$b_rich$'s Penny Bank Stocks

[lmcat]

The Company is authorized to issue 750,000,000 shares of $.01 par
value stock. The Company’s common stock is traded through OTC Pinks Quotation Service under the symbol “GDSM” (CUSIP# 38058D102).

As of December 31, 2011, there were 579,887,086 shares of the Company’s common stock outstanding.

GDSM Security Details
Share Structure
Market Value $2,204,605 a/o Jul 25, 2012
Shares Outstanding 629,887,086 a/o Mar 31, 2012
Float 599,887,086 a/o Mar 31, 2012
Authorized Shares 750,000,000

If there was no dilution as Marc claimed, how did the O/S grow to 629,887,086 from 579,887,086 in just 3 months?

Per their recent Quarterly filing (6/30/2012) the O/S is 654,887,086.

25,000,000 shares were issued to lower the legal debt but they still owe $501,615. 25M shares reduced the debt by $50K.

There are less than 100M shares left in the treasury and that would cover only $200K leaving them $300K short. GDSM does not have enough shares to cover that debt! How are they going to pay it off?