchange, Inc.

GBDX 0.00

Oct 28 4:00 PM EDT

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To: SG who wrote (22)	6/30/2007 3:34:16 PM
From: Douglas V. Fant	Read Replies (1) of 36

SG, Well it means that Sib Almaz captures a lot of upside value to the business for itself. That's the bad news and that's why Sib Almaz approached GBDX. The good news is that since GBDX is publicly-traded, they'll need to pay some value to the current management/shareholders in order to induce them to go along with the deal. That "inducement" just IMHO will be to raise the price of the shares to a level that will "refloat" the value of the management's warrants and stock options. Most of those warrants/options, if issued last year, must be in the .03 to .10/share range. So, assuming that Sib Almaz found no "warts" when they did their dd on GBDX, and assigning some value to the preferred shares if they were issued, then Sib Almaz, if they move forward, will probably offer something in the .04+/ share range, with caution that we are dealing with a pink sheet stock.....

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