The last time GVSI tried to do a name and ticker change it was denied by the SEC/FINRA because of missing audited financials from 2008 - 2013 and also in violation of FINRA Rule 6490.
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.
GVSI failed to file ANY financials (especially audited financials that the SEC/FINRA are demanding) from 2008 - 2013. And that was **BEFORE** GVSI filed its Form 15 (relieving it of its filing responsibilities), so GVSI is still on the hook for those missing financial stamements and Sharp already said he ABANDONED getting GVSI audited and SEC registered and reporting.
FINRA also acknowledges that the denial is based solely on failure to file periodic reports from 2008 to 2013 prior to filing a Form 15
What makes Sharp supporters think the SEC/FINRA will approve the change in corporate actions next time especially since the missing financials were never rectified which made FINRA issue its Notice of Deficiency to GVSI?
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.
The Company is in the process of revising its registration statement and accompanying financial statements to adequately address certain comments received by the Company from the SEC. Accordingly, the Company respectfully requests that the SEC consent to the withdrawal of the Company’s registration statement on Form 10 as soon as practibalbe. The Company also respectfully requests that all filing fees submitted to the SEC in connection with the filing of the Registration Statement be applied to any future filing of the Company on Form 10.
Please contact this office with any additional questions in this regard.
Very truly yours. CULHANE MEADOWS PLLC /s/ Ernest M. Stern Ernest M. Stern, Partner
Nothing has changed since the SEC/FINRA issued GVSI's Notice of Deficieny and restricted GVSI's corporate actions. Sharp has done absolutely nothing to address the missing financials (which are still missing) which seems to be an existential problem with the SEC/FINRA.
And Sharp already said he abandoned getting GVSI audited, and registered and reporting with the SEC.
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
Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days
— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022