Replies to post #132265 on Good Vibrations Shoes Inc (GVSI)

[HokieHead]

Um, next....

[Starlost]

Well, you're wrong yet again. What would have been worse, would be to never withdrawn that appeal. Then that would have signalled a lack of motivation on GS part to push forward. Considering the company is NOT the same company that filed the original application to FINRA, I think he has other options now.

[Yolo]

I read everything in detail, actually. As I said in another post, FINRA may be stuck on the missing financials and it is a deal breaker, but I don't think that is the only possibility.

Sharp withdrawing the Review of FINRA’s ruling means there won't be a reverse merger - name change etc - no Corporate Action Requests will be processed.

Withdrawing the review of the previous attempt at a corporate action doesn't mean that FINRA will automatically reject any future corporate actions. It also removes all the baggage from the previous filings (lots of inflammatory language!) and positions GVSI for a stronger argument if it is denied again.

You are correct, FINRA could deny a future corporate action due to the missing financials, this is true. But the previous review would be based on the fact pattern in 2019, which was super shady. If FINRA denies a future corporate action, Sharp can request review and point to all of the changes made through the custodianship process and to become current.

It might not be a winning argument, but it's a stronger one than trying to argue the previous corporate action.