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That is what I was trying to determine fact or fiction, since I think we need something to gain attention. This looks official to me looks like it is on GDSM wall.
I sent an email to clarify.
If you go on the MJ-change website mj-xchange.com/pages/106 it was announced on Nov 10, 2013 at 2:04am. So now another delay?
Conference call said winner announced on Dec 1. Hope not another self imposed deadline is missed. Need some update to get this more attention or how more projects are moving along.
Will we be told our new name on Monday?
Don't want to bash but this share structure has grown out of control. If we said 3 billion shares and it is more than that to justify .10 that is $300 million. A penny is $30 million. None of Mikes estimates are even close to that. There is no buying no one can disagree with that our measly 10 million shares a day max at .0003 is only $3,000. I would bet the majority is from the company.
I believed and bought into Mike's Conference calls and he is going to raise the price with revenues but it is getting very old that there is no evidence of revenues and the price sinks lower every day.
The financials have been at least 6 months, the name change is taking forever.
We have no name recognition or for that no trust.
This share count needs to be reduced and even as 10 to 1, I would welcome, but right now only empty promises.
So important that this is verifiable and not just PR fluff like so many say. Not your typical pink time to go places
Green Leaf Analytics LLC just added to Maine SOS website so let the testing begin. More revenues, just proves a real company and no BS business
A few more thoughts I like on the press release
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.
Now change the name and keep the revenue streams coming in and we might be off to the races
Some good news today mj-merchant out and equipment arrives for main and changed the about Gold Coast mining
WILTON, CT / ACCESSWIRE / November 18, 2014 / Gold Coast Mining Corp. (OTC Pink: GDSM) is pleased to announce this new and significant relationship.
The Company is pleased to announce that it has executed a new agreement with a Mid-West based merchant card provider that has solutions to allow dispensaries to accept Visa and MasterCard. The new program features 48 hour funding with no rolling reserve.
With the continued growth in the cannabis industry, accelerated by the recent elections, payment solutions continue to be one of the most significant challenges. Gold Coast's MJ-Merchant has continued to search for viable solutions. The Company believes this provider has very attractive solutions and MJ-Merchant will greatly benefit from the relationship.
MJ-Merchant has received numerous inquiries, via its website, since its launch. Those leads will now be contacted in hopes of conversion to profitable clients. Additionally, the Company has built a CRM to market merchant services that currently has a database of over 2,000 dispensaries.
"I am very pleased with this development and look forward to the revenue and profit coming from this relationship. On another note, the Company has received all the testing equipment necessary to launch Green Leaf Analytics. I am only waiting to receive formal notice from Maine's Secretary of State that our formation documents have been approved and recorded." commented Michael Shea, CEO.
Shea concluded, "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".
Just my thoughts, this next quarter will the make or break.
Right now with 1818 members not much revenue.
Are we taking credit cards yet?
How much revenue is generated in Maine?
How about CO grow do we see the forecast revenues.
This report won't be until February 15, 2015. Unless we get an official update of production as this moves forward.
Glad to see we did not lose our current information tier. I think a good sign.
I know I have been critical but remember we may be generating substantial revenues. This is $200,000 the first year almost unheard of in a pink. Not a lot but will it cause more investors private and public for the long term? I hope so
2nd question: "What are the details of the agreement in terms of potential revenue?"
Mike's answer: "Let me say this, revenues from the labs I anticipate in 2015 to be somewhere in the neighborhood of $30,000 - $60,000 and that's really just a factor of how quickly we can get started up, how quickly we initiate our brand. I do believe that we'll be able to establish a brand where the dispensaries won't buy marijuana without our testing results." So, on the low end, I'm saying that it's somewhere between $30K-$60K per year."
"The Colorado opportunity -- we are looking somewhere in the neighborhood of $10K-$15K per MONTH. So, you do the math on that and you're looking at somewhere between $100K - $150K per YEAR. These are all NET numbers by the way. And so that gives me the confidence level that we will be profitable. Secondly, if we can work out this next transaction in Colorado, those numbers will double. That's how good that opportunity is."
Could be but it had increased
Look at share structure as of 10-31-13 3.5 Billion authorized. As of 6-30-14 6.5 Billion. Thinking more than MM. The company itself is chipping away at the price. Enough is enough. I can't wait to see how many are out now. our quarter report is due by the 15.
This increase happened under Mike's watch and can not be blamed on anyone else.
I believed and still believe but with 6.5 B it will be tough to move ahead and make a large return on our investment unless our share structure is reduced.
I think the report is due this week
I think a good discussion this weekend. I think it all comes back and what most people of been saying is what Ronald Reagan said. Trust but verify.
This is from last two reports on file. An increase of of over 300 million shares outstanding in three months that is an average of 100 million per month. Ok I was wrong I said 50 million. If we are generating income now pay salary out of revenue and say change the authorized to 5 billion and retire 1.5 billion would be a start to get my confidence back.
Trading Symbol: GDSM
Exact title and class of securities outstanding: Common Stock CUSIP: 38058D102
Par or Stated Value: $0.01
Total shares authorized: 6,500,000,000
Total shares outstanding: 3,598,887,086
as of: 03-31-14
Trading Symbol: GDSM
Exact title and class of securities outstanding: Common Stock CUSIP: 38058D102
Par or Stated Value: $0.01
Total shares authorized: 6,500,000,000
Total shares outstanding: 3,919,887,086
as of: 06-30-14
He has said only $7000 per month versus his $10,000 per month on conference calls. I will pull the fillings and you can see the increase in share count on Sunday
And file our report on time and change what we are as a company. If we are a mining company let us know if a MJ than change it and the name. Don't wait until 1 Dec and than another month for it to happen why the symbol changes. Last quarter missed deadline went from pink current to pink limited for a week. If a billion dollar company let's act like a real company. I believe report is due this week.
How are we out of the hole when we issue at least 50 million more shares a month. What is the revenue of this testing lab? If $10 it is an improvement but does help the bottom. We need to be shown the bottom line and not we are going to grow revenues.
I am tired show us what we have and how it is generating revenues is all I ask.
With how many million members
And this dilution needs to stop that is verifiable by the quarterly reports. Just to pay Mikes $7,000 a month at .0004 is 17.5 million shares and there multiple other expenses. If you took his $10,000 that alone is 25 million are the revenues going to pay his salary? We need to know more details on these streams. That alone is 200 million shares this year for his pay.
Just raising awareness since I am pretty disappointed with this action. I do not think MM are shaking week hands. I don't think the revenue streams permit expansion without dilution
But when? We keep sliding down week to week. All I am saying we have too many shares and let's see this income and what is the revenue streams. Frustrating low volumes and shrinking share price and never ending supply of 50 to 70 million on the ask. Without a verifiable revenue stream no movement is possible.
Mike says the right things but we need to see results and not promises that don't happen
What is the revenue with testing lab?
We are only getting consulting fees in CO. Does not matter if $10 million or $billion an acre.
What is our float? At 5 billion shares we need $5 Billion to be $1 a share, a billion is .2 cents and a million is 0002. Don't think that is happening.
Again are we a mining company or a MJ company.? I was told that would change on the PRs but it hasn't.
Everything is next week or month.
We are a pink making money but with how many billions of shares we will not be going forward.
Wish I had done this calculations before.
I did not want a RS but I do not see any way around it since we are not a $ billion or million dollar company and what ever the ask is we have 70 million on the ask and most days less than 10 million traded. At 10 million at .0004 that is only $4,000. So like $3,000 today. Give me a break.
The problem is to reduce the float by 50% would take a million dollars that is not happening any time soon unless we go to .0001 or Warren comes through.
I am long with 20 million but am getting very frustrated.
I have to ask with the structure of 3,4 or 5 billion even if we made 500,000 in a year. If only 4 billion shares that is .000125 pps.
If this is going to move:
Change the darn definition of our company in the PRs
Change the name
Maybe it is time for a RS of 10 to 1 or more before .0001
I think too many shares. We have a cc and 200 million hit the market
Change the name
Reduce the share structure
Generate revenue
Don't dilute further
File SEC requirements.
Let us know about all these revenue streams and what doing send pictures of what happening and not bs.
Only 1800 members on exchange any revenues?
420 concept what is revenue?
Are we taking credit cards?
Change what we are as a company on the PRs otherwise going to .0001 due to billions and billions would have to $100 million in revenues to move.
Stop telling us audits next month, name change next month everything is next week or month.
Let's bite the bullet change name , do the RS, file material k 10. Get fins done.
Think about it good for all of us, prove if we are a real company or fluff.
I think we are a real company but let's get moving what ever it takes.
Not sure what your definition of accumulating is. 2 million or less a day and price dropping is not accumulating it's down over 50% in the last couple weeks down 50% from yesterday so that's far from accumulating the price should be rising.
I got this email today about the MJ market are we ready at GDSam to be part of it
Thursday, November 6, 2014
Oregon, Alaska & DC Elections Up Legal Cannabis 16.5%
The approval of recreational marijuana use in two more states and DC calculates to, over time, increase MNTR's legalized cannabis target market by an additional 16.5%.
23 States approve medical use
4 States + DC approve recreational use
( Recreational use is 700% of medical use, per capita )
Sincerely,
Chet Billingsley, CEO & Founder
Mentor Capital, Inc. (MNTR)
Someone posted a message today about how about a picture next week of this portable van. How about somebody post a picture of our operation in Colorado haven't seen anything there either.
Starting to think GDSM is like a fast food chain instead of billions and billions of burgers. billions and billions of shares and is why I think the main reason the price is not moving
I have a suggestion for MJ banking and that is a private bank or cooperative where all of growers in CO are owners and an integrated company with security and transportation for the cash if we still can't take credit cards. I do not know the banking laws but the cash is than transferred to a foreign bank in the Caymans or country by hand delivery. Own the planes transferring the money. The money than is available to wire transfer back into a state or federal bank. All income is reported and tracked. Probably too simple and violates Federal laws but if this piece is figured out a gold mine for revenue.
Someone is selling since everyday 10s of million available at the ask. Not going to move, until some of these happen.
1. No outside interest but none of the PRs or CC generating the required interest. Not taking the ask out. Even though PRs indicate revenue.
2. Not having the MM buying and selling for .0001 profit.
3. Change the name.
4. File the quarterly report that shows revenue. Should happen in next 10 days or so. Also see how many shares are issued now.
5. Get the about GDSM on the PRs changed not a mining or energy company.
6. File any required SEC forms looks like last was 2004.
7. Update on taking credit cards should have happened last week according to CC.
The quarterly report should answers some of these questions and if the plan is coming together or not.
Another revenue stream with Green Leaf Analytics but still a mining company. Let's get the about Gold Coast in the PRs out of mining and energy sectors.
I agree let's change the name know, file the material events and get moving so we can see the price go up and not trade down and sideways.
I do not think the investment community knows what is happening here.
Not sure why asking me about the name. I hope it becomes a goldmine for us sooner than later.
Great article
http://www.forbes.com/sites/markfidelman/2014/11/04/why-legalizing-medical-marijuana-will-make-investors-extremely-wealthy/?utm_source=MNTR+in+Forbes+-+Fidelman&utm_campaign=MNTR+Forbes+Fidelman&utm_medium=email
Why Legalizing Medical Marijuana Will Make Investors Extremely Wealthy
Hopefully GDSM is part of this
Go to the 420concept fb page lots of new entries lets go GDSM
You also enjoy the weekend. Hope he got some dentures by now and kept the Dodge. I hope next week is our week of a long run. I have retired once after 28 years of sometimes using my boot. I am ready to really retire with your company.
At this price it is 30m shares a month for one salary. Getting a little old that next week never shows any improvement. Good thing is if doesn't fly for a couple of months than I only have long term capital gains, but been a painful wait. No reason to wait another month to change the ticker time is now. At .001 only 10m to pay one salary.
Now is the time for something to happen.
Too bad did not know or if you could use 12 million now still have them
I haven't yet been too busy but will leave it up for a while
Here is the link www.moosedriver.com all the way on the bottom