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:
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?
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.