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Monday, November 20, 2023 11:07:30 AM
The court filing could very much be read like someone was acquiring an asset from GVSI, which could of course be the control block of shares, in theory. Hey - merger city in that case. What other asset could it be? Maybe just an investment block of shares, but not control? Either of those make sense for needing to finalize the share cancellations so everyone knows where they stand, share structure-wise.
The alternative, that GVSI is acquiring an asset, like today's tweet kinda sounded more like, would be a different situation. Is he buying an existing working company? Just rolling in a startup? Either of those pretty much indicates he's going the holding company route. Certainly not as glamorous as a reverse merger which is what OTC players want to see.
Or is he just buying a bitcoin mining machine or something? That would certainly be a reason for keeping mum about it. Not sure there would be a reason to be held up by finalization of share cancellations though.
Quite frustrating, George being this ambiguous. And it certainly seems by design, for whatever reasons he has.
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