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GVSI is looking great for sure now thanks BigMoneyChalupa.👋🏾🏇🏾
The 15c2-11 issue can be more complex than one realizes. One must know that there are Red Flag Issues that a MM may deem questionable including that WNFT is a shell.
Shell corporation’s acquisition of private company. A shell corporation is characterized by no business operations and little or no assets. In a fraud scheme, a reporting company with a large number of shares controlled by one person or a small number of persons often merges with a non-reporting company that has some business operations. The new public company is then used as the vehicle for “pump and dump” and other fraudulent schemes. Broker-dealers placing quotes for these issuers’ securities should be aware of the potential for abuse. Offerings under Rule 504 of Regulation D where one or more of the following factors are present:
Another possibility is the following.
Concentration of ownership of the majority of outstanding, freely tradable stock. Concentration of ownership of freely tradable securities is a prominent feature of microcap fraud cases. When one person or group controls the flow of freely tradable securities, they can more easily manipulate stock price, compared to when the securities are widely held. In a “pump and dump” scheme, retail interest is stimulated, and the price of the securities is manipulated upward. Often, other broker-dealers that are not intentionally participating in improper activities publish quotations in response to an escalating demand for the security. The promoters of these companies, company insiders, and unscrupulous brokers make substantial profits when they sell their shares at inflated prices. When the scheme is over, the security’s price plummets. This leaves innocent investors who paid a premium price holding worthless shares.
https://www.issuerconsulting.com/services/15c211-application/
Of note in the case of GVSI is the following.
inconsistent financial statements, altered financial statements, or altered certificates of incorporation.
Been off the boards for a couple of days. Seems I haven't missed anything. My computer says 40 new posts since I was on, but I only see 21, so about half of the posts are from confirmed iggyed bashers. Go $GVSI
The issue with WNFT is George is FOS! If he had a real merger candidate he could have paid off Calasse and moved on. LOL
Simple common sense.
Buddy, I worked in the securities industry for a couple of years, and I think I might know a thing or two about securities law as it applies to the financial markets
And when it comes to such matters, the SEC is the supreme law of the land. FINRA is like the SEC's little brother, and if you are fully reporting with the SEC, you are fine. As long as your quarterlies are accurate, there's no sketchy business going on, and you file them on time, then you are fully compliant with the Securities & Exchange Commission.
To clarify your question about the 15c2-11 warning sign you see on OTC markets, WNFT most definitely meets the requirements. It's a very simple process:
1. The company must be fully reporting with the SEC.
2. It must have a minimum of ~30-40 stockholders of record holding at least 100 shares each.
3. Finally, it must have a market maker submit 15c2-11 (Form 211) application to FINRA and agree to act as market maker for the company's securities
It appears as though all that is missing is step 3. There are definitely 30 to 40 stockholders, and the company is fully reporting with the SEC. If Sharp wants to get a market maker to file a 15c2-11 to get rid of that warning sign, then so be it. But since there are numerous market makers already quoting WNFT on a daily basis, it appears as though they are "piggybacking" upon one another. (relating to 15c2-11 rule).
I would read up on this when you get a chance: https://www.issuerconsulting.com/services/15c211-application/
WNFT has no legal issues besides Calasse. SRNW is squeaky clean and SEC registered. What's your argument for the contrary? WNFT has more baggage than GVSI? Lmao
I've been picking up a few shares down here because I feel like the selloff was way overdone, but to say that an SEC reporting shell such as WNFT "has more baggage and issues" than GVSI which isn't even compliant with the SEC is a fallacy. The only issue with WNFT is Calasse, and I believe he will be pushed out of the way here before too long.
How humble a compliment from an a-hle and a reply "np"....says it all LMOA
Thanks. This way I don't have to post it as often and is in an easily accessible prominent post.
Do what you want too Anavol it,s all good.💥
Let's review a few uncomfortable CURRENT facts about GVSI:
• FINRA is "concerned" (I'm sure it's more than concerned) about the six years of missing audited financials and previous management's "acts."
• SEC/FINRA approval of name/ticker change that's taking much longer than average (it's been close to a year now for something that FINRA states in its documentation only takes 3 - 4 weeks) - signaling that something went terribly wrong with the SEC/FINRA.
• SEC restriction on corporate actions such as a name/ticker name change and a reverse merger.
• 5 years of SEC/FINRA audited financials delinquent (from 2008 - 2013) *before* filing its Form 15.
• Non SEC registered.
• Non SEC reporting.
• Non audited financials.
• Sharp abandoning getting GVSI audited.
• In continued violation of FINRA Rule 6490.
• FINRA Notice of Deficiency.
• SEC Rule15c2-11 warning.
• Price that has plummeted.
• Accumulation that has plummeted.
• Bloated share structure of 7 billion AS and 2.1 billion OS.
• No reverse merger anticipated and not even a candidate search has begun according to the most recent financials.
• A supposed recent "merger" failure (that wasn't really a merger).
• Sharp dumped his 20 million GVSI common shares and then lied by saying he was never issued the shares.
• A CEO who has repetitively lied and is abrasive, uncaring about shareholders and occupied with other priorities like racing his ponies and attacking other stocks.
What a glowing review from Sharp...full of regret...and in retrospect he would never had done it. Seems like even Sharp thinks GVSI is a disaster.
I had regretted taking over $GVSI. Had I known what I was in for, I would have never had done it. But even my most fervent doubters know that I don't just give up once I start. I spent a lot of my own money to get this done in order to justify the confidence of my supporters. https://t.co/RHSjRXdDyo
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days
— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022
$WNFT reaches the promised land, after shedding its $GOFF persona.
— Worldwide NFT (@WorldwideNFTInc) June 29, 2022
The company will address its shareholders next week in a press release. Please do not rely on other peoples' assumptions. Only rely on the filings and statements made by the company.
Have a good long weekend.
The mandatory settlement conference did not yield an agreement with Calasse, however we anticipate that $WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s). This statement should not be construed as a guarantee for success.
— Worldwide NFT (@WorldwideNFTInc) August 19, 2022
There will be no reverse split, dilution or toxic debt taken on so long as I am involved with $GRDO. Update filings will reflect a zero balance sheet. PRs are forthcoming.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) October 5, 2018
I regret giving the impression that $GRDO would not r/s, but unfortunately, it was the only way to get things done. Why would the shareholders want as much as 800 million shares in dead certificates? The only purpose that serves is to make it more expensive to raise money.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) August 9, 2019
I will never be involved with a company that wipes out the shareholders through a reverse split. $FORW $TSNP
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) November 2, 2020
I had regretted taking over $GVSI. Had I known what I was in for, I would have never had done it. But even my most fervent doubters know that I don't just give up once I start. I spent a lot of my own money to get this done in order to justify the confidence of my supporters. https://t.co/RHSjRXdDyo
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days
— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022
$WNFT reaches the promised land, after shedding its $GOFF persona.
— Worldwide NFT (@WorldwideNFTInc) June 29, 2022
The company will address its shareholders next week in a press release. Please do not rely on other peoples' assumptions. Only rely on the filings and statements made by the company.
Have a good long weekend.
The mandatory settlement conference did not yield an agreement with Calasse, however we anticipate that $WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s). This statement should not be construed as a guarantee for success.
— Worldwide NFT (@WorldwideNFTInc) August 19, 2022
There will be no reverse split, dilution or toxic debt taken on so long as I am involved with $GRDO. Update filings will reflect a zero balance sheet. PRs are forthcoming.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) October 5, 2018
I regret giving the impression that $GRDO would not r/s, but unfortunately, it was the only way to get things done. Why would the shareholders want as much as 800 million shares in dead certificates? The only purpose that serves is to make it more expensive to raise money.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) August 9, 2019
I will never be involved with a company that wipes out the shareholders through a reverse split. $FORW $TSNP
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) November 2, 2020
Should I cover my 90 gorillion naked short shares today?
Looks like another good day in gvsi land.All Right Man.😁😁👋🏾👋🏾
BS from a loser!!!!
Neither $HMBL nor I pump. Period. End of story. The share price took off due to a combination of third party hype and short squeezing. This is not the company's fault. However, tortious interference comes with a price as those guilty of it will soon discover.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) May 26, 2022
5/12 HUMBL never promoted its stock & it is not their fault that it went to a ridiculous $7+. Outsiders pumped the stock through social media & those that write ignorant advice newsletters like @insidrfinancial. It was FOMO & resulting short covering that caused HMBL to go $7+.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 14, 2022
I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days
— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022
You should have just pulled it out.😷 lol lol CoachBerry saved all that money.
You are right CoachBerry.☺️👍🏾
'Bar Coding' is a common phrase, north of the border. I guess it means something different in Mexico. Let me see... You must be thinking it has to do with 'bar hoping' where you get kicked out (marked or coded) by the bouncer for being a drunken idiot. Ok, that would make sense coming from you.
Bingo you are an idiot or you are kiefer pb80 twinn bro, the 3rd fraudster behind pumperteers headboy jokie and Normie...all 3 by the way are locked up in normies Rv in Canada...
That clown was the biggest goof always coming up with pillow talk stuff like in Jan 2023 hey there's a double merger...then gs comes out in late fall 2023 I've identified 2 Seperate companies....looking to aquire merge with....then feb 6th 2024 POOF NO DEAL...
Look it up can't make this horsechit up...
Also delirious u might wanna ""watchout"" for your other scam play ig^ pk ....if a billion $ company merged there already why ain't that pig at $3 bucks already...and whad about a virtual office and rogue email and then the pumpetts there always saying they bought more and never sell....those Clowns are all on the same pump team newbies buy and they sell....the pig can't rven get above 3 vents with a 70 billion company marrying them.
The 2 pump Clowns invest a turd and bundy already tell you they flip 1 made $70,000 this week...trader 69 knows his stuff...many have sold off...just sucker bagholders left...( their changing their name back ohh how to pull a fast one new twist...) .lol...lol...I love watching the 15 pumpertards there but they cannot compete with Mr Normies squard...lol
SLOMO (Slow to missing out)
I sold because I had a root canal to pay for. looking to buy back soon!
I will alway like this quote from someone who was there...."I was in Sharp’s last reverse merger ticker. I bought at .016, it ran to .359, I held almost all of it. It then went to .077, down 80%. I felt stupid, but I stayed the course. It ran to $1.93 and I won, selling shares along the way up."
George is the boss. Never disrespect the boss. Capeesh?
All right you go BigMoneyChalupa✋️
One thing that just boggles my mind is the presence of quite a few very long-term members here that consistently bash the boards, and by that I mean they attack the members trading the stock more than the company itself....
I mean , if you have a beef with the company/stock for some reason....don't attack the shareholders....
You love to pickup a buzzword and ride it much like the nonsense of naked shorting - you posted many times that WNFT had been naked shorted 500 million shares but never provided and facts/proof.
IG
This shows how little you understand securities law.
This is from the OTCM.
"Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making."
Why won't Sharp file a 15c2-11 - he can never do a reverse merger without filing a 15c.
WNFT isn't in good standing with FINRA until Sharp finds a MM to file a 15c2-11 - it has been 3 years ask Sharp why he hasn't filed it.
Sharp has also gifted himself stock from all 3 hijacked shells.
IG
That is hilarious - no serious or sophisticated investors believe that GOFF/WNFT is a clean shell.
Hi-lo has an unhealthy obsession with Calasse because he doesn't understand that Calasse was a puppet CEO - he didn't create or issue any press releases. The SEC never filed a complaint against Calasse.
In the Form 10 Sharp tried to steal the Calasse stock but the SEC caught Sharp and made him return the stock to Calasse.
WNFT has far more baggage and red flags than GVSI and GVSI is loaded with problems.
WNFT isn't a clean shell - ask Sharp if you aren't scared he will ban you - why hasn't he filed a 15c on any of his hijacked shells.
IG
Your ignorance is showing. WNFT is fully registered with the SEC and was able to successfully complete corporate actions with FINRA. Everything about WNFT and SRNW is legit from the perspective of regulators (which is really all that matters).
Sharp has cancelled shares in WNFT and SRNW, so you can't make the "lining his own pockets" and "fleecing shareholders" argument there either. If Sharp wanted to pump & dump his shells, he's had plenty of time to do so. At least the share structure has improved since he's taken over, with zero dilution.
Amen to that. WNFT is clean as a whistle with Calasse gone, and SRNW is squeaky clean. No FINRA or SEC issues whatsoever. I do like the price down here under 1/4th a penny per share. I think the risk reward is quite favorable.
Not even close on that tripled hijacked scam.
WNFT is a clean shell. Period.
Just waiting on the judge's decision.
Bar coding here until year's end... then GS will try his January road show again. It's just dead money until then... and even the wait comes with a BIG 'IF', based on a slew of messy legal proceedings pending.
Actually, Sharp stated it would be late in the 2025 Q1.
"Any new share issuances cannot have restrictions removed from them until the SEC accepts GVSI’s Form 10 filing, complete with two years of audited statements. The Form 10 filing is expected to occur late in the first quarter of 2025 and the SEC typically requires 3 to 6 months for comments/question before accepting such a filing."
Why are shareholders scared of asking Sharp why it is taking another year to file a Form 10?
What that means it will have been 3 years and 5 months since the last Form 10 was withdrawn.
Obviously, there is a significant problem and there is a complete lack of transparency from Sharp.
IG
But you bought into the WNFT scam. The GOFF shell has been hijacked 3 times - first by David Lazar, then Adam Tracy and now by Sharp.
The GOFF/WNFT shell is just as dirty or worse than GVSI.
APS did a pump and dump on GOFF.
You should have done a modicum of research on GOFF instead of blindly following Sharp.
Take a look:
"GOFF Stock Pumped After Murder Charges Issued On Ex-CEO/President
After finishing off with pumping Swingplane Ventures (SWVI) just over a week ago, the Awesome Penny Stocks group wasted no time in scouring through all their shell corporations to take quickly get one of them, Goff Corporation (GOFF), cleaned up and issued before the news was leaked."
"NEW YORK (TheStreet) -- Awesome Penny Stocks, a stock promotion firm that has been implicated in suspected pump-and-dump schemes that have cost investors tens of millions of dollars, appears to be quitting the business as it comes under growing pressure from law enforcement, market regulators and the estranged wife of one of its principals.
Finra has investigated trading in the stocks of North Springs Resources; Goff; Sunpeaks Ventures Inc., which has since changed its name to Pharmagen Inc.; Amwest Imaging Inc., which has changed its name to InterTechSolutions Inc.; Great Wall Builders;Pristine Solutions Inc.; Swingplane Ventures Inc.;Portage Resources Inc.; VuMee Inc.; andPub Crawl Holdings Inc.All of those companies were the subject of paid promotion by Awesome Penny Stocks. Finra's investigations were handed over to the SEC for further enforcement action."
No real company is going to touch GOFF because of all of the baggage.
IG
It's better to actually THINK instead of pumping a garbage can scam.
A lot of good that did people.
Good Vibrations Shoes OTC:GVSI
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