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Good Vibrations Shoes Inc. (GVSI)

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Last Post: 5/22/2017 9:59:30 AM - Followers: 151 - Board type: Free - Posts Today: 5


 

GVSI Security Details
Share Structure
  Market Value1 $24,709 a/o Dec 21, 2016
  Authorized Shares 7,000,000,000 a/o Dec 20, 2016
  Outstanding Shares 2,205,413,500 a/o Dec 20, 2016
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float 1,914,093,315 a/o Dec 20, 2016
  Par Value 0.001
 
Shareholders of Record 586 a/o Dec 20, 2016

 

 

 Good Vibrations Shoes announces new direction and sale of its subsidiary

RIVERHEAD, N.Y., March 21, 2017 /PRNewswire/ -- Good Vibrations Shoes, Inc. (OTC-PINK: GVSI) today announced that the company has sold its brewery subsidiary, Long Beard Brewing Co. back to its founders, and is moving forward as a business consulting firm.
As part of the strategy moving forward, CEO Paul Carlin will be stepping down from the board of directors and leaving the company to run the brewery business as a private entity. The company confirms that the brewery business is just not suited to be a public company. "We have come to the realization that it is just not cost effective, and being public brings little benefit to a company like Long Beard Brewing Co. at this stage in its development." Explained Mr. Carlin, who went on to say, "The shareholders will be much better served utilizing the company's existing knowledge and resources to service consulting clients who will require far less funding and therefore little or no dilution moving forward."

The transaction was designed to sell back the intellectual property rights, and small amount of equipment that Long Beard has in exchange for the debt owed to the principals for salaries and expenses laid out over the past year, which will allow Good Vibrations Shoes to avoid having to add more debt to its books.
Good Vibrations Shoes, Inc. (GVSI) will move forward offering business consulting in the industry, while possibly seeking a more suitable merger candidate. The company plans to service a handful of clients in the beginning and then to either grow the consulting practice or to merge in a much more substantial business to create shareholder value.

In closing Mr. Carlin added, "I cannot express just how thankful we are to those who supported us in the brewery endeavor up to this point, and how honored we are to have had the opportunity to bring this business to the shareholders of Good Vibrations Shoes, Inc. Hopefully this move is a new beginning for GVSI shareholders that will bring some stability, and value to the company moving forward."

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/good-vibrations-shoes-announces-new-direction-and-sale-of-its-subsidiary-300427109.html

SOURCE Good Vibrations Shoes, Inc.

 

UPDATE DECEMBER 6 2016

I got the allowance to post it

MORE TRANSPARENT A COMPANY CAN'T BE


It's about Dilution, Ray Barton and share buyback

My name is Adam Weiss and I have been brought in to help Paul handle some of the public side of the business. Let me start by saying right out of the gate that it is very easy to cry "Scam" whenever a stock goes down. It is another thing to look at the facts. The fact is that with GVSI, as with almost all Pink Sheet stocks, any dilution to come is clearly disclosed 1 or 2 years in advance and should never be a surprise. If you look at GVSI's disclosures going back to 2014 you will see very clearly that long before Paul came along, the company had taken several hundred thousand dollars in loans from Ray Barton and his affiliated companies. This was not imaginary money, but real checks were written by him to a startup company with astronomical risk. Not that I am sticking up for Barton's methods or strategy, but certainly nobody scammed anybody here. I am not trying to say that shareholders should not be disappointed at all, I am trying to educate shareholders so that they know what to expect the next time they invest in a Pink Sheet company that is Pre-Revenue. You can easily take the debt disclosed in those disclosures and divide by .0001 (the lowest price used), then just apply the standard 50% discount by doubling that number of shares and you would have known exactly where the float and OS would be in 2017 and in 2018 in about two minutes with second grade math. There's nothing hidden, nothing secret, and all that is happening is here is that some of the creditors are requesting to be paid what is owed. That's all. I can say with confidence that a company paying back debt it owes, which was publicly disclosed two years ago is a definitely not scam. In fact is the OS had not grown to 1 bil by now, I'd be very suspicious. If you had emailed me in 2015, I could have told you exactly what the OS would be for 2016 pretty much down to the share.

With that said I have some more information for you: First, Barton and the affiliated companies have forgiven several hundred thousand dollars in debt completely. He/They are choosing not to be debtors of any of the pink sheet companies anymore and in-fact he currently has no direct involvement with the stock in any way. So any idea that he has influence over the stock, the OS, or the price, is just not factual. Second, there is no plan for any kind of reverse split at this time and I am recommending to the company that they do not split. I think they can easily carry a several billion share OS moving forward as long as the business falls in line. I see no reason to do so. Could that change? anything could change but I don't see it. Lastly, all of the debt associated with the 8K put out this summer resulting in the increase in authorized has been rendered null and void. V2IP defaulted on the deal and all of that old debt originating from Ray Barton is now basically wiped off the books. The authorized will be lowered dramatically as soon as a change to WY is completed.

Again, its not my job to change your mind, or to get you interested in GVSI. It still holds tremendous risk. However I do want to clear up this misconception that some sneaky people in back rooms are printing stock certificates and flooding the market. It just does not work that way. Look at the disclosures for 2013, 2014, 2015 and read them so you know the company you are investing in. Also realize the amount of risk, and the almost definite dilution that will come with ANY pink sheet stock as part of the business. Dilution occurs when companies gain funding. Companies go public in order to gain funding. It's fundamental to the market, so you should understand that.

I asked about buyback

Lastly just to address your comment about buying back shares. Remember that Long beard is public for one reason only. Because they need funding, which means they (the owners or the company) do not have cash to buy up shares. Occasionally a company takes on debt and then becomes so successful that it is able to pay the debt back in cash and avoid the dilution but that occurs in about .05% of the cases. This does not take away the fact that Paul and his team are dedicated to the brewery, and trying desperately to build a thriving successful business. Whether or not they succeed, we will have to see.

I hope this helps clear some things up for you.

Adam Weiss



 

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PostSubject
#2362  Sticky Note Please stay on topic. The only topic to IH Admin [Dan] 05/06/14 09:36:37 PM
#8690   FINRA...Fee is $200 DOLLARS....However certain paperwork has to filed... BRATTLECAM 05/22/17 09:59:30 AM
#8689   No idea. Call the CEO and ask or THall 05/22/17 09:11:46 AM
#8688   Is the cost of a R/S Aprox $7500 Dollars?? BRATTLECAM 05/22/17 09:10:47 AM
#8687   Any day THall 05/22/17 09:02:09 AM
#8686   When is estimated lead Time... BRATTLECAM 05/22/17 09:01:04 AM
#8685   Keep an eye on the daily list for THall 05/21/17 08:41:26 PM
#8683   Any idea when? Have you talked to the THall 05/21/17 06:37:55 PM
#8682   A new Broom swepts clean...I think He has BRATTLECAM 05/21/17 06:37:21 PM
#8681   This will be the next ticker to go THall 05/21/17 06:19:56 PM
#8680   R/C Should cost approx $ 7500...If He is BRATTLECAM 05/21/17 11:36:57 AM
#8679   Because the share structure sucks. Why would any THall 05/20/17 04:55:13 PM
#8678   Anything is possible in the otc , I've miverson1234 05/20/17 04:06:21 PM
#8677   Sounds good.....Why do you feel this way?...Did you BRATTLECAM 05/20/17 03:04:49 PM
#8676   GVSI reverse split inevitable. THall 05/20/17 08:52:41 AM
#8675   Strap in because if this baby ever gets THall 05/19/17 05:59:10 PM
#8674   $50 in trades, still zero bid....Booyah ZorbaX 05/19/17 03:26:51 PM
#8673   http://otcshortreport.com/?index=GVSI&action=view hh718 05/19/17 12:54:14 PM
#8672   Maybe CEO Lampert had money he needed to THall 05/19/17 12:02:34 PM
#8671   Can you show any proof that he invested ZorbaX 05/19/17 09:00:01 AM
#8670   As of today he did. Still no information THall 05/19/17 08:41:44 AM
#8669   CEO Lampert did,nt invest $4775 Dollars as a BRATTLECAM 05/19/17 07:25:40 AM
#8668   Thank you thats good information THall 05/18/17 08:10:51 PM
#8667   They won't be suspended by the SEC as jvgcredit 05/18/17 08:04:12 PM
#8665   It is not necessary to prove allegations that ZorbaX 05/18/17 05:09:06 PM
#8664   Exactly. With this share structure a new company THall 05/18/17 03:33:33 PM
#8663   Bottom line is IF GVSI morphs into rmarc 05/18/17 03:32:37 PM
#8662   No company direction. No word they even have THall 05/18/17 03:32:31 PM
#8661   Prove allegation that their Leaderless!! BRATTLECAM 05/18/17 03:28:30 PM
#8660   SEC suspension looming. Could take place any minute THall 05/18/17 03:27:34 PM
#8659   Company Dark/Defunct Buyer Beware Stop Sign THall 05/18/17 03:24:50 PM
#8658   Name has not been changed for 3 different THall 05/18/17 03:21:57 PM
#8657   The last time this shell filed was July THall 05/18/17 03:20:31 PM
#8656   Prove Allegations,,, BRATTLECAM 05/18/17 03:16:30 PM
#8655   Hope the new scam files SEC paperwork before THall 05/18/17 03:13:09 PM
#8651  Restored Here is Proof that Paul Carlin was aware rmarc 05/18/17 02:25:46 PM
#8649   It may be old news but it is rmarc 05/18/17 02:13:08 PM
#8648   Thats old news let it go. A new THall 05/18/17 02:06:49 PM
#8647   It was previously posted on this board that rmarc 05/18/17 02:05:16 PM
#8646   Actually greys can still trade but good luck Chrisny73 05/18/17 12:47:35 PM
#8645   Who cares. They are not the ones who THall 05/18/17 09:36:06 AM
#8644   ..thats what I said....and Thanks for confirming the BRATTLECAM 05/18/17 09:34:34 AM
#8643   No they arent. They are current with the THall 05/18/17 09:27:04 AM
#8642   That,s crap...Their current with the Nevada SOS,Which you BRATTLECAM 05/18/17 09:26:29 AM
#8641   SEC suspension looming here. Filings are seriously delinquent. THall 05/18/17 08:37:42 AM
#8639   Point on... BRATTLECAM 05/18/17 06:56:03 AM
#8636   Who cares if he was duped or not. THall 05/17/17 08:56:36 PM
#8635   That's old and irrelevant since the beer guys rmarc 05/17/17 08:53:04 PM
#8634   Thats old and irrelevant since the beer guys THall 05/17/17 08:23:42 PM
#8633   Excellent post I mean haha miverson1234 05/17/17 08:22:58 PM
#8632   Excellent lost miverson1234 05/17/17 08:22:41 PM
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