Hey question. Is GVSI SEC registered now at this moment? I thought it was rescinded from the past officer’s. I don’t recall seeing GVSI new re registration. I could be wrong but it wasn’t renewed there cannot be any type of open SEC case with a non registered entity.
But I could be wrong if you show that GVSI re-registered to good standing with the SEC
Let's look at all the evidence as to why there are no mergers anticipated and that GVSI hasn't even started looking for a merger candidate to go with the fact that GVSI only applied for a name/ticker change corporate actions and did NOT apply with FINRA for a reverse merger corporate action.
First - the Sharp's merger discussion tweet itself:
Now that $GVSI is current, we can move forward with discussions with our target merger candidate, whom we will not identify until/if there is an agreement. $GVSI has no way to know how long this may take or even if an agreement will come to fruition.
— American Blockchain Corporation (@OTCpinkGVSI) February 7, 2023
Second - a similar tweet about WNFT was sent last year by Sharp that was complete BS and I called it so that day...
The mandatory settlement conference did not yield an agreement with Calasse, however we anticipate that $WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s). This statement should not be construed as a guarantee for success.
"$WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s)." - complete BS just like the GVSI merger discussions tweet.
Third - there is a current SEC restriction on all of GVSI's corporate actions such as any type of merger because GVSI has not submitted audited financials from 2008 - 2013 which made GVSI SEC delinquent and restricted its corporate actions. There is also a FINRA Notice of Deficiency that was issued to GVSI:
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
Fourth - there is a FINRA Notice of Deficiency issued for GVSI.
Keep in mind that there has already been a decision made by FINRA (and the decision was affirmed) on GVSI's deficiency/delinquency and a restriction on corporate actions for GVSI and it has not resolved the delinquency which it can't because Sharp can't audit GVSI's financials.
GVSI has to account for what the SEC and FINRA are demanding and Sharp can't provide - audited GVSI financial statements. The SEC delinquency determination (Notice of Deficiency) and the imposition of the SEC restriction on corporate actions was placed on August 16, 2019.
Fifth - and related to the SEC restriction on GVSI's corporate actions is the fact that GVSI is also in violation of FINRA Rule 6490.
...the Notice of Deficiency pursuant to FINRA Rule 6490 still stands and proves that there is a current SEC restriction on GVSI's corporate actions because of GVSI's deficiency/delinquency.
It seems there's no merger candidate to speak of. The search hasn't even begun.
So it shows there doesn't seem to be a merger candidate. But then again, what serious company would merge into such a problem-plagued shell?
But the GVSI merger discussions will continue to be posted by pumpers even though the quarterly report specifically states there is no reverse merger candidate and that there is no reverse merger anticipated, plus the GVSI merger is not possible according to SEC documentation because of its FINRA Notice of Deficiency, GVSI's violation of FINRA Rule 6490 and the SEC restriction on corporate actions.
And Sharp didn't say what the "agreement" was, and since the administrative proceeding was an "UNWINNABLE BATTLE" it definitely is not in GVSI's favor.
So Sharp seems to be admitting that getting GVSI's corporate actions approved by the SEC/FINRA is "UNWINNABLE."
There's a reason why Sharp isn't bragging (as he usually does) about the "agreement."
For those wondering why $GVSI didn't file this sooner, counsel had quite a battle getting answers from FINRA and the SEC on how to end this unwinnable battle which was begun by previous management. We finally reached an agreement with the SEC. https://t.co/KRN4h0hthw
— American Blockchain Corporation (@OTCpinkGVSI) June 4, 2023
Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days
— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022
Recently GVSI withdrew its appeal of the SEC restriction on its corporate actions so the original restriction on GVSI's corporate actions such as a corporate name change, ticker symbol change and reverse merger in place because of GVSI's FINRA Notice of Deficiency, its six years of missing audited financials and its continued violation of FINRA Rule 6490.
GVSI is still SEC delinquent, not SEC registered, not SEC reporting, in violation of FINRA Rule 6490 and still has six years of missing audited financials from 2008 - 2013 **before** it filed its Form 15.
Anybody involved or thinking about getting involved with GVSI should read about FINRA Rule 6490 CAREFULLY.
The SEC placed the restriction on corporate actions on GVSI because of GVSI delinquency in not filing audited financials for the years 2008 - 2013. An order which still stands.
Sharp has already stated that he was unable to get the financials audited.
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
The plethora of partial name changes by previous management and its inept counsel didn't help $GVSI either and all that had to be unwound and mapped out. https://t.co/xk3RKcKZ8d
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Obviously it was not "unwound and mapped out" well enough to get GVSI registered with the SEC.
Sharp supporters also falsely insinuate that all that is needed is for GVSI to withdraw the appeal to the SEC/FINRA restriction on corporate actions to lift the SEC restriction and have the FINRA Notice of Deficiency disappear but the truth is only the SEC has the authority to lift the restriction and the Notice of Deficiency is on file with FINRA. Sharp has already said he wasn't able to audit GVSI's financials. And Sharp has never addressed the FINRA Notice of Deficiency and the SEC/FINRA restriction on GVSI's corporate actions or mentioned it in any tweet, disclosure or financial statement.