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Friday, 07/11/2014 11:45:33 AM

Friday, July 11, 2014 11:45:33 AM

Post# of 162649
A cohort of mine says he talked with GDSM last week and he specfied that MJ Merchant may be on a holding pattern as any "potential" clients are waiting for the banks to finally accept the MJ industry, so that plan is in the water. My contact mentioned most likely there is no company that has even signed up or showed interest in MJ merchant as their are 10-20 other companies that are established and various credit unions that are helping the cause.

He also assumes that MJ Xchange will have a hard time with facilitating a substancial amount of advertising as I have always mentioned who would pay to advertise to 900 people with a forecast of 2000 peak members.

Also he assumes that GDSM did make a mistake of going to the first weedconference and not change the companies name to something more suitable, because there was allot of questions about the gold mining aspect. Why present the company is this fashion at the 1st and most important conference of the year

as for MJ aquisiton corp, no revenue generating business would ever sell to GDSM, it make no sense whatsoever. Plus Mike already mentioned he cannot start or takeover a dispensary, and that is the real money maker.

Also 420 concept might have to close down as infringment on copying another site concept 420, I emailed the other company already and they responded they were looking into it prior to my email.

GDSM please stop trying to copy other websites and their business plan

http://420concept.com/
http://www.concept420.com/

I appreciate some of the longs agreeing with me that GDSM will make absolutely no profit for the next 10-20 years as GDSM still have to pay out the Lovito's $5MM.....revenue for the company, I'm not sure but it will be closer to $200 than a MM that's for sure.

Also the trend of not supplying the public with financials will continue as they cannot release anything at this point as they are in the RED more than what people assume.

Also if you need proof of the above, please call Mike and just ask him



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