InvestorsHub Logo
icon url

feinanddandy

01/08/13 10:52 AM

#88957 RE: Actuate #88908

Speculation Huh? I strongly disagree with that statement for the following reasons:

Was the $50,000 check made out to WSRA that was posted on the board on Sept. 14, 2012 bogus? THAT POST IS FACT!

GDSM's QS shows that 4M Series E shares were sold and converted to 60M common shares. It is right there in GDSM's QS. THAT IS A FACT!

And the A/S has not been raised (only a matter of time) but the O/S went to 739,887,086, almost 300,000,000 shares increase! The Series E shares were raised from 60M to 100M - THAT IS A FACT. And the Series E shares were previously at 60M and are now 56M proving that 4M Series E were sold and converted. (Page 2)

The Total current liabilities rose from $765,785 to $801,859 despite GDSM selling shares every quarter to pay down "Debt" from discontinued operations! How is that possible? Page 4 THAT IS A FACT!


AND YET AGAIN:

In August 2012 the preferred shareholders agreed to finance the purchase of a minimum 5% interest in Azurite and to facilitate the Company's anticipated merger which requires the retention of an SEC attorney and a CPA for the purpose of filing a Form 10. In exchange for assisting in the funding and completion of these endeavors, the Board of Directors agreed to amend the conversion of the Class E Preferred from one share of preferred to one share of common to a conversion of one share of preferred to fifteen shares of common. An amendment to the preferred conversion was filed in August 2012.

Additionally, the preferred shares authorized by the Company were increased to 100,000,000. In August 2012, the first $50,000 investment was made in the Azurite project. In August 2012, 4,000,000 shares of Class E preferred were converted into 60,000,000 shares of common.

THOSE ARE THE FACTS AND THEY ARE ALL IN GDSM's QS!