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Gold Coast Mining Corp. (GDSM)

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Last Post: 4/17/2014 4:23:35 AM - Followers: 1026 - Board type: Free - Posts Today: 5



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
News News Alert: Gold Coast's Announces Conference Call and Updates Beta Testing 04/16/2014 10:40:00 AM
#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
#59633   Interesting that someone/Group, would take the time sending ttmasher 03/22/12 09:35:56 AM
#59632   Looks like a nice price spike right at RichieRich1 03/22/12 09:35:00 AM
#59631   alot of dips yeaterday, waiting for a more ironhand 03/22/12 09:34:34 AM
#59630   good morning to everyone here...stay strong and lets good deal 03/22/12 09:33:35 AM
#59629   GM IH.. Limitless1 03/22/12 09:32:19 AM
#59628   good morning everyone. ironhand 03/22/12 09:31:21 AM
#59625   This is going to be the color of Don Quixote 03/22/12 09:24:28 AM
#59624   Your right straight BS, soon enough the games Limitless1 03/22/12 09:23:52 AM
#59623   Unfortunately it is tommie0908 03/22/12 09:21:41 AM
#59621   Lets do this right today. steve48135 03/22/12 09:19:33 AM
#59620   GM folks!! I'm still in $GDSM for $20k breakout_trader34 03/22/12 09:19:07 AM
#59619   GM bud! And all! PhisHD 03/22/12 09:17:15 AM
#59618   GDSM looking to bounce off these lows IMO Logik 03/22/12 09:16:16 AM
#59617   Good morning to you as well Smitter and gzone 03/22/12 09:13:59 AM
#59616   Gm B Rich, I am ready for a Limitless1 03/22/12 09:09:28 AM
#59615   Yes. What you said. :-) Warmy 03/22/12 09:07:35 AM
#59614   Hang tight... come on marc!!! michaelangeloglass 03/22/12 09:03:23 AM
#59613   Good morning all! Let's have a better day:) $b_rich$ 03/22/12 08:56:47 AM
#59612   Good morning. Down day, overall, for the stock RichieRich1 03/22/12 08:53:48 AM
#59610   All in all not a bad day yesterday, LarryM1977 03/22/12 08:42:22 AM
#59607   yeap-don't wait to long--lol- ----------------------- Z732Z 03/22/12 07:42:38 AM
#59606   I agree with you. My previous post iamnobody 03/22/12 07:36:52 AM
#59605   Everyone hang on to those shares!!! mte 03/22/12 06:43:52 AM
#59604   I agree. The DD here is solid. mte 03/22/12 06:42:46 AM
#59603   Good Morning Smitt. Let's hope we have mte 03/22/12 06:34:01 AM
#59602   Good Morning, GDSM ' ers smitter 03/22/12 04:03:52 AM
#59601   Well said i totally agree. CA$HBAG$ 03/22/12 02:15:22 AM
#59600   Right on Wick! eom Rocky05 03/21/12 11:40:05 PM
#59599   Citrati - Excellent post.eom Rocky05 03/21/12 11:37:56 PM
#59598 duelittle2 03/21/12 10:30:00 PM
#59597   Yes sir I concur! :-) PhisHD 03/21/12 10:26:09 PM
#59596   These should be made as stickies for all Mac the Knife 03/21/12 10:25:55 PM
#59595   I'm gonna need the stock to drop to zgraen 03/21/12 10:25:19 PM
#59594   I got some new fundage to burn on zgraen 03/21/12 10:22:46 PM
#59593   Totally true. Citrati 03/21/12 10:22:23 PM
#59592   it is truly a shame there are so tommie0908 03/21/12 10:19:38 PM
#59591   Today was also a double bottom off of Warmy 03/21/12 10:18:40 PM
#59590   If I were him, I wouldn't post either. Citrati 03/21/12 10:16:49 PM
#59589   agreed 100% tommie0908 03/21/12 10:14:00 PM
#59588   That .012 gap open is a fluke on PhisHD 03/21/12 10:09:51 PM
#59587   He still reads the board with whatever time Doctah Shtock 03/21/12 10:04:47 PM
#59586   I hope he isn't the billionaire invested in jeff1981 03/21/12 09:57:47 PM
#59585   Exactly right Boxden 03/21/12 09:57:00 PM
#59584   The Bearish Engulfing signal is gonna spook some iamnobody 03/21/12 09:54:44 PM
#59583   What happened to Redshirt? I would like to smokestack 03/21/12 09:52:45 PM
#59582   Or even on Page 6 of the annual: PhisHD 03/21/12 09:50:03 PM
#59581   Very easy to see on Page 4 on PhisHD 03/21/12 09:47:25 PM
#59580   Yes it is sad, when money is involved chambers52 03/21/12 09:47:09 PM
#59579   It's sad what people do to scare people Boxden 03/21/12 09:38:07 PM
#59578   Citrati, The most recent proof of what you wickw50 03/21/12 09:20:49 PM