Global Developments Inc (PK) (GDVM) Share Price

LOL! The price didn't go up, the spread widened. So now, when you buy you're immediately down a bunch.

Nice alittle jealous I'm not following much during work hrs rest of my investments are getting crushed so a little dip here isn't much to me other then an opportunity to add


Nothing indicates this company gdvm is going out of business so it's all about waiting if your long and if you can't wait then probably good to bail

I remain long and believe this will trend higher at some point in the future 

Good luck to all

Yeah, I didn't quite get the reference to "a spy amongst us," but heck, the volume came back and the PPS shot up! All is well that ends well!

Someone has tried to warn the gang. But some folks are too wise to consider an outside voice and thought

The Bid-Ask spread is pretty wide too at 21%:

Bid
0.0076 x 200000
Ask
0.0096 x 98083
2:20 PM EST

Interesting where the bid ask went to right after I made my predictions. We may have a spy amongst us.

02/25/25 01:25:54 PM 5 50000 0.0087
02/25/25 01:24:07 PM 5 0.0076 5 0.0097 2000 X 800 BBO


fung_derf

Member Level
Re: None

Tuesday, February 25, 2025 12:09:39 PM

Post#
23875
of 23883
If I were a silly penny stock gambler, I'd say .0079 is a very short term buy. I'd also be dumping then around a penny...

Don't be ridiculous, if shares were available at trip 7 you know you would be buying the shit out of it like everyone else

300k might be all the company is worth -

At trip .0007 the MC would be under 300k. Lol

If you truly believe trips are coming then why haven't you sold all your shares? And if you have sold all your shares then why you still here?
And please name 5 things you accomplished last week, thank you 

LOL trips coming in March. Mark it. But no worries, I'm sure Melvin is working hard in his Dashiki behind the scenes. LOL 

Tothe, what's your chart / crystal ball telling you now? Curious on your thoughts 

Support broken, new lows
Acquired another 100k .0071
Not sure wether that will be good or bad but we shall see

If I were a silly penny stock gambler, I'd say .0079 is a very short term buy. I'd also be dumping then around a penny...
but is it really worth it? Would anyone buy enough to matter? And if you did, based on this avg volume, once you started buying the share price would jump too quickly to finish your order.

Melvin isn't even filing quarterly's anymore huh? lol this trash heap is all but over. 

Time to capitulate like the rest of the market 
Weeeeeeeeeee.   LFG 

Melvin DEI CEO LOL

Melvin DEI CEO LOL

Melvin DEI CEO LOL

Melvin DEI CEO LOL

Melvin DEI CEO LOL

Melvin DEI CEO LOL

Melvin DEI CEO LOL

Exactly what the chart predicted... Can you be more specific how the chart predicted 150 shares would be traded on 02/24/2025? The 90-day average volume is 679,596 shares (Fidelity).

Will still be slow then cause this company is a joke. lol you think anyone is gonna buy this with UNAUDITED yearly report that shows they aren't making money? Think again. Oh and while being "pink limited" mind you. There Is a reason the average volume for this trash is like 100k daily. 

Exactly what the chart predicted...

Will probably be slow until the yearly report comes out in late April.

$1.32 to be exact! 🙈

One trade for $1 of volume lol
Mm's can't even make a market here

Looks like we broke the record of all time low! Hahaha

Hopefully on July 1, 2025, GDVM will be trading on the OTCID Basic Market and see marked improvement in trading volume. I agree with adesell on this point. As long as this ticker is designated Pink Limited, its visibility to potential investors is also limited.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175846699
Disclaimer: These are just my opinions not advice. Do your own due diligence.

Lowest volume I've seen past 3 months - 1,500 sh 12/12/2024.

Can GDVM go lower today? Yuck! lol

No. I don't believe that is true. I don't think 97% of penny stock traders have a stated strategy at all.
Unless you are saying their strategy is to panic?

Oh how I wish posters on IHUB were required to show their trades as they happen. I'd love to know what most consider "slapping the ask"?

Here is the typical penny stock post. From right here on this very board!....



Thursday, December 29, 2022 9:39:52 AM

Post#
3875
of 23855
Who are the dipshits that are selling stock at $.06 ??? Without those morons would be trading $.20 - $.25

Lets be thankful Melvin backed out of the JPEX deal. 🧐

The definition of integrity in a human being is, you are who you say you are and you do what you see you're going to do. This guy Melvin is and does neither. 

18 months ended six months ago. Texas acquisition supposed to be 60 days, is now eight months. If the Texas acquisition is dead, why not just tell everyone?Understandable that lots of people are losing patience and faith in someone who overcommits and under performs constantly.

Thanks for the info!

This is good news! Recall that Melvin said he would be SEC reporting in 2025. Maybe he was talking about uplisting to the OTCID. From watching the videos below, I got the impression that the OTCID, relative to the Pink Current Market, has increased disclosure and compliance requirements that attract more investors and broker-dealer networks that in turn drive up trading volume (time stamp at 32:14 in the first video below). ✔️

Big Changes Coming to the Pink Market
Effective July 1, 2025, we will launch the OTCID Basic Market. The Pink Current Market will cease to exist.

Learn more about this change and the OTCID Basic Market here

The OTCID Basic Market is for companies that publish baseline information, rather than meet the higher qualifications of our premium markets. These companies provide ongoing financial disclosure and a management certification, and verify their company profile for US investors, brokers and regulators.

The Pink Limited Market is for broker-dealers to publicly quote securities with limited to no issuer involvement. Pink Limited companies do not certify their compliance with established reporting standards, have limited availability of disclosure or financial information and may not support their U.S. market. These securities are identified with yield sign to warn investors to proceed with caution.Source: https://www.otcmarkets.com/corporate-services/pink-market

The New Landscape



An Excellent Video that Breaks it all Down


Time stamps:
6:25 Overview of OTC Markets
23:38 Timeline for Changes
26:57 Q&A
36:18 Final Thoughts

A Short Video (OTC Markets Group Answers Questions About OTCID), 10 minutes


Additional Resources:
OTCID Information https://www.otcmarkets.com/corporate-services/otcid
OTCID More Information https://blog.otcmarkets.com/2024/10/14/the-evolution-of-the-otc-market-introducing-otcid/
OTCID Webinar https://www.otcmarkets.com/files/OTCID_Webinar_Slides.pdf
OTC Markets Chart https://www.otcmarkets.com/files/15c211_Market_Chart_EffectiveJul2025.pdf
OTCID Rules https://www.otcmarkets.com/files/OTCIDRules.pdf

Defending a guy that hasn't done anything for 2 years is wild. No serious person lets their stock stay in pink limited for a year and a half. It's an easy fix. No one will take a pink limited seriously. Ever. Melvin doesn't care. If he did it wouldn't of went from .13-.007. Sorry but if you think otherwise you're delusional. 

I don't understand why people complain about a man who is running a business that only does what he feels is necessary to strengthen his company. When there is important news or a change he makes us aware . He specifically updated us telling us the shareholders that his goal is to have everything in place in an 18 month timeframe. Not what most want to hear . Obviously some have sold and moved on . The rise in price and sudden sell off was obviously someone or a group that took advantage and capitalized without Melvins involvement. Reducing the shares of a company, not pumping and updating us through quarterly filings like Is required is not your typical OTC situation. There are still many positives that could cause a buying frenzy which will cause a price increase . Time will tell who was right and who was wrong . I know some have posted that they were averaging down while some have sold at a loss . Right now certain Market Makers are the only ones profiting off of this illiquidity. Just me posting my observations and opinion. Good luck to all still involved. 

Good Job Sir. I get so tired of listening to all the dumb asses this time of year screaming about why Melvin hasn't filed yet. Once again Thank you 

*** THIS IS A CORRECTED AND UPDATED VERSION OF MY ORIGINAL POST. A member pointed out to me that a company does not file a quarterly report for the 4th quarter. An annual report is filed instead that includes the data from the 4th quarter. I confirmed this at https://www.investopedia.com/terms/1/10q.asp. Accordingly, I have deleted lines 2 and 4 from the original post, that made reference to a Q4 quarterly report, and printed the corrected version here. ***

*** Also, added some commentary that updates the expected publication date for the annual report. ***

*** Also, added the section header "SUPPORTING MATERIAL'' which did not appear in the original post. ***

UPDATED PREDICTION

Key Filing Dates
Mon, Mar 31, 2025 - Pink Current (full annual report)
Tue, April 15, 2025 - Pink Current w/ 15-day late filing extension (full annual report)
Wed, April 30, 2025 - Pink Limited (annual financial statements)
Thur, May 15, 2025 - Pink Limited w/ 15-day late filing extension (annual financial statements)

The Best Case Scenario is Tue, April 15, 2025
Melvin published 3 quarterly reports in FY2024. This is not required for Pink Limited. It's more inline with Pink Current. If he continues this pattern, we could see the annual report published as early as Tue, April 15, 2025 (which includes the usual 15-day late filing extension). Note that in 2024 he filed the FY2023 annual report on April 15, 2024 (followed by two updates).

The Worst Case Scenario is Thur, May 15, 2025
Technically, GDVM is a Pink Limited ticker. The last date to publish annual financial statements (including the usual 15-day late filing extension) for Pink Limited tickers is Thur, May 15, 2025.

So, in my opinion, the expected date for when we could see a published annual report falls in the range: Tue, April 15, 2025 to Thur, May 15, 2025.

SUPPORTING MATERIAL

If reporting on the Pink Current Information Tier:
Annual Report must be published by Mon, Mar 31, 2025 (Tue, April 15, 2025 w/ late filing extension)
Ongoing Requirements: To qualify for Current Information on an ongoing basis, companies must:
• Publish reports through OTCIQ on the following schedule:
o Quarterly Report within 45 days of the quarter end
o Annual Report within 90 days of the fiscal year end
o Attorney Letter within 120 days of the fiscal year end if financial statements are unaudited.If reporting on the Pink Limited Information Tier:
Annual Financial Statements must be published by Wed, April 30, 2025
Ongoing Requirements: To qualify for Limited Information on an ongoing basis, companies must:
• Publish reports on the following schedule:
o Annual Financial Statements as outlined in Item 9 within 120 days of the fiscal year end. Should a
change in FYE occur, no more than 16 months may elapse from the fiscal year end of the prior
Annual Financial Statement.Alternative Reporting Standard:
Disclosure Guidelines for the Pink® Market:
https://veemost.com/wp-content/uploads/2024/11/OTC_GDVM-06-30-2024_.pdf

Historically, this is how Melvin has filed:
2024
Notice of late filing: 3/29/2024
Annual report filed on: 4/15/2024
2023
Annual report filed on: 3/31/2023
https://www.otcmarkets.com/stock/GDVM/disclosure

Disclaimer: While every effort has been made to ensure accuracy, Plato_ assumes no responsibility or liability for any errors or omissions in the content of this post. The information contained in this post is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness or timeliness.

You are correct, ChuckBits. I had said that it was because the date had passed. But, in fact, as you stated, a Q4 quarterly report is never done. The annual report covers the whole year, including Q4. I've never seen any company file a quarterly AND an annual? So yes, we won't see a quarterly. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175842248

Only 3 quarterly reports are required (Q1, Q2, and Q3). The annual report is where you will find information about Q4.
The exact filing dates depend on the organization’s fiscal year, but it is necessary to file three 10-Q reports each year. A 10-Q for the final quarter of the year is not required: A company files Form 10-K, an annual report, instead. This report, unlike the 10-Q, is audited and tends to contain more details. https://www.investopedia.com/terms/1/10q.asp

If we've got a P&D coming our way, I hope it's a big one. My bags are heavy 😅! And I won't forget the fung_derf Penny Stock Rule: Volume before price, in and out before the criminals!

I understand what you're saying about the quarterlies:
Aside from that Melvin has never provided quarterly figures, (unless it's Q1)Actually, he did publish Q1, Q2, and Q3 "Quarterly Reports" in FY2024. At least, that's what the titles on the reports say. But, inside those reports he reported cumulative financials, 3-months, 6-months, and 9-months. So, you had to manually extract the quarterly financials. See my pinned post https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175456356 where I broke out the quarterly revenue. But I agree with you, they're not formatted like your typical quarterly report.

Yes, I agree. Tue, April 15, 2025 is probably the earliest. Could easily be April 30, 2025. My thinking was he publishes Qs even though they're not required for Pink Limited, so he kind of follows a Pink Current timeline. Also, I don't think a full Annual Report is required for Pink Limited, just the financial statements. So, again, he kind of follows the Pink Current guidelines. So, that's why I was leaning towards the Tue, April 15, 2025 date. But, that's as far as it goes. I'm not expecting audited financial statements, for example. But, it would be nice!

You get some that will buy $100 worth on the ask, wait 5 minutes to see if it moves, then whack the bid in a panic to 'preserve capital'. That's who you got here.

There's a lot of dates in your post covering various reporting standards. Since GDVM is a "Limited Information" filer, they have 120 days to file the annual report. Therefore, it's due on April 30th. (As you included in your post)

Aside from that Melvin has never provided quarterly figures, (unless it's Q1) I've never seen any company file a quarterly AND an annual? So yes, we won't see a quarterly.

Also, Melvin filed 3 annual reports for 2023. 1 on 4/15/24 and 2 amended reports on 5/2/24!

While anything is possible, I highly doubt we'll see anything before April 30, 2025.

Cheers

I have no clue what parameters are put into AI. However, this stock would be so easy to manipulate when the pumpers do come. This stock traded ONE THOUSAND Dollars worth today. That's like a set of decent tires.
Resistance is way up at .0167 currently. Next one just over .02.....
Watch the volume. Its sure to happen soon, and then everyone here will be overjoyed and a couple of posters will say, "In your face basher!!"....then it will fall again.
The only thing that may be holding it back is that a couple posters here think $300 is a large investment.