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Well obviously but the means of acquiring the shares makes a difference. Which side of the L2 the shares are acquired from determines if it is a 'buy' or a 'sell'. Buying pressure moves a stock up.
I agree. We will be saying 'bye bye' to these cheap shares.
For making money actually. That is what the stock market is for last time I checked.
Yes indeed.
LOL. It may already be too late!
Yes sir. And the chart is beginning to shape up nicely.
Company is in process of audits to uplist. Possible merger afterwards.
http://ih.advfn.com/p.php?pid=nmona&article=56405051
Interesting that this is the first time that GDSM has ever issued a 'notification of late filing' and given that...
Management has been working closely with its auditors, attorneys and advisers to prepare the Company's Form 10 filing with audited financials up to and including the year ended December 31, 2012. While certain requests for confirmation from third parties have taken longer than expected, management is pleased with the progress underway to complete this filing.
LOL! Marc has very little control over the PPS. PPS is a function of stock sentiment and is controlled primarially by investors.
In the end, it won't matter that the PPS has gone down. This is only a temporary set back. When Marc gets done with what is currently being worked on for GDSM, these low PPS levels will only be a regretful memory of missed opportunity for those who failed to realize what is about to happen.
How much money is required monthy for securing permits?
Yes really. There is a reason behind the website going away and Marc will explain it to anyone who calls and asks but there is only so much he can say privately. The full details of GDSMs future (including why the website went away) will be publicly announced in upcoming public releases. Marc is a busy man so, understandably, he doesn't answer every phone call. He does answer often the contacts saved in his phone though.
"Sure sounds like going dark to me"... would be incorrect.
IMO, investors here are going to be pleasantly surprised.
"Going dark" means that a company has stopped communicating, is no longer current and no current information can be found about the company. None of those are true about GDSM so no, they have not gone dark.
I would encourage everyone in this market to AT LEAST learn basic terminology and the basic of how the stock market works.
Actually, yes they are and no it is not speculation. Read the quarterly again. The $319k is after the 'forgiveness of debt' that they have to claim as "income". That "income" is not actually money coming in but does offset their expenses on paper.
The actual operating expenses accrued for the 9 month period is $888,901.
So, $888,901 / 9 = $98,766.78 spent per month.
That does not include financing expense and interest on their toxic debt. That is another $173,876 for the same period. Add that to their "operating expenses" and it is now a loss of $118,086 per month.
Yes seriously. Read the topic of the original post and stay on it.
Really? A press release just 3 weeks ago means the company has "gone dark". Wow.
Support and resistance are both based on closing price. GDSM didn't close below .0007.
Actually, it was verified that the execution date is the filing date. Call any TA for verification of how the process works.
Is that so, since Lovito and GDSM "Posted" that there would be gold mined in 90 days and an uplisting, this POS has fallen over 97% in pps, and not one single PR has been warranted.
Pretty much sums up what GDSM and Lovito have done for the last 15 months, ABSOLUTELY NOTHING with excpetion to screwing hundreds of investors out of millions of dollars for their personal use.
Yes, that's the kind of Company I think we should all invest in!
Further clarification...
The $50k in revenue that GDSM made was a private transaction to an investor and not a direct to market sell.
The majority of shares that are being claimed as sold were actually not "sold" but instead were issued at a discount for services (accounting, audits, prep for uplisting). The company or companies that received the shares sold them and received their compensation for the services that they are providing. GDSM neither received nor is "hiding" large sums of money from shares that they sold.
The issuance of shares for services is common practice for companies and common knowledge for investors in this market.
GDSM has over 1000 investors at any given time. With that many investors, it is not unusual (or difficult) to see millions of dollars in volume trade when the stock is actively trading.
There is no fraud. It is just business. It is not GDSMs responsibility to explain to unknowledgeable investors how business and the market works.
An understanding of how the stock market works, company filings and math will help with the confusion.
While GDSM obviously did receive some money from the sale of shares (as sated in their filing), the majority of the money volume was between investors. Research into market maker volume shows this (BTW, GDSM does not use E*Trade, TDA, etc.).
Additionally, it is not illegal for a company to make money from the sale of shares. That is why the stock market even exists. If no company sold shares to investors, there would be no market.
Where exactly is the proof backing up the claim regarding the CEO and the amount of shares he owns and has purchased? Nobody has provided it so far and the filings state otherwise.
In due time.
Don't forget those filings. Lots of facts in those as well.
http://www.otcmarkets.com/stock/SIRG/filings
Gold Coast Mining Announces Corporate Update
BOCA RATON, Fla., Feb. 21, 2013 /PRNewswire via COMTEX/ -- Gold Coast Mining Corp. (OTCPINK: GDSM), is pleased to announce today the following corporate update:
Over the last several months the Company and its management have been working to settle previous debts and obligations, continue the preparation of its Form 10 and position the Company to capitalize on the available opportunities, whether mergers or acquisitions, that may currently present themselves to Gold Coast. Management has been working closely with its auditors, attorneys and advisors to prepare the Company's Form 10 filing with audited financials up to and including the year ended December 31, 2012. While certain requests for confirmation from third parties have taken longer than expected, management is pleased with the progress underway to complete this filing.
With the Form 10 process fully underway and the resolution of several previous obligations, management has been working diligently on the next two significant steps for the Company. There are current efforts underway to resolve claims from the previous lenders and to select several new additions to the Company's management team.
Marc Lovito, President of Gold Coast Mining, was originally appointed as the Company's President to bring the Company's filings current, settle previous obligations, resolve claims from the previous lenders and prepare the Company for going forward. With the progress that has been made in those areas and the Company facing important decisions regarding its investment in mining projects, it is the opinion of the Company that now is the time to bring in management with the experience and expertise needed.
Over the last several weeks, the Company has been reviewing several potential management teams. The review has been focused on management that can bring additional resources and opportunities to the Company and its shareholders. Additionally, the Company has been in communications with its counsel and advisors who have agreed to support and assist any new management personnel in executing the plans going forward.
Marc Lovito, stated, "With the progress that has been made regarding filings and previous issues, it is time to bring in additional management that can lead Gold Coast to the next step of its plans regarding the mergers and acquisitions currently being contemplated by the Company. It was important to bring filings current, secure some investments and resolve any previous open issues within the Company. Now that we feel that task has been or is in process of being achieved, additional resources and leaders are the next logical step for the Company."
Lovito, continued, "Once a decision has been made and executed regarding additional management, I will focus my efforts on the resolution of the previous lenders and assisting management with current investments as well as the integration of the potential acquisitions/mergers brought to the Company by this group."
ABOUT GOLD COAST MINING
Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
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.
Gold Coast Mining. Contact: Marc Lovito Phone: 800-291-9321Email: marclovito@yahoo.comTwitter: @GoldCoastMining
Visit Us on Facebook : Gold Coast Mining (Pinks: GDSM)
SOURCE Gold Coast Mining Corp.
http://rt.prnewswire.com/rt.gif?NewsItemId=NE64212&Transmission_Id=201302211235PR_NEWS_USPR_____NE64212&DateId=20130221
www.prnewswire.com
I remember that. I recieved a large sum of distribution shares that I sold and made a nice profit on. What MXMI (the spinoff from GDSM) did after the fact is no concern to GDSM since MXMI was no longer a part of GDSM.
The lack of understanding of company filings and how the SEC works does not constitute a problem for GDSM. As long as the filings are made correctly to the SEC then they will be allowed to uplist. Audits are for the purpose of correcting filings to be sent to the SEC. GDSM is currently in this process.
The process for Form 10 filing is not a one shot "pass / fail" scenario. One of the main reasons for an audit is for a company to correct any errors that may exist. A fully audited and SEC filing GDSM will bring with it a lot of credibility and value to investors.
That is not what the bid is. The bid is someone wanting to BUY shares of GDSM. The ask is someoene wanting to sell. I would suggest doing some research on how the stock market works.
Smart move IMO. SIRG is definitely in a down trend and there is nothing wrong with throwing bad money towards good opportunity. If these 0.005xs don't hold, the next support is in the mid 0.003s. then 0.002 so doubling is a strong possibility.
That was actully 1.5mil shares dumped at the bid. More dilution or someone exiting?
The authorized share count of a company is exactly what the name implies. It is the amount of shares a company is allowed to issue. The determination of how many remaining shares a company CAN issue is the A/S minus the O/S.
Class A: Authorized shares: 970,000,000
Class A: Total issued and outstanding: 352,520,585
So yes, SIRG sill has hundreds of millions of shares to dump. 617,480,000 actually.
The next filling WILL MOST DEFINITELY SHOW the O/S has increased again just as it has every quarter.
Considering the amount of volume and buys at ask over the past two days, I'd say that there are quite a few willing participants. Anyone who actually realizes what is about to happen here and likes money will be very willing.
Sure. Which sticky would you like replaced? Yours or wicks?
Agreed. Someone knows something. A lot of buying on this news. The 50MA is providing a little resistance right now. Once that is broken, we should see a quick move north. If our next news details yesterdays news, resistances won't be as much of a problem.
One thing is for sure. Someone is liking those 0.0009s right now. Bid support following up nicely. Fence riders will be left behind IMO.
That is correct. It is called "Deferred Tax Asset" for a reason. The figure is not calculated by only revenue loss but multiple financial instruments combined. Tax deferment can be quite valuable to a merging company.
Totally agree. So much easier and faster for a company to merge than start the SEC process from scratch.
Agreed! Just a matter of time.
Yes but when the meat comes it will be too late to get in "cheap".