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Going to be a red close! Nobody is falling for it!!
Look at them hammer into those prices. This thing will close red!!!
As long as the dumping doesn't outmatch the buying pressure.. should be interesting
Yes they are usually very prompt in responding to emails, but they took almost 3 weeks to reply. I simply asked if issuing more in immediately convertible preferred stock than the company is worth would be grounds for a CE and they said yes if it improperly used promotion campaigns to distribute them. I'm assuming this means that the promotions are initiated by the company, which would involve issuing fluff PRs.. Likely for the purpose of generating false revenue? Bankruptcy evasion? Idk, jmo. We'll see I guess.
I was in GDSM last December when news started rolling out about the GS claims and JV. Things looked good back then because it was the start of a massive campaign and everything had to appear pristine. I was able to communicate with Marc and the TA with ease and felt assured in the legitimacy of this company. I bought a lot at .0009 and sold at .0012 after several days. I got back in at .0021 and got out at .028 automatically when the dumping heated up. Stayed out and casually returned in early October. Did some DD and read luckydog's post on the fraud later on in October and immediately sold for a minor loss. Tried to contact Marc, but he remains silent. Recent disclosure and DD has shed light on the shady practices that took place in the spring. Nobody would have guessed with how well they covered it up as it happened, but it should be made clear to everyone. GLTA hope everyone exercises extreme caution before investing in a company with a profile such as this.
The facts are out there. Promotion campaigns, 180 million dumped during the promos, more equity in Series E shares issued than the company is worth in its entirety, $13 million deficit, no transparency, investigation by OTC Markets... What's not to believe? Please explain
Does it matter? Nobody suspected that it was a scam then because this information was not available. It is now, and it should be known by anyone who is considering investing here.
Anyone here with any knowledge of the penny stock trading knows exactly what happened in the spring. It was rampant promoting and scamming that pumped the price up. The news had everything to do with the 180 million shares dumped at the crest of the run. Just my opinion..
"http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx
btw, just because it lists no compensation does not mean they didn't receive something behind the scenes. This list doesn't even come close to showing all of the promotion activity that took place in the spring.
It doesn't take much to find this information out. Took me less than 10 seconds and a Google search. "
More like running a massive promotion campaign where they hijacked the stock using multiple equity firms to artificially raise the price.. Of course you claim there was no compensation from GDSM... But does anyone find it odd that the company just happened to dump 180 million shares at the crest of a 5600% unnatural increase in price? Then, a 99% unnatural drop in price? Along with the many PRs and corporate updates that were issued in relation to the dates the promotions took place? That was just a coincidence, right?
There are 100 million authorized, only 56 million are outstanding right now. Of course, as GDSM has demonstrated before, they may be issuing more Series E at this moment without notifying anyone.
Because there is no transparency, can you provide substantiated evidence that there is any progress being made? The only evidence we have to work off of is precedence. It doesn't look good.
It could happen at any moment. IN FACT, IT MAY HAVE ALREADY HAPPENED BECAUSE GDSM HAS ALREADY DEMONSTRATED THAT THEY DO NOT NEED TO DISCLOSE WHEN THE CONVERSIONS TAKE PLACE. TAKE FOR INSTANCE THE 4 MILLION CONVERTED BEHIND THE SCENES LAST QUARTER.
THE A/S MAY BE HIGHER THAN IT APPEARS AND THAT IS EXACTLY WHY OTC MARKETS IS INVESTIGATING THE LACK OF DISCLOSURE. THANK YOU FOR FINALLY UNDERSTANDING!!!
NO TRANSPARENCY.
Wow, that is wishful thinking. Too bad this company has a history of failing at everything it tries. This will be reflected upon the shareholders' decision to convert.
Have you read this? THERE ARE 56,000,000 SERIES E PREFERRED OUTSTANDING RIGHT NOW, CONVERTIBLE IMMEDIATELY TO 840,000,000. THAT ALONE IS MORE THAN THE A/S. EXPLAIN HOW THIS IS POSSIBLE? IT IS NOT. AND THAT IS WHY OTC MARKETS IS INVESTIGATING WHY THE A/S DOESN'T REFLECT THIS.
http://www.otcmarkets.com/financialReportViewer?symbol=GDSM&id=94832
Deny it.
The A/S will have to be increased to accommodate the due conversions. No debating this.
Authorized Shares After Residual Series E Conversion 1,579,887,086
Really? Spot gold has shifted less than 2% over the past 30 days with a 3% shift from the peak. Gold has shifted less than 2% over 3 months, is up 5% over 6 months and up 5% over one year since the promo began last December. I don't understand what exactly you're talking about. GDSM was promoted up 5600% and tanked almost 99% from dilution.. no correlation to gold whatsoever.
Are you kidding me? They dumped at an absolute minimum 10 million shares last week alone. $60-80k not much for a one man to make in a few days?
Just got a response from OTC Markets from an email I sent out weeks ago about the behind the scenes conversions and dilution.
"
We are currently investigating the matter and will issue the Caveat Emptor accordingly, should we conclude that the company is withholding this information in conjunction with exploitative promotion campaigns."
This should be interesting!
Do you mind providing the number and email addresses you used? Some of us would like to conduct our own DD. thanks
An uplisting won't do anything for a worthless company. It has nothing but debt. A lot of debt. The debt encompasses their assets hundreds of times over. Once those preferred are converted, PPs will theoretically go below zero. A r/s will have to be used
Do you understand what happens when two equity firms trade shares back and forth to artificially raise the price and create false volume? Then they work with the company to run promo PRs to create buying pressure and let people pay an artificially inflated price? No, I guess you don't.
Wow, this one is too funny. I guess all we have to do is look at the people who posted over the last couple days and now we know exactly who the compensated posters are.
Fortunately, nobody fell for the promo!
Going to be hard to flip when a R/S hits.. They can't possibly convert those preferred if the PPs are going to sit at this level. They won't go up either since this company is in much worse shape today than when they ran the promos in the spring. Impossible.
A man of no words. He has gone dark, doesn't speak to shareholders anymore, puts out incorrect information and fluff in his PRs, dilutes behind the scenes.. maybe he doesn't exist? Oh wait, nevermind, there were pictures of him leaked on the internet.. not exactly the character one would want spending his or her money reversing a company with a $13 million deficit.
Lovito a man of his word? That's a joke, right?
He or she can write the loss off on his or her taxes next year! Consider it a charitable donation to the CEO.
Could see .0001 with any more dilution
What gives GDSM away as a scam is this: Who would sell at .0007? Ask yourself this. Who would take a loss and sell at a price that hasn't been seen in a year? Oh, just an isolated occurrence? Why has this been taking place at every price shift since .002 a few weeks ago?
It is so obvious. I would bet my life that this thing sees .0001/2 before the end of the year
.0012? You were joking, right? We might see half of that before EOD.
7s coming this morning.
Yeah, ask was slapped green. I don't understand what all the excitement is about. This thing will drop to 7 tomorrow. I guarantee it!
I think my two cents are worth more than this company. In fact, this company's valuation is negative with no physical assets or revenue.. so this company should be put out of its misery already.
Of course not, the PPs went down because of the 40% loss of net value per share since February.
**MOD** Please update the S/S information so it properly reflects the latest batch of dumped shares and dilution.
Shares Outstanding 739,887,086
Float 599,887,086
Authorized Shares 750,000,000
Series E Outstanding 56,000,000
Authorized Shares After Residual Series E Conversion 1,579,887,086
That's correct, in a few weeks when this thing is .0001 with no bid, 1.6 billion A/S, and darkness, I can leave knowing I saved someone from making a mistake.
Bid support is gone, this thing is done! Watch, all of the promoters who have been here (you know who I'm referring to here) for the past year will disappear about a week from now.
Nope, I'm going to continue to inform everyone on this board of GDSM's record of failures, lies, lack of transparency, and $13 million deficit - with no revenues, or notable assets to show.
You know, it's pretty hard to burn through $13,000,000 and have nothing to show for it.
This scam was on a one year cycle that began last November with the promo beginning in mid-December. Watch me call this.. this stock will go rock bottom over the next few weeks and remain dormant for at least a year, then.. name change, R/S, add a few million more onto the $13 million deficit they've accumulated from doing this cycle over the years.. and we will have a brand new pile of garbage to entertain us!
So obvious.
Rest of the shares will be dumped through the next two weeks then this thing will see no more volume.