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Gold Coast Mining Corp. (GDSM)

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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
#59577   Exactly Volabe. I am very active there Garyst 03/21/12 09:17:19 PM
#59576   Let's get real folks. This is a real Citrati 03/21/12 08:50:36 PM
#59575   I got wind that pm's were going around $b_rich$ 03/21/12 08:48:02 PM
#59574   Yup!!..% of "Uneducated Buyers" way too high in duelittle2 03/21/12 08:34:48 PM
#59573   I was busy last night and today with $b_rich$ 03/21/12 08:29:58 PM
#59572   No..My apology..Just getting fed Up with Newbs that duelittle2 03/21/12 08:28:46 PM
#59571   Just got in from work, never had a stocknotsee 03/21/12 08:24:46 PM
#59570   May I Ask if you read the last duelittle2 03/21/12 08:14:41 PM
#59569   Any idea when phase 1 will be completed? stocknotsee 03/21/12 08:10:07 PM
#59568   Anybody see what happened with AT** today? All Volabe 03/21/12 08:06:44 PM
#59567   "Marc will release some very good news, very Sonofspeedracer 03/21/12 08:01:37 PM
#59566   No, Sir. How much it is going to kar1234 03/21/12 07:54:58 PM
#59565   Held the 50 day. Needs more churn now vantillian 03/21/12 07:53:30 PM
#59564   Bottom line folks....This is a investment, it is baseballfan 03/21/12 07:53:24 PM
#59563   Any idea about how much will be the Ephraim08 03/21/12 07:43:34 PM
#59562   Down by 60% kar1234 03/21/12 07:34:09 PM
#59561   when's the phase 2 results expected? tzebedee 03/21/12 07:24:42 PM
#59560   Canada had a bit of an Issue to duelittle2 03/21/12 07:20:15 PM
#59559   NI report comes off Phase I, and if duelittle2 03/21/12 07:17:02 PM
#59558   That's because the IN reports are more accurate. Insanant 03/21/12 07:16:24 PM
#59557   I think the phase 2 results will be Bigduke7 03/21/12 07:10:34 PM
#59556   NP..and Why Uplist B4 finding out watcha Got??!!...No??!! duelittle2 03/21/12 06:59:39 PM
#59555   Mineral Reserve Reporting Standards: duelittle2 03/21/12 06:58:10 PM
#59554   I did look at their website. I did Bigduke7 03/21/12 06:54:57 PM
#59553   Somebody threw out a figure of 187 ounces zgraen 03/21/12 06:47:42 PM
#59552   BTW...If New...it's all about placing the Bet/Wager on duelittle2 03/21/12 06:46:11 PM
#59551   Hold hold hold hold then sell :-) chambers52 03/21/12 06:41:27 PM
#59550   and what did your mind say?? LOL MOOSEY-LOL-LOOSEY 03/21/12 06:40:05 PM
#59549   I made up my mind when I bought chambers52 03/21/12 06:28:30 PM
#59548   Based on this bit of info: duelittle2 03/21/12 06:27:30 PM
#59547   well looks like they can't make up their MOOSEY-LOL-LOOSEY 03/21/12 06:24:48 PM
#59546   As long as we stay in an uptrend chambers52 03/21/12 06:21:08 PM
#59545   This is interesting. I am just watching on Bigduke7 03/21/12 06:20:34 PM
#59544   Closed on the low side of our uptrend Warmy 03/21/12 05:58:35 PM
#59543   The development of these claims will progress in duelittle2 03/21/12 05:56:30 PM
#59542   Looks like we had a few investors let mte 03/21/12 05:40:44 PM
#59540   Marc Lovito, President, CEO, Director duelittle2 03/21/12 05:34:45 PM
#59536   Keep your head up Chip. iwant2barafter 03/21/12 05:18:27 PM
#59533   KNOW WHAT YOU OWN ballstreet 03/21/12 04:41:49 PM
#59532   I've told you that GDSM doens't have the dejong 03/21/12 04:40:51 PM
#59530   LOL... Oh so true! :-) Actuate 03/21/12 04:30:27 PM
#59529   Go $GDSM GO !!!!!!!!!!!!!!!!!! CA$HBAG$ 03/21/12 04:14:42 PM
#59528   LOL oh its movin on down the road MOOSEY-LOL-LOOSEY 03/21/12 04:12:04 PM
#59527   No worries, big days ahead. In the mean bobbs 03/21/12 04:11:29 PM
#59526   I'm down but not worried as i'm in CA$HBAG$ 03/21/12 04:10:08 PM
#59525   Another Day in the life... Se7eN 03/21/12 04:04:32 PM
#59524   A Day In The Life of a GDSM shareholder... Se7eN 03/21/12 04:02:08 PM
#59523   Thanks to those who are positive and still ChipTFM 03/21/12 04:02:03 PM
#59522   1/3??? no way jose! I only bobbs 03/21/12 03:57:25 PM
#59520   I agree MIGHTY MOUSE!!!!! GO GDSM!!!!!!!! bigtexmex 03/21/12 03:55:27 PM
PostSubject