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That is not what that is showing. J Rod HAS to declare the total amount of shares that he is in control of as a beneficial holder. That would include the 5277 Partners shares since they hold voting rights and he would benefit from their sale..
The two images are showing the beneficial shares held from one year (2011) to the next (2012). The differences in the two year’s filings definitely show that J Rod is controlling 5 million less shares at end of last year. I don't know if he sold them or not but he is not declaring them anymore.
Here are the possibilities...
He sold them.
He retired them.
He transferred ownership of them.
There is a mistake in the filing.
I fully understand the mechanism behind the trades. The fact still remains that the shares are being bought. For every seller there IS a buyer. There is a resaon that they are being bought.
To generalize it, let's ask two questions...
Why does an investor buy stock?
Why does an investor buy a stock at a certain price?
But someone IS buying those shares. They can't be sold into thin air. Why do you think that so many shares are being bought at this level?
What do you think the reasoning is behind those buying millions that are being sold at 0.0003 and 0.0004?
My sentiments exactly.
Not at all. In fact I think that SIRG is making every effort to bring the mine into production within the means that a company with no revenue has.
What do you mean? I see 10,587,467 shares on one image and
5,530,000 shares on the other. The images are for two different filings. The lesser amount being in the latest 10-K.
Yes, "subscribed". I mistyped that word. I'm sorry the simple mistake of a typographical error was so upsetting.
Sounds like a plan. Go ahead, take the lead!!
Wouldn't a Form 4 be a voluntary filing for J Rod. SIRG is, in fact, still an OTC company that voluntarily reports. They are neither required nor HAVE to file anything. It's great that they do... I'm just saying
The 2011 10-K states that at years end he had 10,587,467 shares.
The 2012 10-K states that at years end he had 5,530,000 shares.
Both filings state that those numbers include shares that have been suscribed but not issued.
Where did those shares go?
Rod controled the shares of 5277 Partners, LLC and will profit by their sale so he has to claim them as a beneficial holder. 5277 Partners isn't even listed in the latest filing.
That's what I'm thinking also. Accumulation has been steady and the RSI is drifting into oversold territory. I think the signal to watch closely is the 50ma. Once the PPS breaks north of that, I think we will see something. Good news will help too.
But it's not their only source. That is just one means. They have PRs, Pinksheets and Facebook currently. I'm pretty sure we'll see a new website soon also.
FWIW, most "scams" cut and run. GDSM has not done that. They are still reporting, current, communicating and moving forward even if some don't like the means or pace.
The market was informed....
SHAREHOLDER COMMUNICATIONS
In anticipation of execution of the Joint Venture Agreement and the start of work on the Gold Star Mine, the Company has launched several initiatives to keep their shareholders updated. Some of the shareholder communication platforms that the Company has launched include a Twitter account (@GoldCoastMining) and a Facebook Fan Page (Gold Coast Mining Corp.). These platforms are set up and will be active within the next 24-48 hours. The Company plans to use these platforms to keep its shareholders updated on a regular basis regarding the daily or weekly progress of its mining activities.
Additionally, the Company has retained a web development company to create its website (www.goldcoastmining.com) with blogs, pictures, video, etc. The Company anticipates a launch over the next 24-48 hours as well
Yes I saw that and I think that the SEC made the correct decision there. The whole Netflix issue was ridiculous.
I thought it funny (and maybe ironic) that that news was also released on the SEC Twitter page.
That is correct but also basing a buy decision on price history and trends definitely reduces risk. A stock bought at or near its low or in a dip has more upside potential than down. To say otherwise is absurd.
Seriously?! LOL
Thousands of companies use Twitter. In fact, it is less likely to find a company that doesn't use twitter.
I don't know but I'm pretty sure that "buy low, sell high" is a time proven means of making a profit. "Buy when ever you want to" just doesn't seem to make much sense.
That is the same for any given stock at any given time.
LOL OK. So I guess for any stock "now" is the time to buy regardless of price history. Don't bother researching price trends because getting in low is "total nonsense".
Exactly. Also, accumulation has been on a steady uptrend since the beginning of the year. People are definitely soaking up shares in anticipation of something. The lower the PPS, the lower the risk!
GDSM Tweet.. just now.
A complete Shareholder Update will be released shortly, but our 10K and Attorney Opinion for 2012 have been filed. Additionally, GDSM isworking on several potential acquisitions/investments and the repurchase of a portion of the Company's Class E Preferred Stock.
And that is exactly what the "professionals" said right before we ran to 0.034 last year.
According to the bid support, quite a few investors would disagree.
Investors accumulating before the next run.
Is there a LOI? That sounds like it has already been executed. Watch for an 8K.
I wouldn't say it "looks great". More convertible notes, increasing debt and continued unpaid debts. And then there is this...
...we anticipate that revenue may not be generated until FY2014. Our projected expenditures will likely far exceed proceeds from sales over the next twelve months, which will require that we obtain substantial financing in order for us to pursue our current plan of operations. If we do not achieve the necessary financing, then we will not be able to proceed with other planned activities, including our planned exploration activities, and our financial condition, business prospects and results of operations could be materially adversely affected to the point of having to cease operations, which would likely cause our investors to lose their entire investment.
On April 12, 2013, the Company executed a Second Amendment to the Asset Purchase Agreement (“Second Amendment”) between the
Company and Medina Property Group, LLC dated April 23, 2010, amended by the First Amendment to the Asset Purchase Agreement dated June 10, 2010. This Second Amendment provides for the acquisition of Medina’s remaining twenty (20%) percent right, title, and interest in the asset known as the Chloride Copper Mine. The execution of this transaction would increase the Company’s interests in the Chloride Copper Mine to 100%. In consideration for the 20% interest, the Company entered into a 6-month promissory note for seven hundred fifty thousand ($750,000) dollars, forty million (40,000,000) shares of Class A common stock, a 5-year convertible promissory note for four million
($4,000,000) Dollars, and a 10-year warrant purchase agreement for Medina to purchase up to twenty million (20,000,000) shares of its Class A common stock at a share price of $0.27.
Except filings and PRs. Yeah yeah, "they are bogus"... I know.
Pointless unless someone brings the bid up and supports it. No 0.005s hit this week so that's good at leaset. Highs are still trending down though.
http://stockcharts.com/h-sc/ui?s=SIRG&p=D&b=5&g=0&id=p88167539690
72% sell rating
http://www.barchart.com/opinions/stocks/SIRG
So not true. Do some research on how many legitimate companies are voluntarily de-registering their stock as of late... banks especially. It doesn't make them "non-legitimate". Reporting fees are a financial burden to small companies.
Google tip... "JOBS act".
Actually, they are filings. That is why they are found in the section called "Fillings and Disclosure". They are reporting as required and current in this market. So, as far as PinkSheets and those who invest in this market are concerned, they have NOT gone dark. The "ceasing to report to a regulator" is ancient news and not remotely relevant to GDSM right now. When GDSM uplists, however, that will be a different story.
No, they haven't in the context of THIS market. By definition, yes GDSM went dark in 2004 but that is not relevant to any investor in GDSM right now and it is very old news. If GDSM had recently been SEC reporting, stopped reporting and someone claimed that "GDSM has gone dark", THEN the statement would be accurate.
When claiming an OTC company has gone dark, it is referring to a company that is no longer communicating to its investors either through PRs or filings. GDSM has not done that and is current in filings.
A generalization that has yet to be proven here. In fact, history has shown the contrary.
The best time to accumulate a stock is when the PPS has been beat down to the bottom. Why would an investor want the PPS to go up before he/she is done accumulating?
Efforts have not only been made but answers have been received. Not all information received is shared on this site but it is there to those who try.
Also, GDSM has not "gone dark".
Because "the below" is an unprovable assumption that is pointless to discuss and the American Bulls report is factually debatable.
Not at all on either case.
That is the truth! History has a way of repeating itself.
Define 'Paint Job'. At what amount is it not concidered such? $500?
And the statement in its entirity as to not take something out of context...
A bearish pattern has developed and a SELL-IF alert is issued today. You will also see we erred badly in our previous BUY signal. So a warning is in order. A confirmation in the next session means that the signal failed. You might lose a significant amount in this case. The following guidelines, however, may protect you from further losses. The task is now to confirm the validity of this bearish pattern. We ask your effort and time. A good starting point is to keep an eye on after-hours trading and futures trading to get preliminary hints about market direction. Related news, events, economic data, and the outlook of the world markets must be closely followed prior to confirmation session.
There are three possible cases of bearish confirmation. You have to follow the session closely to see if these cases will hold or not.
The market opens with a downward gap, signaling a bearish sentiment in the first case. Your benchmark will be the opening price. If the prices stay below the benchmark, sell your shares. Any black candlestick with a downward gap is a valid bearish confirmation criterion.
(Did not happen)
In the second case, the market opens at a level, equal to or above the previous day’s close. The benchmark is that closing price. If prices during the session stay below the benchmark, sell your shares. Any black candlestick closing below the previous day’s close is the second confirmation criterion.
(Did not happen)
If, however, in both cases, the prices during the session start going over the benchmark avoid selling.
(IS what happened)
The third case of confirmation is rarely observed. The market opens with a big upward gap suggesting a very bullish day, and the day ends with a black candlestick, but still closing above the previous day’s close. Such a day satisfies the third confirmation criterion and the closing price of the black candlestick is the benchmark.
If one of the three confirmation criteria is not fulfilled, or in case of a white candlestick or a doji on the confirmation day, the SELL-IF alert remains valid, however, without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long white candlestick. Any white candlestick following a SELL-IF alert makes the signal void and invalid.
The market looks strong on the short side as evidenced by recent price activity. So you may continue to carry the existing short positions. If the SELL-IF is confirmed, new short sale positions may be considered.