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Tax deferment.
Uplisting coming. CPA hired to audit financials.
I agree.
There is no direct connection. If one were to look hard enough, a remote connection can be made between every company that exists with any other company.
Yep and to actually read what companies are actually being discussed in the PR.
No connection. This is Western Seirra Mining Corp. not Western Gold Co.
Great post and dead on accurate. Basic understanding of how the market works goes a long way towards being able to form valid opinions on securities.
Yep! Can I go ahead and call the Ihub name "GDSMillionaire"?
Too funny! Tell that to the MANY investors in this market who know how to trade that are now wealthy. Not all will see the opportunity but those who do will make a lot of money.
Can't argue that!
Smart investors who know a good thing when they see it. Plain and simple.
No interest? ROFL
See the volume? That is someone buying. See the bid support? That is interest!
I sure will be enjoying my money when this POPS!!
LOL it doesn't show that at all.
All it shows is manipulation and lack of buyer confidence of a few investors. I'll be thanking them for the cheap shares when this turns the corner!
Plenty to see here!! Stick around!!
Granted there are hurdles ahead but the potential for a huge reward here is well worth the risk IMO. This market is full of "what ifs". Speculation is what makes the OTC market so appealing. In no other market can huge gains be made in such a short time.
That is the lure of this market. Is it worth the risk of investing a few grand to potentially make $100k +? Each investor must decide that for themselves but IMO the answer here is a clear "yes".
Setting all potential material possibilities aside, GDSM stock is liquid, the PPS moves easily and there is plenty of interest here. That all adds up to money to be made for those who know what they are doing in this market.
For investors who don't see the potential here on pure technicals alone shouldn't invest in this market period. Those who do will be well rewarded.
Agree... excellent news! The potential has just increased significantly here.
Excellent first step IMO...
http://www.avvo.com/attorneys/20006-dc-william-haseltine-235897.html
LOL. They are uplisting to the OTCQB market not NASDAQ.
Not correct. GDSM has to report to the state of Florida the details of its business and any changes that take place. Go to Sunbiz for the filings. No AS increase has been filed.
Looks like a great buy opportunity to me!
Nope is it correct. WSRA stated it themselves.
I can be sure because there has been no filing with the state of Florida for an increase in the AS count. That HAS to happen before shares are issued.
So far so good. Anyone that can call bottom with a 6.3% margin of error is quite good. I'll take that any day of the week since I'm usally happy with 15% error.
You're right about the 10 months at least. GDSM should be audited and fully reporting in less than 6 IMO. The uplisting for GDSM has been a goal for a while but is now just becoming a priority. The clock starts now.
The A/S has not been increased so shares can't be converted above that. The A/S is at 750M.
Except that GDSM hasn't increased their AS so there can't be any conversion into the OS. WSRA and GDSM are still partners according to WSRA.
That shareholder letter is from WSRA as should have been easily determined by reading the link...
http://www.westernsierramining.com/ShareholdersReport93012.pdf
How one could come to that conlusion is beyond me since the facts are so plain to see and easy to comprehend. WSRA plainly stated in their September shareholder report that they still have an ongoing relationship with GDSM. Here it is again in case you missed it...
Western continues to work closely with GDSM for the development of the Gold Star properties as they pursue the necessary funding. GDSM also remains committed to the financial support of the Azurite mine. In addition, we have made available to GDSM
additional mining properties for their consideration which they are currently evaluating.
GDSM is currently setting their priorities and communicates with Western as to their progress.
CLEARLY
Apparently not. What the payment was for has everything to do with why it wasn't necessary to pay it. Plans change. Directions change. WSRA and GDSM both decided that the Azurite project should be the focus and that is the direction that GDSM took. This was stated by both companies and it isn't that hard to grasp.
that now makes BOTH the JV with WSRA and the GOLD STAR nonsense in default.
Unfortunately that is how this game is played. It is up to each investor to decide if they are going to be talked out of their shares. I have a death grip on mine!
Easy answer that has been given many times. The $100K payment was for the GoldStar phase schedule. That was temporarily set aside to focus on the Azurite. I would suggest doing a bit of basic DD on the history of WSRA and GDSM and get "up to speed" on what is actually going on.
Time will tell but anyone with even basic knowledge of SEC regulations knows that shares can't be issued above the AS. GDS* is at 750M so that is the most that can be sold... period.
The truth isn't hard to swallow but apparently is hard to understand by a few. Most longs are holding and accumulating because we know what is coming and will help it get there when the time is right. The amount shares that have been sold over the past couple of weeks amounts to the volume of about 2 good trading days. The PPS will shoot above a penny in the blink of an eye when it is ready.
Of course not.
You're right that most don't care. Most invested and long know the truth behind the longstanding relationship between WSRA and GDSM and are not worried one bit.
GDSM is current according to OTCmarkets.
To understand why the document isn't signed requires a little understanding of common business correspondence practices. The /S/ before his name means that the original copy is signed. This is often used when letters are filed electronically.
And yes... some of the posts are incredible.
The phase timetable is a moot point. As stated by the company and on this board many times, the phase schedule is for the GoldStar claim which was superseded in priority by the Azurite mine. Both are still on the table but the Azurite is what has current focus.
Share structure as of today...
Class A: Authorized shares: 440,000,000
Class A: Total issued and outstanding: 347,833,085
Class A: Total restricted: 51,485,000
Thanks for your opinion but the progress currently being made on the Azurite speaks volumes towards what the company stated.
It doesn't matter if they do or not. The $100K was a phase payment for the GoldStar project which has been temporarily set aside to focus on the more lucrative Azurite project. The $50K payment for the Azurite JV has already been paid. Both JVs are still in play but both companies agreed that the Azurite would take priority since it can be brought into production faster. Work on the Azurite is in process... roads were just cut in a couple weeks ago.
This can be verified by doing a little DD on communication from both WSRA and GDSM.