Media & Technology
Good Vibrations Shoes Inc. (PINK: GVSI) Powerful Reverse Merger RM Play
Good Vibrations Shoes Inc. (PINK: GVSI) has been skyrocketing up the charts in recent weeks quickly transforming into a top traded stocks in small caps. Volume has been picking up significantly in recent days with GVSI trading over $14 million in dollar volume on Friday alone as some of the top penny stock speculators jump onto the GVSI train.
GVSI has transformed into a mega mover and among the most talked about stocks in small caps since reverse merger RM Whizz George Sharp stated on twitter on April 19 his lawyers were filing for custodianship of GVSI. Mr Sharp recently gained fame on the historic TSNP rise from triple zeroes to multi dollars trading hundreds of millions in dollar volume per day. GVSI currently has massive liquidity and some of the top traders in small caps behind it who are looking for another TSNP style run.
Good Vibrations Shoes Inc. (PINK: GVSI) is a Nevada corporation, was formerly known as Bitcoin Collect, Inc., Solpower Corp., Virtual Technologies, Inc. and Dynafuel Corporation, which was incorporated under the laws of the State of Utah on June 7, 1982. The Company is a perfect reverse merger candidate with a clean balance sheet of just $250k in liabilities.
The Company was originally incorporated in Utah in 1982 as Dynafuel Corporation and its original business involved research and development of an experimental fuel using alcohol and other chemicals in a proprietary combination to produce a gasoline-like motor fuel. In July 1996, the Company merged into a newly-formed subsidiary incorporated in Nevada to change the Company’s corporate domicile. In November 1996, the Company entered into a licensing agreement with Dominion Capital Pty Ltd. to acquire the exclusive manufacturing, distribution, marketing and sales rights for Soltron ® in the United States, Canada and Mexico. As a result of entering into this licensing agreement, Dominion Capital and its affiliates gained control of Solpower and a new Board of Directors and new management were installed. A corporate philosophy of acquiring and commercializing environmentally friendly products was initiated. In June 1998, the Company entered into a second licensing agreement with Dominion Capital and acquired the exclusive manufacturing, distribution, marketing and sales rights for the product SP34E™ in the United States, Canada and Mexico. In December 2000, the Company acquired the E*COR enzyme division of Perix Industries, Inc., including all the rights to the KLEAN product line. KLEAN is a line of enzyme-based cleaners and bio-remediation and petroleum deposit control agents. The Company discontinued the KLEAN product line in the fiscal year ended March 31, 2003.
On June 23,2014 the company appointed Dr. Richard Koenig to the Board of Directors, and to the position of CEO of the company while simultaneously resigning Charles Neinstedt from any and all positions he held with the company at that time. On this date, the Company subsequently merged with Good Vibrations Shoes, Inc. and it exchanged 100% of Good Vibrations Shoes, Inc. common shares for the Company’s series “B” preferred share and its majority voting rights. On 4/29/2015, Dr. Richard Koenig effectively resigned as CEO and Chairman of the company, transferring ownership of his preferred shares, which hold 51% or more of the outstanding stock in the company to Emmanuel Gyamfi, who was appointed Interim CEO, Secretary and Treasurer pending an anticipated acquisition of DBA Vindai Corporation and appointment of permanent CEO. The common shares of Good Vibrations Inc. were returned to Dr. Koenig in exchange for the assignment of his preferred shares in the company to Emmanuel Gyamfi, effectively reversing the acquisition of Good Vibrations Shoes, Inc. The selling of Good Vibrations Shoes back to Dr. Koenig, and the acquisition of Vindai are considered to be a combined net $0 transaction showing no gain or loss to the Company since no current government contracts will be transferred to the company in this fiscal quarter. Due to unforeseen delays in transference of the company’s business into the Parent, the company filed with the State of Nevada for a name change to Vindai Corporation, but has not filed this change with FINRA as of yet. In December 2015, the company signed an acquisition deal to acquire Long Beard Brewing Co. and is in the process of changing its business model to micro-brew or craft beer manufacturer.
Today, my attorney is filing for custodianship of $GVSI on my behalf. Those buying shares must know that there is incredible risk here. My application could be denied. I could find really bad skeletons.
Do not ask me questions regarding the progress. You will be blocked— George Sharp – CEO of FORW, SRNW, WNFT & GVSI (@GeorgeASharp) April 19, 2021
$GVSI wow first time Ive ever seen this hes getting custodianship almost instantly pic.twitter.com/7kNjnXgb43
— i_like_bb_stock (@thommic) April 23, 2021
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The last press release was June 8, 2016, the Company reported Good Vibrations Shoes, Inc. (OTCPink: GVSI) announced today that its subsidiary company, Long Beard Breweries, Inc. has received approval for the build-out of its brewery and tasting room in Riverhead Long Island. Long Beard has been waiting for the permit so they can get started on what they consider to be one of the most important aspects of their business. More than just a place to brew their craft beer, the company’s Riverhead tasting room will be a space within the brewery where guests may come to purchase and sample Long Beard’s wonderful craft beer, meet the people at Long Beard, and experience the brewery’s culture, and environment, a very important part of building a loyal customer base.
Current plans have the tasting room slated to be the largest in Riverhead at close to 1000 square feet. Company CEO, Paul Carlin describes it by saying, “The feel of the Long Beard tasting room is going to be something along the lines of old Norse hall meets rustic mountain lodge. There will be lots of rough sawed wood, earth tones and a Viking Ship!! That’s right, the impressive “U” shaped serving bar will literally be the bow of a Viking ship complete with a drop down antler chandelier.” He goes on to say, “We will also have a huge 12 x 4 foot hall table made from thick wood, just like the ones you’d see in the old Viking banquet halls. We will have outside seating; a gourmet food truck and a little rec area for cornhole or something similar, and of course live music will also be incorporated. It is going to be the type of place that once you are there, you’re never going to want to leave.”
One of the huge benefits of Long Beard having carpenters and mechanics as majority shareholders is that most, if not all of the work will be done by officers of the company themselves, saving lots of money on labor cost, and reducing expenses to mostly just supplies and materials. With the federal licensing, as well as the county and other various approvals and permits now in place, the build-out of this ambitious project can finally begin, and is not expected to take very long. The company hopes to release estimated completion dates very soon, and Long Beard Brewing Company can finally be on its way to becoming the next big thing in craft beer.
https://twitter.com/nxtplse/status/1385393770993262597
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GVSI has been skyrocketing up the charts in recent weeks quickly transforming into a top traded stocks in small caps. Volume has been picking up significantly in recent days with GVSI trading over $14 million in dollar volume on Friday alone as some of the top penny stock speculators jump onto the GVSI train. GVSI has transformed into a mega mover and among the most talked about stocks in small caps since reverse merger RM Whizz George Sharp stated on twitter on April 19 his lawyers were filing for custodianship of GVSI. Mr Sharp recently gained fame on the historic TSNP rise from triple zeroes to multi dollars trading hundreds of millions in dollar volume per day. GVSI currently has massive liquidity and some of the top traders in small caps behind it who are looking for another TSNP style run. We will be updating on GVSI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GVSI.
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Disclosure: we hold no position in GVSI either long or short and we have not been compensated for this article
MSP Recovery (NASDAQ: LIFW) has been on quite the rollercoaster ride, defying gravity with over 400% gain since September 14th, 2023 with over 240% of that gain happening this week alone. However, the exact reasons behind this meteoric rise remain elusive. Typically, when a company drops major news, you’d expect an instant stock reaction. But in this case, the last significant update from the company was about a week ago, and it’s questionable whether that news was much on the positive side, yet the stock is still zooming upwards.
Background:
Let’s delve into the nitty-gritty of what MSP Recovery, more prominently known as LifeWallet, is all about. Imagine them as the healthcare financial detectives, diligently sifting through the complexities of medical billing and reimbursements. They specialize in recovering money owed to healthcare providers. If an insurance company owes a hospital for a patient’s treatment, these folks ensure that the hospital gets the rightful compensation. But their innovation doesn’t stop there.
Enter “LifeWallet,” their brainchild—a powerful tool designed to revolutionize healthcare transactions. Picture it as a savvy assistant for healthcare professionals, standing by their side in the hustle and bustle of medical care. LifeWallet’s magic lies in its ability to decipher the complexities of healthcare billing and insurance. It guides doctors and hospitals, helping them navigate the tangled web of who should foot the bill, especially in post-accident treatments. It’s a digital ally ensuring fair compensation and smooth financial transactions in the intricate healthcare landscape.
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MSP is making waves in the healthcare domain with this innovative approach, leveraging data analytics to streamline processes and champion fair compensation for healthcare providers. Much like a rollercoaster ride, their journey promises excitement, surprises, and an undeniable thrill in the world of healthcare finances.
Legal Battles and CEO Extravagnce:
Step back and look at their stock chart—MSP has taken a major hit in value this year, and it’s not without reason. Surprisingly, digging into the company’s operations revealed some unpleasant surprises we hadn’t anticipated. It’s been a rough ride for them.
The company was just recently involved in a class action law suit led by recognized leader in shareholder rights litigation, Robbins LLP. The case revolved around MSP not providing essential information to investors transparently.
There were a number of claims mentioned, here’s a quick list.
- MSP didn’t reveal there was an ongoing investigation by the SEC and federal prosecutors.
- They gave out financial information to investors that was significantly wrong and deceptive.
- When admitting they needed to fix their financial results, they didn’t reveal the full extent of the issues.
- MSP couldn’t financially handle the claims they were assigned to manage by a major health and engaged in deceitful actions with said provider
- The Registration Statement had lots of wrong or misleading statements and was poorly prepared.
- Their Proxy also had false or misleading statements.
It all started on July 31, 2023, where The Miami Herald unveiled significant revelations. Stating the CEO John H. Ruiz has been living quite the lifestyle buying several waterfront mansions in Miami, even an entire Boeing passenger jet.
It’s not surprising the Ruiz’s lifestyle was so extravagant considering LifeWallet was once valued at more than $32 billion, but as you can see the company is now worth a small fraction of that. That said, Ruiz’s expensive lifestyle would be tough to continue.
Then again, on August 1, 2023, the Company made disclosures to the SEC (Form 8-K), confirming The Miami Herald’s findings. The stock took another substantial hit, dropping over 12%. Adding to the unfolding drama. After that, a substantial $67 million lawsuit was filed against the Company on the same day, resulting in an 18% plummet in the stock price.
The narrative continues on! On August 17, 2023, MSP acknowledged a notification letter from Nasdaq’s Listing Qualifications Department. They confirmed the Company’s non-compliance with Nasdaq’s Rule 5250(c)(1) due to a delayed Form 10-Q filing for the period ending June 30, 2023. This revelation caused a 19% stock price drop over two days.
With that said, we’ll bet you’re seriously wondering how could this company could possibly see recovery (pun intended) after all these allegations were laid out.
What happened:
Surprisingly enough, it seems Robbins LLP just recently lost the case against MSP and there was an announcement made on September 13th, 2023 about it. All those allegations have vanished into thin air. It’s baffling how a company with so many strikes against it can seemingly wrap things up so quickly. The whole situation leaves us questioning what’s really going on.
Since the announcement the other week, the company’s valuation has skyrocketed, at some points even peaking at an increase of over 400%. Naturally with that kind of trading action, it’s no surprise day traders are getting in on the action. MSP is trending all over Twitter amongst notable users like @timothysykes, @stockplaymaker1, and @AngryRed316 talking about it.
At this point, it looks like investors are basing their trades more on chart patterns and less on the company’s solid financial footing. MSP didn’t deliver great news in its latest earnings report, showing quite a large net loss of over $400 million. It’s quite likely the allegations had a role to play in this financial blow. The real question is if MSP can get its act together, start making real profits, and avoid a chapter 11. Either way, we’ll continue to follow along to see how things pan out!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture geralt by from Pixabay.com
Featured
VCI Global (NASDAQ: VCIG) Joins Forces with Microsoft Azure OpenAI: A Tech Revolution Unleashed
VCI Global (NASDAQ: VCIG) is back on the radar with another significant gain of 84%. We wrote about this company just recently in June, where it popped 156% on the announcement of their “Socializer Messenger”. The company is now teaming up with Microsoft Azure OpenAI through its subsidiary, V Galactech Sdn Bhd. This partnership brings together their AI know-how to reshape the world of business solutions, making waves in the tech scene by using Microsoft Azure OpenAI services.
This collaboration is all about meeting the growing demand for tech advancements that are fast, smooth, and globally connected, helping businesses connect better with their customers. It’s also a boost to VCI Global’s AI consulting skills.
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$VCIG we are short 7 a figure position from $8.8
— Benjamin Yo (@short_cap) August 23, 2023
By tapping into what Microsoft Azure OpenAI offers, VCI Global is jumping into the tech world’s fast lane. They plan to come up with some cool innovations, like Generative Pre-trained Transformer 4 (GPT-4) and Microsoft’s new AI-powered chat tool, Bing Chat Enterprise. Plus, they’ll use Microsoft Azure OpenAI’s cutting-edge AI for their projects, including the super-smart AI-assisted sales platform, robosale software.
https://twitter.com/ShortDaPos/status/1694403174566858783?s=20
Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, is very excited about this partnership. He mentions, “We’re thrilled to dive deep into AI innovations, especially with Microsoft Azure OpenAI. We can’t wait to see how this partnership transforms how businesses connect with customers in the ever-changing tech world. The sky’s the limit, and we’re ready to help our clients ride this AI wave.”
About VCI Global Limited:
VCI Global is a versatile consulting group that’s all about helping businesses with their tech and strategy. They give advice on business strategies, help with investor relations, and provide tech know-how. They mainly work in Malaysia, but they also serve clients in Malaysia, China, Singapore, and the United States, covering a bunch of different industries.
If you want to know more about them, just head to https://v-capital.co/.
About Microsoft Azure Open AI:
Microsoft Azure OpenAI is like a treasure chest of artificial intelligence tools and solutions made to help businesses. They offer everything from AI Services to Machine Learning and AI infrastructure, all aimed at helping businesses make the most of AI for their growth and innovation.
We will update you on VCIG when more details emerge, subscribe to Microcapdaily to follow along!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture by Mohamed_hassan from Pixabay
Mobilicom (NASDAQ: MOB), a company providing cybersecurity and reliable solutions for drones and robotics secures its largest order to date from Teledyne Technologies Incorporated (NYSE: TDY) – shares rocket 123%. $TDY is one of the world’s largest manufacturers of small-sized drones and robotics.
Overview:
This $19B Tier-1 customer has now incorporated Mobilicom’s SkyHopper PRO into its latest small-sized drone platform. This is yet another testament to Mobilicom’s systems as they have already successfully integrated into 44 design wins by various drone and UAV manufacturers.
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More importantly, Teledyne has made significant progress in transitioning from the design phase to production and commercial sales with the U.S. Department of Defense. The company’s latest purchase order appears to reflect only the beginning of potentially multiple recurring orders as they prepare for their first-ever production order for the U.S. DOD.
“As Teledyne-FLIR continues to win additional orders for its small-sized drone platforms with end users such as the U.S. DOD, other federal agencies, and commercial customers, Mobilicom is well positioned for more sales of its Skyhopper Pro,” stated Mobilicom CEO Oren Elkayam. “We see the sales of these systems to the U.S. DOD, one of the largest and most selective procurers of technology, as a strong testament to the excellence of Mobilicom’s market-leading end-to-end solutions.”
$MOB picture perfect daily chart breakout long pic.twitter.com/iotFuWEKfz
— AT09 (@AT09_Trader) July 10, 2023
About SkyHopper PRO:
The SkyHopper PRO is a communication system for drones that ensures secure data transfer. It offers a number of advantages and customization compared to competitors, here’s a quick overview:
Cybersecurity: Prioritizes cybersecurity, ensuring the secure transfer of data between the drone and the ground control station. This feature helps protect sensitive information and prevents unauthorized access or interference.
Reliability: The system is designed to provide robust and reliable communication even in challenging environments. It supports long-range and non-line-of-sight communication, enabling seamless connectivity between the drone and the ground station, even when obstacles are present.
Versatility: Supports multiple transmission modes, including point-to-point and point-to-multipoint communication. This versatility enables various communication setups, such as multi-drone operations and communication to multiple receivers, enhancing flexibility in drone missions.
Industry Integration: Systems have been integrated into numerous design wins by drone and UAV manufacturers indicating their compatibility and suitability for a wide range of platforms. The proven track record of integration demonstrates the system’s adaptability and reliability.
End-to-End Solution: End-to-end solutions for cybersecurity and robust communication. This comprehensive approach ensures seamless integration, streamlined operations, and enhanced overall performance for drone missions.
$MOB nice, market makers back from vacation pic.twitter.com/8pUYs9VUgR
— Jason Rutkowski (@JasonRutkowski3) July 10, 2023
About Mobilicom:
Mobilicom is a leading provider of end-to-end cybersecurity and robust solutions for drones and robotics. They focus on serving global manufacturers in these industries, offering patented Mobile Mesh networking technology and a proven portfolio of commercialized products. With a growing high-profile global customer base, including corporations, governments, and the military, Mobilicom stands out for its outstanding security capabilities and performance in harsh environments. They derive revenue from hardware and software sales, licensing fees, and professional support services.
About Teledyne Technologies (NYSE: TDY):
Teledyne Technologies is a global leader known for its innovative solutions in aerospace and defense, environmental sensing, and digital imaging. The company’s success stems from a strong emphasis on research and development, enabling them to introduce cutting-edge technologies and meet customer needs effectively. With a focus on quality and customer satisfaction, Teledyne Technologies has earned a solid reputation in the industry. Strategic acquisitions have further strengthened their capabilities, expanding their product offerings and market reach. Through adaptability and a commitment to delivering value, Teledyne Technologies has established itself as a prominent player in various verticals in multiple industries, ultimately paving the way for the company’s current $19B stature in the market.
We will update you on MOB when more details emerge, subscribe to Microcapdaily to follow along!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture by Pexels from Pixabay
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