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Absolutely correct. They sold millions of dollars worth of shares at illegally inflated prices. Additionally, they used promoters and agents to distribute the shares and deliver the cash off the record so Marc wouldn't have criminal investigations and charges filed against him for fraud.
Does this sound anything like GDSM?
en.wikipedia.org/wiki/Pump_and_dump
What plan? Show me some proof. Please don't tell me you heard it from another member, or over a phone call with the CEO, or in an email. Please don't point to a PR because we already know that the CEO is not keeping to his word of maintaining updates or distributing information as promised. He uses the PRs to spread false information and there is history to prove this.
Completely agree. I see .01 by the end of January.
This stock has been diluted into oblivion and will never make a run anywhere close to 8500% on fraud and paid promotions again. The word is out and GDSM will no longer be able to manipulate new shareholders like it did before.
Mark my words: GDSM will convert and dump the remaining Series E shares, go dark, then change the industry, name, and CEO as it has many times over the past decade as if history erased itself. THERE WILL BE NO UPLISTING. THERE WILL BE A DOWNGRADE TO GRAY MARKET. THERE WILL BE A CATASTROPHIC R/S AS THE COMPANY CHANGES ITSELF.
if you don't acknowledge my warnings, that is completely fine with me. Just take a look at what happens over the first several months of 2013. You'll be sorry if you buy shares before the dumping resumes.
Call him and ask him, he is VERY easy to get a hold of and slips any insider information you desire with ease.
Yes that was because of insider promotions. GDSM is done, it has gone dormant as I predicted and I say it will have a new CEO and name along with R/S and S/S reset in 90 days or less. O
Hard to imagine that some supporters of this stock would go do far as to endorse a violent man to attacks members of his own household. Marc Lovito is a scammer and a domestic abuser. He is probably in prison now, that is why we no longer receive updates.
Hate to break the news to you, but GDSM is down 97% in just over a year. The stick has been diluted 40% over the past year as well. It has literally been sliding down a hill since the spring when a massive insider promo took place. How is that trading well?
.002 is a definite possibility for today after what happened yesterday. I'm going to try to grab some .001-12s before it is too late.
The FBI should get involved in this matter if enough evidence linking them to fraud. Think, GDSM shareholders might be paying to support a domestic abuser.. Unthinkable.
I'm in tomorrow, huge potential as long as the company keeps progress going!
The transfer agent IS GAGGED. They used to be full disclosure and provide share structure information but have recently been ordered to keep that information concealed. In other words, gagged by GDSM.
Thin 8s, new lows coming. 00s gone for good. Watch this scam sink to the ground
How do you know the A/S hasn't changed? THE TA IS GAGGED. And for obvious reasons.
Have we not made it clear enough? Every single outstanding and issued (56,000,000) Series E share is immediately convertible at the will of the holder into 15 common shares (840,000,000).
In other words, SERIES E SHARES ARE CONVERTIBLE INTO FREELY TRADABLE SHARES. THE COMPANY WILL NOT DISCLOSE WHEN THOSE CONVERSIONS OR SALES TAKE PLACE.
Yes, GDSM is not only a stock with a concealed S/S and no transparency, but it is an outright scam.
Just the facts: There are 100 million Series E authorized, 60 million issued, 4 million converted and diluted into the market, and 56 million issued which have yet to be converted and diluted into the market.
All Series E shares are convertible immediately, on the demand of the holder, and will convert at a rate of 15 common shares per each Series E share.
Keep in mind, the TA has been gagged as the outstanding Series E remain immediately convertible without correspondence to shareholders.
Series E Authorized 100,000,000 (1,500,000,000 common)
Series E Outstanding 56,000,000 (840,000,000 common)
Series E Converted 4,000,000 (60,000,000 common)
Common A/S After Conversions (AT LEAST 1,579,887,086)
Common O/S After Conversions (1,579,887,086)
Common Float After Conversions (AT LEAST 1,499,887,086)
Effective A/S as of 12/22/12 1,579,887,086
Once again, the TA has been gagged and the CEO has demonstrated that the shareholders and the public do not have to be notified as conversions take place and the O/S increases. The fact that the TA is concealing the S/S activity is a strong indicator that conversions and dilution are taking place.
I forgot to mention.. once those Series E shares are converted and sold on the market, this company will fall apart. As we have seen in over 7 instances of precedence over the past decade, the CEO will leave the company and a new one will come along to change the company and reset the S/S and do the entire process over again. This is happening right now and the upcoming R/S will obliterate the value of any shares held. IMHO
THE REASON THE PRICE HAS BEEN GOING DOWN SINCE THE SPRING IS ENTIRELY THE RESULT OF INSIDER SELLING. ABSOLUTELY NOT BECAUSE OF SHAREHOLDERS LIQUIDATING POSITIONS, GOLD PRICES, NORMAL CONSOLIDATION TRENDS, ETC. THE COMPANY HAS BEEN STEADILY DILUTING THE MARKET WITH NEW AND ACCUMULATED SHARES FOR THE PAST YEAR.
If anyone chooses not to believe me, that's fine. Remember, there will be nobody to hold accountable for catastrophic overnight losses except the shareholder. GLTA
The only thing this company is doing is selling shares to pay for the debt associated with their $13,000,000 deficit. None of their prospects over the past decade have ever been substantiated. This company has accomplished nothing in the past year except diluting the stock by 40% and failing on JV prospects. That is it. The company is a scam and they have more Series E shares issued that will convert on demand at a higher value than the entire company and all of its physical, stock, and intellectual assets combined.
Look at how he worded it: as part of the debt settlement process. He isn't doing an R/S because if debt settlement process, he is doing it because he issued more shares than the company is worth in its entirety! When those shares convert, the price will break the bid at .0001.
Additionally, he lied about issuing and selling shares in that very same PR (he contradicted himself) so why would we believe anything he says?
The facts: He issued more in Series E than the total physical and intellectual assets of the company combined. When those convert, which they can at any moment, the A/S will increase, the bid will break, a R/S will occur, toxic financing will be materialized, and Marc will be labeled a corrupted liar and likely leave the company and a new CEO will arrive to rename the company and move it to a new industry with a $16 million deficit and pretend like GDSM and Marc never existed. Precedence over the past decade proves this.
Anyone find this statement ironic?
Not sure, but I do believe there is a history of gagging the share structure while dilution is taking place. I know the stock was gagged many times in the spring when they dumped 185 million shares.
That isn't money the company earned, it's borrowed without intent of paying back
The series E are freely convertible at any time into freely tradable common. Marc doesn't need an amendment to increase the A/S, in fact he has no control. When they convert, the A/S will increase but no notice will be given until the next quarterly. I don't understand the relevance in your information. It's like you're trying to dispel facts with irrelevant information.
Insider trading is taking place right now, at this very moment. Unbelievable how blatant it is, stock is being manipulated again.
All that is needed to open up a criminal investigation is a link between the pump and dump promotion campaigns and the CEO. Clearly, shares and or cash were used to fund the activity, all that is needed is a paper trail to send him to prison.
Why hasn't Marc taken the initiative to update the S/S and A/S accordingly? He clearly isn't interested in keeping his company and the information about his company available to the public up to date.
Not happening. There is a hidden wall at .001, look at the unlimited ask
Massive dilution, bankruptcy, R/S, investigations, uplisting that will lead to a 2.25 billion A/S, fluff PRs, no revenue, Series E 15 to 1 conversions, no transparency.. Lots of reasons for a run.
Thinking .0007s today.. Back to the dumping as usual
Devastating financials. Nearly 350 million shares issued at .0001 for debt payments. That should tell us where the price is heading.
Trips up. Say goodbye to .001 for the last time. I predict .0001 by end of year.
It's obvious what happened yesterday.. Someone made a quick buck and now this thing will collapse down to new lows.
Bankruptcy wouldn't exist if people could perpetually double the assets of a bankrupt company at the owner's personal desire. Why don't we see people who have no money and become delinquent on their homes borrow $500k to get themselves out of debt, then write off the losses on their children? That is exactly what GDSM has done to shareholders. Somebody pays for it and it is entirely shareholders who front the losses. That is what GDSM has been doing for the past decade under different aliases and it is at the end of the cycle once again. THIS IS NOT A LEGITIMATE BUSINESS PLAN.
If you did some simple DD on this company, you would have discovered some simple facts. This is a wash, rinse, repeat company that has been running pump dump scams forever. Nothing new here.
I don't think legitimate businesses run up a perpetual deficit of $13 million without revenue. I seriously wonder, where is all that money from failed investments? How much of that has been the CEO's salary and "business-related expenses" from the past decade? Ask yourselves this.
You failed to explain the blatant bankruptcy evasion by issuing out more shares that the entire company was worth for debt settlement. Also, I'm simply expressing my opinion. You acknowledged that both of our opinions are valid and entirely possible. So leave it at that.
How will we know when GDSM increases the A/S? They have already demonstrated that they don't care to correspond or reveal when conversions, changes in S/S, or dumping are taking place (reference to the recent 4 million Series E conversion). It is also obvious that they would want to get the shares dumped before an attempt at uplisting takes place because it would be immediately revealed as part of compliance with the SEC. So it would easily lead one to believe that there are conversions and dilution taking place right now.
Explain to me what will happen when the uplisting occurs and GDSM will be forced to increase the A/S to reflect the outstanding Series E in order to comply with the SEC regulations.
ALSO, explain to me what happens when the Series E shareholders decide to convert? The filings state that they are entitled to convert immediately at any time. So, tell me how they are restricted from dumping those converted shares on the open market.
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ALSO, explain to me how GDSM will get away with blatant bankruptcy evasion by illegally altering the conversion rates on the Series E shares amounting to 60 million outstanding shares exceeding the value of the entire company and its gross intellectual assets combined? This is illegal and will bar them from SEC compliance.
Thanks in advance.
Dilution hasn't started yet. There are still 840/900 million shares left to be dumped.
The ask is hidden. Beware, there are hundreds of millions of shares that may have been converted. This thing will collapse to 7 instantly.