SDCRBS
1 day ago
ONLY 7 TRADING DAYS UNTIL OTCID - How this WILL affect VeeMost and by extension, US?
How the OTCID Will Work
The OTCID will operate by enhancing transparency and accountability within the Over-the-Counter (OTC) market. By introducing a structured framework for disclosures and certifications, both issuers and investors stand to benefit significantly. Here are some of the key advantages that the OTCID will bring:
Disclosure Requirements: Continuous disclosures and management certifications will ensure that investors receive more reliable information regarding companies’ operations and financial performance.
Accountability for Issuers: Companies will be held to a higher standard for their disclosures. This accountability will promote a culture of compliance, which can attract institutional investment.
Market Revitalization: The reclassification of companies under the new tier has the potential to reinvigorate interest in the OTC market by drawing in speculative investments.
Technological Integration: Utilizing a modern platform like OTCIQ will allow companies to benefit from various technological advancements, such as automated reminders for reporting deadlines, digital tools for disclosure preparation, and enhanced security features to safeguard sensitive information.
Facilitation of Capital Formation: OTCID will aid in facilitating capital formation by making it simpler for companies to demonstrate their compliance and transparency to prospective investors. This increased credibility could attract more institutional and retail investors to the OTC market.
By addressing these key areas, the OTCID aims to create a more robust and appealing environment for both issuers and investors.
Implications for Issuers
For companies operating within the OTC market, transitioning to OTCID presents both opportunities and challenges. Among the opportunities, increased visibility is a significant benefit, as compliance with new reporting requirements can enhance a company’s profile among transparency-focused investors. Additionally, meeting these disclosure standards may provide access to institutional capital, attracting investors who are typically cautious about engaging with less regulated environments.
However, there are challenges to consider as well. Compliance costs can be a burden, especially for smaller companies, as they may face increased expenses related to new reporting requirements and management certifications. Furthermore, there is a commitment to ongoing disclosure, requiring issuers to ensure they have sufficient resources to maintain compliance with continuous reporting obligations.
Implications for Investors
Investors stand to benefit significantly from these changes. Access to reliable information enables more informed investment decisions, particularly in the realm of micro-cap stocks. This access allows investors to evaluate their options more thoroughly and make choices based on comprehensive data. Additionally, the ability to distinguish compliant issuers from non-compliant ones aids in risk mitigation, helping investors avoid potential pitfalls associated with poorly managed or fraudulent companies. Furthermore, greater engagement opportunities arise as enhanced transparency encourages investors to engage with companies that demonstrate accountability and openness.
The Future Landscape of the OTC Market
Looking ahead, several trends are likely to shape the evolution of the OTC market:
Technological Integration: Enhances efficiency and transparency across trading processes.
Regulatory Developments: May lead to further improvements in reporting standards across financial markets.
Globalization Trends: International companies will seek opportunities in U.S. markets through platforms like OTCID.
The establishment of OTCID represents a significant step forward in creating a more organized and transparent environment within the OTC market. By prioritizing issuer engagement and accountability while protecting investor interests, this initiative has the potential to reshape how participants interact within this crucial segment of finance.
Conclusion
The launch of OTCID is more than just a regulatory change; it represents an evolution towards a more transparent marketplace that benefits all stakeholders involved. As we approach July 2025, it is essential for both issuers and investors to understand their roles within this new framework. Embracing transparency will ultimately foster stronger relationships between companies and their investors, creating an environment where informed decision-making prevails.
With these advancements on the horizon, stakeholders should remain vigilant and proactive in adapting their strategies within this changing landscape. The future looks promising as we move towards a more accountable financial ecosystem through initiatives like OTCID. This transformation could breathe new life into U.S. micro-cap markets, making them vibrant venues for capital raising and investment opportunities.
Link to full article: https://blog.colonialstock.com/introducing-the-otcid-a-transformative-shift-in-the-otc-market/
I have found a number of articles and blogs that all appear to be in favor of this new designation in the OTC for both the Company as well as its investors.
SDCRBS
2 days ago
ChuckBits, thank you for your reply as I think it is important to understand the answer to that observation for all shareholders. (The following is what I have gathered in reading about the new program and is only my opinion as I understand it.) It appears to me that the key to understanding why Melvin said what he did is in the Cisco 360 Program announcement. If you read it carefully, Cisco has announced that additional help is being offered to all Partners, they are encouraging all Partners to achieve as many specialization positions as possible. So (IMO), Melvin is still trying to achieve the Gold Status as stated.
1st) VeeMost has a Splunk partnership currently. Because of this, there are tools available for a cross-program partner specializations. These specializations became available on November 20, 2024 and will protect Splunk partners’ investments and allow Cisco partners (such as VeeMost who is a Splunk partner) to expand their expertise and reach more customers
2nd They are encouraged to continue to achieve as many positions in the Current Partnership Program as possible and Cisco has made 2 additional specializations available.
FROM THE NEW CISCO 360 PARTNERSHIP RELEASE
"Get started today"
"We have some exciting immediate steps available to you:"
"We are excited to announce the first AI focused specialization. The Cisco AI-Ready Infrastructure Solution Specialization was designed to meet demand for advanced Cisco AI infrastructure solutions, delivered by expert Cisco partners. This new specialization positions you to deliver business outcomes that matter most today.
For Managed Service Providers (MSPs), we have also added two new Cisco Powered Services Specializations:
Secure Access / Security Service Edge (SSE)
Industrial OT Security
These will help you meet growing market demand for security-focused managed services, while driving growth with differentiated solutions.
Finally, we encourage you to get trained in the latest Security & Observability solutions available in the current Cisco Partner Program and Splunk Partner Verse. To support your investments, we are excited to announce cross-program partner specializations. These specializations, available on November 20, 2024, will protect Splunk partners’ investments and allow Cisco partners to expand their expertise and reach more customers.
Looking ahead
Over the next 15 months, we will roll out the program in a phased approach starting with a focus on the Security portfolio and providing deeper insights into your organization’s value index. Then we will roll out additional indices for Collaboration, Networking, Cloud & AI, Services, and Observability —all accessible on Partner Experience Platform (PXP).
The Cisco 360 Partner Program reflects everything we have heard from you—your insights, challenges, and ambitions. We know that predictable growth fuels your ability to innovate, invest, and create meaningful outcomes for customers. And we are committed to your profitability, providing the tools and resources you need to unlock new opportunities."
Exciting times are ahead as Melvin works to make VeeMost a NASDAQ Company !!
ChuckBits
2 days ago
SDCRBS, Thank you for following up & reminding me. I really don't want to piss on my investment and I wanted to let it go, but the reason I asked if Melvin knew about Cisco dropping the "Gold" designation is because nearly 6 MONTHS after the announcement, Melvin said they "remain committed to achieving Gold Partner Certification by 2026".
Cisco made the announcement at the end of October 2024 in Los Angeles. But when VeeMost released their 2024 Annual Report on April 15th, 2025, Melvin said:
And, as far as "certifications", I think the stuff you're referencing from 2023 is no longer valid. Cisco provides a site where you can look up "partner certifications" and I don't see 5?
Any thoughts as to why Melvin told us they were still committed to "Gold Certification" in April 2025, 6 months after it no longer existed?
SDCRBS
2 days ago
It appears that OTCQB will not be difficult to achieve from OTCID when reading "The Eligibility Requirements for OTCID" as follows:
Eligibility Requirements
Audited Annual Financials (PCAOB Audit required for U.S. Companies)
Bid price of at least $0.01 for proprietary priced quotations published by a Market Maker in OTC Link** (for the last 30 days)
Not be in bankruptcy
At least 50 Beneficial Shareholders, each owning at least 100 shares (1000 + as of last report)
Freely traded Public Float of at least 10% of the total issued and outstanding of that security
Transfer agent that participates in the Transfer Agent Verified Share Program (US and Canadian companies only)
** Companies that do not have proprietary priced quotations may become quoted by undergoing an “Initial Review” by OTC Markets Group or by having a broker-dealer file and clear a Form 211 with FINRA. Companies that may require an initial review include private companies looking to start a public market, non-U.S. companies listed on a foreign stock exchange, companies that were previously delinquent in their reporting obligations and companies with securities on the Grey Market. OTC Markets Group may conduct the initial reviews as part of the OTCQB application and approval process for qualifying companies. Shell Companies (or companies that display characteristics common to Shell Companies) and companies with less than 10% public float applying to the OTCQB Market should work directly with a broker-dealer to submit a Form 211 with FINRA.
View the complete list of OTCQB Eligibility Requirements ( https://www.otcmarkets.com/files/OTCQB_Standards.pdf )
Reporting Requirements
Meet one of the following Reporting Standards:
SEC Reporting Standard
Regulation A Reporting Standard (Tier 2)
U.S. Bank Reporting Standard (CUSIP Number 922462106)
International Reporting Standard
Alternative Reporting Standard
Timely disclosure of material news
Corporate Governance Requirements (Alternative Reporting only)
Have a board of directors that includes at least two Independent Directors
Have an Audit Committee, a majority of the members of which are Independent Directors
Verification Requirements
Maintain a Verified Company Profile
Post an annual Management Certification (except for International Companies)
Background Checks
OTC Markets Group conducts comprehensive background checks on issuers, officers, directors, controlling shareholders and affiliated persons to maintain the integrity of the OTCQB and OTCQX markets. We also collect this information prior to granting a company access to the OTC Disclosure and News Service. A company can be disqualified from the OTCQB and OTCQX markets or denied services if OTC Markets determines, in its sole and absolute discretion, that the admission for trading on OTCQX or OTCQB or granting access to the OTC Disclosure and News Service would be likely to impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors. Our process includes a review of a person’s legal and regulatory history, including criminal convictions, civil court orders, SEC disciplinary orders, SEC cease-and-desist orders, and suspensions from a self-regulatory organization. We may also consider ongoing regulatory or criminal investigations and civil actions related to securities law violations, fraud, forgery, counterfeiting, or other related offenses.
SDCRBS
2 days ago
ChuckBits, I almost missed this fact, with the upcoming Cisco partnership program change only having 2 partnership positions available - "Premier" and "Select", I was surprised to see when reading in one of VeeMost's press releases, it appears that VeeMost is already a "Cisco Premier Partner" and already and has 5 certifications as a Premier Partner. With the Gold designation now going away, that puts VeeMost as having the top designation already and so VeeMost is ready for the February change over now.
Quote from Press Release:
"In addition to being a Cisco premier partner, VeeMost is currently working to become a gold integrator and has now obtained all required certifications such as Cisco Customer Experience Specialization, Advanced Enterprise Network Architecture Specialization, Advanced Service Provider Architecture Specialization, Advanced Collaboration Architecture Specialization, and Advanced Security Architecture Specialization." (Press release date 2-23-23)
Also, announced in one of the press releases on 3-14-2025:
Expansion into the Defense Industry
VeeMost has also secured multiple contracts with a defense industry company, strengthening its role in providing secure, high-performance IT solutions to critical infrastructure and national security sectors. These deals mark an important milestone as the company expands its capabilities to serve defense and government-related clients.
AND ...
Progress Toward GSA Schedule Approval
VeeMost has officially begun the process of obtaining a GSA Schedule contract, which will provide direct access to federal, state, and local government contracts. To streamline this process, VeeMost has engaged the services of Government Services Exchange (GSE), a leading consulting firm specializing in helping businesses obtain GSA certification and secure government contracts.
“GSE has an outstanding track record of guiding companies through the GSA approval process, and we are confident that their expertise will help us achieve certification efficiently,” said Mr. Ejiogu. “The GSA Schedule is a key part of our long-term growth strategy, opening doors to significant government business opportunities.”
AND FOR THE ONLINE STORE ...
New Vendor Partnerships with Vertiv, Nutanix, and Lenovo
To enhance its portfolio of solutions, VeeMost has established new strategic partnerships with vendors such as Vertiv, Nutanix, Lenovo and more. These partnerships will allow the company to continue to provide cutting-edge IT, cloud, and infrastructure solutions to its clients, including businesses, government agencies, and educational institutions.
“With the addition of these key partners, we are positioned to deliver even more comprehensive and scalable solutions to our customers,” said Mr. Ejiogu. “Our goal is to continuously expand our offerings and meet the evolving needs of our clients.”
SDCRBS
2 days ago
Coming up July 1, 2025 - VeeMost appears ready for OTCID - Melvin has made sure that VeeMost is Current, Provided Management Certification and published baseline information. Only 8 business days until July 1st, 2025. To be ready, companies were encouraged to have the above information submitted to the OTC Markets by May 1st, 2025 which Melvin has completed.
OTC market changes coming July 1
Effective July 1, 2025, Pink Current will cease to exist and the OTC Markets Group will launch the OTCID Basic Market. OTCID will be for companies that publish baseline information, provide management certification, but do not meet the qualitative standards of the OTCQX and OTCQB markets.
With the upcoming changes, issuers currently listed on Pink Current could take proactive steps to transition to the new OTCID Basic Market. These steps include ensuring that they publish baseline information, provide management certification, and meet the qualitative standards required by OTCID.
SDCRBS
5 days ago
CISCO's $80m injection
Cisco also unveiled an $80m skills investment which it said will help its partners compete in the market.
Some $60m of that will support qualified partners with benefits including all-access Cisco U. subscriptions for skill development and certification. The remainder will be used to fund quarterly training events for all partners.
Melvin (and company) is continuing the education needed to maintain his Managed Services Portfolio ...
VeeMost's Managed Services portfolio includes:
Managed Network Services
Routers, switches, access points, servers, and more.
Managed Security Services
Firewalls, IPS, IDS, Malware, Antivirus, Web-filtering, email filtering, periodic penetration tests, and much more.
Managed Datacenter Services
Manage uptime of physical and virtual data center services, devices and locations.
Managed Collaboration Services
Zoom, Cisco Call Manager, Cisco Webex, Contact Centers, other PBXs, and more.
Equipment Maintenance
Equipment contract renewals, replacement services, and more.
Disaster Recovery Services
Disaster recovery services for critical applications, server infrastructure, network devices, datacenter sites, etc.
SDCRBS
6 days ago
GOOD NEWS ChuckBits,
Notice what Cisco's new partnership program is replacing the current Gold partnership status with, it is now "Premier Partner" and "Select Partner" levels as of 1 February 2026, with partners able to earn Cisco Partner and "S" for Security, "Networking", "Collaboration", "Cloud & AI", and "Observability". Cisco’s new program will continue to shift from traditional architecture Specializations to solutions-based Specializations.
As I see it, Melvin is already focusing on the new Cisco Partnership Program and told us without pumping the stock in his quarterly update. I noticed the following: Cisco Partner and "S" for Security, "Networking", "Collaboration"
Notice how Melvin has refocused VeeMost's future focus ...
Looking Ahead
With a stronger financial foundation, new contracts in key sectors, and a pending FINRA approval that will bring corporate clarity, VeeMost Technologies is well-positioned for sustained growth.
The company remains committed to:
✅ Expanding its government contracting business through the GSA Schedule process
✅ Securing more E-Rate contracts to support schools and educational institutions
✅ Strengthening its cybersecurity and IT services footprint through new strategic vendor partnerships
✅ Delivering shareholder value through smart financial decisions and targeted growth initiatives
With newly secured contracts from a company serving the defense sector, VeeMost is further expanding its presence in government-focused IT solutions, reinforcing its ability to provide cutting-edge technology and security-driven services.
✅Forming new vendor partnerships with Vertiv, Nutanix, Lenovo, and more
YES, Melvin is already working towards being a Premier Partner !!
SDCRBS
6 days ago
Cisco's partnership program is changing & VeeMost is a cisco Partner -
by Oxygen staff - 29 October 2024 in Vendor, News
Cisco is binning its prized Gold partner status in what it is positioning as its biggest partner program overhaul in nearly 30 years.
Unveiled at this week’s Cisco Partner Summit 2024 in Los Angeles, its new Cisco 360 program me will go live on 1 February 2026.
Here we round up five things' partners need to know…
1. Biggest change for 30 years
Designed to “recognize the diverse ways partners add value to customers”, Cisco 360 is being billed by the networking giant as “the most significant evolution” of its partner program in nearly three decades.
It comes as Cisco continues to push further beyond its hardware roots and into software, cybersecurity and AI. Some 51% of its $53.8bn top line was generated by subscription revenues in its latest year (including the contribution of recent acquisition Splunk).
Cisco 360 is therefore designed to reward partners on lifecycle and managed services, skills investment, customer base expansion, and engagement across the customer journey and partner ecosystem, it said.
“It is inclusive of all the different ways partners contribute value to our customers – whether they are influencing customer choice and/or transacting resellers, distributors, ISVs, system integrators, managed service providers, consultants, or others,” it stated.
2. Getting rid of Gold
So revered by its top partners including Computacenter, Cisco Gold status is being axed under Cisco 360.
The new framework will have two designations, in the form of Cisco Partner and Cisco Preferred Partner.
They will replace the current Gold, Premier and Select levels as of 1 February 2026, with partners able to earn Cisco Partner and S for Security, Networking, Collaboration, Cloud & AI, and Observability.
It comes after Microsoft binned its precious-metals based partner designations following its move to its new AI Cloud Partner Program.
3. Specialist shift
Cisco’s new program will continue to shift from traditional architecture Specializations to solutions-based Specializations, the vendor emphasized.
On that note, it yesterday announced its first specialization based on AI – the Cisco AI-Ready Infrastructure Solution Specialization. It is designed to “position partners as experts in delivering AI-ready infrastructure, security, and observability solutions and services to customers throughout their AI adoption journey”.
4. 15-month ramp
Cisco stressed it will guide partners through a 15-month transition period leading up to the program’s launch in February 2026.
To ensure a “smooth transition”, Cisco will extend all partner anniversary dates for roles, levels and customer experience specializations to 1 February 2026, with “no action needed if partners with to maintain their current status”.
“Whether through lifecycle practices, technical capabilities, or managed services, partners can drive profitable growth with our new value-based program. With a 15-month transition, partners have time to prepare and maximize their potential in Cisco 360 Partner Program,” said Rodney Clark, Senior Vice President of Partnerships and Small and Medium Business at Cisco.
5. $80m injection
Cisco also unveiled an $80m skills investment which it said will help its partners compete in the market.
Some $60m of that will support qualified partners with benefits including all-access Cisco U. subscriptions for skill development and certification. The remainder will be used to fund quarterly training events for all partners.
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