Goldsands Development Company (GSDC)

[deepsea104]

Chevy I agree with you 100% on all of that. When I read the 10-K I was disgusted (and I hope Mrs. deepsea, in at $1.30, never sees it)but these extreme disclaimers seem to be mandatory. It is looking like a fine line between whether they hang on and become profitable or fold. The S.E.C. problem is another thing and I have no idea what that is about but it can't be good. John has never mentioned it. This seemed like nearly a sure thing but as it has dragged out over the years and the debt continued to accumulate success becomes more allusive. If they had gone to test mining, with at least a small income, two years ago and not gone with the extra millions for the whole 178 sq. mi. of clams things might be different. But I plan to hang in there.
The last one of these that I got into "Buffalo Gold"
found lots of gold in New Guinea but then decided it was to expensive to extract. Also in FCGDE, my record is not looking good.