"I am a better investor because I am a businessman, and a better businessman because I am an investor."..Warren Buffet.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wed Dec 21 ~ Gold Coast Mining Announces Corporate Update
Boston, MA., December 21, 2011 – Gold Coast Mining Corp. (Pink Sheets: GDSM), announced today the following corporate update:
Joint Venture Projects
As previously announced, the Company had entered into 2 joint venture mining properties with Western Sierra Mining. To date, the Company has experienced difficulty in securing enough shareholder-friendly capital to get the mines into production. Most opportunities for funding involved reverse splits, substantial dilution and “floorless” convertible debentures. Although the capital needed would be in place, it would be counter productive to the current shareholder base. The Company has and will continue to avoid these types of financing sources. The Company continues to work with its joint venture partners to bring one or more projects into production.
Corporate Filings
A tough economic environment for capital and strains on the Company’s resources caused Gold Coast to become delinquent on its disclosure and financial filings. The lack of current information moved the Company from CURRENT INFORMATION on the Pink Sheet system to STOP, making it that much more difficult to secure capital.
Over the last six months, Gold Coast Mining has been working diligently to bring its financial filings and disclosures current on Pink Sheets. The Company has filed all delinquent reports up to and through the period ended June 30, 2011. The September 30, 2011 Quarterly Report will be filed in the next few days. This is the only remaining filing necessary to satisfy the requirements for CURRENT INFORMATION status on the Pink Sheet Teir system.
In the last quarter, a total of 125mm new shares were issued to eliminate debt and secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current. As of this date, the capital structure of Gold Coast Mining is 579,887,086 shares issued and outstanding with 380,018,336 shares held in CEDE & Co (the tradable float).
Short Term Agenda
Recently the Company has been working with its partners to select and come to terms on a property that will have the funding commitment and structure in place that is beneficial to its shareholders. It is expected that the details of the project including timelines and structure will be forthcoming as they progress over the next several days and weeks. While the Company may need to issue shares as debt is settled and it moves towards mining production, management has been and remains commited to no reverse splits and/or toxic financings as part of this process.
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.
In closing, management will continue to push its potential projects forward, keep disclosure filings current and settle open debts/obligations. Management is commited to building shareholder value through acquisition and mining development. Regular updates and progress will be forthcoming.
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.
Gold Coast had previously secured 2 joint venture opportunities, the Oro Cache Mine and the Eagle Mine. Gold Coast is a 50% revenue sharing joint venture partner in both projects.
To date, Gold Coast has been unable to secure financing for these joint venture projects that it feels is favorable to its shareholders. Management continues to pursue capital and other potential joint venture opportunities. Currently management is working with Western Sierra Mining to secure and finalize a project, with financing built in, that the two parties will operate within Gold Coast.
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:800-291-9321
Email: marclovito@yahoo.com
385K in volume at $.0001...must need $$ for a beer run in Ohio....LMAO!
Hey stevo....good to see you here....you checking out this action...lots of shares getting eaten up...no movement in the PPS...same old HBRM....teases you then gives you nada....Happy Holidays to you.
I know...this is nuts. Buy the rumor sell the news would make sense if we were not sitting in the low trips...makes no sense to me at all.
Anyway....here we sit in the $h!t.....GLTY
We need a real CGFIA power hour here. This was looking so great early, why not close with a bang?
I am getting slammed on Facebook about this one right now. Anyone know the deal here? Level Stock and Stock Egg are hitting me left and right on LXRX....last count 9 messages in three minutes...something is cooking for tomorrow IMHO.
Makes no sense at all hbe84 at all. I am never amazed any longer by these OTC plays. Looks like it was held down and not meant to run. Still, holding 2's could be a helluva lot worse for some down here.
GLTY
Nice attack there Clyde....if only your grammar was as sharp as your tongue and vitriol....see below... drifterfcrc....you are stupid arn't ( maybe aren't was what you were looking for here) you?...or maybe stupid by design....either way STUPID!!
AN MOU IS AN AGREEMENT IN THE GREAT STATE OF FLORIDA.
Maybe my assumption that you can READ and thus COMPREHEND is were (try where instead) I make (try made, show past tense) my mistake.
I agree Hedge Party...this one has the right stuff to get to a higher exchange IMHO.
Good to see CFGX back over the penny!!!
No doubt. If I get 4M or so that is only a 400 dollar bill....well worth the lotto moon shoot IMHO.
I mean no kidding...dilution or not, 1B on the bid side is huge $$$ out there wanting this thing.
CGFIA
WOW....is that really 1B shares on the bid side? That is awesome!
CGFIA
Funny stuff...$6,500 pays 2 months of my overhang...maybe some Xmas $$$$ was needed as well....All good...better to have those shares hit us at a low PPS rather than hit us at 4 and kill a run...JMHO
CGFIA
It would be great to see this security trading on a higher exchange. No doubt that the PPS would follow suit.
WOW...this is a lot of shares hitting here...at least we are holding the 2's.
Well it takes a lot of ba!!s to play golf and trade the way I do....LOL
12/20 CFGX News out!! Capital Financial Global Engages Auditor, Closer to Becoming SEC Fully Reporting Company
Capital Fincl Global (PL) (USOTC:CFGX)
Today : Tuesday 20 December 2011
Capital Financial Global Engages Auditor, Closer to Becoming SEC Fully Reporting Company
PR Newswire
SALT LAKE CITY, Dec. 20, 2011 /PRNewswire/ -- Capital Financial Global, Inc. (OTC:CFGX), announced today that it has formally engaged the accounting firm Hansen, Barnett, & Maxwell, P.C., as its independent auditor.
"Our goal is to elevate the Company to the OTCQB Tier by becoming fully reporting in 2012 and choosing the right auditor is the first important step to getting us there," said Mr. Paul Norat, CEO of Capital Financial Global, Inc. "We are excited to work with Hansen, Barnett & Maxwell; they are extremely experienced and well-respected auditors and have been successfully helping companies meet the SEC's rigorous reporting standards for years."
"Additionally, providing audited financials is in line with our stated Ethical Standards to 'proactively provide clear and appropriate information to all our business constituents.' We feel this will increase investor confidence and help create long-term growth and stability for our shareholders," said Mr. Norat.
"For additional information, we encourage shareholders to reach out to our new Investor Relations team headed by Mr. Michael Keller by calling toll free at 888-801-9715 or by emailing ir@capfiglobal.com."
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance company that, unlike traditional banks, helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and by converting distressed collateral into cash or trade-able form. The company is publicly traded on the OTC Markets trading system under the symbol "CFGX".
Our Business Model
The Company makes money by originating new loans, buying and selling existing loans, and by converting distressed collateral into cash or trade-able form.
Market Segments
The market segments the Company operates in are: insurance trusts and pension funds, residential & commercial real estate, precious metals, and investment grade government securities. The Company will also aggressively pursue any other opportunities that fall within its overall strategy.
Forward-looking statements:Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For more information please contact: Capital Financial Global, Inc.Investor RelationsMike KellerTel: 888-801-9715Email: ir@capfiglobal.comwww.capfiglobal.com
SOURCE Capital Financial Global, Inc.
I know...someone needed $6,500 in a hurry....EEKS!
65M just hit.....UNREAL is one word I would use to say this CEO does not want this run,.,.the other word is....$%#@&@#!!
Buy the dips.....sell the rips....or some such thing...as long as the bills are paid, who cares how we articulate it....just win baby....LOL
Lots of $.0002's getting filled big time....Looks like my 2 into 3 may pan out today....Nice...CGFIA
Well if someone wanted out, why not take advantage of their good nature? If the selling eases, we could easily turn 2K into 3K here....traders know the upside to these plays...
That adage could very well be in play here...Looks like we are seeing the volume pour in here...hopefully this plays out accordingly
Hey....10M only costs me 2k....sell them at $.0003 in a few for a 1K profit is not a bad investment....JMHO
CGFIA
I agree kapoooo....VFIN is not a welcome sight on most plays...here is definitely persona not grata...
I know Flex...we had gained the edge and VFIN comes knocking like the ghost of Xmas past....some nightmare he is causing....:(
Really...how does that pertain to CGFIA? Come on,...play by the rules martin.
I know Flex...looks like someone had shares to spare...thanks for the cheapies whoever you were!! Bids filled on my end in a blink!!
CGFIA
Just saw it....BUZZ is happening on Twitter and FB as well....Could be a nice profit for traders....GLTA
CGFIA
Heck, a 3 buy to a 4 flip is still 33% in the black...not bad for a day or two's work.
LOL....I dunno Techno....GMAC I am not....let's talk after CGFIA makes the moves I think are coming....GLTA
Get this......less than 25K....I think that is a fair price...I have my eye on a Ferrari 400i for sale in Palm Springs for 30K....needs TLC, but I would love to get my hands on it...http://en.wikipedia.org/wiki/Ferrari_400
Me too....that Acc/Dist Line on the chart shows buyers for weeks now.,...I think this is a pattern starting to repeat itself today.....no selling into the news...looks like folks are buying into this news cycle...Very good to see...
CGFIA
Open and $.0003's printing now....
Flex, CGFIA...huge buzz on Twitter and FB...looks like the secret is out and this thing is game on.....GLTA
Maybe you can buy mine and let me step up into something newer than this '72 I have had for a while.....I would love for that to happen to you Techno...what a way to close out 2011 for you...WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
CGFIA
CGFIA Recent 10-K filed November 2011...Link here..
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8261630
Those $.0003's look ready to crumble into $ 4's & 5's! IMHO this could go bigly this week....any buying pressure blows the lid off this thing early....IMHO
CGFIA
I know....pretty big 'eh? $200M is playing with the big boys!