Global Developments Inc (PK) (GDVM) News

About us

VeeMost Technologies Inc. is your trusted partner in delivering innovative, customer-focused IT solutions designed to empower your business. As a minority-owned technology provider, we specialize in providing IT consulting and professional services in the areas of networking and cybersecurity, collaboration, datacloud solutions,, and managed services that help organizations of all sizes achieve their goals efficiently and securely.

Our commitment to excellence is matched only by our dedication to helping businesses thrive. With the launch of our VeeMost Technology Store (store.veemost.com), we’ve made it easier than ever to access cutting-edge technology products, software licenses, and accessories—all from a single, reliable source.

Are you looking to enhance your IT infrastructure, safeguard your data, or streamline your operations? Whether you’re a business leader, school administrator, or government agency, we have the expertise and solutions to help you succeed. As a proud participant in the USAC E-rate program, we’re uniquely equipped to serve educational institutions with specialized services, equipment, and SPI invoicing options.

At VeeMost, we don’t just provide technology—we deliver peace of mind. Let us partner with you to solve your toughest IT challenges and position your organization for future success.

Visit www.veemost.com to learn more, or start exploring our product offerings today at store.veemost.com. Let’s build your future, together.

#InnovativeITSolutions #Cybersecurity #CloudTransformation #TechnologyStore #ERate #DigitalTransformation #MinorityOwnedBusiness
Just noticed that the VeeMost LinkedIn page has been updated to include information about the VeeMost Technology Store . ✔️

And he's making progress slowly which frustrates many however it's progress.  I think February and March will bring more PRs and a Symbol change and maybe just maybe audited financials to comply with uplist.  He's hinting at all sorts of things without pumping 
I'm in it to win.  I wait and add as I can. Not selling any shares till we break thru .07 

Open post to nobody imparticular. OTC is bottom of the barrel . This is what I find peculiar with GDVM let's start there . Longetivity of business with no dilution. Melvin has a vision and a game plan and has always let shareholders know through his actions . He in my opinion based off of past history is not here to pump his vision . I believe others took advantage of his ignorance and capatalized . It is simple to see that the stock price is heavily manipulated. Perfect example Is buying at the ask is typically always slapped down , just remember the market maker can use auto or manual auto for instance low volume algo  . The individual market maker person personally shorts the stock . No volume no problem. 10 percent rule and the ignorant. Time and money only matter when you need the money . The only reason this is not a good investment is if the root Melvin has always had bad intentions. Most here know the story start at post 1. 

I'm trying to make sense of your post. A market maker COULD be under the same roof, but what would be the point, or advantage? I can't think of a case of this happening, but so what?
Both you or I could be a market maker. It doesn't take a lot of skill, just money and guts to sometimes hold bad positions.

As far as a Transfer Agent trying to convince a CEO to not do a ticker change????....so what? The transfer agent works for the company. There are several reasons for one to give his opinion to a CEO.
I think you're trying to imply something nefarious when none exists.
Shouldn't make anyone go "hmmmmm".

In addition to all of that keep in mind that all actions from the company for changes must be accepted and handled by the TA. Anyone who thinks the TAs are not in bed with the MMs is a fool. In some cases TAs and MMs are all under one roof. I know TAs have tried to convince CEOs to not request a ticker change in the past. That should make everyone go "hmmm".

Well I'm not in the mood to get long winded, but It's a different ball game since the SEC handed over the OTC to FINRA. FINRA Is a Boys club of Crooks that haven't got caught yet. They allow the Market Makers to do whatever the fuck they please. Including but not limited to some questionable trading practices. They Govern themselves and do a pretty shitty job of it, at least for us the retail buyers.

How about my alter ego state some facts that prove that Melvin is cheap and that is why the ticker symbol hasn't changed.
Or else do some research and find some similar situations and see how long it took them. You may also find some companies who are waiting in the same time frame as here. Research, DD, and maybe even Chat Gpt should be better utilized by you😁

Or just tell us when the clock officially started for us to have a realistic chance for our Corporate actions to get legs with FINRA?

We will be waiting!

I bought a few more today at .011

Oh the ticker change could come sometime in February.  Melvin kicked off 2025 with a bang. When the market wakes up it will be like an explosion of we've never soon

Keep beating this down you naysayers. Big things coming here to those like me that can hold with patience 

Wait, you've been through a like scenario before and yet you're still here hanging around?
Tell us all, how did it end for you last time?

Like I've said, this is no different than any penny stock board on IHUB

Sir, thank you for asking, I will tell you why. Because as of February 14, it will have been two f'n years since he stated there would be a ticker symbol change, and it hasn't happened. All you have to do is hire professionals to get it done, he's a cheap ass. He's not wanting to spend money to get it done because he's so cheap. I've been through this before myself, and I know how it goes and how it works. He needs to be called on his crap. And people here need to stop being his enablers. I don't care if you like it or not, but I'm going to continue to call him on his crap every f'n day until he opens his wallet with a prybar, and gets something done here.

Bawhahahaha 

I dislike it very much when you get so emotional...

Well I'm not in the mood to get long winded, but It's a different ball game since the SEC handed over the OTC to FINRA. FINRA Is a Boys club of Crooks that haven't got caught yet. They allow the Market Makers to do whatever the fuck they please. Including but not limited to some questionable trading practices. They Govern themselves and do a pretty shitty job of it, at least for us the retail buyers.  I know this becauseI know a guy who knows a guy that  knows another guy who dates a girl that has a brother and  a sister and his sister has a gf who's boyfriends brother works there and he said they're Crooks, and you can take that to the Bank.

Sir, thank you for asking, I will tell you why. Because as of February 14, it will have been two f'n years since he stated there would be a ticker symbol change, and it hasn't happened. All you have to do is hire professionals to get it done, he's a cheap ass. He's not wanting to spend money to get it done because he's so cheap. I've been through this before myself, and I know how it goes and how it works. He needs to be called on his crap. And people here need to stop being his enablers. I don't care if you like it or not, but I'm going to continue to call him on his crap every f'n day until he opens his wallet with a prybar, and gets something done here.

UNREAL ! you folks are still here ! This place sucks hope you make bucks ..... really do !! Man so much out there to make bank on ...DRONES !! QUANTUM ! much much more ..... dont tie your money-up to long ... if im lying im dying......

We're good, I believe that the Business world had the purse strings drawn tight waiting for the outcome of the election. We all just need to be patient I believe, and let the train get rolling again. Trump has only been in Office 8 days we need to let the dust settle and see where the chips may fall. I often times question myself as I have boatload, and am still loading...I'm almost there. I have to remind myself of Melvin's accomplishments and his Vision. I also give him credit for operating on three different continents. I believe he's in it to win it !! What some people forget is his ownership % which is somewhere around 75% he isn't a CEO or CFO that some Corporation has hired he has had VeeMost since 2002,  and with all of his other jobs he believes that this is his time. This isn't a job for him it's his Vision and his Life...and I believe he will succeed. There's a little dose of positivity from me !!!

Beats the alternative. Appreciate the positivity. Especially in the midst of the complaints of some.

I think it will happen. If it was dead they would need to disclose.  IMHO 

Everytime it hits .01 and below it's a great buying opportunity.  Fundamentals are turning around.  I'm not buying as much as I would like  due to some cash conservation with my new job but one thing I'm feeling good about is where this company is heading.  Veestore blockchain service Cisco gold and possibly audit financials and uplist. Sure is taking a long time I remain patient cause the catalysts are still infront of us.  All in my humble opinion 

Just injecting a little positivity.
Don't have much to chew on so ya, I agree with you.
I agree feeble attempt on my behalf....lol

800k shares isn't blowing the lid off anything. Not even if it was 99 to 1 in our favor 

Why do you assume that it's Melvin that's holding up the deal, and not Banks, Lawyers, Accountants, and Red Tape that's often a stumbling block. Or maybe when Melvin did his due diligence the Company didn't live up to his expectations and he scrapped the deal. You're relentless with your finger pointing at Melvin. You really need to just sit back, and watch the Magic. Won't be to long...due time my friend in due time. You may as well just keep on buying as you have been. Just do like me, as I think you have been, set a goal hit it and then just raise the Bar. Make it a Bakers Dozen 😂🤣

Blew the lid off on the buy side ratio, today.

Thank you. Very informative....I'm more intrigued by the "smart contracts" though, as off the top of my head I could thing of tens of pros and cons to using it.

Back down to the 00s. Pathetic. How about that acquisition? lol Melvin. 

Congrats to you on your first useful post!

Today represents exactly 7 months since the Texas acquisition announcement, the merger that was only supposed to take 60 days. Come on Melvin, get off your ass.

Fung_derf,

No, my response wasn't AI-generated!

I try to make an effort sometimes to be complete and cite sources when I think it might benefit the reader. Sometimes I do it for my own edification. How does the saying go, "No good deed goes unpunished!" You can test the degree of AI-generated content by copying and pasting the content at https://quillbot.com/ai-content-detector. If you paste my content, you will find that it is 100% human generated.

You're not alone in trying to make sense of blockchains. I think of a blockchain as a database. And a cryptocurrency, like Bitcoin, as an application that queries that database. Of course, a blockchain has some special properties not found in a traditional database (such as decentralized control => security, distributed data => transparency, and read & append only commands => immutability). But fundamentally, it is just a database.

The advent of Bitcoin in 2009 was the first use-case (i.e., application) for a blockchain. The applications being developed today have expanded beyond cryptocurrencies. An increasing number of companies are developing their own blockchains including Walmart, IBM, and Amazon (and VeeMost!)

Here is a good article on how Walmart developed a block chain (often referred to as a "digital ledger") to track food in its supply chain.

https://tech.walmart.com/content/walmart-global-tech/en_us/blog/post/blockchain-in-the-food-supply-chain.html

Here is an excellent video about blockchain for business applications that I encourage you to watch (11 minutes).


To answer your question, "why would this [VeeMost] blockchain be desirable over any of the others in existence?" The short answer is it probably wouldn't be desirable for clients outside VeeMost's target market. But for VeeMost's clients, a blockchain tailored to their needs may be a requisite for doing business.

The longer answer is:

We would have to know more about the use-cases that Melvin's team is working on. In his press release, he mentions smart contracts, supply chain verification, licensing automation, and digital identity use cases. He also talks about "allowing customers to make secure payments with cryptocurrency."

One thing we can say for certain, he is not developing a new cryptocurrency to compete with the 25,000+ other cryptocurrencies already in the marketplace. (1)

We also know, that of the four common types of block chains: public (Ethereum, Bitcoin, Solana), private (Hyperledger Fabric, MultiChain), hybrid (XinFin, IBM’s Blockchain Platform), and consortium (R3’s Corda) (2), he appears to be going for a hybrid blockchain, "Unlike public blockchains that lack regulatory oversight or private systems with limited scalability, VeeMost's blockchain will balance flexibility and governance, making it an ideal platform for enterprises, educational institutions, and government agencies seeking robust solutions for secure and automated processes." (3)

By the way, here's a video on smart contracts that I found interesting (4 minutes).


Regarding Plus 1 coin. That's crazy! That hits pretty close to home, CEO of iHUB??

Sources:

1 - https://en.wikipedia.org/wiki/Cryptocurrency
2 - https://paxos.com/2024/05/22/understanding-the-different-blockchain-types/
3 - https://www.otcmarkets.com/stock/GDVM/news/Veemost-Technologies-Inc-Announces-Development-of-Blockchain-Platform-to-Revolutionize-Digital-Operations-and-Enterprise?id=465238

Fungy D,
Blockchain is not cryptocurrency. Cryptocurrency is just one of many uses of blockchain technology. Blockchain is the latest way to store and share data. We have gone from notebooks (paper) to computer files (digital version 1) to "the cloud" (digital version 2) to blockchain (digital version 3). Unlike "the cloud" which is named in a way for people to mentally grasp, the nerds named blockchain for the process used i.e. blocks of information linked by a chain. Maybe better words for it could be Godly Data or Holy Moly or P&T Data (perfected and trusted) or Internet of Things on Steroids, or Honest Abe. This new process allows for greater trust in the security and truthfulness of shared data of varying kinds. Just as many companies come up with their own antivirus software or cloud security (like Veeshield), there will be hundreds to perhaps thousands of iterations of blockchain platforms for varied uses by different companies. IBM, Cisco, Palo Alto and cybersecurity leaders are rightly expected to be able to offer their own blockchain technology platform just as they offered their own Cloud Services. Just as the cloud can be used for pictures music and documents. Blockchain can be used for banking/cryptocurrency or cybersecurity or supply chain management and many other things. Since most non-nerds heard the word cryptocurrency and bitcoin before learning the word blockchain it has caused many to think that blockchain is a form of crypto when in fact crypto is just one form and use of "the process" called blockchain which could be considered Godly Data since it is the highest purest and most trustworthy form of data (for now).
So if Veemost want to come up with a blockchain platform called Veeblock to offer to their clients that would be great. Veeblock could protect and verify their data so well that the client won't need as many employees to do the work that Veeblock is now doing. When a client orders from the Veemost store Veeblock* could transparently perfect and process the order. Thus the store was needed for now and the future. And if Veemost wanted to add Veebucks* to the offering to create easy digital payments for their services, well they could use the blockchain platform for that too since blockchain has many uses. One stop shop for whatever Godly Data the client wants and/or needs for their circumstances.
If this doesn't help, you owe me 30 minutes of my time back but I would settle for less complaints about this stock and 0 complaints once the ticker symbol changes.

*made up words

Was your response AI generated? It seemed overly complete.
I've had people try to explain blockchain to me and failed, so I don't pretend to understand. However, I should have been more precise in my question, which is....why would this blockchain be desirable over any of the others in existence.
BTW, the Plus1 coin failed miserably. Looked to be a scam to benefit the CEO of IHUB and he was replaced shortly after.
From looking at various cryptocurrencies, it seems to favor the creator far more than any user. I think the word "currency" in this case is a misnomer.
Bitcoin is close to a currency. The others don't seem to be,

Thanks Benze, I responded to your email. I love that we can all be friends here.

Let's all band together here. GDVM will be a force to recon with eventually JMHO.

I sent you an email, check your email. 

Hello, fung_derf:

I hope this post finds you well. I would like to share one perspective on the blockchain question.

As you implied, there are an abundance of blockchains and cryptocurrencies out there. So, why reinvent the wheel? I think it may be a case of "not one size fits all." Melvin and his engineers are presumably working very close with Veemost's key customers / partners affording them an intimate understanding of the problems that keep their clients up at night. It seems reasonable that there are requirements in enterprise applications that are not satisfied with off-the-shelf blockchains. Committing the company to undertake such a large project seems bold, but they must have conducted an economic assessment and concluded that it was in the strategic best interest of the company and its shareholders.
Our blockchain platform is being designed to solve specific problems for our clients,” said Melvin Ejiogu, President of VeeMost Technologies Inc. “By leveraging this platform internally and externally, we will enhance our operational efficiency, strengthen client trust, and create new revenue streams that position us for long-term growth. https://www.otcmarkets.com/stock/GDVM/news/Veemost-Technologies-Inc-Announces-Development-of-Blockchain-Platform-to-Revolutionize-Digital-Operations-and-Enterprise?id=465238

With regards to a comparison between Veemost and PlusOneCoin blockchains, Veemost is targeting the specific needs of the B2B enterprise customer in the network infrastructure, cybersecurity, cloud computing, and managed IT services spaces. Also, as one would expect, the Veemost blockchain will be integrated into its own e-commerce store that was launched a few weeks ago.
[Veemost] is pleased to announce its strategic initiative to build a proprietary enterprise-grade blockchain platform aimed at empowering businesses and government organizations with secure, transparent, and efficient digital solutions. This initiative marks VeeMost’s entry into the blockchain ecosystem with a focus on real-world applications that address supply chain management, licensing, digital identities, and payments. https://www.otcmarkets.com/stock/GDVM/news/Veemost-Technologies-Inc-Announces-Development-of-Blockchain-Platform-to-Revolutionize-Digital-Operations-and-Enterprise?id=465238
About VeeMost Technologies, Inc.
VeeMost Technologies, Inc. is a leading provider of comprehensive IT solutions, dedicated to helping businesses optimize their technology investments. With a focus on innovation, quality, and customer satisfaction, VeeMost offers services ranging from network infrastructure and cybersecurity to cloud solutions and managed IT services. https://veemost.com/veemost-technologies-inc-launches-its-e-commerce-store/

Whereas, PlusOneCoin is targeting the B2C content providers (and platform owners) in the social media space. Essentially a consumer market as opposed to an enterprise market.
This bitcoin-like currency enables content providers and platform owners to monetize their social media sites while giving their audience more power to affect the social media content they consume. Blockchain technology enables cryptocurrencies like Bitcoin, Ethereum and PlusOneCoin (+1 coin). https://www.plusonecoin.org/

So, the comparison on one level, shows some commonality, but a closer examination indicates a comparison between apples and oranges.

This could prove to be a competitive advantage for Veemost. And for a company with intentions to uplist to the Nasdaq, it seems this would certainly support that goal.

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. These are just my opinions not advice. Do your own due diligence.

Not much is happening only 155,000 shares traded today.

Maybe some blue sky pumping is in order?

I've seen everything and anything that was hot at that particular moment used for stock pumping.
I can't even fathom why anyone here would think their crypto could reach the masses to replace the others.
Even dogecoin can't catch on, and they have Elon Musk.

Blockchain now?!? Lolol my goodness even that pump didn't work. Melvin. lol. Back to .00s sooner than later. 

How is this any different than Plus1 coins?

Yup, that's the way I understand it. Whether the contract is paid up front or on performance, the revenue is recognized when earned and deferred revenue is reduced to match. Good example with the labor-based contract. Same principle. You make a good point about the intellectual property. If this is being done for a specific customer or a group of customers, it makes sense for Veemost to retain the IP rights since it will monetize its block chain platform through license fees and subscription plans (Blockchain-as-a-Service (BaaS)). One thing I find curious is Melvin publishing the timeline/schedule in a press release. That kind of puts him on the hook for public scrutiny. He needs to deliver on that timeline! 😉 Regarding the size of the team, that's a good question.

I think deferred revenue is simply revenue that's is associated to a contract but not earned.  So the example is. Say they sign a contract for 5000 hrs at 10/hr.  Every month they invoice the customer at 1000hrs.  So in month 1 they bill $10000 this shows up on the books at $10000 in revenue and 40000 in deferred revenue.  Think of deferred revenue as backlog. It can't be recognized unless it's services are rendered.  I think this is true even if the customer paid up the contract in full up front. If this is the case I believe you are correct it becomes a liability.  There's no way to know for sure but if they are building the block chain for a specific customer they could develop this and invoice based on milestones  the customer would get a "discount" for their investment and Veemost might retain the ip rights.  Again no way to be sure but given the process has an 18month roadmap to commercialization I have to wonder how big the team is working this.  

Thanks for the information, tothe!

Yes, I agree that deferred revenues could be a source of funding for the new blockchain project. I didn't see any deferred revenue reported in the 2024Q3, but I speculate, that is because the tax issues had only been resolved for a short period of time prior to the closing of that quarter.

My understanding of the accounting, is that the deferred revenue balance (from all sources) would be reported as a liability on the 2024Q4 balance sheet. Any deferred revenue that was earned (and therefore recognized) during that quarter would appear as revenue on the 2024Q4 income statement. If there are multiple deferred revenue contracts, the amount of revenue earned per contract may vary as you indicated. But I believe, under GAAP, every deferred revenue contract has to be reported (at least in the aggregate) on the balance sheet, every quarter - in the same manner that the income statement, balance sheet, and cash flow statement are required every quarter.

I agree that if revenue was earned in 2024Q4 from deferred revenue, we will see a bump in revenue. Not knowing the size of the deferred revenue, however, makes it difficult to predict what the revenue impact might be. As you indicated, there are several additional sources of potential revenue. These could include milestone payments from partially completed contracts, completed contracts, ongoing service agreements, license fees, new product/service sales, and accounts receivable. As a footnote, I think it is too soon to expect new revenue from the SAM.gov account because three months might not be enough time to receive awards from any bids submitted.

I'm looking forward to the annual report. I think it will be very informative.

Another source of funding for new product development, common in the technology industry, is having the customer pay all or part of the non-recurring engineering (NRE) cost. A key customer (or partner) will request a product enhancement or a new product that is cost prohibitive for the manufacturer to develop. A mutually beneficial agreement can sometimes be reached where the customer pays the NRE. The customer gets their needs met and the manufacturer expands their product range. The "Project Timeline and Key Milestones" published in the press release is something you might typically see in this type of arrangement. But, there is nothing to suggest that this has occurred.

By style, I mean Melvin seems to employ an engineering (Steve Wozniak) approach to building a company as opposed to a marketer or a financier (Steve Jobs). But he does have a grand vision, and that's why Veemost is a public company, in my opinion.

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. These are just my opinions not advice. Do your own due diligence.

There is always someone that will throw up large ask whenever this feels like it could start moving, never fails 

Don't forget I'm an Optimist, but it would sure help matters

Plato_: I am assuming Melvin's style is to use Differed Revenue from his Service Contracts to finance the setting up of the AI Block Chain Platform. Since multiple Differed Revenue Contracts are considered as Liabilities it is not feasible to report all of them every quarter. The Annual Report due in March should have a rather large number of realized revenues collected from various clients or closed contracts and possibly the uncollected losses from the bad ones.
https://www.investopedia.com/terms/d/deferredrevenue.asp

Cisco gold gets us to $2 a share? Boy that would be great.

And Cisco Gold will get us there in a hurry 

It's $2.00 for the entry level tier...

"Having some clients they are working with" is a good point. My first thought reading the pr was: where are the resources/ funding coming from for this big development.

Oh man I missed a lot today

I knew something was cooking.  A lucky guess!  I think the pr is hinting at more news is on the way to support an uplist and not specific to the blockchain. I also think again it's in the pr that they have some clients they are working with on this.  They are too small to "build it and they will come"

I'm staying patient cause Melvin is going to make 2025 a great yr for shareholders in my opinion.  Not investment advice.  

LOL it doesn't work that way.

The company likely has deals that are hingent on Finra approval, that they can't make public or Finra will need all their info to evaluate them before they approve the change. Every public announcement like that backs the process up 8-12 months because they are basically starting over. Unfortunately, this is the game with Finra. That's why Melvin likely reported the Finra battle is about 75% done because putting a timeline on them is impossible.

Finra approval equals news with meat on it.

Nasdaq wont happen unless massive R increase, and that’s not close. If Melvin thinks it’s in the near term, then give the shareholders a clue how and when? Nothing yet.

18 months is a very long time, but matriculation to the NASDAQ trading platform would be huge. And make me an instant multimillionaire. Kisses 💋

Big hugs))