Global Developments Inc (GDVM)

[Urocka]

The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.

In limited circumstances, OTC Markets will consider removal of a company’s shell risk designation upon written request by a company. Please be advised that such requests will only be considered when there has been a material change in financial condition since the most recent fiscal year-end that is reflected in publicly available interim financial statements. Examples include a material increase in asset composition or operating revenues with related financial disclosure as a result of an acquisition or change in control transaction.

This is from the OTC Website and Should Help Anyone Having Difficulty Understanding Why there is that designation for $GDVM. The Company Is Newly Public and Only Has 2 Quarters of Financials Posted. OTC Markets is Not Showing the 2nd Q's Numbers Under Financials After 3 Weeks of them being posted. Looks Like Melvin has to Submit written request with the OTC People Asking for status change using the Interim numbers from the 2 quarters since the New yearly Financials with Veemost Revenues will not be available for 5 months with the year ending 12/31/2023. He May Have Already Done That.... Let's Rock!