Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

First, GVSI is no longer delinquent in their reporting.

That is a lie. GVSI is still SEC delinquent because it is missing six years of audited financial statements from 2008 - 2013.

Those six years of missing audited financials are from **BEFORE** GVSI filed its Form 15 in 2013 - so GVSI is on the hook for those six years of audited financials from 2008 - 2013 and Sharp already said he ABANDONED getting GVSI audited and SEC registered and reporting.

GVSI is no longer delinquent in their reporting.

That's another lie. GVSI is delinquent in filing audited financials from 2008 - 2013.

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 prior to filing a Form 15

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

The DOP made no finding that the documentation GVSI submitted was in any way deficient. See Certified Record Tab 18 FINRA Deficiency Notice dated June 25, 2019. Yet on June 25, 2019, DOP refused GVSI’s application by providing GVSI with a deficiency notice. (Id.) In refusing to grant GVSI’s application, DOP stated its denial was based on a finding that GVSI had not completed certain periodic filings prior to filing its Form 15 on July 10, 2013[/b[

GVSI is not in violation of FINRA rule 6490. The REQUEST for a reverse split, name and ticker change by previous management in 2019 (or when ever) was a violation of rule 6490.

FINRA Rule 6490 applies to all stocks regardless of a change in control/management. GVSI is in violation of FINRA Rule 6490 because the unfiled audited financials are still missing - and they went missing **BEFORE** GVSI filed its Form 15 - so it's on the hook for those missing financials. It's that simple.

HOW FINRA RULE 6490 lMPACTS REVERSE MERGERS

https://www.hg.org/legal-articles/how-finra-rule-6490-lmpacts-reverse-mergers-30567

The reasons for the rejection from FINRA included GVSI not being OTC current at the time of the request.

That's another lie. GVSI is still in violation of FINRA Rule 6490 because of the missing financial statements.

GVSI is current with OTC markets and is not requesting a reverse split.

More misdirection. GVSI is not current with the SEC which supersedes anything being current with OTC Markets. And has nothing to do with the reverse split you are singling out - all of GVSI's corporate actions have been denied since the financials went missing, FINRA issued its Notice of Deficiency to GVSI and GVSI had to withdraw its Form 10 SEC registration that Sharp said he would re-file two Decembers ago but never did.

A simple name change and ticker symbol change is on track since Sharp has cleaned up GVSI.

GVSI is NOT a "clean" shell because of the six years of missing audited financials not being filed with the SEC.

.https://bradshawlawgroup.com/reverse-mergers-a-basic-primer/

Conducting effective due diligence on the shell company is essential, as merging with a “dirty” shell (i.e., a shell whose management failed to follow proper SEC reporting procedures) could prove fatal for the private company.[13] In searching for “clean” shells, private companies should consider the shell’s number of stockholders, reporting record, and how and where it is listed.[14]

No audited financials means no reverse merger for GVSI and Sharp already said he abandoned getting GVSI audited, SEC registered and reporting and there are SIX YEARS of missing GVSI financial reports.

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

Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days

— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022