That is true. GDSM has gained a bad reputation from its past and previous CEO which is part of the reason the price is where it is today. Mike is fully aware of this and admits it. However, investing in this stock or any stock is about potential future gains through company growth and dividends. Don't expect dividends here but the growth potential definitely looks more promising now than it ever has in the past. And as every investor should know, getting in BEFORE the growth happens (or starts) is more profitable than after.
It will take positive proof from Mike to rinse the bad taste of GDSM's history out of a lot of investor's mouths and hopefully we will have it soon. For those investors that have got burned here, it is understandable that they are bitter and skeptical of GDSM's future. It is hard to look forward and not backward.
Here is the real question though... Looking at GDSM right now (disregarding history) with what the new CEO has done in a relative short period, is the investment worth the risk?
IMO it is because GDSM is actually tangible now. The merchant websites are real. Were the gold mines ever real?... who knows. We as investors were not able to actually interact with that venture. We CAN interact with the websites and buy product if so desired. That may not be much now but it is at the very least proof that GDSM has SOMETHING... a start.
As for the future of GDSM... who knows? It will take time, a lot of effort from Mike (which he seems to be doing) and investor patience.
Investors need to keep one thing in mind for GDSM... Mike is not starting from ground zero here. He actually started in a hole and has been digging GDSM out. From what I can tell though, the reverse momentum is about to come to a halt and forward progress about to begin. IMO, once this train starts moving forward, it will be the ride of a lifetime!
GLTA!!
