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Get it! Still moving fast on little volume.
Thanks win!
L2 screen shot anyone?
gotcha. I'll check it out. thanks dain.
L2? Anyone know where to get it free until otc markets comes back up?
Headed to school, so I wont be here to reply but....the 90 day period is over, and we are waiting on the filing of a 14a or 14c, which will outline the details of the merger. Chances are, according to the deadline, that this has already been completed and we are just waiting for it to hit the wire. I believe their last filing was completed on July 30th and hit OTC Markets 7 August. Thats 8 days after completetion. The 90 day period ended last Thursday, and 8 days after that is.... :)
Talk to yall in a few hours
Good Morning everyone! L2?
I've been away from the computer for a few days, this was nice to come back to! Anyone have L2? OTC Markets is giving me nothing.
Don't have time to log into my email so I'm going to reply here. My current count is 323,300
http://www.buzzle.com/editorials/11-26-2005-82395.asp. I'm on my phone so this isn't going to be organized well. Sounds like GVDI was not current on the information required to keep them listed on the otc billboard. They just filed back financial statements correct (I thought I heard that from DB about a month ago)? If so this is my guess as to why they were delisted, and the filing of back financial statements made them current. ...thoughts?
G
There
Form 15 Explained
Alright here we go! I attempted to research this information in a manner that I could present it in a way that you would think I was part of creating these SEC rules, proxies, and statements. Well I failed lol. There’s just too much information. Here is what I did come up with...
I attempted to find the required order of filings for a back-end merger and got nowhere. So let’s assume all of this was initiated for the purpose of a merger.
Form 15
The Form 15 is a filing announcing that the given company is either removing it’s self from the public market, or they are cancelling a certain class of security, replacing it with another (http://www.investopedia.com/terms/s/sec-form-15.asp). I’m leaning more toward the class change portion of this form. To see a share class definition go here: http://www.investopedia.com/terms/s/share_class.asp
If you look at the Form 15 filing for GVDI, they have checked that they are relying upon Rule 12g-4 for this share class change. That takes us to Rule 12g-4...
Rule 12g-4
251.01 Following a tender offer, a company has sufficiently few shareholders to be eligible to file a Form 15 pursuant to Rules 12g-4 and 12h-3. Subsequently, the company will have a back-end merger. The Division staff ordinarily will not accelerate termination of Section 12(g) registration under Rule 12g-4 where an Exchange Act event is anticipated. Accordingly, the company will be required to file a Schedule 14A proxy statement or a Schedule 14C information statement relating to the back-end merger during the 90-day period between filing the Form 15 and termination of registration pursuant to Rule 12g-4. [September 30, 2008] (http://www.sec.gov/divisions/corpfin/guidance/exchangeactrules-interps.htm)
GVDI completed the Form 15 on 30 July. 90 day from 30 July is Thursday, 28 October (the 31st of July, 31 days in August, 30 days in September…1+31+30=62…90-62=28…28 days into October). We’ll probably see it hit otcmarkets the following week.
Schedule 14A Proxy Statement
The 14A is huge. You can see a blank sample here: http://taft.law.uc.edu/CCL/34ActRls/rule14a-101.html. This is the simplest definition of a 14A I could find:
Schedule 14A is a corporate proxy statement that is mandated by the Securities and Exchange Commission. A proxy statement outlines information that will be discussed at an upcoming meeting of shareholders. The SEC requires the filling of Schedule 14A so investors will be informed about important corporate business that may be transacted at the shareholder meeting (http://www.ehow.com/about_6401564_schedule-14a_.html)
Schedule 14C Information Sheet
You can see a blank 14C sample here:
http://taft.law.uc.edu/CCL/34ActRls/rule14c-101.html
Investopedia explains Schedule 14C
A proxy statement is intended to provide security holders with the information necessary to enable them to vote in an informed manner on matters pertaining to the company in question. These votes occur at either the traditional annual shareholders meeting or at a specially-called shareholders meeting http://www.investopedia.com/terms/s/schedule14c.asp).
My Thoughts
GVDI is in the process of reverse merging with ADVACO, this required the filing of a From 15 under provision of rule 12g-4. All this did was inform us that something’s up. What we’re waiting on is the schedule 14A or 14C (hopefully the 14A because it contains much more info) to outline the details of this merger and bring light to the dark in which we now sit. I haven’t been able to find what comes next (8-k,…), but know what we should see a new filing soon since they are required to follow up the Form 15 with a 14A/C within 90 days (Thursday, 28 October). I think that next week will be the last chance anyone will have to snag anything under .02. Once this next filing hits the web this thing is coming out of idle.
Once again this information is purely my thoughts, and should be backed with your own DD. Do not make a move in either direction based solely upon the typing of my fingers.
Sister is in labor and I have class after that. I'll post all of my resourses for the Form 15 and 14A/C later this evening. It's a lot of info so it'll be rather lengthy. Be ready to read lol.
Later all.
I have about 5 minutes so this is going to be short. From what I understand, the Form 15 is required to announce that the company is going to be doing one of a large list of things (in our instance, this would be back-end merging (reverse merging)). The Form 15 is somewhat of an announcement.
90 days from the day the From 15 was completed (30 July 2010), the company is required to put out either a 14A or 14C. 30 days from 30 July is 28 October 2010 (this coming Thursday). the 14C is a detailed documents that should outline every detail of the "back-end" merger, and I believe the 14C is relatively the same thing.
Back-end mergers are required when one company takes control of all the shares of another company, in our case GVDI will be assuming all of the shares of ADAVCO. Usually, the company in GVDI's position would have to purchase all of the shares of ADAVCO from the public shareholders, folling a shareholder approval. I believe that ADAVCO is a private company, with little to no shareholders. Since the Owner of ADAVCO is Arts wife, there should be no hold up on paperwork or compromise of this mergers. We are in a very unique position.
So to make a shorter definition shorter. The Form 15 was a public announcement that a back-end merger is going to take place. This requires the subsequent filing of a 14A or 14C by the deadline of Thursday 28 October 2010 (remember it will take a few days to be made public after completion). The 14A/C will outline EVERYTHING we need to know about this merger, and should make or break this stock.
This is my understanding of the Form 15 and what is to follow as a result of its filing. Take this as you will and always assume what you are reading is speculation. Do you own DD on the SEC rules, forms, and proxies before making a move in either direction on this stock.
Now, does anyone have any comments/experience on this? I'd like to open the discussion on this sequence of filings and what their for. I'll be in class for a bit and will check back in a few hours. Hope this helped.
Hey Denver, I've picked up a few more shares. My current count is 319,000
Anyone ever seen this to be true? Picked it up on another board.
MM Signals (true or false?)......
a-Signals between MMs...
100 > I need shares
200 > I need shares badly but dont take it down to get em
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
I won't be around the rest of the day. On my way to class. Still holding strong! Later yall.
My current share count...217700 shares that I'll be holding tight and 96600 shares that I'll be attempting to flip to increase my position as much as I can prior to future news hitting. I'm still limited to 3 posts per day so I'll be in the backgrounds of this board until I'm granted more.
Picked up 69,300 @ .0165 for a total of 314,300. That's my limit for now.
Thanks everone!
GM all!
I just picked up those dumped shares and will be holding tight.
To update the number of shares held by iHub members, I'm holding 245,000 shares so far with an order in for 107,700 more.