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Agreed. Just healthy sideways consolidation here. Support has held fine so far.
400 million in volume / $341K in dollar volume so far today is "dried up"?
We've all done that. Missed out on millions. Learning lesson. I think we are just starting here.
Hey doog! Long time... Welcome back.
Broke .001 A LOT faster than anticipated!
Huge money flowing into GDSM now. Buys coming in $20k at a time. Over $400k in money flow so far today.
Welcome back GDSM!
Can't "dump" into the ASK.
Thanks for the update!
Still good info though. Won't be no bid forever. Don't expect any real buying right now anyway being end of the year. This time of year is about the only good time to have a no bid... no massive sellers for tax write offs. LOL
Thanks fingers!...
UPDATE FROM CEO - 12/23/13
It has been two weeks since my last update. While the Company continues to negotiate a settlement with Gelpid, I thought I would provide some additional information:
The Company and JFenway have agreed to and documented a reduction of the debt from approximately $1MM to $225,000.
The Company has provided Steven Corso, CPA all items from several punch lists and is awaiting completion of the audit.
I would like to touch on another topic, a reverse split. At this point in time, it makes no sense to do a reverse split. Without the benefit of a settlement, “uplisting” and clear path to growth, performing a reverse split is a guaranteed return to the triple zeros.
I realize that 2013 has not been a good year for the Company and shareholders. I will endeavor to complete the tasks necessary to move the Company forward. Having said that, I wish all shareholders a safe and enjoyable holiday season.
http://gdsmholdings.com/investors/ask-the-ceo1.html
GDSM is not a LLC.
Many OTC companies report to the SEC.
The penny market will not ever go away unless the SEC allows for trading of small cap penny stocks on larger markets. That will never happen.
No, the SEC definitely consider securities in OTC markets ("pennyville") to be stocks. Which is contrary to the stated opinion in the post I replied to.
The SEC does not agree with that opinion.
Not just the penny market. All companies in every market have sold shares at some point... whether at IPO or after. Lets face it, unless a company has cash dividends, any stock bought in any market is just a gamble based on speculation and hopes of selling to someone for higher than what was paid. Likewise, the new buyer has the same hopes and intentions. Playing the stock markets is less about what a company does and more about sentiment and potential profit.
GDSM does need to stop the massive dilution before the PPS goes up and according to Mike, he is working on it. Is today's volume a part of that? I don't know but seeing a bid again is nice.
GLTA
Share buy back maybe?
Once again.... preferred shares cannot be sold into the open market and must be converted to common to sell. Once converted, they hold the same "weight" as all other common and are sold on a "first come, first served" basis just like all other common shares.
The "precedence" that you are referring to is in regards to issuance from the company and not selling into the open market. Whomever the preferred shares are issued to has to convert them to common to sell.
Shares aren't "dumped" at asking price.
I understand completely. I don't like where the PPS is right now either but I do think that if the plans that Mike has for GDSM pan out then we could really have a shot at something good here. I look at GDSM with a "you have to break a few eggs to make an omelet" mentality.
I think some take it too personal but it's just an investment an nobody is ever forced to buy or sell. Some investments are good and some are bad and which it is in this market is determined by the price at which you get in. I'm surprised at how many shares have been soaked up. Apparently there are a lot of bottom feeders expecting this to go up.
The answer to your dilution question is because events are happening now and Mike needs money now to get things moving. The PPS is what it is and that is what Mike has to work with for the moment.
Is there upward potential from here? I still think so. Nobody knows how high it could go but I think a penny is still in the realm of possibility. Dilution will have to stop first of course.
BTW.. burned toast is my favorite kind of toast.
What paid PR? Those are stock charts from a free charting website. They have no bias and are quite useful to those who know what they are and how to read them.
Seeking verifiable proof for a possible future stock price? Yeah, that's how investing in stocks works. Anyone wanting guaranteed returns needs to stick to bonds.
Ask Mike.
Given Mike's extensive experience in banking, I believe he may have the know how and contacts to get it done.
The judgment might be summarily dismissed as Mike mentioned in the last conference call.
A "bridge to the moon" or space elevator is actually possible and NASA released a paper on how it could be done. So, those in the know can make seemingly impossible things... possible.
100% incorrect. GDSM is working on debt financing for that $500K acquisition. Debt financing does not require the issuance of shares. A loan requiring the issuance of shares is called equity financing.
Thank you MadDog. That is one of the best posts that I have ever read on I-Hub. Very thought out and informative.
This is not true and has been explained over and over again. The series E shares cannot be sold directly to the open market. They have to be converted to common to be sold. Once converted, they do not take precedence over any other common. Anyone who holds common shares can sell their shares on a "first come, first serve" basis just as in any other stock in any market.
Once again... that is not how the stock market works. The BID is investors wanting to BUY SHARES. The BID is NOT SHARES FOR SALE. That is stock market basics. And yes... anyone who has the most basic knowledge of how the stock market works knows that a 609MM share BID is excellent support.
Per the last conference call, there may be a legal remedy to the judgment. It might be going away completely. If not, the plaintiff has already agreed to accept a reasonable payment plan which is not "Every penny they earn goes to the Judgment in this case."
No shares are "sitting" at .0001. The fact that investors want that many shares at "bottom" is not odd at all. GDSM has been a very liquid ,volatile and a money maker over the years. This is a bottom feeder's dream stock.
Not it at all. This isn't that difficult to understand. The bid side shares amount are not shares for sale. It represents the amount of shares that investors are wanting to BUY at that price. The ASK side of the L2 is the amount of shares that investors want to sell.
This is the most simple concept of trading in the whole stock market.
I don't have to "tell myself" anything. Knowledge of L2, which I have, is a basic fundamental of the stock market that every investor should also know.
And yes, buying shares at .0001 would help ANY investor provided that the price goes up from there. That is how trading works. Buy low, sell high.
The SS in the I-box is already correct according to the public information available.
It depends on who is doing the selling. I'm hoping that the 0.0001 don't get filled either way.
That is investors wanting to get IN not out. That is HUGE bid support.
Agreed. He is definitely making progress.
@GoldCoastMining: This announcement is to confirm today’s Conference Call at 1 p.m. (EST). The Call In details are as follows: (218) 862-1300 CCode 673661