Replies to post #111466 on Good Vibrations Shoes Inc (GVSI)

[Peter Penny]

He does. This thing needs work. Y’all have waited 2 years what’s another 6 months

[delerious1]

yr missing some info. suggest you read back a bit to see the Lawyer letter and the share cancellation tweet..in other words you are not up to date

[Yolo]

Yeah, I'm no expert either. But including the year end numbers for 2021 is not the same as filing the 2021 Annual Report.

You'd think OTCM would have identified the issue and informed him already, or that the lawyer drafting the attorney letter would have. So I'm surprised it hasn't been addressed already. But I don't see how filing just the 2022 Annual Report satisfies the disclosure requirements that need financials for two fiscal years.

[Yolo]

Im no expert in otc filings by no means but he did include the 2021 numbers in the 2022 filings so that may be considered to be 2yrs of filing for otcm. But im not sure on that i got time if he has to go back and file 2021 as well individually

I tried to look into it more...

Companies will be processed for Current Information once all required documentation has been publicly disclosed:

- Financial Statements: Two most recent Annual reports and any subsequent Quarterly Report

- Disclosure Statement: Most recent Annual and any subsequent Quarterly Reports

- Attorney Letter covering all relevant information for non-audited companies

- The company verifies its Company Profile through OTCIQ. This includes a complete list of officers, directors, and control persons; service providers; outstanding shares; a business description and contact information.

https://www.otcmarkets.com/corporate-services/information-for-pink-companies

I'm pretty sure an Annual Report is a specific document with certain requirements, not jsut the financial information itself. So GVSI may need to file the 2021 Annual Report in order to get pink current.

I can't decide whether this is just another mistake or if Sharp wants to control exactly when it goes pink current. If the latter, it doesn't make sense that he filed the attorney letter already because I think he'll have to file it again after the 2021 Annual Report is filed. But it also doesn't make sense that he forgot to make or file the 2021 Annual Report, because it is trivial to create at this point.