I-Glow
3 days ago
I was looking at the GVSI Twitter feed and this is pretty funny. Anyone that believes in Sharp deserves to lose their investment.
@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". 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]."
$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.
That is complete BS. No real private company would even consider using GVSI to go public. First they would want to be on a exchange. And Sharp can't get FINRA to process a simple name and symbol change.
Only pumpers put a $ in front of a stock symbol.
You can tell GVSI is a scam when Sharp posts this nonsense - "$GVSI announced that it had enter into a non-binding Term Sheet for the acquisition of a privately owned Blockchain enterprise."
When you read about a non-binding term sheet, LOI or MOU it is guaranteed to be a scam. There never was a private company that was unterested in GVSI - just more Sharp pumping.
Sharp cant keep the pinkyland fantasy straight - first he states -"that it was terminating the merger effort as neither they nor the funding company wished to be involved in the "culture of chaos that is common in the OTC market" but he follows it up with the following - "$GVSI announced that it had enter into a non-binding Term Sheet for the acquisition of a privately owned Blockchain enterprise."
So the fictional company was going to do a merger with GVSI and they were going to provide the funding. But Sharp states that GVSI was going to acquire blockchain company.
Sharp has zero transparency. And shareholders won't hold him accountable for their losses because for some oddball reason they are scared that Sharp might ban them on twitter - which if there was a shell that reported to the SEC it would be violation of Reg FD.
IG