This morning the Good Vibrations Shoes Inc’s (OTCMKTS:GVSI) stock has soared by as much as 75% after George Sharp, who is known for exposing fraud on OTC markets, sent out a tweet regarding the company.
Sharp tweeted that his attorney is in the process of filing for custodianship of Good Vibrations on his behalf. However, he also added that investors need to note that there is ‘incredible risk’ and the application could in fact be denied. Additionally, Sharp said that there was the possibility of finding ‘really bad skeletons’ as well.
However, his involvement has led to a lot of optimism among investors about the Good Vibrations stock and it now remains to be seen if it can continue to rise on the back of such speculative trading. At this point in time, Good Vibrations doesn’t have any business to speak of, however, it plans to go into the business consulting space or perhaps merge with bigger companies.
That being said, it might also be a good idea to take a look at the company’s past. Good Vibrations used to own a brewery through its subsidiary company Long Beard Brewery Company. It owned microbreweries in Long Island in New York. While not much is known now, investors need to keep a close eye on further developments.
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