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What stock of his is or was a scam?
AMERICAN BLOCKCHAIN NEWS CAUSED MAJOR WORRISOME!!!
How long would that take?
Awesome News. Thank U for ur THOROUGH DD!!!
SO U R SAYING IF SWAPP IT WILL BE HUGE!!!!
FORM 10K SHOWS HE STILL HAS 20 MIL SHARES!!!!!
NEXT!!!!!!!
And $24 Purchase 200 shares at GOF. LOL
So obvious!!!
Wrong Information Next!!!!
This is about FINRA stopping quotation services provided by FINRA’s own regulated Market Makers for OTCBB. I already sent you an official link showing FORM 211 in not needed for OTCM Pink stocks since they are not using FINRA regulated Market Makers.
Also link you sent is not an official link and it has nothing to do with our argument. Next!!!!
Sorry That You Don’t Like FINRA’s Rules!!!
Read it I am sure you can comprehend if you put little effort to it.
FORM 211 REQUIRED FOR OTCBB NOT OTCM PINK!!!
This is straight from FINRA.ORG. It says that private companies who are listed in OTCBB need to file for FORM 211 since OTCBB is a quotation service for FINRA Market Makers
GVSI will be traded in OTC Market Pink so it doesn’t need to file FORM 211 for Market Makers to give quotations as it was the case before it went to Expert Market.
Note: Other OTC Markets are OTCBB, Grey Markets.
Here are the links for your own DD:
This is from FINRA website:
Eligibility Requirements
What are the "listing" requirements for the OTCBB?
Because the OTCBB is a quotation service for FINRA Market Makers and is not an issuer listing service or securities market, there are no "listing" requirements that must be met by an OTCBB issuer. Accordingly, there are no financial requirements and there is no minimum bid price requirement. There are, however, eligibility requirements as well as other regulatory requirements relating to quotation activity and the display of quotations in OTCBB securities.
https://www.finra.org/filing-reporting/market-transparency-reporting/otcbb/faq
BECAUSE PEOPLE DID DD NOW SMART ABOUT $$$$
Why no one is selling because investors are now informed and did their DUE DILIGENCE
They are not falling for scared tactics anymore. They know this stock will be Pink Limited/Yield at least by 50 days or sooner. They know all the things BASH… try to say have been reasoned wrong.
1.They said this stock didn’t have an access to OTCM before applying for Form 10K through SEC but they failed to show a link that really happened. DEBUNKED
2. They said This stock will never be current but now everyone knows( There is a sticker about it)) that it will be current regardless. So why sell now when you can sell it for $0.08-$0.10 when current. Investors don’t mind waiting. DEBUNKED
3. They said Form 10K is not AUDITED (There is sticker shows full audited by Borgers Firm) DEBUNKED
4. They said GS is SCAM but failed to prove any tangible information or link talking about him being SCAM. DEBUNKED
WHAT happens to stocks when GS calls It SCAM!!
https://twitter.com/spordaoanlar/status/1445840144095920129?s=21
INSTEAD HE SPENT $100K FOR EACH TICKER!!!
Can You Kindly Provide A Link?
Since you want everything said here to be official. Thank you in advance
IF PUMP&DUMP STOCKS ARE UP AND RUNNING SO CAN GVSI!!!
HOLD ON TO YOUR SEAT THIS IS GETTING CURRENT LESS THAN 30 DAYS!!!
Don’t let them steal your shares guys. Check all the SEC filers and OTCM filers how many of them Pump & Dump already got reviewed and running as Pink Current. GVSI has Form 10k filed and look at other Form 10k from different companies. They are all similar so there is absolutely no reason SEC will deny the application. Most of those OTCM filer with 10Q reports are joke. Since they are Blank Check they literally have few numbers on their balance sheet.
Here is the EDGAR filing link where you can check it yourself:
https://www.sec.gov/cgi-bin/srch-edgar?text=10-12g&first=2021&last=2021
Here is the sec.report:
https://sec.report/Ticker/Ifan
IS THAT YOUR FINAL DECISION?
Great Logic: You want him to Tweet before the SEC filing is completed? Lol
How do you know he is not?
What is he supposed to do?
He already submitted the necessary paperwork to SEC and is waiting for the process.
Show Me He Needs More Than Form 10k To Become Pink Current!
Show me in order to be SEC Filer and Pink Current he needs more than Form 10K and prove with official sources/links. Not what he should do after the stock becomes Pink Current.
Are We Done With Why No 10Q Report/File Nonsense?
Do You Know The Difference between Form 10k vs 10Q!!!
Form 10k is an annual report which is much more detailed audited financial information vs the quarterly 10Q Unaudited financial reports. He has 40 days to file them once he is Pink current and it takes a click to submit it. Since the goal is to become Pink Current and SEC filer and all it takes is to file Form 10k he is concentrating on that. He will do that once he is down with this process. Form 10k is much more comprehensive and detailed, don’t make it sound like 10Q is so hard to complete. :)
Here you can read and educate yourself:
Form 10-Q
The federal securities laws require publicly reporting companies to disclose information on an ongoing basis. For example, domestic issuers must submit annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K for a number of specified events and must comply with a variety of other disclosure requirements.
The Form 10-Q includes unaudited financial statements and provides a continuing view of the company's financial position during the year. The report must be filed for each of the first three fiscal quarters of the company's fiscal year.
Following are the deadlines for companies to file Forms 10-K and 10-Q:
https://www.investor.gov/introduction-investing/investing-basics/glossary/form-10-q
FORM 10K FULLY AUDITED YOU CAN READ IT!!!
Here is Edgar Online database showing the Form 10k and scroll down to page 20.
https://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=15247367-935-116631&type=sect&TabIndex=2&companyid=54568&ppu=%252fdefault.aspx%253fsym%253dGVSI
This is what it says:
Report of Independent Registered Public Accounting Firm
To the shareholders and the board of directors of Good Vibrations Shoes, Inc.
Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Good Vibrations Shoes, Inc. (the “Company”) as of December 31, 2020 and 2019, the related statements of operations, stockholders’ equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.
Substantial Doubt about the Company’s Ability to Continue as a Going Concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 6 to the financial statements, the Company’s significant operating losses raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Basis for Opinion
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
We have a sticky about that you can read it:
SEC review doesn’t need to be finalized in order to get pink current on OTC Market
Here:
No matter what the SEC REVIEW comments are, a Form 10 filing becomes “AUTOMATICALLY EFFECTIVE” AFTER 60 days. In other words, it appears that GVSI will go PINK “no matter what”. And that is probably a MAIN REASON why this SEC FILER method was chosen. You cannot stop a Form 10 Filer from becoming EFFECTIVE and in turn, PINK.
However, a Form 10 filing CAN BECOME EFFECTIVE BEFORE the full 60 day period is over through the review process by the SEC staff.
The FORM 10 is already under REVIEW. If their are NO COMMENTS from the SEC Staff, the filer can request that the FORM 10 be deemed EFFECTIVE IMMEDIATELY.
“The Division assigns filings by companies in a particular industry to one of seven offices and conducts its primary review responsibilities through these offices, whose staff members have specialized industry, accounting and disclosure review expertise”.
Closing a Filing Review:
When a company has resolved all Division comments, if any, on a Securities Act registration statement, the company may request that the Commission DECLARE the registration statement EFFECTIVE so that it can proceed with the transaction. When taking that action, the Division, through authority delegated from the Commission, gives public notice on the SEC’s EDGAR system that the registration statement is EFFECTIVE. When a company has resolved all Division comments on an Exchange Act registration statement, a periodic or current report, or a preliminary proxy statement, the Division provides the company with a letter to CONFIRM that its review of the filing is COMPLETE”.
So for anyone who says it takes a FULL 60 days, that is incorrect. It can take LESS, and in this case, the FORM 10 is already under REVIEW. And it is very possible that it will become EFFECTIVE after that REVIEW PROCESS is completed, well before the automatic 60 day EFFECTIVE DATE.
Maybe the review is finalizing while it became Pink Current in OTC Market
GOOD NEWS FOR GVSI PINK OPENING AT $0.25 POSSIBLY!!
Ticker HYEG was in similar situation where it was waiting to get Pink Current during SEC review process. In Expert Market it was trading around 0.07 and on Sept Wednesday 29th it was Pink Current And it went up all the way $0.25. So GVSI becomes pink current it will fly away then we can sing the song of Frank Sinatra: Let’s fly away lets fly away with me :)
$GVSI Just showing everyone what will happen when GVSI went from "Expert Market" to "Pink Limited/Current" the very next day. We believe it will open at $0.2+ like $HYEG. We have already proven this when GVSI sent to $0.077 with IKBR only. Use your 🧠& don't lose your shares.🐘🐘 https://t.co/emp5z6iwOG
— Retro1UP | The Illuminati (@Retro1upArmy) October 1, 2021
They Are Allowing Trading!!!
OTC Market Group operates both Pink Open Market (Pink Limited/Current Stocks) and the Expert Market. Someone on Twitter was saying it will be tradable again. It is already trading in the Expert Market. He was I guess trying to say Market Makers might assist the stocks with quotations in the Expert Market and provide L2 rather than the only the brokers and professionals trading it.
I believe this info is nothing new though!!!
It says: OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting. See additional information about the Expert Market here.
I believe it had that info for Expert Market in the past too before The SEC’s amendments to Rule 15c2-11 got into effect on September 28, 2021. So it is being blown out of proportion.
IS THAT WHAT ALL THIS ABOUT?
Now everything makes sense why someone is but.hurt 24/7 on this board
FNRA denied previous company known as Inca Hemp!!
Previous management didn’t file any fins from 2008 to 2013 and then they tried to do the name change , reverse split as GS mentioned in his tweet back in 9/14/2021.. FNRA denied their application based on FNRA rule 6490 and Inca Hemp tried to appeal the decision with no success. This was hindering the initial application to SEC by GS and in order to get the Edgar access code this issue had to reviewed and approved by SEC.
GS mentioned in order to get Edgar Access code SEC had to review the initial application. It is not like EDGAR Access code is automatically being generated once you press on submit button.
This is from sec.gov site:
As a new user, you can generate EDGAR access codes—a password, password modification access code (PMAC), or CIK confirmation code (CCC)—when your initial application for EDGAR access has been accepted
So in order for Form 8k to be accepted by SEC the initial application to receive Edgar access code had to be reviewed and processed.
This is from investor.gov site:
The annual report on Form 10-K provides a comprehensive overview of the company's business and financial condition and includes audited financial statements.
And then we received a tweet again from GS on 10/01/21 and saying SEC called GS and let him know that Form 10 reviews are already underway. I know GS used well know firm to get their filing ready BF Borgers CPA PC (“BF Borgers”), a PCAOB licensed firm. I know on the template of Form 10 it says unaudited then in the filing it says it was audited by BF Borgers CPA. I would assume SEC would have asked that question to GS on the phone call instead of continue to go on reviewing application that hasn’t even been audited as that’s the first thing on the front page of the template :)
In order to get pink current does it have to be audited?
Do you have a link or any proof that financials are audited so that we can put the doubter to rest with their claims?
Actually that is not true clock doesn’t restart from the time amendments are made. It is with in the 60 days period.
What is the difference between requesting acceleration and accelerated filer?
So if he didn’t forget to check boxes on form 10 when he submitted on 28th deadline he would have still waited 60 days?
Don’t you think there is some kind of more PLAN here???
You are I am sure experienced trader here with 30k posts. So don’t you think he had more plans with that rookie mistake? He is a on the side make money from shorting type of guy calling out scam stocks and publicly announcing he did a put call on this stock and etc on Twitter. Yesterday he caused 46 millions of GVSI being sold. Don’t you think he loaded up some shares in his pocket since he knows this will be pick current in 57 days and he will cash out more besides his common 20 million shares he has. HE IS ALL ABOUT MONEY and I am not saying he is ethical or not but he plays the mr nice honest guy to make money by shorting stocks and even if it means his own tickers.
He got financials audited so he doesn’t need Attorney letters!!
He wanted to go SEC route like other experienced traders said here for possible R/M and going to NASDAQ. I think by the time financials were audited it was ready to be uploaded OTCM he didn’t have too much time in between. He forgot to check the boxes on form 10 which automatically caused 60 days delay to be pink current by the time amendments to correct the form were made?
So that doesn’t equate to him being DENIED!!!!!
I am open to both side of their point of view but based on GS saying he got accessed or not doesn’t mean he got denied. He should have been transparent let people know about it but that still doesn’t mean he got access denied. Thank you.
EXACTLY DO YOU HAVE PROOF HE GOT DENIED OTCIQ!!
I as a shareholder would like to know what is being transparent about my investment and what is not. But what I don’t like is some false information being spread around. So do you have any link or proof that GS got denied with OTC application that he went to SEC route? Not what you think what he should have done but actual news link and etc? Thank you