Good Vibrations Shoes Inc (GVSI)

[Yolo]

Public companies not providing information to the public may upgrade to the OTC Pink Current tier by providing annual reports for the last two fiscal years

Originally, I thought the 2022 Annual Report covered from December 31, 2020 to December 31, 2022, so it included the financial information required for the last two fiscal years, albeit in a single report. Thus, I thought GVSI could simply retitle it "2021 Annual Report" and resubmit it to speed up the process.

However, I just checked the 2022 Annual Report and it doesn't include the 2021 information required. While it includes the balance sheet for December 31, 2021, that is required for the 2022 Annual Report... the 2021 Annual Report would also need the balance sheet for December 31, 2020 to compare to, I believe. What's weird is the "December 31, 2020" financial information was included in the Form 10 filed over a year ago, so they have everything they need, yet they didn't file it properly.


Based on this, I don't think GVSI will go pink current with the current filings, they need to submit a 2021 Annual Report with 2020-2021 financial information. Do you agree?

Surely, George Sharp knows this. Why wasn't it submitted already?

More importantly, the attorney letter claims that the filings satisfy the Rule 144(c)(2) and OTCM requirements for current information, yet both require financial information for the two preceding fiscal years. Am I missing something or did they screw up?