Replies to post #130388 on Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

That has already been addressed in detail here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171894840

The same information just keeps being repeatedly posted even though it has been proven either false or irrelevant.

The main points being that given the GVSI SEC administrative proceeding and restriction on corporate actions states...

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

...and Sharp has already said that he can't supply audited GVSI financials after having two accounting firms try to audit GVSI's books and several discussions with the SEC over the course of a year...

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

...and Sharp has missed eight deadlines so far to supply the SEC/FINRA with the audited financials from 2008 - 2013 that it is demanding...



...and the SEC doesn't care about what Sharp says in twitter or what he does at the state level such as share cancellations and name change at the Nevada SOS. It only cares about Sharp filing audited financials it has demanded which Sharp already said he can't. All this proves that all the points that keep being made are irrelevant.

[Hi_Lo]

That has already been repeatedly addressed in detail.

The same information is just copied and pasted almost daily without addressing any of the points that have been refuted or proven false.

Again, let's review what these closely cropped screen captures actually say and the statements associated with them and how they are irrelevant:

Rather than comply with FINRA rules, previous management and its counsel appealed the decision to the SEC, which we have happily dismissed.

"Rather than comply with FINRA Rules" ??? FINRA Rule 6490 that is specifically mentioned in the SEC administrative proceeding and restriction that the SEC/FINRA specifically states that GVSI is in violation of ??? Is GVSI special somehow that it doesn't have to comply with Federal regulations that the SEC is specifically mentioning in its administrative proceeding against GVSI ??? That's what has gotten GVSI in so much trouble with the SEC and FINRA to begin with. That is why GVSI is in violation of FINRA Rule 6490 which states that a public company MUST comply with AUDITED financials from its inception as a public company to present day. GVSI has not done this and is in violation of FINRA Rule 6490 and keeps digging its hole deeper by Sharp not auditing GVSI's recent yearly report.

And dismissing previous management's appeal doesn't dismiss the SEC administrative proceeding and restriction on corporate actions such as a reverse merger.

Yet the GVSI SEC investigation, SEC administrative proceeding and restriction on GVSI's corporate actions stand and are still in place with the latest entry date being April 10, 2023 (notice an actual verifiable link - not a carefully cropped screen capture of a larger document that can be easily taken out of context)...

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



###

GVSI was:
-Known as Inca Hemp with Nevada SOS.
GVSI was corrected to Good Vibrations Shoes, now currently American Blockchain. The name change now satisfies the FINRA requirement.

A name change at the state level does not satify FINRA requirements.

First - FINRA and the SEC requirements are for GVSI to supply audited financials from 2008 - 2013 as stipulated in the GVSI SEC administrative proceeding. Something Sharp has already said he cannot do.

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

Second - FINRA and the SEC are also requiring GVSI to follow FINRA Rule 6490 which GVSI is violating.

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

FINRA's denial under Rule 6490 of the Company's requested 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.

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.

###

Known as Good Vibrations Shoes with FINRA. The name change now matches the Nevada SOS.

So? The SEC/FINRA administrative proceeding doesn't care what's done at the state level. The SEC is demanding audited financials from GVSI at the Federal government level. It's irrelevant.

So that point is moot.

###

-Known as Solpower with the SEC.
File search Solpower at the SEC and it’s now Good Vibrations Shoes. Amazing, GVSI is SEC registered, just currently not a filer.. yet

That is repeatedly posted and a verifiably false statement. GVSI is NOT an SEC registered stock.

An approved SEC Form 10 for GVSI doesn't exist which is a requirement to be an SEC registered stock. The GVSI registration statement Form 10 that Sharp withdrew and is mentioned below was NEVER refiled like Sharp said he would two Decembers ago - again more false statements from Sharp (and again, notice an actual verifiable link - not a carefully cropped screen capture of a larger document that can be easily taken out of context):

https://twitter.com/OTCpinkGVSI/status/1463252163287785477?t=R4NqYhK5G6rfvrofPGvLXg&s=19

https://www.sec.gov/Archives/edgar/data/1068618/000149315221029704/formrw.htm

November 23, 2021

Via EDGAR

Daniel Crawford
Suzanne Hayes
Division of Corporation Finance
Office of Life Sciences
Securities and Exchange Commission
Washington, D.C. 20548

Re: Good Vibrations Shoes, Inc.
Amendment No. 1 to Form 10
Filed September 28, 2021
File No. 000-29780

Dear Mr. Crawford and Ms. Hayes:

Please be advised that Good Vibrations Shoes, Inc. (the “Company”) hereby respectfully requests withdrawal of the above-mentioned Registration Statement pursuant to Rule 477 of Regulation C promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended. The Registration Statement was originally filed on September 27, 2021.

So that point is also moot.

###

The scaled disclosure requirement for smaller reporting companies permit your company:

- to provide audited financial statements for two fiscal years...

First, GVSI is not an SEC reporting company.

Second, Sharp has already stated that he can't audit GVSI's financial statements:

https://twitter.com/GeorgeASharp/status/1622941929762615296?t=-nSvlnQ2OrP2FExpUCmX1Q&s=19

So that closely cropped screen capture (not a link) is also moot.

###

Issue with FINRA
-Previous management attempted a reverse split and name change.
Per filing: Current management will be withdrawing the appeal filed by former management with the SEC of FINRA’s denial of the name change. On June 14, 2021 current management amended our Articles of Incorporation to change our name to Good Vibrations Shoes, Inc.

Withdrawing the appeal does not dismiss the current and open SEC administrative proceeding against GVSI that has a current last entry date of April 10, 2023. The case is still open (again notice - an actual link):

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



And the articles of Incorporation is done at the state level which is meaningless to the Federal government level GVSI SEC administrative proceeding.

So those points are moot as well.

###

Issue with the SEC
-Previous management appealed FINRAs decision to the SEC.
Per company: We have happily dismissed this appeal

As repeatedly pointed out, GVSI dismissing its appeal does not dismiss the SEC administrative proceeding and restriction on corporate actions. Only the SEC has the authority to dismiss the case and it hasn't. The SEC administrative proceeding is still there, active and still open with a current last entry date of April 10, 2023.

The SEC administrative proceeding has not been dismissed and the restriction on GVSI's corporate actions still stands (again notice - an actual link):

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

So that point is also moot.

And the SEC administative proceeding is not being taken care of as can be seen by all the missed extension dates (eight so far) with Sharp most likely just blowing smoke to the SEC and kicking the can down the road without addressing this GVSI existential threat. Sharp is dragging the case out as long as he possibly can because he knows he can't comply with the SEC demands - audited financials, and also knows that the adverse SEC/FINRA decision that is coming will be detrimental to his two other SEC registered and reporting shells that are viable (GVSI is not viable) and his reputation.



Nowhere in that tweet does Sharp actually say that he's resolving the SEC/FINRA administrative proceeding and restriction on corporate actions. In fact Sharp has never mentioned the administrative proceeding and restriction on corporate actions in any tweet, disclosure or financial statement.

And in that Sharp tweet screen capture, the date has been carfully cropped out so as to not give a context to when it was tweeted.

Sharp already said that he couldn't audit GVSI's financial statements going against the specific demand from the SEC/FINRA to supply audited GVSI financials from 2008 - 2013 in its administrative proceeding and restriction against GVSI's corporate actions such as a reverse merger, so there is no more need for auditors. Sharp and the auditors tried and gave up. There is nothing new to try.

https://twitter.com/GeorgeASharp/status/1622941929762615296?t=nO9n_6QOta3EVDuyvt5QkA&s=19

So that outdated, closely cropped Sharp tweet is now irrelevant.

And this list that keeps getting repeated is now also irrelevant:

The Sharp/GVSI fallacies:
-Sharp abandoned GVSI
-The debt motion won’t pass
-Sharp won’t get OTCIQ access
-GVSI won’t get off the expert market
-Sharp sold his 20M shares
-GVSI won’t get pink current
-GVSI has 8 lawsuits/controversies
-GVSI isn’t SEC registered
-Sharp awesome at 1 ticker, fail everywhere else
-Fairytale Sharp 4th ticker the best

....because the SEC has put a restriction on all GVSI's corporate actions on a Federal government level. So anything that Sharp does at the state level (like almost everything on the list) is meaningless and irrelevant to the GVSI SEC adminstrative proceeding and restriction against GVSI's corporate actions. So the share cancellations are a ruse to distract from the SEC administrative proceeding and restriction.

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

GVSI will most likely be abandoned, revoked, suspended, delisted or put back in expert market permanently because Sharp keeps kicking the can down the road in the GVSI SEC administrative proceeding (eight times now and counting) since he seems to want to drag the case out as long as possible because there is no solution to supplying the SEC/FINRA with AUDITED financials to the SEC/FINRA which Sharp has already said he can't supply.

Sharp already stated that he has abandoned auditing GVSI's financial statements and audited financials are precisely what the SEC/FINRA is demanding GVSI supply in its investigation and administrative proceeding.

All that is left is to talk about GVSI's name change at the Nevada state level and the Nevada court case concerning share cancellations - all of which are state level actions and a distraction from the fact that GVSI can't supply the SEC/FINRA Federal government level demands for AUDITED financials which Sharp has already said he can't produce.

And the fallacy that GVSI just needs to supply two years of financials to be able to file its Form 10 is false information. GVSI needs to be current with the SEC first and then file two years of AUDITED financials with the SEC and Sharp has already said he cannot audit GVSI's financials.



I don't know what's more sad - fiegning ignorance to a subject that is obviously true or a CEO who doesn't know what a corporate action is from someone who has filed many of them for his other stocks.

Sharp supporters also keep asking why would Sharp keep spending money and continue with court proceedings to cancel shares if the SEC administrative proceeding could result in GVSI's revocation? Sharp also spent money and pursued court motions to get GVSI SEC registered and reporting - but ultimately Sharp wasn't successful. Just because Sharp spends money, time and effort doesn't mean he will accomplish his aims. He's failed more times than being successful with failed custodianships or custodianship attempts with RETC, WRIT, MEIL, EVLI and losing 4 GVSI share cancellation attempts in his GVSI court case.

All this has resulted in Sharp's reputation taking a beating lately with the WNFT Calasse appeal that is taking way longer than anyone imagined, losing four out of eight GVSI share cancellation attempts so far in his GVSI court case and Sharp's failed custodianships or custodianship attempts with RETC, WRIT, MEIL, EVLI.

Again if Sharp spends money, time and effort on a custodianship or legal proceeding doesn't mean he will be successful and the SEC administrative proceeding and restriction on corporate actions is a perfect example of this.

Notice I'm providing verifiable links to SEC documents from the current and open SEC investigation and administrative proceeding against GVSI, a very credible financial and coporate attorney law firm's website and Sharp's own tweets.

Sharp supporters only offer empty statements with no references, when references are supplied they are misdirection or unrelated, irrelevant information. Nothing posted directly addresses these major and existential SEC problems GVSI has.