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I have no problem with responses but Rod is a man of few words in fact the last email had none.
J Rod Martin rodmartinmail@gmail.com
Aug 15 (13 days ago)
to me
:)
Well I don't pay SIRG's invoices so why are you asking me?
Will GDSM ever get their filing done and will we learn where that $50K came from?
I suggest you call or email Rod and ask! Most invoices have a 30 day period in which to pay so it is likely due August 31st.
SAS-100 review
https://www.google.ca/search?client=opera&rls=en&q=SAS-100+review&sourceid=opera&ie=utf-8&oe=utf-8&channel=suggest&redir_esc=&ei=oxo9ULWwN9Tr0QGZ34CoBQ
My company filed on time, why was an "E" added to our trading symbol?
Other possible explanations for an "E" on the trading symbol include:
The audit opinion is qualified or was not provided
No SAS-100 review was performed (quarterly filings only)
The required 302 Certification was not included in the submission to the SEC
The required 906 Certification was not included in the submission to the SEC
The auditor was not registered with the Public Company Accounting Oversight Board
The 404 opinion was not provided
The filing header was incorrect. It is essential that the filing type, fiscal year end and period end dates are recorded correctly on both the cover page and the document tags.
http://www.finra.org/Industry/Compliance/MarketTransparency/OTCBB/FAQ/
Apparently SIRG's new accounting firm must be approved to do their accounting.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation.
Florida Offices in Miami, Fort Lauderdale, West Palm Beach and Orlando.
The share structure has been posted several times and is in the I-BOX.
E-mail: info@pacificstocktransfer.com
As of Aug 23. 2012
Authorized: 440,000,000
Issued and Outstanding: 347,833,085
No I don't buy pink stocks like GDSM and especially a company with a CEO with a record of proven failures that can't even get their filings done on time. I was interested if those bucket tests would have revealed enough gold to continue with further testing and a Feasibility Study.
One does NOT EXERSIZE warrants!
If you like those GDSM warrants exercisable at .10 a share how many are you buying.
All GDSM investors should be jumping on those warrants to support the funding that GDSM desperately needs.
There are only 10M of them so it only takes 100 guys to put up $10,000 each. Go for it!
Lots of GDSM early investors made that much in profit when the pps went over .033. Show your support - buy those warrants.
Yes but I expect GDSM will manage to avoid that. If they don't file this week, GDSM will get the CAVEAT EMPTOR - not sure but I think an "E" gets added to their symbol.
Companies that can't be responsible enough to file their required disclosures in a reasonable time should not even be public trading companies INHO.
Not any more.
GDSM's due date for filing was Aug. 15th and they never bothered to file a late notice like below.
Aug 15, 2012 Notification of Late Filing
This clearly shows that GDSM HAS NO INTENTION TO UPLIST to the OTC as this clear disregard for the rules will show the SEC that the company is not responsible and GDSM's application would be denied.
Is there any proof that GDSM can raise the funding for both the Gold Star and the Azurite?
Based on the fact that GDSM failed to fund the Oro Cache nor the SunGold then why do people think GDSM can raise the funds this time?
In 7 weeks or less everyone will know the facts as that JV obligation on Oct 20th for $100K is due. Long time to wait considering they lack of progress since the JV was signed in Jan.
Marc has very little to pump about on GDSM but he did pump about the uplisting twice and he did pump about the NI 43-101 being prepared. He further stated that the company was not selling any shares when in fact they sold shares in June which he finally admitted.
Next - with brother Paul pumping GDSM on twitter, Marc doesn't need to.
Paul Lovito
?@BrassBull11
$GDSM 2012 Overview http://goldcoastmining.com/2012-gdsm-presentation/ …
Reply Retweet Favorite
8:01 AM - 23 Apr 12 · Embed this Tweet
$GDSM 2012 Overviewhttp://t.co/qFmeW7gq
— Paul Lovito (@BrassBull11) April 23, 2012
Mr. Chaffee stated in his June 30th shareholder report that the test results from the 5 gal buckets of gravel would be released to GDSM in the first two weeks of July. Based on that "news" GDSM flippers jumped on board and ran the pps up to .006.
Now it is the end of August and GDSM has failed/refused to release the test results. Their Financial Disclosure Statement was due Aug. 15th and they are seriously late on filing that.
Investors are getting tired of this string of failures to report news and keep them updated despite Marc's promise to be transparent. Well we are learning his promises are not worth the paper they are written on!
Really? Suggest you check the Monthly Share Reports for GDSM for June and July at http://www.otcbb.com/
Monthly Share Volume Report
Shows every MM on the stock and the shares traded by them.
My first post on the GDSM board was in Nov of 2011 and I could have bought GDSM at .0006 but knew it was nothing but a wannabe mining company with a history of failures and that it had been a non reporting pinkie.
My mistake but then I didn't know that enough people jumping on a stock board CAN MAKE PIGS FLY!
Didn't buy it then and would never touch it now.
That pig fell to earth on Feb. 27th and it lies there in the mud today!
Oops - looks like the pig died!
According to Google Finance, the average daily volume on GDSM is 5.65M and that will continue to drop just as GDSM no longer has over 700 board marks.
GDSM investors are tired of waiting for test results for 25 5 gal buckets of gravel and now the failure to file the fins just shows more are losing confidence in Marc's ability to run GDSM.
Based on his proven record of financial failures what did people expect? Oh, GDSM investors believed the BS bio of his experience on the website but the failures of Brass Bulls, the LBI companies, and the previous failed JVs paints a true picture of Marc's failures and lack of experience in building even one successful company.
Who gets their company evicted for failing to pay the rent twice?
Please explain what is meant as "ON RECORD".
SIRG's CEO, J. Rod Martin, standing in front of a crowd of local citizens, town officials and BLM agents stating their goal was to begin construction (the new heap leach pad/pond) in Dec. with production to start in Jan/Feb is not "ON RECORD"?
Was Rod expected to carry a Bible and swear on it or maybe go to court and swear in front of a a judge that SIRG plans to begin production in Jan/Feb.
It was "ON RECORD" enough for the Kingman Daily Miner reporter to report it as such in his article about SIRG that was printed in the newspaper.
PLEASE explain exactly what would be ON RECORD!
What more proof is being demanded here?
He tried to connect Rod, the new CEO at that time to companies owned by Jorge Medina and his wife, including the family produce company that has been in his wife's family since the early 1970s.
He clearly was desperate to find negative information about the mine and many of his posts were BS. He rode his Harley up to the mine on a Sunday morning and claimed there was no activity.
Well the next day, a Monday, the test drill rig arrived to do the test drilling on the tailing piles but he missed it. Did he really expect them to be working on a Sunday morning? The assay report on the drill cores was done by ALS Minerals of Reno!
Phantic went to Chloride and talked to an old silversmith about opening the mine. Because the old guy told him he didn't know anything about the mine being re-opened it was fact to Phantic that the mine was not opening.
Too bad he didn't live another 4 months as he could have attended the SIRG hosted town hall meeting in Chloride on June 6th were Rod discussed their plans for the mine in front of BLM agents, town officials and the local residents.
But then he would have had to retract all those BS statements!
This is proof that Rod was in Chloride to make the announcement.
Here is more proof - an article written by a local reporter.
http://kdminer.com/main.asp?Search=1&ArticleID=51086&SectionID=1&SubSectionID=798&S=1
All circumstantial evidence as previously posted shows the events and progress made by SIRG since the start of 2012 show they are on target to production to begin early in 2012.
Circumstantial evidence is fact and has stood up in numerous courts of law. There are many criminals that were convicted on circumstantial evidence, proof that it is real and factual!
FACT: SIRG hosted a town hall meeting in Chloride at which Rod discussed the opening of the mine.
FACT: Sierra hopes to start construction in December and have the plant producing copper in January or February.
Construction has been awarded a contract to operate the plant, but there will still be between 30-40 jobs available.
http://kdminer.com/main.asp?Search=1&ArticleID=51086&SectionID=1&SubSectionID=798&S=1
SIRG has clearly identified the time frame that is their target and that is having the mine open in Jan/Feb.
US studies new law to speed up one of world's longest permitting processes
Cecilia Jamasmie | April 27, 2012
A new bill has been proposed to the US House of Representatives’ natural resource committee to speed up the permitting process for mining valuable minerals.
Hall Quinn, president and CEO of the National Mining Association (NMA), presented the proposed regulation, named “Strategic and Critical Minerals Production Act of 2012,” yesterday, emphasizing that it tackles one of the “highest hurdles” for domestic mining: permit delays.
“The length, complexity and uncertainty of the permitting process are the primary reasons investors give for not investing in US minerals mining," Quinn told the Energy and Mineral Resources subcommittee, according to a NMA release.
"Delaying permits for mining projects is not a new problem," said Quinn. "What is new is the growing awareness of its implications for our nation, particularly in a highly competitive world economy in which the demand for minerals continues to grow, especially in fast growing economies led by China and India."
Quoting studies and reports by the National Academy of Sciences’ National Research Council, consultancy Behre Dolbear, the US Geological Survey, the President’s Council on Jobs and Competitiveness and the US Department of Energy that all point to the harmful outcomes of the current permitting process for domestic minerals projects, Quinn summarized, "If U.S. mining cannot perform to its potential, the industry will become increasingly marginalized, and there will be severe consequences for our global competitiveness as we become more reliant upon extended and unstable supply chains for what we can produce here."
Quinn pointed to Canada and Australia as examples of governments that had taken the necessary steps to modernize their permitting regimes without changing environmental and other protections.
The bill will limit the total review process for issuing permits to 30 months unless signatories to the permitting timeline agree to an extension.
That is still over 2 years and too long.
http://www.mining.com/u-s-studies-new-law-to-speed-up-one-of-worlds-longest-permitting-processes/
US studies new law to speed up one of world's longest permitting processes
Cecilia Jamasmie | April 27, 2012
A new bill has been proposed to the US House of Representatives’ natural resource committee to speed up the permitting process for mining valuable minerals.
Hall Quinn, president and CEO of the National Mining Association (NMA), presented the proposed regulation, named “Strategic and Critical Minerals Production Act of 2012,” yesterday, emphasizing that it tackles one of the “highest hurdles” for domestic mining: permit delays.
“The length, complexity and uncertainty of the permitting process are the primary reasons investors give for not investing in US minerals mining," Quinn told the Energy and Mineral Resources subcommittee, according to a NMA release.
"Delaying permits for mining projects is not a new problem," said Quinn. "What is new is the growing awareness of its implications for our nation, particularly in a highly competitive world economy in which the demand for minerals continues to grow, especially in fast growing economies led by China and India."
Quoting studies and reports by the National Academy of Sciences’ National Research Council, consultancy Behre Dolbear, the US Geological Survey, the President’s Council on Jobs and Competitiveness and the US Department of Energy that all point to the harmful outcomes of the current permitting process for domestic minerals projects, Quinn summarized, "If U.S. mining cannot perform to its potential, the industry will become increasingly marginalized, and there will be severe consequences for our global competitiveness as we become more reliant upon extended and unstable supply chains for what we can produce here."
Quinn pointed to Canada and Australia as examples of governments that had taken the necessary steps to modernize their permitting regimes without changing environmental and other protections.
The bill will limit the total review process for issuing permits to 30 months unless signatories to the permitting timeline agree to an extension.
That is still over 2 years and too long.
http://www.mining.com/u-s-studies-new-law-to-speed-up-one-of-worlds-longest-permitting-processes/
If you are interested in GDSM then you should know about Paul Lovito who was the CEO and his brother, Marc, who served under his brother as VP and is the current CEO.
Here are some links to information on the Lovito brothers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78979188&txt2find=paul
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78917769&txt2find=paul
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78932694&txt2find=paul
Agree but it won't be quite as bad as the end of Feb. when GDSM went to .0344 before the stampede to the exits trampled the stock and the GDSM investors. Many lost a lot of money following the momo crowd to GDSM.
On March 1st 166,832,561 shares traded as the stampede grew momentum, dropping GDSM off the cliff!
The Chloride Copper mine is on target to begin production in Jan/Feb of 2013.
Another day and no GDSM Financial Disclosure Statement!
GDSM is now 13 days late in filing their Financial Disclosure Statement and they didn't even bother to file an NT stating they would be late and the reason.
Marc Lovito's failures continue to follow him and show how totally unqualified he is to be the CEO of GDSM.
The POO is a copy of a government document and fabricating such would be considered a forgery and a crime. What is a fabrication is the bio of Marc, the CEO of GDSM.
Marc Lovito is currently the President of Gold Coast Mining Corp. Mr. Lovito has over 10 years' experience working in the public markets and assisting publicly-traded companies. During this time Mr. Lovito has worked with several hundred clients in various areas including; mergers, acquisitions, fund raising, public relations, marketing, restructuring, spin-offs and regulatory compliance. Mr. Lovito has been involved in 50+ reverse mergers and over $15mm in capital raises for small OTC companies.
Mr. Lovito's experience in the small cap market will not only be invaluable to rebuilding shareholder value and leading GDSM forward, but will also be the key to avoiding the typical small cap pitfalls. In addition to his activities in the public markets, Mr. Lovito has owned and been a partner in a variety of businesses including real estate, marketing and a hedge fund. The involvement of Mr. Lovito with a wide range of diverse business models provides him with a solid foundation of knowledge, contacts and resources.
Poor phrantic died in Feb, leave him rest in peace. Maybe he was employed at the mine before it closed. Whatever, he lived in Kingman and had a grudge!
Of course the gate was locked there is equipment on the claim and for insurance purposes the mine must be secure. That is a huge property to patrol and he claims he didn't see him so he wasn't there!
Just maybe he was in one of these buildings.
Or he could have been checking the pond that cannot be seen from the road.
The security/maintenance man lives in a trailer onsite. If you go back and read some of the old filings from around that time you will see that fact in the 10Qs where he is listed as an employee.
Further Travis Snider was hired on Jan 2, 2012 as VP of Operations at the mine so there were 2 people there.
He also posted that the mine was destroyed by a flood! He talked to people in Chloride and nobody knew anything about the mine. But then SIRG had not held their town hall meeting yet so why would they know if anything was going on at the mine, its 4 1/2 miles from their town.
Mercator has been discussed to death. They bought the Mineral Park in 2004 and finally started producing copper in 2008 and without proper permits so guess they ain't all that smart! The Emerald Isle was sold in an BK asset sale in 2010.
And I am going to drive 500 miles to interview the manager of the MP? Totally insane!
Too bad Richard won't be around to see the mine in production. He was a huge investor in NBRI and I am so glad I sold that at .13! His widow has been dumping his shares and took the pps down plus they failed a safety inspection on their underground mine and got a 30 day halt!
Dam underground mines are so difficult to get past the State Mine Inspectors!
SIRG is not - has not- and will not be in a death spiral! I started watching SIRG in January of 2011 so I have almost a year on you and I never saw that death spiral so SIRG has now passed 18 months and not one of those ugly predictions has come true!
Not only that but the risk was a lot higher a year ago especially after Patrick died. But SIRG just continued to build the infrastructure and move forward.
And my account remains a lovely shade of green that will turn an emerald shade in the next 6 weeks. In fact from my initial purchase my SIRG shares were slightly pink one day but never red!
Agree, GDSM not looking good when continuous attempts to hold the 3rs and just can't do it.
I see GDSM lost a couple more board marks, people selling and leaving.
R.S.I down to 43.27 looking real weak here.
Those who bought in July at .006 on the pump when everyone expected the bucket results but were disappointed and now are really hurting if they are still holding.
First is is asked
Marc Lovito is the current CEO of GDSM. His personal financial history is about the same as his brothers.
Mr. Marc A. Lovito serves as the President and CEO of Gold Coast Mining Corp. Mr. Lovito served as Vice President and Secretary of Gold Coast Mining Corp. since September 2001. He served as Vice President with LBI Group, Inc., since June 1994. Mr. Lovito served as President of LBI Properties, Inc., a position he has held since February 1998, and Vice President of LBI E Web Communities, Inc. Mr. Lovito is also a partner in LBI Asset Management LP and LBI Capital Partners LP, positions he has held since July 1998. He served as Director of Gold Coast Mining Corp. since September 2010.
Marc lacks experience at running a successful business and that should be of concern to shareholders as his track record of failures shows a lack of the ability to run any company and even control his own personal finances. While unable to pay his taxes, HOA dues, judgements and mortgage payments he drives a Hummer? Thirteen years of documents prove that he is not able to control his finances. This is not the record of a responsible successful businessman.
In 1999 a lien was filed against him for $4,021 for work performed on his property.
They live at 6910 NW 28th St. in Margate, FL., 33063-2051. Previously they lived at 6950 NW 87th Ave in Parkland, FL, 33067 a home they bought on 10/13/1999.
On 12/7/2005, a lien was put on their condo at Coral Lakes Estates for failure to pay the $90 per Quarter maintenance fees.
But no problem, they just re-financed it to pull out $45,000 on 1/20/2006 with Household Finance Corp III but they had a $20,000 note to pay off.
On 11/13/2006, Marc and Josephine took out a mortgage for $325,000 from Stewart Mortgage Services in Houston, TX.
On 1/28/2008, a Lien was filed on property they owned at 10922 N.W. 46th Dr. in Coral Springs for $1,255 by the Kensington Green Homeowners Assoc.
Another lien was filed by the HOA on 2/5/2009 for $1,340.00.
Marc and wife, Josephine were foreclosured on 24 Jun 2010 when they could not refinance it anymore and failed to pay some $368,000 plus taxes, etc. on their home to Deutche Bank National Trust Co. and the Coral Lakes Estates HOA.
Where did Marc get the $15,000+ to pay off this lien? Sale of GDSM shares? Dam pinks never reveal when the insiders sell their stock!
Certificate of Release of Federal Tax Lien - recorded 7/9/2012 for taxes for the periods ending 12/31/2005 ($10,368.43) and ($5,400.42) 12/31/2006.
Marc is also deep in debt from the lawsuits and the failures of Brass Bulls and LIB companies.
There is also a lawsuit against all four brothers by American Millennium Investment Corp. in the Circuit Court of the 15th Judicial Circuit for Palm Beach Co.
A record of continued failure after failure by the Lovito brothers is very important so that shareholders know who is trying to run GDSM.
Here are 3 of the 4 Lovito brothers, Matthew, Paul and Marc, and proof that LBI Properties was served an eviction notice in May of 2003 and ordered to vacate by June 1st or the sheriff would move them out.
Paul and Mark were involved in these companies at the same time they were involved in GDSM.
Evicted again in 2004 shows continued failure.
From the Florida SOS we learn that Brass Bulls and the LBI companies went inactive around 2009.
WOW GDSM company public releases are honest and can be trusted but not a copy of an official Arizona document with the state logo?
Dec 21, 2011
Additionally, the Company is in the process of securing a legal and accounting team to audit the Company’s books and records. This team will work expeditiously to make Gold Coast a fully-reporting company and move to the OTC Bulletin Board Listing Teir. It is important that the Company seek to upgrade its listing status as its mining activities progress. This will make capital in the future not only easier to obtain, but cheaper to the shareholders.
(Teir is spelled Tier)
expeditious - done with speed and efficiency; prompt; quick
Can 8 months be considered to be expeditious or is this PR just fluff?
January 12, 2012
The Company continues to interview for a legal and accounting team to audit the Company’s books and records. The goal is to make Gold Coast a fully-reporting company and move to the OTC Bulletin Board Listing Teir. This move is important for the Company as its mining activities progress. The Company has not and is not currently engaged in any capital raises or selling of shares. The issued and outstanding stock remains currently at 579,887,086.
If the company didn't sell any shares then how did the O/S get to be 629,887,086 on March 31, 2012?
You are right about it being impossible to flip GDSM when many shareholders are under water and already upside down.
GDSM
Time & Sales
Price Size Exch Time
$0.0026 40,000 ...... OTO ...... 15:47:54
$0.0026 132,000 ...... OTO ...... 15:47:42
$0.0027 10,000 ...... OTO ...... 15:45:58
$0.0027 20,000 ...... OTO ...... 15:45:35
$0.0026 740,000 ...... OTO ...... 14:58:18
$0.0029 10,000 ...... OTO ...... 14:42:38
$0.0026 8,000 ...... OTO ...... 13:29:25
$0.0026 160,000 ...... OTO ...... 12:43:31
Looks like someone dumped a lot of shares today! 40,000 shares were bought in an attempt to prop up the share price.
SIRG closed even, sure is a lot better than dropping 13.3%!
That "uploaded" document was obtained by a personal visit to the Arizona State Trust Land Office. There is an employee name and phone number to call to verify it but GDSM shareholders refuse to make the call so they can ignore the facts.
Jan 2011 to Aug 2011 is now over a year ago - old news - and all those shares are being held by SIRG longs. This constant posting about Asher and dilution is understandable since there is no other negative subject left available.
So the claim is that SIRG's price per share "suffered"? Gee my portfolio does not show any suffering, in fact it is a very healthy green.
Look at at healthy RSI 55.13.
There certainly is a fixation on Asher on the SIRG board.
SIRG took care of the BLM permits but lots of people posted that the permits could not be verified but they were.
SIRG took care of the chill while lots of people posted that SIRG would never get off the Global Lock, but they did.
SIRG took care of hiring CDMSmith to get the APP permit transferred and they will.
SIRG is on a roll and will take care of the notes.
Lastly, SIRG will take care of buying the additional 10% of the mine.
SIRG has accomplished everything they set out to do this year and will continue with progress to production.
VERT not in sight and no volume = no dilution!