GVSI Closed Up 65.93% Today
Upon ‘News Of A Reverse Merger LOI
To Acquire A Blockchain Tech,
Today, American Blockchain, (OTCMKTS:GVSI) saw a close up 65.93% to $.0224 after key updates to the companies official twitter/X page and the CEO, Mr. George Sharp’s twitter/X page, showed that the company has entered an LOI to acquire a Blockchain tech, cryptocurrency company, a process better known as a reverse merger. This is massive news that will undoubtedly capture the attention of the majority of the worlds penny stock investors attention because of the incredible history that Mr. George Sharp has, as having previously spearheaded the highest gaining reverse merger penny stock play of all time.
Our Long History With GVSI As A Former Big Runner For Our Platinum Members:
GVSI was an old reverse merger penny stock pick for our Platinum Membership Subscribers back in 2021, that gained 628.93% for our Platinum Members over the course of three weeks from $.0083 to $.0605. We eventually chose to remove it as a pick because the company gave advance notice that it would be de-listed to the gray market, which would mean a lengthy process in which no one in the entirety of the U.S. would be able to purchase the stock and could only sell it, if they already owned it. Obviously, this would lead to the price being crushed, so we made clear to members that it would be best and safest practice to sell it short-term until we returned to it at a much later time. Admittedly back then, we did not anticipate that it might be a multi-year journey.
Now, Why Have We Decided To Return To GVSI As A Key Pick To Keep On Watch Lists?
GVSI is a shell stock as defined on our explanation of reverse merger penny stocks here: https://www.pennystockdream.com/reverse-merger-penny-stocks
Many shell stocks of the past have led to some of the largest percentage gains ever seen within the stock market because they are a preferred vehicle for private companies to become publicly traded entities by reverse merging their companies into the shell stock, as a faster and more cost-effective means of going public, than a full IPO. Once such a procedure is completed, the private company and its assets are absorbed into the shell, providing the stock with the total value of the merged corporation. Shells typically trade at fairly low valuations, so once this is completed it can provide investors that essentially invested into what was formerly a near worthless shell, with the newfound value of the merged entity, which has in many cases led to overnight wealth for early investors. The risk side of such transactions, is that cancellation of such a reverse merger, could just lead to the shell remaining worthless forever, or even eventually not trading, which could wipe out all value.
The CEO of GVSI, is Mr. George Sharp, the man that crafted the largest gaining reverse merger that has ever been seen, which was the reverse merger of Humble into his TSNP shell back in 2020, which went on to see a total percentage gain of around 1.5 million percent. And no, that was not a typo. IT was a total move from $.0001 to over $2. It comes as no surprise that investors around the world have been anxiously waiting for him to complete another reverse merger.
After a total 2.5 year process, the official Twitter page for GVSI updated it’s bio last night, (just noticed by investors today) to state the following:
“ABC has entered into a non-binding LOI to acquire significant interest in an established, USA-based, Blockchain and Cryptocurrency enterprise.”
Following this, the official twitter page also posted a gif to the companies page stating, “She said yes!” which suggests that the deal may be completed.
Further, the companies CEO, Mr. Sharp, took to his own twitter account providing confirmation of the updates sent out via the company official twitter page and in doing so stated that the update to the page regarding the LOI was made last night, whereas traders did not notice until today.
Mr. Sharp has made very clear that the intended reverse merger candidate for GVSI, would be blockchain related, which is what prompted his decision to rename the company to American Blockchain.
Without fully detailed knowledge of what company has been selected to reverse merge into the shell, the inner workings of said company, and of course no particular guarantee that any acquisition will be completed, GVSI remains a highly speculative play with no guaranteed profit potential. Even with that said, the fact that his last reverse merger back in 2020 hit around a $2 billion market cap, while GVSI is currently below a $50 million market cap, has generated a monstrous amount of hype around this stock and we believe that it can see multiples above current price per share. Typically we would avoid releasing something that saw such a large one day run, immediately after said growth but as we stated even back in 2021 with this one, the potential of this is too vast to avoid releasing, now that the companies official page and the CEO have each tweeted regarding its stated LOI for a reverse merger acquisition.
It stands to reason, in our opinion, due to the history of George Sharp, the the lions share of attention and liquidity within the penny stock market, will be aimed toward GVSI tomorrow and for the foreseeable time, over the coming weeks.
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