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Tuesday, July 15, 2014 1:08:55 PM
also can someone tell me how many vaporizer kits GDSM has to sell to pay off the lovito's and get back into the black.
For example "Arizer Extreme Q Vaporizer" sold on GDSM 420 Concept sells for $239.00 if GDSM actually makes 10% of each sale which gives them $23.90 revenue.....
Wow they have to sell to every single person man, woman child and dog in half of US for the next 37 years to get their money back WOWZER!!! good luck
Through September 30, 2013, the Company had incurred cumulative losses of $14,705,121. As of September 30, 2013 the Company had negative working capital of $1,465,996
On July 19th, 2011, the Plaintiff, Gelpid Associates, LLC received a judicial default judgment against Raptor Holdings. Subsequently, on January 10, 2013, the Court granted final judgment against Raptor Investments, Inc. (now known as Gold Coast Mining Corp.) in the amount of $4,950,938.73.
The Company has insufficient capital and assets to satisfy the judgment and is seeking a settlement with Gelpid Associates. However, no assurances can be made that a settlement can be reached. The Company is exploring its options in the event a satisfactory settlement can’t be reached.
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