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Correction it is technically a corporate action but it still requires Finras approval
Don’t think a symbol change is a corporate action. A merger or acquisition is. A stock split or dividend is a corporate action.
Here is Finra obligations
https://www.finra.org/rules-guidance/rulebooks/finra-rules/6490
$GDVM Lawyers are working on finalizing merger paperwork with VeeMost and we will also be filing with finra to effect a name and symbol change. Still on track for end of year update.
— Melvin Ejiogu (@MelvinEjiogu) December 16, 2022
We don’t know for sure that it went out before that. He said we will be filing with Finra on 12/16 last year. We do know they said they applied at the latest 2/14
They said they applied on 2/14, take a look at the PR that day. Can take up to 6 months
How much you got now? Better be buying not just typing
Dude seriously?? Because someone bought at a higher price before they put they ask up.
Would be impressive if we break and hold 200ema without catalyst
Was moved from shell to shell risk on 3/9, check disclosures. As for getting shell risk removed I would think once name cusip change happens it comes off.
When a company receives a shell risk flag, it has the opportunity to provide evidence, including material changes in financial condition in publicly reported financial statements, to OTC Markets to request the removal of the flag.
https://securities-law-blog.com/2023/02/28/the-211-rules-and-shell-companies/
Also I would like to add that they did get rid of “shell” it went from shell -> shell risk
Don’t think it’s as important as you think. Yes it says “shell risk.” Yes there are unaudited financials on otcm. But you’re missing the part where they have customer experience specialization thought their partnership with Cisco. They had to pass an audit by Cisco to achieve that specialization. The otc markets website doesn’t have an audit but a reliable and credible source has audited them. If you know this “she’ll risk” doesn’t really matter and goes away whenever they decide to take it off.
Ya this volume is nothing compared to what it will be once Melvin lifts up Veemosts skirt a little so we can see what we’re working with
In the past week selling has dried up a lot and the ask is getting some good hits. We’re close but not quite there yet. Still think the soonest we can see some technicals change bullish are about 2ish weeks away if selling stays dried up.
Needs to break and hold that 200 weekly ema for next leg. Weekly MACD should cross then as well
Think it will be game on when weekly MACD crosses. If that happens with a catalyst on this acc/dist should be a good ride
Accumulation line still reaching all time highs as we consolidate here.
Cisco gold
Board of director additions
2 acquisitions
New Global communications partner
New Leading AI partner
Q2 financials in August
Finra name and cusip change
No dilution and RS with this management
In high demand industries: cloud services and cyber security. Add AI in there as well makes for some more fun. 20+ years in business already.
What more could a long term investor want here?
Yea open up a TD account then download TOS you have free L2, I highly recommend. Penny stock trades are not free there that’s why I use fidelity for trades where they are free.
TD Ameritrades Think or swim
Anything less than 10k won’t show on ask, it is too small. Wouldn’t think many pay for L2 I do not pay for L2. Is free on TOS. Then I use fidelity to buy and sell which has free trades.
Acc/dist line at all time highs. I see this bearish downtrend ending soon
A way to inform people that is the communication he’s using moving forward. That he will share updates when the time is right. I can’t know for sure why he isn’t using official PRs but it’s his company and his decision. At this point you either believe in him long term or if your complaining, then sell and move on cuz you clearly don’t know what you own.
For fuck sake please someone here sell me 02s I don’t care where this price goes in the short term. I’m in my 20s I can wait a very long time. I’m not here for quick cash. I’m here to watch Veemost grow to 10 figures and they 100% will.
Give him a break the company has been public only 4 months. They have been around for 20 years. A few months of crickets is nothing to worry about. They aren’t going out of business
They are already partners with Microsoft. Would think it’s a new company they don’t yet have on the list yet
Im sure he got spammed with messages on Twitter when it dropped. But let me get this right, you think he’s talking with a shareholder and running this stock higher to make money?
You think that was someone telling Melvin what to say? Or maybe it was Melvin telling his PR person what to type out.
When weekly macd crosses how much room to run does this give us? 25 cents 50cents, dollar?
Exactly, wouldn’t make sense to go this route if he didn’t know the requirements.
He spent a TON of money on the GDVM shell, acquiring it, share buy backs, filings, etc…
Just need to have patience and let him worry about the paperwork. Back to waiting for updates now
If it was impossible Melvin wouldn’t have chosen to go public in this way. I spent the last few hours reading up on the rule 6490. Looks like in the past all corporate actions were automatically approved by finra no matter what. Obviously this makes fraud more prevalent. There are certain rules now companies have to abide by to make sure everything’s in order before these corporate actions can be carried out.
Finra can deny the corporate actions(like symbol/CUSIP change) if they think there’s fraudulent activities, incomplete documentation or they aren’t up to date with reporting standards. This clearly isn’t a fraudulent company and they are up to date with reporting standards so all they need to do is complete the required documentation and send it through Finra. Someone feel free to correct me if I’m wrong or add to this.
If I’m remembering correctly I believe Veemost is launching their Veesheild product this quarter
Yeah no one knows exactly what’s keeping us here, silence, market makers, shorts, weak hands etc. But if you compare this chart with other big runners you see the same similarities in how the pps moves. It’s such an easy hold and accumulate. They’ve been in business 20+ years and they will be for another 20
We’ve been trading in this range for two months and have had 110mil volume in that time period. It’s not one person. Anyone with 18.4mil shares or more would show up on disclosures.
They will catch on eventually. No rush here. The longer it consolidates the better the run. Plus then I can keep buying more during this quiet period
We can trust the “unaudited fins” with Cisco already auditing this company. That is if you trust Cisco’s judgement. I do
Your comment on this is. Do explain if you can or quiet
Better believe it looks how much they shorted yesterday.
https://www.otcshortreport.com/company/GDVM
Keep in mind what looks like a large seller could be short positions being opened up
Looks thing but they’re hiding the true size as they have been for a while
38% of vol was short volume again yesterday. Another 826k shares short
https://www.otcshortreport.com/company/GDVM