As one of the hottest OTC stocks, Good Vibrations Shoes Inc. (OTC: GVSI) is one to watch this week after the George Sharp custodian play became Pink Limited after several months in the Expert Market. Now that the stock is available to many US investors to purchase, investors are confident GVSI could continue running to new 52-week highs thanks to the potential influx of volume that could go into the stock. With investors anticipating GVSI to become Pink Current within the coming weeks, GVSI stock is one to watch closely for updates regarding its anticipated merger.
GVSI Stock News
*Written September 9th, 2021
Recently, there have been some positive developments for George Sharp stocks which have yet to become current with the OTC Markets. SRNW had an 8-K drop on September 8th which disclosed that BF Borgers CPA PC has been engaged to audit the company’s financial statements for the fiscal years ending December 31, 2020 and December 31, 2019. The resulting 10-K will be filed prior to September 28th to meet the SEC deadline.
This update has led bullish GVSI shareholders to predict GVSI will be next. It appears the company dropped a filing on August 30th with the Nevada SOS but the document has yet to be released. In the meantime, many investors are still holding on to the stock. September 8th saw notable activity for GVSI after a general selloff began on the 3rd and continued until the 8th before ending in a 36% bounce back at market close.
GVSI is particularly popular given the stock’s share structure, lack of debt, and small market cap of only 93 million. After a 47% drop over the last few days the stock is mostly held by shareholders loyal to George Sharp who they believe will get the stock current before the deadline. Some investors are even speculating that a merger candidate is already in the works making a connection between GVSI and SWAPP – a DeFi protocol that allows individual users to monetize their own data. This speculation has been fueled by one of the co-founding members of SWAPPFI, @JeremyPlatt90, who has been retweeting posts regarding a potential merger between the companies.
While George Sharp has not been forthcoming on information for these three companies, his August 31st tweet mentioned that the filings would be “for the benefit of the POTENTIAL acquisition targets who require funding options available specifically to reporting issuers”. Also on August 31st, a twitter account @OTCpinkGVSI was formed announcing it “is the official Twitter feed for $GVSI”. George Sharp has since retweeted the post and has done the same for @OTCpinkGOFF and @OTCpinkSRNW. Updates on filings and official statements will likely come through these accounts considering that George Sharp’s twitter account is not accessible to all users.
With almost all OTC investors watching the few stocks that appear to be in the process of becoming pink current, the volume for these three stocks could be immense as the process plays out. While there is a significant risk to investors if the stocks fall through, many seem ready to take that risk.
*Updated January 17th, 2023
While the company has been in the expert market, the outlook for GVSI stock in 2023 appears to be bright in 2023 after finally posting its financials for 2022 and 2021 – leading to its tier upgrade to Pink Limited. With the company’s financials now under review by OTC Markets, many investors are increasingly bullish GVSI stock could become Pink Current within the coming weeks. In light of this, a merger appears to be on the horizon which could send GVSI stock to new highs given the increasingly bullish sentiment surrounding the stock.
With the company now able to pursue a profitable merger, GVSI has been working to add value to its shareholders by pursuing share cancellations. On that note, GVSI intends to file with the court to cancel a large portion of its OS and is currently preparing an initial court action to cancel more than 294 million shares. At the same time, GVSI is examining records to determine how many additional shares it could cancel. Considering that George Sharp was able to cancel several TSNP shares before its merger with HUMBL, Inc. (OTCQB: HMBL), many investors are bullish GVSI could be set for a similar outcome. Based on this, GVSI stock could be a profitable buy as it is now available to many US investors.
@DlarsTrades is bullish on GVSI stock’s prospects following its tier upgrade.
@Retro1upArmy believes GVSI could reach $.25 soon.
GVSI stock is currently trading at its 52-week high resistance of $.0377 and has another resistance at $.0490. Meanwhile, the stock shows supports near .0300, .0219, and .0169. Although GVSI was trading in the Expert Market, the stock is up more than 220% since the beginning of December with only Canadian investors able to buy the stock. Now that the company is Pink Limited, GVSI has the potential to soar as the stock is now available to many US investors who are bullish on the company’s potential under George Sharp’s leadership.
Given the anticipated spike in GVSI’s trading volume this week, the current PPS could be a good entry point for bullish investors. With this in mind, GVSI’s price movement during this run appears to be organic with no impulsive moves occurring. Based on this, GVSI could continue climbing in anticipation of updates regarding its anticipated merger.
With investors anticipating updates from GVSI once it becomes Pink Current, accumulation is trending upwards thanks to investors’ confidence in the company’s potential. Similarly, the MACD is bullish to the upside. Meanwhile, the RSI climbed from 61 to 73 indicating that GVSI stock is currently overbought. Despite this, the increasing attention GVSI is gaining following its tier upgrade could see the stock continue running this week. GVSI has an OS of 2.4 billion and a float of 1.9 billion.
GVSI Stock Forecast
As the company is now able to move forward with pursuing a merger, GVSI stock forecast for 2023 appears to be extremely bullish thanks to George Sharp’s previous successes in securing profitable deals for his tickers. Considering that GVSI could witness a huge influx of trading volume as it is now available to many investors in the US, the stock could be poised to continue climbing to new 52-week highs in anticipation of more updates. With many investors increasingly bullish the company could become Pink Current within the coming weeks, updates regarding a merger could be right around the corner. In light of this, GVSI stock could be one of the best OTC stocks to buy this week.
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