Many Sharp fans think that there's only clear skies ahead with GVSI now that it's pink current but that's definitely not the case, especially looking at the last year and a half and GVSI's recent sell off as an example.
GVSI has been a case study on how to do a reverse merger in the worst possible way. Examples are letting GVSI go to expert market to begin with, the fact that it was in expert market for about a year, the fact that the attorney letter was filed without stating who prepared it and filing the financials with the wrong category which had to be resubmitted and Sharp had to own up to his mistake.
Then Sharp omitted his common shares from the latest GVSI yearly report which he had to refile yet again. And then there was the epic failure at submitting the Form 10 and getting it rejected by the SEC which caused GVSI to not be a registered SEC stock.a dismal fate for GVSI that still stands.
Sharp even said he's only continuing with GVSI is because he finishes what he starts - especially since he's primarily referring to not being able to get GVSI to be 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.
I had regretted taking over $GVSI. Had I known what I was in for, I would have never had done it. But even my most fervent doubters know that I don't just give up once I start. I spent a lot of my own money to get this done in order to justify the confidence of my supporters. https://t.co/RHSjRXdDyo
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Now there's the recent court filing where the incorrect box was checked, to add to the other mistakes that have caused countless delays. It makes you wonder if all these delays are on purpose in order to hide some ban news that we're not aware of yet.
SMH!
Just a collection of unforced errors, blunders, delays and rejections which cost all shareholders a year and a half of their valuable time, and most likely will continue if GVSI's history is an example of what lies ahead.
It was said (ad nauseam) that GVSI was going to get a multi-billion dollar 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 (ad nauseam) that GVSI was going to be a registered SEC reporting stock last year. It never was able to get registered with the SEC. GVSI still is not registered with the SEC.
It was said that GVSI was going to .10+ on pink current with people scambing for shares on that day. It bever did.
The reality is that there was a massive GVSI sell off on pink current, contradicting what was said by many here...and GVSI's price continues to bleed.
GVSI hasn't even recovered 1/2 of its pre pink current price and it's not even 1/5 the .10+ that was said would be reached on pink current day...and the price keeps falling on an almost daily basis.
Plus the share cancelation filed in court by George has a high probability of GVSI being mired in court for months and months from shareholders whose shares Sharp wants to cancel if the actual controversies aren't resolved in Sharp's share cancelation court case.
There's already one large shareholder who triggered a defamation lawsuit:
Brett Rosen, who has been avoiding service of process, has now bought himself additional litigation from $GVSI. Congratulations Brett!
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 21, 2023
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 - delays which most likely will continue with the recent actual controversies in court with the share cancelations.
No high value reputable company will merge with GVSI if the shares are being contested and if GVSI is not a registered SEC stock.
There's also no reason for this warning to still be on GVSI's OTC Markets profile after pink current:
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.
Sharp's own WNFT left expert market and had the warning removed right after pink current.
The warning is there on GVSI's OTC Markets profile for a reason.
There is also the fact that WNFT and SRNW both are registered SEC stocks and GVSI is not.
Plus this disaster of a stock's share structure is bloated - 7 billion and 2.4 billion OS - which along with the fact that GVSI not a registered SEC stock makes it a much less attractive shell for a merger.
GVSI continues to be a disaster.
And for those who say that George Sharp *NEVER* reverse splits his tickers, we have this whopper of Sharp yet again *NOT* keeping his word (to go along with saying he would make GVSI an SEC registered stock):
There will be no reverse split, dilution or toxic debt taken on so long as I am involved with $GRDO. Update filings will reflect a zero balance sheet. PRs are forthcoming.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) October 5, 2018
I regret giving the impression that $GRDO would not r/s, but unfortunately, it was the only way to get things done. Why would the shareholders want as much as 800 million shares in dead certificates? The only purpose that serves is to make it more expensive to raise money.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) August 9, 2019
GVSI's bloated share structure of 7 billion AS and 2.4 billion OS is another prime candidate for a reverse split to happen again, no matter what many here have said about Goerge Sharp not reverse splitting his stocks.