Saturday, April 08, 2023 9:34:58 AM
Look at all the problems GVSI currently has and all the unrealized speculation over the last year and a half.
Many Sharp fans have already had a rude awakening from the overestimated speculation concerning pink current. Especially looking at the last year and a half, with a whole year in expert market and GVSI's recent sell off after pink current as an example.
There have been many (in what seems like intentional) court, OTC Market and financial filing mistakes and delays made by Sharp which have hindered GVSI in every step. Then there was the epic failure at submitting the Form 10 and having to withdraw it which resulted in GVSI to not be a registered SEC stock. A dismal fate for GVSI that still stands.
Sharp even said he's only continuing with GVSI because he finishes what he starts - especially since he's primarily referring to not being able to get GVSI to become a registered SEC stock. What a glowing review...full of regret...and in retrospect he would never had done it. Seems like even Sharp thinks GVSI is a disaster.
https://twitter.com/GeorgeASharp/status/1622942829440913408?t=MCICXRmJvlFPeu4mNjLhDg&s=19
https://twitter.com/GeorgeASharp/status/1622941929762615296?t=YyootGP2DECFQsDkE0F6DA&s=19
It was said (ad nauseam) that GVSI was going to get a multi-billion dollar merger last year. It never did.
It was said (ad nauseam) that GVSI's price was going multi-dollars last year. It never did.
It was said (ad nauseam) that GVSI was going to be a registered SEC reporting stock last year. It never did get SEC registration and is still not an SEC registered stock. Sharp had to admit that even after having two accounting firms looking into it and having discussions with the SEC, Sharp had to give up trying to get the financials audited and had to abandon getting GVSI SEC registered. GVSI still is not SEC registered.
It was said that GVSI was going to .10+ on pink current with people scrambing to buy shares on that day. It never did and people actually scambled to dump shares which resulted in a massive GVSI sell off on pink current, contradicting what was said by many here...and GVSI's price continues to plummet.
SEC GVSI Administrative Proceeding File No. 3-19407 which is current and open restricting corporate actions such as mergers:
All documents in the administrative proceeding concern and refer to Good Vibrations Shoes, Inc. (GVSI).
https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml
This is an open and current SEC administrative proceeding against GVSI with a restriction on corporate actions such as mergers because the SEC is looking into GVSI's delinquent audited financial filings.
The SEC is specifically asking for something Sharp has already said he can't provide - audited financials - specifically from 2008 through 2013.
https://twitter.com/GeorgeASharp/status/1622942219853234176?t=JLmY1FhI3Em2kABxtlQ7Fg&s=19
The SEC administrative proceeding and decision to restrict GVSI's corporate actions is the reason the SEC Rule15c2-11 warning is on OTC Markets' GVSI profile page and won't be taken off until the SEC restriction is lifted:
https://www.otcmarkets.com/stock/GVSI/overview
Especially since OTC Markets verified GVSI's profile on January 2023 and updated it to Pink Current on February 2023 but didn't take the Rule15c2-11 warning off its profile.
Plus the share cancelation filed in court by George has a high probability of GVSI being mired in court for months and months if the actual controversies aren't resolved in Sharp's share cancelation court case.
https://dictionary.law.com/Default.aspx?selected=2319
Failed share cancelations
Four out of the eight defendants in Sharp's share cancelation lawsuit had their attempt at canceling their shares dismissed by Sharp.
This outcome is worse than having lawsuits. Sharp flat out LOST and had to drop his case for these four defendants and their shares were NOT CANCELLED!
Sharp dismissed his complaint/lawsuit against these four defendants, that means Sharp LOST HIS CLAIM and his right to cancel those shares. They obviously showed legal proof that they own the shares so Sharp had no choice but to drop the claim for these four defendants. Sharp didn't even respond. He LOST these four share cancelations outright.
Plus GVSI is not even a registered SEC stock which severely limits the quality of a merging candidate, if there even is one after all these blunders, rejections and delays.
An approved SEC Form 10 for GVSI doesn't exist. The GVSI registration statememt Form 10 that Sharp withdrew and is mentioned below was NEVER refiled like Sharp said he would two Decembers ago.
https://twitter.com/OTCpinkGVSI/status/1463252163287785477?t=PM6k45kE5QeD15NdFlQjcQ&s=19
https://www.sec.gov/Archives/edgar/data/1068618/000149315221029704/formrw.htm
1701 Pennsylvania Avenue, N.W.
Suite 200
Washington, D.C. 20006
Direct: 844-285-4263 ext. 758
Cell: (301) 910-2030
estern@culhanemeadows.com
Ernest M. Stern
Partner
November 23, 2021
Via EDGAR
Daniel Crawford
Suzanne Hayes
Division of Corporation Finance
Office of Life Sciences
Securities and Exchange Commission
Washington, D.C. 20548
Re: Good Vibrations Shoes, Inc.
Amendment No. 1 to Form 10
Filed September 28, 2021
File No. 000-29780
Dear Mr. Crawford and Ms. Hayes:
Please be advised that Good Vibrations Shoes, Inc. (the “Company”) hereby respectfully requests withdrawal of the above-mentioned Registration Statement pursuant to Rule 477 of Regulation C promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended. The Registration Statement was originally filed on September 27, 2021.
The Company is in the process of revising its registration statement and accompanying financial statements to adequately address certain comments received by the Company from the SEC. Accordingly, the Company respectfully requests that the SEC consent to the withdrawal of the Company’s registration statement on Form 10 as soon as practibalbe. The Company also respectfully requests that all filing fees submitted to the SEC in connection with the filing of the Registration Statement be applied to any future filing of the Company on Form 10.
Please contact this office with any additional questions in this regard.
Very truly yours.
CULHANE MEADOWS PLLC
/s/ Ernest M. Stern
Ernest M. Stern, Partner
###
No high value reputable company will merge with GVSI if the shares might be contested, if GVSI is not a registered SEC stock, has a bloated share structure of 7 billion and 2.4 billion OS and most importantly, if there is a current SEC/FINRA administrative proceeding and restriction on GVSI corporate actions.
GVSI continues to be a disaster.
And for those who say that George Sharp NEVER reverse splits his tickers, we have Sharp yet again NOT keeping his word (to go along with saying he would make GVSI an SEC registered stock among other things):
https://twitter.com/GeorgeASharp/status/1048291978809565184?t=1Xw8qqwn6oFcwfwaJ13aow&s=19
https://twitter.com/GeorgeASharp/status/1159930847811608576?t=kd8ExOFleizU7wc_Uv_Tzw&s=19
https://twitter.com/GeorgeASharp/status/1323292563416084480?t=tqoxkTCYCQ3aFYijtuWzLg&s=19
Mind you that Sharp again said in the above tweet that he would NEVER reverse split one of his stocks AFTER he did just that for GRDO - is that being honest?
GVSI's bloated share structure makes it another prime candidate for a reverse split if Sharp ever gets the SEC restriction lifted which is highly unlikely, no matter what many Sharp supporters repeatedly say about Goerge Sharp never reverse splitting his stocks.
The information I post can be verified by links, SEC documents, court documents and Sharp's own tweets.
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