GRDB.. Penny Bounce Play

[Aufan 1983]

I posted this one in the tramp thread but thought it might get more attention with its own thread.

Down big today on no bad news that I can find. Closed yesterday @ .25 went as high as .30 this morning and then fell like a rock down to .083 before bouncing. I bought a starter position of 5,000 @ .105 and tried to get 5k more @ .10 but had no luck.

The former 52 week low was .22. Here is the latest news:

Global Roaming Distribution Launches Major French Distributor
Wednesday May 28, 7:00 am ET
CelTrek Joins Fox Communication's Laura SIM at MEDPI 2008


MIAMI--(BUSINESS WIRE)--Global Roaming Distribution (OTCBB:GRDB - News), a telecommunications holding company specializing in providing affordable full service roaming solutions for worldwide corporate and leisure travelers, was proud to attend MEDPI 2008 in Monaco and celebrate the launch of France’s Fox Communication Laura SIM.
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Powered by Global Roaming technology, Laura SIM stands ready to offer the European market the same cost savings and service of the GRDB flagship product, the CelTrek SIM card.

Laura SIM is a trademark of LCD Distribution, part of Fox Communication Group. LCD Distribution is the number one authorized dealer of Cellular Line, which offers a full line of mobile accessories. Jean Nataf, CEO of the Paris based company, has been distributing mobile phones and plans for over 25 years and will market Laura SIM through its 720 locations.

“We see Laura SIM, loaded with all the Global Roaming features, as the most competitive SIM product on the market. With over two decades’ experience in this market, we know what the consumer wants. This technology, with these features and its super pricing is the perfect addition to ensure our reputation for being on the cutting edge of cellular service,” Nataf commented.

Nataf invited GRDB CEO Florian Y. Seroussi to take part in the Laura SIM launch at MEDPI, which is the premier European expo for the distribution of interactive products. It is considered to be the professional meeting point for new digital technologies and their consumers. The three day show brings together all the buying decision makers for consumer and SOHO distribution networks.

“We are proud to support Fox Communication’s new Laura SIM product, knowing they have the expertise to reach all the right European markets that need this low cost, but fully featured, alternative to high roaming costs,” said Seroussi.

More information can be found about MEDPI at Medpi 2008, Accueil and a full description of Laura SIM can be found at LauraSIM - No.1 du Roaming.

“The anticipation of Laura SIM in the French and European market further emphasizes our premise that Global Roaming Distribution and our CelTrek product is in the right place at the right time to meet, not only end user demand, but the demands of distributors and resellers, to finally have a roaming solution for the growing numbers of international travelers,” Seroussi added.

About Global Roaming Distribution, Inc. (GRDB.OB)

Global Roaming Distribution, Inc. is the parent company of CelTrek, an international global SIM card company.

CelTrek™ is the first US-based SIM product of its kind. Just one CelTrek SIM card covers over 170 countries, all continents with a local US phone number at prices up to 90% lower than those of other major US carriers.

By forming strategic alliances on over 450 GSM systems, embracing the latest features in SIM technology and bundling that with a corporate management system, CelTrek is positioning itself to be the business roaming solution for corporations and leisure travelers around the world. For more information please visit CelTrek™ - The One for Global Roaming.

[sg1efc]

This seems strange to me. Anyone look at the chart? If I looked at the correct chart, this stock plummeted from about $4.50/share just a couple days ago?

Am I missing something? And bid/ask is around .13 cents a share? Something seems fishy here, lots of laughs.

Edit:

Do you think it's too late to get in on this Aufan?

[Aufan 1983]

Originally Posted by sg1efc

This seems strange to me. Anyone look at the chart? If I looked at the correct chart, this stock plummeted from about $4.50/share just a couple days ago?

Am I missing something? And bid/ask is around .13 cents a share? Something seems fishy here, lots of laughs.

Edit:

Do you think it's too late to get in on this Aufan?

I looked at the chart and agree something screwy is going on. Only a guess but if I were looking to enter I would wait and see if you can buy for .12 or less. As crazy as this has moved it might dip again

[sg1efc]

Originally Posted by Aufan 1983

I looked at the chart and agree something screwy is going on. Only a guess but if I were looking to enter I would wait and see if you can buy for .12 or less. As crazy as this has moved it might dip again

Cool, Thanks for your advice, I put a small limit order in at .105

[Aufan 1983]

Originally Posted by sg1efc

Cool, Thanks for your advice, I put a small limit order in at .105

Hopefully you will be able to grab a few. I wouldn't mind seeing it there for another shot.....

[sg1efc]

Originally Posted by Aufan 1983

Hopefully you will be able to grab a few. I wouldn't mind seeing it there for another shot.....

That would be nice. Still searching for news on this, maybe it's just someone selling a Lot of shares all of a sudden?

Shares Outstanding: 164.7M

[sg1efc]

Ok, I just found this info:
GRDB: Memorial Day pump & dump (with emphasis on the dump)

GRDB: Memorial Day pump & dump (with emphasis on the dump)
May 25, 2008 – Comments (9)

Over the last five days, the stock of Global Roaming and Distribution (OTC BB: GRDB) has dropped 70% on no news. To those familiar with pumped penny stocks, this is unsurprising. The pump and dump scheme is quite simple: a company or a large shareholder pays a publisher to print amazingly optimistic advertisements for the company that are sent out to hundreds of thousands if not millions of investors via mail, email, and fax. The information published about the company is either absurdly optimistic or downright false. The SEC never gets involved unless the statements are verifiably false, so the publishers usually stick to insanely optimistic predictions (which are protected speech, no matter how absurd). While the stock soars, shareholders of the company sell their positions at inflated profits.

As usual with pumped up penny stocks, GRDB is way overvalued, even after its recent 70% stock price decline. With 164.7 million shares outstanding as of the filing date of its most recent 10Q, Global Roaming has a $211 million market cap. What do investors get for their $211 million? They get a book value of $3.1 million, no revenues, and a loss of $78,000 in the most recent quarter. Global Roaming has such a small chance of ever selling its product or earning a profit that it is pointless for me to criticize it in any more detail.

In return for publishing the tout sheet, Eric Dany’s Stock Prospector received $32,500 from ILDM Incorporated, which was itself paid with 3.34 million shares of GRDB stock for publicizing the company.

[Aufan 1983]

Originally Posted by sg1efc

Ok, I just found this info:
GRDB: Memorial Day pump & dump (with emphasis on the dump)

Nice find.... Thats the typical penny world. I going to hold it unless it pops up before the close. I'll try for a bounce next week

[Texasrunner43]

I got in at .11 last Friday on this. Any suggestions on what bounce amount to look for for an exit point?

[Aufan 1983]

Originally Posted by Texasrunner43

I got in at .11 last Friday on this. Any suggestions on what bounce amount to look for for an exit point?

Texas... I was hoping for .20 but sold out @ .14 only because I'm not very patient. Only a guess but I would shoot for .16 which would be about a 46% profit.

I think you will get it but who knows about this crazy market. Best of luck