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Can someone corroborate this is coming from the Yahoo Board
Received from BB - Matt 2-Sep-09 09:06 am
fconklin42
"Thought you might be interested in seeing this from Brass Bulls. It looks like another news item to be released on Thursday. I guess these guys are serious about this company. Please keep to yourselves.
Gold Coast Mining Announces Corporate Update
• Press Release
• Source: Gold Coast Mining Corp.
• On Thursday September 3, 2009, 9:15 am EDT
BOSTON, Sep. 3, 2009 (GLOBE NEWSWIRE) -- Gold Coast Mining Corp. (Pink Sheets:GDSM - News) announced today the following corporate update:
Today the Company has received confirmation from Pink Sheets that full shareholder transparency for OTC Disclosure and News Service will commence on September 30, 2009. This service allows the Company to publish its financials and disclosure forms on www.pinksheets.com and is the first step in creating complete transparency for the shareholders. This corporate update allows Gold Coast Mining Corp. to meet the Pink Sheets Current Information category.
Moreover, Gold Coast has filed the necessary documents to further reduce the share structure by 40,000,000 shares. This will bring the share count to 404,887,086 shares issued and outstanding.
Jason Cooper, Interim CEO of Gold Coast Mining Corp., stated, "By meeting the Pink Sheets Current Information status and further reducing our share structure by another 40,000,000 shares we are gaining investor confidence and transparency. We are looking at ways to further reduce the share structure and have initiated corporate objectives to gain OTCBB compliance in the coming months. We have identified another joint venture and have released a Letter of Intent (LOI) to become a 50% revenue partner. Updates on the joint venture will be provided as they unfold.
About Gold Coast Mining Corp.
Gold Coast Mining Corp. seeks to provide financing, equipment and finance related services to the mining industry. It is the Company's plan to pursue these opportunities through acquisitions and joint ventures with other mining concerns. The Company currently has a joint venture with Western Sierra Mining Corp. (Pink Sheets:WSRA - News) for its Ore Cache and SunGold Mine Projects located in the Prescott, Arizona area. Gold Coast has agreed to provide capital to WSRA to fund initial expenses to put each of the mines into production. Such initial expenses will include the construction of a hard rock free gold recovery plant. Gold Coast is a 50% revenue sharing joint venture partner in both projects.
The Company currently has 444,887,086 shares issued and outstanding.
Contact:
Brass Bulls Investor Relations
Matthew Lovito
866-342-2700 "
bnfk:
You certaintly have some persuasion on the market!
Today Popt is down now that you sold it!
"As soon as Brass Bulls/Lovitos post the current financials on pinksheets.com and the company web site I'll go away"
"..filing of Initial Disclosure Document ("IDD") with Pink Sheets next week.."
golfgirl read the news and go away as you stated this AM.
LLLLLLLLOOOOOOOOOOOOLLLLLLLLLLLLL!!!!!
Your the worst basher I've ever seen...
I dont think Your boss will ever pay you!!!
News Out
http://finance.yahoo.com/news/Gold-Coast-Mining-Announces-pz-222314345.html?x=0&.v=1
The distribution date, or Payable Date, will be September 30, 2009. The shareholders of record of the Company on August 31, 2009 will receive 1 share of Max Media Group, Inc. for every 30 shares of the Company owned on that date.
Filing of Initial Disclosure Document ("IDD") with Pink Sheets.
The Company expects to have the IDD and its financials filed next
week.
"...But you shouldn't be telling anyone here to sell because you know nothing more about this shell than any of the rest of us:) .."
I'm sure posters in here are more than dissapointed with bnfk's confession after he vividly promoted POP3 in both boards Yahoo and IHUB. No brainers... they will sell too !!
I bet you will be the first one to sell tomorrow at the bid side as soon as you feel weakness LOL!!!
Nothing wrong with that... Capital Preservation is King!!!
FINRA Proposes Extending NMS Rules to OTC Equity Trading
FINRA is proposing a new rule that would adopt an approach to sub-penny quoting that is consistent with that implemented by the Sec in Regulation:
http://www.sec.gov/rules/sro/finra/2009/34-60515.pdf
FINRA is proposing to adopt new rules to extend certain Regulation NMS protections to quoting and trading in over-the-counter equity securities (‘‘OTC Equity Securities’’). The Commission has published a notice in the Federal Register to solicit comments on the proposed rule changes from interested persons. Specifically, FINRA is proposing rules to:
(1) Restrict sub-penny quoting
(2) Restrict locked and crossed markets
(3) Implement a cap on access fees
(4) Require the display of customer limit orders
Thanks for the advice but i have my own Timetable besides
POPT should go back to 2's-3's in less than a couple of months.
In the meantime there are plenty of stocks to trade for a quick profit.
For my longer term investments I'm on 2 developing R/M that hopefully are much closer to outcome than this one.
I have xx years on this market and patience & discipline are the highest virtues you must develop.
They are pretty known for naked shorting.
If this speculation Ari Bass Stuff is true then the corresponding R/M process will take many months.
So I will be on the side lines. Until an appropiate Bid Price comes along.
So I dont blame bnfk for taking advantage of the unwary Naives who happen to be unpatiencly traders.
So sell now, take a profit if you can, and wait until price goes down and buy again if you think that something is going on underneath.
Is GDSM halted?
Or is the Calm before the storm!!! LOL
Finally some action here!!
Gold May Break Out to Record:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqg7fd0Bs6lU
TJG thanks for the post....
Could you provide the link
I not sure if this is the one you are talking about:
http://www.sec.gov/rules/sro/finra/2009/34-60515.pdf
TIA
Sure Geotem
Usually when the open price starts well above the previous close (the Gap). Some traders try to sell inmediatly to take profits, the price tends to return to the close price ( Filling the gap).
Yesterday There was a gap from 0.04 to 0.08. The gap started filling back upto 0.062 then resumed its rally.
Tomorrow ought to be a interesting day.
1. With Divis out of the way, we'll see who really stays for the Gold in 6 months.
2. MXMI News should be out soon ( hopefully )
3. JV/Merger News too ( hopefully too!! )
Yes , Tomorrow there should be another gap up signally end of Pumping and start of Dumping. Just dont get too greedy!
Do you know the guy who is buying?
You shouldnt get any problem to get shrs at 0002 tomorrow
Yeah .
It doesn t look like accumulation expecting news!
I guessed the other day that we might have news Starting September. But I not good at Timing!!
I'm expecting News Today about MXMI..
We need some extra pump ...
gap up at 9 am: 06 x 07
wait until gap gets filled!!!
upward gap both days.
My Opinion is based in previous observations.
OF course, Sometimes P&D fails if there are no buys
in the first 2 hours plus huge volume increment then all bets are off and you better sell whatever you have ( Maybe it will be your chance in months or years to come!!!)
Good Luck tomorrow
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You are correct 100%.
My suggestion to new trades who want to play this one on Monday is as Follow:
1. Expect a big gap on Monday
2. if the price doesnt go down initially then buy
smacking the ask price.
3. Hopefully the price will climb steadly all Monday.
4. Sell around 3:30 pm if you want to secure profits or Expect another gap on Tuesday Am and sell all your shrs as fast as possible. Dont Look back and forget about it
But if you buy now is Dead Money when you can double it in the mean time.
Old Investors fed up and Traders who buy now expecting an easy profit lose patience and sell off, driving the PPS to the original support which works like a very powerful magnet.
I have seen it many times. 1-2-3 month wait is too long in Pink sheets.
Why buy now if you get 4 times shares in 2 months ( double your money 1-2 months, get shrs at half the today's price in 2 months )
Be patient and buy at the bid you'll get it!!
Do you have Cost Estimates for implementing such a Lab?
and how many onz/ day minimum production would be needed ?
Nice talking to you Muaythai...
Good Night!!
Will the lab come after full production starts or at the same time?
Taking $800 as the production price make me think that they wont have a Lab at the outset of the proyect.
HI Muaythai:
1.I wonder why GDSM calculates $800/oz in its Financial Reports?
Do they get full or discounted price for Gold?
2. I would appreciate to have the link related to the IRS tax legislation proposal.
TIA
Today I got another P&D email from PerfectPennyStocks:
"....So here goes, our HUGE new pick is PRMK!
PRMK IS A PREVIOUS PICK OF OURS, AND IF YOU TAKE A LOOK AT THE CHART LINK BELOW, YOU WILL SEE THAT IT HIT A HIGH OF $.26 CENTS LAST TIME WE ALERTED IT FROM THESE LEVELS! (MORE DETAILS BELOW). WE BELIEVE THAT IT IS SIGNALING ANOTHER JUMP BACK TO THAT LEVEL OR MORE, A POTENTIAL GAIN OF 767% OR MORE!..."
So this coming Monday/Tuesday AM might be your way out of this one
Good Luck!
God and this is the first day!!!
I hope we have news on Monday Else we 'll go back to 1s
I will try to release funds !
( I though today was going to be a quite one!!!)
See you guys later. I hate this!!!
Attention Board Members
Today we have a new Basher, golfgirl23,
Suggestion: do not answer her unsolicited opinions
and put her on Ignore.
IMO I expect News Next Week Monday/Tuesday.
Jason will highlight MXMI and more details on JVs.
Possibly new jvs into the pipeline.
I remember On July, He had to mention the Dividends on several PRs to make sure the public in general could grasp the benefits.
Trader:
This is a shell Game. Pure speculation.
It is like playing Lotto.
The rumor is that Ari Bass has control on the shell and he is "known" as pundit on R/Ms.
Anyway, Assuming that the rumor is true. A R/M takes
5-6 months to yield ( Best Case scenario). Who is the Merging Co? Totally unknown.
Are you willing to wait that long for an unknown outcome?
Yes: Good Bid price: 0.0001-0.0002
golfgirl:
Dont look at the PPS it is meaningless at this point.
WSRA & GDSM have currently 2 JVs.
One of the JV will start producing Gold in the next coming months.
Please see the IHUB box. You will find complete details.
If you are new to R/M here are some premises:
1. Assuming that a negotiation is in order ( I havent seen
any clues yet beyond the Hi Volume).
2. There are several stages:
- Business Plans
- How much of the New Co existing shareholders will get?
- reverse split
- Finra paperwork New Cusip, Name, Symbol, Updating Financial Reports etc.
3. Development time for R/M takes at the very least 5-6 Months
So if you are willing to expect 3-4 months more No Problem.
Else ......
IMO
A merger is in Order but WSRA will take control.
It Would be great to have better awareness but I'd say wait.
It will take a couple of months before GDSM is ripe for a Bit.
I think GDSM will be trading side ways . Expect some Low days but inmediatly going up for a while. It will be better to keep
position if you believe that the right price is beyond
a penny. I will expect .05-.10 before New Year. Good time for retirement.
We are back to Basement prices!!
I guess sellers are reading your posts LOL
I wonder if the next days will be like today.
Just waiting for the 3 days settlement?
( I guess nobody is sure how Divi rules work
and rather keep positions intact just in case? )
MXMI trading at $1.49 this morning !!!
"How can pps do one thing and the charts show the opposite?"
It is called MM manipulation.
They will do it for several days/weeks shaking weak hands, then Bump straight to 1-5 cents.
I 've been here since May and witnessed how they operated.
and took advantage of it. Buying all dips!!!