News Focus
News Focus
icon url

jmhgolf

11/12/13 10:34 AM

#98319 RE: lowmyoad #98318

But the question remains is the company selling shares to build a company or is it selling shares to line their pockets.
icon url

feinanddandy

11/12/13 12:29 PM

#98324 RE: lowmyoad #98318

GDSM has not provided its shareholders with a single FACTUAL financial statement in over 5 years, nor has it filed Corporate Tax Returns in that time frame. The ONLY reason GDSM is even considered "publicly Traded" is because of the FRAUDULENT paperwork GDSM files time and time again to swindle investors.

If someone invests here, IMO, they are simply paying the "Salaries" of the crooks that run GDSM. No one here YET has explained to GDSM shareholders how the now removed CEO paid off over $660K in personal debt in 4 months, a little over a year ago, when the financial statements GDSM provided at the time showed them $13M in debt, with no receivables.

While the comment about the right to sell shares however it wants may apply, certainly it cannot be condoned that fleecing shareholders and lying to them is an acceptable practice.