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Gold Coast Mining Corp. (GDSM)

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Last Post: 4/19/2014 10:36:10 PM - Followers: 1024 - Board type: Free - Posts Today: 27

                                                                                                                                                                                                                                                                                            

 

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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GDSM
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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
#67248   keep it up and I'll add more ;-) $b_rich$ 05/11/12 11:47:18 AM
#67247   imo it could still go lower, with little hellcatjr 05/11/12 11:44:22 AM
#67246   Looks to me like we have some nice $b_rich$ 05/11/12 11:26:38 AM
#67245   Volume has pretty much dried up. hellcatjr 05/11/12 11:25:09 AM
#67244   Purty quiet here today. ;-) That includes on Aeschylus1 05/11/12 11:22:39 AM
#67243   good job. I've been slowly accumulating for some Kashkat 05/11/12 11:22:38 AM
#67242   Well, there goes the 58's. I could sub756 05/11/12 11:16:27 AM
#67241   100,000 @ .0058 and then over half a Kashkat 05/11/12 11:14:02 AM
#67240   pretty please! sub756 05/11/12 11:13:43 AM
#67239   The ask is 58. Can someone please provide sub756 05/11/12 11:12:05 AM
#67238   welcome Nicodemus24! $b_rich$ 05/11/12 10:22:13 AM
#67237   Konnichi wa, boys! Same old, same old, right? Aeschylus1 05/11/12 09:45:10 AM
#67236   That would be nice! We are looking better today:) $b_rich$ 05/11/12 09:43:01 AM
#67235   day just started Z732Z 05/11/12 09:42:10 AM
#67234   Mornin b_rich! And all my GDSMers!! I'd like bobbs 05/11/12 09:41:48 AM
#67233   Haha, I like the way you think Nicodemus! bobbs 05/11/12 09:39:05 AM
#67232   LOL, that wasn't my point. I can see hellcatjr 05/11/12 09:37:55 AM
#67231   REDEMPTIVE 05/11/12 09:37:45 AM
#67230   Locked and loaded. REDEMPTIVE 05/11/12 09:37:42 AM
#67229   great buying opportunity here---stock is more than due Z732Z 05/11/12 09:36:46 AM
#67228   Good A.M. Go GDSM! PR?? REDEMPTIVE 05/11/12 09:35:13 AM
#67227   Good Morning to you All, tazmania1 05/11/12 09:29:09 AM
#67226   Hello and good morning! I just signed Nicodemus24 05/11/12 09:28:39 AM
#67225   ..00.52x00.66 Don Quixote 05/11/12 09:26:30 AM
#67224   Lets go gdsm.... Don Quixote 05/11/12 09:25:10 AM
#67223   Good morning all! $b_rich$ 05/11/12 09:20:41 AM
#67222   lol! It's definitely interesting, lol $b_rich$ 05/11/12 12:18:00 AM
#67221   ;-) $b_rich$ 05/11/12 12:12:03 AM
#67220   Heading back home tomorrow. Had an awesome time DTGoody 05/10/12 08:34:51 PM
#67219   Whoever hit the ask last, thanks for the oilcantech 05/10/12 04:36:23 PM
#67218   tomorrow is Friday!!!!!!! tazmania1 05/10/12 04:30:52 PM
#67217   Someone actually mind posting an L2 shot for everyone? hellcatjr 05/10/12 03:18:38 PM
#67216   MAXM is there for show folks...they never have much. $b_rich$ 05/10/12 03:13:47 PM
#67215   I just slapped the ask... trying to create cmark1778 05/10/12 03:06:28 PM
#67214   Are the people in your sig GIF all coldspell727 05/10/12 03:02:22 PM
#67212   POWER HOUR!!BOOM!!!!!!!!!!!!! REDEMPTIVE 05/10/12 03:00:04 PM
#67211   Hey their just as good right here in tazmania1 05/10/12 02:49:45 PM
#67210   I hear the herbs are awsome in Hawii. Lol baulsdp 05/10/12 02:45:52 PM
#67209   Hey hey whats happening....getting pretty toonen close to tazmania1 05/10/12 02:32:05 PM
#67208   Hey buddy good to see ya did you chambers52 05/10/12 01:47:46 PM
#67207   Thanks! Don't post much but still hold my DTGoody 05/10/12 01:35:05 PM
#67206   Looks like CDRG is back to bidding...maybe we're $b_rich$ 05/10/12 01:32:01 PM
#67205   Still hanging in here with you all. Can't DTGoody 05/10/12 01:30:30 PM
#67204   L2 is looking extremely thin up to .0069. ENZO57 05/10/12 01:14:09 PM
#67203   Heck Yeah TTMasher... that is what I am cmark1778 05/10/12 01:05:25 PM
#67202   I have a question for you about Volume big white dog 05/10/12 01:05:13 PM
#67201   Keep rambling, nice post. Still hanging in there ttmasher 05/10/12 01:03:47 PM
#67200   doing well my friend :-) CARS 05/10/12 12:48:45 PM
#67199   good to know CARS:) Doing good! Hope all $b_rich$ 05/10/12 12:47:00 PM
#67198   hanging tight also b rich... Just sitting back CARS 05/10/12 12:44:13 PM
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