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Hi_Lo

08/28/23 1:35 PM

#144236 RE: HokieHead #144227

We'll see who laughs last.

This stock is circling the drain with all the SEC and FINRA problems it has and when things couldn't possibly get worse, now there's this from the most recent GVSI quarterly report:

https://www.otcmarkets.com/otcapi/company/financial-report/378041/content



List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

NONE



No merger to speak about - at all. What's worse is that a merger isn't even anticipated. Could GVSI's FINRA Rule 6490 violation and FINRA's Notice of Deficiency that has something to do with this? Or could it be the SEC restriction on GVSI's corporate actions have something to do with it? Or could the six years of missing financials have something to do with it? Or is it the bloated AS of 7 BILLION AS and 2.4 BILLION OS that has something to do with it? Or could if be that no serious company would want to do a reverse merger with a company that is not SEC registered and reporting?



We have incurred nominal operations since custodianship and will actively search for suitable merger candidates to assist in the sustaining of operations. The Company is being funded solely by its CEO as of June 30, 2023, and has been since the custodianship was effective.



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 three times now and it will contunue to lose value because of all the existential SEC and FINRA problems it has plus not having even one single share being cancelled. Sharp has 6 losses and 0 wins when it comes to share cancellations.

No serious company would ever consider merging into GVSI.
Bearish
Bearish