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Gold Coast Mining Corp. (GDSM)

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Last Post: 4/18/2014 12:51:20 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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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
#59683   You've got that right.. it's pretty choppy. BreakoutMojo 03/22/12 10:48:24 AM
#59681   People sell of at 0073 and a 008 PhisHD 03/22/12 10:44:40 AM
#59680   Phase II is "Covered" or "Compensated For"..( meaning duelittle2 03/22/12 10:44:32 AM
#59679   Looks like the price is gradually being bid RichieRich1 03/22/12 10:44:07 AM
#59678   Trust me big things are coming for gold. steve48135 03/22/12 10:43:52 AM
#59677   This is jumping all over the place on BiPolarBear 03/22/12 10:43:37 AM
#59676   Shake n Bake! BreakoutMojo 03/22/12 10:41:34 AM
#59675   Good post! Just keep in mind though, there $b_rich$ 03/22/12 10:41:33 AM
#59674   I agree. steve48135 03/22/12 10:38:15 AM
#59673   yea...well, they're red too and will get even $b_rich$ 03/22/12 10:37:52 AM
#59672   thanks for all your work and postings bud..much appreciated good deal 03/22/12 10:37:31 AM
#59671   I'm now pretty much resigned to the fact duelittle2 03/22/12 10:35:42 AM
#59670   Yep! It's going to be good too imo....the Boxden 03/22/12 10:34:20 AM
#59669   We will witness panic on Wall street. Just steve48135 03/22/12 10:33:49 AM
#59668   That's what im saying. GDSM is and will Boxden 03/22/12 10:27:57 AM
#59666   Let's see. Citrati 03/22/12 10:25:19 AM
#59665   eventually this will get down to strong hands $b_rich$ 03/22/12 10:24:35 AM
#59664   Now thats funny. bundyelvis 03/22/12 10:22:04 AM
#59663   Yes, and that mean less money being spent steve48135 03/22/12 10:21:22 AM
#59661   canadapetro, GDSM has a joint venture mining partner wickw50 03/22/12 10:21:11 AM
#59660   THE CLAIMS $b_rich$ 03/22/12 10:20:10 AM
#59659   You said the same thing yesterday, try harder tomorrow. Reecy 03/22/12 10:18:33 AM
#59658   damn wtf? jeff1981 03/22/12 10:18:17 AM
#59657   Maybe only one but he has a BIG SHOVEL!!! BiPolarBear 03/22/12 10:17:29 AM
#59656   GDSM Mining only has 1 employee. myopinion 03/22/12 10:15:56 AM
#59655   And if I'm wrong that just means we steve48135 03/22/12 10:13:57 AM
#59654   Good. Everyone just needs to prepare for what steve48135 03/22/12 10:05:46 AM
#59653   10-4 That, Still in here and keeping my REDEMPTIVE 03/22/12 10:00:46 AM
#59652   WoW 0085 back up that quick!!!!! PhisHD 03/22/12 09:57:57 AM
#59651   lol....500,000 shares is a butter knife whacking on drugtester 03/22/12 09:56:22 AM
#59650   I'm not bashing believe me I'm pro GDMS. steve48135 03/22/12 09:55:59 AM
#59649   GM longs, less take charge and close this smokestack 03/22/12 09:55:01 AM
#59648   Wack wack wackkkkkk, Poor GDSM tree getting bid Logik 03/22/12 09:52:52 AM
#59647   sure could! Everyone needs to pay attention on $b_rich$ 03/22/12 09:50:57 AM
#59646   Take that back. Don't expect big moves for steve48135 03/22/12 09:50:37 AM
#59645   the day just started--lol---this is setting up for Z732Z 03/22/12 09:49:35 AM
#59644   Gap has been filled!! Ready to roll!! PhisHD 03/22/12 09:49:25 AM
#59643   Filled. With some upside volume this could really BreakoutMojo 03/22/12 09:48:33 AM
#59642   I think the entire stock market is kinda steve48135 03/22/12 09:44:20 AM
#59641   What's up, stock studs? Big move outta Aeschylus1 03/22/12 09:42:23 AM
#59640   gm Reecy:) I didn't get it either because $b_rich$ 03/22/12 09:41:55 AM
#59639   Well heck, I never get gloom and doom Reecy 03/22/12 09:41:02 AM
#59638   LOL..that may be CLAK:) Either way, people need $b_rich$ 03/22/12 09:38:56 AM
#59637   Me too bro!! PhisHD 03/22/12 09:38:11 AM
#59635   I'm looking for that gap to fill and $b_rich$ 03/22/12 09:37:18 AM
#59634   Buy these dips ladies n gents the ask Logik 03/22/12 09:36:37 AM
#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
PostSubject