Monday, August 27, 2012 11:59:16 AM
In the last quarter, a total of 125mm new shares were issued to eliminate debt and share issuance obligations, as well as to secure capital for legal, accounting, Pink Sheet Subscription fees and other necessary expenses to bring the Company’s filings current.
We know Paul and Marc were never paid salaries because GDSM never had any revenues. But if Jason Cooper got 31M shares for serving as CEO then Paul and Marc deserved some shares too, despite the fact that Jason and Paul failed to produce a penny in revenue during their service.
So the question is - 125,000,000 shares were issued Oct-Dec and another 50,000,000 Jan to Mar.
HOW MANY OF THOSE SHARES WERE SHARE ISSUANCE OBLIGATIONS TO PAUL AND MARC AND WHEN DID THEY DUMP THEM?
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=75220 PAGE 7
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