Refreshing honesty, thanks. GDSM and all other pinkies are legalized robbery by folks who have no compassion, no ethics, no morals, and would rob their own grandmother if they thought they could get away with it. I haven't run into a single one that has produced anything, invented anything, or contributed to society in any way.
The SEC cannot protect people from throwing their money into these blatant scams. A lot of the blame lies in the "investors" who either don't understand what they are buying or doesn't care and instead hope they can find someone else willing to buy to dump their shares onto at a higher price. Also known as the "Greater Fool Theory".
GDSM was a very obvious pump and dump, if not an outright scam. The things they were claiming about the mineral properties and mining plans were impossible. Absolutely no chance of them being truthful or factual. None. People should have known that. And, if they didn't, they should have known not to buy shares in ANY non-SEC reporting pink sheet company. The SEC will not protect you from yourself, and hopefully people who lose money on these obvious non-SEC reporting pink sheet pump and dumps have learned their (expensive) lesson.
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