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0.0004 plus 100000% = 0.4004. Maybe after a reverse split GDSM can get there. But I doubt it.
There is always two sides to every story Toll. GDSM is not all peach's and cream as some may suggest. It begins with GDSM failing in every attempt of becoming a profitable business, their latest attempt at gold mining also failing so they figured why not burn their last remaining bridge in the MJ sector. Of course, like every other alternative reporting pink they have no capital, so Mike Shea in his first nine months raises the O/S from 900 million plus to well over 3 billion. A/S, same thing, from 2 billion to 6.5 billion. The PPS has been on a steady decline since! The CEO in an attempt to lure in shareholders releases multiple Pr's stating audited financials are being worked on and should be complete by Friday or in two weeks or by the end of the month. Of course his projected targets were all missed, but hey he was able to sell some shares. Not a very trustworthy guy if you ask me. Were still waiting on the fins to come out but I wouldn't count on it. He then starts up MJ Acquisitions, of course GDSM has no money as a matter of fact GDSM is so broke it's been rumored that Mike Shea Is running this company for free. Mike Shea is supposedly such a brilliant business man that I find that extremely hard to believe. He then opens up MJ-Xchange. This is not a bad website. If hanging out and talking to folks with your same interests is what you like then they've got you covered. The revenue stream from this site is suppose to come from advertisers. This would work great if there were lets say a million members, but with only 1000 or so members, it will be very difficult to make any real money here. He then opens up Mj-Merchant. A credit card processing service for the entire Mj industry, sounds good but get this, he then opens up The420Concept online store ( a typical ploy for scam companies ), but instead of using is own new found Mj-Merchant service to process all of the projected sales and collecting that fee he chooses to pay a different service instead. UNBELIEVABLE!! He actually pays Pay Pal and I think it's Authorize.net a portion of the sale for their credit card processing fee. This is complete incompetence if you ask me. To date there have been no verified customers of MJ-Merchant. The 420 Concept sells over priced junk that every smoke shop in America sells for half the cost. The revenue from this site will most likely never be significant. The PPS is at trip 4s for now. I've never considered pinks to be investments and GDSM is no different. Get in and get out quick, secure those profits pal. Good luck Toll
Mike Shea is planning a deal, a reverse split that is.
Continued sideways trading spells only one thing. DOOM!!! GDSM is a turd in the toilet.
Mike Shea is untrustworthy. Expect the best but prepare for the worst. SECURE YOUR PROFITS the reverse split is just around the corner.
At trip3 support that's an easy assumption. This company either runs a little or dies. I'll agree with the periodic runs but the market has spoken. GDSM as an investment is a losing ticker. The O/S is just too high for GDSM to ever be worth anything. IMO a reverse split is lurking.
Keep testing the 3s like we did the 4s and 5s and the 2s will be the next support. Inevitable reverse split after that. GDSM is proving to be a scam!!
Trip 3s, this company is going belly up. It won't be long now!!
But hey, they sell e-cigs, maybe? Mike Shea is a self proclaimed industry leader, in reality though, GDSM is just another piece of crap pink!! Following in the same footprints as every other failed mining company turned Mj. The market has spoken, GDSM = Garbage!!!
I thought GDSM hit bottom at 0004? NOT!!!!! GARBAGE, GARBAGE, GARBAGE.
Sounds about right to me. Oh by the way, we briefly touched trip 3s on Friday, I'm thinking a nice ice cold beer is in order.
Trip 4s were breached on Friday. The writing is on the wall.
The420concept sells overpriced junk!! Everything there I can buy down the street for 1/2 the cost, still junk but at 1/2 the cost!! Your right no reason to discuss MJ-merchant because frankly it doesn't exist, at least as the merchant service for the 420concept. Everything about GDSM is, IF, IF, If, Maybe, Maybe, Maybe. Please, just the facts Ma'am.
How about 3's this week, any takers?
Mike Shea released company updates/pr's indicating the release or expected release of the audited financials. These pr's inspired trading of GDSM stock. Maybe I need to bring this to the attention of the SEC. Absolute suspension once they get their eyes on this. GREY Market and absolute death afterwards is a given!!
Keep testing support at 0004, see where that gets you. 0003's a comin
On 7/02, I was order number 18 since launch!. The420Concept is dead in the water. MJ_Merchant .....No where to be found!!!!!! GDSM is Garbage. May not even be worth recycling.
Once a bag holder, always a bag holder. Anyone holding this "POS" 1 year from now wish's they would of sold yesterday.. LOL
B...S...!!! ....... Reputable companies have substance, they have the reputation of following thru. By the way, Where are the Audits?HMMMMM!!!!!??????Nothing but FLUFF!!!!!!!!!!!
Silly me.... Thinking a failed mining company could make it in the MMJ sector. GDSM IS ABSOLUTELY PUTRID!!!!!
All that Mike Shea had to do was produce the audited financials and all of this could of been avoided. Share structure excluded, the content of the audits would mean nothing to me. It was more important that after so many postponements he actually followed through. I know.... The dates given were only projected targets. I know...some here think that it's out of his hands. I call B...S...! Both success and failure fall squarely on the CEO's shoulders.
Food for thought for the day. GDSM S/S period ending 6/30/13 - A/S = 2 Billion, O/S = 905 Million. High numbers but almost respectable. Period ending 3/31/14 - A/S = 6.5 Billion, O/S = 3.6 Billion. WHOA, someone is eating well.
GDSM is a share selling scheme!!!We can discuss the 300 + increase in the S/S from 7/01/13 - 6/30/14 ( coincidentally during Shea's tenure )tommorow. Today however Mike Shea has failed to produce any verifiable revenue. Has he sold an e cig through a third party? Maybe? Here's a COLD HARD FACT-- He certainly isn't making any revenue from his merchant service through the 420 concept. This is incompetence at it's best. Here we have a CEO that has the capability to run all future purchases from the420concept store through his own merchant service ( credit card purchases )collecting revenue every step of the way, BUT NO, he pays an outside service for their processing fees. ABSOLUTELY PATHETIC. It makes me wonder if MJ-Merchant isn't just a figment of his imagination. NOT A CEO ON THE PLANET WOULD SACRIFICE THE POTENTIAL PROFIT FROM SUCH A PROMISING NEW ENDEAVOR. But hey he sells shares too, he's not hurting. LONGS WILL BE BURNED HERE. Trade it, don't marry it.
To anyone who needs evidence. Purchase an item from the 420concept.com store and follow the money. Who is receiving the credit card processing fee? ( Hint-It's not MJ-Merchant services )Mike Shea's incompetence is at an all time high!!!
Facts are facts. If you can prove that MJ-merchant ( GDSM ) is providing it's services through the 420 concept ( GDSM )then I will stand corrected. I'm not worried though because it just isn't happening.
I've recognized Mike Shea's accomplishments in the past, even the potential of a bright future. The reality is, is that there are also some negatives. ( Shhh - we don't want anyone to know about those )
Potential is there yes, but GDSM's involvement is all speculation at this point. What's not speculation is this, The fact that GDSM's own 420concept store doesn't utilize GDSM's own merchant services is a massive failure on Shea's part.
Regardless of what you and I pay, this is a double edged sword for GDSM. Not only are they not collecting a fee for a service that they are supposedly capable of providing they are giving it to someone else. And that Mr. Maddog is bad business!!
12 - 18% is a typical profit margin and it should be for all business. This is not outside the scope of reality. If Mike can't figure out how to introduce his own merchant services and collect that 2.5 - 3.25% per transaction then he deserves to fail. This is not rocket science.
Mike Shea would be the first off the plank.
VOLUMES bro VOLUMES!!
The fact that they don't use GDSM's own merchant service speaks volumes.
If confirmation of a R/S is what your talking about then you will probably get it.
It might make it's way to a flip opportunity. One more tick and we're there. Maybe multiple flips but it will NEVER be an investment opportunity
Once the trip4s are breached, you'll get filled. It's easy for the blind traders to predict an uptrend considering how low the pps is, but I don't think that constantly testing this level of support is a good thing. This could just easily go down.
The difference between my business and GDSM. GDSM is a failed mining company who turned into a ( self proclaimed ) "Industry leader" in the mj sector. Seriously Towelie, it's unbelievable that they were able to open an online store that sells e cigarettes. Industry leaders my as..
June 30th and no audits again. Now I know.
Transparency is obviously important but nothing near as important as a man doing what he says he'll do. GDSM$$$
I'm sorry Towelie, I failed to read between the lines. I can appreciate your attempt to inspire or educate, however you look at it. In all fairness though, you did ask for only the GOOD things. Come Monday evening if the audits aren't released, then my DD points to an incompetent CEO. FYI... I hit an 81 today, I counted all strokes and have no one to blame for any piss poor shots executed except for myself. ( Mike Shea, are you listening? ) Good luck everyone. GDSM$$
Wow, thats kind of funny. Only the good things? You know you've got me dreaming. I think I'll go golfing today but I'm only going to count the good shots. Any shank,duff,pull,push,slice,hook,drop or 3 putts won't be counted. At this rate I'd be willing to take on Tiger. LOL--Only the good things. Sorry Towelie, the package includes the good and the bad. ( still laughing )It's a pink!! Good luck evryone. GDSM$$