The merger between IGMR and GDSM will combine two nothing companies. Neither has any cash or revenues. IGMR owns some BLM claims between 2 wilderness ranges in Inyo Co. CA, both of which contain rare and endangered species. The chances of getting the necessary permits are slim and it will take millions of dollars.
The two companies can merge by GDSM giving IGMR some of those Series E Preferred Convertible shares that are as worthless as IGMR's claims which would be their contribution to the merger.
The Series E are convertible into common shares at 15 to 1 and GDSM does not have sufficient shares to cover the Series E shares already sold.
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