Replies to post #179953 on Good Vibrations Shoes Inc (GVSI)
03/26/26 7:40 PM
"The past means nothing. A custodian gives the shell a fresh start."
GVSI
@OTCpinkGVSI
$GVSI has finally received comments from FINRA who is concerned with acts by previous management, particularly, missing financials from that period. Management continues to cooperate with FINRA at its own expense in order to achieve the name & symbol changes.
9:50 AM · Nov 28, 2023
AI Overview
A new custodian for a stock ticker—particularly for OTC (Over-the-Counter) "penny" stocks—often acts as a catalyst that can feel like a fresh start, but it does not erase the company’s financial history, debt, or past performance. While a new custodian can lead to improved compliance, better record-keeping, and the potential for a "Pink Current" status, the underlying shares, debts, and trading history remain the same.
The past means nothing. A custodian gives the shell a fresh start. Just cuz Sharp wasnt successful, doesn't mean someone else won't be.
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.
6:54 AM · Feb 7, 2023, 24.6K
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
7:28 AM · Jun 30, 2022
FINRA also acknowledges that the denial is based solely on failure to file periodic reports from 2008 to 2013.
Here, the filing of the Form 15 did not absolve GVSI of it's delinquency. Nor does making the company Pink Current, as was accomplished during 2023. While the company is in good standing with OTC Markets, in the eyes of the SEC and FINRA, GVSI remains a delinquent reporter. FINRA will not process any corporate action such as a name change, symbol change or reverse (or forward) split while an issuer is deemed delinquent in its reporting requirements.
- George Sharp
December 28, 2023
The Solution
In order for FINRA to process GVSI's corporate actions - FINRA does not approve actions, they only process them - GVSI will have to once again become a reporting issuer in good standing. To do so GVSI will have to file two years of audited statements within a Form 10 filing. Current management forsees no issue in getting this accomplished in the near future and thus being reinstated as an SEC reporter in good standing.
The Good News
GVSI management believes that the company is close to a significant acquisition with two potential targets under serious review. Of course, as always, the mission is not complete until it is complete. Both potential candidates understand the current issue with FINRA and neither forsees the issue as being a roadblock to an acquisition.
- George Sharp
December 28, 2023
Both potential candidates understand the current issue with FINRA and neither forsees the issue as being a roadblock to an acquisition.
The 20 mil shares of $GVSI that was listed with my holdings in today's revised filing, were previously stated in SEC filings, but were overlooked in the original OTCM disclosure. These shares were purchased out of the market prior to my custodianship app. & gave me standing.
9:59 AM · Feb 21, 2023 35.3K Views
For those asking, I was never issued the 20 million $GVSI shares in question, which is why they do not appear on subsequent filings. Contrary to what those who like to "pay me back" would like you to believe, I did not sell those shares.
I had regretted taking over $GVSI. Had I known what I was in for, I would have never had done it. But even my most fervent doubters know that I don't just give up once I start. I spent a lot of my own money to get this done in order to justify the confidence of my supporters.
$WNFT reaches the promised land.
1:08 PM · Jun 29, 2022
The mandatory settlement conference did not yield an agreement with Calasse, however we anticipate that $WNFT will proceed with a business plan over the next several weeks which will include an acquisition(s). This statement should not be construed as a guarantee for success.
9:33 PM · Aug 18, 2022
There will be no reverse split, dilution or toxic debt taken on so long as I am involved with $GRDO. Update filings will reflect a zero balance sheet. PRs are forthcoming.
2:20 PM · Oct 5, 2018
I regret giving the impression that $GRDO would not r/s, but unfortunately, it was the only way to get things done. Why would the shareholders want as much as 800 million shares in dead certificates? The only purpose that serves is to make it more expensive to raise money.
I will never be involved with a company that wipes out the shareholders through a reverse split. $FORW $TSNP
9:55 AM · Nov 2, 2020
FINRA's deficiency determination and the Commission's affirmation of FINRA's deficiency determination would have the collateral consequence of preventing GVSI from ever conducting future corporate actions.
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.
We have incurred nominal operations since custodianship and will actively search for suitable merger candidates to assist in the sustaining of operations.
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
NONE
$GVSI has finally received comments from FINRA who is concerned with acts by previous management, particularly, missing financials from that period. Management continues to cooperate with FINRA at its own expense in order to achieve the name & symbol changes.
11:50 AM · Nov 28, 2023 · 51.7K Views
The Company’s many shareholders have essentially all lost their investment in the Company.
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