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Hi_Lo

02/07/23 5:32 AM

#115637 RE: delerious1 #115570

The GVSI share cancelation and actual controversies in court from shareholders whose shares Sharp wants to cancel have NOT been put to rest and still exist.
Bearish
Bearish

Hi_Lo

02/07/23 6:10 AM

#115641 RE: delerious1 #115570

Not put to rest!



How can a merger take place when the share structure is not certain?



Those are Sharp's words.

From Sharp's recent GVSI court filing where he wants to cancel shares:

Actual controversies have arisen and now exist between Plaintiff and Defendants



https://dictionary.law.com/Default.aspx?selected=2319

actual controversy

n. a true legal dispute which leads to a genuine lawsuit rather than merely a "cooked up" legal action filed to get a court to give the equivalent of an advisory opinion. Federal courts, including the U.S. Supreme Court, will only consider an "actual controversy", on appeal, since they will not give advisory (informal) opinions or make judgments on "friendly suits" filed to test the potential outcome.



Plus GVSI is not even SEC compliant which limits the quality of a merging candidate, if there even is one after all these delays - delays which most likely will continue with the recent actual controversies in court with the share cancelations.

No company will merge with GVSI if the shares are being contested.
Bearish
Bearish