SureTrader Nadex Advertisement PGUS
Home > Boards > US OTC > Miscellaneous >

Good Vibrations Shoes Inc. (GVSI)

GVSI RSS Feed
Add GVSI Price Alert      Hide Sticky   Hide Intro
Moderator: Arnold25764, ChipnBella, THall
Search This Board: 
Last Post: 3/24/2017 5:59:58 PM - Followers: 157 - Board type: Free - Posts Today: 0


 

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



 

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
GVSI
Current Price
Volume:
Bid Ask Day's Range
SureTrader
PostSubject
#6093  Sticky Note $GVSI .0002 News Out- Filing for Name Change, Arnold25764 11/10/16 02:24:40 PM
#2362  Sticky Note Please stay on topic. The only topic to IH Admin [Dan] 05/06/14 09:36:37 PM
#8466   Only thing GVSI is good for is a THall 03/24/17 05:59:58 PM
#8464   yea I got out of this pos today! Charlie3274 03/24/17 04:45:37 PM
#8463   32 million at .00009 deals are being made THall 03/24/17 01:48:58 PM
#8462   I would like to be part of the Chrisny73 03/24/17 01:44:11 PM
#8461   How do I get in on that? ChipnBella 03/24/17 01:30:11 PM
#8460   Doesn't hurt to be positive. mjtwmiller 03/24/17 09:57:12 AM
#8459   Good job please keep us posted StocksNcash 03/24/17 05:12:53 AM
#8458   Right on Lonestar1 03/23/17 06:44:55 PM
#8457   Have filed a SEC Complaint with Attorney Hagens BRATTLECAM 03/23/17 06:07:22 PM
#8456   That’s about as likely as Dr. Frank-N-Furter being hetero. Scumbag Fraudsters 03/23/17 04:15:50 PM
#8455   All in all it was a good day THall 03/23/17 04:10:34 PM
#8453   You're one of the lucky ones. I bought Lonestar1 03/23/17 03:33:37 PM
#8452   At least the Barton trap I got caught Scumbag Fraudsters 03/23/17 03:29:42 PM
#8451   same here I was only interested in the Chrisny73 03/23/17 02:56:23 PM
#8450   hey I dont know what happened here. ChipnBella 03/23/17 02:25:53 PM
#8449   If you believe that then I feel sorry StocksNcash 03/23/17 02:23:18 PM
#8448   Me too LOL StocksNcash 03/23/17 02:12:42 PM
#8447   oh wow - Maybe hold on to them ChipnBella 03/23/17 02:12:40 PM
#8445   i'm trying to get rid of my 220000 Chrisny73 03/23/17 01:31:09 PM
#8444   I don't suppose a call to the Sherrifs Lonestar1 03/23/17 12:13:32 PM
#8443   It amazes me how these schemes go on StocksNcash 03/23/17 11:05:09 AM
#8442   I guess hold what you have for the StocksNcash 03/23/17 11:03:05 AM
#8441   A Mod should go through the ibox and ChipnBella 03/23/17 09:40:09 AM
#8440   The SEC is biting at the Bit...after those BRATTLECAM 03/23/17 09:03:16 AM
#8439   Longs..you know before those Frauds got involved Jan BRATTLECAM 03/23/17 06:36:46 AM
#8438   Sorry, doesn't look like the SEC will be Scumbag Fraudsters 03/23/17 01:54:39 AM
#8437   Yes, I agree, some filings would be nice mjtwmiller 03/22/17 06:51:07 PM
#8436   Filings would be nice. Lonestar1 03/22/17 06:39:34 PM
#8435   On a positive note maybe we get some mjtwmiller 03/22/17 06:34:57 PM
#8434   Haha would be fun to read and see miverson1234 03/22/17 06:34:31 PM
#8433   I'm thinkin bout posting a few words on Lonestar1 03/22/17 06:18:33 PM
#8432   Oh just some encouraging bs there is all. hh718 03/22/17 06:11:03 PM
#8431   I'm not sure I understand what you just Lonestar1 03/22/17 06:01:49 PM
#8430   A tall order for sure. BTW, and hh718 03/22/17 05:54:05 PM
#8429   How would you suggest doing that? This pig THall 03/22/17 05:48:43 PM
#8428   Can you spin a comotose tortoise? Now hh718 03/22/17 05:44:40 PM
#8427   Hit me that this would be the ace hh718 03/22/17 05:41:36 PM
#8426   I would like to see an investigation and Lonestar1 03/22/17 05:27:49 PM
#8424   Can't we start a class action lawsuit ? StocksNcash 03/22/17 04:54:43 PM
#8422   This was a premeditated scam perpetrated by Paul rmarc 03/22/17 03:50:41 PM
#8421   Stone cold proof that CEO Paul Carlin knew rmarc 03/22/17 02:18:38 PM
#8420   Where did you get that idea? Scumbag Fraudsters 03/22/17 12:17:54 PM
#8419   The way I see it, that equipment should ChipnBella 03/22/17 12:16:16 PM
#8418   Thall, you are dead wrong that the despicable rmarc 03/22/17 12:14:10 PM
#8415   Now everyone needs to contact the SEC. Scumbag Fraudsters 03/22/17 11:54:42 AM
#8414   Well then. I wonder who is in charge Lonestar1 03/22/17 11:52:22 AM
#8413   Well with that logic then. Any holder of THall 03/22/17 11:46:55 AM
#8412   You're saying we can't sell our shares or Lonestar1 03/22/17 11:38:41 AM
#8411   Well we screwed the pooch on this one! ROCKER67 03/22/17 11:34:50 AM
#8410   Hang Em High!!! ROCKER67 03/22/17 11:33:11 AM
PostSubject