Golden Developing Solutions, Inc. (DVLP) Announces Shareholder Update

Rhea-AI Summary

Golden Developing Solutions Inc. (OTC PINK:DVLP) has announced significant updates following a year of efforts to achieve Pink Current, fully reporting status. As of December 15, 2021, the recent dilution has been completed, confirmed by both the note holder and the transfer agent. The company has reduced Authorized Shares by 1.5 billion, and further negotiations on reducing Outstanding Shares are underway. DVLP plans to announce new ventures and acquisitions within 90 days while ensuring no reverse splits at current price levels to preserve shareholder value.

Positive

• Completed recent dilution, confirming debt reduction.
• Reduced Authorized Shares by 1.5 billion.
• Plans to announce new revenue-generating ventures within 90 days.
• Avoiding reverse splits to preserve shareholder value.

Negative

• None.

Golden Developing Solutions Inc. (OTC PINK:DVLP), an emerging fully reporting company in the Health, Wellness, and cannabis marketplaces, today announces following Shareholder Update

FORT LAUDERDALE, FL / ACCESSWIRE / December 21, 2021 / Throughout the year, we have worked very hard with OTC Markets and SEC to enable the change from Stop to a Pink Current, sec fully reporting status. We would like to thank our shareholders for their patience and loyalty during this lengthy process.

DVLP would like to update our shareholders on some important and exciting developments at our company:

1. As of December 15, 2021, The recent dilution is complete. This note holder has confirmed that they have converted all their shares and our TA has also verified this.
2. The corresponding Note will reflect a reduction in debt from our balance sheet.
3. We have reduced the Authorized Shares (AS) by 1.5 Billion shares. This has been filed with the State of NV.
4. Other strategies of reducing the outstanding shares(OS) are currently being negotiated.

Over the next 90 days or sooner, we intend to provide clarity to our shareholders on multiple new ventures, acquisitions, and/or mergers with successful, revenue generating business.

To preserve shareholder value, we will avoid reverse splits of the stock at the current price level.

We will communicate this to potential merger candidates to ensure reverse splits are avoided unless they are clearly done to substantially increase shareholder value (such as up-listing to a higher exchange).

We encourage our shareholders to follow our twitter account @OTC_DVLP

Wishing all of you a Merry Christmas and Happy Holidays.

Respectfully,

Stavros Triant
stavros@goldendeveloping.com

SOURCE: Golden Developing Solutions, Inc

View source version on accesswire.com:
https://www.accesswire.com/678725/Golden-Developing-Solutions-Inc-DVLP-Announces-Shareholder-Update

FAQ

What recent updates did DVLP announce for shareholders?

DVLP announced the completion of recent dilution, a reduction of Authorized Shares by 1.5 billion, and plans for new ventures within 90 days.

What is the current share dilution status for DVLP?

As of December 15, 2021, DVLP confirmed that the recent share dilution is complete.

Will DVLP conduct reverse stock splits?

DVLP plans to avoid reverse splits at current price levels to preserve shareholder value.

What changes were made to DVLP's Authorized Shares?

DVLP has reduced its Authorized Shares by 1.5 billion shares, reflecting a significant step in restructuring.

What is DVLP's plan for new business ventures?

Over the next 90 days, DVLP intends to provide clarity on multiple new ventures, acquisitions, or mergers.