Replies to post #1571 on Goldsands Development Company (GSDC)

[deepsea104]

Chevy I agree with you 100% on all of that. When I read the 10-K I was disgusted (and I hope Mrs. deepsea, in at $1.30, never sees it)but these extreme disclaimers seem to be mandatory. It is looking like a fine line between whether they hang on and become profitable or fold. The S.E.C. problem is another thing and I have no idea what that is about but it can't be good. John has never mentioned it. This seemed like nearly a sure thing but as it has dragged out over the years and the debt continued to accumulate success becomes more allusive. If they had gone to test mining, with at least a small income, two years ago and not gone with the extra millions for the whole 178 sq. mi. of clams things might be different. But I plan to hang in there.
The last one of these that I got into "Buffalo Gold"
found lots of gold in New Guinea but then decided it was to expensive to extract. Also in FCGDE, my record is not looking good.

[Z06 MAN]

Chevy,
I am out of the stock for now, so you can take this for what it's worth. I have done a considerable amount of DD on this company and it doesn't look good anymore. The 10k was very disturbing, and snotter is right about nobody expected it to be good.

IMO, the company has a very negative credibility problem that will be hard to overcome even with good gold numbers.

The SEC investigation will not turn out well for GSDC, that will be a huge hit to the share price and investor sentiment once the findings are made public. IMO, I just get a bad feeling about what's to come.

The share price will continue to remain low as short sighted money managers will continue to manipulate the price.

Further share dilution will also have a huge hit to shareholder value and share price. There is a shareholder meeting this month to vote an an additional 300 million shares of dilution.

I hope it works out for you, Good Luck.