Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
over 116% up congrats wick!!
Good job, Rocketeers. This one is going to go so high going to need oxygen.... enjoy the flight...
Gold Coast Mining Announces Corporate Update
Boston, MA., December 21, 2011 – Gold Coast Mining Corp. (Pink Sheets: GDSM), announced today the following corporate update:
Joint Venture Projects
As previously announced, the Company had entered into 2 joint venture mining properties with Western Sierra Mining. To date, the Company has experienced difficulty in securing enough shareholder-friendly capital to get the mines into production. Most opportunities for funding involved reverse splits, substantial dilution and “floorless” convertible debentures. Although the capital needed would be in place, it would be counter productive to the current shareholder base. The Company has and will continue to avoid these types of financing sources. The Company continues to work with its joint venture partners to bring one or more projects into production.
Corporate Filings
A tough economic environment for capital and strains on the Company’s resources caused Gold Coast to become delinquent on its disclosure and financial filings. The lack of current information moved the Company from CURRENT INFORMATION on the Pink Sheet system to STOP, making it that much more difficult to secure capital.
Over the last six months, Gold Coast Mining has been working diligently to bring its financial filings and disclosures current on Pink Sheets. The Company has filed all delinquent reports up to and through the period ended June 30, 2011. The September 30, 2011 Quarterly Report will be filed in the next few days. This is the only remaining filing necessary to satisfy the requirements for CURRENT INFORMATION status on the Pink Sheet Teir system.
In the last quarter, a total of 125mm new shares were issued to eliminate debt and secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current. As of this date, the capital structure of Gold Coast Mining is 579,887,086 shares issued and outstanding with 380,018,336 shares held in CEDE & Co (the tradable float).
Short Term Agenda
Recently the Company has been working with its partners to select and come to terms on a property that will have the funding commitment and structure in place that is beneficial to its shareholders. It is expected that the details of the project including timelines and structure will be forthcoming as they progress over the next several days and weeks. While the Company may need to issue shares as debt is settled and it moves towards mining production, management has been and remains commited to no reverse splits and/or toxic financings as part of this process.
Additionally, the Company is in the process of securing a legal and accounting team to audit the Company’s books and records. This team will work expeditiously to make Gold Coast a fully-reporting company and move to the OTC Bulletin Board Listing Teir. It is important that the Company seek to upgrade its listing status as its mining activities progress. This will make capital in the future not only easier to obtain, but cheaper to the shareholders.
In closing, management will continue to push its potential projects forward, keep disclosure filings current and settle open debts/obligations. Management is commited to building shareholder value through acquisition and mining development. Regular updates and progress will be forthcoming.
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.
Gold Coast had previously secured 2 joint venture opportunities, the Oro Cache Mine and the Eagle Mine. Gold Coast is a 50% revenue sharing joint venture partner in both projects.
To date, Gold Coast has been unable to secure financing for these joint venture projects that it feels is favorable to its shareholders. Management continues to pursue capital and other potential joint venture opportunities. Currently management is working with Western Sierra Mining to secure and finalize a project, with financing built in, that the two parties will operate within Gold Coast.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
Gold Coast Mining. Contact : Marc Lovito
murmel007, This site has worked well for me in the past: http://translate.google.com/#
murmel, Every now and then I call the old rocketeer group to a possible stock that may have a chance to be one that goes "to da moon" like in the old days... I'm calling GDSM... it could explode... JMHO
Hey wick ,what is gdsm ?? Is it a new name
The GZFX/TGLN Rocketeers are going to GDSM.....eom
Wondered what happened to Pepe? John ate him.
Perhaps showtime .We hope to good times for all
I won't hold my breath... EOM
Update to follow here wick!!
you're welcome... EOM
for wickw50
thank you for you means .
murmel007, I interpret it as meaning Glenn is not going to pay for any more filings to be made, which IMO would be in violation of the contract he made to take over the company. The terms of the contract dictated that he was to keep the financials current.
Anybody want to do a class action against management??? you could probably own a company...that is if you want this one... JMHO
What is new here 15-12g is it good for a company ??
Don't forget Update to follow10:37:09 Q 0.0001 -0.0001 5,000,000
09:30:55 Q 0.0002 1,000,000
09:30:44 Q 0.0002 7,010,000 09:30:20 Q 0.0002 15,000
09:30:10 Q 0.0001 -0.0001 195
09:30:02 Q 0.0002 989,999
NIce buying pressure today
"...walk into the light, children.... all are welcome, all are welcome..." or "... bah-jez!?... bah-jez!?... we don't need no steenkin' bah-jez!..."
Noticed that assistant mods were no longer shown on boards then found this about iHub.
Wick remains the sole survivor, or, in his words, "Supreme Commander", and all you'd have to do to join him in this burdensome task(lol) is click on the add me as mod button.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68253480
Listed as Director, President, Treasurer and Secretary of TBC Global News Network, Inc. is John Fleming
Company in default in Nevada where the corporation is registered with no mention of Glenn W. McMachen, Sr.
nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=UuHJbtZ4KGYTQuHeVv912g%253d%253d&nt7=0
from Pinksheets.com:
Reporting Status Dark
Deregistered a/o Nov 15, 2011
Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company. If you have current contact information, please complete the Update Company Information Form or send an email to info@otcmarkets.com.
I thought happy hour is when we find out that John Fleming was in a coma and we toast it. My mistake :)
What is Happy Hour? When is it?
Happy Hour is a one-hour block where everybody has the premium message board features enabled for them. You can do full-text searches, send private messages, read 100's of messages in one click, etc. All the groovy extras! Everything you see on the feature matrix. Happy Hour is every Friday, from 4-5pm EST.
GLENN MCMACHEN, President Yacht Website is the CEO of TGLN
http://proto2.yachtworld.com/fairlinefl/fairlinefl_9.html
Website Offers World Wide Searches for Yachts
http://proto2.yachtworld.com/fairlinefl/fairlinefl_5.html
Trader0000, I'm at the golf course... EOM
They are not basing this "infomation" on the company. It is all about the last filing. There is nothing left to the company. Glenn was probably taken just like the shareholders and there in nothing behing the symbol. This is a short term, baseless hype that will leave lots of bagholders and when all of the "know-it-alls" vanish, the holders will not have a clue what hit them. These "runs" are true pink sheet hype scams.
JMHO
Based on what? The same non-information the last feable attempt to hype that failed? Dead dogs do not talk.
BEWARE OF THIS STOCK CHECK HISTORY FIRST WICK..WHERE ARE YOU ??
UPDATE will be nice>>in short term!!
TGLN CORPORATE WEBSITES
www.tbcglobalnews.com/
www.sterlingyachtsales.com/
Nice link).I follow this stock a long time and I already know that's link,
thank you.
We need another information and filing and new website too.. for move this stock SOON bud Sooooon!!$$
GLENN MCMACHEN, President Yacht Website
http://proto2.yachtworld.com/fairlinefl/fairlinefl_9.html
Website Offers World Wide Searches for Yachts
http://proto2.yachtworld.com/fairlinefl/fairlinefl_5.html
Here is what Forbes says about TGLN CEO ~
Glenn W. McMachen
Director, Chief Executive Officer, President, Secretary and Treasurer
TBC Global News Network, Inc.
Franklin , KY
Sector: SERVICES / Music & Video Stores
Officer since April 2010
45 Years Old
On March 19, 2010, the date of the Agreement, Glenn W. McMachen, Sr. was appointed to the Company?s board of directors. Mr. McMachen, age 45, is a yacht industry veteran with over 30 years of experience. His career began in the family business where his father owned and operated the first Sea Ray dealer in the world. Mr. McMachen worked to help build the family business, resulting in its eventual sale of the franchise in 2001. Mr. McMachen started McMachen Yachts and Fairline Florida in 2003, which featured Fairline, Tiara and Jupiter vessels. With offices in the Chesapeake Bay Area, and with headquarters in Florida, he was able to build the company so that it realized in excess of $70,000,000 in sales from 2003 through the end of 2009. In January 2010, Mr. McMachen ended the relationship with Fairline and started Sterling Yacht Sales, Inc. Mr. McMachen received his Bachelor of Science Degree in business from Northwood Institute, Midland, Michigan. On April 14, 2010, the Company?s board of directors appointed Glenn W. McMachen as the Company?s Chief Executive Officer, President, and Secretary/Treasurer.
http://people.forbes.com/profile/glenn-w-mcmachen/141300
62 Million Floatation shown on OTCMARKETS.com
http://www.otcmarkets.com/stock/TGLN/company-info
with news)).Soon!any resistance between...001..and...002
$$to follow here!
TGLN's L2 at Friday's close showed barely any resistance between .0002 and .0006
RM are generally done with clean shells, not a shell like TGLN. There are plenty of CLEAN pink sheet and/or grey sheet shells for sale out there that have been clean for a while. No "real" company would RM into a shell like TGLN.
There is always hype around any company that just files a 15-12g. Mostly it is hype for a few to make a quick$$ and mostly bagholders wondering what hit them after the fact.
jmho
A domestic US company will generally do this by using Rule 12g-4, which provides for termination by filing a Form 15 certifying that the company either (1) has fewer than 300 record holders or (2) has fewer than 500 record holders and less than $10 million in assets as of the last day of each of the company’s last three fiscal years. (In a merger scenario, the target company typically becomes a wholly owned subsidiary of the acquiring company, hence it has only one holder.)
Foreign private issuers proceed under Rule 12h-6 and Form 15F. The requirements of Rule 12h-6 and Form 15F are somewhat different than those of Rule 12g-4 and Form 15. We are going to focus on domestic filers for the moment, but if you would like to understand how this works for foreign private issuers, see pages 10-11 of our book on foreign private issuers.1
Note that the Form 15 does not take effect immediately — under Rule 12g-4, the form takes effect 90 days after filing (or such shorter period as the SEC may determine). But unlike its cousin, Form 25, the act of filing the Form 15 immediately suspends the issuer’s SEC reporting obligation (see Rule 12g-4(b)). So, you do not need to file required periodic or current reports even though the Form 15 has not yet taken effect. See C&DI
effect 90 days
TGLN Remains the thinnest L2 at this trading Range!!!
Wow thin ask! Any buyers push this one again IMO.
Bruce and all investor$ HAPPY THANKSGIVING_ALL:)Glen..anice PR for US soon!!
The lies generally told about penny stock to sell it. Also, this company is crooked, affiliated with John Fleming formerly of Gamznlfix
TGLN L2 Looks Amazing~ Nobody can debate that
Only 3million shares on the ask!!! Let's go!
Followers
|
785
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
286514
|
Created
|
03/16/04
|
Type
|
Free
|
Moderators mick train21 SmellMyFinger |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |