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1manband

06/18/13 7:39 PM

#94293 RE: Warmy #94292

As of last filing, GDSM had $806,159 in liabilities. That is practically nothing.



On the contrary, that is HUGE for a stock trading at $0.0008. Their only source of repayment is through the issuance of stock, which is always issued at a discount to market. At the current market price, that would require over 1 BILLION shares to extinguish. At a common 50% discount to market, it would be over 2 billion new shares.

And that is hardly "practically nothing".

Conrad3

06/18/13 7:46 PM

#94294 RE: Warmy #94292

Over $800,000 is nothing !

Lol, with zero income other than loot from commons that's a lot !