Wednesday, May 7, 2014

AEGY and GDSM

I currently like these two stocks:
AEGY-The announced that they will be merging with SKTO the end of April.  AEGY has the pharmajanes.com website where in CA medical marijuana users can place orders for products.   The acquisition company that they formed is registered in CO and tonight CO announced that the CO lawmakers approved marijuana banking.  This might have been a coincidence that they are going to be a CA and CO business, but I am never sure of coincidence.  It has been beat down lately and today saw over a 20% drop before it recovered to 4.3% down.  It is trading at .0022.  I think there is potential and they should file their annual report on the 15th May.

GDSM-This is really my favorite stock right now.  The have developed the mj-xchange.com website.  It is a social networking site and more that is listing businesses, games, and more. The major problem has been how to bank without breaking Federal Banking Laws.  I think this company has potential to become a major player in the MJ business. They are trading at .0008. They announced today:
WILTON, CT--(Marketwired - May 7, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM) (PINKSHEETSGDSM) is set to launch another new product offering, MJ-Merchant.
Following up on the tremendous success of MJ-Exchange, Gold Coast is extremely excited to launch MJ-Merchant. Merchant bank card services have long been unavailable to many participants in the MJ industry, particularly dispensaries. Purchases have been in cash, bitcoins, tokens, etc. Gold Coast has broken through this barrier and will now offer merchant bank card services to qualified participants, including dispensaries. These companies will now be able to accept Visa, MasterCard, Discover and American Express.
MJ-Merchant will be live next week and interested companies can apply on-line. As part of Gold Coast's agreement with its financial partner, the Company will participate in the revenues from each established account on an ongoing basis. Additionally, as part of our marketing campaign, the Company will be contacting companies directly.
Michael Shea, CEO stated, "The launch of MJ-Merchant is another avenue for the Company to add revenue and profit. As the industry grows, it needs infrastructure, and I believe we are providing a valuable piece in this offering. I look forward to rolling out additional revenue generating products in the very near future."