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I'm still blown away by mj-xchange.com ! It has the addicting fb feel. We need an app fast. Also the name needs to be changed. It sounds like a place to sell weed. But I love it!
Could have mj news! I could sell one of my companies to them for a billion shares and they would already have sales you never know
I agree! Everyone hear should join mj-xchange.com. It's the best social media website for mj I've seen! I told Mike I was blown away!
I'm going to be blogging on there a lot. My next blog will be how to get a lb or more off each plant! Should be up tomorrow! Make sure to check it out!
Who is "most of us" fish man? Because most of us have lost money in pink land. You are mistaken when you say "a nervous few" most companies on the otcbb is nothing more than a share selling scheme.
There are still a lot of skeptics here.
After talking to Mike I have faith in the direction the company is going.
Why are you splitting hairs with me? Why don't you argue with someone who doesn't share the same opinion as you! Lol
From my phone call 06/01/14 1:45pm with CEO
Name and T/A change is being planned!! He wants it to make sense though. Such as if GDSM acquires lets say for example Growing Innovations Corp. , he could just change the name and ticker to the acquired company.(He is not planning on acquiring GIC. this was just an example lol)
He also mentioned a contest and letting the shareholders pick out the new name, with a $500 reward going to the winner! (This guy is the coolest CEO)
Ad Revenue is coming in! Its coming in slow, but it is coming in!! Mj-xchange.com offers 30 days of free advertising, after that there is a pay per click fee.
He just hired a marketing professional who for 8 hours a day will be calling people and business' who have responded to post cards sent out. This will generate even more ad revenue.
Now lets get to the Reverse Split
Me: A lot of companies will increase the A/S and than dump the shares and reverse split. Do you have any intentions of doing so?
Mike: A couple months ago we were at no bid. Most companies in the otcbb after sitting at no bid reverse split. But I have big plans for this company. The only reason we raised the A/S was to avoid a R/S! My goal is to build shareholder value. It makes NO SENSE to do a R/S.
The 3 billion shares probably wont be used. They are there just in case or could be used to acquire companies.
Mike will be visiting CO soon to check out a possible acquisition target.
He is a cool guy!
Million
GDSM An analysis of the future
I won't give you the hype and will spell out the hurdles that need to be overcome. It won't be sugarcoated but hopefully it will allow an informed analysis of what the future might bring. The analysis is not for the trader but for an investor.
Actually the bad first:
GDSM is a company that has been around for a long time. It has gone through some name changes throughout the years and previous to this time were led by people who's considerations was either not in the shareholders best interest or for their own interest. That has changed relative to leadership. But none the less from common knowledge a debt of $5M in the form of a judgment exists. There have been attempts to negotiate the debt but favorable terms have not been met. In addition there was extended financial information that was never kept in an orderly manner and has created challenges in fully completing those issues. Currently those financial reporting's are being completed.
In addition these results will be audited by a certified CPA co. which is above and beyond the requirements of this tier of the OTC. The goal of exceeding the requirements is the desire to create transparency. IMO truly commendable that the co. would exceed the requirements as many OTC will never want to do this.
There is still one other aspect and that is that the co. at this time has no revenue and/or little revenue. Some revenue is more likely than not generated from either buys or per click on
MJ-Xchange.com. At this time to best of my knowledge those are the things that are the negative factor.
The positive forward looking factors:
MJ-Xchange was the first step in the recovery of the co. It created a place for people who are interested in the sector to discuss, form polls, create pages, view sector news, post associated and pertinent articles. This is just relative to traders or investors. It also at the same time created a place for the common guy to go and anonymously sign up. So perhaps not the trader or investor but the closet smoker (millions of them)who never really had a way to do that. Now some might contend that FB is ok but I would weigh that most are hesitant to even create a false ID for fear that someone they know would find out and it might jeopardize their lives. That is one of the beauties of MJ-Xchange is that you are totally anonymous and never even have to post to FB even though that is an option you could use.
Heck you could use the site in a hidden mode and no one would ever know you were there. Quite a nice feature and consideration for those who discretion is the better part of valor. So first a resources for discussion and research has been provided by the company.
Secondly is that by creating a website where users come to you a storefront has been created with a captive audience with at least a portion perhaps willing to buy items on the site. A lot more is to come on MJ-Xchange and daily, revenue generating sources are being placed on the site.
One other aspect that has been created for revenue generation is MJ-Merchant. I would say that considering the marijuana sales market whether in a legal state is a cash an carry business only. This is how it has existed and will for a while until all banking hurdles are overcome. That won't be until prohibition ends or way down the road. So why Is MJ-Merchant so valuable? Because it has bridged the banking hurdle and placed a viable non-cash and carry future for these type outlets which are hindered by the banking regulations. There are some other co.'s out there with similar operations but they are direct debit. While this does solve a money transfer situation it does not create the cash float system that MJ-Xchange has. The cash float is because A marijuana retailer now will be able to sell product to someone who doesn't have the cash right then.
OK everyone think about this. What do Americans do? We charge just about everything other than most household expenses. So if people are willing to spend their money they don't have at a restaurant they sure will also spend it at a marijuana retailer. Also monumental about the MJ-Xchange system is that it is major credit cards. VISA, MC, etc. not some loyalty card you pre-buy.
This does not even address why a retailer would want this system. Most marijuana retailers are handling a huge amount of cash. This cash needs to be stored in the store in a safe but there is almost always a fairly large amount of cash on hand at any one time. So each of the retailers is facing risk of robbery at any time and security is probably one of the largest concerns. That is just in store. Currently with regulations they can't take that money to a bank so they have to stash it or somehow launder it into accounts. Stashing it, risky. Laundering it, Jail time. An acquaintance who owns a facility told me" I'm a big guy, but I can't stop a bullet". This is the guy that is scared to death when he leaves the store with a large amount of cash on his person.
Some security might be had in the store but once you leave that security really all bets are off and the ultimate risk in life is being taken. That is the threat of bodily harm or worse. Both of the above reasons is why retailers will jump at his opportunity. Safety as a main concern and an ability to get customers the would not have gotten if the credit facility was not there. I think there are over 700 facilities in the US. Probably shy of the real count though. Wait until other states open their doors to either legal or medical. The count goes up from there. So consider what type of money we're talking about here flowing through the MJ-merchant system. the acquaintance avg.'s $150K in two weeks. Not a large operation either. Multiply that times 26, then multiply times the amount of stores. Add up to a lot. :) While we don't get all that money every time someone buys we make money for the co. as a %. So that is just MJ-merchant.
Some may say they would never do this but if you wouldn't then it would only be because you don't agree with the sector. Considering you are here looking at an MJ sector stock I will consider that you either support with your trading/investing or you just believe in the whole sector and legalization.
This scenario is presented from the adds that have been placed on MJ-Xchange now. Doesn't even include any that might enhance more. There are 4 adds on the Xchange right now that could propel you to an extra income source. That is that the service which is there that guides you through the legal side of being licensed to grow or retail in your state.
So as long as you have the cash to do that you are set to be a grower or retailer. service #1. value. Then if you used the one add you could buy a grow box and defer the payments for a period of time. It looked like long enough to get at least on cycle out of the box possibly two in 6 months. Each box indicate it could produce 5 lbs. a yr. Avg. value minimum at wholesale (low figure) $10K. The box total set up would run you approx. 1k with operating cost. So right there the Xchange has created an opportunity for some to be legal, crate an income just from a growing aspect.
OH, there's more. You could also go and be the retailer also. So take the profit amount and add minimum 50% to the above $ amount. Now I realize that not all would do this. I also realize that any sale of such and revenue would be a portion to GDSM. But I highlight the potential because if you are really thinking about where legalization is going it would be apparent that the products now on the site have a great potential to be bought which bring in revenue. Also that for those who decide to venture into this grow/retail sector that a minimum expenditure path is created. If your legal and can pull in $20K a yr. for $1,500 it is a no brainer that someone would buy.
There's more. The affiliate program. more adds coming, more deals coming, more revenue potentials. So while it is apparent as I mentioned above that the path has been set and revenue has been generated through the site, albeit limited due to longevity of the site, the site is still in its infancy, still developing to be better and create more revenue potential.
So consider in your evaluation not just the good but also the bad. But realize where the sector is going and look at the co.'s out there. It is hard to discern which ones are real or not. I will not say GDSM is going to the moon, or that the pps is going to skyrocket. But it should seem evident that the methods to crate a viable company are being created. With that should come the realization of the potential GDSM is creating and not just posing on. These are not LOI's which are hollow. These are real deal potentials.
We are fortunate to have an extremely experienced leader at the helm in Mike Shea. He is honest and really has a lot on the line. He has stepped out of his comfort zone of his normal business career and really has put his career on the line. Regardless of where the sector is going and what the opinions of the common American are the corporate side of America still has its judgment glasses on. If in fact Mike fails at this attempt he has placed his career for the future in jeopardy. Would you ever do that? Most would not. But Mike obviously sees the vision and how he can lead the company to success. It is my opinion when the company is fully back on its feet and producing nice revenues that a shareholder can be proud to be part of, Mike will be called visionary in the corporate sector.
Hopefully the above info is enough for you to see where the co. is headed and what the potentials are. Is it all rosy.? No, but it is starting to build. So if you buy now it may be good or if you decide to buy later it may also be good. IMO the co. is headed way up over the long term. it all depends on what kind of % you want to earn on your money. Start from the bottom, take some educated risks, or wait until the co. has earned $ the pps has already appreciated and your % of gain is less. Either way I suspect you will be a winner in this ticker.
Good luck to you in your trades and investments.
Maddog
Go GDSM!!!!!!!!!!!!!!!!!!
I can do it after I finish blogging about how to make feminized seeds on Mj-xchange.com lol
I talked with Shea yesterday. He said revenue is coming in. He is also giving me free advertising for a few months. As a thank you, I will be giving him free advertising on my twitter account @AmericanHighT
Which has over 1000 mj followers
After speaking with Mike I think the increase of A/S is for an acquisition. Or a couple!
He's not going to sell them all and R/S like many of us thought!
Of course he may need to sell some from time to time to cover costs while revenue is slow, but I think he will turn this company around!
I am a fan of Mike! Go GDSM!
DO NOT BUY
You like those super cropped snow white plants on mj-xchange.com?
FOLKS SIR DON'T LET THE MMS COVER !!
THE ASK IS .0001 AND THERE IS NO BID SO THEY ARE OBVIOUSLY GHOSTS!! EVERY EXPERIENCED INVESTOR KNOWS THAT GHOSTS SHORT AND WANT TO COVER AT 0!!
Lol! Great to be back!
From my phone call 06/01/14 1:45pm with CEO
Name and T/A change is being planned!! He wants it to make sense though. Such as if GDSM acquires lets say for example Growing Innovations Corp. , he could just change the name and ticker to the acquired company.(He is not planning on acquiring GIC. this was just an example lol)
He also mentioned a contest and letting the shareholders pick out the new name, with a $500 reward going to the winner! (This guy is the coolest CEO)
Ad Revenue is coming in! Its coming in slow, but it is coming in!! Mj-xchange.com offers 30 days of free advertising, after that there is a pay per click fee.
He just hired a marketing professional who for 8 hours a day will be calling people and business' who have responded to post cards sent out. This will generate even more ad revenue.
Now lets get to the Reverse Split
Me: A lot of companies will increase the A/S and than dump the shares and reverse split. Do you have any intentions of doing so?
Mike: A couple months ago we were at no bid. Most companies in the otcbb after sitting at no bid reverse split. But I have big plans for this company. The only reason we raised the A/S was to avoid a R/S! My goal is to build shareholder value. It makes NO SENSE to do a R/S.
The 3 billion shares probably wont be used. They are there just in case or could be used to acquire companies.
Mike will be visiting CO soon to check out a possible acquisition target.
He is a cool guy!
Lol yes! A pretend corporation with shareholders and registered in the state of NY. With 2 pretend patent pending products.
I joined mj-xchange last night. I have to say I am impressed.
Lol did you forget I owned .0001s and sold at .0030? That's 3000%
Anyone have any questions for the CEO? I will be speaking to him today. I have a feeling I will be changing my tune soon lol
Lol there are a lot of facts anyone can check out in there.
Now please answer how many shorts are trying to cover?
The answer is 0! Lol hence the no bid
I will call tomorrow after church around 1:30ish. Look forward to it
In penny stocks? Lol How much and what tickers?
I can't believe this is still over .01! Shorted at .48 lol
.0001 is coming! Might as well average down
Lol you will never get a penny back. But I enjoy your enthusiasm
Just curious how many shorts are trying to cover at NO BID lol
Believers non believes blah blah blah.
Share selling is the name of the game. 3 billion more shares to sell. It's not flippers, shorts, or mms.. It's the company selling..
took my time and read the 10 Q. How can a real investor be happy with ANYTHING in there?? I imagine Kay and his goons are the "happy" ones lol
It is the perfect share selling scheme. Include the children and their safety. MUAH HAHA
If Kay really cared about children, he wouldn't steal all of their parents money! lol
If you don't mind holding shares while they sell over 3 billion shares be my guest. I am just trying to warn the newbies here to wait until this hits .0001
So let's just say they sell 3 billion shares. As an experienced investor can you honestly say that wont affect the sharer price?
You don't have to try and talk me into buying. I am a flipper and chart reader. I am only here to make money. When I buy again I know to sell at a profit because it will come down fast!
As more pumpers buy shares this will get interesting! Could be worth the risk with more eyes coming
That's good! Wait until it hits .0001 for some real profit
Pleas post facts and links. Thanks in advance
Lol or maybe those of us who bought up .0005s .0006s and .0007s are extremely happy with the amount of money we made this week and are cashing in for a huge profit
Here is the link to the increase of A/S to over 6 billion.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2014%5C0224%5C56660722.Tif&documentNumber=P01000117523
If there is 3.7 billion O/S what will each share be worth when there is 6.5 billion?
Thanks in advance!
With all this dumping going on we should be back in trips this week!
Ready to load again!
Increase of over 3 billion shares just waiting to be dumped
Real debt! Real -$14,000 bank overdraft! Real dilution! Real scam!
Im buying a boat in an hour. Oh and 2 new motorcycles.(one for the wife, one for me) And paying off that discover balance Thank you DGRI! My son Noah thanks you as well. Today will be his first time on a boat! GO DGRI!!
It'll make a big run to like .006 or .004, and then come down fast into the .0020s and then down into the teens, and trips back down to .0001 and no bid... IMO
But I'll watch the charts and trade all day on the way down looking for bottom bouncers.
Come on Empty, your not new to these plays lol
I agree! This will pop and be a great day trading stock on the way back down IMO
Follow for you my friend! My company also makes more revenue than this turd!
With the addition of billions of shares, we should see this diluted down to .0001 unless buyers buy up 3 billion before assuming they don't raise the A/S ..
I will be back in at .0001!
facts like this? http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=T%252fWqZKo7woEycAVd7fW08w%253d%253d&CorpName=EAST+COAST+DIVERSIFIED+CORPORATION
Do you see how constantly Kay is diluting this POS!? Do you know how hard it will be to sell at .0002 with 13 billion shares waiting to be sold? Lol
SIR GOOD LUCK GETTING OTHER BAG HOLDERS TO BUY THIS EVERY EXPERIENCED INVESTOR KNOWS THIS
To you as well! I'm not saying this is dead, just that it will go to.0001 and then no bid while they dump 3 billion shares. After that we could see a little pop again IMO
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2014%5C0224%5C56660722.Tif&documentNumber=P01000117523
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=T%252fWqZKo7woEycAVd7fW08w%253d%253d&CorpName=EAST+COAST+DIVERSIFIED+CORPORATION
If ECDC is not a share selling scheme, can someone please explain this to me??
Do your DD, and exercise EXTREME CAUTION IMO when buying this.
Follow me I follow back !