Tuesday, March 18, 2014 10:28:48 AM
First, regarding the audit, I expected it to be complete by now and the Form 10 filed. The audit is moving slowly as a result of the difficulty in getting information from previous management(s). Not that there has been a lack of willingness to provide the data, rather the difficulty of locating documents. Despite the obstacles, my goal is to have the audit completed by year end.
Previous Management? Isn’t that Lovito, who is still Director of GDSM?
By the end of the year? Hey it’s March 18,2014.
Dec 23, 2013:
The Company has provided Steven Corso, CPA all items from several punch lists and is awaiting completion of the audit.
Three months ago, still no audit.
Feb. 18, 2014 Corporate Update:
Our auditor, Corso & Company, has provided me a list of four remaining items, which will be provided no later than next week."
Still no audits, wonder why.
Oh yea, and this:
To accommodate this potential acquisition, the Company raised the authorized amount of common stock to 6.5 billion.
Now this is funny, because then the run on shares began, about 2 weeks later, from .0001 to .003. Also moved 3 Billion shares, in that time frame. So many new faces on the board, which is fine, but to come on and pump it like they did, is just wrong, but I digress.
Mar. 4, 2014
Lastly, the remaining four items have not been supplied to the Company's auditors. The blame is squarely on the CEO and this will be accomplished by next week. The audits are a critical piece of the overall strategy.
O.K. I hear ya. At least he took responsibility for not givng Corso and Company the last items for the audit, but why didn’t he? Could it have slipped his mind?
And Corso and company itself is somewhat hard to figure out. I can only get an address, which is someone’s home in California. Still running this down.
And to be clear, Gelpid owns the judgment for $5 million dollars against GDSM, not the other way around.
And lastly, the don’t contact Chris crap is just that. If he is involved and it’s legit, he shouldn’t mind some DD on him.
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