Good Vibrations Shoes Inc (GVSI)

[Yolo]

GS has seen the issuing docs and evidently feels his attorneys can defend the position that shares were issued improperly or even fraudulently. I personally think he wouldn't have spent a penny on this filing unless he was highly certain he would win, and that is just common sense.

Careful now, I think you've made some assumptions.

I think GS wouldn't have filed this unless he was confident he would win, yes. That is why it only targeted 294M shares and not more, as he likely declined to include other shareholders that might contest.

Also, it is interesting that he tweeted that he now owns the pesky preferred share previously owned by one of the defendants. If he purchased it from him, I'm not sure why he didn't purchase the 240M shares as well. But my guess is GS doesn't expect him to contest the cancellation, so regardless of the other 7 defendants, the bulk of the cancellation (240 is 82% of the total) should proceed smoothly.

But I take issue with this statement:

feels his attorneys can defend the position that shares were issued improperly or even fraudulently.

The complaint gave no evidence whatsoever that they were issued fraudulently. He may not even have evidence that they were issued improperly. But he may still be confident he will win because he thinks that the defendants won't contest or force him to provide evidence that they were issued improperly.