GVSI Security Details
| ||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.