GDSM is a pink sheet sub-penny stock and as such:
Post# of 394
Posted On: 02/17/2013 12:08:35 PM
GDSM is a pink sheet sub-penny stock and as such:
- GDSM does not have to file financial statements with the SEC or make available any material disclosures to its shareholders. It can raise the A/S to 2BILLION in 2012 and file with the Florida SEC over a year later.
- GDSM does not have to file quarterly or annual disclosure reports with the SEC according to the laws and regulations of the 1934 Securities Act. It can post a Quarterly on pink sheets that contains false data.
- Officers and Directors of GDSM have no obligation to shareholders to operate within Sarbanes-Oxley or any other financial controls promulgated by the Commission following the various accounting scandals that erupted in the wake of the Enron, WorldCom, and Tyco situations following the dot-com crash.
- GDSM Appears to be a Significant Stock Scam And Not a Legitimate Enterprise. All of its previous companies have been financial failures. In fact, all the companies operated by the Lovito brothers have been financial failures and many have legal judgments and liens against them, including tax liens.
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