Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

And now we have the high probability of GVSI having up to eight lawsuits from shareholders whose shares Sharp wants to cancel.

Actual controversies have arisen and now exist between Plaintiff and Defendants

Since they "now exist," that means that some if not all of the shareholders whose shares Sharp wants to cancel have most likely come forward.



https://dictionary.law.com/Default.aspx?selected=2319

actual controversy

n. a true legal dispute which leads to a genuine lawsuit rather than merely a "cooked up" legal action filed to get a court to give the equivalent of an advisory opinion. Federal courts, including the U.S. Supreme Court, will only consider an "actual controversy", on appeal, since they will not give advisory (informal) opinions or make judgments on "friendly suits" filed to test the potential outcome.

Plus GVSI is not even SEC compliant which limits the quality of a merging candidate, if there even is one after all these delays - delays which most likely will continue with the recent actual controversies in court with the share cancelations.

No company will merge with GVSI if the shares are being contested.

WHAT A DISASTER!