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Re: Rich post# 116274

Tuesday, 03/04/2014 11:28:45 PM

Tuesday, March 04, 2014 11:28:45 PM

Post# of 162688
Please correct me if I am off base but here is my take on what is going on. Gold Coast owes Gelpid $5M based on recent judgement. Since it is in Gelpid's best interest for Gold Coast to be profitable, in order to be paid back, they are going to take their mj accessory business public through GDSM, who can grow it with shareholder capital? That being said, i was just going through the today press release.

1) Although the press release came across as unprofessional, the CEO's honesty regarding missing audit deadlines was refreshing. You could sense his honesty and integrity the way the release was written. Next time however, please use marketing firm!
2) Having an independent audit is huge! Possibly more important than anything else he said, MMJ included. Having audited financials is the most transparent thing a Company can do. You can't deceive or hide anything from anyone! I was an auditor for 6 years and I know exactly how rigorous an audit is. They will go through this Company with a fine tooth comb. I dont even care if the number come out ugly, at least we have a basis to start with. Any Company can claim to be entering the MMJ business but how many of those are fully audited Companys? Very few.
3) New sub being worked on by legal advisor - lawyers work slow to bill more! Lets get this done!
4) Was a little dissapointed not to see anything regarding natural gas, oil, mines, etc.
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