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Corrections to that post...
There are 100M series E shares authorized and 41M outstanding. GDSM is negotiating the return of some series E shares as well as the reduction of the conversion rate.
At the current conversion rate, the conversion of all of the outstanding series E would increase the O/S to 1.5B but not exceed the current A/S of 2Bil.
The quarterly filing is due within 45 days of end of the company's fiscal quarter. (due by 8/14/13)
The shares converted and sold were to pay the auditor and SEC attorney for Form 10 filing.
LOL oh but the outstanding share count IS approaching one billion... and the PPS the trips.
The "Pure delusion" statement obviously.
Thank you for that DD!
Mmmmmm bacon. Love it!!! LOL
The conference call has me pumped. Can't wait to see what the new CEO can do! GDSM
Add another million shares to the dumped list. Nothing but selling going on here. No interest AT ALL.
They will need to increase the A/S again soon so they can by the mine back from Grand View in a few months. ROFL!!!!
Might be properly valued and worth buying when it hits about 0.0005. I might actually buy back in then. LMAO!!!!!!!
Yes. Controlled dilution.
Those are the words of the new CEO from the conference call today. Nice to have a CEO who communicates with the shareholders.
New website coming with new direction! Will be generating revenue soon!!!
Audited fins, Form 10... GDSM will be fully reporting. UPLIST COMING!!! Yeah baby! I'm locked and loaded with shares and those who aren't are going to regret it!!!! ROFL!!!!!!!!!!!!!!!!!!
GDSM is going to make us RICH!
Hopefully higher than that.
Texas Tea!
Controlled dilution.
That is true. IMO our chances just got A LOT better here.
GLTY as well.
And the new CEO doesn't seem too concerned with it. He has contacted Jalped Associates and is going to work with them to resolve it. As he said... he wouldn't still be the CEO if he didn't think it could be worked out.
The details are going to be in the audited fins.
Not finding oil. It is micro investments in exesting oil to get GDSM a revenue quickly.
Mike sounds like he really knows his stuff. Everyone who listend would probably agree that he sounds legit.
Did you listen to the conference call? All of that was covered.
No reverse split.
GDSM has very little actual debt. Nowhere near $14m.
- CEO compensation is $10k per month via cash and stock... with options. Will be outlined in the audited fins.
- The interest in the oil wells will be a working interest.
- Website coming. Possible name is GDSMholdings.com
- Mike encourages investors to call or e-mail him and "is available".
- Change of direction into oilwell investment for immediate cash flow (as soon as 90 days).
- Dilution being reduced except for cash flow acquisitions.
Moving to a non-gagged TA.
Audit and form 10 in process. Consultant paid in half, SEC lawyer paid in full. Looking at 4-5 weeks for complete audit.
For those who wanted transparency... this guy is giving it 100%. So far, Mike is a blessing for GDSM!
GDSM conference call in 15 minutes.
Dial-In Number: (218) 862-1300
Conference Code: 673661
It IS clear as day. Do you not know what botique means?
Silvermine Advisors LLC is a boutique investment and strategy consulting firm focusing on both public and private companies in the mining industry. We also work with private equity funds, institutional investors, and others that provide capital to these companies.
As a strategic advisor and partner, we provide a full range of services to help our clients increase visibility, unlock stakeholder value and access resources to grow their business. To accomplish this, we integrate relations, strategy, and IT capabilities and apply them to carefully conceived and expertly enacted tactics.
So no they are not just a PR firm.
Uhm... No it isn't and no where in the PR is that stated. Did you even read the PR?
Who said anything about typos at fault? What will the next nonsense be? LOL
OR... he isn't perfect. GASP!
It is not the "day job" of the CEO to issue PRs. That is actually a courtesy to us shareholders. I couldn't care less about an insignificant typo just as most investors wouldn't. The overall message in PR is all that matters. (Hint - it is very good).
Well that is a lot of nothing to take issue over. I bet he ties his own shoes and gets his own coffee also.
Well it's not like it was that hard to figure out. Others here didn't seem to have any issues getting the number and calling him and/or e-mailing him. Maybe Mr. Shea intentionally typo'd the information as an intellegence test for investors and to keep the ignorant from contacting him.
Typos happen in EVERY publication. Dictionaries, encyclopedias and even The Bible has typos. It is not a reflection of professionalism.
If they R/S here, don't invest in it until it makes it to the trips again because that is where it will inevitably end up. No R/S ever turns out well in the pinks.
If however, the CEO is patient, builds the company and investor confidence while bringing the PPS up with it, maybe then a R/S would be in order... but only AFTER it is above a penny. And THAT will only work IF they file for an A/S reduction at the same time.
Except that there was a verified mine with verified gold and a plan and contract in place to proceed with extraction. What was lacking was funding and that fell through. Had it not, the claims made would have come to fruition. Too many assumptions are flying around without any DD ever done. The assumption of "nothing happened so it is a scam" is false. I did the DD and know exactly what happened so don't tell me what GDSM is.
None of that matters now though. New game in town. What is the new CEO capable of? Cheap tickets are now for sale for those who like the potential of making money.
So any company that has had a proposed event not come to fruition is a scam? Intentions fall through all of the time in business and it is especially hard for companies in this market. That proves nothing. "Seems to me" doesn't prove anything either.
There is no proof that GDSM is a scam. The only proof would be if GDSM was investigated by the SEC, found guilty and shut down. That hasn't happened and won't happen because GDSM hasn't done anything illegal. Stock prices rise and fall and in the pinks it can be very dramatic. Most of the PPS movement rarely has anything to do with the company itself.
All of this "SCAM" talk is just that... talk.
Call the new CEO. He will tell you straight up what is happening. Good things coming for GDSM!
I think so too. I hope the CEO has his flack jacket on.
It's on the list. Until the conference call though, all anyone can do is speculate.
I'm with you. A R/S would be the worst move that the new CEO could make right now for GDSM. While I agree that the SS needs to be reduced, I don't think it should be the first order of business. Build some credibility for himself and GDSM through positive actions first and then address the SS issue.
Maybe after he gets GDSM moving in the right direction first. R/S is usually a killer in the pinks.
ROFL. I'm not wrong. You don't add the AS and OS together. The OS is part of the AS. (subtract the OS from the AS to get the remainder)
Not correct. There are only 41mil series E shares issued and outstanding.
That makes sense since it takes 3 days for shares to clear with a broker. So, bottom line is that shares have to be bought by close tomorrow and must be held until cleared which is the 12th. Anyone buying or selling on the 10th or 11th get nothing.