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Wednesday, March 26, 2014 12:34:16 PM
Mike Shea verifies no reverse split:
"I would like to touch on another topic, a reverse split. At this point in time, it makes no sense to do a reverse split. Without the benefit of a settlement, “uplisting” and clear path to growth, performing a reverse split is a guaranteed return to the triple zeros."
Mike Shea has reiterated this sentiment countless times.
Something that is missed in this statement is the desire to UPLIST!
The MMJ Subsidiary will help facilitate the uplist -- along with the completed audits that are being worked on right now by Corso & Company.
From recent PR (Audit info):
"From an internal perspective, the Company engaged Corso and Company to perform its audit. Corso and Company will provide audited financial statements for fiscal years 2011 & 2012, a reviewed statement for the six month period ended June 30, 2013, as well as, the completion and filing of corporate tax returns for the last four years. The audit is progressing and should be completed by the end of November, allowing the Company to file its Form 10, "up list" and regain its full reporting status."
Now we know that it is past November but the final 4 items have been submitted to the auditor and shareholders are now waiting on the completion of the 2011 and 2012 audits. 2013 audited numbers will follow the ’11 and ’12 numbers shortly thereafter.
From the PR dated March 11, 2014 (Impatient people want it now, now, now. It is coming. It takes time for the auditor to complete the filings.)
"The Company also reports that the four outstanding items requested by the Company's CPA, to complete the audit, has been submitted."
3/11/14 PR here:
http://www.otcmarkets.com/stock/GDSM/news/Gold-Coast-Mining-Announces-New-MJ-Subsidiary?id=77166&b=y
Unadited financials are due out by April 1.
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