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LOL. No they're not. Never get out of the pinks.
Nice dream, though. GDSM is nothing but a stinky pinky gold scam in a field of other scams.
Pinks are full of them.
Stop posting lies, loser spammer!!
Just someone doing an end of day paint job to fool others into thinking there is actually something here.
When in fact, this scam has nothing to offer. Any "news" sends it dropping.
Endless red flags here.
GDSM ha put out many "earth shattering" pr's and the stock has dropped every time. That proves this stock is a scam.
Nothing more, nothing less.
Looks like a new pump and dump scam here!
Watch it tank very soon!!!
My thoughts, exactly. They keep dangling that carrot just to induce buying so that the scammers can dump their worthless stock on others.
The rose colored glasses need to go.
Too many people being suckered into this pinky gold scam.
That's how a pump and dump works. Just putting out a bunch of fluff prs so the insiders can sell their shares.
GDSM has nothing, never had, and never will. Pink sheet "mining" stocks are nothing but scams left, right and center. Any talk of upgrading out of pink sheets is pure BS as you said.
You look at the tons of selling today after another failed pump and now they add more "news". You will notice a real pattern here. After some earth shattering news, the price drops. That says a lot.
Nobody who has done any real research will buy into this scam.
I guess manipulation is only illegal when the price is going up, huh?
Just means another report to the SEC for false and misleading information.
They are really trying to put lipstick on this pig of a scam!
Must be why this stinky pinky scam still has the yield sign at OTCMarkets.
Just a matter of time before this scam is totally wrung out.
No, they haven't.
From the Florida filing:
Section 5. Conversion Rights.
Subject to and upon compliance with the profisions of this Section 5, the holders of the shares of Series E Preferred Stock shall be entitled, at their option, at any time to convert all or any such shares of Series E Preferred Stock into a number of fully paid and non-assessable shares (calculated as to each conversion to the nearest share) of Common Stock.
The number of shares of Common Stock to which a holder of Series E Preferred Stock shall be entitled upon conversion shall be 15 for each share of Series E Preferred Stock presented for conversion.
August 16, 2012
GDSM filed their Quarterly report on August 31st and now 2 weeks later there's NO letter from the attorney with respect to current information.
I wonder why that is?
Didn't you know? Someone sent a cheque!!! They've got all the funding they need now! Problems are over!!
Simple....The cheque is bogus. It's nothing but an attempt to lure people into a scam just to pick peoples wallets.
GDSM has been proven as a scam time and time again!
So normal people look like they belong in a biker gang?
In not one of those photos of these "people" do I see someone who is in the position to be the CEO of a company. There is an image to be upheld, and looking like a gangster is NOT the image anyone in their right mind wants.
If any one of them came to run a company I work for, I'd quit in a second because I don't associate with low lifes, and I will absolutely not allow my income to be dictated by them.
I am not against having fun, however, there is a time for it and it's not when you are in such debt and trying to run a scam on unsuspecting people.
I guess they had their fill of those five gallon buckets in which they've found nothing.
Priorities, people!!
I've already done my research, and sent enough complaints to the SEC on this stinky pinky to choke a horse. I have a few more I need to get together and send away. Going to be interesting to see this scam halted once and for all and see them hauled to jail for their multitude of legal issues.
Don't shoot the messenger for bringing truth to those with rose colored glasses.
Lookie what I happened to find!! Are these they guys you really want to trust your money to?
Here we have all four Lovito brothers. Kind of guys I'd want running my company......NOT!!!
Here is Paul Lovito. Former CEO of GDSM from 2009 to 2011. This one is the brother charged with fraud.
Marc and Paul Lovito. Aren't we a cute couple?
Darrin Lovito.
Matthew Lovito.
Are these the kind of guys you really want to have running a company? They have so many liens and Judgements against them, it's a wonder they can afford all those wonderful tattoos, piercings and gold earrings.
Management always promises no toxic financing, no reverse split, no garbage, and in the next breath "We will be asking our voters to approve a reverse split of XXXXXX:1"
Believing that "management" will not reverse split a stock is just asking for the crocodile to take your hand off.
GDSM will reverse split! GDSM will be going after toxic funding! GDSM will be proven as a scam! Oh wait, it already has been proven!
That's why all the GOLDEN PRs. Insiders just looking to dump all their holdings.
GDSM is nothing but a diluting gold scam that will eventually R/S when it inevitably hits tripps!
Still wouldn't touch it at that point. A scam is a scam, and I will have no part in it.
GDSM is a guaranteed loser, and has been exposed as such.
Nobody wants it and the close in red proves it. News couldn't even prop it up. Screams SCAM!!!!!
Maybe I should go out and buy an old gold mine. I can pay off some buddies to fake some assay results, sell millions of shares and make a killing.
So may wishing to buy into hopes and dreams of gold that doesn't exist. It would be like shooting fish in a barrel.
But then again, I am not like the crooks that are "running" this gold scam. GDSM will have its day dropping like a boulder in the water. That's the only way this garbage will ever move.
Totally overpriced here. The actual value has around three zeros in front of it.
I'm in no way buying any of this scam!!! Stinky pinky equals STAY AWAY!!! Nothing good will ever come from GDSM.
Nothing but a two bit gold scam!!!!
Never going to get there. SEC will halt this soon enough. Many complaints have been filed about the flagrant misinformation in GDSMs "news".
Something interesting that I found about this scam.
Marc Lovito and Michael Chaffee are in charge of GDSM. Chaffee sits on the BOD of GDSM!
Lovito at GDSM is not transparent and neither is Chaffee at WSRA. I have researched mines and mining companies in Arizona for almost 4 yrs. It does not matter if they are pink or OTC or NASDAQ, if the only thing they do is mine investor's pockets, then they are placed on my target list to continue further research.
GDSM was on that list from 2009 when lots of people bought it on the Oro Cache and Sun Gold JVs with WSRA and both of them failed. WSRA replaced the SunGold with the Eagle mine and sold the SunGold!
Chaffee has transferred the Gold Crown lease from WSRA to himself. WHY! Is this legal?
So when GDSM announced a third rerun of those two previous failures my radar lit up and my first post was on Nov. 9th, months prior before many of the current investors ever heard of GDSM.
On my radar were the Lovito Brothers and their string of failed companies along with the fact that Paul Lovito had been charged with fraud. If he was innocent and had nothing to hide, why did he hide from the process server?
Quote:
--------------------------------------------------------------------------------
The process server's affidavit indicated that he had spoken with Lovito's mailman who told him that Lovito and the “LBI Group” moved on a regular basis. The mailman had come across Lovito and the group on different routes. According to the mailman, Lovito never stayed anywhere for longer than two months, and the landlords were also looking for him. The plaintiff alleged that he had exhausted his efforts, which included checking public records, the telephone directory, and using two process servers.
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http://caselaw.findlaw.com/fl-district-court-...81524.html
They ran 2 companies, Brass Bulls, an IR firm that represented WSRA and Pennies to Gold, a P&D operation. I don't like P&Ds and I don't like companies that mine investor's wallets.
Don Jenkins sits on both GDSM and WSRA BODs and wrote the promotional report when he was trying to sell his mine. There are no proven reserves nor are there any assay sheets. Jenkins resigned his CPG after an ethnics investigation was started against him. That should show investors that he cannot be trusted.
So GDSM has a Lovito charged with fraud and Jenkins a resigned CPG connected to it. Not the type of management team I would want to trust my investment to!
I've got one for you!
G-GREEDY
D-DISGUSTING
S-SCAMMING
M-MORONS
Says everything about this gold scam!
And down today with some AWESOME, EARTH SHATTERING, BUY BUY BUY!!!!!!!! news. There is nothing here but a mine in everyones pockets that Lovito is very happy to go for time and time again!
That's why stinky pinkies are not a good investment. Just loaded with scams, especially gold scams, and GDSM is no different.
ATTENTION ALL!!!! THIS SCAM IS GOING NOWHERE!!!!
All the flaws have been brought up time and time again. Anytime "news" breaks, GDSM goes into the red.
Anyone even thinking of buying into this had better read Gitreal and Warren's posts! They are exposing the real truth against all the fabrications.
Nothing but red, red, red from here on in. That's a fact!!!!
I just want to take the time to thank GDSM for all the entertainment value it has created. It is so much fun watching a stinky pinky showing what it's made of and dropping day after day.
Even after supposed "news" there was still a red close of the day.
I also want to thank Warren, Gitreal, Chris12, Thizsukz among many others for bringing real truth to this board and exposing GDSM for the scam that it truly is.
So funny!! Not even news can prop this turd up!! Shows how weak GDSM is. That's what happens in stinky pinky land.
Just waiting for the inevitable halt and SEC investigation into false PRs and pumps and dumps.
What a joke!!!!!
Still continuing its downtrend. This crap will keep dropping to its pre-promotion prices and then even lower. Look at the one year chart. Hard to deny that.
Promotions always drop to the prices from before. I've seen it time and time again, and GDSM is following the same pattern. Trying to fill a balloon with a hole in it only makes the hole larger each time.
There's no saving this one. That's how stinky pinkies work. Thats why they're so risky. Too easily manipulated and not to be played with unless you are a glutton for punishment.
Surprise! Surprise! Another red day. GDSM keeps dropping down to its proper value. No mines, no reporting, toxic financing, major dilution, soon a R/S.
Typical gold scam!!
Of course I know what will happen. It will be proven as fluff and misleading, and the price will continue to drop.
The last PR did absolutely nothing. GDSM is still dropping after that last promo, and will continue to do so for a long time.
GDSM has no hope of recovery. PURE SCAM!!
WOW!! Only one day where the buying volume only marginally exceeds the selling volume. Every other day the selling volume was 5 to 10 times the buying volume. Sounds way more like dumping to me!!!
Even extra buying volume can't save this crap. It's down today. Says a lot about the "value" of this "investment"!!!!
It's a given, Salty. No way this is ever going up again. Sure, it may pop during the day, but the trend is strongly DOWN!!!
GDSM non reporting, toxic financing in place but not reported, R/S in the near future after hitting triple zeros, no real mines, no brainer. STAY AWAY!!!!
LMFAO!!!! How many crooked CEO's have said "NO R/S"? Then the next pr states a R/S is in the works. That's how these stinky pinkies work!!!! They're only around to steal from "investors" pockets!
Don't do it. This crap will hit triple zeros in no time.