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Sunday, May 07, 2023 8:41:49 AM
From twitter “$gvsi anyone seen the proof of publication? with all the detectives we have in the fintwit community we should have already had an image that someone would have shared...unfortunately I think the 4 weeks of publications have not started yet...please show me i'm wrong????
Sharp will drag everything concerning GVSI out as much as possible.
Sharp has already been dragging the SEC/FINRA administrative proceeding by not addressing the SEC/FINRA demands of audited financials eight times now and counting.
https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml
If the GVSI administrative proceeding and it's restriction on GVSI's corporate actions would become documented and published by Sharp it would have a detrimental result on WNFT, SRNW and Sharp's reputation as well.
That's why it has never been mentioned in any tweet, GVSI disclosure or financial statement.
Sharp is dragging all this out so as not to harm his other two SEC registered and reporting viable shells. GVSI is not SEC registered, is not SEC reporting and is not a viable shell because of the SEC/FINRA restriction on its corporate actions in its administrative proceeding.
https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml
https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of the Application of
GOOD VIBRATION SHOES, INC.
APPLICATION FOR REVIEW AND NOTICE OF APPEARANCE
For Review of Action Taken by FINRA
Inca Hemp, Inc. (formerly Good Vibration Shoes, Inc.) (the "Company), by its attorneys Cutler Law Group, P.C., hereby submits the instant Application for review of 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. The Company filed an appeal of the Notice of Deficiency to a subcommittee of FINRA's Uniform Practices Code Committee (Case No. CAS-55435-H3X0J3). The subcommittee affirmed the action of FINRA and denied the appeal on August 16, 2019. Accordingly the Company appeals the denial of the Corporate Actions. The Company hereby applies to the commission for review of FINRA's decision. The Company argues that FINRA has misapplied its discretion under Rule 6490 and acted in a reckless, arbitrary and capricious manner by declining the 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.
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 and restriction or mentioned it in any tweet, disclosure or financial statement.
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
On March 20, 2019 (18 months ago), Applicant, Allied Corp. (previously Good Vibration Shoes, Inc.) ("GVSI"), submitted an application to FINRA to complete a name change, obtain a new symbol, and conduct a reverse stock exchange pursuant to a merger, pursuant to FINRA Rule 6490. After months and months of delays, FINRA determined the application was deficient on June 21, 2019. Applicant filed an appeal to the Uniform Practice Committee of FINRA (the “Committee”) on June 27, 2019. On August 16, 2019...the Committee affirmed FINRA’s determination.
The Company’s many shareholders have essentially all lost their investment in the Company.
![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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