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Let's see the filled order
Umm hmm
LoL. So, now he's waiting for the debt issue to be clean to apply, but you think the first round with the debt issue and a host of other problems, he got access.
Yea ok.
Wouldn't the fact that there was no verified profile the first time around be enough evidence to assume he didn't get access rather than did..
Sheesh. You are outrageous
Follow the thread. Who is saying he will apply before at this point. In fact I'm one of the few that said he wouldn't a while ago
Lol
The DD guru
You count down the 30 days.. and only then he will apply.
That is when he applies..then it take 2-4 weeks or so for application to be approved
I hear you. At this point I definitely don't count chicken before they hatch though. I'm sure you understand.
Not so fast..hold your horses:)
we have to see what the OTC makes of the application and pray that in fact the share issue will be a non event.
What a hoot!
Oops..I guess the 30 days DOES have something to do with it, because he won't file the application until it is completely a non issue.
What a hoot!
LoL. So sad
Sure are some odd ones , right? Someone recently posted about imagining if GS posts that he got GVSI SEC compliant.
That is not what my post said. I did not say that they can't or won't get access.
I disagreed with how you simplified the process. when I called and spoke to the OTC and found out that they do, more closely scrutinize, when the application is to publish news, filings etc access.
Thats not so.
So you basically don't even think it will get to the levels it was before EM in a few months time, when it "should be" pink already. Because 500% is .06
Its only really a 3 weeks IF noone comes forward. And applying for OTC access does not guarantee acceptance.
Its another few weeks..not so bad
That he didn't and won't file for access until the 30 claim period is up.
Thank you for asking..because despite not agreeing with my thoughtful opinion, he kept it classy in how he disagreed and then when my thoughtful prediction, which some others were not as kind about turned, turned out to be correct, he verbalized it, same as he verbalized his earlier disagreement. Did you do the same?
Jmoney I thought so before and you confirmed, you are a class act and a gentleman.
Wrong board
Yes, technically the money owed could be exchanged for shares
I explained how it makes sense to me, but I'm happy to say my opinion again. Seeing that the only thing standing in the way of him applying was the debt, (assuming you are correct about the shares being a non event) , and seeing that despite the judge signature, he still hasnt applied, my conclusion is that he is waiting on the 30 days, which he probably didn't know about, lol
Ok. It's the only rational I have for why be hasn't already filed for access. Lets see what happens
On August 16 the Court granted $GVSI's motion to bar claims, providing 30 days for any claimants to step forward.
Gs last tweet
that would be called dilution
Maybe he'll wait until day 58 or 59
Keith, the debt is in records from when FINRA asked in 2019.
14. Please clarify if the company has any outstanding convertible debt that can be converted
into common shares of GVSI. If so, please list the entities that hold convertible debt,
the control person for each entity, the amount of debt outstanding, and the number of
shares their debt would convert to under the terms of the agreement.
RESPONSE: The Company has the following outstanding convertible debt:
a. $150,000 Convertible Promissory Note dated March 31, 2016 ( originally issued to
Sterling Global, Inc. -Christopher Maynard, CEO). Assigned on April 4, 2018 and
now owned by Landmark Consulting Co. Ltd., which is controlled by Parashar Patel,
its CEO; $223,233 outstanding (including interest); convertible at 55% of market
price, but cannot be converted for more than 9 .99% of the outstanding stock.
b. $100,000 Convertible Promissory Note dated January 3, 2016 (originally issued to
Sterling Global, Inc.). Owned by Baoyi Zou; $153,041 outstanding (including
interest); convertible at 55% of market price but cannot be converted for more than
9 .99% of the outstanding stock. Please see attached copies of notes.
Thank you for your time and for your assistance with this matter. Please do not hesitate
to contact us at the numbers or emails reflected on this email.
The way i understand it is that-The motion is that the past debt should be cleared off (as its last company's problem)The judge signed saying ok, I'm giving someone 30 days to come forward.
Its possible they won't come forward because they feel its a losing battle. They are owed money by previous management , so maybe they think it know that ultimately the new GVSI, would fight it in court and potentially win.
That we CAN agree on. Doesn't pay to sell at this point
Aha, so you saying "pretty much wiped out" is different than my "almost wiped out". Got it.
Are you following the thread of activity ranger? The debt is ALMOST wiped out, unless someone comes to the forefront before the 30 days are up.
There is debt..lets hope noone comes to claim it.
I appreciate your factual and real post, a rarity on this board (and most ihub boards for that matter).
Wow you have everything figured out