Replies to post #131007 on Good Vibrations Shoes Inc (GVSI)

[Starlost]

I think he's just deliberately stalling, in hopes of a more favorable market to get things moving.

[delerious1]

"We really don't know at this point"

Exactly, what more could be said

[Hi_Lo]

Or maybe it is related to the Form 10 and two years of audited financials people have mentioned before. As in, if he can prepare two years of audited financials (since he became custodian), he can file something to satisfy FINRA and they'll use their discretion to rule in his favor.

We really don't know at this point. If the last option is true, he likely needs to wait and the Financials will be from June 30, 2021 - June 30, 2023.

As usual, that's just pie in the sky wishful thinking.

That is not an option because...

1. The SEC first is requiring audited financials from 2008 - 2013 and there is a restriction on corporate actions until those financials are submitted.

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

2. GVSI needs to be SEC registered and reporting first before producing the audited financials for two years. But let's say GVSI filed its Form 10 today (which it can't). That would push out the two years of audited financials to June 2025.

3. THE MOST IMPORTANT POINT - Sharp has already said he couldn't audit GVSI after a whole year of having TWO accounting firms try to do it and after having several discussions with the SEC. He gave up trying to audit GVSI.

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

So either the SEC continues to grant extensions indefinitely and GVSI slowly dies or the SEC revokes GVSI outright when it figures out Sharp can't provide audited financials.

Either way GVSI is done. All the arguments about GVSI getting SEC registered and reporting are moot.

It's amusing to see how GVSI shareholders try to rationalize their denial that they have lost their investment.

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

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