Goldsands Development Company (GSDC)

[HankVerde]

I couldn't agree with you more! The lack of information is frustrating! However, I believe that most/all of the management each has a lot invested in GSDC and are each out more than all of us on this board put together, so I imagine this is even more frustrating for them as I believe many took stock in lieu of pay.

Unfortunately, management is restricted by law as to what they can say and when they can say it. They have to be very careful with "progress reports" that might mislead shareholders. For instance, if they said something like "the Mineros investigation is progressing well" then three weeks later Mineros decides not to proceed, that could generate law suits. I think management can only issue statements when something concrete is known.

Hopefully something good will come out of GSDC's current agreements, but when the latest Mineros announcement (May 11) was made I thought we'd see a surge in stock price. That didn't happen, so I do have concerns about the quality of the gold deposit and ease of extraction. It's obvious to me that if this project doesn't produce income, GSDC is done for.