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Friday, September 01, 2023 7:24:29 AM
It's Alternate Reporting. You guys can't grasp this concept. The deficiency was for SEC Reporting which no longer applies.
FINRA Rule 6490 applies to all stocks including OTC Markets' alternate reporting.
And yes, the deficiency was for when GVSI was SEC reporting and missed filing six years of audited financials *before* it filed its Form 15. That means GVSI is on the hook for the missing fonancial statements and is the reason for the FINRA Notice of Deficiency that led to the SEC restriction on its corporate actions restrictions.
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf
FINRA initially declined to process the Company's Corporate Actions on June 21, 2019 by delivering a Notice of Deficiency Pursuant to FINRA Rule 6490
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
FINRA also acknowledges that the denial is based solely on failure to file periodic reports from 2008 to 2013 prior to filing a Form 15
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
FINRA also acknowledges that the denial is based solely on failure to file periodic reports from 2008 to 2013
https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf
The DOP made no finding that the documentation GVSI submitted was in any way deficient. See Certified Record Tab 18 FINRA Deficiency Notice dated June 25, 2019. Yet on June 25, 2019, DOP refused GVSI’s application by providing GVSI with a deficiency notice. (Id.) In refusing to grant GVSI’s application, DOP stated its denial was based on a finding that GVSI had not completed certain periodic filings prior to filing its Form 15 on July 10, 2013
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
The Company’s many shareholders have essentially all lost their investment in the Company.
I also keep asking repeatedly but none of the pumpers can ever credibly respond - again, show verifiable documentation with links proving that OTC Markets alternate reporting companies like GVSI don't have to follow FINRA Rule 6490 - but not one pumper has managed to do so.
They can't because it isn't true.
![Bearish](/static/images/ih2-bear.png)
GVSI is delinquent with the SEC, is not SEC registered and reporting, has a FINRA Notice of Deficiency that was never addressed, has a SEC/FINRA restriction on its corporate actions such as a reverse merger and is in violation of FINRA Rule 6490.
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