AI
Sunday, August 20, 2023 5:22:14 PM
https://www.hg.org/legal-articles/how-finra-rule-6490-lmpacts-reverse-mergers-30567
The issuer is not current in its reporting obligations with the Securities and Exchange Commission;
GVSI does in fact have to be CURRENT WITH THE SEC to get corporate actions approved by the SEC/FINRA which it is not because Sharp already said he abandoned that effort.
This other law firm article also says the same thing.
https://bradshawlawgroup.com/reverse-mergers-a-basic-primer/
Conducting effective due diligence on the shell company is essential, as merging with a “dirty” shell (i.e., a shell whose management failed to follow proper SEC reporting procedures) could prove fatal for the private company.[13] In searching for “clean” shells, private companies should consider the shell’s number of stockholders, reporting record, and how and where it is listed.[14]
And even if it did say "or other regulatory authority", which other regulatory authority would that be? FINRA? FINRA already issued GVSI a Notice of Deficiency.
No audited financials filed with the SEC means no reverse merger for GVSI and Sharp already said he abandoned getting GVSI audited, SEC registered and reporting.
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
Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days
— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022
But twisting information is a well known pumper MO.
