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Chuckie, your explanation seems reasonable, but couldn’t be more incorrect. The word, audit itself, dictionary definition is related directly, and only to financials. What you’re discussing and what you’re talking about is an evaluation or and or confirmation that company. employees can perform task’s dictated to the standards of Cisco.
Okay Chuckie, you could be correct, SEC, and Finra requires an auditing of the financials and assets of the company. What type of audit, which would be different than the SEC audit, are you suggesting for Cisco compliance? Please articulate.
Thinking that the RM related ticker symbol change as we all know is dependent upon the audit, with recent information shared on this board, appears as though Cisco Gold requires an audit as well. And I’m sure that Melvin is trying to satisfy both with the same audit and there in lies the delay. Would be a very big trading day if ticker symbol change AND Cisco, gold announcements were simultaneous. Fingers crossed.
Geeezus, how low can it go?
Quarterly reports are simply a review, the annual report IS the audit, the annual audit due on March 30, 2024. I one hundred percent disagree with your assertion that it is the annual audit that is related to the reverse merger. The reverse merger is in the process now of its own separate audit, which will be delivered sometime prior to end of year. Upon delivery of the RM audit, we will have a new, ticker symbol, and no longer be shell risk pink.
Yep, 7.5 months and still shell risk status, and no ticker symbol change. Melvin needs to perform. Tigerpumper
Drink koolaid, participate in the echo chamber of pumping, rinse and repeat…
The PPS will continue to go down until Melvin performs.
Related to the discussion of removal of pink sheet shell risk, the RM is never complete until financials are audited, and those audits delivered to the SEC and Finra for completion and consent.The moment that happens, no longer pink sheet or shell risk. But it doesn’t take 7 1/2 months to audit a company the size of veemost. there is incompetency somewhere in the chain of events, is it Melvin? Is it the auditor? Is it the SEC law firm? Or is it all of them? The person in charge of all this, his name is Melvin. The buck stops at his desk and he knows it.
PPS dropping like a rock, where are all those brave mouthy pumpers who brag about picking up cheap shares?
The pump machine here is infinite, as well as the Kool-Aid guzzling, it goes on and on without abatement.
No volume and the PPS, creeps higher, encouraging
You hire an SEC law firm for stuff like releasing quarterlies, releasing the K, counseling you on how to draft and release a press release, communicating with the SEC, etc… the SEC law firm would not be the one hiring the auditor, that would be Melvin. He should’ve been more careful and cautious about who he hired, obtained references, etc. this is all taking way way way too long. Maybe he doesn’t really care, I do know this, give a banker, extra time he will take it give an attorney extra time he will take it, give an accounting firm extra time they will always take all the time you give them. He should’ve put a timeline and expectations on that contract. Regardless, the buck stops at his desk, this delay is related directly to him.
Drink the Kool-Aid and all dream on. Melvin is a rookie, a guppy, naïve, and a dip shit. He is the one who hired the SEC law firm for guidance, he is the one who hired the auditor to audit the financials for veemost. Hey Melvin how is that consent from Finra and the SEC for the reverse merger coming along? He screwed up somewhere along the way, of course he doesn’t want to admit that, and keeping that swept under the rug. But ultimately the buck stops on his desk. And so here we are, underneath four cents per share. The man needs to own it, the man needs to own his decisions and his screwup’s. Then we move forward…
Prefer to remain anonymous and not to identify it, but yes, it was
Was a BOD member of a pubco, we RM into a shell, SEC law firm assisted, SEC & Finra would not recognize or consent to the RM without an audit. Our audit took only 3 months…
Very simple, I’ve been part of a reverse merger. In the past, you can reverse merge in the state in which are incorporated, but Finra and the SEC will not allow you to reverse merge and change the trading symbol without providing an audit, the financials of both companies must be audited and especially the assets to be audited in order for Finra and the SEC to approve and consent to their component of the reverse merger.
That is the hold up on the ticker symbol change, Finra and the SEC need to see the audit before consent…
Yeah, people getting sick and tired of Melvins BS, hey Melvin, it’s been seven months since the RM, how much more time do you really need for the audit to be completed? You’re the one who hired the auditing firm, own it Melvin.
Big letter release on Friday, infinite blue sky, and this morning spread is .043-.045
Nothing Burger, blue sky never sells anything.
In concurrence, I agree, one day this will be a gold mine. In the meantime, we have to suffer through boneheaded mistakes and amateurish chess moves by a CEO who has no idea what he’s doing.
Incorrect, I have done this before, it’s all about the audit. The holdup on the ticker symbol change is the delivery or non-delivery of the audit of veemost. And by the way, who hires that auditor? I believe that to be Melvin himself. Of course, he’s not the god that everyone here believes that he is, not even close. But nice guy. I’m sure.
Yep, looks like someone is trying to sell some blue sky here. Plus, you’ve had nearly 7 months to get the ticker symbol changed, how much more time do you really need? Never takes this long unless you’re inept and or know not what you’re doing.
You are correct, it is the K not the Q, quarterlies are reviews annual K is an audit requiring a longer period of time.
The post was relative to Melvin’s letter dip ship,
“we forecast significant growth aligned with product development and launch by Q4 2023”
Any significant financial gain related to this announcement won’t be seen or known until February 15, 2024. and of course that’s an estimate, because Melvin is NEVER on time with the release of his quarterlies. Too many dumb arses guzzling the Kool-Aid here in the Echo chamber of pumping now to include you.
It’s true, Q number four begins in a few weeks, but results of the quarter are not released until February 15, 2024. And given Melvins habit of not delivering on time, there will most likely be an extension for a couple of weeks beyond that.
Blah blah something might happen in the next six months, blah blah blah…
$75 million projected, but as of June 30, halfway through the year only $5 million in gross sales. Something stinky here… maybe that additional $70 million might show up in about five years ?!?!?!
Good work, Melvin, please, please please stay silent for much longer, there are many of us who would like to pick up more cheap shares, the longer you remain silent the lower the PPS goes. We love your silence inactivity and naïveté. we love that you know nothing of what you’re doing. We love that you hired an inept auditing firm for Finra and the SEC. All giving us much more time to pick up cheap shares.
I am long in the stock, at the same time I called them as I see them. Our CEO is an amateur. He’s a guppy, and he lacks the tools he needs to be the type of CEO that the shareholders would want to have in their corner. And yes, I do have some dry powder arriving in mid to late September, and would be increasing my position. Happy to prove that I possess more than 2 million shares to anyone who cares.
Mr. crude oil, explain to us all please how one posts a screenshot here on hub? I will gladly share that screenshot with anyone who would like to see it.
Not trying to scare anyone out of their shares, Melvin is doing a great job with that on his own through non-communication, amateurs decisions like releasing a positive Q on a Friday night late, instead of Monday mid morning. Plus any reverse merger into a shell, the shell has no assets, the audit required is the entity that possesses the assets, which is veemost technologies. Who orders that audit? Of course Melvin does. Audits are lengthy and expensive, if he really cared about the shareholders, he would be riding their asses to get that audit to the SEC and finra 3-4 months ago.
Way too many Kool-Aid drinkers here, listening to, and believing each other’s BS. Not at all objective people. Simply blindly following.
I’m hearing some rumblings about Melvin releasing a positive PR. and pray that he’s learned his lesson, releasing a positive Q late on a Friday night and having it be a nothing burger Monday morning. Had he released that same PR mid morning Monday there would have been a run. Sadly, history does often repeat itself.
100% concur, I am long, but the guy is a severe amateur. Not whining, or complaining, also not a Kool-Aid drinker here, like most, this guy needs to be called on his crap all day long every day.
Have a huge pile of dry powder coming in late Sept, fingers crossed for $.035 again. Picked up a ton in June $.0362
It’s okay Melvin, stay quiet for a while plz…
It was $75 million worth of contracts in 2023, no deferring work, the statement was clear
Yep, Melvin also stated $75mm in revenue
?????
Melvin, used to be called on his crap, every day, all day long until he behaves like a normal CEO.