Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

There is an SEC/FINRA restriction on GVSI's corporate actions and a FINRA Notice of Deficiency issued to GVSI that can't be fixed because Sharp already said he can't audit GVSI's financials. So GVSI won't be able to recover from the steep decline in price and accumulation from the last year.

GVSI failed to get registered with the SEC since it had to withdraw its Form 10 registration statement...

https://www.sec.gov/Archives/edgar/data/1068618/000149315221029704/formrw.htm

Please be advised that Good Vibrations Shoes, Inc. (the “Company”) hereby respectfully requests withdrawal of the above-mentioned Registration Statement pursuant to Rule 477 of Regulation C promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended. The Registration Statement was originally filed on September 27, 2021.

The Form 10 registration was never refiled like Sharp said he would two Decembers ago.

...and Sharp said he couldn't audit GVSI's financials.

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

The SEC has already put a restriction on GVSI's corporate actions such as a reverse merger because of its missing audited financials from 2008 through 2013. Audited financials that Sharp has already said he can't produce.

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

FINRA has already affirmed GVSI's deficiency determination and the SEC has placed a restriction on corporate actions such as a reverse merger.

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

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

Sharp's GVSI merger posts...

Now that $GVSI is current, we can move forward with discussions with our target merger candidate, whom we will not identify until/if there is an agreement. $GVSI has no way to know how long this may take or even if an agreement will come to fruition.

— American Blockchain Corporation (@OTCpinkGVSI) February 7, 2023

$GVSI is otherwise prepared for a reverse merger, having identified two potential candidates and anticipates that such a merger could perhaps be completed in early 2024.

— American Blockchain Corporation (@OTCpinkGVSI) November 28, 2023

...should be believed as about as much as his tweet saying he would get GVSI SEC registered and reporting, that he would refile GVSI's SEC Form 10 registration statement and never did, saying that WNFT had reached the "promised land" and would have a "business plan over the next several weeks which will include an acquisition(s)." that never materialized in September of last year when he said it would and when he said he would not reverse split GRDO then did just that.

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

The name change is the promised land and we are now ready to entertain mergers.

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) July 8, 2022

The mandatory settlement conference did not yield an agreement with Calasse, however we anticipate that $WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s). This statement should not be construed as a guarantee for success.

— Worldwide NFT (@WorldwideNFTInc) August 19, 2022

There will be no reverse split, dilution or toxic debt taken on so long as I am involved with $GRDO. Update filings will reflect a zero balance sheet. PRs are forthcoming.

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) October 5, 2018

I regret giving the impression that $GRDO would not r/s, but unfortunately, it was the only way to get things done. Why would the shareholders want as much as 800 million shares in dead certificates? The only purpose that serves is to make it more expensive to raise money.

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) August 9, 2019

I will never be involved with a company that wipes out the shareholders through a reverse split. $FORW $TSNP

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) November 2, 2020

Notice that Sharp again said that he would never reverse split any of his stocks when he had already reverse split GRDO. Is that being honest?

Heck, the most recent quarterly report, which is a signed and legally binding document, says there is no merger anticipated and that the search hasn't even started yet - no matter what he might post on GVSI's X account (which is not legally binding).

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

We have incurred nominal operations since custodianship and will actively search for suitable merger candidates to assist in the sustaining of operations.

"will actively search"...future tense.

It seems there's no merger candidate to speak of.

So even the search hasn't begun.

And there is no anticipated merger.

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

And now FINRA is "concerned" about the six years of missing audited financials ftom 2008 - 2013 that violate FINRA Rule 6490 and most likely will deny any corporate actions again since it denied them before and Sharp has done nothing to fix the problem since the missing financials are still missing.

$GVSI has finally received comments from FINRA who is concerned with acts by previous management, particularly, missing financials from that period. Management continues to cooperate with FINRA at its own expense in order to achieve the name & symbol changes.

— American Blockchain Corporation (@OTCpinkGVSI) November 28, 2023

Two years of pumpers' posts down the drain.

So the above shows there isn't a merger candidate or a merger even anticipated and FINRA has serious concerns about the missing audited financials. But then again, what serious company would merge into such a bloated, problem-plagued shell?

FINRA's "concerns" about the missing financials are the writing on the wall for GVSI.