The reason the GVSI A/S at the Nevada SOS is 700,000,000 is because Randall Lanham filed for a reverse split at the Nevada SOS in 2019 and that adjusted the A/S.
But Lanham wasn't able to get FINRA to approve the reverse split because FINRA found too many red flags in GVSI that Lanham was unable or unwilling to remedy.
Lanham and his fellow attorney Richard Cutler spent nearly a year appealing FINRA's decision, but FINRA wouldn't budge.
It's one of the main reasons that GVSI is probably too dirty for anybody to do much with in the future, making it a bad custodianship candidate.
The A/S will definitely have to be raised back up at the NV SOS at some point, if the ticker is to get active again.
And anybody thinking of taking over GVSI should serious consider that FINRA is highly unlikely to approve any future corporate action, including any name changes or future reverse split, making the shell basically DOA.
