Good Vibrations Shoes Inc (GVSI)

[Major Profits]

Great post!! And this (in case you haven't read it) from over two years ago:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163455957;

But Lanham wasn't able to get FINRA to approve the reverse split because FINRA found too many red flags in GVSI that Lanham was unable or unwilling to remedy.

Lanham and his fellow attorney Richard Cutler spent nearly a year appealing FINRA's decision, but FINRA wouldn't budge.

It's one of the main reasons that GVSI is probably too dirty for anybody to do much with in the future, making it a bad custodianship candidate.

The A/S will definitely have to be raised back up at the NV SOS at some point, if the ticker is to get active again.

And anybody thinking of taking over GVSI should serious consider that FINRA is highly unlikely to approve any future corporate action, including any name changes or future reverse split, making the shell basically DOA.

Uh oh, "DOA"?? Well, not so fast as this was later added:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163461219;

The best chance for GVSI would be to file a Form 10 and two years of audited financials to register it with the SEC, basically giving the shell a fresh start.

It's a very costly route. Which is why so few custodianship shells ever take it.

But even with that, if I remember correctly, it's been said that two years of audited financials will not give $GVSI a "fresh start".

So here we are. Still. The believers on one side and non-believers on the other with no way to know for sure.

George's not releasing details of the agreement might be a clue to how significant it is. I contend that it should have been made public if it was of importance going forward. Not releasing it is either a sign of it being trivial or of George playing games. I like to think that George would not play games. Then again, I like to think that chicken nuggets are healthier than they are.

So we wait.

And hope.

And continue arguing ad nauseam.

GLTA