Replies to post #127227 on Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

All those things are in the past.

This major GVSI problem that seems insurmountable is current and in the present:

https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf

https://www.sec.gov/litigation/opinions/2020/34-88603.pdf

https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf

https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf

https://www.sec.gov/litigation/apdocuments/ap-3-19407.xml

This reference that is supplied by Sharp supporters which is highlighted in orange and is often posted to explain why the administrative proceeding will be taken care of and dismissed is moot and simply another example of misdirection...

Current management will be withdrawing the appeal filed by former management with the SEC of FINRA's denial of the name change.

This has already been directly addressed in the SEC documentation.

The reason the appeal will be withdrawn is because the appeal for the name change has already been denied by FINRA (not because the withdrawl of the appeal will dismiss the administrative proceeding or lift the SEC restriction on GVSI's corporate actions):

https://www.sec.gov/litigation/apdocuments/3-19407-event-1.pdf

FINRA's denial under Rule 6490 of the Company's requested corporate actions of a change of corporate name, symbol request and a reverse stock exchange pursuant to a merger on a one for twenty-thousand (I :20,000) basis (the "Corporate Actions").

FINRA initially declined to process the Company's Corporate Actions on June 21, 2019 by delivering a Notice of Deficiency Pursuant to FINRA Rule 6490.

...this proves that there is a current SEC restriction on GVSI's corporate actions because of GVSI's deficiency/delinquency.

Plus GVSI said it would withdraw the appeal (which does nothing to get the SEC administrative proceeding dismissed or the restriction on corporate actions lifted) on July 9, 2019 which is before the SEC delinquency determination and the imposition of the SEC restriction on corporate actions on August 16, 2019. Plus the most current entry date of the SEC case against GVSI is Jan 9, 2023.



Only the SEC has the authority to dismiss the administrative proceeding and lift the restriction and the SEC is asking for six years of audited financials from 2008 - 2013. The case cannot simply be dismissed by Sharp withdrawing the appeal of the name change as is falsely claimed by Sharp supporters. He does not have the authority to do that. Sharp has already said he wasn't able to audit GVSI's financials and that is what is being specifically requested by FINRA. It's the equivalent of saying that a person can withdraw their taxes so they don't get audited which is ridiculous.

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

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

Sharp has never addressed the SEC administrative proceeding or mentioned it in any tweet, disclosure or financial statement.

And Sharp supporters saying that "the FINRA legal proceeding is being addressed" does not acknowledge the fact that FINRA/SEC has already denied and affirmed the denial of a corporate action already - the name change request and reverse stock split - because FINRA has specifically requested audited financials from GVSI and won't lift the restriction or dismiss the case until those audited financials are submitted and which Sharp has already said he cannot supply.

https://www.sec.gov/litigation/apdocuments/3-19407-event-2020-05-12-brief-in-support-of-application-for-review.pdf

FINRA has effectively terminated the life cycle of this corporate entity. Therefore, the Commission's enforcement of the instant deficiency determination would amount to a death sentence for GVSI

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.

FINRA’s actions have effectively already murdered the Company and destroyed investment by its shareholders and other investors.

https://www.sec.gov/litigation/apdocuments/3-19407-2020-09-16-reply-to-finra-opposition-to-the-application-for-good-vibration-shoes.pdf

On March 20, 2019 (18 months ago), Applicant, Allied Corp. (previously Good Vibration Shoes, Inc.) ("GVSI"), submitted an application to FINRA to complete a name change, obtain a new symbol, and conduct a reverse stock exchange pursuant to a merger, pursuant to FINRA Rule 6490. After months and months of delays, FINRA determined the application was deficient on June 21, 2019. Applicant filed an appeal to the Uniform Practice Committee of FINRA (the “Committee”) on June 27, 2019. On August 16, 2019...the Committee affirmed FINRA’s determination.

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

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The restriction on any corporate actions by the SEC for GVSI still stands and the restriction keeps getting updated as evident by the SEC extending the date of the documents. The last entry being Jan. 9, 2023.



SEC restrictions apply to companies, not management. The change of control to Sharp is irrelevant. GVSI as a company is still SEC restricted. Simply dismissing the standing SEC ruling and restriction by saying it was from old management doesn't hold water because the administrative proceeding is current and open as can be seen by the case's continously updated dates.

And withdrawing the appeal won't satisfy the SEC's specific request in the adminstrative proceedings of submitting audited financials from 2008 - 2013 which Sharp has said he wasn't able to get done.

Sharp has had close to two years to take care of the administrative proceeding yet he can't or won't. Sharp has NEVER mentioned this serious issue in ANY of his tweets, financial statements or disclosures.

Sharp has already mentioned that he tried to get GVSI financials audited by using two accounting firms and having discussions with the SEC but failed getting GVSI's financials audited. That is why he decided to go through the lax OTC Markets' unaudited financials route via alternative reporting and Pink Current.

The SEC is specifically asking for something Sharp has already said he can't provide - audited 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

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.