Thursday, October 12, 2023 11:08:30 AM
Not only that but his losses must be MASSIVE!
THE SLOW DESCENT TO .005 CONTINUES FOR GVSI
GVSI has gone sub-penny four times in the last few months just as I called it and there will be more decline in price to come.
No audited financials from 2008 - 2013 means no reverse merger for GVSI.
Look at all the problems GVSI currently has and all the unrealized speculation over the last two and a half years.
Many Sharp fans have already had a rude awakening from the overestimated speculation concerning pink current. Especially looking at GVSI's sell off after pink current.
There have been many (in what seems like intentional) court, OTC Market and financial filing mistakes and delays made by Sharp which have hindered GVSI in every step. Then there was the epic failure at submitting the Form 10 and having to withdraw it which resulted in GVSI not being a registered SEC stock. A dismal fate for GVSI that still stands.
Sharp even said he regrets getting involved with GVSI - primarily referring to the failure of not being able to get GVSI to become a registered SEC stock. What a glowing review...full of regret...and in retrospect he would never had done it. Seems like even Sharp thinks GVSI is a disaster.
https://twitter.com/GeorgeASharp/status/1622942829440913408?t=MCICXRmJvlFPeu4mNjLhDg&s=19
https://twitter.com/GeorgeASharp/status/1622941929762615296?t=YyootGP2DECFQsDkE0F6DA&s=19
It was said (ad nauseam) that GVSI was going to get a multi-billion dollar reverse merger last year. It never did.
It was said (ad nauseam) that GVSI's price was going multi-dollars last year. It never did.
It was said that GVSI was going to .10+ (Keith said .50) on pink current with people scrambing to buy shares on that day. It never did and people actually scambled to dump shares which resulted in a massive GVSI sell off on pink current, contradicting what was said by many here...and GVSI's price has plummeted dramatically.
It was said (ad nauseam) that GVSI was going to be a registered SEC reporting stock last year. It never did get SEC registration and is still not an SEC registered stock. Sharp had to admit that even after having two accounting firms looking into the books and having discussions with the SEC, Sharp had to give up trying to get the financials audited and had to abandon getting GVSI SEC registered. GVSI still is not SEC registered.
There's a current SEC restriction on GVSI's corporate actions such as a reverse merger because GVSI has not filed audited financials from 2008 - 2013 and is in violation of FINRA Rule 6490..
The SEC is specifically asking for something Sharp has already said he can't provide - audited financials - specifically from 2008 through 2013.
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
Sharp said he already tried getting GVSI audited with two accounting firms during an entire year and several discussions with the SEC but failed to do so.
https://twitter.com/GeorgeASharp/status/1622941929762615296?t=Ru684beacEHP7PJ2DPdJsA&s=19
Sharp already tried and failed to get GVSI audited. There is nothing new to try.
The SEC decision to restrict GVSI's corporate actions and GVSI's delinquency is the reason the SEC Rule15c2-11 warning is on OTC Markets' GVSI profile page and won't be taken off until the SEC restriction on corporate actions is lifted which seems highly unlikely
https://www.otcmarkets.com/stock/GVSI/overview
Especially since OTC Markets verified GVSI's profile on January 2023 and updated it to Pink Current on February 2023 but didn't take the Rule15c2-11 warning off its profile.
Failed share cancelations
Six defendants in Sharp's share cancelation lawsuit had the attempt at canceling their shares dismissed by Sharp and Carlin's share cancelation is MIA.
This outcome is worse than having lawsuits. Sharp flat out LOST and had to drop his case for six defendants and their shares were NOT CANCELLED! They obviously showed legal proof that they own the shares so Sharp had no choice but to drop the claim for these six defendants. Sharp didn't even respond. He LOST these six share cancelations outright.
Plus GVSI is not even a registered SEC stock which severely limits the quality of a merging candidate, if there even is one after all these blunders, rejections and delays.
An approved SEC Form 10 (SEC registration) for GVSI doesn't exist. The GVSI registration statememt Form 10 that Sharp withdrew and is mentioned below was NEVER refiled like Sharp said he would two Decembers ago.
https://twitter.com/OTCpinkGVSI/status/1463252163287785477?t=PM6k45kE5QeD15NdFlQjcQ&s=19
https://www.sec.gov/Archives/edgar/data/1068618/000149315221029704/formrw.htm
No high value reputable company will merge with GVSI if it has a FINRA Notice of Deficiency, the shares might be contested, if GVSI is not a registered SEC stock, has a bloated share structure of 7 billion and 2.4 billion OS and most importantly, if there is a current SEC/FINRA restriction on GVSI corporate actions.
And for those who say that George Sharp NEVER reverse splits his tickers, we have Sharp yet again NOT keeping his word (to go along with saying he would make GVSI an SEC registered stock among other things):
https://twitter.com/GeorgeASharp/status/1048291978809565184?t=1Xw8qqwn6oFcwfwaJ13aow&s=19
https://twitter.com/GeorgeASharp/status/1159930847811608576?t=kd8ExOFleizU7wc_Uv_Tzw&s=19
https://twitter.com/GeorgeASharp/status/1323292563416084480?t=tqoxkTCYCQ3aFYijtuWzLg&s=19
Mind you that Sharp again said in the above tweet that he would NEVER reverse split one of his stocks AFTER he did just that for GRDO - is that being honest?
GVSI's bloated share structure makes it another prime candidate for a reverse split if Sharp ever gets the SEC restriction on corporate actions lifted which is highly unlikely, no matter what many Sharp supporters repeatedly say about Sharp never reverse splitting his stocks.
Sharp cannot produce what the SEC/FINRA is specifically demanding to lift the restriction on GVSI's corporate actions - AUDITED GVSI financials from 2008 through 2013. Sharp has already said he abandoned getting GVSI SEC registered and reporting so the restriction on corporate actions such as a reverse merger can't be lifted.
https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf
https://twitter.com/GeorgeASharp/status/1622941929762615296?t=nO9n_6QOta3EVDuyvt5QkA&s=19
GVSI continues to be a disaster.
Recently GVSI withdrew its appeal of the SEC restriction on its corporate actions so the original restriction remains in place because of GVSI's continued violation of FINRA Rule 6490.
And now we have this from the most recent GVSI quarterly report:
https://www.otcmarkets.com/otcapi/company/financial-report/378041/content
No merger to speak about - at all. Could GVSI's FINRA Rule 6490 violation and FINRA's Notice of Deficiency have something to do with this?
Plus no serious company would want to do a reverse merger with a company that is not SEC registered and reporting with six years of missing financials and a bloated share structure of 7 billion AS and 2.4 billion OS.
So not only is there no merger candidate, the search for one hasn't even started.
Again, I've been saying that there is no merger candidate to speak of for months, along with GVSI going sub-penny four times now and it will fall to .005 soon.
Pumpers only offer empty statements with no references. They can't disprove that the SEC has a restriction on GVSI's corporate actions such as a corporate name change, ticker symbol change and most important - a restriction on any merger because there is a FINRA Notice of Deficiency for GVSI that has never been fiixed by Sharp. Nothing Sharp pumpers post directly addresses these major and existential SEC/FINRA problems GVSI has other than to give false information and misdirection.
Recent GVSI News
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