Good Vibrations Shoes Inc (OTCMKTS:GVSI) Is Today's OTC Focus

Good Vibrations Shoes Inc (OTCMKTS:GVSI) is undergoing a transformation. Back in January, the company signed a deal to acquire Long Beard Brewing Co., an up-and-coming "Micro-Brewery" or "Craft Brewery." As part of the deal, former wholly owned subsidiary, Vindai Corporation was sold back to its founders, and the Long Beard Brewing Company became the controlling entity as a subsidiary.This was a smart move for GVSI as "Micro breweries" or "craft breweries" have been growing tremendously in the past several years, and more recently several breweries based in Long Island have gained national and even global notoriety as more and more beer drinkers are preferring the full flavored craft beer over the mass produced variety. Based in Riverhead, New York, Long Beard Brewing Co. occupies a former firehouse, which will include a 4000 sqft brewery and a 900 sqft tasting room.In March, GVSI filed with the state of Nevada and FINRA to change its corporate name to Long Beard Breweries, Inc. as the company adapts the growing micro-brew or craft beer business model of its recently acquired subsidiary, Long Beard Brewing Co. GVSI said "Now that various corporate housekeeping items have been completed in preparation of the change, the company is ready to begin building the world's next big craft beer brand. Jumping many legal hurdles and wading through the mountains of red tape necessary to set up a commercial brewery, Long Beard is now on the path of preparing to build out its unique Long Island brewery and tasting room, and more importantly to start its first batches of beer as a commercial brewery once the appropriate licensing is processed by the Federal Government. If all goes well the company could be putting out its unique brew in time for summer."The company was waiting to file the name change amendment until there was a level of certainty that the project would be approved fairly soon, and now since that is the case, the process of formulating a public equity strategy can begin. The first part of that strategy is to create a share structure that allows liquidity for new investors while protecting existing shareholders. As part of this strategy some shares will be issued to the two principals of Long Beard to assure they maintain control of the company, but since those shares are issued to insiders they will not be free trading for a minimum of a year, and even then their sale will be highly restricted.GVSI also said that "Its also important for shareholders to note that the company does have a small amount of convertible debt on the books, and may need additional funding in the future so for Long Beard to become a major success some dilution may be necessary at some point. With that said, the officers of the company want to assure shareholders that they understand the need to keep the number of shares outstanding as small as possible to avoid diluting existing shareholders. Management is confident that because of the company's great recipes, industry expertise, and undeniably perfect geographic location, that Long Beard Brewing can make a real impact on the market and the industry."GVSI has become a favorite pick of the Epic Stock Pick Group, which includes Stock of the Week and Wolf of Stocks. As they said in their recent email, "With GVSI's potential Brewery launch only a few weeks-months away, and with a potentially big week ahead, there may be no better time to check out this growing Micro-Brewery company! Here's what we hope to look forward to this week: A potential Chart Breakout into New 3-month Highs, News of a Name-Change, and News of a Liquor License." We will be updating Insider Financial as soon as we know more. For continuing coverage on GVSI, sign up for our free penny stock newsletter today and get our next hot stock pick!Disclosure: We have no position in GVSI and have not been compensated for this article.