Here is Proof that Paul Carlin was aware & conspired with Ray Barton to scam all GVSI shareholders. I posted this proof on this board last March............................................... rmarc Wednesday, 03/22/17 02:18:38 PM
Re: None
Post # of 8629
Stone cold proof that CEO Paul Carlin knew about the Ray Barton convertible debt, that it would cause mass dilution to all existing GVSI shareholders that would collapse the share price. Carlin was a willing partner with Ray Barton in this GVSI stock swindle. From the letter to shareholders dated last November that appears on the Long beard website about Barton's death spiral floorless convertible debt............................................. "The second source is debt from our books converted into shares. This can happen at any time after the debt has been held for two years however it must have been already disclosed in our filings previous to converting it. Both of these sources do not benefit the principals of the company in any way, and we really have no choice but to allow it. The people selling shares have purchased them, worked for them, or purchased debt notes years ago and have a legal right to liquidate.
Q: Why don’t you disclose to us these sources to us so we expect the dilution to occur?
A: The answer is simple, we did, and we continue to. Every single new share ever issued is listed right in the disclosure documents for you to see two years in advance. No shares hitting the market should ever be a surprise to anyone. If you have purchased shares of GVSI in the past two years then when you purchased your shares you should have known exactly where the OS could land if all the current debt was converted to shares, and where the float should land if all restricted shares are freed up because all of this has been disclosed for two years (or more in some cases). Always assume that any debt on the books will be converted in two years at a rate of 50% of whatever the market price is when they convert. I always assume the worst and calculate the conversions taking place at .0001 just to be safe. So if there is $50,000 in convertible debt, I always assume 500 mil shares will be coming. Its usually much less than that but I look at the worst case scenario with a Pink Sheet stock"................ Paul Carlin is nothing more that a despicable vermin who knowingly caused all GVSI shareholders to see their investment in the company wiped out by the Paul Carlin/ Ray Barton swindle team using the brewery as bait.
