$GDVM Hot Penny Stocks To Invest In
Global Developments, Inc. (OTC: GDVM) is climbing investors’ watchlists after gaining more than 630% since late August. This run was triggered by the acquisition of the company’s controlling block by a new CEO who already owns a lucrative business. With anticipation brewing that a merger and filings could be approaching, GDVM stock appears to be one of the high value penny stocks to invest in for the long-term.
GDVM Fundamentals
As an OTC clean shell, GDVM is gaining momentum among investors following the acquisition of VeeMost Technologies, LTD’s CEO – Melvin Ejiogu – of 3.1 billion shares from its previous CEO. In light of this, many investors are speculating GDVM could be set to merge with Veemost in the near future. With this in mind, Veemost has already been looking to become public and had a previous agreement to merge with JPX Global, Inc. (OTC: JPEX) which has seen JPEX stock soar to its 52-week high of $.0429. Based on this, many investors are bullish GDVM could witness a stronger run as it has a more attractive share structure than JPEX.
Although the company has not shared any news regarding its upcoming plans, investors have been speculating that Veemost is the merger target thanks to the company’s updated business description on its OTC profile. According to this business description, GDVM is seeking to merge with a multi-brand provider of cybersecurity and networking solutions. Since this business description is in line with Veemost’s operations, a merger could be on track to be delivered in the near future.
At the same time, GDVM intends to operate as a holding company where it plans to acquire and merge with IT companies. After growing these companies’ businesses, GDVM plans to sell these companies either through an IPO or a direct sale to drive more growth for the company. As a result, GDVM could be one of the penny stocks to invest in for the long-term since these plans could position the company for substantial financial growth when it starts operating.
On that note, merging with Veemost could allow GDVM to achieve this target considering its operations in the lucrative cloud services and cybersecurity spaces. By operating in such highly demanded industries, Veemost currently has an impressive pipeline of more than $75 million in contracts and services from government and enterprise clients. In addition to these contracts, Veemost has a number of strategic alliances with a number of well-renowned industry leaders including Microsoft, Cisco, Palo Alto, and Splunk. Based on these alliances, Veemost has the potential to become an emerging leader in the cloud services industry which could make GDVM stock one of the penny stocks to invest in if a merger with Veemost is finalized.
Looking to become a major player in this market, Veemost is currently in the process of upgrading its Cisco partnership to become a Cisco Gold partner. To achieve this remarkable certification, Veemost is set to meet Cisco’s standards in networking competency, service, support, and customer satisfaction. If Veemost achieves this certification, GDVM could be one of the best OTC penny stocks to invest in if Veemost is the merger target.
Moreover, Veemost is planning to close a number of acquisitions in the US to further grow its business. However, the company plans to acquire companies in the emerging markets of Africa and India in the future to compete in its niche on a global scale. With speculations growing that Veemost is set to merge with GDVM, the stock could be well-positioned to continue soaring if that is the case.
While a potential merger with Veemost remains speculation, GDVM has been actively looking to add value to its shareholders. After acquiring GDVM’s controlling block, Ejiogu purchased and returned 525 million shares to the company’s treasures – representing 12% of the company’s OS. Additionally, Ejiogu assured shareholders that no dilution would take place in the future while promising to share updates soon. In light of this, GDVM stock could be one of the penny stocks to invest in in anticipation of these updates.
Meanwhile, many investors are speculating Ejiogu could have NASDAQ ambitions in the future as GDVM is already fully PCAOB audited which would make a NASDAQ listing simpler for the company. For this reason, GDVM stock could be one of the best penny stocks to invest in as the company appears to be set for a bright future.
Technical Analysis
GDVM is currently trading at $.0285 and has a resistance at its 52-week high .0288. Meanwhile, GDVM shows supports near .0259, .0211, .0187, and .0165. Since the 525 million shares were canceled, GDVM has been trending upwards as investors’ speculations regarding a potential merger are intensifying – leading to a 630% run. Meanwhile, the stock is continuing to climb as investors are bullish the company could merge with Veemost. Considering the bullish sentiment surrounding Veemost, GDVM stock could be one of the penny stocks to invest in this month as any update could send it to new highs.
As the stock is currently trading near its 52-week high, investors could wait for the stock to consolidate before entering into a position to minimize their risks. With this in mind, GDVM has been running organically without any impulsive moves in either direction. For this reason, a good entry point could be on retests of the 200 MA which has shown to be a strong support level during GDVM’s run.
Given the potential of a merger with Veemost, accumulation is trending upwards in anticipation of news regarding the speculated merger. Similarly, the MACD is bullish to the upside. Meanwhile, GDVM is oversold at the moment with the RSI at 76. Based on this, GDVM could be poised for a pullback to allow the RSI to regulate which could make this dip an intriguing opportunity to add shares. Although GDVM has an OS of 3.5 billion, most of the OS is held by Ejiogu – which puts the stock’s float near 324.7 million.
GDVM Forecast
With the company set to become operating upon being acquired by Ejiogu, GDVM presents an intriguing opportunity for bullish investors. Given that Ejiogu is already Veemost’s CEO, many investors are confident a merger with Veemost could be right around the corner. Additionally, Ejiogu’s interest in protecting shareholders’ value by canceling shares and promising no dilution could attract more investors to the stock which would reflect on GDVM’s PPS. Meanwhile, being a fully PCAOB audited company could allow GDVM to seek an uplisting to the NASDAQ upon its anticipated merger. Considering Ejiogu’s promise to share more updates soon, GDVM stock is one of the penny stocks to invest in in anticipation of the news.
GDVM Fundamentals
As an OTC clean shell, GDVM is gaining momentum among investors following the acquisition of VeeMost Technologies, LTD’s CEO – Melvin Ejiogu – of 3.1 billion shares from its previous CEO. In light of this, many investors are speculating GDVM could be set to merge with Veemost in the near future. With this in mind, Veemost has already been looking to become public and had a previous agreement to merge with JPX Global, Inc. (OTC: JPEX) which has seen JPEX stock soar to its 52-week high of $.0429. Based on this, many investors are bullish GDVM could witness a stronger run as it has a more attractive share structure than JPEX.
Although the company has not shared any news regarding its upcoming plans, investors have been speculating that Veemost is the merger target thanks to the company’s updated business description on its OTC profile. According to this business description, GDVM is seeking to merge with a multi-brand provider of cybersecurity and networking solutions. Since this business description is in line with Veemost’s operations, a merger could be on track to be delivered in the near future.
At the same time, GDVM intends to operate as a holding company where it plans to acquire and merge with IT companies. After growing these companies’ businesses, GDVM plans to sell these companies either through an IPO or a direct sale to drive more growth for the company. As a result, GDVM could be one of the penny stocks to invest in for the long-term since these plans could position the company for substantial financial growth when it starts operating.
On that note, merging with Veemost could allow GDVM to achieve this target considering its operations in the lucrative cloud services and cybersecurity spaces. By operating in such highly demanded industries, Veemost currently has an impressive pipeline of more than $75 million in contracts and services from government and enterprise clients. In addition to these contracts, Veemost has a number of strategic alliances with a number of well-renowned industry leaders including Microsoft, Cisco, Palo Alto, and Splunk. Based on these alliances, Veemost has the potential to become an emerging leader in the cloud services industry which could make GDVM stock one of the penny stocks to invest in if a merger with Veemost is finalized.
Looking to become a major player in this market, Veemost is currently in the process of upgrading its Cisco partnership to become a Cisco Gold partner. To achieve this remarkable certification, Veemost is set to meet Cisco’s standards in networking competency, service, support, and customer satisfaction. If Veemost achieves this certification, GDVM could be one of the best OTC penny stocks to invest in if Veemost is the merger target.
Moreover, Veemost is planning to close a number of acquisitions in the US to further grow its business. However, the company plans to acquire companies in the emerging markets of Africa and India in the future to compete in its niche on a global scale. With speculations growing that Veemost is set to merge with GDVM, the stock could be well-positioned to continue soaring if that is the case.
While a potential merger with Veemost remains speculation, GDVM has been actively looking to add value to its shareholders. After acquiring GDVM’s controlling block, Ejiogu purchased and returned 525 million shares to the company’s treasures – representing 12% of the company’s OS. Additionally, Ejiogu assured shareholders that no dilution would take place in the future while promising to share updates soon. In light of this, GDVM stock could be one of the penny stocks to invest in in anticipation of these updates.
Meanwhile, many investors are speculating Ejiogu could have NASDAQ ambitions in the future as GDVM is already fully PCAOB audited which would make a NASDAQ listing simpler for the company. For this reason, GDVM stock could be one of the best penny stocks to invest in as the company appears to be set for a bright future.
Technical Analysis
GDVM is currently trading at $.0285 and has a resistance at its 52-week high .0288. Meanwhile, GDVM shows supports near .0259, .0211, .0187, and .0165. Since the 525 million shares were canceled, GDVM has been trending upwards as investors’ speculations regarding a potential merger are intensifying – leading to a 630% run. Meanwhile, the stock is continuing to climb as investors are bullish the company could merge with Veemost. Considering the bullish sentiment surrounding Veemost, GDVM stock could be one of the penny stocks to invest in this month as any update could send it to new highs.
As the stock is currently trading near its 52-week high, investors could wait for the stock to consolidate before entering into a position to minimize their risks. With this in mind, GDVM has been running organically without any impulsive moves in either direction. For this reason, a good entry point could be on retests of the 200 MA which has shown to be a strong support level during GDVM’s run.
Given the potential of a merger with Veemost, accumulation is trending upwards in anticipation of news regarding the speculated merger. Similarly, the MACD is bullish to the upside. Meanwhile, GDVM is oversold at the moment with the RSI at 76. Based on this, GDVM could be poised for a pullback to allow the RSI to regulate which could make this dip an intriguing opportunity to add shares. Although GDVM has an OS of 3.5 billion, most of the OS is held by Ejiogu – which puts the stock’s float near 324.7 million.
GDVM Forecast
With the company set to become operating upon being acquired by Ejiogu, GDVM presents an intriguing opportunity for bullish investors. Given that Ejiogu is already Veemost’s CEO, many investors are confident a merger with Veemost could be right around the corner. Additionally, Ejiogu’s interest in protecting shareholders’ value by canceling shares and promising no dilution could attract more investors to the stock which would reflect on GDVM’s PPS. Meanwhile, being a fully PCAOB audited company could allow GDVM to seek an uplisting to the NASDAQ upon its anticipated merger. Considering Ejiogu’s promise to share more updates soon, GDVM stock is one of the penny stocks to invest in in anticipation of the news.