Good Vibrations Shoes Inc. (OTCMKTS:GVSI) jumped up another 50 percent to $0.0135 this morning after initiated coverage on it. Looks like was not compensated for today’s awareness. It is the same promoter that originally brought GVSI to investors and traders attention that caused the share prices to more than double.

The buzz

Earlier in March, Good Vibrations reported that it has submitted with the FINRA and state of Nevada to alter its corporate name to “Long Beard Breweries, Inc.” as the firm adapts the craft beer or micro-brew business model of its lately bought subsidiary firm, Long Beard Brewing Co. The company is prepared to commence establishing the world’s next leading craft beer brand.

Crossing various legal hurdles and making through the mountains of red tape required to establish a commercial brewery, the subsidiary firm is on the path of planning to build out its ‘Long Island’ brewery and tasting space, and more importantly to launch its first beer batches as a commercial brewery once the Federal Government processes the appropriate licensing for the company. If all goes as planned the firm could be placing out its brew in time for summer.

The management speaks

Paul Carlin, the CEO of Good Vibrations’ subsidiary, reported that they could not be delighted with the achievement so far. The approvals are coming in because they spent the time to achieve everything the right way, and they are confident the last concluding steps will be completed quickly enabling the company to begin performing what they admire, making great beer.

Now when Good Vibrations have a level of certainty on the project approval, they are submitting the name change application. As a first part of public equity strategy, the company intends to develop a share structure that will enable liquidity for new investors, and at the same time will protect existing shareholders.