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Could be... it happens. Just means better entry price for the next run. If this is bottom, shares won't be this chaep for long!
Might want to check that again because that is not what is says.
The PPS seems to be holding up quite well at this level. Looks like some investors are majorly accumulating for a run maybe soon to follow. Smart move IMO.
Nice on the uptick but the spread is still there. Bid needs to come up.
Basic guideline for investing in OTCs...
1.) Use only "play money" that can be afforded to lose.
2.) Buy at or near bottom. This can usually be determined by historical prices, trends and charting.
3.) Set a reasonable exit PPS up front. This can also be determined by trends and charting.
4.) Set a stop limit to minimize losses.
5.) Stick with the plan, don't get greedy and don't be persuaded to sell too early.
Again, these are the basics and are sometimes "easier said than done" but using these will make the investing experience a lot more enjoyable and less stressful.
OTCs are very risky and not for the novice investor but can be very fun and profitable. In no other market or investment can an investor make such large gains in such a short time. Even a 10% gain (which is small in this market) beats banks hands down.
As far as GDSM is concerned, it is down and that is disappointing to some who are holding, however, it is also an opportunity. Is it at bottom? Maybe not but it is definitely close and IMO there is a lot more potential above than below. As an example...
If $1000 was invested at 0.0005 (current PPS) and GDSM ran to only HALF of its last run, that $1000 would turn into $34,000. There is no guarantee of course but IMO, given the PPS history and liquidity here, the risk is worth it.
In that example, what is worse...
Invest $1000 and risk losing $1000 or not invest and risk not making $34,000? That decision is EASY.
The truth is, even though risky and volatile, most pink stocks are not scams. The companies trading in the pinks are using the stock market just like companies in other markets use it... for the issuance of shares, capital creation and spread of venture risk. It is not at all illegal for a company to issue shares. And it is not at all illegal for the recipient of issued shares to sell them.
It is hard for small companies that trade in the pinks to make anything "happen" even though they are trying. Some perceive the lack of material events coming to fruition and the decline in PPS as fraudulent, however, in reality it is nothing more than a result of the difficulties that these companies face.
In the end, it is the responsibility of the investor to make the decision of whether to invest in a company or not. Like all other companies, GDSM is not ultimately responsible for an investor pulling the "buy trigger". Personally, in the years that I have been invested here, I haven't seen GDSM do a single thing that makes me believe that they are fraudulent. Given that and the potential for profit, I'm sticking around.
Somebody needs to close that spread or 0.004s will show up.
Unfortunately, I don't think anyone else is helping "pull the rope". Good news though, nobody is pushing it either. :-P
Excellent explanation but that conclusion (final sentence) is not the only one. We both know other reasons for it and it isn't always a bad thing.
LOL, there is nothing to "expose". All that has been presented is unproven accusation from lack of understanding.
GDSM has yet to do anything illegal or wrong. This is the OTC market and those who are knowledgeable in this market know the risk, accept it and make lots of money. For some to make money, however, others will lose. That is the nature of EVERY market. Welcome to capitalism.
Nice. LOL
Hey, I completely understand. Sometimes it is necessary and other times it is futile. Just don't be upset if the rug is pulled out.
Yeah, those small bid whacks are comical.
Actually, the PPS is trending down and bouncing inside of a down channel. As shown on the chart below, if the trend continues, the PPS will touch mid to upper 0.004s in a few days. Friday's close rested on the 50ma which provided support. If that fails, look for the PPS to touch the bottom blue line again. The good news is that someone is propping up the PPS and bringing it back. The bad news is that the amount of volume dropping the PPS far outweighs the amount that it is being propped up with (red volume vs. gray volume).
Form T Trades are trades that happen before or after regular market hours. They happen in every market and are quite frequent with electronic trading platforms. The majority of the time it is just the market makers "balancing their books". There is nothing nefarious or illegal about them.
Company filings are a good start.
"Effectively" is not the same as "actually". 840mm shares... 900mm shares? Which is it?
"Insiders" are considered beneficial holders and would have to file a Form 4 to sell shares. Please provide any Form 4 showing that there has been such trades.
Trading was halted again?! What caused the chill this time?
Seriously?! ROFL
I suggest doing some research on preferred shares and what they are for. Also, look up the definition for "insider trading".
Well, yesterday it was .0005 so .0006 is going in the right direction. Maybe tomorrow it will be .0009 and then .01 soon after. Better get some cheapies while they still exist!
There are no "insiders". The shares that were selling at or below bid were those paid for services (SEC lawer, auditor, etc.) in shares. It's common in OTCs. And BTW, "insiders" don't sell at ask.
All buys at ask today means accumulation.
New website coming. Marc can be reached. In the hands of the owner of the mine. Yes. Still in process. Was never a merger plan with WSRA. News will come when there is news to report.
Looking that way!
Associations can be drawn between every company in existence. It amounts to absolutely nothing here.
Stocks go up and down. Down is a buy op, up is a sell op. That is how the market works.
Are CFOs and CEOs not allowed to take vacations or go to the beach? The CEO lives minutes away from the beach. Can he not leave his house?
There is and can be only 100M preferred shares. There are only 56M of those shares outstanding. There was no 2bil share increase to the A/S. The A/S was increased to 2bil total to cover the new preferred conversion rate.
GDSM has partnered before and is working towards an uplist and merger.
GDSM has spoken and continues to speak the truth. Just because something doesn't come to fruition, doesn't mean that no effort was made and the intent fraudulent.
"on the up and up"... agreed.
GDSM is going to succeed. Deal with it.
It will go back up in time. From a technical standpoint (assuming the company does nothing), the chart is starting to set up. RSI is going into oversold territory and the accumulation line is going back up. That's always a good sign of turning a corner. Also, as a precentage of the float, not all that many shares have been sold below .001.
It's a risky market though, so who knows. The potential reward for the risk is still justifiable IMO. A 20 bagger from here is easily doable with the right catalyst. If GDSM comes through with their plans then it will take off.
Sure it has. Not only is the date stamped on the amendment by the state of FL., TA confirmed that the filing date is the effective date. Additionally, the annual report confirms it.
The present structure became effective when filed with the state (we found out). If there is any future increase, the same will apply.
The share structure for the common and preferred has been defined already...
Actually, no there is not. That is the A/S and obviously the company nor anyone else holds that many. Even if they were fully diluted (which they are not), with over 1000 current share holders, that would only be 2mil per investor. I hold much more than that and so do many others.
There are plenty of bids so if there was a need to sell, there are buyers waiting for shares to come to them.
It is not late at all. Annual reports are due within 90 days of the company's fiscal year end. Also, OTCMarkets doesn't post reports on the same day that they are received.
Of course annuals are similar to quarterly reports. That is what they are built from... the progression of every quarter. Compare this annual to last years and they are different.
There is no explanation for "missing money" or "missing shares" because no explanation is required. There is nothing missing. The thought of such is only due to lack of understanding of how the stock market works.
SIRG annual report will be filed late...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9194062
Nah. We are still around. Still opportunity here for those who have patience and understand the process.
HOLD
The previous SELL-IF signal is now null and void. We allowed two days for the confirmation of the bearish pattern and market denied confirmation.
http://americanbulls.com/StockPage.asp?CompanyTicker=GDSM&MarketTicker=OTC&TYP=S
That is incorrect. Try again.
And where is the data to support that claim? Please provide the trade data for all investors that traded GDSM from January of 2012 so we can validate that.
Yes indeed!
It is quite simple really... if anyone wants to know where this "unaccounted for" money is, look in the hands of the over 1000 investors on record that trade this stock.
That is one flawed and highly improbable theory but OK.
It happens. What matters is the reason behind the shares being sold. In this case, it is to move the company forward. Time will tell I suppose but I'm not going to be caught chasing, wishing that I HAD loaded up. Prices are too low to not at least take a starter here IMO.