Friday, April 07, 2023 7:32:24 AM
This major GVSI problem that seems insurmountable is current and in the present:
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf
https://www.sec.gov/litigation/opinions/2020/34-88603.pdf
https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml
This reference that is supplied by Sharp supporters which is highlighted in orange and is often posted to explain why the administrative proceeding will be taken care of and dismissed is moot and simply another example of misdirection...
This has already been directly addressed in the SEC documentation.
The reason the appeal will be withdrawn is because the appeal for the name change has already been denied by FINRA (not because the withdrawl of the appeal will dismiss the administrative proceeding or lift the SEC restriction on GVSI's corporate actions):
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf
...this proves that there is a current SEC restriction on GVSI's corporate actions because of GVSI's deficiency/delinquency.
Plus GVSI said it would withdraw the appeal (which does nothing to get the SEC administrative proceeding dismissed or the restriction on corporate actions lifted) on July 9, 2019 which is before the SEC delinquency determination and the imposition of the SEC restriction on corporate actions on August 16, 2019. Plus the most current entry date of the SEC case against GVSI is Jan 9, 2023.
Only the SEC has the authority to dismiss the administrative proceeding and lift the restriction and the SEC is asking for six years of audited financials from 2008 - 2013. The case cannot simply be dismissed by Sharp withdrawing the appeal of the name change as is falsely claimed by Sharp supporters. He does not have the authority to do that. Sharp has already said he wasn't able to audit GVSI's financials and that is what is being specifically requested by FINRA. It's the equivalent of saying that a person can withdraw their taxes so they don't get audited which is ridiculous.
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Sharp has never addressed the SEC administrative proceeding or mentioned it in any tweet, disclosure or financial statement.
And Sharp supporters saying that "the FINRA legal proceeding is being addressed" does not acknowledge the fact that FINRA/SEC has already denied and affirmed the denial of a corporate action already - the name change request and reverse stock split - because FINRA has specifically requested audited financials from GVSI and won't lift the restriction or dismiss the case until those audited financials are submitted and which Sharp has already said he cannot supply.
https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf
https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
###
The restriction on any corporate actions by the SEC for GVSI still stands and the restriction keeps getting updated as evident by the SEC extending the date of the documents. The last entry being Jan. 9, 2023.
SEC restrictions apply to companies, not management. The change of control to Sharp is irrelevant. GVSI as a company is still SEC restricted. Simply dismissing the standing SEC ruling and restriction by saying it was from old management doesn't hold water because the administrative proceeding is current and open as can be seen by the case's continously updated dates.
And withdrawing the appeal won't satisfy the SEC's specific request in the adminstrative proceedings of submitting audited financials from 2008 - 2013 which Sharp has said he wasn't able to get done.
Sharp has had close to two years to take care of the administrative proceeding yet he can't or won't. Sharp has NEVER mentioned this serious issue in ANY of his tweets, financial statements or disclosures.
Sharp has already mentioned that he tried to get GVSI financials audited by using two accounting firms and having discussions with the SEC but failed getting GVSI's financials audited. That is why he decided to go through the lax OTC Markets' unaudited financials route via alternative reporting and Pink Current.
The SEC is specifically asking for something Sharp has already said he can't provide - audited financials.
I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
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