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Thursday, May 04, 2023 7:39:18 AM
Rather than comply with FINRA rules
Thats the problem right there. GVSI MUST comply with FINRA rules in order to desmiss the current and open administrative proceeding and restriction on corporate actions such as a reverse merger.
Plus isolating a few paragraphs without using an actual verfiable link to the whole document gives no context to those paragraphs - a practice that is done often by a few here.
Public companies can't just magically dismiss FINRA and SEC regulations no matter what they or their lawyers say. And dismissing the appeal didn't dismiss the SEC administrative proceeding which is still open with the most recent entry date being April 10, 2023. GVSI MUST comply with FINRA and SEC regulations and demands (such as what is being demanded in GVSI's current and open SEC administrative proceeding and restriction on its corporate actions such as a reverse merger) and GVSI is in violation of SEC/FINRA Rules and demands - specifically audited financials from 2008 through 2013 and FINRA Rule 6490.
And since Sharp has already said he can't audit GVSI's books GVSI can't supply the two years of audited financials to become SEC current to dismiss the current and open SEC administrative proceeding and restriction on corporate actions such as a reverse merger.
Because Sharp keeps kicking the can down the road (eight times now) by most likely blowing smoke to the SEC/FINRA and its demands, the SEC will probably revoke GVSI soon.
https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml
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The plethora of partial name changes by previous management and its inept counsel didn't help $GVSI either and all that had to be unwound and mapped out. https://t.co/xk3RKcKZ8d
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023
Obviously it was not "unwound and mapped out" well enough to audit GVSI's financials and get GVSI registered with the SEC to comply with its demands. GVSI had to withdraw its Form 10 because Sharp already said he can't audit GVSI 's books.
https://www.sec.gov/Archives/edgar/data/1068618/000149315221029704/formrw.htm
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.
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
There are very good reasons (mentioned above and in my previous post) why GVSI is SEC delinquent and under a penny (and will continue to decline) like I said it would for about a year now with accumulation continuing to decline as well.
![Bearish](/static/images/ih2-bear.png)
GVSI is under SEC investigation, has an open SEC administrative case and restriction on corporate actions in place because of failure to submit SEC requested audited financial reports - https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml
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