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Precisely! Tell that to YOYO.
I was spot on! How arrived to the right answer is irrelevant. Your approval is also irrelevant. The right answer is all that mattered. ...and that is what I delivered. ...in spades.
I know it's hard for you to admit it. ...being so self-absorbed, you probably can't see beyond your own opinions.
My early prediction was spot on, again! GS purposely declared current shareholder value at zero because he and his blockchain 'foreigners' from Israel will be gobbling up some super cheap shares in the weeks and months ahead, ....then they will park the shares until 2025 or later. It's the only way GS will ever address the bloated OS and undo himself of the pesky retailer goons.
It's a slimy move, which he is justifying to himself by his disdain for OTC I-Hubers that have been pestering/following him for over 3 years.
...and you expected GS to lay it all out for you? LMAO! Sometimes you have to remove your rose colored glasses to see what it is really happening, ...only because no one is going to tell you the truth. You need to find it out yourself. That's what I did and my numbers were spot on regardless of anything you feel I missed.
One has to wonder if the blockchain company ever existed at all... Smooth play to undo himself of GVSI, unscathed. I hope he plans to focus his attention on his remaining two tickers, FORW and SRNW. He'd do everyone a greater service if he did. Redirecting his Middle Eastern personal wrath would be a great start, in my humble opinion.
Numbers cut to the chase. It was a clear read once I saw how GS was planning to finance his deal. The details were irrelevant. The numbers said it all. Obviously you aren't capable of thinking outside of your own painted guide lines. When you do, you'll see where and how I arrived at the obvious.
In any event... The deal is off. No surprise. Now the redistribution process will begin. First, it will be super messy. Then when the flippers get bored, the real players will buy up shares and lock them in for a potential play.
Pretty basic stuff, dude!
I tried to warn everyone. I hope some heeded my advice, if not then at the very least learn the hard lesson. Do the math. Trust the numbers. Numbers don't lie. People do.
Place your bets, everyone! GS's velvet-glove tweet is incoming soon. His tweet may read like this:
"a conduit for investment" is very different than an "investment". A real estate agent is a 'conduit for an investment'. They are not the investor.
I can't imagine GVSI is on GS priority list. It's a mess. He'd be smart to kick the can with extensions until something better comes up. Maybe, just maybe, FORW and SRNW launch successfully. He could pull some real dough from them, when and if it made sense.
JMHO
You must have missed the memo. There's no merger, hence no one is going public. GS is supposedly buying shares in the startup with money he can no longer raise. Yup! A startup buying a startup. ...and the buying startup is tied up in knots with the SEC.
The optics look pretty bad, right now.
You're right, however, the writing is all over the walls for anyone to read. Besides, if there was even an inkling of a favorable deal by now, the pps would have shown strength, not weakness. We're now teetering at an all time low and dropping. ...not encouraging.
Painful to watch if you hold shares.
I didn't see it and just assumed 1:1000 based on what would have been reasonable numbers. ...but if so, then GVSI is 100% doomed. It's OS is now 2x as bad, at over 5b. That will take a lot of undoing, which translates to more legal expenses. I would expect GS to drop it like he did EVLI and RETC or let it die on the vine over the summer. He would spend his time better by focusing on his two shovel-ready tickers, especially if he plans to retire this year.
JMHO
I'm afraid so... It could even drop below from further delays and complications.
If you're right with the $15m, then expect a velvet-delivered extension from GS tomorrow. There's no effing way he can cough up $15m for 50m shares that are now worth $350k. If he had that dough available to him, which I doubt, it would make a lot more sense for him to let the pps drop to $0.001 and purchase the bulk of shares for a couple million bucks then park them until 2025 or later.
We're definitely headed for a redistribution of shares this summer. Expect a lot of pain and back talk from GS.
JMHO
If the 300k preferred that GS made reference to in his tweet amount to 3 billion shares (which wouldn't make any sense) then the actual OS is 5.2 billion! At that rate the chance of GVSI moving forward is even lower.
Doomsday tomorrow...
So, 300,000 preferred equal 3 billion shares according to you. That's more than the entire OS. Hmmmm...
GS is controlling the narrative for FORW and SRNW. When he's ready, he'll inform. Based on the 'coordinated attack', he's going to wait until the last minute to surprise. Not until 'i''s are dotted and 't's crossed should we expect anything. It only makes sense.
Every time he's leaked out progress news, his enemies have used the time to 'coordinate'. Hopefully GS has learned his lesson.
JMHO
Like I said early, it depends on how you choose to read it... If you're right, then the current situation is far, far worse and essentially unachievable. If I'm right, then it's probably reasonable... Expect a couple of extensions before things get better. ETA, year end...
JMHO
Bottom line... GS's tweet is vague. You can view it as his need to raise a remaining $6m or $15m. If $6m, which is how I read it, then GS was looking to sell 250m shares of GVSI (300,000 preferred shares converted at a 1:1000 common rate) and keep 50m for himself. If he sold them at $0.024, which was the price on the afternoon before the crash, he would have achieved his goal. 250m*$0.024 = $6m. His intentions of 'parking' 300m shares until 2025 were in line with his imperative need to reduce the effective OS of 2.2 billion shares. This move would have reduced the effective float by 300m or 1/7th. ...a good start in the right direction assuming he still believed in preventing an RS.
If what you say is true, "he had to raise $15m", then he would have had to sell his shares at nearly three times higher, which is unrealistic on all counts.
Based on my more realistic assessment, I interpreted GS's tweet to mean that he had to raise $6m to get this deal off the ground. Due to the 'coordinated attack' the pps has dropped well out of range to raise the $6m.
Barring some ace up his sleeve that he has yet to share, I firmly believe GS has no other choice but to issue an extension tomorrow.
JMHO
GS's tweets are always encrypted with hidden meanings. He leaves a lot of important facts and figures out. For GVSI I was able to figure out his puzzle and could see what he was actually hoping to accomplish. Based on the massive sell off, it's clear that his original plan has no chance of succeeding without an extension. We also know that an extension will hurt his already damaged reputation, but he has no other choice. Those that orchestrated the 'coordinated attack' are alive and well. They aren't going anywhere and will be back in full swing on March 15. I expect it to end very ugly for most here.
GS will remain unscathed. He's good at that. He'll just 'kick the can' as long as it takes. Eventually, GVSI will either disappear into irrelevance or manage some investment, just enough to keep GS off the lawsuit hook.
JMHO
I don't pump. All I do is interpret the data as I see it and look for others to either contest my views with hard evidence or agree. That's what message boards were designed to be from their inception, and not some platform to spew nonsense. ... in case you forgot.
...just saving you from yourself. Oh, and also increasing my original position in GVSI by a factor of 20 without spending a dime.
Remember how this tanked hard from $0.02 just after GS's tweet? Expect a repeat performance from the same dudes that conspired the 'attack'. There's absolutely no reason for them not to stick it to GS again and again. GS's only reprieve will be his ability to stall in the NV courts.
GVSI is dead money at best until 2025 at the earliest and even then I doubt he's going to care much. His retirement will come from SRNW and FORW, both of which are shovel-ready for a solid deal.
JMHO
GVSI holders are about to get their chains yanked. GS can't raise the $6m he committed to because the pps has dropped by too much. When he announced the non-binding LOI, the pps was between $0.02 and $0.024. Now its over 70% less and dropping. His only alternative is to issue a 'kick the can' tweet for an extension. Even with an extension, the prospects look grim.
I'm expecting the pps to drop hard on March 15 or 16 and remain within $0.002 and $0.003 for a few months, if not longer. If GS can manage a meaningful redistribution of shares, then he'll be able to revisit his LOI deal. Nothing meaningful can happen until then...
JMHO
Interesting... Why then would the $9m raise party be speaking with GS in the first place if his part of the bargain to raise $6m wasn't contingent to a deal?
You never disappoint, YOYO, ...self-absorbed to the max.
LMAO!
No one? Funny that you read it, though. I guess you don't count for anything. Well, we knew that already. LMAO!
Read GS's tweets! It's all there. He's issued a non-binding LOI for a best-efforts raise of $15m. $9m have been committed contingent upon GS raising $6m. GS planned on selling 250m shares of GVSI for $0.02 (keeping 50m for himself). The total 300m shares came from his 300,000 preferred shares (1:1000).
Now that the price is in tripps, there's no way he'll be able to raise his end of the bargain by March 15. So, what do you think he's going to do? Yup, kick the can down for another 30 or 60 days.
The sale of 300m shares were to be locked up until 2025. It was GS's way of addressing the bloated OS with issuing an RS.
...but 300m shares is only 1/7th of the bloated float. He needs to lock up a lot more and can do so by letting the pps drop to between $0.002 - $0.003 for a few months.
Beware of the 'Ides of March' on March 15...
Looks like you've taken too many drugs, drug doc. You can no longer distinguish solid proof from your pumps. Well, at least you'll get to figure it all out soon.
I guess I was spot on, again! GVSI is being groomed for a redistribution of shares in the $0.002-$0.004 range until year end. Here's why...
When GS tweeted that "here's what a coordinated attack looks like", what he was actually revealing was that the non-binding LOI which had been based on a $0.02 price at the time of the PR would fail at a lower price. GS was trying to sell his 300,000 preferred shares (1:1000 common) to raise the $6m needed for the $15m best efforts raise. It was his way of parking 300m shares until 2025 without forcing an RS. He was hoping the 'hype' from the high liquidity would have pushed the pps to a dime.
Now that we're at $0.0067 and dropping, he can only raise $2m tops. That won't be enough, and hence he will most definitely 'kick the can' down on March 15.
JMHO
Current MC for GVSI is $17m. Fair valuation is less than $5m. Can you do the math? PPS heading south. That's right. By how much? ...over 66% or 2/3. What is one third of $0.008? Yea, use your calculator. You're going to need it to figure out your losses in a few days.
Numbers don't lie. Pumpers do.
JMHO
What you've just said is shared by every current bagholder of GVSI... Guess what happens when everyone heads for the exit at the same time?
Sure! If you believe that GS can defy gravity... The OS is bloated with 2.2 BILLION shares. $15m raise is peanuts. Fair value is around $5m. We're at $18m and sinking fast. FINRA has a grip on its history. Blockchain still needs time to prove itself worthy. Same with NFT's. WFNT is mired in an endless legal battle of the egos.
Need more?
I agree but the fruits of his efforts won't be evident until 2025.
The pps drop will happen on or after March 15. For now it will languish between $0.008 and $0.009 while picking up more bagholders.
JMHO
Not if they buy them back at $0.003 or less in a few weeks...
Blockchain and NFT's have at least another two to three years before we see significant adoption. Crypto has been and continues to be blockchains use case. Until they can prevent the customary hacks that have plagued blockchain and NFT's for the past few years, don't expect any major players to emerge. In the meantime it's just startups fighting for attention. GS would be wise to wait it out not just for the marketplace to mature a bit more but also to let WNFT's lawsuit get resolved (GS doesn't want to settle nor does he want to pay out more for lawyers...) and GVSI to gain enough financial independent status to legally rid itself of its patchy past.
JMHO
Not true... GS is placing GVSI and WNFT on a back burner for the rest of the year. It only makes sense for him to do so. He even alluded to 2025 being the earliest before GVSI submits its SEC forms. Essentially he's giving the lawsuits and FINRA more time to resolve their issues. If he can close the deal for 35% of some young startup, he will. If that doesn't work, he'll keep trying, hence the non-binding LOI. Either way whatever he does, both tickers will remain on 'simmer' mode for a long time.