Sunday, August 27, 2023 12:30:41 PM
Nobody said there was.
Recently GVSI withdrew its appeal of the SEC restriction on its corporate actions so the original restriction on GVSI's corporate actions such as a corporate name change, ticker symbol change and reverse merger remain in place because of GVSI's FINRA Notice of Deficiency, its continued violation of FINRA Rule 6490 and missing audited financials from 2008 - 2013.
GVSI's SEC Notice of Deficiency was placed June 21, 2019 so the Notice of Deficiency, GVSI's restriction on corporate actions such as a reverse merger and GVSI's SEC delinquency is still in place.
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.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 SEC doesn't open an administrative proceeding when companies are in violation of FINRA Rule 6490 such as GVSI, just like it doesn't open an administrative proceeding when a company becomes delinquent. It simply denies any corporate action the company might want to make in the future like a reverse merger.
And GVSI is SEC delinquent, not SEC registered, not SEC reporting and in violation of FINRA Rule 6490.
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
Not only is GVSI SEC delinquent in its reporting and in violation of FINRA Rule 6490, GVSI is also not an SEC registered and reporting stock because it withdrew its SEC registration.
https://www.sec.gov/Archives/edgar/data/1068618/000149315221029704/formrw.htm
GVSI continues to be a disaster.
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