Wednesday, February 15, 2023 12:41:37 PM
Two points to make...
1- Notice how he says that they have to show the court that he made every effort to serve the defendants? If you compare and contrast this process to WNFT, you'll notice a huge difference.
2- If they can't serve any of the defendants, they'll need to request alternative service or drop them from the case. If alternative service is service by publication, that will take four weeks to be complete.
I've said this before, but the only defendants that really matter are Paul Carlin (240M shares) and Craig Waltz (40M shares). The rest own 5M or less, and all are individuals except an entity (500k shares) and a trust (2.5M shares). If any of them prove difficult to serve, I would just drop them and proceed with the rest instead of delaying an extra 4-6+ weeks.
Most likely he won't, though, and this will drag on like I mentioned. People love to mock me and claim I'm wrong or give unreasonable predictions, but so far I've had a strong track record of being accurate* or even too optimistic.
*Only criticism that is valid is that I showed proof that OTCM requires two annual reports, but they accepted GVSI with only the one. However, I explained that I was sharing the explicit OTCM requirements and that the SEC requirements were less strict, so it was up to OTCM as to whether it was sufficient. Since OTCM approved, I think OTCIQ applications may be permanently changed as future companies will likely only submit the one from now on.
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