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I hate to say it, hence why I will not buy in at these prices. But tomorrow morning, this stock is going to be shorted so hard, you will see massive panic selling. Could possibly get in around 10-13 easily tomorrow morning.
Someone please give me your take on this. After re-reading it, this is what I believe can happen.
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.
Gold Coast Mining Announces Corporate Update
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Gold Coast Mining Corporation (PC) (USOTC:GDSM)
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Today : Tuesday 18 February 2014
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Gold Coast Mining Announces Corporate Update
WILTON, CT--(Marketwired - Feb 18, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM), provides the following Corporate Update:
The Company continues to be active on several fronts as it moves forward. Negotiations continue with Gelpid, the Company's judgement holder; legal discussions are occurring to determine the best strategy for establishing a subsidiary, spinning it off and arranging a registered shelf offering; a due diligence "punch list" has been provided to the owner of the natural gas wells; and the Company is reviewing opportunities to participate in oil projects.
CEO Michael Shea states, "I am pleased with all the activity, but bringing final resolution to the settlement and closing acquisitions has to be accomplished. I am striving to accomplish this, in addition, to finally completing the long awaited audit of our financials. Our auditor, Corso & Company, has provided me a list of four remaining items, which will be provided no later than next week."
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.
ABOUT GOLD COAST MINING
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.
Follow us on Twitter at http://twitter.com/GoldCoastMining
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.
CONTACT:
Michael Shea
Gold Coast Mining Corp.
Phone: (203) 210-5614
Email: Michael.shea@gdsmholdings.com
People will spin this what ever way possible to get you interested in buying their shares so they can get the hell out. Look at all the big names on this board this past weekend. Where are they now? Gone with the wind. Think about it. It is like selling a car. You know it is junk, hence why you are selling it. But you will say it is a great car, you just don't need it anymore. Lol. It is funny in the pinky land. People would sell out their own mothers just to make a profit!
I agree. The funny thing in the PR was not one tiny mention of MJ what so ever. Believe what you want, but the blinders are still on some of you guys. With them not mentioning MJ at all, hence the major sell-off. Feel bad for the folks that bought late last week that still cant get out.
I sense a 6 paint job at the bell.
I believe this stock is done for now. It has met lots of resistance at 10, 9, 8, and now the 7's. Can't break through and sustain even with this kind of volume the last few days. I believe the majority of the people sitting at the bid, just want 1-2 ticks to flip it. So that doesn't really give much support. I truly believe this is back to 2-3 by next Friday. I am out now. Just sold my position. Good luck guys.
No they are not. This is strictly a "chart play" and that is all. This chart has set up nicely. That is the only reason this stock is up. And it probably will head back south on Tuesday. No news or anything that I can see to sustain the price and volume. Don't be a bag holder. Make your quick profits and get out.
I agree. The 4's is the new support line for this leg up. Trying to bid at 3's is just a waste of time. They are not available. Lots of 4's have been bought the last week. Something is brewing. I can wait it out. I have 2's from a while ago. Time is on my side. But once she pops, I believe she will test 0.0010 this time around. Sorry Pitman, your not getting my shares.
Seems like the 9's wont budge. Had a big rush to buy up the last of the 9's, and it never went to 10. But then we had a big 3 million sell back to the 8's. Oe' vey
People are gonna kick themselves tomorrow, when they see where this closes at compared to the prices they can buy at right now. Leaving lots of money on the table. SMH
I believe you have till tomorrow morning to jump on board. If they do a PR first thing in the morning, you better expect a big time gapper. If you are willing to risk that chance, then so be it. But don't be crying when you could of bought at 9 or 10's, and now you got to buy 40's.
That would be E---P---I---C
It is only at 92.43. Still has room to go up. Runner Thursday and Friday, then she will drop and recollect.
THIS IS AWESOME
FEAR THE G...D....S....M...
If that is the case, then this is dead in the water. We can't clear 2 hurdles at the same time. With endless shares will cause people to sell their positions, and also dealing with bid whackers. Unfortunately I hope I am wrong. But this could just well kill the momo on this stock.
Looks like unlimited supply of 5's
LET THE CHASE BEGIN!!!!!
This is the hardest area getting from trip zero's to the 10's and above. Because everyone wants to bid whack. If they would just let it go on it's own, they would get a better price than when they wanted to sell. I guess it will never change. So lets get the chase underway. I want to see that ticker fly to the north pole.
Can't believe people are afraid to hit the 5's. Lol. Later today they will be wishing they could get any 5's.
NICE VOLUME ALREADY
ALMOST 150 MILLION IN 20 MINUTES. SHOULD SEE CLOSE TO ANOTHER BILLION SHARES TODAY. ACCUM/DIST LINE IS LOOKING SWEET. RSI IS AT 85, AND GETTING WARMER. MACD IS SPIKING UPWARDS. EVERYTHING LOOKING SWEET. JUST GIVE IT A LITTLE TIME. SHE WILL MOVE.
CHANGE THE NAME TO "GOLDEN CALIFORNIA MARIJUANA COMPANY" LOL
That would be AWESOME. I am so glad I was able to buy in this morning at 0.002. But now that I see how well it is doing, I WANT MORE SHARES!!! Lol. Should of pulled the trigger at 4, but waited for the 3's that never came back. What a buying rush at the end of the day. WOW. I swear about 100 Million in 3 minutes. It was awesome. Tomorrow should be just as good. Looks like I will be buying 5's, but then I will be done.
5 Million shares will be plenty to run with this company. Enjoy guys. This ticker has legs. Real legs.
GDSM IS BREAKING OUT AND TOTALLY ON FIRE!!!!!!
OPENED AT 0.0002 AND CLOSED AT 0.0005 WITH ALMOST 1 BILLION SHARES TRADED!!!!! THE LAST 100 MILLION OF 0.0004'S SOLD WITHIN 3 MINUTES.
LOOKS LIKE THE NEXT MJ PLAY. ASSOCIATED WITH NEWS TODAY. JUMP ON THE SHIP IS SAILING AWAY.
Tomorrow morning could be the "BIG BANG" that we are looking for. This could hit 10 by noon time. Lock and load...
Beep---beep---beep. Back the truck up, this is a loading dock.
Any of you guys bid sitting at 0.0002, you might just as well slap the ask at 0.0003, because the MM are constantly doing their 100 share sell at the 0.0002 level. With almost 100 million sitting at 2, I would guarantee it that you will not get filled at that price. The 1 and 2's are gone. The 3's are being bought. Better get them before they are gone and the 4's are back on the market tomorrow. Don't sit, slap the ask and lets move this stock.
You can forget about getting any 1's. I have noticed 2's is the cheapest anyone can get. They are slowly getting eaten up. Take notice after a buy at 3, the MM automatically place a 100 sell at 2 to drop the price like clock work. This is good and healthy though. The 2's are available and the 3's are being attacked. Yesterday the 4's were being gobbled up. This run is coming. Just hold tight and get as many 3's as you can. Because I believe the 1 and 2's are now gone for good.
Always a great sign when MM use 100 trades to drop the price. It shows accumilation is happening. MM are doing whatever they can to keep it down, but it time she will rise. This stock chart is ready for an explosion. Time is coming. DOn't sell now. Keep buying.
H---U---G---E B---U---Y---S
Just look at the Accumulation over the last few days. A nice size run is taking place. Every one is getting buckled in. I expect it to run over 10, maybe to 0.0015. Usually when prices are this low and heavy accum taking place, she will pop shortly. I give it 2 weeks max before it pops. Maybe sooner.
E--L--A--Y PREPARING FOR LIFT-OFF!!!
The chart is all set up. Today is a great day to jump in this low range right now. Give this stock 1 week and she will be running hard. Take a look at the chart. She is PRIMED UP!!!!
Volume is increasing and becoming very healthy. Now is the time. Don't wait for it to be running by the 3rd or 4th day to jump in. Kill the 4's and we move north real quick!
I joined the party also
ELAY BREAKAWAY 33 MM 4'S LEFT
Only 33 Million shares left at 0.0004. Then the 5's are primed with only 19 Million of them. Volume keeps increasing. Won't be long till she pops. Jump in now for the ride. Don't chase it, grab it early.
ELAY-----READY FOR BREAKOUT
Check out the chart for yourself. This stock is about 1 week from a MAJOR 200-700% upswing in price. Jump in now before the price starts moving. Lots of volume the last 2 weeks as people are silently loading up. Someone know something. Possible merger or buyout. Something is up. Look it up.
It is currently sitting at 0.0003. Looking for it to top out at around 10-15.
I could be wrong but I am calling for a 0.17 close on the day. We should get a nice bounce in the power hour to take it up. Either way, I feel this is a victory, (little victory) if this holds above 0.12 for support. By end of the week, this could very well be back in the 0.20 area. lots of people love big price drops. Once the bottom hits, look out because it will be a frenzy trying to buy back as cheaply as possible.
BUT IT IS THE TRUTH, HENCE WHY IT HURTS
Seriously, where is the pps at? Where has it come from? WHY IS IT AT THIS PRICE? How much lower will it go? Seek has had updates, after updates, news after news, and the damn price KEEPS GOING DOWN!!!!!
WHY---WHY----WHY? That is the million dollar question. If any real CEO of any decent company had a problem like this with all the "supposed good news" it has brought to the shareholders ears, then it would be fixed right away. But instead, he just keeps throwing out more tidbits of info that is a little wary of true facts. My goodness how many delays has there been with SEEK?
Heck just the other day SEEK ran a promo and it still went down in price even more. LOL. What does that tell ya? Something is wrong here. And guess what. SHIT ROLLS DOWNHILL, AND GUESS WHO IS SITTING AT THE TOP OF THE HILL? THE CEO
FILL MY ORDER NITE!!!!!!!!!!!!!!
I have an order it for 10 million myself and keep checking back and wont fill
MORE PEOPLE ON THE BID THAN THE AMOUNT OF SHARES TRADED TODAY!!!
LOL
HOLD ON FOLKS...HERE COMES THE DUMP
Looks like GLCO the "New Con Name" Game.
So this company is supposedly in the business of making low housing affordable. This company has not filed a 10Q in the last 8 years to inform the SEC and potential investors of how great or how terrible the company is doing. But looking at unaudited figures, they had $200 dollars and are in the hole over 12 MILLION DOLLARS.
Now all of a sudden they are getting into the mary jane business? Oh dear lord. That is believable, let me tell ya. Let me run to the bank tomorrow and withdraw all my money and put it into a company that is a scam. Be right on it. Hopefully people will do some homework on this company, as it is nothing but a stamp...looking for a new tramp to put itself onto.