ResearchOTC are Trying to Rejuvenate GEO VISION INTL GROUP (PINK:GVIT)
A thick fog has fallen over GEO VISION INTL GROUP (PINK:GVIT), it would seem. The Pink tier on the OTC Market is full of companies that are not too willing to disclose information that their shareholders definitely deserve to know and we’ve seen many like them. In this aspect, at least, GVIT is one of the worst.
For a start, they don’t give out too much information on what exactly they do. Their website redirects to an e-commerce platform that sells rejuvenating lotions, wrinkle reducers and other supplements, which, if headlines are to be believed, are supposed to make people of age young and healthy once again. This is all well and good but, as always, we have to take a look at the company from an investors’ point of view, and there things take on a more grim nuance.
Unlike most of its counterparts on the Pink sheets, GVIT have filed a quarterly report with OTC fairly recently and as you’d expect, it looks terrible. We wonder how they even managed to get their website up and running with this sort of financials:
- cash: $1,200
- total assets: $7,941
- no revenue
- total liabilities: $17,059
- accumulated deficit since inception: $47,205
That’s not the only problem. Along with the quarterly report, they also filed in an Initial Company Information and Disclosure Statement, according to which the company started out back in 1986 after which it became dormant (not mentioned when or why) and in July 2012, they were reinstated. With that in mind we would say that it’s way too early to make any conclusions as to whether the company would succeed.
Things don’t look good, especially when you see that the public mailing and business address of the company is a P O box somewhere in Silver Springs, NV. As you might know, P O boxes are not recognized as physical locations and are often used by small businesses who don’t want to inform the public where their operations are based. This begs the question: “Why do they want to keep that information to themselves?”. Especially when you have in mind that there are shareholders who are directly interested in the company and what it is doing.
Another thing that disturbs us is the fact that in one of their press-releases, GVIT claims that the laboratory in which the rejuvenating products are produced is licensed with the government and it has all the permissions and certificates needed. When you go to buy the products on the website, however, there is no information about the manufacturing facility, where it is located, what sort of documents it possesses, etc.
If they rely on ResearchOTC to boost their credibility, they might as well quit right there. This particular newsletter have been sending emails about numerous companies, one of them being Data Call Technologies, Inc. (OTC:DCLT). They did it back at the end of July and it’s pretty clear what has happened since then.
What can we say about GVIT in conclusion? We have a company that started (once again) just a couple of months ago. At this point all potential investors have to work with is some products that are supposed to make your grandfather look young again and a dreadful financial statement where even their name is misspelt.
