World Developments, Inc. (OTC: GDVM) is climbing buyers’ watchlists after gaining greater than 630% since late August. This run was triggered by the acquisition of the corporate’s controlling block by a brand new CEO who already owns a profitable enterprise. With anticipation brewing {that a} merger and filings could possibly be approaching, GDVM inventory seems to be one of many excessive worth penny shares to spend money on for the long-term.
GDVM Inventory Information
As an OTC clear shell, GDVM is gaining momentum amongst buyers following the acquisition of VeeMost Applied sciences, LTD’s CEO – Melvin Ejiogu – of three.1 billion shares from its earlier CEO. In mild of this, many buyers are speculating GDVM could possibly be set to merge with Veemost within the close to future. With this in thoughts, Veemost has already been trying to develop into public and had a earlier settlement to merge with JPX World, Inc. (OTC: JPEX) which has seen JPEX inventory soar to its 52-week excessive of $.0429. Primarily based on this, many buyers are bullish GDVM may witness a stronger run because it has a extra engaging share construction than JPEX.
Though the corporate has not shared any information concerning its upcoming plans, buyers have been speculating that Veemost is the merger goal because of the corporate’s up to date enterprise description on its OTC profile. In response to this enterprise description, GDVM is looking for to merge with a multi-brand supplier of cybersecurity and networking options. Since this enterprise description is consistent with Veemost’s operations, a merger could possibly be on monitor to be delivered within the close to future.
On the similar time, GDVM intends to function as a holding firm the place it plans to amass and merge with IT corporations. After rising these corporations’ companies, GDVM plans to promote these corporations both by an IPO or a direct sale to drive extra progress for the corporate. In consequence, GDVM could possibly be one of many penny shares to spend money on for the long-term since these plans may place the corporate for substantial monetary progress when it begins working.
On that be aware, merging with Veemost may permit GDVM to attain this goal contemplating its operations within the profitable cloud companies and cybersecurity areas. By working in such extremely demanded industries, Veemost at present has a powerful pipeline of greater than $75 million in contracts and companies from authorities and enterprise shoppers. Along with these contracts, Veemost has various strategic alliances with various well-renowned trade leaders together with Microsoft, Cisco, Palo Alto, and Splunk. Primarily based on these alliances, Veemost has the potential to develop into an rising chief within the cloud companies trade which may make GDVM inventory one of many penny shares to spend money on if a merger with Veemost is finalized.
Trying to develop into a serious participant on this market, Veemost is at present within the technique of upgrading its Cisco partnership to develop into a Cisco Gold associate. To attain this exceptional certification, Veemost is about to satisfy Cisco’s requirements in networking competency, service, assist, and buyer satisfaction. If Veemost achieves this certification, GDVM could possibly be the most effective OTC penny shares to spend money on if Veemost is the merger goal.
Furthermore, Veemost is planning to shut various acquisitions within the US to additional develop its enterprise. Nevertheless, the corporate plans to amass corporations within the rising markets of Africa and India sooner or later to compete in its area of interest on a world scale. With speculations rising that Veemost is about to merge with GDVM, the inventory could possibly be well-positioned to proceed hovering if that’s the case.
Whereas a possible merger with Veemost stays hypothesis, GDVM has been actively wanting so as to add worth to its shareholders. After buying GDVM’s controlling block, Ejiogu bought and returned 525 million shares to the corporate’s treasures – representing 12% of the corporate’s OS. Moreover, Ejiogu assured shareholders that no dilution would happen sooner or later whereas promising to share updates quickly. In mild of this, GDVM inventory could possibly be one of many penny shares to spend money on in anticipation of those updates.
In the meantime, many buyers are speculating Ejiogu may have NASDAQ ambitions sooner or later as GDVM is already absolutely PCAOB audited which might make a NASDAQ itemizing easier for the corporate. Because of this, GDVM inventory could possibly be the most effective penny shares to spend money on as the corporate seems to be set for a vivid future.
@SpacTraderInTra believes GDVM has additional room to run.
@Stock_Pop is bullish updates from GDVM could possibly be coming as quickly as this week.
Technical Evaluation
GDVM is at present buying and selling at $.0285 and has a resistance at its 52-week excessive .0288. In the meantime, GDVM reveals helps close to .0259, .0211, .0187, and .0165. For the reason that 525 million shares have been canceled, GDVM has been trending upwards as buyers’ speculations concerning a possible merger are intensifying – resulting in a 630% run. In the meantime, the inventory is continuous to climb as buyers are bullish the corporate may merge with Veemost. Contemplating the bullish sentiment surrounding Veemost, GDVM inventory could possibly be one of many penny shares to take a position on this month as any replace may ship it to new highs.
Because the inventory is at present buying and selling close to its 52-week excessive, buyers may watch for the inventory to consolidate earlier than getting into right into a place to reduce their dangers. With this in thoughts, GDVM has been working organically with none impulsive strikes in both course. Because of this, an excellent entry level could possibly be on retests of the 200 MA which has proven to be a robust assist degree throughout GDVM’s run.
Given the potential of a merger with Veemost, accumulation is trending upwards in anticipation of stories concerning the speculated merger. Equally, the MACD is bullish to the upside. In the meantime, GDVM is oversold in the intervening time with the RSI at 76. Primarily based on this, GDVM could possibly be poised for a pullback to permit the RSI to control which may make this dip an intriguing alternative so as to add shares. Though GDVM has an OS of three.5 billion, many of the OS is held by Ejiogu – which places the inventory’s float close to 324.7 million.
GDVM Inventory Forecast
With the corporate set to develop into working upon being acquired by Ejiogu, GDVM presents an intriguing alternative for bullish buyers. On condition that Ejiogu is already Veemost’s CEO, many buyers are assured a merger with Veemost could possibly be proper across the nook. Moreover, Ejiogu’s curiosity in defending shareholders’ worth by canceling shares and promising no dilution may appeal to extra buyers to the inventory which might replicate on GDVM’s PPS. In the meantime, being a completely PCAOB audited firm may permit GDVM to hunt an uplisting to the NASDAQ upon its anticipated merger. Contemplating Ejiogu’s promise to share extra updates quickly, GDVM inventory is without doubt one of the penny shares to spend money on in anticipation of the information.
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