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I've read that it's two-years of audited financials that is required to become SEC Reporting.
Where did you read that? From an anonymous post on this board? Do you have a verifiable link from a credible source to back that statement up?
The best chance for GVSI would be to file a Form 10 and two years of audited financials to register it with the SEC, basically giving the shell a fresh start.
It's a very costly route. Which is why so few custodianship shells ever take it.
"...and there is a current and open SEC administrative proceeding against GVSI demanding AUDITED financials from 2008 - 2013
...and Sharp has already said he couldn't audit GVSI's books/financials.
George Sharp Retweeted
GVSI
@OTCpinkGVSI
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
5:28 AM · Jun 30, 2022·Twitter Web App
"How is having a current and open SEC investigation, administrative proceeding and restriction on corporate actions "clean?" How is not being an SEC registered and reporting stock "clean?""
I've read that it's two-years of audited financials that is required to become SEC Reporting.
Where did you read that? From an anonymous post on this board? Do you have a verifiable link from a credible source to back that statement up?
There was a time when I thought that, perhaps, someone should write to GS concerning the issues you continue to bring up and ask him about them. That is, if they might be real concerns to worry about.
But then I thought of a tweet of his some time ago which might be all he would now say about them:
George Sharp
@GeorgeASharp
Do not pay attention to what anybody "hears" or "knows" about any ticker I'm associated with unless you hear it from me or the company. It's all crap.
11:40 AM ·Jan 31, 2022·Twitter for Android
George Sharp
@GeorgeASharp
There's a lot of sub steps in between these steps, including:
a) Update/acquire and pay Registered Agent
b) Pay Secretary of State
c) Pay off Transfer Agent
d) Pay lawyers
e) Pay OTC Markets
George Sharp
@GeorgeASharp · Jun 15
The process
1) Apply for custodianship
2) Win custodianship
3) Update Secretary of State
4) Apply for OTCIQ access
5) Complete and upload financials
6) Be deemed current
7) Bring asset into deal
DO NOT ask me how long this all takes. It takes as long as it takes.
George Sharp
@GeorgeASharp
I am now the custodian of $GVSI.
https://pbs.twimg.com/media/E0jlIaCVUAADADw?format=png&name=small
9:06 AM · May 4, 2021·Twitter Web App
Well, it certainly could be that.
Ah, good ole dead cat bounce, most likely close red.
Always a good story somewhere, then destroys holders...
Perhaps not. Looks like some still find that other ticker exciting. +13.46% now with good volume.
Never thought that would happen.
Oh well.
Gotta admit, didn't expect this.
GLTA
Good for you. But do understand that sometimes, flipping works out pretty good. And that is why it's so often done. In this case, it just could have worked out much, much better than it did is all. Just imagine if the acquisition had been a GOOD one and well-received!
Oh well, hope we get a GOOD merger/acquisition here!!
$GVSI
But you are assuming the worst. But not everyone who got out got out at the bottom.
With less $ to invest after a huge implosion, broke retail destruction, absolutely.
"Mathematically impossible but oh well."
Not for everyone.
now comes back with less money and less shares.
Best play was just holding GVSI and adding in the sub 1s.
Why check from 230pm est? I believe the news came out shortly before 2:09. So how many from around then on?
Check from about 230pm est on, of course I am.
Got to say this. If I sold when you posted that I would be a lot happier now but I held, as many probably did, thinking the incoming company was going to be a much "better" one.
Oh well.
GLTA
"Looks like GVSI sellers to chase dreams backfired."
Same thing will happen here if GS doesn't get a merger folks like.
Are you saying there was only 200,000 in volume the 50 minutes or so of trading here?
Interesting that GVSI only had about 200,000 in volume AFTER the total trash G ticker breakdown.
Some $s back today.
Should see the $s pile back it to here next week.
No regrets. Just disappointment.
GLTY
Some were holding in hopes the incoming company would be a great one. The "market" didn't think it was. $GMZP is now an "investment" which some don't want to be a part of.
GLTA
Disappointed.
Oh well...
For now.
Chart says GOING GEMZ DOWN
That's the worst part. Being out of powder. Dips aren't nearly as bad when you can take advantage of them.
GLTA
That and, apparently, the share reduction news yesterday didn't excite enough people to buy today as the volume (9,214,890) was the second lowest since March 27 (4,825,756).
GLTA
I just think of what happened to G*SI when it finally got out of the Expert Market after some 16 months. Never expected the selling on both Pink Limited and Pink Current days (and subsequent tanking).
Appears that, now, people tend to SELL on news, rather than buy on it.
Just glad not much of that happened. But maybe that's because a merger update is near?
GLTA
But he told us this:
George Sharp
@GeorgeASharp
Do not pay attention to what anybody "hears" or "knows" about any ticker I'm associated with unless you hear it from me or the company. It's all crap.
11:40 AM ·Jan 31, 2022·Twitter for Android
George Sharp
@GeorgeASharp
for the 47th time...when there is something to say about $GVSI or any of my other deals, it will be said. Otherwise, here's my auto-answer to the "Any update?" question: "There is no update." Now STOP IT!
5:13 PM · Mar 14, 2022·Twitter Web App
And May 4th will be two years since GS became custodian.
George Sharp
@GeorgeASharp
I am now the custodian of $GVSI.
https://pbs.twimg.com/media/E0jlIaCVUAADADw?format=png&name=small
9:06 AM · May 4, 2021·Twitter Web App
"I've spent many nights studying it...the chart, the history. volume , news releases...it was quite something and there are 1 or 2 amazing factors that will be consistant to watch for and I hope my plan works out when GVSI pops"
George Sharp - Advocate for truth in the OTC
@GeorgeASharp
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+.
9:02 AM · Feb 14, 2022
*****
@*****
Replying to
@*****
and
@GeorgeASharp
As one of the lucky few that did very well on the TSNP run I can assure you it had little to do with George Sharp. It was a perfect storm of stimulus checks, people sitting at home and speculation. Had I listened to what George said back then I would not have made a dime.
8:22 AM · Mar 24, 2023
So what to think? Will we get merger and/or share reduction news this month or not?
Gemz Corporation
@GemzCorporation
Acquisition news to be released soon. In the mean time, working on authorized share reduction for $GMZP, it will be just around the corner. Lots of great things happening. #Building #Growth
9:01 AM · Apr 5, 2023