GVSI Closed Up 44.54% Today Amid
Court Petition To Cancel Shares And
Expectation That OTCIQ Access
And A Return To Pink Sheets Current May Be Near.
This morning we issued an important early morning update to our Platinum Members on Good Vibrations Shoes, Inc., (OTCMKTS:GVSI) informing them that today was likely to see strong upward momentum as a result of some key updates regarding the companies aim to significantly reduce outstanding shares. Those expectations proved correct with GVSI closing up with a 44.54% gain to close the day at $.0172, making it one of the most powerfully gaining penny stocks of the day.
It is particularly important to note here that we are entirely unaffiliated with GVSI. They have never paid us for any sort of promotion or anything of the sort, after all doing so would make no sense when it literally can’t be purchased from the U.S. at this time. We do not own shares, though we would like to purchase shares after a return to regular trading within the U.S., and have simply kept it as an active alert on the backburner for our subscribers since mid 2021, due to our recognition of the long-term potential here. We have continued to quietly and periodically release updates and alerts on GVSI to our paying members through this entire wait period
The Full Story Of Our Coverage Of GVSI:
GVSI was originally released to our Platinum Members as both a short and long-term play all wrapped into one, when it was trading at just $.0083. In just one and a half months, it saw a total run up 628.92% to $.0605 and within that period we made it clear to our members that the safest and less nerve-wracking practice would be to sell some or all of GVSI around that high period, even though we expected the long-term trend to be up well beyond that price point.
The reason for this was that mindset, was a coming rollout of new SEC rules that once enacted would require that GVSI no longer be accessible for purchase for U.S. based investors, therefore only allowing them to hold or sell, while waiting for what we stated would be a long-wait period as the company sought to eventually become fully reporting. Naturally, with it being clear that there would be a steep price decline as a result of the entire American Nation of investors only being able to hold or sell GVSI potentially for a year or more, many investors preferred to sell short-term rather than hold through that long wait period and others chose to sell only some, or even none at all as they waited. Then there were of course traders located in areas such as Canada, where they were able to continue purchasing GVSI at the lows for this entire year plus long period, in order to maximize profit potential.
GVSI Has Petitioned The Court With A Request To Have A “Significant” Portion Of The Outstanding Shares Cancelled:
After market yesterday, GVSI sent a tweet announcing that the company has petitioned the court with a request to have a “significant” portion of the outstanding shares cancelled. Also both GVSI, and the CEO, George Sharp, tweeted to indicate that the reason for choosing to do so, is that they believe that OTCIQ access will be returned soon, with a full return to free trading. It was these tweets that lead us to alert our Platinum Members to the fact that there would likely be a surge in price today due to heightened interest from investors and that expectation proved to be correct.
The reduced share structure if approved, would likely lead to a larger surge in price per share due to less shares being available to acquire and if that comes along with a full return to trading within the U.S. that could lead to a rapid price per share increase. On top of that is the hopeful expectation that there will also eventually be a reverse merger company rolled into this ticker but that would be much farther down the line if completed.
The History Of George Sharp As A Well-Meaning Executive Looking Out For OTC Market Investors Has Built A Strong Following Of Investors For His Stocks:
GVSI is being spearheaded by George Sharp, who has built up a bit of a cult following among OTC Market investors, being viewed as one of the only good guys within an otherwise very hectic market filled with a lot of bad actors. George Sharp has thus far shown himself to be one of the most well-meaning executives within the penny stock world, reducing share structures of his plays while other companies dilute to excess, avoiding pumping while others are taken down for fraudulent pumps, and calling out bad actors and seeming to be almost infallibly correct in doing so, even if it takes months or years later to be proven correct.
Most notably Mr. Sharp attained OTC fame for his TSNP/HMBL reverse merger that saw one of the greatest reverse merger price per share percentage gains in OTC history back in 2020. Knowing this has inspired many people to look toward GVSI for further growth potential, in the hope that it may have even a fraction of the success that was seen in that prior endeavor.
With the OTC market as rough as it has been lately within the wider bear market, penny stock investors are starving for legitimate picks due to fears of so many others that have been wiped out completely over the course of the past two years. As a result of the near constant flow of penny stocks that have been going under due to fraudulent practices, many traders are flocking to George Sharps picks for a sense of confidence in knowing that there is a well meaning executive at the helm. We highly suggest keeping GVSI on your watch list because we expect it to pick up very quickly after returning to Pink Sheets Current and regular trading because there are many traders that have been itching for a chance to buy it for quite some time, therefore that would likely be met with intense trading volume.
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