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Shell Risk no longer there after more than a year is indeed good. An update from Melvin would be gooder. Q3 Shareholder Letter was issued on Nov 30th, 11 days after the Q. I therefore predict there will be an update this week. The voices are telling me Friday, April 26th...
I agree with you that Melvin doesn't give a fuk about shareholders, great way to "build" a "public" company.
"Demanding things?" Basic communication is required when Q2 to Q4 revenue drops 90%.
You really think this stock can handle sell baby sell?
Yes, he last mentioned an acquisition on Feb 26, and that's fine. And agree with the positives you posted. My point however is the drop in revenue is significant and he shouldn't leave shareholders guessing for another couple weeks. That's it.
Oh, I know, but I got blasted here for mentioning it. Been there for over a year. Melvin basically said "I asked to have it removed, and disagree with the reason it was denied, I'll keep you posted".
Ya know what really sucks? (Other than the total collapse of revenue) Melvin has known for MONTHS about the revenue. Where the F is he? I know he usually releases a shareholder letter sometime after the Q. Q3 letter was November 30th.
Are shareholders supposed to just chill and wait more than a week now? (I know the other choice) A letter should have been released WITH the annual. Instead, everyone is left speculating and making excuses.
Let's blame climate change, no wait, it's due to covid! But here's my conspiracy theory:
Maybe Melvin had an affair with a porn star and he embezzled millions to pay him off?
Now you did it, we're not allowed to talk about the "shell risk"...
I was actually typing something similar regarding Q1. You beat me to it...
I started thinking about the shareholder letter immediately after I saw Q4 revenue. It will be important what he shares with us. He said Q3 was down due to "technology industry purchasing cycles". Maybe some of that applies to Q4 as well? Unfortunately, we don't have the luxury of reviewing prior year(s) Q's before going public.
Q1 is already in the books and the figures will be known in about 5 weeks so the picture should become much clearer rather soon.
$GDVM
Check the chart
Yep. It was your post & a follow up by "Anvil" that prompted me to look into it. The key is the OTC Alternative Reporting Standard. I think this is the link:
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.otcmarkets.com/financialReportViewer%3Fsymbol%3DSDRC%26id%3D229396&ved=2ahUKEwi8kJn6gL6FAxWiM1kFHTPkAXcQFnoECEoQAQ&usg=AOvVaw03Lav1JuS8kjTQ9CxGQeJ2
Cheers
This was briefly covered here about a week ago. $GDVM (note $ sign Urocka!) is an "OTC Alternative Filer", NOT an SEC filer. This means it's 90 calendar days, plus the extension of 15 calendar days. Therefore, the annual report is indeed due on Sunday, April 14th and the "Annual Report", not a 10K, can be uploaded & posted thru OTC on Sunday.
Also note, an audit is NOT required for alternative filers. I'm not saying there won't be an audit, but we shouldn't be expecting one. I'm also somewhat confident it won't be an issue "if" the report arrives on Monday the 15th.
Yes, I also predict something magical will happen within 24 hours. Like for a brief moment in time, the sky will go dark during daylight hours. The charts clearly show this. It will appear as though the moon will block the sun. The climate will chill, crickets will chirp, Melvin will remain silent.
Chuck has spoken...
That would include the 850 million share reduction, right? If it weren't for "pointless drivel", there'd be nothing to talk about. By the way, what's your favorite recipe?
Moderator, can we plz get rid of the stickies from last year and especially the ones that are over a year old. Get on ur job plz !!!
Rory the "word smith".
*
al·le·vi·ate
verb <-- (how ironic! It's a "verb")
past tense: alleviated; past participle: alleviated
make (suffering, deficiency, or a problem) less severe.
"he couldn't prevent her pain, only alleviate it"
*
Kind of like when someone is dying from cancer and in excruciating pain:
The doctor prescribed fentanyl to alleviate the pain...
Or
...management has alleviated substantial doubt about the Company’s ability to continue as a going concern.
Exactly. "2023" This confirms Melvin has created an AI time travel app!
I guess nobody else caught the date Melvin intends to file the annual?
Simple Riddle: Why does Melvin always file an extension?
Answer: Because he can.
I'm thinking the same. I believe the big catalyst will be the release of the "Time Travel App". If you look closely at the late notice report, the "hint" will be right there.
I stand corrected.
I agree, thanks again.
Thanks for that. I don't think I've ever seen a Q or Annual filed on a weekend or holiday? Are you saying if an alternative filer uploaded a report thru OTCIQ on a Saturday, we would see it on OTC Markets?
Leap year makes due date March 30th, Saturday, so bumped to Monday, April 1st... April Fools Day!
Not correct. Reports can not be filed on weekends or holidays. Since the due date of March 30th is a Saturday, it gets moved to Monday April 1st. Therefore, "if" an extension is filed, the due date becomes Monday April 15th.
I've said more than once I don't hold millions of shares like you & others claim to, and if ya'all do, that's fine. But money is money and the amount, small or large, is relevant to the individual.
Also, in case you didn't notice, I haven't made a negative post since my last beat-down weeks ago. I now know that only happy, shiny, positive, xanax posts are permitted on this board. There was nothing negative about GDVM in tonight's post either. I was simply breaking your balls regarding your silly "chart analysis" and based on the level of name-calling and anger your expressing, maybe "you" need help?
Anyway, the excerpt below is from my wife's Roth account thru Schwab. The "price" shown (PPS) is today's closing price. I started close to .06 cents pps.
Now get some rest.
Lol. I still have all my shares and I don't care that we're not above .03, yet. I don't expect much until some of the things we've all been expecting start to come to fruition. Hopefully this starts with the annual report.
You're the knucklehead who made the adament prediction based on a "chart signal", and then instantly snapped into a tough-guy bully when other peeps suggested to chill a bit, just like you snapped tonight!
Where's your confession "you" f'ed up & was wrong?
Lighten up
Who cares, we're above .03 now! There's NO stopping us!
Wasn't even thinking about "April 1st"! Could be a "fun day"...
PS I've been to an incredible number of concerts and yes, I'm still rocking!
Leap year so "day 90" is March 30, a Saturday. Do due date is Monday, April 1st. "If" an extension is filed, then Monday April 15th.
This is the one question I asked my accountant 20+ years ago before I hired him:
What is the sum of 2 + 2?
His answer:
.
.
.
.
"Whatever you want it to be"
OTC = 6.95
Schwab (from buying out TDA), but I haven't been trading it...
C'mon, I replied with a thumbs up 👍.
(And my last attempt at humor was political and we know how that went so I'll try to refrain from humor too)
Geeze, Sorry it bothers you that I have yet to sell any shares, & my pps is still above where we're trading. And the "sarcastic" post you replied to was for someone who posted only hate, i.e. silly name-calling. I tried to say earlier today I'll shut up & play along but people keep poking me. What would you do?
I've been on iHub for 10 years and have never experienced a board anything like this one...
PS Have a nice day
This is a really meaningful, useful, & well thought post too. So I'll reply with something to match your intelligence:
I'm rubber, you're glue, whatever you say bounces off of me and sticks to you.
I never intended & didn't think I was ripping on the company but since you & some others took it that way I'll need to accept it & drop it. Shutting up now, thanks.
Thanks for taking the time to make a thought out, detailed post. I don't want to dwell on this since it obviously annoys people so I'll just say I disagree with the significance of the "you know what risk", & I AM NOT saying it should be there. I do believe that it is holding back the stock's performance and will be very happy when it's gone.
Thanks for re-re-iterating what I said, in case you didn't understand:
No longer "seeking a merger", but "merged". Right? Like a year ago. WTF am I missing? So you're saying the shell risk risk will come OFF tomorrow & the stupid ticker will change too, right? Keep it up & I will too.
I'm sorry you interpreted my comment as ripping the company and I did NOT say or imply GDVM is a "shell". My bad if I wasn't clear but I can't help being honest. I simply "tried" to say the following:
1) The company profile/description has not changed. They updated 1 thing to say "they have merged", from "seeking a merger". The primary objective remains the same, which is good.
2) They have previously declared 25 employees. "If" this is new to the OTCM profile, fine, but it has been declared in other otc filings. And as I said, the number makes sense considering 4 locations.
3) Finally, the shell "RISK", not "shell". The "No Shell" as been declared by Melvin since day 1. Obviously OTCM doesn't take anyone's word alone. The subject has been discussed many times here, perhaps while you were on sabbatical? The concensus is an annual audit will be required to remove the shell risk tag. I think many are expecting, or at least hoping an audit will be included with annual report, likely to come mid-April.
I knew OTC labeled it as a shell risk when I first bought shares in May. I am not the one calling it a shell, OTCM is calling it shell risk. I was hoping it would have been resolved before year end but accepted the need to wait. I'm sure I don't hold as many shares as most here claim but I have only added since May.
Would you not agree the stock can/will do so much better when that label is removed? Again, sorry I poked you. Hope this post is more clear?
Thanks for keeping it real...