And the pumping continues on GDSM on the other sit
Post# of 390
And the pumping continues on GDSM on the other site.
Last update was on 11/5/12. A month from there is 12/5/12.
THIS WAS NOT AN UPDATE - it was a PR pumping the hiring of a CPA.
THIS was the last "shareholder update"
Aug 8, 2012 | Gold Coast Mining Shareholder Update |
PPS moving up on light volume is a GOOD THING. REALLY - Not what was posted on another board where for the first time in history it had higher volume that GDSM! I remember when it passed GDSM in share price and never looked back!
Shares can't convert above the A/S which is still reported by the Florida SOS as 750MM shares.
THERE ARE STILL 11M shares left that can be dumped. And a DTCC chill has been overdue since August!
The test assays have already been completed with positive results. However the Goldstar project has been set asside to pursue the more lucrative Azurite project.
Chaffee is moving forward without GDSM on the Azurite and has formed the Azurite Development Corp. to fund the development.
Audited fins are in process. So impressive - a CPA who works out of his house! And the last 2 quarterly statements contain errors and will require refiling.
Merger is on hold pending the audited fins. Merger is on the back burner with the LOI for the purchase of the claims by AUMY!
JV is still in play pending funding. JV was defaulted on Oct 20 when GDSM failed to make the $100K Payment.
The "pictue" is looking great from where informed investors are sitting.
There is NO PICTURE (check sp) - GDSM has no assets, no mining claims and no mining equipment. Who would lend them funds when they have over $801,859 in current liabilities.
What do you think the A/S will be raised to? Has to be over 2 BILLION and probably 3 BILLION is more likely!