Good Vibrations Shoes Inc (GVSI)

[MrSmith18]

Read GS's tweets! It's all there. He's issued a non-binding LOI for a best-efforts raise of $15m. $9m have been committed contingent upon GS raising $6m. GS planned on selling 250m shares of GVSI for $0.02 (keeping 50m for himself). The total 300m shares came from his 300,000 preferred shares (1:1000).

Now that the price is in tripps, there's no way he'll be able to raise his end of the bargain by March 15. So, what do you think he's going to do? Yup, kick the can down for another 30 or 60 days.

The sale of 300m shares were to be locked up until 2025. It was GS's way of addressing the bloated OS with issuing an RS.

...but 300m shares is only 1/7th of the bloated float. He needs to lock up a lot more and can do so by letting the pps drop to between $0.002 - $0.003 for a few months.