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I don't want to "jinx" anything since it's still hurricane season, but we live on the beach and other than losing power for a couple hours, we're fine. Whole different story for so many others though. Very strange...
Thank you & Eagle1 too for the well wishes 🙏
SC coast (me), all good, upstate bad...
Thanks
When did Melvin decide to merge with the Texas company instead of aquire them? Could that be the reason for the delay?
"GO FUND YOURSELF". Sounds kinda familiar? Maybe it's a subliminal message from Rory to shareholders?
Sad but true. (Reminds me of a song?)
What about Warren Buffett's plan?
Buffett stated, “I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.” A comment made in 2011 but has been making the rounds on X (previously Twitter), feeling more relevant than ever in today’s inflation and debt filled economic climate — a climate which will be a major talking point in next years 2024 Presidential elections — and perhaps taking a few pointers from Mr. Buffett here will be the way to sway the polls.
He originally said: ...last week and this week combined I picked up over 6 million shares.
"Last week" had 4 trading days, 9/3 -- 9/6. "This week" had 1, 9/9. (plus about 1 hour today at time of the post)
Total volume (buys & sells) for the above 5 day period was about 2.2 million.
I already got called a dick for politely asking about the time frame so I'm sure this post won't be upsetting at all. But he updated the period to include 8/26 -- 8/30 so it's possible...
Ok, your apology for f'ing up when you originally said you bought over 6 million shares is accepted. Try not to make that mistake again and have a nice day 🙂
I assume you mean 2 weeks ago, last week, & today? The TOTAL volume last week plus today is about 1/3 of what you claim. In any event, 6 million is a lot of f'in shares!
Dude? Did you see the "lol"? Why so harsh? I'm holding for 8 YEARS! We're in the same boat (Titanic). Sorry I ruffled your feathers 🪶.
9 years? What a loser! My oldest buy/hold here will "only" be 8 years in 3 more days, so there!
Lol
Warren Buffett?
Technically, it's a "public company", that is run by Melvin. Now give the phone back to your mom, that's enough screen time for you today.
Thanks, I'm just glad a couple peeps chimed in with possible explanations 👍️
You're welcome.
Thank you, please do! But please keep the following in mind:
Melvin does NOT report "quarterly" numbers. He always provides "YTD" figures.
The report he just released is thru "June 30, 2024".
Compare this report, to the previous report thru "March 31, 2024".
ALL NUMBERS ARE IDENTICAL
So NET Revenue for Q2 was ZERO. (Yes, we knew revs would be shitty for reasons stated, but 0?)
NO CHANGE to A/R. So nobody paid a penny to VeeMost on what they owe?
NO CHANGE to A/P. So VeeMost didn't pay a penny to anyone for anything they owe?
NO CHANGE to cash on hand. OK, cool, right? But isn't there at least an electric bill?
WTF?
"No one cares". Obviously. Don't get me wrong, I'm happy the PPS is going up too, but based on zero reaction to completely unexplainable figures, it's also obvious that in lieu of reporting financial data, Melvin could simply post a large picture of a dump he took and people would say:
Looks like Melvin is eating well, those are very healthy looking stools
Appears Melvin is eating good fiber
Nice & firm, good quality bowel movement
Etc...
Guess I'm posting with invisible ink...
So, still not a single comment about the figures in the "YTD" Report? On Friday I posted that all the figures thru 3/31 are identical to 6/30. The balance sheet, cash flow, income statement... all the same.
So with NO change to A/R, that means VeeMost didn't receive a nickel that was owed to them from open invoices before 4/1, right? (We know there was zero revenue so that would at least explain why no "increase" to A/R)
Same with A/P & cash on hand. No bills what so ever, for anything? No change to cash on hand?
Am I missing something? Did anyone else look at the reports?
Regarding the "Year to Date" report released yesterday (remember, Melvin doesn't issue quarterly reports, which makes it more fun for shareholders to do their own calculations to get quarterly figures!), I also didn't expect much due to the reasons stated by many.
1) But we're ya'all expecting ZERO REVENUE for the entire quarter? Really? I don't recall a single post 🤔 suggesting there might be no revenue at all? Maybe I missed them?
2) l know the chart still says we're in a golden box cross thingy & we're all gonna be rich so I'll wait as long as the chart tells me to. But any thoughts on the numbers in this report compared to the March 31 report. Like EVERYTHING is identical! AR, AP, CASH, G&A. How is that possible? Are we sure Melvin isn't in Costa Rica?
Did I drink too much wine again?
Thoughts?
Good band name, never knew someone used it as one. I remember seeing it as a permanent sign behind the bar somewhere. Keep 'em coming back, right? I said it as an analogy for when the "good stuff" is coming here, "big stuff next quarter".
Cheers
Lol. Free Beer Tomorrow = Next Quarter
Anyone ever see this sign in a bar?
FREE BEER TOMORROW
No problem 😧
Dude! NO. The 20th would be the 6th day! A person has all day on the 5th day, the 19th in this example, to complete the report & upload it via OTCIQ.
👍️ let's see what tomorrow brings...
Like I already said, I care more about what's in the report, than when it's filed (within a couple days).
But since YOU asked, it doesn't bother you at all regarding the calculation of the due date? I mean it says "calendar days" right on the form he fills out! If it takes Juan 45 days to pick a truckload of apples, & then 5 days to pack them, how many....
No, wait, never mind...
NO! Read the NT (not timely) report.
From Melvin:
Anticipated Filing Date:
[Please be informed that the filing of this notification grants issuers 5 additional calendar days to post a Quarterly or Interim Report and 15 calendar days to post an Annual Report.] 08/21/2024
We go thru this EVERY time on this board a report is due but I can't help it. I'm a former systems analyst so I over analyze everything. It's OK that people miscalculate filing & extension dates because Melvin does it EVERY time.
But ya know what?
It just doesn't matter, I care more about what's "in" the filing too.
It just doesn't matter
It just doesn't matter
It just doesn't matter
It just doesn't matter
It just doesn't matter
It just doesn't matter
It just doesn't matter
It did. "Melvin"...
Weird. I thought the Yield went up immediately after the shell risk came off? But shell was removed on 4/22 & Yield started 5/2 so about 10 days later. Not sure how GDVM was ever "current" but Chemist's post proves there was indeed a tier change.
I stand corrected on that one!
That's a "trick question".
The following is straight from the OTCPinkGuidelines.doc which can be found by clicking IQ from the otcm site. This is where companies upload their reports.
I bolded points of interest.
Pink Limited Information Tier (yes, a "Tier")
Companies that do not meet the requirements of the Pink Current Information tier set forth above may still qualify for the Pink Limited Information Tier by meeting the following minimum disclosure requirements.
1. Annual Financial Statements: Publish one set of Qualifying Annual Financial Statements which cover the past 2 completed fiscal years, provided the most recently completed fiscal year is within the past 16 months.
2. Verified Profile: The Company must verify the Company Profile through OTCIQ, including, but not limited to, a complete list of officers, directors, and service providers; outstanding shares; a business description; contact information; and the name of all company insiders. “Company Insiders” shall include the beneficial owner of 10% or more of the outstanding units or shares of any class of any equity security of the issuer.
3. Ongoing Requirements: To qualify for Limited Information on an ongoing basis, companies must:
• Publish reports on the following schedule:
o Annual Financial Statements as outlined in Item 9 within 120 days of the fiscal year end. Should a change in FYE occur, no more than 16 months may elapse from the fiscal year end of the prior Annual Financial Statement.
• Review and Verify the Company’s profile information through OTCIQ at least once every 12 months.
• Maintain Transfer Agent Verified share data. If your transfer agent participates in the Transfer Agent Verified Shares Program, then your securities must have current share data verified by the transfer agent.
*
Do you see anything regarding "quarterly reports"? I Don't. Take a look at EVERY financial report Melvin has filed & you'll see on page 2 & 3 the exact stuff I posted just above.
Global Digital VeeMost
Unfortunately, unless someone "saved" the site data, it isn't easy to prove what you're saying. The Yield sign has been there longer than you claim.
You didn't get that information from the OTC Markets website, right? It's from "Investopedia". Google this: "This tier is used for companies with financial reporting issues, companies in bankruptcy or economic distress"
And the only hit is from Investopedia. I can't find this verbage anywhere on the OTCM site? If I'm wrong, please show me where.
Also, I'm not saying being a "limited information filer" using the "alternative reporting standard" is something to be proud of, but it is allowed and yes, if used, investors are warned via the yield sign that "limited info" is being reported.
The Yield Sign is there because $GDVM is a Limited Information Tier filer.
I posted more details regarding this a while back. See post #20821 if you care?
ALL Limited Information Tier companies have a Yield Sign (at least I couldn't find one that doesn't?)
Believe it or not, Melvin doesn't even need to file quarterly reports if he chooses not to! The NT filing doesn't matter either. That's why there are no ramifications when he mis-calculates the extended due date every time, like he did again last week. Nobody cares. $GDVM is 100% compliant with their listed Tier rules.
Thanks, try not to get mad the next time I spew sarcasm, I can't help it... You'd probably enjoy our "book club". A handful of us old dudes meet once per week at the local pub to drink & complain about basically everything. No books involved, but since the wife goes to many, I thought it was a good name for an excuse to go drink with buddies.
I predict we will hear from Melvin by the end of next week...