The share cancelation will most likely be contested in court.
Also, you all knew about the Calasse appeal. Why would you not think that it would affect negotiations? How can a merger take place when the share structure is not certain? You all need to take a breathe and think before you hit the "BUY" button. https://t.co/LSlQSykKBO
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) July 8, 2022
How can a merger take place when the share structure is not certain?
Those are Sharp's words.
From Sharp's recent GVSI share cancelation court filing:
Actual controversies have arisen and now exist between Plaintiff and Defendants
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.