Good Vibrations Shoes Inc (GVSI)

[Major Profits]

"Serious question who sold massive amounts of shares today and why?"

I'll take a shot at this.

Shareholders who saw the light.

For close to THREE YEARS we've been reading how many experienced "longs" were "holding for the merger" so many were HOLDING AND HOPING for a great one and, recently, $GVSI was the closest to getting one (or an acquisition) as per the PR of Feb. 6 (which was under-whelming to many).

https://www.otcmarkets.com/stock/GVSI/news/American-Blockchain-Corporation-to-Raise-15-million?id=429654

That is, $GVSI was the closest of the three "Trifecta" ("REDecta" to some) tickers (those being $GVSI, $WNFT and $SRNW) to reaching Step #7 in "the process":

George Sharp
@GeorgeASharp
...The process
7) Bring asset into deal
DO NOT ask me how long this all takes. It takes as long as it takes.
6:31 AM · Jun 15, 2021·Twitter Web App

It turned out to be a bust.

George Sharp - Advocate for truth in the OTC
@GeorgeASharp
On February 6, 2024, $GVSI announced that it had enter into a non-binding Term Sheet for the acquisition of a privately owned Blockchain enterprise. This evening, that company informed $GVSI by email, that it was terminating the merger effort as neither they nor the funding company wished to be involved in the "culture of chaos that is common in the OTC market". Specifically, the blockchain company cited the "lack of appreciation by supposed shareholders who currently own nothing as will [sic] as disdain towards management, as seen on social media." The email also states that, "We do not wish to be subject to nor influenced by public holiganism [sic]."
$GVSI notes that the owners of the blockchain company are foreign-born Americans and of a culture more tempered than that of western countries.
$GVSI management will continue to seek the acquisition of an asset, but given the previously discussed issues with FINRA, it does not expect to be successful before mid-2025.
4:00 PM · Mar 14, 2024

So that, along with nothing happening now until, perhaps, mid-2025, down this went today along with the other two tickers in the "Trifecta/REDfecta". Guess not many trusting GS to come through with them tickers either. But we'll see.

Just my take on this.

GLTY

$GVSI 2021-2024