It's not even about that!! Imo, it's about whether or not previous management screwed this ticker up so bad that FINRA won't approve future corporate actions. But good for you if you are optimistic even though GS has warned us more than a few times about these tickers.
Anyhow, to me it STILL comes down to these two things:
But Lanham wasn't able to get FINRA to approve the reverse split because FINRA found too many red flags in GVSI that Lanham was unable or unwilling to remedy.
Lanham and his fellow attorney Richard Cutler spent nearly a year appealing FINRA's decision, but FINRA wouldn't budge.
It's one of the main reasons that GVSI is probably too dirty for anybody to do much with in the future, making it a bad custodianship candidate.
The A/S will definitely have to be raised back up at the NV SOS at some point, if the ticker is to get active again.
And anybody thinking of taking over GVSI should serious consider that FINRA is highly unlikely to approve any future corporate action, including any name changes or future reverse split, making the shell basically DOA.
Frankly, I am leaning towards FINRA approval of the ticker/name change (meaning future corporate actions as well) but I'm just not as sure as some seem to be. Like yourself.