Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

FINRA has already made a determination, the decision was affirmed and the SEC is enforcing a restriction on corporate actions such as reverse mergers.

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

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

FINRA has effectively terminated the life cycle of this corporate entity. Therefore, the Commission's enforcement of the instant deficiency determination would amount to a death sentence for GVSI

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

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.

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

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

During the SEC review it was discovered that the designation of a class of pref shares issued by $GVSI's previous management is missing. On the SEC's advice, management has decided to withdraw the Form 10 and refile in December so that corrections can be made with the Nevada SOS. https://t.co/MhVwRI4NW1

— American Blockchain Corporation (@OTCpinkGVSI) November 23, 2021

Sharp never refiled GVSI's Form 10 like he said he would two Decembers ago. Hence this tweet saying that after a year of having two accounting firms trying to audit the books and several discussions with the SEC, he wasn't able to audit GVSI's financials - audited financials that the SEC is requiring to dismiss the administrative proceeding and lift the restriction on GVSI's corporate actions such as a reverse merger.

GVSI will most likely get suspended, revoked or go back to expert market again soon.

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