Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How do you know there is not dilution? There is a stop sign and and no filing since May. On 3-31 419 million issued and 12-31-13 323 million issued.
All in my opinion for GDSM. Are the revenues going to be enough for one persons salary or will the dilution continue? I think a telling sign was the day of the last conference call, 200 million shares hit the market (if my memory is correct) and the price tanked and has not come back. How about some real updates, fine if we are generating revenues but are they good enough to move this price.
Gdsm
I posted this on the GDSM board
Why would you take a 70-80% loss short term if you could have a 10,000% gain long term.
It all comes down to 3 to 6 billion shares out there and growing and no confirmation if there are any sales on 420concept, any credit cards, any testing in Maine and if any crop in Colorado. It is simple math, with this share structure say 4 billion and $500,000 in a year in profits that is only .0002.
I am critical but someone show me it could be more than $500,000 in a year. You can't because the company has been diluting our value with more and more shares being put out to pay expenses.
Mr.
Shea has said all the right things during conference calls and I bought into his BS, but he can not even tell us if one test has been done in Maine or our crop froze out or is growing. 1900 plus members on mj-xchange and our new name is so close to SEC stopped stock.
It is time all shareholders realize the truth and demand answers from Mr. Shea. He may be paying for items out of his pocket and deferred income but he is getting his $6,000 or more a month. It is time revenues pay for expenses or we are done and we will not grow share price the old fashion way (his words) by revenues because we have way too many shares.
Look in the mirror and see if any of this not true or you can disprove with facts. Send all of the emails you want to Mr. Shea and actually post a real one with a verifiable response. I wish I was wrong but thinking we are not moving up. Ho Ho ho in my opinion.
I bought into the right words but now show me what is the truth. I challenge Mr. Shea to prove me wrong or anyone else. And you can't use stock of year wait two quarters just give me verifiable data.
Tonight is the last 12 days of Christmas and the special is $10 less than you can buy from the maker so tell the world how the last 12 days added to the bottom line.
Why would you take a 70-80% loss short term if you could have a 10,000% gain long term.
It all comes down to 3 to 6 billion shares out there and growing and no confirmation if there are any sales on 420concept, any credit cards, any testing in Maine and if any crop in Colorado. It is simple math, with this share structure say 4 billion and $500,000 in a year in profits that is only .0002.
I am critical but someone show me it could be more than $500,000 in a year. You can't because the company has been diluting our value with more and more shares being put out to pay expenses.
Mr.
Shea has said all the right things during conference calls and I bought into his BS, but he can not even tell us if one test has been done in Maine or our crop froze out or is growing. 1900 plus members on mj-xchange and our new name is so close to SEC stopped stock.
It is time all shareholders realize the truth and demand answers from Mr. Shea. He may be paying for items out of his pocket and deferred income but he is getting his $6,000 or more a month. It is time revenues pay for expenses or we are done and we will not grow share price the old fashion way (his words) by revenues because we have way too many shares.
Look in the mirror and see if any of this not true or you can disprove with facts. Send all of the emails you want to Mr. Shea and actually post a real one with a verifiable response. I wish I was wrong but thinking we are not moving up. Ho Ho ho in my opinion.
I bought into the right words but now show me what is the truth. I challenge Mr. Shea to prove me wrong or anyone else. And you can't use stock of year wait two quarters just give me verifiable data.
Maybe that 60 million at .0002 is paying this months salary. Must not have had that many revenues
How do you know there are any revenues? I say again how hard is it to throw us a bone and let us know if there have been any sales? If there is anything growing in CO? If there is any testing in ME?
Without any updates we will languish here at .0002 and if just selling another billion or so shares for Christmas heading to .0001.
There is no reason why we can not get some substantial news unless there is nothing.
How is the current sales going? We were getting updates but nothing now even though not sure what any metric meant.
If you wanted to buy it. It was registered in 2007. Go to Whois.net and search
All good choices
Anyone have the link to start the voting for new name? It is the 17th.
Unless the company selling to pay bills.
Broke 1900 members on MJ-xchange
On ALEXA 526% increase in search traffic.
9% increase in daily page views
123% increase daily time on site
Suppose to be able to vote on new name starting the 17th.
May start to generate more interest.
At least seeing more than double the amount of shares we have seen in a while. Price is holding, I think a good sign
Today's special is $8 cheaper than on the companies website.
All we need is some good exposure and we might be able to run.
Still would like to hear updates on Maine and Colorado.
Just looking at 420concept and the sale item from yesterday is cheaper than I could find it anywhere on the web. I think that is good news, may get some exposure.
Should see the possible new names on the 17th.
Hopefully generating some interest and revenue. To raise this price
I fully support him too and have emailed him my concerns. Just trying to stimulate discussion, and would like something positive and provable in a PR that things are getting better. I have reread all of the PRs but there is nothing definitive that we are actually producing revenue. That is all I saying. I have over 20 million reasons I want him to be successful, just go back in all the PRs and show me that we are generating revenues. You will read on track or goal to be profitable in 2015, but if it had one verifiable revenue stream might gain some interest in the larger market. I do not want BS PRs and max out the float like many pinks, I just think we could get a real update.
Last response for today on this, just saying show me how we actually doing and when is our first crop due? Have we done testing? Has anyone signed up for a merchant card. Can't believe no one else does not want to know that. Those are easy questions.
Good luck and no more replies hopefully got my fellow shareholders thinking and asking questions.
I don't just saying how hard to say if there is a crop in the ground, if there is testing, if any merchants have signed up. All I am saying give us an update if there are revenues and not wait until March to read it in financials. If you read what I wrote that is what I am saying.
The largest revenue should be the crop can you show me in any PR that we actually have a harvest this Spring or summer only we will be paid a consulting fee. Show me what the consulting fee it could be $1 or $100,000.
All I am saying for this price to be down so much and Mike has said he is going to grow the share price the old fashion way by revenues how about an update if there are revenues. I can make promises and say the right things. Put out the update. We had the Black Friday and cyber sales and we see the traffic counts but has it increased sales and generated any revenue why should we wait till March filing of report. Car makers, stores provide updates on sales. Should not be that hard.
Again just my opinion not trying to twist anything, perhaps it is the way I read the posting it will be in the financials and a long way off.
Just show me any definite that we are generating revenue. We may be but to prove the three or four ventures are contributing to the bottom line to grow the share price to pay Mike's salary that we stop selling shares. Just build my trust and gain my confidence back.
So no word of revenue until middle of March when financial will be filled. No word than if there are any plants in the ground. Then we won't hear if there are revenues from plants until June if truly harvested in March and if not till end of March or April will be September. Any testing revenue until March. Merchant revenue, March.
I for one do not understand how hard it is to just say to date xx merchants have signed up, xx samples have been tested and the harvest is forecast at xxxx pounds. We have the potential to be waiting 10 months for how things are doing at that rate and at a price of 0002 that is another 2 Billion shares to fund $8,000 a month.
Than I think we are out of shares unless the float is raised.
I am thinking I should have taken the CCs with a grain of salt. I had trust from the calls that things are really looking good, but having to wait 4 to 10 months in my opinion is not acceptable.
Seems like you have the inside track with Mike, so please pass this on. I have been positive till now, but with the share price down 70-80% since September I believe the shareholders should be told something. Trust only go so far until it is verified with actual numbers and my trust and patience is wearing thin. All we know is we may have three or four potential revenue sources, but is there actual revenue? I only see one promise may be fulfilled and that is a name change maybe not a ticker change. Again just all my opinion and think we need a bone.
It is fine having marketing efforts, but what revenue is being generated? You can have all the marketing, but does not do any good if no one is buying. Stores put out updates on sales, etc and does not violate any rules. It is time to find out if 420concept has sold anything. The MJ-xchange has been stuck under 1,900 members, not sure how much they spend. Not sure these marketing metrics mean much. I do not think the 420concept can generate very much income to help with valuation.
Are there any plants growing in CO? If they are, when will the harvest happen, what is consulting fee percentage? How is the testing machine doing in Maine? How many merchants have signed up?
An update would be nice instead of continuing to lose value and silence.
Will the name change help? Maybe, but going to cost us $1,000.
How about the audited financials, what has that cost us so far?
It is time for Mr. Shea to give us a real update on what is going on. He has said he is going to grow the share price by revenues, so how are the revenues going. Since September's high we are down 70%, down 33% from yesterday. The share price says a lot but real guidance from the company is silent. How can a CEO watch the weekly evaporation of value without any update. I had believed good things were happening, but we just have not gotten any meat on the bone, only promises of good margins. All I have seen is the share count increasing.
Just let us shareholders what is happening, in this case I do not think silence is golden, but deafening and perhaps defining. All my humble opinion.
I hope so
I think 3 or 4 billion shares will stall a run. In two months we are down 50% bought time some meat is put out so we can start a climb.
How about a PR with amount of sign ups for credit card processing.
Update if we are going to have a harvest.
Anything happening in Maine?
I am skeptical if we will have much of a run with our share count. To me there are too many shares to stop any run without any great news to verify sustainable growth and revenue potential. I know no one wants a RS but no buyback happening anytime soon the share count is our worst enemy. Mike has said no RS unless price higher, but we need substantial news for that to happen. We can change the name but need some meat on the bone. Only my opinion
Mike is following through couple days late but I want to say thanks. Just had the feeling last night it would be today or Friday as I posted.
It is off access wire where all PRS are released
PR is out for name change
Gold Coast Announces Corporate Name Change
Companies Mentioned
PK:GDSM
12/04/2014 [ACCESSWIRE]
WILTON, CT--(Accesswire – December 4, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM) is pleased to announce its intent to change its corporate name.
GDSM is pleased to announce that it will be changing the Company’s name to more accurately reflect its current business activities and its future direction. As indicated in the most recent conference call, the Company will accepting name suggestions from its shareholders and investment community, with a $1,000 cash prize awarded for the name selected.
The contest procedures are as follows:
Name suggestions will be accepted through December 14th, 2014.
A specific page (http://www.mj-xchange.com/pages/106/) has been set up on MJ-Xchange (www.mj-xchange.com) for name submission.
Management will review all submissions and select 3-4 names it believes appropriately captures the business, direction and spirit of the Company.
The selected names will be announced and put to a vote, from December 17th - 24th, and winner selected using MJ-Xchange’s voting feature.
Formal application, to FINRA, for the name change will be made the first week of January.
“As the Company moves forward providing services to the legal marijuana industry, the current name no longer represents the Company. We needed a name change and am pleased that we are able to include shareholders and the investment community in the process.” commented Michael Shea, CEO.
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. is an innovative and opportunistic provider of services and products to the high growth legal marijuana industry. The Company targets niches were it can be the leader while concentrating on generating revenues, profits and substantial returns to its shareholders.
Follow us on Twitter at http://twitter.com/GoldCoastMining
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
Contact Info:
Michael Shea
CEO
Gold Coast Mining Corp.
(203) 210-5614
Michael.shea@gdsmholdings.com
http://www.gdsmholdings.com
http://www.mj-xchange.com
http://www.mj-merchant.com
http://420concept.com
I am thinking and could be very wrong but got a feeling the PR or announcement is out on Thursday or Friday. Little early for tax loss selling on the 3rd of December. It was either 40 million to pay for the monthly expenses or a broker taking care of a client and news is getting ready to come out. Been in the doldrums here but almost 8-10 x increase from the past couple of days and weeks.
Have to add one more to my Christmas wish list since Mike should have the two years financials now that it is December, add to the announcement audited financials and up listing.
Be great to hear if the contest is starting, or a new name is picked. Also an update on the 420 concept weekend push, Maine testing and an update on the crop, how many have signed up on the MJ merchant and we might fly.
I am ready for some movement to the positive.
I found this tonight atwww.kitco.com/news/2014-11-19/Gold-Coast-s-MJ-Merchant-Signs-Agreement-with-New-Merchant-Card-Service-Provider.html
An interesting note is the last sentence:
Operating in this industry is challenging and takes considerable time to remain in compliance with local, state and federal laws. Despite these circumstances, the Company continues to execute in business plan and remains committed to being profitable in 2015.
Here is an interesting metric on Alexa that there was a 487% increase in search engines sending traffic to the 420 concept website. This is updated daily and based on the last three months.
New eyes coming to the site and more revenue?
Not sure if anyone went to these reports, but on the 420 concept all time views were 34,267 and in last 30 days 34,094 and on 26 Nov over 8,000. One page had over 3,600 views. Let's hope got return on sales.
On Mj-xchange 12,142 views in last thirty.
Getting some exposure.
Now hopefully some recognition and more revenue.
May not mean anything but gdsm holdings.com ALEXA page views up 90% and world ranking improved 2,010,960
Here is link http://moosedriverstocks.blogspot.com/2014/12/gdsm-alexa.html?m=1 with screen shot
Maybe someone taking a look. Be interesting if the marketing for 420concept this week helped for their ranking in the coming weeks
Seems like you really know what is happening in the company where do we stand on the name change?
10% of sale and free shipping on 420 concept.
Does the well receive, mean they sold anything. That is the type of update I'd like to know how sales have been how sign-ups have gone for the credit card service. We need some interest in this company
420 concept has 5729 likes on facebook and sales going on
Read an interesting article
The marijuana industry could be bigger than the NFL by 2020 at the WA post
A report out from Greenwave Advisors, a "comprehensive research and financial analysis for the emerging legalized marijuana industry," projects that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. They note that this is a floor representing revenues in the first year of countrywide legalization.
Hope we at GDSM can be part of it get the link below.
http://moosedriverstocks.blogspot.com/2014/11/the-marijuana-industry-could-be-bigger.html?m=1