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Crazy thing is market cap here is only $15mill give this some time it will lose a 0 and we head into double digits.
Probably because most major players are still buying and locking away shares. This is not sell volume and some still continue to miss what is brewing here.
Based on what we know and have seen Melvin is not your typical otc ceo. CCIE with a business background and experience. He comes off as someone serious and in my years trading otc I have been on big runners but I have not seen this.
He owns VeeMost who is a Cisco Premier partner and announced in January they are going for Gold. There are few otc companies in cyber security let alone being a Cisco premier partner.
CDW is a gold partner from just the little dd I have done gold partners make anywhere from $50million to $40billion.
If that happens the sky here is the limit because the growth coming in here will be massive. If they get golf for them to have thesame or similar capabilities as these massive companies is damn near impressive.
Tell me another otc company that is profitable with this growth potential?
This is close to realization not pie in the sky promises. For them to be this close without diluting 1 single share and all we have seen is reductions speaks volume IMO.
My only regret is I wish I found this earlier but I will keep adding when I can.
This thing is a beast those are so pretty high rates.
With the share reduction just to get back to a 100mill cap this would have to hit .29.
Not sure I have seen a setup like this in my years trading otc.
They have been short since this started I have been pointing that out it's why it has been hard for many to get anything on dips. It's a Cat fight just to get filled.
It's a very rare situation here typically most companies would have bailed them out but not here with the CEO we have.
VERT now on L2 they are major short here and having a hard time covering. With the CEO we have it's going to be hard for them to get a lifeline.
The best part of GDVM is there are no bagholders or resistance on the chart.
If we continue to get beautiful execution here this will be a hard stock to slow down.
Still fighting to get a few more shares here before real catalyst drop.
My guess is its likely preferred. The fact the restricted has been cut down by this much means those shares are not going to be hitting the market or sold on the heads of retail which is a good move.
Taking them out of the equation alleviates that concern and it just seems like Melvin is taking a surgical approach to this not sure I have seen an otc CEO come in this quietly deliver and not pump.
Also a big reason companies don't like to drop restricted stock is per rule 144 insiders could sell 1% each quarter that will not be an issue here.
There is no other otc company that has done this in the last 3 months all we have seen has been dilution and share issuances across otc.
GDVM is a very very rare situation and so far it has damn near been a cat fight on L2 to get a decent position here.
VeeMost is now CISCO PREMIER if they get GOLD without diluting a single share will speak volume about this CEO and the type of company he is building here.
Level 2 looks like the battle of the TITANS. Dips here don't last long still waiting on CEO to outline his vision and bless us with some news.
The execution so far has been beyond anything I have seen so far in OTC.
A big part of that is ASCM is trapped here a lot of shares were shorted much lower. CEO owns all the debt zero dilution and shares were reduced drastically. This is something you rarely see in otc and why dips here are hard to come by.
Most of the time market makers can rely on companies diluting so they can get aggressive with retail but not here.
Not enough shares to go around dips are a premium here when the come and in my years trading otc this is probably a top 5 setup as far as the eye can see.
It's still early but the execution has been good so far.
Great point and from what I am seeing he seems like the hungry run through a wall type and not looking to sell shares. This is a breath of fresh air for otc. VeeMost might get GOLD and doing so without diluting a single share or even being public is a huge achievement.
GDVM just about cancelled 95% of the OS which is huge and from some of the research I have down less than 60 companies are GOLD partners and below are some revenue numbers.
The fact we are buying this at these cheap levels is remarkable for what is building here.
Amazing here is RSI is only 64 cooling on the way up lower now than when price was .02.
Got bids in for dips hope I get filled.
I have been nibbling a bit and waiting to add more if we get a good dip not much here.
I feel some fortunate I was able to add some but it is so hard and I can't watch this all trading day.
Something great is brewing here I have never seen this in my years trading.
NP CJ I think we got something special here not an easy one to get shares in.
I keep refreshing the cisco site daily if VeeMost gets gold this will be a rare rare otc stock given how far this company can go.
See the PR below a $4billion company on nasdaq just recently got gold. That just shows the level of growth prospects this can achieve in the coming years.
We just might be fortunate enough to be getting it at these prices.
https://www.prnewswire.com/news-releases/kyndryl-achieves-cisco-global-gold-integrator-certification-301616070.html
ASCM needs shares to cover they are under water here big time.
Added a few this am will add dips when I see them. Few can see and understand what is setting up here.
Problem is I am waiting for a good dip to add some more size. MMs keep shorting here many can't get enough size to build a sizeable position anytime it dips barely 1-3 people can grab those shares.
News can drop anyday.
Love the sector this is just an all around beautiful opportunity. If VeeMost comes in it will actually be one of the companies that I can say will get better each year.
People don't realize how difficult it is to get Cisco Gold. If you get it it legitimizes a company big time and this is something we have not seen in otc. The fact VeeMost might do this before going public officially is a great accomplishment.
Here is an example a $2.5B company just got gold.
https://www.prnewswire.com/news-releases/kyndryl-achieves-cisco-global-gold-integrator-certification-301616070.html
ASCM OTCX have a huge short position here and are having a hard time covering.
I kept of waiting for dips here missed .01s had to chase .016-.03 just to build a decent position. Dips are hard to buy here because you literally have to watch it all day and be top bid to get filled.
If CEO comes through with what most expect here all I can say is wow. but so far VeeMost is a Cisco Premier partner and the just recently got upgraded so gold is likely in the works.
CEO is a tech guy impressive resume and track record and based on what I have seen so far he is hungry.
Cisco Gold partnership needs "Minimum number of 16 Individuals" to be dedicated for project work??
This could be one of the reasons that VeeMost staffed up with engineers and placing them with customers.
Gold puts them in an exclusive club few companies have it and virtually each one is a massive winner.
This is what otc is built for companies like this with huge potential in an attractive sector and its not hard to scale up big in tech if you have the right horses.
My guess is we will get announcements when things are done
So far so good here I like the execution so far. Very rare opportunity right now been slowly building up my position.
Right now I am seeing a few things starting to line up perfectly here. We have not seen any news yet but based on recent changes its a matter of when.
ASCM and OTCX shorted this very heavily early on and are absolutely trapped. There is no dilution CEO owns 87% of the shares and bought out the remaining debt. About 600m shares by my count have been returned to the company which is good for longs. Dips here are getting bought and it has been difficult for many including me to fill anything let alone size.
None of the major catalyst have yet to hit including merger and VeeMost getting Gold which will be a huge one.
Best part of GDVM is there is zero overhang or historical resistance to fight here chart wise. This is as blue a blue sky breakout as you will find.
Good times ahead very rare to see this kind of setup in the otc.
So many angles here if Gold drops soon given the got upgraded to premier we are sitting even prettier.
Based on the description on otc markets looks like multiple companies might be coming in here.
Good to have a ceo that is focused on getting the job done once news starts hitting on this I don't think it will stop.
Good thing here there is no overhang or any historical resistance to fight when news comes should be a fun time for all.
Tells me the guy is a serious ceo and so far updates put out have been substantial. IMO those that can read forest here will do well.
He owns 2 companies VeeMost and $GDVM is pretty clean only a matter of time when news start dropping its going to be hard to get shares here.
This is a company when all is said and done that can easily go to nasdaq.
The reason am here is the potential for gold look at all the Gold companies and we are buying this at .02.
That is your starting point for any DD: https://www.cloudtango.net/cisco/usa/
Below are the gold requirements few companies have it by my count less than 65 in the U.S
Same ceo and so far he has cleaned up about 600m shares and signs point to Veemost coming in based on the description on otc markets. He already owns gdvm all he has to do is merge his company.
Also large buys someone lost some size and merger has not hit and who knows what surprises the CEO has.
RSI is now 55 down from 90 and still holding above .02 not bad.
Pretty much everyone knows what is coming you're not 2 years old if VeeMost gets gold it will be the only gold otc partner.
Few cyber security companies in otc in general I can count about 3-4
You can always sell tomorrow seems your asking for a pump amd dump. Any stock building for a long term sustained run needs to consolidate build a base then launch.
Longs will be rewarded if what we think will happen happens.
There is no resistance here blue sky chart I don't see what the rush is I hope we see a few dips I still need to add.
Got a bunch today will be on the bid for more tomorrow.
Cyber attacks being report at major US airports. Regardless of what is going on with the economy this is one sector that will remain hot.
Few otc companies in this space if Melvin with VeeMost gets gold the sky is the limit here.
https://abcnews.go.com/Technology/cyberattacks-reported-us-airports/story?id=91287965&cid=social_twitter_abcn
Seeing how OTCX and ASCM are jumping here so hard to buy any dips here. barely got filled today. Never seen this guys this short on a play.
Seeing how OTCX and ASCM are jumping here so hard to buy any dips here. barely got filled today.
Watch L2 for a day you will see what I am seeing. OTCX ASCM major short here and retail can't get dips to buy as well.
When news starts flowing this should be glorious.
What is going on here is not complicated even on a red day small pullback on light volume. As the say market is forward looking opportunities like this in otc come maybe once a year.
VeeMost already mentioned they are going for gold. They already got bumped up to Primer from select integrator and Gold is next.
Do some DD on the list of gold partners before and how much $$ and how good those companies are.
If gold happens and you can get this under .03 you are likely sitting on a what will be a massive company in a great sector.
Staffing requirements for gold are no joke either
I am taking my time to build my position here it's not an easy stock to buy shares in.
https://www.cloudtango.net/cisco/usa/
OTCX and ASCM. ASCM especially is notorious for showing up on runs they box both sides on the bid and ask and try to slowly whack the price down and induce sellers. They have been here since under .01 I got my buys late .015 to .02 it's been hard to buy shares anyone bidding here can confirm that. It's hard to see any block of sellers on the ask the small walls at .02 did not last very long.
My best guess is the shorted heavily early on and are having a hard time covering given there is no dilution and the float is small and everyone is looking for a good size dip to add big.
Just an interesting set of circumstances in addition to incoming merger and any other good surprises that get announced.
No clue really, but based on what I have seen so far I think it's just execute and announce news.
There have been a few surprises so far regarding debt and share reductions so who knows what else is in store.
I do refresh the cisco partner site daily to see if and when veemost gets gold which they announced earlier this year that should really get things kicking.
ASCM is working overtime today never seen an MM panic this much.