is...playing golf most afternoons, except summer in Florida!! Then I'm in the gym most days!
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Update is not good, where will the bottom be? Melvin blew it. Nothing accomplished except more blubbering about what's coming. Another 6-12 months of holding IMO.
Thanks U, I copied and pasted it here.
2023 END OF QUARTER SHAREHOLDER UPDATE
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2023 End of Quarter Shareholder Update
2023 End of Quarter Shareholder Update
Post By Admin
on November 30, 2023
Red Bank, NJ, November 30, 2023 — VeeMost Technologies, Inc. formerly, Global Developments Holdings, Inc. (OTC: GDVM), a publicly listed innovative cloud/cybersecurity global solutions and digital transformation services provider with locations in the United States, India, and West Africa, recently posted its third quarter financials on the OTC. With the quarterly report for the period ending 9-30-2023 posted, the company would like to inform shareholders of upcoming expected activities in 2024.
The quarter’s reported income was $835,330.80, a significant decrease from the previous quarter’s $2,383,911.80. The company attributed this decrease to the nature of the technology industry’s purchasing cycles.
For the quarter, the company also recorded a net income loss of $16,368.36 as a result of the decrease in income, a bad debt not collected on, and an increase in contracted labor costs.
Despite these numbers, VeeMost is confident in the company’s future as we have some exciting things coming in 2024.
2024 FORECAST
At present, a significant portion of our revenue comes from the sale of hardware and software licenses and subscriptions. We have mostly relied on manual processes to take orders and fulfill them. Therefore, we are currently working on building an online technology store as a means of streamlining this process and boosting our bottom line. Through this online platform, we will be able to easily display products from our vendors, checking their inventory and stock automatically. Using this platform, we will be able to receive orders and payments from customers, place these orders with our vendors, and track their delivery, all with minimum human intervention. There will be no need for us to maintain inventory. This platform, powered by artificial intelligence, will enhance the user experience, increase efficiency, reduce human error, and increase profitability.
Once the platform is launched, we will enhance marketing efforts to create awareness and encourage existing and potential customers to use it for ordering hardware, software, and licenses. This system is built for growth and can handle thousands of orders a day. It is anticipated that this platform will eventually compete with industry leaders such as CDW and others. We anticipate the launch of this online webstore by the end of Q1 2024.
Update on Cisco Gold Certification
Our final internal review of the Cisco gold partnership revealed that achieving this partnership level is not something that can be accomplished without the necessary automation to handle the workload that is sure to accompany it. Therefore, we set a goal to ensure we have the people, processes, and tools needed to leverage this partner status successfully. Our target date for completing the Cisco gold partnership process is Q3 2024.
Name, Ticker Symbol and CUSIP change
In spite of being approved for a new CUSIP, our initial application to apply it to this stock was denied. Even though we disagree with the reasons for the denial, we will continue to explore this option as we believe it may be necessary to stabilize the stock price. We will keep our shareholders updated on the outcome of this once the status changes.
Minority Status:
As part of the process to receive minority MBE status, the company name was changed to VeeMost Technologies Inc. It should give us an advantage in a few industries, especially in government contracting and large enterprises that promote diversity. Our goal is to complete this status for all states we are registered in by the end of Q1 2024.
Erate
Our expansion into the erate space in 2023 was successful, and we won a number of contracts. In 2024, we anticipate an increase of 20-40% in the number of erate contracts awarded.
Marketing
We plan to significantly increase our marketing efforts by 2024 in order to increase our sales pipeline. Having all automation tools ready will enable us to close more deals and ensure that our customers are satisfied.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company’s control.
Most of the time when reading filings in the OTC you look for convertible debt, or any kind of debt vs revenue, along with shares issued and outstanding. There is no issue with GDVM and debt, and there is no issue with R vs Margin. What is an issue is the lack of follow through. I'll leave it at that because I've always felt Melvin deserved the benefit of the doubt. Let's see if the Cert's are renewed, and CISCO Gold is achieved. That's now on the agenda for the next Q, as Melvin stated. I always believe what people say until actions dictate otherwise. Probably a character flaw. Let's see what Melvin does. GLTA!
TY, Very good post. Agree 100%!!!
Look, you invest as you see fit. I or anyone has no issue with that. You bring another person into the fact that the PPS has fallen drastically and insinuate that he is involved with a pump and dump, then we've got a problem. I'm convinced JK is still long on this Name, there is another poster here that communicates with JK that is convinced that JK is long on this Name. I'm not ignorant or naive. I have an MBA, and can read filings, and have been retired since I was 45 (64 now). GLTY!!!
It's time!
Couldn't care less what "miss Blubber" does she is the most despicable character I've ever run across at IHUB. I think the PPS will still be ok and rise significantly despite Miss Blubber!
That is just a cop out in my opinion. John Kent disappearing means nothing to me, and never has regarding my investment here. How about lets talk about Melvin and his disappearing act!
The PPS is manipulated from open till close here every day. This is my opinion, if a Name has no dilution, MM's make it their goal to manipulate it down daily. That is the algo they put on us months ago. It's easy to see from first trade till last trade daily. I still believe in this Name, but I think at this point Melvin may need to step up to make an impact on PPS, and to turn it around. It doesn't matter that the Co. has profits and has no debt. What matters is that there is no communication of anything. I was a believer in no communication because that's what Melvin wanted for us as stated in a tweet. I was fine with that as long as Q's were nice and substantiated the $75M in contractual backlog (probably not the right verbiage). But that has not been the case. I've invested more in this Name than any other Name including big boards (and I trade big boards often) so I did my DD. At this point I do think Melvin owes us an explanation (color) on the last Q. Will I sell if he doesn't, no! But i think it's time!! GLTA
$BEGI$
LOL. How about doing your own DD!!! Sick of the JK led us here only for us to lose money! In all likelihood he is down many $$ as well. Many of you on this board are pathetic whiners. How about taking responsibility for your own decisions!!! Ridiculous!!!
Great bid support here. Every time i look there is 300-900k shares on bid. If that continues, PPS will rise quickly!!
$BEGI$
I hear ya, very cold here as well in Central FL, 57 degrees....brrrr. I grew up in MI. so I feel your pain!!!!
More V today than yesterday. Means weak hands selling into stronger hands.
$BEGI$
Please keep saying that!!!! What was the P when you said it last?
Watching the trading with this Name, there is no doubt it’s manipulated. Does not trade organically. First trade today was 2000 shares to take P down. No one in their right mind would make a sell for 2000 shares to open trading for the day.
Still vastly undervalued by any metric. They are profitable. I think after this Q we need some clarity from a PR. It was nowhere near near what was expected, if I'm reading it right. I'm hoping they come out with a revision. Not even a million in R? Need some clarity Melvin!
Hmmmm, "patients". Here is your last post on 11/9, when the PPS closed at $0066.
youtoo
Re: None
Thursday, November 09, 2023 3:25:43 PM
Post#
2319
of 3185
Buy now, sorry later or stuck?
Which one, by the way they have $19,000 cash and $800,000 debt occurred to the financial report.
Please post more often, PPS seems to think exactly the opposite of what you post!
"BEGI"
Bid support is great with big bids!!! But if your buying small amounts please don't bid below the ask, does nothing but hurt the run!!! Good grief!!!
"BEGI"
So, after going back through the Q, I have questions! This is a Q, right? Here is what the report is labeled as.
"Quarterly Report
For the period ending September 30, 2023 (the “Reporting Period”)"
Now on the report
GLOBAL DEVELOPMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
For the Nine Months Ended
September 30,"
I'm confused, why is the Q cumulative. Can't recall seeing that before. I'm disappointed. First time through i just assumed the numbers were for the Q, after reading posts here I re-checked. Sorry if I misled anyone. Not my intent.
So the first 2 Q's ( I know the first q was not a full q) had a total combined R of $5.1m, and this q had $5.9M and GM of 27%). Ho hum, it's just Melvin being Melvin. PPS has absolutely zero correlation to any logical valuation!
Looks like the powers that be with this Name have decided the day will be down!!! Trading at a little above 2 pennies, and there is no debt, and plenty of profit, yet here we sit, wayyyyy undervalued for even the stingiest of valuations. Must be those Legacy folks who want their holdings to be undervalued....yeah sure!!!
To the person that sent me private message. I'm now a free account, but my stance is that OTC markets and MM's are playing GDVM. There is no way it's legacy imo. GLTA!
I don’t understand the logic. I own legacy shares in another Name that has taken off lately. The last thing I want to do is sell on the bid day after day week after week to keep the PPS down. I want the PPS to rise and then I’ll consider selling at an acceptable valuation for me. I have a very good idea what’s going on here, and it has nothing to do with legacy investors. Long’s time will come IMO.
Easy to see what’s going on here!!!
Todays V so far a little over 520k. 10 day avg V is 2.1 M. This is simple MM’s shaking the tree. Do T think for a minute that they don’t know the A/D line. Retail is not selling here. Sure there is bid sitting, but that just plays into MM’s hands, and many folks dont care as long as they get an extra tick lower to buy their 10,000 shares. V will increase when it does, but obviously that’s what has to happen!!! Then this could run nicely with sustained V!
Calling a post dumb is not picking a fight? Ok then, you stay in your corner I’ll stay in mine!! I stand by my post. I’ll buy dips into the .01’s or lower with this Name. Strong fundamentals and a good share structure make a difference.
Oh good grief. Do your own DD.
When there is a stock that has strong fundamentals, investors love to buy the dips. Call it dumb, if you like, but what I call dumb is talking out of both sides of your mouth, loving a Name when it goes up and hating on it when it goes down. Make up your mind!!!
I would have zero problem this going into the ones, this is simple stuff! Fundamentals are rock solid. Once Cisco Gold is done, revenues will increase. I don’t care what the ding bats that wake up on the wrong side of the bed every morning say. Cisco Gold is Name recognition and Cisco runs a lot of their business through their Gold certified providers. That is very clear and simple to understand.
So let me get this straight! You created an i hub account that indicates you think this Name will go to $1.00. Now the Name stinks because you say so when nothing has changed in the fundamentals? Melvin was clear that PR’s and communication would commence once the Cusip change was complete. He has followed through on that. He gave us an update a little while ago but there was nothing material, just an update that Cisco Gold is expected soon, and revenues are expected to increase, and Cusip change is still in the works. So now you’re bearish? It seems to me you’re the one that has stench associated with you!!!
By what metrics? You are very low. Laughable in fact. 035??? Good grief!!
Nice to see old friends showing up on this One!! Fundamentals Watson!!! Nothing the dingbats say will ever convince me to sell one share. I was actually hoping for .01's. I did place a bid, but only for bid support (totally different than buying on bid), but it was never hit. the next thing I know bid is rising, and ask is not being held down!!! Nice trading today.
3-1 buys vs sells PPS down 4%...nothing to see here...lol!!!
So it’s shameful to disagree with you? Laughable. It’s posters like you that is shameful that speak out of both sides of your mouth!
This whiny nonsense about Melvin not communicating is complete idiocy!!! He was very clear months ago that he would not be communicating until necessary. It’s my belief his legal council gave him this advice. He made a blunder in a Twitter post, and that was it. He’s gonna let official PR’s and Q’s do the talking. Whiners need to Grow a pair and be patient. I’m down on paper with this Name, but let’s talk after 12 months of CISCO gold certification. Let’s remember whiners that CISCO runs 90+ percent of business through there Partners. And being a Gold Partner is the top of CISCO certification. You idiots never cease to amaze me. You wake up whining about weather every day? Ridiculous!!! Maybe go outside and smell the roses once in awhile, or try smiling occasionally!! .
Yeah, they have something to do with the financials, but not all about them. CISCO Gold requires NSF audit.
The NSF audit process offers several benefits, including:
Compliance: NSF audits ensure that programs, operations, and financial performance meet the standards set by the National Science Foundation1. By identifying areas for improvement, these audits help organizations maintain compliance with NSF requirements.
Quality Assurance: NSF audits help maintain the quality and integrity of NSF-funded projects1. By conducting regular assessments, NSF can ensure that projects are executed effectively and efficiently.
Prevention of Wrongdoing: NSF audits play a crucial role in detecting and preventing fraud, waste, and abuse within NSF or by individuals who receive NSF funding1. These audits help maintain transparency and accountability in the use of funds.
Research Misconduct: NSF audits also help identify and resolve cases of research misconduct1. By promoting integrity in research, these audits contribute to the credibility of scientific findings.
For more information about NSF audits, you can visit the official NSF website2.
Um yeah. That's correct. As far as your assertion that the RM will have a separate audit, I agree. My assertion is that CISCO Gold requires an audit, and that will be the catalyst, if, and only if it comes before the annual or RM audit. All RM's require an audit, that are worth their weight in anything, that goes without saying for a CO such as GDVM(even in the OTC pink world), Let's remember that Melvin in his last PR stated that CISCO Gold is in the works and expected in Q4, not after, but in.
Um
"GDVM"
"GDVM"
Yep! Volume is key, and a catalyst (or 3-4) is on the horizon, at a minimum CISCO Gold.
"GDVM"