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Gold Coast Mining Corp. (GDSM)

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Last Post: 4/23/2014 3:55:34 AM - Followers: 1023 - Board type: Free - Posts Today: 2

                                                                                                                                                                                                                                                                                            

 

GDSM Conference Call to take place Mid-April 2014 (After MJ-Xchange.com goes live)



ABOUT GOLD COAST MINING

Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.

Over the last several months the Company and its management have been working to settle previous debts and obligations, continue the preparation of its Form 10 and position the Company to capitalize on the available opportunities, whether mergers or acquisitions, that may currently present themselves to Gold Coast.

Gold Coast Mining Corp. is a holding company with interests in the mining and energy sectors. The Company's goal is create a vertically integrated oil division and continue its diversification into other high growth industries. The primary goal is generate cash flow to sustain and grow profitability.

In conversations with one of Gelpid's principals and through additional due diligence into the marijuana industry, the Company believes that opportunity exists to participate in the growth via acquisition/construction of "turn-key" grow facilities. Additionally, settlement talks have increased to include a focus on structuring the new MMJ subsidiary.  MJ subsidiary (MJ Acquisition Corp.) was established and register in the state of Colorado 3/5/14.


  

New website now up http://gdsmholdings.com/

                                                                  

                                               
                                                 



                                                 

MJ Acquisition Corp.
ID number: 20141153313
 
Link: Colorado Secretary of State Business History and Documents - MJ Acquisition Corp. (must search on left side of CO SOS page as the link times out after 2 hours)
 
Link: Colorado Secretary of State Business Certificate - MJ Acquisition Corp. (registered 3/05/14)

 


Current GDSM Business Plan to Enter MJ Sector (rationale from recent PR)

Through additional due diligence into the marijuana industry, the Company believes that opportunity exists to participate in the growth via acquisition/construction of "turn-key" grow facilities, as well as, retail dispensary locations. Both would have identical looks to create a recognizable brand for roll out into other locations/states as laws are changed. (The dispensaries cannot be owned by a public company.  However, the company can own and lease the land and buildings.)
 
Given the capital required to pursue this strategy, the Company, via its subsidiary, would propose to be the general partner and raise capital from private investors. Obviously, the Company would retain an interest and control the brand.
 
This real estate strategy would complement the private business or be a standalone business line. 
 
The new subsidiary is being worked on with the Company's legal advisor.

 
 

Breakdown of the known MJ Subsidiary business plan:

1. Build the online presence and roll the accessory side into it.
 
2. Buy the grow facilities for supply and distribution.
 
3. Buy the commercial real estate assets to lease to dispensaries.
 
4. Sell accessories through the website, brick and mortar stores, and local dispensaries (including those under lease agreement).
 
5. Supply the dispensaries and other parts of the channel.
 
6. Begin to look at other markets outside of Colorado.

Right now most MJ companies are bits and pieces of an integrated business.  GDSM is looking to bring all the parts together to form a more integrated business model.

 

Items completed by the company as of 3/21/2014.

1. The initial steps of setting up the MJ subsidiary in Colorado have been completed.

MJ Acquisition Corp. was established on 3/5/14 in CO.

 
2. MJ-Xchange.com was purchased by the company.

GDSM will be moving forward with developing its social media aspect of its business. The Company believes this will site will attract people interested learning more about the industry, advertise their products, as well as the Company's products, and provide a forum for users to interact via their own accounts.




Management Team:

President:  Michael F. Shea

Mr. Shea was recently appointed CEO, and he has more than 25 years of Corporate Finance experience having held senior positions at Citigroup, ABN Amro, GE Capital & Bank of America.

Shea’s background includes mergers & acquisitions, capital raising, structuring finance, restructurings and investor relations with for Fortune 1000 companies (e.g. Massey and URS), as well as, junior miners (e.g. Imagin Natural Resources and St. Cloud Mining). Mr. Shea’s experience has also included a position as Chief Financial Officer for a small-cap junior mining company listed on the TSX Venture Exchange, with full responsibility for audits, Exchange reporting, legal, investor relations and capital raising.

Mr. Shea’s success at structuring and completing capital market transactions for billion dollar companies is a timely advantage for the junior mining industry:
 

  • $15 billion of senior debt financings

  • $7 billion of fixed income issuances

  • $2 billion of M&A activity

  • $100 million of equity capital.

 

Share Structure:



AS has been rasied to 6.5B (2/13/14): From PR dated 2/18/14 -- "Finally, the Company wishes to address its share structure. The current common stock outstanding is approximately 3.2 billion shares and has not changed in the last 90-100 days. The Company was looking at an acquisition that would have required the issuance of a significant amount of stock. To accommodate this potential acquisition, the Company raised the authorized amount of common stock to 6.5 billion. In light of current events, the Company is no longer pursuing this acquisition but will reserve the authorized for settlement negotiations and future opportunities."  

 

CURRENT GDSM SHARE STRUCTURE - Addresses Dilution too:

First, the company is in the process of changing Transfer Agents (TA) from Continental to one that is open (ungagged) and friendly to shareholder requests for share structure (SS) information. The change should occur very soon.
 
Understanding the current SS and what has occurred since the beginning of 2013 (verified via company filings and by GDSM management):
 
The company had to dilute last year (2013) - 1.235B in dilution occurred because the company had debts to pay and prior management did a very poor job of reigning this in. Well, those debts have been paid. One more debt rolled off in November and that hit the float this year, so the OS went from 1.965B to 3.2B (in 2013) and then 100M was added in 2014 to make it roughly 3.3B.
 
In terms of the company stating no dilution - one must remain aware that those statements are for the time periods indicated (it is not totally open-ended). It doesn't mean the company has not put some shares in the market to raise operating capital to get the audits completed, deals done, etc. However, once the SS is revealed I believe that everyone will see that dilution has been very minimal (think 100M to 250M shares and that is all -- OS of 3.4 to 3.55B). Additionally, the funds have been raised to generate revenue, grow the company, finalize clerical issues, and bring value to the business and its stakeholders. Companies do this all the time -- large cap companies are no different, with respect to equity financing.
 
Going forward the company is seeking private financing that has restrictions placed on the shares that are shareholder friendly (non dilutive). GDSM is working to keep the OS as tight as possible -- one will see in the coming weeks and months if one decides to stick around.


Transfer Agent:  Continental Stock Transfer & Trust Company
17 Battery Place
New York, 10004
212-509-4000
continentalstock.com
cstmail@continentalstock.com


FYI - The TA refuses to release any information about share structure to investors.
It is the policy of Continental Stock Transfer to not release share structure information for any company that they represent to the public. 
Mike Shea (GDSM CEO) is aware of this and is planning to change to a transfer agent that does not have this policy.

 

Chart From GDSM Tweet Feb. 20 2014: (GDSM is Highlighted in Navy Blue)

https://twitter.com/GoldCoastMining

 

GDSM Daily Chart:


                                                                        
 

 

Recent News:

Gold Coast Mining Announces Corporate Update (Marketwired - Mar. 21, 2014)

Gold Coast Mining to Roll Out MJ-Xchange.com (Marketwired - Mar. 19, 2014) 

Gold Coast Mining Announces New MJ Subsidiary (Marketwired - Mar. 11, 2014)

Gold Coast Mining Announces Corporate Update (Marketwired - Mar. 4, 2014)

Gold Coast Mining Announces Corporate Update (Marketwired - Feb. 26, 2014)

Gold Coast Mining Announces Corporate Update (Marketwired - Feb. 18, 2014)

Gold Coast Mining Announces Corporate Update (Marketwired - Feb. 11, 2014)

Gold Coast Mining Announces Lovito Resignation (Marketwired - Nov. 8, 2013)

Gold Coast Mining Accounces New CEO - Mike Shea (Accesswire - Jul. 8, 2013)

 

 

 


 







 











Useful Links:


http://www.barchart.com/quotes/stocks/GDSM
http://www.globenewswire.com/index.html
http://www.stockguru.com/
http://finance.google.com/finance?q=gdsm
http://www.kitco.com
http://www.stockwatch.com/
http://stockpromoters.com/Stock_Quote/companydata.aspx?qm_page=48436 - L2 / Time & Sales

 




NO REVERSE SPLIT, MJ ACQUISITION Corp. COMPLETE


Gold Coast Mining Co @GoldCoastMining Feb 13

Also, neither the company nor its financiers have any shares in the market. (i.e. there is no dilution occurring).


NO REVERSE SPLIT

Gold Coast Mining Announces Corporate Update

WILTON, CT--(Marketwired - Feb 11, 2014)

"the Company refuses to allow a reverse split followed by substantial dilution"


MJ ACQUISITION Corp. Subsidiary Filing COMPLETE


WILTON, CT--(Marketwired - Mar 11, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM) (PINKSHEETS: GDSM) is pleased to announce the completion of a new subsidiary. The Company's new subsidiary is named MJ Acquisition Corp., registered in the State of Colorado. MJ Acquisition Corp. is now the entity for all the Company's marijuana related activities including mergers and acquisitions.

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Wiki
GDSM News: Gold Coast's Announces Conference Call and Updates Beta Testing 04/16/2014 10:40:00 AM
GDSM News: Gold Coast's Beta Testing Progresses to Last Phase 04/10/2014 08:30:00 AM
GDSM News: Gold Coast Provides Progress Update 04/04/2014 08:00:00 AM
GDSM News: Gold Coast Provides Corporate Update 03/21/2014 04:15:00 PM
GDSM News: Gold Coast Mining to Roll Out MJ-Xchange.com 03/19/2014 01:15:00 PM
PostSubject
#124503  Sticky Note UPDATED GDSM CATALYSTS – 3/24 Ardbeg 03/24/14 04:07:44 PM
#124107  Sticky Note Gold Coast Mining to Roll Out MJ-Xchange.com Ardbeg 03/23/14 09:41:24 PM
#124104  Sticky Note GDSM DD BIBLE - MARIJUANA SECTOR!**** 3/23/14: Ardbeg 03/23/14 09:31:27 PM
#119162  Sticky Note -GDSM- Chart has played out beautifully! Seriously, where TASSMASTER 03/07/14 10:55:07 PM
#127558   Check out http://mj-xchange.com/ Looks like there working on Rich888 04/23/14 03:55:34 AM
#127557   It's a good thing when you get shorted Rich888 04/23/14 03:46:44 AM
#127556   Hopefully we see a pre run before the LittleGiant88 04/22/14 11:47:27 PM
#127555   Looks like the 6's and 7's are gone. untamed72 04/22/14 11:35:21 PM
#127554   Haha I know, I was just making a Phil34653 04/22/14 11:02:40 PM
#127553   Yes it is still blocked and that is LittleGiant88 04/22/14 11:00:39 PM
#127552   It's generally not a good thing. Shorts can md3423 04/22/14 11:00:02 PM
#127551   Tried Friday and it was still blocked...glta. md3423 04/22/14 10:53:49 PM
#127550   Anyone know if this is still being blocked PIRstockboy 04/22/14 10:28:03 PM
#127549   How did we kick their ass? Doesn't that Phil34653 04/22/14 10:25:07 PM
#127548   Shorts were out today in full force and Rich888 04/22/14 09:24:34 PM
#127547   Mike is working on several deals in Colorado untamed72 04/22/14 08:37:33 PM
#127546   Agreed. Phil34653 04/22/14 07:03:38 PM
#127545   http://ih.advfn.com/p.php?pid=nmona&article=61869285 couple more applications and ad RB_79 04/22/14 06:48:22 PM
#127542   Anything actually happening in the CO behind this wingswomennbeer 04/22/14 06:42:28 PM
#127541   supposedly on April 29th, 2014. I RB_79 04/22/14 06:38:20 PM
#127539   DON'T MISS LAUNCH OF MJXCHANGE MONDAY OR TUESDAY..OF..NEXT..WEEK!TICKTOCK!HUGE. MasterHugeProfits 04/22/14 05:04:25 PM
#127538   Good stuff coming IMO. A lot of news md3423 04/22/14 04:21:04 PM
#127537   Haha okay! Welcome on board and good to have LittleGiant88 04/22/14 04:13:38 PM
#127536   That was my first post ever, just been Gldnboynd 04/22/14 04:10:55 PM
#127535   Yeah if we go up one tick everyday, LittleGiant88 04/22/14 04:09:02 PM
#127534   Im patient, ill take an uptick a day Gldnboynd 04/22/14 04:06:54 PM
#127533   We haven't closed green two days in a LittleGiant88 04/22/14 04:00:27 PM
#127532   Oct 31, 2013, 2.3b OS, April 22, 2014, ttmasher 04/22/14 01:24:33 PM
#127530   Past 40 days? Where is this lol and TheBestInvest 04/22/14 01:22:18 PM
#127529   Really, Shea has "DILUTED 400m shares, during the ttmasher 04/22/14 01:17:45 PM
#127527   I would think that a PR., is in ttmasher 04/22/14 01:12:16 PM
#127526   I'm looking forward to it. It will jdstinger 04/22/14 01:07:51 PM
#127525   Going to heat up here soon times next GM_Tech 04/22/14 12:57:26 PM
#127523   you have to wonder if this turd will tapioca 04/22/14 10:58:28 AM
#127522   5m just went @ .0008 :0 jagsrocknfl 04/22/14 09:32:10 AM
#127521   I'm not gonna talk about how the website LittleGiant88 04/22/14 09:23:30 AM
#127519   I'm still holding and "occasionally" loading. LittleGiant88 04/22/14 09:15:42 AM
#127518   There is a diffferent site coming. Im done untamed72 04/22/14 09:14:46 AM
#127517   He is holding all the cards until the untamed72 04/22/14 09:13:36 AM
#127516   I have repeatedly said from what I have untamed72 04/22/14 09:09:40 AM
#127515   Good Morning RockSolid! Here is to a Green 2014! untamed72 04/22/14 09:07:19 AM
#127514   $GDSM is going to run into April 29th. jagsrocknfl 04/22/14 08:26:46 AM
#127513   Good Morning! Let's go GDSM!! Snootable_Snunshine 04/22/14 08:15:33 AM
#127512   Morning GDSM faithful! Rocksolid68 04/22/14 07:39:51 AM
#127511   I totally agree with you Chuck.. And yes its LittleGiant88 04/22/14 07:23:19 AM
#127509   Good morning $GDSM! Nice to see you. kgreenman21 04/22/14 07:16:51 AM
#127508   GDSM...long and strong! $$$ bwallman 04/22/14 07:03:28 AM
#127505   Absolutely! That statement right there means there is LittleGiant88 04/22/14 02:56:18 AM
#127504   Exactly. That quote right there makes me believe TheBestInvest 04/22/14 02:53:03 AM
#127503   He needs to constantly release PRs. LittleGiant88 04/22/14 02:32:49 AM
#127502   I don't think it's going to be similar LittleGiant88 04/22/14 02:29:16 AM
#127501   That's what exactly makes me not believe any LittleGiant88 04/22/14 02:21:22 AM
#127500   I'm not. Snootable_Snunshine 04/21/14 11:51:10 PM
#127499   You guys know you are violating the disclaimer TheBestInvest 04/21/14 09:47:55 PM
PostSubject