Global Developments Holdings Inc (OTCMKTS: GDVM) share has been on a steady rise for the past six and a half months. The company’s performance in 2023 shows that the share was growing, then it saw a sudden surge, only to crash back down. However, the company’s 6M chart clearly indicates that the share has been rising steadily, and both rapid surges followed by sudden crashes — one in November/December 2022 and another in February 2023 — were only brief pumps. The stock’s performance overall still indicates that GDVM is seeing a strong, steady rise, which was not affected by these instances of strong volatility.

The GDVM price was fairly stable for the first eight months of 2022, slightly fluctuating around $0.0040. However, at the end of August 2022, the price started to grow. The growth was steady, healthy, and the price kept going up, almost completely uninterrupted until November 3rd. At the time, it reached $0.0527, but after reaching this level, it saw a slight correction to a support at $0.040. After only about a week at this level, a rapid surge took it all the way up to $0.1109. The surge started around November 16th, and it reached its peak by December 6th.

After that, a rapid correction made the price crash back down to $0.056 later on the same day. After an attempt at recovery, the price dropped again on December 14th, this time sinking to $0.038. From there on, the price managed to return back to its steady growth, which actually lasted until late January 2023. At the time, it reached $0.066, when another surge took place, starting on January 27th.

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In the following month, the price climbed up to $0.1359, reaching this height on February 23rd, which was once again followed by a rapid crash back to $0.0726. What followed was a few weeks of stability, which led the price to finally grow back up again, to $0.0862, on March 9th. This was followed by another mild correction to $0.769, which is where the GDVM price sits right now at the time of writing.

Global Developments Holdings, Inc (OTCMKTS: GDVM) price behavior has been quite significant over the last six months. However, it is also worth noting that most of these developments — the beginning of the six-month steady growth, as well as rapid price surges in between — took place when some major developments for the company happened. For example, the price started climbing up in August after reports that it reduced OS by 525 million, with rumors that significant moves are being made behind the scenes. At the time, it was rumored that the company was planning a reverse merger, which is exactly what it was doing, as it was discovered later on.

Following that, reports in November emerged, noting that the reverse merger is heating up, especially as the new CEO was affected by massive share reduction. The merger was with a company VeeMost, and by early December 2022, it achieved its 4th advanced specialization. At the time, reports were also praising GDVM as its stock price continued to skyrocket. The stock has been under heavy accumulation from the moment Mr. Melvin Ejiogu, an executive who also acts as President of VeeMost Technologies, became the controlling shareholder. He said:

$GDVM majority control acquired and all outstanding debt purchased. I also purchased 12% of outstanding shares and returned them to the treasury. No dilution will occur. I’ll be sharing updates soon with everyone on our new journey.

His new dilution policy affected a massive share reduction, as mentioned, and trapped the market makers, who were seriously short. The reverse merger stocks have proven that they can be much more explosive than biotechs, assuming that the incoming company has real value. By mid-February, Global Developments became the highest overall rated company in the Shell Companies industry. It had an overall score of 66 while and an average score of 43. This means that, on average, the stock in this industry tends to score higher than 43% of the stock market. However, according to Ejiogu’s tweet published on February 17th, he was working on getting the shell status removed from GDVM.

$GDVM – We are pleased to announce that we have been approved as a vendor by a global telecommunications provider, and we are working to get the shell status removed from $GDVM. Further updates coming.

— Melvin Ejiogu (@MelvinEjiogu) February 17, 2023

Global Developments Holdings, Inc (OTCMKTS: GDVM) is a company that provides expert consulting for businesses. It is a principal investment firm that specializes in acquisitions and early-stage financing of emerging growth companies. It describes its service as fast and reliable, and it can help whether its clients need help with finances, advice on theoretical matters, or assistance with practical tasks.

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It has a highly-qualified team that is happy to assist with any needs in both private and commercial spheres. The company is based in Delaware, and it was incorporated on December 9th, 2004, as Autobahn International, Inc. However, in 2016, it rebranded to Global Developments Inc and then once more to Global Developments Holdings, Inc, on September 20th, 2018.

For the time being, the company’s stock is still growing steadily after starting to increase in August of last year. The past price surges, followed by sharp corrections, are fairly normal behavior. Prices tend to surge after beneficial developments, and a sharp rise is always followed by a sharp correction. The positive thing is that the price continues to increase after the correction is over, and the chart above clearly shows that the company continues to thrive under the new leadership. We will be updating on GDVM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GDVM.

Disclosure: We have no position in GDVM and have not been compensated for this article.

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Asia Broadband, Inc. (OTCMKTS: AABB) saw its stock price surge by over 10% in the last 24 hours following its decision to pursue market manipulation legal action against some major market makers. The firm’s stock price surged from $0.0290 to the current $0.0334, which was also the closing price on Thursday, March 9th. Before this, the firm’s price has had several spikes up over the last six months, although each of them was too sharp to last, and they were always followed by just as strong corrections. The last big example came around February 21st, with January 31st before that and January 17th before that.

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The situation was slightly different in late 2022 when Asia Broadband saw a strong price surge around November 23rd, which led it to the high point of $0.0559 by December 6th. The following correction took the price back down to an average level of $0.033, with the price fluctuating around it until early February 2023. After that, the price sank to the support at $0.030, and it just broke it in the early days of March, going down to $0.028 before surging back up over the last two days.

Over the past six months or so, each of the strong price reactions that AABB has displayed took place roughly around the same time as some important events for the company. For example, in December 2022, the company launched the GoldenBaboons.com website in preparation for the launch of its Gold-Backed NFT Baboons collection, which went live in January. The collection Golden Baboons Mining Club (GBMC) was the first NFT collection that AABB has created and published. Furthermore, it is backed by gold, like the company’s AABBG token.

Another time the price had reacted was in January of this year, right after the reports of Asia Broadband completing a plant site purchase to process gold and silver ore. The firm announced the purchase of the new processing facility, and an evaluation report has estimated the stockpile to represent more than $800 million in gold and silver. Reports at the time have called the stockpile processing project the largest high-yield asset addition for the firm to date, and it was considered a part of its strategic expansion initiative, meant to help the Company acquire gold production and increase AABB’s physical gold holdings. Then, only about a week after that, new reports said that Asia Broadband is continuing its strategic expansion of its Central America cryptocurrency operations hub in El Salvador — specifically, in its Bitcoin City.

$AABB – Asia Broadband Confirms #Gold-Backed Baboons #NFT Collection Release Date With Expanded Marketing Programhttps://t.co/ycd2uP6ZQx pic.twitter.com/AG3c2OGtle

— Asia Broadband, Inc. (@AsiaBroadband) January 25, 2023

Finally, in mid-February, the company announced a registration deadline to purchase its gold-backed Baboons NFT collection during the NFT mint event. The deadline was February 22nd, and the minting took place after that, on February 28th. As for this latest AABB price surge, it came around the time when another new report emerged, stating that Asia Broadband pursues market manipulation legal action against major market makers for AABB shares on OTC Markets.

The legal initiative has actually progressed for months, as the company noted that many shareholders and public firms received expressing that the AABB share price was subjected to long-term repression by deceptive and false trading practices. Furthermore, other OTC Market issuers were already publicly exposed and legally challenged due to their market maker manipulation practices. Apart from that, Asia Broadband is also pursuing legal action against a number of parties for multiple defamatory internet posts.

The Company experienced similar defamation attacks several years ago, and the situation was resolved to the firm’s advantage, with the posts permanently removed. The company’s CEO and AABB President, Chris Torres, said:

We have an obligation to our shareholders to do everything in our power to protect their investments in our Company’s shares. Our share price is not reflecting the true value attributed to the Company’s successes in recent years due to deceitful and profiteering market manipulation.

While the name, Asia Broadband, Inc. (OTCMKTS: AABB), suggests that this is a telecommunications firm, AABB is actually a mining stock. Operating as a resource company with a special focus on the production, supply, and sale of precious and base metals, Asia Broadband primarily sells to Asian markets.

The firm uses specific geographic expertise, coupled with extensive industry contacts and a long and rich experience to facilitate innovative distribution processes from the production and supply of base and precious metals in Mexico to its clients, which can be found all over Asia. With that said, the company’s most prominent move as of late has been an attempt to develop a gold-backed cryptocurrency token and a gold-backed NFT collection mentioned earlier. The token itself is known as AABBG, and it was backed by $30 million in gold holdings as of 2021 when it was originally released.

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Despite the relatively poor stock price performance, Asia Broadband, Inc (OTCMKTS: AABB) is a mining firm that has great potential for the future. Its involvement with crypto assets and the fact that it supplies Asian clients both work in its favor. Asia is emerging as one of the leading regions in terms of technology and digital assets. With the company operating in the West on behalf of the East, it is in a perfect position to grow. Furthermore, if allegations of defamation and market manipulations from its lawsuit turn out to be true, that would explain the difficulties in AABB’s performance that the company has been facing, which could allow its stock to start growing once these negative aspects get removed. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AABB.

Disclosure: we hold no position in AABB, either long or short, and we have not been compensated for this article

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Netlist, Inc. (OTCMKTS: NLST) is seeing strong and steady growth of its stock price for the first time since July 2021. Back in mid-2021, the company saw a rapid stock price surge that took it from $2.22 on June 14th to $8.31 by July 26th. Following that, the stock price saw a sharp decline to $5, only to skyrocket again, although this time only to $7.87, which was in late October 2021. From that point forward, the price has been seeing a decline, marked by regular upward spikes that represented short-lived surges, each weaker than the last. This same kind of stock price behavior followed NLST throughout 2022 until it finally reached what is presumed to be its bottom at $0.90 on December 8th, 2022. At that point, in the final days of the previous year, Netlist stock price started its first real recovery after a year and a half of crashing.

The growth started on December 9th, and by December 16th, the price had already climbed to $1.43. After that, it corrected slightly in the last two weeks of 2022, only to start growing more strongly and with greater consistency as soon as the new year kicked off. NLST price kept growing steadily until March 2nd of this year, when it took a huge leap up, going from $2.25 to $2.88 in a single day.

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After that, a small correction took place, but the price bounced back up, going all the way up to $3.41. At the time of writing, March 9th, the price sits at $3.39 per share after surging by 11.15% in the last 24 hours. It is slightly below yesterday’s high, although the opening of the market today is expected to bring further growth.

Netlist’s stock price growth over the last several months has not been random, however. The company’s shares were responding to positive news, such as the fact that Netlist received favorable claim construction order against Samsung in US District Court for the Eastern District of Texas. Reports of this emerged around mid-December, right as the price finally started going up after going down for months. Interestingly, the continuation of that particular case is scheduled for March 27th of this year, and it might give the company an additional boost.

Moving on, Netlist published its Q4 2022 in the second half of February, reporting a quarterly loss of $0.06 per share vs the estimates of a loss of $0.04. This compares to a loss of $0.04 per share from a year earlier, and the report represents an earnings surprise of -50%.

Days after the report was published, Netlist held Fourth Quarter 2022 Earnings Conference Call, during which Chuck Hong, the company’s CEO, as well as Gail Sasaki, the firm’s CFO, addressed the figures in the report, further explaining the company’s performance. Hong stated that Netlist delivered a strong top-line performance in 2022, with a full-year product revenue going up by 58%, while the product gross profit improved by 34% compared to the year before. He stressed that the results reflect the favorable price as well as the demand environment, which was noticeable in the first half of 2022. The second half of the year saw the post-pandemic drop in demand, which was then combined with massive inventory build-up, resulting in a historical downturn in the memory industry, at least when it comes to its severity and scope.

However, he also noted that analysts expect to see a gradual improvement in the market by the end of 2023, which is when the levels of memory inventory should start to normalize again. Of course, the demand is likely to remain sluggish throughout the rest of the year, so the company’s performance will likely be impacted. Even so, technical indicators involving NLST suggest that the sentiment is on the company’s side, suggesting a strong buy at this time. Fresh reports have noted that the company’s share price crossed above its 200-day moving average during trading on Wednesday, March 8th. The stock has a 200-day moving average of $2.00, and it hit $3.41, as mentioned.

Netlist, Inc. (OTCMKTS: NLST) is a leading provider of high-performance modular memory subsystems to the world’s premier OEMs. The company specializes in hybrid memory solutions, and it patented memory technologies that provide superior performance. Its solutions come with a wide array of use cases, being applied in various industries that require superior memory performance to empower critical business decisions, from databases to enterprise applications. The firm also has a long history of unveiling disruptive new products and being the first in the market to offer innovative solutions.

The firm’s CEO, Chuck Hong, said:

Fundamental shift to assist self-managing memory is what Netlist has pioneered a decade ahead of the industry. Our efforts have resulted in breakthrough innovations in the areas of load reduction, HBM and DDR5 on DIMM power management from which the computing industry benefits today and will continue to benefit in the future.

$NLST Netlist Something is cooking pic.twitter.com/1eAa9oYPdQ

— TradingSecrets (@TradingSecrets7) March 2, 2023

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Netlist has seen some outstanding performance over the last several months, and while predictions for 2023 do not promise great success, they do promise a return to normal operations. The past few years have been anything but standard, which is why the company’s performance is still quite decent, especially in light of all the businesses that did not make it between the start of the pandemic and now. Lastly, Netlist does seem to have a positive prediction for the future, and its stock price reflects it even now. We will be updating on NLST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NLST.

Disclosure: we hold no position in NLST, either long or short, and we have not been compensated for this article

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