Have you had a look at the sticky post "Dilution Projections and DD"
"Since inception, GDSM has only managed to reduce its existing liabilities of $551,615 to $501,615. The reduction was by virtue of two payments, one between January 2012 and March 2012 in the amount of $25,000 and another made between April 2012 and June 2012 in the amount of $25,000."
GDSM sold 150mm COMMON shares for the following: "debt reduction", "legal, accounting, and Pink subscription fees". This 150mm shares DOES NOT account for any part of the $600,000 in JV funds generated from PREFERRED SHARES.
So.. put the pieces together.. GDSM sold 150mm shares [valuated at an impossible minimum of $187k (minimum market price calculation) and a realistic range of $1.5 - 2.1 MILLION (calculated from the MINIMUM market prices AND MINIMUM VOLUME during the quarters in which the shares were sold)]. However, GDSM can only account for $50,000 of that. The rest is either unaccounted for on the filings and records or has gone missing.
Oh, by the way, have a look at the term "legal [fees]" and imagine how much Marc paid Paradiso based on that indisputable $1.5 - 2.1 MILLION figure. Hilarious.
Short answer in case you don't want to read: 150mm common for $50k
Critical thinking part: Those 150mm shares were worth OVER $187k, and likely sold for somewhere around $1.5 - 2.1 MILLION. Hmm..
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