Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

GVSI failed to get registered with the SEC since it had to withdraw its Form 10 registration statement...

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.

The Form 10 registration was never refiled even though Sharp said he would.

...and Sharp said he couldn't audit GVSI's financials.

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

The SEC had already put a restriction on corporate actions such as a reverse merger in its investigation and current and open administrative proceeding against GVSI which is specifically requiring audited financials from 2008 through 2013.

The SEC investigation, adminstrative proceeding and restriction on corporate actions is the writing on the wall for GVSI.

https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml



Revocation or delisting is highly likely since Sharp keeps ignoring the SEC investigation and administrative proceeding for about two years now and he has already said he can't produce what the SEC is specifically asking for - audited GVSI financials from 2008 - 2013.

https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml

The fact that Sharp has already said that he can't audit GVSI's financials, which is precisely what the SEC is requiring means GVSI most likely will be revoked, delisted, suspended or go back to expert market.

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

FINRA has already affirmed GVSI's deficiency determination and the SEC has placed a restriction on corporate actions such as a reverse merger.

https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf

In sum, given the reasons set forth by the FINRA and the DOP in their determinations...the Commission's enforcement of FINRA's denial would effectively terminate the ability of GVSI to operate its business...

FINRA's deficiency determination and the Commission's affirmation of FINRA's deficiency determination would have the collateral consequence of preventing GVSI from ever conducting future corporate actions.

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

The Company’s many shareholders have essentially all lost their investment in the Company.

And Sharp has never let the SEC administrative proceeding and the SEC restriction on GVSI's corporate actions such as a reverse merger be known in any tweet, disclosure or financial statement

Sharp has had two years to address this huge problem but won't or can't. He just keeps kicking the can down the road with eight extensions (and counting) to drag this out as long as possible so as not to hurt his two other SEC registered viable shells by most likely blowing smoke at the SEC like he has blown smoke in the past to shareholders i.e. like getting GVSI SEC registered and reporting, the WNFT "business plan over the next several weeks which will include an acquisition(s)." that never materialized last year when he said it would and not reverse splitting GRDO.

There will be no reverse split, dilution or toxic debt taken on so long as I am involved with $GRDO. Update filings will reflect a zero balance sheet. PRs are forthcoming.

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) October 5, 2018

I regret giving the impression that $GRDO would not r/s, but unfortunately, it was the only way to get things done. Why would the shareholders want as much as 800 million shares in dead certificates? The only purpose that serves is to make it more expensive to raise money.

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) August 9, 2019

I will never be involved with a company that wipes out the shareholders through a reverse split. $FORW $TSNP

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) November 2, 2020

Notice that Sharp again said that he would never reverse split any of his stocks when he had already reverse split GRDO. Is that being honest?

The mandatory settlement conference did not yield an agreement with Calasse, however we anticipate that $WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s). This statement should not be construed as a guarantee for success.

— Worldwide NFT (@WorldwideNFTInc) August 19, 2022

The name change is the promised land and we are now ready to entertain mergers.

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) July 8, 2022

All blowing smoke.

Anyway you look at it, GVSI has the odds stacked highly against it coming out successfully from its SEC/FINRA investigation and administrative proceeding:

https://www.corporatedefensedisputes.com/2016/08/who-wins-in-sec-administrative-proceedings/

According to analysis conducted by the Wall Street Journal, the SEC had a 90% win rate in contested cases it brought before its ALJs from October 2010 through March 2015

Our analysis of ALJ opinions from October 2014 through the present reveals the SEC had only an 81% win rate in contested ALJ matters, while it prevailed in 91% of federal court trials over the same period.

Since October 2014, the SEC’s ALJs have issued 31 opinions on contested matters, and by our count the Enforcement Division has 24 outright wins, 3 losses and 4 mixed verdicts.

  

Notice I'm providing verifiable links to SEC documents from the current and open SEC investigation and administrative proceeding against GVSI, a very credible financial and coporate attorney law firm's website and Sharp's own tweets.

Sharp supporters only offer empty statements with no references, when refernces are supplied they are misdirection to unrelated information. Nothing they post directly addresses these major and existential problems GVSI has.