Major Profits
8 hours ago
Agree, but it's not that simple is it? (More on that in a second).
There will be no "good days" until Sharp gets up off his ass and delivers what he previously tweeted about...a reverse merger.
But first, whatever happened to the other "potential candidate" GS said he had??
GVSI management believes that the company is close to a significant acquisition with two potential targets under serious review.[Dec 28, 2023]
And I assume that GS chose the one he thought was the best between the two but that one fell through, so what happened to the other one?
Anyhow, the problem now, afaic, is whether or not GS can get this SEC Reporting again because, from what GS has said (the way I read it), this has to become SEC Reporting again before FINRA will process any applications for corporate actions. As GS has said:
The Issue
A couple of generations of management ago, GVSI used to be an SEC reporter, filing audit financials. The last of these audited financials was filed on February 14, 2008. Then, on June 26, 2008, GVSI filed notice of late filing for the first quarter of 2008 (blue).
On July 10, 2013, GVSI filed a Form 15, which is notice that the company doesn't intend to be an SEC Reporter any longer (yellow). However, in this case, the Form 15 was filed when GVSI was already 5 years delinquent in its reporting requirements. The filing of a Form 15 is only truly effective in absolving a company of its reporting requirements if that company is current in its reporting at the time of the filing.
Here, the filing of the Form 15 did not absolve GVSI of its delinquency. Nor does making the company Pink Current, as was accomplished during 2023. While the company is in good standing with the OTC markets, in the eyes of the SEC and FINRA, GVSI remains a deliquent reporter. FINRA will not process a corporate action such as a name change, symbol change or reverse (or forward) split while an issuer is deemed delinquent in its reporting requirements.
The Solution
In order for FINRA to process GVSI's corporate actions--FINRA does not approve actions, they only process them--GVSI will have to once again become a reporting issue in good standing. To do so, GVSI will have to file two years of audited financials within a Form 10 filing. Current reinstated as an SEC reporter in good standing.[Color emphasis mine]
But in order for him to get this SEC Reporting doesn't he need those FIVE YEARS (2005-2013) of missing financials? I believe he does, so what if he can't get them?
Besides that, I'm wondering if GS can't get the missing financials, and also knows he can't get this SEC Reporting again, would it be legal for him to come off as if everything is fine and, perhaps, even announce a "merger" when he knows it won't or can't happen?
Just asking.
TIA
GLTA
P.S. On the bright side, if he can't get this SEC Reporting again, perhaps what GS could do is change the name of "American Blockchain Corporation" back to "Good Vibrations Shoes, Inc." and start selling vibrating shoes again.
I-Glow
9 hours ago
What is funny is that you invested in a scam and are still defending Sharp. Now that isn't very bright.
Sharp has promised a great deal but hasn't delivered anything of value.
Why do you pumper boys always tap dance the facts - such as why is it going to take another year to file a Form 10. It has already been over 2 years since Sharp withdrew the last Form 10.
It is hilarious that shareholders are too scared to ask Sharp a question - oh he might ban you.
Sharp lied about having a company lined up to be acquired by GVSI - anyone that believes that BS from Sharp deserves to lose their investment.
Poor pitiful Sharp:
"American Blockchain Corporation reposted
George Sharp - Advocate for truth in the OTC
@GeorgeASharp
On February 6, 2024, $GVSI announced that it had enter into a non-binding Term Sheet for the acquisition of a privately owned Blockchain enterprise. This evening, that company informed $GVSI by email, that it was terminating the merger effort as neither they nor the funding company wished to be involved in the "culture of chaos that is common in the OTC market". in [color=red]Specifically, the blockchain company cited the "lack of appreciation by supposed shareholders who currently own nothing as will [sic] as disdain towards management, as seen on social media." The email also states that, "We do not wish to be subject to nor influenced by public holiganism [sic]." [/color]
$GVSI notes that the owners of the blockchain company are foreign-born Americans and of a culture more tempered than that of western countries.
$GVSI management will continue to seek the acquisition of an asset, but given the previously discussed issues with FINRA, it does not expect to be successful before mid-2025."
Everybody mistreats little George.
IG
reaper247
21 hours ago
Pfffttt iglow. That is so stupid.
So you don't want anyone posting facts about GVSI - you only want the Bluesky smoke blowing pumping nonsense posted 247.
These self-appointed fraud squad dopes are all the same.
If I and other longs stop posting, we get the knucklehead stock cop Wanna-Be's claiming that we stopped posting because the "SEC is closing in."
And in the same breath, the same idiots claim that they only post facts.
Its buffoonery.
Just because these ihub fraud squad dopes managed to find the SEC tip line on google and added it to their speed dial as a hobby, doesn't make them any kind of authority on anything.
What's worse, is they run around ihub, claiming moral high ground over everyone else, while touting some kind of honorary stock cop plastic badge.
Its truly pathetic.
LOL, IMO and FWIW.
reaper247
22 hours ago
Wait, what yolo?
That would be a fair offer, except I've put a lot more thought into my posts. Thus, I think I'm more deserving to post as often as I do, seeing as you are proven wrong quite frequently.
Just one prime example, for your consideration:
The almost year-old post of mine that you linked to was correct at the time.
Not only did you not prove me wrong, you didnt respond at the time because you knew I was right.
If Sharp sold his shares recently, it doesnt make that post from a year ago wrong.
Dope.
IMO and FWIW.
Hi_Lo
1 day ago
It's not cognitive dissonance. It's being in WNFT for the court decision, which it will most likely win, and wanting nothing to do with the dumpster fire this stock is. A stock that you bought into falling for the pumper bullshit that I continuously warned about.
One of us got suckered into buying into this junk and it wasn't me. In fact, one of us warned for about three years now that Sharp wasn't being truthful and that GVSI was a regulatory disaster, carefully spelling out why, yet fools like you bought AFTER all the warning signs were posted and laid bare.
You truly are a fool's fool.
Yolo
1 day ago
I have around 750 posts here on the GVSI board.
You have over 1580.
If you quit posting here right now, I will quit when my post count catches up with yours.
That would be a fair offer, except I've put a lot more thought into my posts. Thus, I think I'm more deserving to post as often as I do, seeing as you are proven wrong quite frequently.
Just one prime example, for your consideration:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172065065