Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

Sharp has basically said that getting the SEC/FINRA to approve any corporate actions approved is "UNWINNABLE."

And Sharp didn't say what the "agreement" was but it definitely is not in GVSI's favor.

And if Sharp said there was an "agreement" with the SEC, then why hasn't GVSI's corporate actions been approved after months and months when it usually takes only 3 - 4 weeks?

For those wondering why $GVSI didn't file this sooner, counsel had quite a battle getting answers from FINRA and the SEC on how to end this unwinnable battle which was begun by previous management. We finally reached an agreement with the SEC.
https://t.co/KRN4h0hthw

— American Blockchain Corporation (@OTCpinkGVSI) June 4, 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

Recently GVSI withdrew its appeal of the SEC restriction on its corporate actions so the original restriction on GVSI's corporate actions such as a corporate name change, ticker symbol change and reverse merger remain in place because of GVSI's FINRA Notice of Deficiency, its six years of missing audited financials and its continued violation of FINRA Rule 6490. Plus GVSI is still SEC delinquent, not SEC registered, not SEC reporting, in violation of FINRA Rule 6490 and still has six years of missing audited financials from 2008 - 2013 **before** it filed its Form 15.

Sharp has already stated that he was unable to get the financials audited.

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

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

And now we have this from the most recent GVSI quarterly report:

https://www.otcmarkets.com/otcapi/company/financial-report/378041/content

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

NONE

No merger to speak about - at all. Could GVSI's FINRA Rule 6490 violation and FINRA's Notice of Deficiency have something to do with this?

Plus no serious company would want to do a reverse merger with a company that is not SEC registered and reporting with six years of missing financials and a bloated share structure of 7 billion AS and 2.4 billion OS.

We have incurred nominal operations since custodianship and will actively search for suitable merger candidates to assist in the sustaining of operations. The Company is being funded solely by its CEO as of June 30, 2023, and has been since the custodianship was effective.

So not only is there no merger candidate, the search for one hasn't even started and Sharp never fixed the six years of missing audited financials from 2008 - 2013 before re-applying for name/ticker change corporate actions again (not to mention not even applying for a merger corporate action). Since he didn't fix the problem, GVSI's corporate actions will be denied again.