Comstock Inc (LODE)

[sakomoney]

GOLDSPRING INC: SB-2/A, Sub-Doc 1, Page 13


Table of Contents

USE OF PROCEEDS

We will not receive any of the proceeds from sales of shares of common stock by the selling stockholders.

DIVIDEND POLICY

We have never paid cash dividends on our common stock and do not anticipate paying such dividends in the foreseeable future.

PRICE RANGE OF COMMON STOCK

Our common stock is currently traded on the OTC Bulletin Board under the symbol “GSPG:OB”. The following table sets forth the high and low bid prices for our common stock since we commenced trading on February 28, 2002.


High Low
2003
First quarter $ 1.05 $ 0.06
Second quarter $ 0.16 $ 0.01
Third quarter $ 0.49 $ 0.05
Fourth quarter $ 0.84 $ 0.27

2004
First quarter $ 1.04 $ 0.66
Second quarter $ 0.85 $ 0.28
Third quarter $ 0.42 $ 0.17
Fourth quarter $ 0.22 $ 0.10

2005
First quarter (through April 26, 2005) $ 0.23 $ 0.06

As of March 31, 2005, we had over 2,000 holders of our common stock. That does not include the number of beneficial holders whose stock is held in the name of broker-dealers or banks. At March 31, 2005, we had 234,567,757 shares of common stock outstanding. The above quotations reflect the inter-dealer prices without retail mark-up, mark-down or commissions and may not represent actual transactions.

We have never paid dividends and do not expect to pay any dividends in the foreseeable future.

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It's an old filing but if you note the number of outstanding shares it may help you get an idea of where we stand . I am looking for a more detailed description of this era, to have a better idea of the dilution that took place back then and how it affected the pps. remeber the pog back then was nearly half back then too. I dont see a doller far fetched, as far as retiring on it, Most will be hestitant to answer that one,There was someone else who asked if they should be buying for there grandchildrens retirement a few months back. I remeber because I wanted to answer it but wasn't comfotable with it.No one else answered him either.