Tuesday, August 29, 2023 4:38:34 PM
But I did say that for months.
And Sharp didn't say what the "agreement" was, and since the administrative proceeding was an "UNWINNABLE BATTLE" it definitely is not in GVSI's favor.
So Sharp seems to be admitting that getting GVSI's corporate actions approved by the SEC/FINRA is "UNWINNABLE."
There's a reason why Sharp isn't bragging (as he usually does) about the "agreement."
For those wondering why $GVSI didn't file this sooner, counsel had quite a battle getting answers from FINRA and the SEC on how to end this unwinnable battle which was begun by previous management. We finally reached an agreement with the SEC.
— American Blockchain Corporation (@OTCpinkGVSI) June 4, 2023
https://t.co/KRN4h0hthw
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
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 in place because of GVSI's FINRA Notice of Deficiency and its continued violation of FINRA Rule 6490.
GVSI is still SEC delinquent, not SEC registered, not SEC reporting and in violation of FINRA Rule 6490.
Anybody involved or thinking about getting involved with GVSI should read about FINRA Rule 6490 CAREFULLY.
HOW FINRA RULE 6490 lMPACTS REVERSE MERGERS
https://www.hg.org/legal-articles/how-finra-rule-6490-lmpacts-reverse-mergers-30567
The SEC placed the restriction on corporate actions on GVSI because of GVSI delinquency in not filing audited financials for the years 2008 - 2013. An order which still stands.
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf
Sharp has already stated that he was unable to get the financials audited.
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
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/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf
The plethora of partial name changes by previous management and its inept counsel didn't help $GVSI either and all that had to be unwound and mapped out. https://t.co/xk3RKcKZ8d
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Obviously it was not "unwound and mapped out" well enough to get GVSI registered with the SEC.
Sharp supporters also falsely insinuate that all that is needed is for GVSI to withdraw the appeal to the SEC/FINRA restriction on corporate actions to lift the SEC restriction and have the FINRA Notice of Deficiency disappear but the truth is only the SEC has the authority to lift the restriction and the Notice of Deficiency is on file with FINRA. Sharp has already said he wasn't able to audit GVSI's financials. And Sharp has never addressed the FINRA Notice of Deficiency and the SEC/FINRA restriction on GVSI's corporate actions or mentioned it in any tweet, disclosure or financial statement.
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