Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
Float here is small about 600m got retired and new ceo bought out all the debt. With no dilution they will have a hard time to cover.
It appears a lot of shares where shorted heavily when initial volume came.
probably top 5 in my 8 years trading otc. Market makers are absolutely trapped and many are still waiting for dips to get in. They have been shorting heavily since under a penny.
For those wondering here are the requirements to get cisco gold which VeeMost is close to getting and mentioned last go around they were seeking. Now premier next level is gold.
This is about a legit company as I have seen merging into otc we are probably sitting on the ground floor of something big here.
Slapped a few when I saw some size on the ask.
Getting shares here is like getting wrestling a mountain lion I have never had to work this hard to build a position.
Sure do Eagle this time we got a legit company coming in who has a cisco premier partnership and Gold is next.
I agree CJ, quite refreshing to see a real CEO executing like we are seeing this was clean company and cleaned it up some more before the merger.
He owns a legit cyber security company with everything going on around the world right that that is a hot sector to be in.
Another thing I am seeing is MMs here look trapped ASCM has not been able to push this down for weeks. I waited days could not get a dip chased a few above .015 but I will keep nibbling on some here till I build a nice stash.
Opportunities like this rarely come in otc a CEO cleaning up a good company before his goes in there.
I agree I am going to research every gold partner on this list to get an idea of what we are sitting on when that happens.
I don't see a turd in that list not one when we join them this will be as good as an otc stock as I have seen.
https://www.cloudtango.net/cisco/usa/
Recently went from select to premier progress is being made and this is a great sector.
??Cisco Premier Partner working on becoming Gold
??Cybersecurity is and always will be a hot and lucrative sector
Great news and he owns all the debt. Looks ready for his cyber security company to come in here.
Going to take my time and build a position here, it's not an easy one to get a bunch of shares in.
Looks like we are sitting on a monster here still trying to build a nice position but it's not an easy one to buy shares in.
CEO is prepping this one nicely for a merger
$GDVM majority control acquired and all outstanding debt purchased. I also purchased 12% of outstanding shares and returned them to the treasury. No dilution will occur. I’ll be sharing updates soon with everyone on our new journey.
— Melvin Ejiogu (@MelvinEjiogu) September 21, 2022
Hope CJ I do think OTC will do better than any exchange going forward even with all the craziness.
Possible looks like VeeMost already moved up 1 tier to Premier only thing left is gold.
My best guess is that will probably be the reason why their CEO will go through this much trouble to comeback.
If VeeMost gets gold puts them in an exclusive club with companies like WWT and CDW except we might get to buy a gold company around .015 here.
https://www.cloudtango.net/cisco/usa/
Took a starter here today
$GDVM Took a 1mill starter slapped above the ask will grab dips if I see them. pic.twitter.com/NkTd7sZRrm
— John Kent (@KentsBrokerage) September 15, 2022
Nice 8k.
You got one of the strongest hands in otc. Solid tech companies here always do well some take longer but the run always comes.
Nice news.
It appears Caywood did some shady stuff discovery will be interesting regarding Hovendick. There is still a question about his shares and claims being valid. Any resolution to that will have to involve Caywood if I were to take a guess.
This was a really selfish act by Hovendick he knew the results of his actions and still continued
That's going to be a hard one. Frank is a court appointed custodian he brought the company current got a merger and Hovendick a serial filer who has sued jpex and tb3 old ceo in the past sued to block the merger.
Bone headed move by the judge to grant the injunction not considering shareholders will take a bath if merger failed.
Whats even worse is cyber security is hot now we could have used this now.
Thanks to Hovendick nothing is happening here.
Very odd that a shareholder will inflict harm on himself and others but he did it
I took a hit the day hovendick sued this has nothing to do with the incoming company or the shell jpex. The point of companies merging is to get into a clean shell with no debt. Here you have a supposed shareholder suing for money and if this was going to be settled it would have been done by now.
Why would VeeMost continue here just to have hovendick dump 175 million shares and still want to get paid when the old company never made any money?
Some people got to be realistic but this is just how I see it.
Good luck to all not here to bash but this whole situation is a mess
Anyone still buying here is high risk. Hovendick has made a mess of everything I doubt any company will continue so they can get sued by him.
Blocking the merger right when termination was filed was a bone headed move
Hovendick, Caywood, Scorpex, and $JPEX issue. Claimed amount is $327,305 + interest. Bulk of the claim came from previous CEO, Mr. Caywood's claim against JPX. Everything relates back to Scorpex acquisition. Else, Hovendick wants the court to block the merger. pic.twitter.com/eKodPJ3rBk
— Opportunity Zones Capital, LLC (@opportunityzon) March 2, 2022
Hovendick is quote on quote an old shareholder and is in the filings if you look him up. Last minute stunt to hijack the process and cash grab but no clue how this ends.
He could very well end up with nothing not sure if he thought this through.
If this merger fails this one is on Hovendick. I read the sec filings I don't get how he claims as a shareholder to block any decisions when he supposedly was not a controlling officer.
How the judge granted this is beyond me
Holding shares is relative this happens a lot in otc insiders issue shares to themselves and buddies for bogus acquisitions. My guess is if he truly invested what he claimed why would he let jpex go dark and lose ownership via custodianship?
Seems like a last minute cash grab
You might be right let's hope so
Yeah Hovendick comes out of the woods and wants to blow this deal screwing every shareholder out there
The level of scrutiny here is unreal. Incoming company is in a great high growth sector which is rare for an otc company. Cisco partner and others as well. Company is not diluting yet so many hate it.
I am actually looking forward to the ceo doing an interview which I hope is soon they already announced cisco gold is coming up and acquisitions.
Battle lines are drawn and fine with nay sayers keeping the pps down. If this does what I think it will I blow all of them a dirty kiss.
People let themselves get played stick to the facts it will help a lot
shhh let them keep spreading fear it only benefits longs in the long run. If VeeMost is what we all think it will be then it will pay off
It takes 5mins to see the company is a cisco partner and is registered in Jersey. If you panic because someone is posting in accurate info that is a you problem. I have been doing this in otc for a long time if I like a company and there is no dilution I won't complain about cheap shares.
It only takes 1 solid catalyst to hit to ignite this or any stock. Right now otc looks like dog piss everything is tanking.
Hilarious thing here is the ceo is a ccie tech guy has a biz background obviously ran the company part time and profitable since 2012. Now on board full time in a growing sector its not like this is crypto nft or mj and people make up all kind of stuff.
Last I checked majority of tech ceos workers are from India Asia and Africa don't ask me why that is the case.
Fortunes are made in otc being patient if you think this goes big in the next few months you have to love these prices a d want it lower to lock up.
I will never complain about buying something I like cheap. I worked in tech for 18 years am familiar with the field. This one will do well in the long run once the bs settles
GOFF had former ceo file to try to get his shares. Hovendick is a dick just trying to get paid.
Now could there have been something to the timing who knows.
When sharks see blood in the water who knows this gave everyone that hates the ticker ammunition to pounce.
Those pro jpex should have known better and fed into the panic