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Re: Hanibal post# 111342

Saturday, 08/06/2016 11:53:55 AM

Saturday, August 06, 2016 11:53:55 AM

Post# of 222260
GVHIB - the only good thing this ticker has going for it is the lowish float. It fell deep into the sub penny range because of lack of interest.

But yes their are tons of red flags.

Red Flag #1 Asher Enterprises has a pending law suit against GVHIB from April 2014. At the time they were owed $296,430, but since 2 more years have passed with the high interest it could be more than double that amount now.

https://promotionstocksecrets.com/wp-content/uploads/2016/08/AshervsGVHIB.pdf

The most recent docket entry from June 2016 shows that Asher is still fighting to get paid (which would mean tons of discounted free trading stock)

https://promotionstocksecrets.com/wp-content/uploads/2016/08/AshervsGVHIBmostrecentfiling.pdf

Red Flag #2 GVHIB became delinquent in its SEC reporting requirements. That lawsuit probably explains why GVHIB never filed its 10K due in April 2014 for the 2013 fiscal year becoming delinquent in its SEC reporting requirements

Red Flag #3 GVHIB went dark. GVHIB hasn't filed any of its required financial statements since 2013 and in September 2015 it did a Form 15 to go dark

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10928229

Red Flag #4 - GVHIB's Nevada business license has been revoked. As you mentioned, GVHIB stopped paying their annual fees to the Nevada SOS after 2014 and their business license was revoked by the Nevada SOS

http://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=WnFRs18PqcdFzzP6jESC%252bQ%253d%253d

Red Flag #5 (maybe) - their main subsidiary and seemingly their only subsidiary that was making any money, Mamma's Best LLC. This entity is in bad standing in California, but it is a Delaware entity so I'm going to have to wait until Monday to check the status of this entity with the Delaware SOS. I suspect it could also be in default or worse.

Red Flag #6 the poorly written shareholder letter they sent out last week. I believe the letter is real because it was posted by a long time investor who has been involved in that ticker for a very very long time based on their posting history on that forum, but as you mentioned it is very poorly written with lots of spelling and grammar mistakes.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124348469

The letter itself is full of forward looking statements (nothing that has actually been completed). Contents of that letter are already being twisted. In the letter GVHIB says they are looking to acquire "North Delta’s consulted company" and pumpers have interpreted that phrase to mean that GVHIB is going to purchase the entire North Delta Hospice & Palliative Services business.

Red Flag #7 - Glen W Carnes' background (he cannot be trusted). Carnes was banned for life by FINRA in 2013 because while working at LPL Financial LLC he participated in an unapproved private securities transaction, in violation of firm policy. LPL prohibited registered representatives from participating in outside business activities without prior written approval. That transaction was acquiring the GVHIB shell which at the time was known as Shang Hide Consultants, Ltd. When FINRA questioned Carnes about the transaction, Carnes' response to FINRA "included several false and misleading statements that minimized and mischaracterized his involvement with Shang Hide" More so because of his lies to FINRA than his violation of LPL Financial policy, FINRA banned Carnes from associating with any FINRA member in an capacity for Life.

https://promotionstocksecrets.com/wp-content/uploads/2016/08/CarnesFinraDiscplinaryOrder.pdf

It turns out that Carnes has more than a history of being dishonest. He also has a prior drug conviction. In 1998 he was convicted of possession for sale of a controlled substance, for which he spent three years on probation in Orange County.

In 2014 he sought a pardon for the drug charge from Jerry Brown, the major of California, but his dishonesty once again got the worst of him because Brown found out that Carnes hid the FINRA Disciplinary Action and ended up withdrawing the pardon he was going to give Carnes

http://www.latimes.com/local/political/la-me-ff-brown-takes-back-pardon-after-times-inquiry-20141224-story.html


My take is that I don't trust Carnes or GVHIB to do any future business transactions to bring in any legitimate good business operations to the company. It is impossible to trust that GVHIB can set up a legitimate business transaction when they can't even keep their business entity from getting revoked by the Nevada SOS. If GVHIB can't even afford to keep its business license active how can it afford to acquire another business? I can't see GVHIB raising any capital with a revoked business license and its current filing situation. And I can't see any legitimate company doing an all stock acquisition with GVHIB.

I question whether their old subsidiaries like Mamma's Best LLC and The Place Media, LLC are doing much business these days at all. We haven't seen a financial statement from GVHIB since 2013. At that time only Mamma's Best LLC was making any money and despite some modest revenues the balance sheet was really ugly with staggering losses and mounting debt.

The timing of the shareholder letter going out last week (as well as its forward looking contents) and the 8K hitting yesterday about hiring some no name recent college graduate from California whose only connection to Apple was probably a college internship at best are pretty suspicious. It seems to me like Glen W Carnes is going out of his way to create a pump&dump for the ticker which makes me wonder if maybe Curt Kramer over there at Asher finally worked out a settlement with Carnes to get that debt converted into free trading stock.











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