is investing - trying to not be a proletariat.
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Just thought I'd point this post out again because it is highly relevant to the state of affairs over here in GDSM land...
What.A.Turd.
This security is toast, dare I even say a bit charred and over done?
it barely can hold .0003 lol... its terrible.
just remember those can be changed in an instant and sometimes MMs use that to stifle demand by flashing a smaller block then what is really out there...
just an fyi
imo it could still go lower, with little buying pressure - could be an easy low volume take down.
So they won't R/S during the ticker / name change? Not saying they will, j/w.
Volume has pretty much dried up.
LOL, that wasn't my point. I can see the spread ;) and L2s. It's just people were talking about how many shares were on the ask and I was merely asking them to provide proof to the people without L2s.
I use quotestream ;)
Someone actually mind posting an L2 shot for everyone?
ZZZZzzzzzZZZZZZZzzzzz
Everything has reset, just need the right ingredients to get the party started...
Well, by June 22nd 2012, GDSM will need to cough up another $350,000.00 --- who will foot the bill?? It is clearly outlined in the March filing on page 8.
Source: http://www.otcmarkets.com/financialReportViewer?symbol=GDSM&id=75220
So if "initially, the company plans to finance its operations through capital commitments from shareholders." what will that mean?
To me, it is colorful language for dilution, spin it how you want... facts are facts and the company has laid it out there for you to see.
Totally agree about the PM you sent me. I've been asking this and everyone keeps on parroting 'no toxic financing,no rs' blah blah blah.
People are in for a rude awakening my friend!!
$350,000 = ~63,636,363 shares @ .0055
Because Mark is going to need the PPS to be much much higher to continue this operation, plain and simple.
The pps is the most important part of a public company... where will money come from if he cannot finance against the company?
Secondary shares (the shares we trade) finance nothing and only benefits the company because the company uses the pps as a valuation for getting financing.
A $15 stock has a far easier time finding funding than a .005/6
Part one of the prophecy fulfilled... touching .006 - now... lets see if part two of that will be a reality... .004X here we come! My guess is the bottom will be between .0027 and .0034
plan accordingly!
Yeah his credibility is showing. Look at the stocks price! Down the toilet.
Well, enjoy as this is diluted into oblivion. There is no way that Mark can pull money out of thin air without financing against the company and considering where all the capital flight is going (why is money leaving the security?)
There will be dilution anyone believing otherwise is fooling themselves. I don't care what the filing says about toxic financing because there are no other ways to accomplish this feat.
Well for one, WRSA pps explains alot (~.005X) and secondly companies lie in their filings ALL THE TIME down here in pink land. Unless the security becomes a million dollar + racket, the SEC will do nothing.
Additionally, phase 1 and 2 are what they are. In essence, neither of the two will bring any form of cash flow.
Be-careful with your wording because an exploration company generally does not mine, hence the name 'exploration'. Typically those exploration companies survey the land, report what they find and then sell the claim to a company that has the capital to bring in the equipment to begin mining. They usually hold a certain amount of the claim say 25% as a royalty for say a finders 'fee'.
More over there are little facts, yes we 'see' that the phase 1 and 2 were paid for but we have no real proof. We do not even know how far along they are on surveying.
Of course none of this will ever happen over night because as you have outlined, it takes a lot of time.
But the hype and cheer-leading here is deafening and imo unwarranted. Until we hear x amount of au/ag were extracted, everything else is simply static and noise.
Yeah board marks are falling too, another sure sign that inevitably what will be will be.
Ugly, the 20MDA has fallen beneath the 50MDA and they both are zoning in on the 200MDA. RSI is obviously very oversold and the CMF is clearly negative. Volume has dried up and imo interest has faded.
There won't be an update imo until at least 'August/September' and maybe a run up shortly there after but it will not hold simply because there is nothing to 'valuate' this security with outside of pure speculation.
Sooo, my guess is a short run up to .006 today and then it'll be drove back down into the .004X range.
Aw, don't get all butt hurt over losing your lunch money to a typical mining play.
imo .0034/5 might be a good entry level... might be hard to grab shares there... but I would not be the least bit surprised to see this move to there. If they do deliver on the news and such - this'll move pretty well imo, as long as people do not dump into the rally... very possible at this scenario.
I'm not going to discuss any of this in the open :) Nothing personal and I hope you understand my perspective.
What... and kill the goose that laid the golden egg? No thank you. If people want to buy and marry toilet paper, so be it. But that is not how i handle my financial affairs. Only advice i can give is wait for a trend reversal / confirmation - ride for the bounce - SELL FOR A PROFIT and rinse/repeat.
Then there would never be a winner. If you're gonna slam people because of their trading habits, compare your comments to yourself. The only losers here are the people who kept thinking this was gonna sail all year long and they'd just keep cashing out on the momo.
I said it last week that by EoW we'd be trending the .005X range and all the usual came out of the wood work. I do laugh now because my crystal ball was spot on and there is nothing they can say or do but feel salty and continue on with the 'just keep holding'.
Sorry, holding stock is not a way to make money.
I think he may have bought on the hype with everyone screaming about the 'warrants' at .10 and .15
I agree.
My philosophy has become, never marry a stock. Have an entrance price and an exit price. Never take any loss higher than 20% - you can always re-enter and recoup a loss or make a profit. But a total loss is unrecoverable. And the only thing left I could add is - the trend is your friend. Never fight resistance.
Investment advise at its best... lol
Shares Outstanding: 1,891,570,722 a/o May 01, 2012
Float: 81,404,569 a/o May 01, 2012
Source: http://www.otcmarkets.com/stock/SOCU/company-info
Interesting.
Just a shake up, it'll get worse as we begin to move up - but once demand flocks in over the news and whatever else... this'll fly high for a while. Hang in there people, we've waited this long... wait for the payoff.
Ah in the .005X range, just like I said.
Indeed.
Good idea.
.005X, here we come! EoW it'll be so.
I'll plagiarize Mitt Romney in saying 'Forward?' slogan; 'What, over the cliff?'
I think that fairly describes the .034 ---> .0063 plunge.