Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

This reference which is highlighted in orange and is often posted to explain why the administrative proceeding will be taken care of and dismissed is moot and simply another example of misdirection...

Current management will be withdrawing the appeal filed by former management with the SEC of FINRA's denial of the name change.

This has already been directly addressed in the SEC documentation.

The reason the appeal will be withdrawn is because the appeal for the name change has already been denied by FINRA (not because the withdrawl of the appeal will dismiss the administrative proceeding or lift the SEC restriction on GVSI's corporate actions):

https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf

FINRA's denial under Rule 6490 of the Company's requested corporate actions of a change of corporate name, symbol request and a reverse stock exchange pursuant to a merger on a one for twenty-thousand (I :20,000) basis (the "Corporate Actions").

FINRA initially declined to process the Company's Corporate Actions on June 21, 2019 by delivering a Notice of Deficiency Pursuant to FINRA Rule 6490.

...this proves that there is a current SEC restriction on GVSI's corporate actions.

Plus the screenshot with the orange highlight has a date of July 9, 2019 which is before the SEC delinquency determination and the imposition of the SEC restriction on corporate actions on August 16, 2019. Plus the most current entry date of the SEC case against GVSI is Jan 9, 2023.



Only the SEC has the authority to dismiss the administrative proceeding and lift the restriction and the SEC is asking for six years of audited financials from 2008 - 2013. The case cannot simply be dismissed by Sharp withdrawing the appeal of the name change as is falsely claimed by Sharp supporters. He does not have the authority to do that. Sharp has already said he wasn't able to audit GVSI's financials and that is what is being specifically requested by FINRA. It's the equivalent of saying that a person can withdraw their taxes so they don't get audited which is rediculous.

https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf

FINRA also acknowledges that the denial is based solely on failure to file periodic reports from 2008 to 2013

I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023

Sharp has never addressed the SEC administrative proceeding or mentioned it in any tweet, disclosure or financial statement.

And saying that "the FINRA legal proceeding is being addressed" does not address the fact that FINRA/SEC has already denied and affirmed the denial of a corporate action already - the name change request and reverse stock split - because FINRA has specifically requested audited financials from GVSI which Sharp has already said he cannot supply.