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Re: $b_rich$ post# 81236

Tuesday, 08/28/2012 11:17:01 AM

Tuesday, August 28, 2012 11:17:01 AM

Post# of 162623
Mr. Chaffee stated in his June 30th shareholder report that the test results from the 5 gal buckets of gravel would be released to GDSM in the first two weeks of July. Based on that "news" GDSM flippers jumped on board and ran the pps up to .006.

Now it is the end of August and GDSM has failed/refused to release the test results. Their Financial Disclosure Statement was due Aug. 15th and they are seriously late on filing that.

Investors are getting tired of this string of failures to report news and keep them updated despite Marc's promise to be transparent. Well we are learning his promises are not worth the paper they are written on!

GDSM is just waiting on the right news and updates to fly out of these subs.



In fact Marc has made a number of false statements and violated the antifraud provisions of the securities laws in connection in issuing a several false press releases and other misleading public statements.

Dec 21, 2011
Additionally, the Company is in the process of securing a legal and accounting team to audit the Company’s books and records. This team will work expeditiously to make Gold Coast a fully-reporting company and move to the OTC Bulletin Board Listing Teir.