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Posted by timot on :
 
Hi guys,
I'm new here, and to the stocks thing.
Anyway, recently I have been getting bombarded with emails touting GGSM(D). Granted I am up approximately 75% in the stock, but I know very little about this company – is it a momentum play or is this a buy and hold?

Don't know anything about this company, only found this:
article

What do you guys think?

[ June 04, 2012, 13:26: Message edited by: Bob Frey ]
 
Posted by The Bigfoot on :
 
Lets see...

The company is two weeks old.

It has no assets to speak of, no revenues.

Shareholders have already assumed a negative value of at least $50,000 and the JV's the company has entered in to require at least 4.5 Million in expenses over the next 12 months.

If you really want to give your money away that badly I can suggest a few charities that would gratefully accept.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8593854
 
Posted by timot on :
 
Thanks Bigfoot,
Actually i bought few shares, not so many, but I like to gamble [Smile]
so far looking good: @ finance yahoo

Anyway, I can always sale it, right? [Smile]
 
Posted by T e x on :
 
no. once it tanks, you'll be stuck.
 
Posted by timot on :
 
Tex or anyone:
could you please explain is that a good info for investors: 50 Additional Acres of Prime Alluvial Diamond and Gold Mining Concessions in Sierra Leone
or bad... i read few discussion and still don't know
 
Posted by The Bigfoot on :
 
Timot...once again I will state...the company has no cash and they have no proven reserves with which to secure a loan. The only way they can live up to their obligations with their partner who has the leases is to dilute the hell out of the stock, and I doubt they will meet their obligation even then.

It is a poor mirror of CMKX...aka a diamond scam.
 
Posted by CAPTNEMOS on :
 
pump and dump.!!!!!!!!!!!
 


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