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Gold Coast Mining Corp. (GDSM)

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Last Post: 4/19/2014 7:39:04 PM - Followers: 1024 - Board type: Free - Posts Today: 23



GDSM Conference Call to take place Mid-April 2014 (After goes live)


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




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. 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

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)


GDSM Daily Chart:



Recent News:

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

Gold Coast Mining to Roll Out (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: - L2 / Time & Sales



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).


Gold Coast Mining Announces Corporate Update

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

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


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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Current Price
Bid Ask Day's Range
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 03/19/2014 01:15:00 PM
#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 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
#58587   looks ready--just need some pressure on the ask Z732Z 03/20/12 09:40:42 AM
#58586   Right! Bought 500th more yesterday at .0092, that ttmasher 03/20/12 09:40:20 AM
#58585   We know they're serious on making this work ttmasher. $b_rich$ 03/20/12 09:38:47 AM
#58584   60 min. chart TA_Sleuth 03/20/12 09:38:38 AM
#58583   Saw that, thanks smitter, read part of it. ttmasher 03/20/12 09:37:42 AM
#58582   BE WISE with what you have, are LarryM1977 03/20/12 09:37:24 AM
#58581   agree Boxden! $b_rich$ 03/20/12 09:37:11 AM
#58580   Good morning--lets have a great week Z732Z 03/20/12 09:36:30 AM
#58579   I like how they're still keeping up with Boxden 03/20/12 09:36:24 AM
#58578   Annual report out today ttmasher! $b_rich$ 03/20/12 09:34:49 AM
#58577   The new smoke screen that is attempting to LarryM1977 03/20/12 09:34:35 AM
#58576   GDSM... Next leg around the corner. CH Chrion Capital 03/20/12 09:33:46 AM
#58575   Looks like they're gearing up for a new $b_rich$ 03/20/12 09:30:06 AM
#58574   baulsdp, This was the post I was responding to: J Robert 03/20/12 09:29:46 AM
#58573   Are we sure Marc will release this week? 7kidsmom 03/20/12 09:28:27 AM
#58572   good morning everyone, lets have a good day. ironhand 03/20/12 09:28:24 AM
#58571   Yep, progressing along quite nice. Big LarryM1977 03/20/12 09:18:32 AM
#58570   quick eye ya got there!!!! nesgag 03/20/12 09:10:38 AM
#58569   NICE! GDSM more filings :-) Boxden 03/20/12 09:09:31 AM
#58568   GDSM annual report just issued on pinksheets. smitter 03/20/12 09:07:47 AM
#58567   Morning, folks. What's in store for GDSM today? Aeschylus1 03/20/12 09:05:11 AM
#58566   Agree a company does not need news everyday, ttmasher 03/20/12 09:00:56 AM
#58564   awesome chart.. thanks for posting it on the board.. nesgag 03/20/12 08:58:34 AM
#58563   I usually don't use this expression, but LOL!!! J Robert 03/20/12 08:51:04 AM
#58562   Why do people here think we have to have hulk_eye 03/20/12 08:47:30 AM
#58561   GDSM, needs some news/update, last one was March ttmasher 03/20/12 08:09:15 AM
#58560   Gary, thanks I'll look into it. I sub756 03/20/12 07:00:14 AM
#58559   congrats on holding 2 1/2 years ballstreet 03/20/12 06:39:23 AM
#58558   I agree. We should be getting news mte 03/20/12 06:29:14 AM
#58557   [][ ballstreet 03/20/12 06:05:12 AM
#58556   Im going to stick with original chart I BurntOrang3 03/20/12 03:29:48 AM
#58555   Good Morning, GDSM'ers smitter 03/20/12 03:22:39 AM
#58554   Not quite sure i understand the question swing_trader 03/20/12 02:40:07 AM
#58553   So how are they managing a financing w/o BBseller 03/20/12 02:00:39 AM
#58552   Looking for a nice 50+ million share day PhisHD 03/20/12 01:07:16 AM
#58551   Im betting so!! :-) PhisHD 03/20/12 12:41:46 AM
#58550   Impressive! Does this mean the stock will Chatee 03/20/12 12:39:49 AM
#58549   Since charts were going up I thought I PhisHD 03/20/12 12:05:08 AM
#58548   They did say they were building a pond ballstreet 03/19/12 11:47:19 PM
#58547   Great post and chart... asked another chartist. nesgag 03/19/12 11:40:51 PM
#58546   $$$$$$$$$ DAILY CHART TECHNICALS $$$$$$$$$ rand0m 03/19/12 10:26:34 PM
#58545   :-) big family, more loves to go around hpham10 03/19/12 10:18:59 PM
#58544   agree...many times a stock can accumulate and run $b_rich$ 03/19/12 10:03:31 PM
#58543   My guess is the reason they don't allow smokestack 03/19/12 09:30:02 PM
#58542   Agree with your point smokestack. I guess Garyst 03/19/12 09:22:58 PM
#58541   And as far as i'm concerned that is smokestack 03/19/12 09:10:36 PM
#58540   Correct. It's so easy to do and Garyst 03/19/12 09:00:28 PM
#58539   I concur. I use a margin account Sonofspeedracer 03/19/12 08:44:24 PM
#58538   sub756, you may want to convert your account Garyst 03/19/12 08:41:16 PM
#58537   My wag will be phase 1 report and $b_rich$ 03/19/12 08:40:12 PM