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Excellent questions and answers IMO.
ROFL... that is not how math works. Nothing can ever lose more than 100% of its value.
Yep, the dilution is just as the CEO stated would happen. It is just a means to an end for a better future with GDSM.
The CEO hasn't refused to ungag the TA. He said that we would be changing TAs and since he has done everything that he said he would so far, I don't doubt that either.
Yes, the math sufficiently corroborates the plans that the CEO told us in the conference call and subsequent PRs.
Agreed, however, each mod is assigned one sticky and can only remove the one he/she adds.
That's some funny math there. The most any stock can ever be down is 100%. So no, that is not a "FACT".
Going up is another story though. GDSM increased just over 17000% on the last big run which we could very will see again here at some point.
Who said anything about "some" dilution. In fact, I'm pretty sure the CEO said that the dilution may be significant to start. Which is understandable considering what he is trying to do and GDSM has no revenue yet. Hopefully that all will change shortly.
I don't recall anyone saying this wouldn't hit 0.0001. Which post is that?
Again, changing the topic does not validate a point. The "same shares" comment that I made was in reference to the yearly volume posted by another poster and that comment is correct.
Obviously GDSM is diluting in an effort to move the company forward. The CEO was up front regarding this and it is no secret. If the investments from this dilution generate the revenue as expected then it will be a tremendous move in the right direction here.
BTW, every company that trades publicly dilutes their stock.
Yes. GDSM is a very liquid stock. Same shares traded over and over again.
Seriously?! Huge bid support is not good? First time I've ever heard that one! ROFL
Not the case. AS is 2 Bil, par 0.01.
http://www.otcmarkets.com/stock/GDSM/company-info
How impossible? It's right there on the picture in my post. Better than 2:1 now. Check the trades data under 'data tools' to confirm.
111 million bid support is awesome! That is investors wanting to buy GDSM not the company selling.
For better understanding of how the L2 works...
http://learn.advfn.com/index.php?title=Level_II
Can't be certain who it is but I would have to assume it is issued shares for services or the oil investment. I don't like dilution any more than anyone else but if is a means to a better future here then I can tolerate it. Hopely it all pans out and revenue will come in to stop or maybe reverse the dilution. Still worth the risk here IMO but too risky for some. Ah well... to each his/her own.
That is not a GDSM issued PR. That is from a stock awareness site that GDSM has nothing to do with. Again, these sites aren't paid by GDSM but instead buy shares, promote and make money when selling the shares that they purchased on the open market. When non-compensated awareness sites pick up a company to promote, expect a run. This is the second one in a week.
Not wrong at all. Working in the market and investing in the market are two entirely different topics. Changing the topic of discussion does not validate a point.
The fact remains, from the original topic of discussion, that many investors invest in every market including OTCs.
'Hope' is all any investor ever has in any market with any company. There are no certainties in the stock market, period. It is all about risk vs. reward and is up to each investor to determine their own threshold of risk.
In the large markets, there is less risk but also, in most cases, less reward in the short term. In the OTCs, there are many opportunities for fast and large returns but the risk can be substantial and those who invest in the OTCs should understnad this and invest accordingly.
Bottom line... Those who are afraid of risk and/or don't understand how the market works don't need to invest in ANY market.
Having said all of that and having years of experience investing in EVERY market, it is my opinion that given what is happening now with GDSM, those that are invested will see a nice proift. Only time will tell.
LOL sooo not true. Many big market investors run in the pinks too. In fact, when the regular markets are in decline, the OTCs pick up... and vice versa.
Audited fins in process. Hoping for an update from Mike in the coming conference call.
Anyone with experience in the pinks should know to "never say never" in this market.
And Rizzo isn't the only one. Compare the latest filing to the previous. Not a single previous note has decreased but instead has increased due to accrued interest. Not only that, more notes have been taken out!
Just like banks don't want houses but they foreclose on them daily. It is never ideal for a lender to seize assets but if a borrower will not make payments (like SIRG), the only option for the lender is to try to recover some of the loan and not take a total loss.
Nothing is "WRONG" about the claim made about the possibility of losing the mine until the possibility no longer exists. It will exist until SIRG pays off the loan to Grand View. Looking at the latest filing, it seems that SIRG has not made a single payment to Grand View yet. So, not only is it possible that Grand View will take the mine (even if they don't want it) but it is also becoming more probable since SIRG has no revenue, has tripled their debt in 6 months and is not making any payments.
I do too but I'm in no hurry. It could take some time to bring some positivity back here. Or, someone could pick up GDSM and run with it tomorrow... who knows. Either way, time to buy is now.
Not time for excitement yet but it is coming. Now is the time for accumulating cheap shares and patience.
Regarding the size of the bid... "unload @ the bid" is not correct. The bid side of the L2 is investors wanting to buy. 14 million is NICE bid support. 600k on ask is THIN. Therefore, MANY happen to agree with a run coming hence the bid support.
They keep taking on new debt without paying any of the old. Notes payable increased from $872,765 to $2,479,688 in 6 months with still no revenue to pay them back with.
And then there are these issues for unpaid notes...
Promissory note payable dated February 5, 2013 due to
Paul C. Rizzo & Associates including accrued interest - $569,000
Nah. Sierra Equity is a non-compensated awareness site. They recommend buying and selling of stocks in every market... not just OTCs. They make money by buying the stocks that they are promoting. GDSM has nothing to do with it.
Of course... for now. The new CEO already explained that. The point is that once revenue starts rolling in there will eventually be no need for conversions. If this works out for GDSM as planned, things could turn positive here quickly. This CEO is not fooling around.
Investors in GDSM care. GDSM isn't drilling or claiming to be an oil company or developer. GDSM is only an investing partner with Tiger. The success of the well that Tiger is working on will push GDSM forward with investment revenue.
New CEO getting the job done. IMO more upside potential than down and worth taking a risk. Ran from this range to 0.034 a couple years ago. Will be harder to do again but still good for at least a penny.
GLTY
My thoughts exactly.
Mike has nothing to worry about. The auditor is getting everything in order. Audit done soon... Form 10 to follow.
GDSM is money in the bank IMO.
Supposed to have a filing out soon. What is happening now probably won't show up until Q3 filing though.
That would only be true if the assumption of GDSM being a scam was true. The truth, however, is that GDSM was not and still is not a scam. Mike is as real as they come and he is getting the job done.
Investors will make money here.
Yes it will!! Because when it is finished it will really help here! Shouldn't be much longer now.
Track record has been to file a notice of late filing first.
We'll see. The end of August will be here soon enough and Mike is good about communicating. Audit will be done soon also.
Investing isn't for everyone so to each his own. I've done well with it and expect to here again. IMO smart investors will see the opportunity here also.
Gold mining is still there just holding for revenue which Mikes oil venture could produce.
Audited fins are in process.
No admission to falsified anything. CEO stated that there were errors which have been corrected and will be verified with the audit.
New direction here for GDSM and new promising opportunity for investors.
That... sounds ridiculous considering that the well is being drilled on land surrounded by already producing wells with engineering / drilling data to back up the location.
By the way, "wild-cat" = far from reality
Well, they have plenty of A/S to cover that. I doubt the bid goes that deep though.