Gdsm tired of excuses

Why would you take a 70-80% loss short term if you could have a 10,000% gain long term. 

It all comes down to 3 to 6 billion shares out there and growing and no confirmation if there are any sales on 420concept, any credit cards, any testing in Maine and if any crop in Colorado. It is simple math, with this share structure say 4 billion and $500,000 in a year in profits that is only .0002. 

I am critical but someone show me it could be more than $500,000 in a year. You can't because the company has been diluting our value with more and more shares being put out to pay expenses.  
Mr.  
Shea has said all the right things during conference calls and I bought into his BS, but he can not even tell us if one test has been done in Maine or our crop froze out or is growing. 1900 plus members on mj-xchange and our new name is so close to SEC stopped stock. 

It is time all shareholders realize the truth and demand answers from Mr. Shea. He may be paying for items out of his pocket and deferred income but he is getting his $6,000 or more a month. It is time revenues pay for expenses or we are done and we will not grow share price the old fashion way (his words) by revenues because we have way too many shares. 

Look in the mirror and see if any of this not true or you can disprove with facts. Send all of the emails you want to Mr. Shea and actually post a real one with a verifiable response. I wish I was wrong but thinking we are not moving up. Ho Ho ho in my opinion.  

I bought into the right words but now show me what is the truth. I challenge Mr. Shea to prove me wrong or anyone else. And you can't use stock of year wait two quarters just give me verifiable data. 

GDSM

Broke 1900 members on MJ-xchange 

On ALEXA 526% increase in search traffic. 

9% increase in daily page views 

123% increase daily time on site 

Suppose to be able to vote on new name starting the 17th.  

May start to generate more interest. 

12 days of Christmas sale GDSM

Products      About Us     Contact  12 Days of Christmas Sale 12 Days of Christmas SALE starts now! Mark your Calendars.  Each day will feature a great product at an unbeatable price! Day Date Item MSRP Sale Price Savings 1 12/8/2014 Atmos Ultra Ole Kit $54.95 $54.95 Free Shipping Code: FirstDay 2 12/9/2014 Compton 2 Piece Grinder 29.99 22.50 Save 25% 3 12/10/2014 Typhoon Teardrop Pipe 64.00 59.99 Save 10% 4 12/11/2014 Free Shipping on orders > $50 Code: 420_shipdisc 5 12/12/2014 Atmos Transporter Kit 164.95 99.99 Save $65 6 12/13/2014 Flamethrower Pipe 29.99 24.99 Save $5 7 12/14/2014 710 MINI Pen Vaporizer 99.99 79.99 Save $20 8 12/15/2014 Detox Ult Gold 16 oz 26.99 19.99 Save 25% 9 12/16/2014 Atmos Boss Kit 159.95 108.95 Save $51 10 12/17/2014 Compton 4 Piece Grinder 64.99 48.75 Save 25% 11 12/18/2014 Cyclops Sherlock Jade White 62.49 54.99 Save 22% 12 12/19/2014 Trippy Stix Galaxy - Gun Metal Titanium 180.00 89.99 Save $90

Information About us  Privacy Policy  Return Policy Terms & Conditions Shipping & Processing New Arrivals Cyclops Agua Azul Be Happy  710 MINI Pen Vaporizor Contact us 420 Concept P.O. Box 7512 Wilton, CT 06897 (203) 210-5614 sales@420concept.com www.420concept.com

What to get GDSM to move?

I still believe way too many shares but been watching Alexa last couple of days.

Daily time on MJ-xchange up 85%  and traffic to site from searches up 392%

For 420concept on Tuesday 41.7% of traffic for searches up 487% and today 45.5% and increase of 634%.  All of the percentage increase is daily over 30 day average.

GDSM name change

http://www.accesswire.com/423791/Gold-Coast-Announces-Corporate-Name-Change

Gold Coast Announces Corporate Name Change

Companies Mentioned

PK:GDSM

12/04/2014 [ACCESSWIRE]

WILTON, CT--(Accesswire – December 4, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM) is pleased to announce its intent to change its corporate name.   

 

GDSM is pleased to announce that it will be changing the Company’s name to more accurately reflect its current business activities and its future direction. As indicated in the most recent conference call, the Company will accepting name suggestions from its shareholders and investment community, with a $1,000 cash prize awarded for the name selected. 

 

The contest procedures are as follows:

 

• Name suggestions will be accepted through December 14^th, 2014. 

 

• A specific page (http://www.mj-xchange.com/pages/106/) has been set up on MJ-Xchange (www.mj-xchange.com) for name submission. 

 

• Management will review all submissions and select 3-4 names it believes appropriately captures the business, direction and spirit of the Company. 

 

• The selected names will be announced and put to a vote, from December 17^th - 24^th, and winner selected using MJ-Xchange’s voting feature. 

 

Formal application, to FINRA, for the name change will be made the first week of January. 

 

“As the Company moves forward providing services to the legal marijuana industry, the current name no longer represents the Company. We needed a name change and am pleased that we are able to include shareholders and the investment community in the process.” commented Michael Shea, CEO.

 

 

ABOUT GOLD COAST MINING

 

Gold Coast Mining Corp. is an innovative and opportunistic provider of services and products to the high growth legal marijuana industry. The Company targets niches were it can be the leader while concentrating on generating revenues, profits and substantial returns to its shareholders.

 

Follow us on Twitter at http://twitter.com/GoldCoastMining

 

Safe Harbor Statement

 

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.

 

 

Contact Info:

Michael Shea

CEO

Gold Coast Mining Corp.

(203) 210-5614

Michael.shea@gdsmholdings.com

http://www.gdsmholdings.com

http://www.mj-xchange.com

http://www.mj-merchant.com

http://420concept.com

 

420 Concept

Here is an interesting metric on Alexa that there was a 487% increase in search engines sending traffic to the 420 concept website.  

New eyes coming to the site.

 

GDSM ALEXA

Page views up 90% world ranking improved by 2,010,960. Someone looking at gdsm holdings.com 

420 concept

10% and free shipping today 

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/24/the-marijuana-industry-could-be-bigger-than-the-nfl-by-2020/

The marijuana industry could be bigger than the NFL by 2020.

Can $GDSM be part of it

A report out from Greenwave Advisors, a "comprehensive research and financial analysis for the emerging legalized marijuana industry," projects that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. They note that this is a floor representing revenues in the first year of countrywide legalization.

To put that figure in perspective, $35 billion represents more annual revenue than the NFL (currently $10 billion), and is roughly on par with current revenues for the newspaper publishing industry($38 billion) and the confectionary industry ($34 billion).

Greenwave arrived at its numbers by considering existing and likely marijuana markets - medical and recreational - in states that already have them, as well as states that appear likely to open up such markets by 2020. According to the Huffington Post, Greenwave assumes 12 states plus DC will have legalized recreational marijuana in that time, with medical marijuana markets in 37 states. Currently 23 states have legalized medical marijuana, and two have legalized the plant for recreational use. Even without full federal legalization, Greenwave projects legal marijuana revenues of $21 billion.

It's worth noting that there's a fair degree of uncertainty surrounding these numbers - current estimates place the size of the U.S. black market at anywhere from 10 to 120 billion dollars. Predicting future marijuana sales may be a fool's errand, as evidenced by Colorado's difficulties in projecting marijuana tax revenues earlier this year.

Considering the legal marijuana industry generated roughly $1.53 billion in revenues in 2013, according to industry research group Arcview Market Research, it's reasonable to assume there's a lot of growth potential between now and then. That potential has attracted investor interest, but enthusiasm remains constrained due to the uncertainties surrounding legal weed.

The biggest buzzkill remains the federal government's classification of marijuana as a Schedule 1 substance, making it illegal for any use. The Justice Department has thusfar taken a hands-off approach to legalization efforts in Washington and Colorado. But depending on who wins the White House in 2016, or who Obama nominates for the Attorney General slot until then, that situation could change on a dime.

And the DEA still demonstrates occasional bursts of enthusiasm for raiding medical marijuana dispensaries. Just yesterday the DEA raided two branches of the well-known Farmacy dispensary in the Los Angeles area. The dispensary has a reputation for being one of the "best-run in Los Angeles," but that didn't stop agents from seizing computers, cannabis and cash from the locations. According to the Huffington Post's account, the DEA has not yet given any reason for doing so.

GDSM name change

The new name should be released soon and will this generate some interest and movement?

GDSM disappointed

Don't want to bash but this share structure has grown out of control. If we said 3 billion shares and it is more than that to justify .10 that is $300 million. A penny is $30 million. None of Mikes estimates are even close to that. There is no buying no one can disagree with that our measly 10 million shares a day max at .0003 is only $3,000. I would bet the majority is from the company. 

I believed and bought into Mike's Conference calls and he is going to raise the price with revenues but it is getting very old that there is no evidence of revenues and the price sinks lower every day.  

The financials have been at least 6 months, the name change is taking forever.  

We have no name recognition or for that no trust.  

This share count needs to be reduced and even as 10 to 1, I would welcome, but right now only empty promises. 

Green Leaf Analytics

LLC finally approved and registered with Maine another revenue source.

https://icrs.informe.org/nei-sos-icrs/ICRS?CorpSumm=20151894DC

Go GDSM

GDSM thoughts

All my opinion but I think we may have turned the corner.

I have been saying the revenues for the last quarter would not be that great but that is behind us. 

finally the merchant card is active. 

CO $150k first year.  More grow facilities more income.

The mobile testing $30-$60k.  I will post as soon as LLC is active.

Now audited financial next step. Then name change and up listing.

Things looking better.

GDSM news out

Good news new revenue stream 

WILTON, CT / ACCESSWIRE / November 18, 2014 / Gold Coast Mining Corp. (OTC Pink: GDSM) is pleased to announce this new and significant relationship.  

The Company is pleased to announce that it has executed a new agreement with a Mid-West based merchant card provider that has solutions to allow dispensaries to accept Visa and MasterCard. The new program features 48 hour funding with no rolling reserve.

With the continued growth in the cannabis industry, accelerated by the recent elections, payment solutions continue to be one of the most significant challenges. Gold Coast's MJ-Merchant has continued to search for viable solutions. The Company believes this provider has very attractive solutions and MJ-Merchant will greatly benefit from the relationship.   

MJ-Merchant has received numerous inquiries, via its website, since its launch. Those leads will now be contacted in hopes of conversion to profitable clients. Additionally, the Company has built a CRM to market merchant services that currently has a database of over 2,000 dispensaries.  

"I am very pleased with this development and look forward to the revenue and profit coming from this relationship. On another note, the Company has received all the testing equipment necessary to launch Green Leaf Analytics. I am only waiting to receive formal notice from Maine's Secretary of State that our formation documents have been approved and recorded." commented Michael Shea, CEO.

Shea concluded, "Operating in this industry is challenging and takes considerable time to remain in compliance with local, state and federal laws. Despite these circumstances, the Company continues to execute in business plan and remains committed to being profitable in 2015".  

GDSM Potential 33,000% gain

Right now GDSM is thinly traded at .0003.

The quarterly report was not great but the next quarter will be the do or die.

I think we are at the low point for the company.  I believe in Mr. Shea and his business plan.  The old is behind us and he has acknowledged it.

If we go to 10 cents than 33,000 percent gain if my math is correct.

How can we get there.

1. $10,000 per month in CO and expand grow facilities.

2. Maine teasting grows.

3. Accepting credit cards for MJ sales once we get confirmation more revenue.

4. No BS PR going to grow by revenues.

5. Current in fillings unlike 90 % other pinks. 

6. Name change coming.

I think a once in a life time opportunity.

Detractors high share count.

CEO has said no RS until share price supports.

I do hold GDSM do your own due dilegence.

Gdsm

Quarter report out 

http://www.otcmarkets.com/financialReportViewer?symbol=GDSM&id=129314

GDSM

GDSM rolls out Green Lead Analytics in Maine.  Will be generating revenues in two to three weeks. Tweeted that moving into DC and Oregon.  

Great article

http://www.forbes.com/sites/markfidelman/2014/11/04/why-legalizing-medical-marijuana-will-make-investors-extremely-wealthy/?utm_source=MNTR+in+Forbes+-+Fidelman&utm_campaign=MNTR+Forbes+Fidelman&utm_medium=email

Why Legalizing Medical Marijuana Will Make Investors Extremely Wealthy

GDSM transcript

Thanks for stocks2fly

HIGHLIGHTS of 10/23/14 Conference Call: 

Below is pretty much a complete (about 95%) transcript of the conference call -- verbatim. I was very diligent to quote everyone exactly as they said it. Link to the actual call: https://www.youtube.com/watch?v=gdnK9eKGF2g&feature=youtu.be You can listen to it while you read it. 

The CC lasted for about 48 mins. Mike Shea, CEO started the call with prepared remarks. Then, he had a Q&A session. Then, a quick summary.  

I must say he was very forthright, appeared very genuine and very honest, and he was very bullish and optimistic. I really appreciated that he said it like it is -- the good, the bad and the ugly. Fortunately, most of it is good. :)  

Highlights of Mike's prepared remarks: 

Mobile Testing Labs: 
"I've issued a press release today that I'm very, very, very excited about regarding the mobile testing labs." Link for press release: http://ih.advfn.com/p.php?pid=nmona&article=64147460 

"This was a contact that was actually generated from a shareholder. He is an entrepreneur and grower in Maine."  

"This is exciting because this will be the first lab that I know of up in Maine. To make it convenient for the growers and their dispensaries we came up with the concept of doing a mobile testing lab. It will be located in the center of the state. It will be able to reach those growers and dispensaries within a 2 hour drive."  

"It's a very niche area. The margins are extremely, extremely attractive."  

"We can see rolling out starting in Maine and going through the Northeast and other States where medical marijuana or recreational marijuana is available."  

"We see this is a tremendous, tremendous opportunity to broaden the horizons and generate cash flow for the Company. The investment is nominal the returns are substantial."  

Update on Colorado: 
"As I have press released before, we did enter into a consulting agreement. That partnership is working well. We are in the mist of moving the location to an inside facility using the same grower."  

"We are in the process of talking to two (2) other folks in regards of doing something of a larger nature. These individuals have outgrown their existing facilities and placing them into a larger building, which we would lease to them."  

"So, we continue to march on in Colorado. I think the opportunities there are boundless. We are only constrained by capital."  

MJ Merchant: 
"I think that we finally reached the goal. Not with the original credit card processing company, but with a different processing company that I've been in contact with. I think that within the next week we will have that program up and running."  

"It's amazing the number of responses, applications that I receive and have received since we announced the product from dispensaries looking for the solution. We have saved all those contacts, communicated with them. They are obviously patient and waiting for the solution."  

"So, once it's put in place that product will begin to take off. The numbers are staggering because not only do we get a set-up fee, but we participate in all the sales that are made using the credit card."  

420 Concept: 
"The 420 Concept continues to generate revenue, certainly not at the level that I like. We have a plan to implement to drive more revenues through that, but right now it is still just a business that I actually love because it takes very little time to process the orders. It's just a matter of driving more traffic through that."  

MJ-Xchange: 
"As I noted on the Cannabis webcast, there are 1,700 people registered. We don't have the participation level that I would like. We have some thoughts on how to drive that including guest columns." 

Other remarks: 
"So, collectively, the businesses that we have put together have created a very, very strong foundation for the Company. 

"I couldn't be more pleased with the products that we've put together."  

"It's now time for executing and for these things to pay a return to shareholders."  

"I'd be quite remiss to say that I'm quite disappointed in the share price in particular in relative to our peers that are trading substantially higher than we are."  

"This is not a trip zip company. It's ridiculously low."  

"There are things I will be doing from an awareness perspective to get the message out, including conference calls like this, including the cannabis webcast that we did what a month ago or so, including trade shows."  

"I've heard from the founder or creator of the cannabis webcast and the YouTube clips of our presentation were the 2nd most viewed out of anybody during that full day of presentations. So, people are looking at us. So, it leaves me to believe that I'm not articulating the story enough." 

"These are exciting times for the company. It's very, very well positioned."  

"We obviously will continue to work on other opportunities as I indicated in Colorado, Oregon, Washington, etc."  

"This one concept in Colorado that we're working on -- all I can say is that it's so attractive it's incredible."  

"I would like to mention that quite frankly a lot of these opportunities are coming from shareholders. I don't want to name them, but it's shareholders helping the Company. I couldn't be more pleased and grateful to those people that are involved in really trying to help."  

"We're thinly capitalized. It's me and a couple other people that are helping us build this Company. And a company is being built -- a real company. That was my goal from the beginning".  

NAME CHANGE: "I will be announcing the name change contest [winner] the 1st of December, with the target of having a new name, ticker by the first of the year -- certainly, in January. That all depends on FINRA."  

AUDIT: "The sore subject continues to be the audit. I pretty much have made the decision that we will switch firms and begin the audit beginning of January. And we'll only have the two (2) years audited financial statements for 2013, 2014. All the books and records that I have control over will be sufficient to get an audit done ASAP."  

"Obviously, once we get the audit done we do the Form 10 and the quote un-quote, uplisting. And I think that will help not only in terms of share price, but in terms of credibility for the Company."  

"One of the things that I am focused on and am trying to work with people to develop ideas is awareness programs. I absolutely refuse to do an investor awareness program where all they do is get new posters on investor hubs or other chat room sites and regurgitate nonsense. It has to be done professionally, legally. And quite frankly we have a very, very good story to tell.  

"I'm very bullish, this company is poised for growth, just with what we have right now."  

"I'm excited, I'm optimistic. FAILURE is NOT AN OPTION."  

"I will continue to push these programs. You probably won't see any additional programs. You'll see us focus on the lab testing roll-out as well as opportunities in Colorado, Washington, Oregon to support growers via the real estate player consulting agreements." 

"I firmly believe that we will be PROFITABLE in 2015. That is my goal. If we are not profitable, I will consider it a failure." 

Q&A: 
First, Mike read some questions submitted by two (2) shareholders. Then, he opened up the line for listeners on the call to ask questions.  

Questions from Carmen: 
1st question: "Mike are you planning to uplist to the OTCQB? If so, what is the timetable approximately?  
Mike's answer: As I indicated we'll have a new accountant engaged by the end of this year. We will give them all the books and records and I can't see why they wouldn't be able to generate two (2) years of audited financials within 90 days despite the fact it's their busiest time of the year. I will not engage a company that can not commit to that timeframe." 
2nd question: "Is your plan to dramatically reduce the outstanding shares (O/S) of GDSM? If so, by how many and over what period of time?"  
Mike's answer: Obviously, I'd love to reduce the number of shares O/S. There are a number of legal issues regarding buybacks, etc., etc. that probably prohibit me. I have not looked at them because quite frankly we're not in a position to expend capital to do a share buyback."  

"All available capital is being invested into the Company. And that includes quite frankly my compensation. Which in the initial conference call that I made when I took over back in July of last year, people asked me OK Mike what's your compensation? I told them that I have a contract agreement for $10,000/month. Quite frankly, if I get $7,000/month it's probably (he chuckled) a good day. And then out of that I do pay a substantial amount of the companies expenses, including press releases, etc, etc.. So, unlike many companies where the CEO's are making a very good living, quite frankly the money's just not there. And I prefer to have it invested in the Company.  

Questions from Shane: 
1st question: "Conference call needs more status on financials."  
Mike's answer: "Which I've [already] given [the status]".  
2nd question: "What are the details of the agreement in terms of potential revenue?"  
Mike's answer: "Let me say this, revenues from the labs I anticipate in 2015 to be somewhere in the neighborhood of $30,000 - $60,000 and that's really just a factor of how quickly we can get started up, how quickly we initiate our brand. I do believe that we'll be able to establish a brand where the dispensaries won't buy marijuana without our testing results." So, on the low end, I'm saying that it's somewhere between $30K-$60K per year."  

"The Colorado opportunity -- we are looking somewhere in the neighborhood of $10K-$15K per MONTH. So, you do the math on that and you're looking at somewhere between $100K - $150K per YEAR. These are all NET numbers by the way. And so that gives me the confidence level that we will be profitable. Secondly, if we can work out this next transaction in Colorado, those numbers will double. That's how good that opportunity is."  
3rd Question: "Are your interim financial reports going to be filed on time?"  
Mike's answer: "Yes"  

Then, Mike opened the line to 'live" questions. 

Jason from Louisianna: 
Question: "I was wondering about the Etrade situation. Have you heard anything about that?"  
Mike's answer: "It's not an Etrade, it's Scottrade. Scottrade refuses to deal with me in any way shape or form."  

"I will tell you this and this will be news for everybody. There is no doubt that our share structure has increased. And that does cause concern in many companies do receive a DTC chill. I have been in contact with the DTC. They've reviewed all of our issuances and have cleared us so there is no threat of GDSM to be chilled. I'm not sure why Scottrade continues to not trade us."  

Pierre from Florida: 
Question: "We have Amendment 2 on the November ballot. If that passes, does the Company have any plans to enter the markets in Florida?"  
Mike's answer: "Absolutely. I already have somebody on the ground who is monitoring the situation. And is familiar with what we're trying to accomplish and how we're trying to accomplish these things from a legal perspective. I do have an attorney that specializes in marijuana down in Florida."  

"And quite frankly, I think it would be a very hot bed. And I say that for two different reasons. Florida just due to it's population is huge. I think that if the rec market comes around that will be huge. But there is no doubt about it there are a lot of older people in Florida. And one of the things where I spend a lot of time on is looking at the medicinal side of this business. And the people, the elderly, people with disabilities are tired of taking pharmaceuticals and not getting the results. And so, just out of desperation they will try medical marijuana. And the results are staggering. And there is real healing applications. So, I think that Florida would be gigantic for medicinal and we'll be there on the forefront."  

Peter from Mass.: 
Question: "I hold a considerable amount of shares in the Company. And I would like to invest more in the Company, but my one concern is the possibility of a reverse split."  
Mike's answer: (he chuckled) Ah, yes, the reverse split. OK, everybody, I've been on record regarding this reverse split. Let me say this, when I go out and I did the trade show and did the cannabis website, isn't it embarrassing that we have 3-4 Billion shares O/S. Absolutely!"  

"The fact is reverse splits are something that can only be effectuated and work well for shareholders when the share price is at least moving substantially in a positive direction. So, I've been on record, I hate reverse splits. I haven't seen any -- maybe 1 or 2 that have actually worked well. But I would not consider reverse splitting without some real positive momentum in the market in terms of the share price and progress on the Company. I hope that answers you. " 

"I can never say never, but I don't see it right now that's for sure."  

"Look, you know here is the real story. I've been doing this for a little over a year, maybe a year and half. I've developed a lot of relationships with long time shareholders. The shareholders that have helped me out. They give me leads, they make introductions, etc., etc., they give me ideas. And I don't want to burn anybody.  

I mean at some point down the road a reverse split will happen. But it can't happen down here. The Company needs momentum in it's share price. It's a personal thing with me."  

"And this is something I've tried to stress with investors and the investment community. We're different. Yeah, we're a pink sheet [company], yeah we're a trip zip company, yeah we have 3-4 Billion shares outstanding, alright. And mistakes have been made. And I take the blame for that."  

"But the fact is that how many pink sheet companies out there actually have conference calls where they're willing to take questions from shareholders. Most of them hide behind that. If you call them you'll never get them. I take phone calls all the time. I try to respond to each and every email, even the ones that are less than flattering and I'll just leave it at that. I really do care about this. I mean I'm in this for the long haul. I think we're well positioned."  

"And, you know, again I don't mind being criticized. I don't have all the answers. But we're moving in the right direction. I'm proud to be leading the charge. And I think we're on the cusp of being profitable. And that's something that's rare for a pink sheet company."  

"I appreciate your question and have a good day."  

Martin from Michigan: 
Question: "I wanted to kind of piggyback off of the caller before the last in regards to upcoming not only Florida ballot, but I believe 9, 10, 11 States have upcoming ballot initiatives. Not all the same, naturally, but they all pertain to the same thing, the grow industry and a lot of factors that deal with it. My question to you is, I've been calling your Company for a couple of years now, my question to you is a) do you expect to utilize and approach all the States that pass initiatives to advance this Company as more opportunities arise. And b) Do you have the employee capacity, the financial to facilitate all that?"  
Mike's answer: Yeah, excellent question. I will tell you that there are several answers there. #1, I would like to be wherever, wherever we can make some money. We have the products, we have people on the ground."  

"You happen to be in Michigan. I grew up in Detroit on the east side. I have people there that would be more than willing to help with the effort. Employees are not an issue. Just out of the shareholding base, I have people that I've developed relationships with in various States that are willing to lead the charge."  

"And the capital is really the main thing. I have to create the sound foundation. And I have that now where we can generate the cash flow to be able to branch out."  

"Quite frankly, Maine, no one ever thinks about Maine. But I saw it, and I saw a niche opportunity where we could be a leader. Those are the type of opportunities I seek out."  

"You know, Colorado there's going to come a point & time when it's going to be over saturated. So, while there's good money to be made, you know, over the next 3-5 years in Colorado, maybe not so much, you know, down the road. Because everybody's setting up, you know, massive grow operations, etc., etc."  

"So, as I look at States like Michigan, like Maine, Rhode Island, wherever. Those are places where the Company can compete, make healthy margins, and build the brand. And get to a size where we can compete in larger States." 

"But, you know, it's kind of the David and Goliath, right now I need to be able to find areas using, you know, the thinly capitalized Company that we have to penetrate those markets, take advantage of them, make the money, build up a treasury where we can then broaden the scope. I would love to be in Michigan for a variety of reasons." 

"So, I hope that answers your question. Thank you very much have a good day."  

Nate in Maine: 
Question: "Just basically I just wanted to check in and see if you had other irons in the fire or any deals that might possibly branch off of this deal [in Maine] you came up here to make."  
Mike's answer: "Yeah. I'd like to be on the grow side there (Mike laughed). And I don't know if our entrepreneur grower is listening or not." 

"If you go into the dispensaries, packaging and the looks of the product are important. This gentlemen happens to grow some phenomenal marijuana. But, you know, he could probably use some more trimming, the buds don't look that great, but they're very, very good. So, he is looking and some of his friends are probably looking to expand their operations. And with this joint venture we get to know each other develop a trust then we can move into other opportunities."  

"I think Maine's a very, very good market. It's ironic, I look at Maine and I look at Connecticut where I live and the growers in Connecticut each pay I think about $1 million to get a license and there's only 4 growers. They're very, very, very good growers. Their grow facilities are like clean rooms in semi-conductor wafer labs. Everybody wears white uniforms, etc., etc.."  

"But in Connecticut there's only 1,800 medical marijuana card holders. So, I don't know what these 4 growers are going do in terms of who they're going to sell to."  

"Maine's a different story. It's a much more attractive market. In particular what I like about Maine it's only 7 hours away from them and I can get up there often and keep an eye on the operation. It's something where one thing always leads to another. If you asked me a month ago whether we would be doing mobile testing labs, I would have said no. But you know, it's only through these contacts that opportunities crop up."  

"Someone still wants us to investigate doing a seed bank up in Maine. And I've looked at that, and I'm not sure it's legal, legally feasible. But you never know. So, once we have boots on the ground certainly we'll follow whatever opportunities are presented to us."  

"Thank you."  

Murray from Kansas: 
Question: "I have a couple of questions about the current products we have, one being the Concept 420 and the other being the MJ-Merchant. Originally, I feel that our mission statement was to have unique products that no one else had and that were kind of one of a kind and truly artistic. And it seems like a lot of inventory on 420 Concept is very generic. Do we have plans to overhaul that and also to utilize it as more of an advertising platform on Facebook? And secondly, have we landed a bank with MJ-Merchant? And have we looked to Oregon because I've heard Oregon has more bank friendly hosts? 
Mike's answer: "Excellent questions, excellent questions. Let me address 420. 420 is something that, you know, I thought that, you know, I'd build it and they would come. Then, I heard from numerous people that our prices were too high. And so I started taking a look at that and looking at some pricing strategies, which some have been implemented particularly where we have relationships with manufacturers like Atmost(spelling?) and Comiley(spelling?) Glass, etc., etc.."  

"And you're absolutely correct, we are being lost. Well, there are two things. #1 as we haven't successfully implemented a SEO program so that we're constantly being googled at the top of the search. Secondly, I have reached out and quite frankly it's a matter of time on bandwidth on my part."  

"I have reached out to some individual product manufacturers artisans and I've probably told this story before so excuse me if I tell it again. But I contacted one glass blower in Colorado who is well known. And I said look I would love to carry your products. He said alright fantastic. Ok all we need is a picture and we need a description and tell me what the price is. He says well I don't know what I want to sell these things for. And I called him back and he said I still don't know what I want to sell these things for." 

"It makes it difficult when someone can't tell me what I can buy the product for to be able to offer it. And I'm not sure if that's a current that runs through the artisans or not. But it's certainly something that I need to spend more time on."  

"Right now the inordinate amount of my time is being spent where we can make significant capital, significant revenues and profits." 

"But the 420 Concept is a product that quite frankly I love it. I mean I open up my email and I see the orders come in and I just process the orders -- they're all drop shipped, etc., etc.. It's nothing. And the margins remain healthy.  

"Quite frankly I'm disappointed that more people have not [used it]. I have probably 1,200 shareholders and I've got 1,700 people signed up for MJ-Xchange although they rarely use it. I would have thought that I would have drived more traffic that way. But that's not the case."  

"So, I need to do more SEO work and I need to refine. And probably go from 500 products down to 100 [or] 150 products. And have those be products that we have direct relationships with manufactures and those specialty products that nobody else has so that we can get that extra premium and margin and be the place to go to." 

"In terms of MJ-Merchant we had signed an agreement where we got 50% of each transaction charge that the credit card processing company charges. And quite frankly they were overwhelmed and underprepared."  

"There is a new processing company. I'm waiting for the details, but my understanding is that their work around is not necessarily through a bank, but they have set up or a private equity fund has gotten involved in the back end to handle the credit card transactions. I'm waiting for the package and the agreement on that and I hope to have that in the next week." 

"Thank you"  

Chris: 
Question: "I've got a question in regards to the reverse stock split subject matter. I know you've already talked about this already, but are you saying that there would not be any reverse stock split in say the next 90 days?"  
Mike's answer: "Yes"  

"Alright, thank you" 

Then, Mike summarized: 

"We are in a good spot"  
"We have products"  
"We're working hard"  
"We will be generating significant revenues in the near future"  
"We are doing everything legally"  
"I'm as optimistic as ever"  
"I see the sky's the limit"  
"Quite frankly again I hate to harp on it, but it is a pet peeve, not a pet peeve a real sore point with me to see this stock trading where it is trading"  
"We have a lot of products to offer"  
"The future is extremely bright"  
"I'm committed, the other people working with me are committed"  
"We will succeed"  
"Again, failure is not an option"  
"I'll be damned if I don't get this ship going in the right direction and make us profitable and have the shareholders participate in that reward"  
"I do thank everybody's time for joining in on the conference call"  
"This is being recorded and I will get the recording up on the website as soon as I am able to, but certainly in the next day or so"  
"Thank you everybody, have a great day"  
"GO GDSM" 

GDSM Conference Call recording

I posted a recording on the bottom of www.moosedriver.com all the way on the bottom.

GDSM ask

Here is the level 2 screen shot 

GDSM

The CC needs more than status of financials. What are the details of the agreement we have, in terms of potential revenue? What is the status of the future agreements, any more coming out of CO? What is the current share count outstanding? Since millions get dumped daily. Have any more shares been issued for services or management consulting?  
Are any material events going to filed? Is the Interim Financial Report going to be filed on time should cover through September and see what is generating income. 

Mike says raise price the old fashioned way by revenues and I believe all are valid questions if we are actually generating revenue since with the current price the market does not think so. I am going to miss the call on Thursday, listened to the last two, and hopefully gets this moving up. 

One more how about the name change?

GDSM

Gold Coast Announces Conference Call To Discuss Progress

Companies Mentioned

PK:GDSM

10/16/2014 [ACCESSWIRE]

WILTON, CT / ACCESSWIRE / October 16, 2014 / Gold Coast Mining Corp. (OTC Pink: GDSM), announces Corporate Conference Call:

The Company is very pleased to host a conference call next week. Michael Shea, CEO  commented "I have been contacted by many shareholders and potential investors that either missed GDSM’s presentation on the Cannabis Investor Webcast, did not get the opportunity to ask a question or have new questions. Combined with the fact that new opportunities are nearing finalization (e.g. Maine, Colorado, and Corporate Name Change), I thought it would be beneficial to host a conference call to provide a report on our tremendous progress and answer questions".

Details for the Conference Call are as follows:

Date:                           October 23, 2014

Time:                           12 pm (Eastern Standard Time) 

Call In number:           (857) 216-6700

Passcode:                    673661

Gold Coast looks forward to publicly communicating with shareholders and the investment community next week.

ABOUT GOLD COAST MINING

Gold Coast Mining Corp. is a holding company with interests in the mining and energy sectors. The Company's goal is create a vertically integrated oil division and continue its diversification into other high growth industries. The primary goal is generate cash flow to sustain and grow profitability.

Follow us on Twitter at http://twitter.com/GoldCoastMining

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.

Contact Info:

Michael Shea

CEO

Gold Coast Mining Corp.

(203) 210-5614

Michael.shea@gdsmholdings.com

http://www.gdsmholdings.com

http://www.mj-xchange.com

http://www.mj-merchant.com

http://420concept.com

SOURCE: Gold Coast Mining Corp.  

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