That would be a corporate action and GVSI has an SEC restriction on corporate actions such as mergers and acquisitions because of its current and open administrative proceeding against GVSI.
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION In the Matter of the Application of GOOD VIBRATION SHOES, INC. APPLICATION FOR REVIEW AND NOTICE OF APPEARANCE For Review of Action Taken by FINRA
Inca Hemp, Inc. (formerly Good Vibration Shoes, Inc.) (the "Company), by its attorneys Cutler Law Group, P.C., hereby submits the instant Application for review of 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. The Company filed an appeal of the Notice of Deficiency to a subcommittee of FINRA's Uniform Practices Code Committee (Case No. CAS-55435-H3X0J3). The subcommittee affirmed the action of FINRA and denied the appeal on August 16, 2019. Accordingly the Company appeals the denial of the Corporate Actions. The Company hereby applies to the commission for review of FINRA's decision. The Company argues that FINRA has misapplied its discretion under Rule 6490 and acted in a reckless, arbitrary and capricious manner by declining the Corporate Actions.
That's why GVSI is sub-penny like I said it would be for about a year with its accumulation bleeding and will continue its decline until it is revoked or placed back in expert market again permanently where it belongs.