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When is next PR?
Is it the same Michael Shea?
May 12, 2012
ASHLAND, Ore. — After scraping together a mound of zucchini, broccoli, beef, pineapple and noodles on a big round Mongolian grill, Kevin Wallace measured out a shot of grapeseed oil infused with hashish and poured it over the steaming food, setting off a sizzle.
Thirteen years after Oregon became one of the first states to make medical marijuana legal, Wallace and ...............business partner Michael Shea................ think they've found a way to fit in the big gray area between making a living from medical marijuana and going to jail.
Marijuana is indelibly associated with food, whether it is chemotherapy patients using the drug to try to develop an appetite, or, farcically, a couple of stoners with an overpowering case of the munchies in "Harold & Kumar Go To White Castle." Secret "herb dinners" with appetizers, entrees and desserts are reported in newspaper food sections. One restaurant chain, CHeBA HUT, is based on a marijuana theme. And patrons of the World Famous Cannabis Cafe in Portland can get a burger or lasagna packing a pot punch in between choruses of karaoke.
But restaurants where marijuana is the focus have had trouble gaining traction. The customer base is, after all, limited to medical marijuana cardholders. And any enterprise associated with medical marijuana will quickly come under scrutiny.
At the Earth Dragon Edibles Restaurant & Lounge in Ashland, Wallace and Shea are trying to bring Mongolian barbecue dosed with medical marijuana to a higher level, though they are still feeling their way through the fuzzy legalities of it all.
An Oregon medical marijuana card is required to get in the door. Inside, the place looks and operates pretty much like any other little Asian-style restaurant, with the smells of teriyaki and sounds of the grill filling the air. A wall hanging at the back depicts ganja guru Bob Marley. Diners go through a check list of vegetables, sauces, meats and tofu, and whether their bowl will be regular, large, or unlimited. One difference is the boxes to check for medicated or unmedicated. If medicated, there are three strengths. Cheesecake, candies and cookies, medicated or not, are also available.
While they wait, diners can use the hash bar, choosing from an assortment of glass pipes, a vaporizer, or a bong, hashish or bud. Marijuana donations are encouraged.
Operating under the theory that it is no crime for one patient to share medicine with another, all the marijuana – whether in the food or at the hash bar – is free. And unlike the marijuana cafes in Portland, there is no membership fee.
"I know it's a little weird," said Shea.
Ashland itself could be considered a little weird. Close to the California border and home to the Oregon Shakespeare Festival, it is an outpost of liberalism in conservative southwestern Oregon. Think of it as a little Berkeley in the middle of Orange County. It is also within the Green Triangle, one of the nation's best marijuana-growing climates. This corner of Oregon has the highest per capita rate of medical marijuana use in the state.
Wallace and Shea render their medical marijuana into hashish, infuse that into oil or glycerin, and eat it, believing that is healthier than smoking. With few patients able to do that, they felt they should share their skills to help others.
"That's how Mommy raised me," said Wallace.
Wallace, 45, was a carpenter until a 4-by-4 fell on his head, compressing his spine. He remains on disability, but marijuana got him off conventional painkillers. Shea, 52, taught at his wife's preschool. He uses marijuana to treat pain from an old neck injury. Wallace already had a business license in nearby Medford making candies and chili dosed with hashish.
At the grand opening a week ago, staff had to ask one patient to put out his blunt – marijuana rolled in a tobacco wrapper – because it violated Oregon's law against smoking in restaurants.
Otherwise, there was no heat until the city sent back their business license request, saying a local ordinance barred licenses for anyone violating state or federal law.
Police chief Terry Holderness said busting Earth Dragon Edibles is not a top priority.
"Nobody's life is at risk here," said Holderness. "We will prioritize this appropriately. But ultimately, if they are in violation of the law, they will be shut down."
The owner of Denver's Ganja Gourmet knows the feeling. Steve Horwitz said when he opened in 2009, people passed around a bong while dining on eggplant parmigiana and pizza made with cannabis. But Colorado changed its medical marijuana law, and he had to scale back to takeout and groceries.
"It was the future about five years before its time," he said.
Wallace and Shea remain open while appealing. They hope that if they keep separate bottles of hashish-infused oil on hand for each member/patient, rather than sharing their own stash, the city will no longer object.
Christine Totten, 24, came in with two fellow volunteers from The Greenery, a local medical marijuana resource center.
"I like to support the cannabis community we have going on," said Totten. "It's kind of cool to have a place to hang out."
After a couple hits off the bong at the hash bar, she sat down to a medicated bowl of beef and broccoli, pronouncing it delicious.
"You can't really taste it that much," she said of the hashish oil.
I did get the reply after my email was sent. However, the recorded times do show otherwise and it is strange. The only reason I can think of is that I used Yahoo email and that server is bad and quite frustrating with all the spam that is coming into my inbox.
From: "michael.shea@gdsmholdings.com" <michael.shea@gdsmholdings.com>
To: XXXXXXXXXXX
Sent: Tuesday, August 27, 2013 9:11 AM
Subject: RE: Garfield Project
XXXXXXXXXX, thank you for your email and interest in GDSM. The initial interest cost GDSM $20,000, the remaining 3% will cost an additional $30,000. I am trying to raise the funds to take the additional 3%. From what I hear from Bubblin Crude, the well is moving along on schedule, with production expected in September.
Last Monday I had knee surgery, but expect to visit the project in September and will be able to provide pictures and a detailed firsthand account.
I do appreciate your email and would encourage you or anyone else to contact me directly with questions.
Regards,
Mike
Michael Shea
CEO
Gold Coast Mining Corp.
(203) 210-5614 (O)
(203) 317-1911 (C)
michael.shea@gdsmholdings.com
www.gdsmholdings.com
__________________________________________________________
From: XXXXXXXXXXXX
Sent: Tuesday, August 27, 2013 9:59 AM
To: Michael.shea@gdsmholdings.com
Subject: Garfield Project
Hello Michael
Please explain what it cost GDSM to receive a 2% percent interest in the Garfield project and what would be the additional cost to GDSM for receiving another 3% percent interest for a total of 5%.
I am a shareholder and am interested in the terms of agreement for the Garfield project before purchasing any more additional shares.
Sincerely
XXXXXXXXXX
Weak hands into strong hands.
I had entered the .0002 order at 15:17:13 and canceled it at 15:46:23 but between that time, the price went down to .0001 and my order for .0002 did not get filled. Wondering why the market makers are shaking the trees like that.
Filled Buy 200000 GDSM Limit 0.0003 -- -- 15:46:28 08/26/13
Order No. 991358995X Gold Coast Mining Corp Entered:15:46:15 08/26/13 Reuse
Canceled Buy 200000 GDSM Limit 0.0002 -- 08/26/13 15:46:23 08/26/13
Order No. 991338518X Gold Coast Mining Corp Entered:15:17:13 08/26/13
That was not a paint job. I had a limit order in to purchase 200,000 at .0002 but no bite. I then changed it to .0003 and it became filled. Could not understand why I did not get it at .0002 if price and dropped down to .0001.
However, it is obvious that there was confirmation of the agreement between Tiger and GDSM (through Bubblin) within the following few days.
I agree that our chances increased significantly. Mike made every effort to be transparent during the teleconference today and that is a very good sign.
strong support at .0075.
Chris
Instead of buying the company, why don't you offer to do a private placement with Marc for a even bigger share of company ownership. Marc could use the additional funding.
good support resistance
at .01.
The Lovito management is not new.
It is all about management. The gold is in the ground. It is whether Lovito can bring it out with proper management.
Should have done it now.
Why no announcement of it?
They should use some of the money
from those other companies and finance GDSM then.
Gold is definitely in the ground
but it is all about the management. How good is the Lovito management. The Lovito people been around a long time doing many series of companies. How many of them were successful?
Printing money
Fed been printing money a whole lot past couple of years but they are not circulating and just sitting around because banks as beneficiaries of the print won't lend them out. Until the print start circulating inflation won't bust out super great.
Complete Prior SEC Filings
http://tinyurl.com/76pulva
Unaudited Financial Statements
Where are the submitted financial statements located for us to see?
Lovito Shell Company
Lovito had this shell company for more than 10 years. No real results.
Click below and add in Gold Coast Mining Corp for review of historical documents.
http://www.sunbiz.org/corinam.html
High Yield & Leveraged Finance Conference
Feb 27 - 29, 2012
Miami, FL
Loews Miami Beach PrintJ.P. Morgan is pleased to host the annual Global High Yield & Leveraged Finance Conference, scheduled February 27-29, 2012 at the Loews Hotel, Miami Beach. More than 200 presenting companies and 1,000 representatives from all the major institutions are expected to be in attendance. J.P. Morgan is pleased to have ranked #1 in high yield for seven years, including 2011 year to date.
For additional information, email jpm.conferences@jpmorgan.com or contact your J.P. Morgan representative.
Please remember that all J.P. Morgan conferences are by invitation only. Invitations are non-transferable.
High Yield & Leveraged Finance Conference
Feb 27 - 29, 2012
Miami, FL
Loews Miami Beach PrintJ.P. Morgan is pleased to host the annual Global High Yield & Leveraged Finance Conference, scheduled February 27-29, 2012 at the Loews Hotel, Miami Beach. More than 200 presenting companies and 1,000 representatives from all the major institutions are expected to be in attendance. J.P. Morgan is pleased to have ranked #1 in high yield for seven years, including 2011 year to date.
For additional information, email jpm.conferences@jpmorgan.com or contact your J.P. Morgan representative.
Please remember that all J.P. Morgan conferences are by invitation only. Invitations are non-transferable.
See comments in brackets below.
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The Board of Directors have approved the entry into a Definitive Agreement (dated February 13, 2012) between the Company and Western Sierra Mining Corp. (the “Parties”) for the development of certain mining claims located in Skull Valley, Arizona. The mining claims include the Gold Crown and the GS1 thru GS4 (Gold Star) mining claims. These mining claims are located on BLM and Arizona State lands and cover some 620 acres.
The Joint Venture Agreement (the “JV”) calls for a 50/50 split between the parties of all net profits generated from the mining operations, as well as an option for the Company to acquire the claims outright from Western Sierra Mining Corp. for a purchase price of $3.5 million.
The development of these claims will progress in Four (4) Stages:
Phase I- The first Phase will involve general exploration, mapping and sampling. The property will be mapped, randomly sampled and the property geologically evaluated for possible additional claim filings. A geological description of the possible structures will be developed as well as correlation of historical data and initial permitting.
Phase II- in Phase 2, a second and more complete sampling program will be implemented as well as recommendations with respect to mining the ore body. An NI 43-101 report commissioned. A small scale trommel will be used in the testing process to determine later production and Au extraction requirements. The Phase II extraction system will resemble as close a possible a small scale production facility.
Phase III and IV- will involve decisions regarding the size of expansion all based on the in ground reserves, gold and silver prices, the results of the Phase I and II, etc.
The JV requires the Company to fund the 4 phases of development under the following funding schedule:
1) First Payment $25,000 due 10 business days of execution of this agreement (PHASE I)
2) Second payment of $50,000 due 30 days from first payment above (PHASE I)
3) Third payment of $350,000 due 120 days from first payment above (PHASE II)
4) Forth payment of $100,000 due 240 days from first payment above (PHASE III)
5) Fifth payment of $600,000 due 365 days from first payment above (PHASE IV)
6) Sixth payment of $250,000 due 425 days from first payment above (PHASE IV)
Note: Funding may be modified by mutual consent as development process progresses.
The parties further agreed and have secured funding under the following funding structure for Phase I and II:
-Western Sierra Mining agreed to sell 40mm Series E Preferred Stock it received in 2009 from the Company to a group of investors for $400,000.
{GDSM (the Company) did not issue any new preferred shares. Western Sierra is helping financing Phase I and II of the project by selling preferred shares that it previously received from GDSM. No cash coming out of GDSM's pockets for this financing.}
These preferred shares were issued to Western Sierra Mining in 2009 as part of the parties previous joint venture efforts. Western Sierra Mining has agreed to apply these funds, on behalf of the Company, to the funding schedule above therefore completing the funding required for Phase I and II of the claims development.
{Again, no cash coming out of GDSM's pocket for financing Phase I and II.}
-As consideration for the sale of the preferred shares, the Company has agreed to assign back to Western Sierra Mining 5% of its joint venture interest in the claims.
{This is first actual cost to GDSM for getting the Phase I and II financing is that it agreed to give Western Sierra Mining 5% of it joint venture interest in the claims.}
The Company may buy back the 5% interest for $100,000.
{However, GDSM can easily buy back the 5% interest for $100,000.}
Additionally, the Company has agreed to issue Western Sierra Mining four million shares of a new series of preferred that may be converted to common in 1 year.
{This is the second actual cost to GDSM but four million preferred shares is not significantly dilutive and won't occur until a year later.}
To complete the future funding requirements of the JV, the Company has further agreed to grant the funding investors warrants to purchase shares of the Company as follows:
Ten Million (10,000,000) warrants exercisable at $0.10 per share
Ten Million (10,000,000) warrants exercisable at $0.15 per share.
{In other words, the shares are considered to be worth as least $.10 to $.15 at this time.}
The Company has agreed to file a Registration Statement to register the shares with The Securities and Exchange Commission.
{Owners of shares will be publicly known soon enough.}
Do they have to cover 17M by end of today?
How did you determined there is a 17M naked short?
They don't have to buy a whole lot. It is still a cheap price for a couple of pennies.
Expecting price to start going up again.
but if that hole is full of gold.
meanwhile, the price will continue to go up a few more days before 8K issuance in anticipation. besides, why would they make the efforts to issue a 8K if would be that bad. therefore, expecting price to go up more after 8K.
Will close above .01 today.
Going to .01 today.
Worry about the RSI after it passes $.50 in price. Price is still too low where it doesn't take too much money to distort things. GSDM is just going go straight up for now.
This means that for next 10 days, the anticipation will cause the stock to rise even more knowing that it will be nothing but good news. Looking at .009 if not more before the close today.
Go GDSM. No stopping it now.
Is it possible that those who sold for a tax loss last year now decided to buy them back and therefore, this is just a very short term rally?
Brass people don't know much.
More interest will be generated if GDSM published some news. Why hasn't GDSM issued any PRs for such a long time?
No news from brassbull?