Good Vibrations Shoes Inc (GVSI)

[MarketCap]

No. Shells get an 18 month extension from the time of their initial quotation. Meaning a new company that gets quoted, begins trading and is considered a shell has 18 months to no longer be a shell. That does not apply here as GVSI has been quoted and its initial bid offer quotation began in 1998.

", the Commission is permitting broker-dealers to rely on the piggyback exception to quote the security of a shell company for the 18 months
following the initial priced bid or offer quotation for an issuer’s security that is published or submitted in an IDQS."

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https://www.sec.gov/rules/final/2020/33-10842.pdf