Good Vibrations Shoes Inc (GVSI)

[MrSmith18]

GVSI holders are about to get their chains yanked. GS can't raise the $6m he committed to because the pps has dropped by too much. When he announced the non-binding LOI, the pps was between $0.02 and $0.024. Now its over 70% less and dropping. His only alternative is to issue a 'kick the can' tweet for an extension. Even with an extension, the prospects look grim.

I'm expecting the pps to drop hard on March 15 or 16 and remain within $0.002 and $0.003 for a few months, if not longer. If GS can manage a meaningful redistribution of shares, then he'll be able to revisit his LOI deal. Nothing meaningful can happen until then...

JMHO