Closely Watching Level 2 (even on my phone)...
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MM's walk the price down all the time so their big money friends and fellow retail pals can grab cheaper shares off weak hands. It's a classic move in OTC land--create fear and panic and accumulate for the next leg up.
Knowing what LVGI has in store in the very near future, I'm not the least bit worried about my position--rather I am being smart and buying more shares at these ridiculously low prices. I plan on buying another 500k shares tomorrow around .0021 and if it does dip below .002 I'll likely try to scoop another million shares.
We've been saying the STOP sign "should" drop off for months now...any confirmed news on this?
STOP losses exacerbated the red today and MM's played on that sentiment. I think this is gonna bounce hard if we dip below .002 tomorrow morning. ..looking for a green close tomorrow. Go LVGI
Personally I think all this red on LVGI is just MM tactics grabbing shares from weak hands as they walk the pps down and build their position for an epic run come june/july. The only thing that will hurt this run is news of a SLAM PRODUCTION delay
Once revenues kick in we will start trading over .0015 right now we are trading where we were before because people want to see if the website and biz plan of SHEA really works before justifying a higher PPS.
Agreed. With the new MJ plans and MJX site, GDSM will now trade like a legit company where revenues, expansion and solis news will really cause significant upward price movement...no more "hype". Like Mike said in the conference call, I see GDSM being one of the few legit MJ companies out there with actual revenues and a business plan being executed
I'm holding strong thru the summer...Joe's job is on the line so I know LVGI is going higher. If you know how to read charts this is a perfect consolidation period building for the next leg up...just like the last consolidation period from .0006 to .001. Watch the volume pour on once a PR hits about slam production #'s and "first batche of SLAM already sold to xyz with more pre-orders confirmed" this stock is going to rocket deep into penny land. Those that know my post history know I don't "pump," I state honest opinions and facts. GLTA
Definitely a nice base forming here in the .0027-.0033 range. Setting up nicely for the next run (which should be in June/July based IMHO).
Go LVGI
Ur down $25k and have been a bagholder for 2 years!?...I'm sorry bro...Maybe penny trading isn't for you.
That was me. Shea didn't give an exact date but said audits are 90% done...just waiting on little things like the minutes from board members no longer active in GDSM.
How do you consider GDSM a "pump and dump" when the CEO hosted a webinar today, answered questions asked by investors (I asked 2 that Barbara picked out and Shea openly answered) and then was very candid in his responses and overall plan for the company? Revenues are just around the corner from the new website and GDSM is going to be on par with some of the more reputable MJ companies currently on the market! What CEO of a pump & dump refuses to do a R/S because he cares about shareholder value? What CEO of a pump & dump interacts with investors whatsoever??? If you can't supply hard facts and documentation (websites, etc.) to back up your claim on the accountant than by all means don't post garbage. Shea has also stated he will take any questions or complaints/negative comments you have about GDSM and is open to feedback and constructive criticism as well (he stated this in today's conference call). So by all means email him about his "accountant" and his track record and forward us his response!
LOL...glad to see you here bro.
Go GDSM
That's why you gotta "KNOW WHAT YOU OWN". I was at a loss and averaged down the last few weeks...now I'm green and still holding long on GDSM. Any shares bought at .0010 or lower now are a gift since MJ-XCHANGE is live, and revenues are coming soon.
Read my previous post; version 2 coming in 30 days...maybe you should listen to the webinar next time. btw it was free.
Pretty informative webinar and conference call today:
Mike does seem like a very open and honest guy in listening to him talk and answer questions. Here are a few things I liked as far as questions/answers asked:
1.) Are there any other board members/executives of GDSM currently? Mike is the only officer & director of company (he stated he's averaging $6500/month in compensation = $78k/year up to $10k/month) not a very big salary for a CEO, which means he's not greedy at all.
2.) Will there be a mobile app for the site (MJ-XCHANGE)? Yes; on version 2.0 of the website, the capability is built in to use a mobile app. Mike plans on launching version 2.0 of the site within the next 30 days.
3.) How will you bring shareholder value? With the launch of MJ-XCHANGE.com Mike sees a huge revenue potential not only from selling ad space but also from selling actual products (apparel; Vape pens; rolling papers; etc) using trademark and logo designed of new company owned by GDSM (the name was undisclosed since not it's not "officially" launched yet). This coupled with the fact that audited financials are due very shortly means the company can file a FORM-10 and change the ticker name which should allow Scottrade to resume trading of the "GDSM" which will bring in more volume and a higher PPS. Mike said he forsees GDSM as being one of the few MJ companies actually generating revenue which will boost shareholder value significantly. Mike plans on MJ-XCHANGE generating some level of revenue within the next 60 days.
4.)Will the products be developed by GDSM or a 3rd party? Most products in the industry are produced in China so collecting samples is difficult and time consuming. Mike plans on possibly partnering with a large player in the industry to produce his Vape products and other MJ goodies but utilize his branding and trademark/logos--this was actually my question for today :)
5.) When will the audited financials be completed? Mike didn't give an exact date due to the fact that he needs to obtain items from past board members (e.g. boardroom minutes from 2011) fo them to be completed. However he did state they are 90% finished with the audited fins and based on his conversation this morning with one of the former executives, he expects the 2011 and 2012 audits completed very shortly.
6.) Will there be a share buyback or Reverse Split?. A share buy back is possible only after revenue has been generated according to Mike. Mike is 100% against a R/S as gives no value to long-time shareholders (I agree 100% with him on this).
Mike also stated he has no problem releasing the website traffic info to shareholders so they can see the progress and potential (growth) of the MJ-XCHANGE.com website. His target audience for the site is the 18-55 year old with discretionary income. The site looks good so far IMHO and I know it will continue to improve as Mike is taking lots of user input and feedback to make it better. The site does offer lots of potential and I look forward to the future of GDSM as a long. Mike also stated that the former CEO has no shares in the market as he was never given any shares as compensation, so there should be no dilution occurring from prior management and Mike has not diluted any shares himself as his shares are restricted.
Go GDSM
See you all on the webinar. I will report my findings/opinion of the site later. Go GDSM
Here we go GDSM longs...get ready for some good action the rest of the week
All the people that grabbed 7's and 8's are putting up the walls at 15...they want their measly 100% gain. Once they are gone this is gonna fly! SERIOUS TRADERS are letting this pie bake much longer before they take a bite!
GDSM
Support is building higher and higher for LVGI...
Look at all the shares shorted this past week...epic squeeze coming. Easy 3-5 bagger from these levels
http://otcshortreport.com/index.php?index=gdsm&action=view#.U1n4_8fHJXc
GDSM
Me too! any dry powder I get has been used to add shares for the explosion this summer! LVGI steady uptrend moving along perfectly :)
agreed...LVGI slowly building momentum. watch where it is by this Summer
That my friends is how you are supposed to write a PR. GREAT JOB SHEA! I hope all longs are signed up for the webinar! The vape and MJ business is going to dwarf BIG tobacco (100 billion business) within the next 20-25 years. ..anybody smart enough to grab some of that action now will be richly rewarded. Hell my buddy has a vape shop in artesia and is opening one on Melrose (Beverly hills)...his monthly profits are over $100k (yes profits not revenue!)
I'm part of wolfpack and follow all on Twitter and I can tell you it's not an "official" play. But it's been touted by the Wolf and is on the radar. Either way, LVGI buyers right now will make bank within the next few months once SLAM hits store shelves!
looking forward to an interview here...I know the "Wolf of Weedstreet" tried to set one up with Francella recently and it was an epic fail for whatever reason.
"GDSM has no revenues"....YET. sit tight bud, revenues coming soon.
Most pink sheet and OTC companies have no revenues so what's your point? But shea's MJ website would bring in lots of revenues for GDSM. MJ-XCHANGE.COM is a social media site for all things MJ related. If Shea can create the Twitter or Facebook of the MJ world, GDSM is going to be the stock of the year! HEMP/MJ is the next "dot com" bubble and expected to bring in over 10 billion in revenues over the next few years, and much more once even more states legalize it for medical and recreational use. No use in bashing this hidden gem as longs will be rewarded and shorts will be burnt very shortly.
Obviously you are interested in buying shares of this "POS" or you wouldn't be bashing all the time with your posts and hanging around this board. if .0006 isn't cheap enough for you then too bad...because it ain't going any lower!
Next stop $.05....congrats all longs who did their DD and stuck their ground since last year. We are gonna bank $$$ on $IT$
Short squeeze imminent on GDSM...we just need a catalyst to bring in volume and KABOOM!
GDSM now valued over $2mm; profile updated on OTC markets today!
www.otcmarkets.com/stock/GDSM/profile
I'm thinking once the audited financials come along with revenues from the new MJ website, we could experience a huge short squeeze which will catapult us well into pennyland.
Yep...we've stated this numerous times when people were doubting this stock last year. With the Share reduction and buyback program this float is gonna be super tight...with some good volume silverland is highly probable for SITS
I'm sure revenues will increase with the new site and MJ subsidiary...he'll just have to let the #'s do the talking from now on and forget about PR's. Go GDSM
When the hell is the conference call? There is no mention of it in the PR yet the title of the PR states there is an update on it. ..all they mention is the webinar to guide people thru the new website. Somebody teach Shea how to write a PR...please!
Mods need to go ahead and update the main LVGI page; OTC markets updated LVGI's market value today (4/15/14) to just over $5mm!
www.otcmarkets.com/stock/LVGI/profile