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WSYS SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72263.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72263-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72264.pdf
Waiting for you. Hit big though.
Anyone gonna hit the ask? lol
When is the R/S supposed to take place? Got that info in the mail a month or so ago.
This is a little of the INFORMATION STATEMENT:
"Our Board of Directors, by weritten consent dated as of January 13,2010, approved the Reverse Split; 83,9% of our shareholders also approves the Reverse Split by written on January 13, 2010.
The Board of directors seeks the right to implement a reverse stock split on up to a 1 for 100 ratio. A reverse stock split will reduce the number of outstanding shares of our common stock by reclassiifying and and converting all outstaning shares of our common stock into a proportionately fewer number of shares of common stock.
This action would also result in a relative increase in the available number of aurthorized but unissues shares of our common stock, because the number of shares authorized for issuance is otherwise unchanged by the split. Each stockholder's proportionate ownership of the issues and outstanding shares of our common stock would remain the same, however, except for minor changes that may relult from additional shares issues in connection with fractional shares.............."
"There are 48,200,927 shares of our common stock issued and outstanding......."
I will type some more of it at a later date.
Yeah, I got that in the mail not too long ago ... maybe it'll increase liquidity.
WSYS is going to have a reverse split. 1/100
It is very late here. I will update soon.
Perhaps. But the day of WSYS is coming....stay tuned.
Maybe a little.
I want to wake up some day this week a see a big fat juicy PR in the box on WSYS about some super fantastic scrupdilisious super money making hot sexy sector that they are RM'ing into.
That's not too much to ask is it? Lol
Big time. I've emailed Byron Grant.
Evidently the hunt is still on for a RM.
Should hit some radars tonight ... my account took a huge jump after that buy
I'm rolling on the floor.... Lol
lmao ... to the moon!! huge buys coming in : )
6000x.0045=$27 All that time the bid has sat at .03 last month and now they sell $27 worth at .0045.
It never ceases to amaze me....
Someone needed lunch money
Looks like "no reasonable bid" vs "no reasonable ask".
By the way.(for anyone else reading this also)
I contacted Byron Grant...yes, it was him, and ask wasssup?
Didn't put it like that though....
He refered me to Louis E. Taubman of
http://www.tripointcapital.com/
who basically said it he can't dicuss anything..
Ohh well. At least I know it's the same the guy I found on the internet.
Nutty spread here.
Havn't seen one like that in awhile.
Float has to be low as the guesstimate.
If it were not someone somewhere would step down that ask.
Am I missing something?
.005 x .50 lmao, what a spread
Lol. I was wondering who that was. My gut tells me we hear something soon.
But then again it might just be the chili dogs I just had.
So funny. I knew the past month and a half was just a chart paint. I wonder if they are depressed or surprized that no one paid .14?
Lol
$45 buy and sell. They must have needed money for the Thanksgiving turkey.
WSYS----the time approaches......
Don't get too excited, I just felt like posting something here and thats the only thing I could come up with......
I do not doubt it sir. This is incredibly thinly traded. Float is non-existent it seems.
When we get a PR. This baby could see .50 in no time flat in my opinion.
This one will have to be taken slowly like a fine California Merlot. Sipped. Not gulped.
Can't get overly positive or negative.
I would think that the best we can hope for next week at most is a few more bids in the .03--.045 range.
And for the ask to be brought back down to realistic levels.
Between .03 and .045 (?)
The best example I have is HCEI.
Very low float. WSYS float may be even lower.
HCEI traded with hugh swings until BAM! it took off on high volume with a little news. Look at it's chart and history.
HCEI has float of 6,514,610 as of Sep 25, 2009
WSYS float is unknown exactly but has 11,948,445 issued and outstanding as of July 31, 2009 and 1 creditor owns 75% of issued and outstanding shares.
WSYS float? Must be much lower than 11,948,445 if he owns 75% of them. I would take a guess at between 4mil--6mil
HCEI has a SKULL AND CROSSBONES on pinksheets.
WSYS is current on filings and has PS(Pink sheets Current)beside symbol.
You know how much money HCEI makes? No one does. If any.
WSYS is not a company(yet) and makes nothing either. But they are at least honest about it and are staying current while looking for a RM.
HCEI trades at .69 today.
These are just thoughts and comparisons.
Feel free to poke as many holes as you want in my reasoning.
Afterall, this is just an experiment.
I was hoping someone else would catch this being up now and maybe slap the ask some more. Doubtful, but we'll see where Power Hour takes us. No other trades besides my two and the 100-share @ .14
The same thing entered my mind. Might as well look on the bright side, least they aren't cheepie MM's!
I'd be shocked if they or someone else "out there" didn't come down and hit your bid by EOD.
Well, it was only a 100 share trade. Personally, I believe it's NITE trying to get some higher bidders. He was at .045, then moved it to .14 for the 100 share trade apparently. Wouldnt be surprised to see him pull it back EOD. I upped my bid to .03 from .028 letting him know if he wants to play ball, he's gonna have to come down
I can assure you it was not me! Word of honor.
Eeks, wasn't me. Who went and spoiled my party? Was still trying to accumulate!
Low float to say the least. The shares seem to be tied up in very tight hands. Looking at L2, tells the story. I see NITE at .045 (he was at .03 when I was buying), then DOMS at .15, and lastly AUTO @ $2. Incredible thin, and with a little buying pressure (PR would set this into motion), we could easy see dollars. I was only able to start a small position (10K shares). But I will wait to see if NITE drops his ask back to .03 in coming days. Then, I will slap it some more. Otherwise, I'll probably do some bid sitting for the time being and slowly accumulate
kuwlness, Very glad to see you here. I think you are spot on.
With this low float just a little spark will set the blaze going.
They are keeping current filings. Which is excellent news.
Last was Financials back on Sep. 25. and 10-Q Sept 18, 2009
Any development of steps toward a RM should set it ablaze.
Best case scenario is the RM will be one that is very promising.
We may have to wait for it a while but I feel strongly that things are going on behind the curtain and we will find out soon enough.
A very small amount here could possible pay off huge in due time in my opinion.
Hey boys, I joined the party today. After some serious DD, this is ready to go IMO. PR will set off the fireworks for sure.
We will be laughing all the way to the bank when the next PR comes.
Can you say: "Risk Reward ratio"? Lol
Yep and the "creditor" basically can do what the heck he wants.
And what he wants to do is to...........shhhhhhhh......still secret.....that's why it's called an "experiment".
75.2% controlled by a creditor about 36 Million shares and it look like the O/S is 48,208,087 @ .03 =$1,446,242.
Yup. Just got a starter of about 15,000 shares.
Yeah I'm holding to. Nice to see you here Van.
Havn't noticed anyone buying. You must have snuck in.
Thanks. Looks like like one mans work is another mans play. Doing well. For the most part sitting on the side lines except a couple small plays. I am still in shock at my LIONS winning a football game. LOL
lionsfan55, how are you? Hope you are having a great day.
What work is that? This is easy. Lol
Looks like your CYSG is doing well. Congrats.
Keep up the good work. :)
Little bit of voulume today. This one has so much further to go in my opinion before it even gets noticed. It is still early in the embryonic stages.
"Byron Grant (the "Investor")
with an address at 9045 NW Kaiser Rd, Portland, Oregon 97231."
From the last 8-k 17-Sep-2009:
"On September 11, 2009, we entered into an Exchange Agreement with our largest creditor to exchange approximately $725,000 of debt in consideration for 36,252,482 shares of our common stock. As a result, the creditor has become our largest shareholder with roughly 75.2% of our issued and outstanding common stock."
I've Googled all over the net and found a few Byron Grants.
The following one is who I believe is most likely the Byron Grant who is now the largest share holder of WSYS common shares.
"I think" this Byron Grant(largest investor/creditor) is the owner of Golf Scorecards, Inc. and the officer, director of the WRG Foundation. And this is only what I have found so far about him.
Evidence:
Address of largest investor as stated in last 8-k:
9045 NW Kaiser Rd, Portland, Oregon 97231<-----[b}Notice the Zip Code
Now look at the Zip Code of the owner of Golf ScoreCards, Inc. from the top of this website:
http://watchdog.net/contrib/97231/byron_a._grant Owner of Golf ScoreCards
It is 97231----------------->But not a full address unfortunately. Quite a coincidence nonetheless I would say.
Like I say. This is not concrete, but strong evidence as far as I am concerned.
Now here is where I think the concrete gets a little harder.
The Byron Grant, officer, director of the WRG foundation, a non-profit org., HAS THE EXACT ADDRESS minus the post office box number, as was given in the 8-k:
WRG FOUNDATION
9045 NW KAISER RD
PORTLAND, OR
97231-2730
Address from 8-k;
Byron Grant (the “Investor”) with an address at 9045 NW Kaiser Rd, Portland, Oregon 97231.
Link here: http://watchdog.net/ein/133407905/wrg-foundation
The concrete is getting harder that this is the same Byron Grant.
Now even "if" this is the same Byron Grant, and it "appears" that it is, we can not be sure at all that it is Golf ScoreCards Inc. or something to do with the WRG Foundation that he wishes to bring public. I have no idea and can only speculate. I have also found this name associated with a few medical fields as well. Still digging on that and will get back later.
We know that a non-profit can not go public. So that is out.
So even if it is Golf ScoreCards for example that he wishes to bring public, and there is no evidence to support that fact, I have absolutely no idea the value of such a Reverse Merger as it would relate to share price. I just don't understand RM's that much. I do believe the shares will trade higher than were they trade now if this is the case though.
Keep in mind Golf Score Cards and the WRG foundation are the only two connections to this name and address that I have found so far. There may be more. I am digging.
Byron Grant--from largest creditor to largest issues and outstanding common stock share holder.
From the 8-k filed Sep. 17 2009:
"On September 11, 2009, we entered into an Exchange Agreement with our largest creditor to exchange approximately $725,000 of debt in consideration for 36,252,482 shares of our common stock. As a result, the creditor has become our largest shareholder with roughly 75.2% of our issued and outstanding common stock."
The above is all public knowledge.
Go to pinksheets.com and read the filings.
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It is always my desire that we can ALL make money and enjoy the good life.
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WSYS.PK
And by the looks of things it will stay there. Why do I say this? Because they continue to file even though they have no business. They do this in my opinion because they are seriously looking for a RM and not just blowing smoke.
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Share structure as I know it:
The actually float can only be estimated at less than that.
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Florida Atlantic Stock Transfer, Inc.
7130 Nob Hill Road
Tamarac, FL 33321
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Now from the last 17-Sep-2009 8-k:
"On September 11, 2009, we entered into an Exchange Agreement with our largest creditor to exchange approximately $725,000 of debt in consideration for 36,252,482 shares of our common stock. As a result, the creditor has become our largest shareholder with roughly 75.2% of our issued and outstanding common stock."
I would say float is lower than the 11mil wouldn't you? Small for a sub-penny. Very small indeed. The exact float is a mystery. I don't know....you don't know. If you do and want to fill me in, then by all means let me know. I'm humble. I'll post it. As of yet I can't find that info.
This largest investor is:
"Byron Grant (the "Investor")
with an address at 9045 NW Kaiser Rd, Portland, Oregon 97231."
I have Googled the name quite a few times and came up with a few leads. None of which I feel confident enough to post here.
What can be said is that this Byron Grant owns a very nice peice of the pie of this shell. So. Mr. Grant stands to profit big if WSYS ever archives this merger. I would say Mr. Grant stands to profit big here if the right merger happens.
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They are in the persuit of a Reverse Merger:
"We are not restricting our search for an acquisition target to any particular industry or geographical area. We may therefore engage in essentially
any business in any industry. Our management has unrestricted discretion in seeking and participating in a business opportunity, subject to the
availability of such opportunities, economic conditions and other factors. Because we have no specific business plan or expertise, our activities
are subject to several significant risks. In particular, any business acquisition or participation we pursue will likely be based on the decision of
management without the consent, vote, or approval of our shareholders. Our future success will be dependent upon our ability to locate and
consummate a merger or acquisition with an operating company and, ultimately, to attain profitability. There is no assurance that we will be
successful in consummating a merger or acquisition with an operating company or that we will attain profitability."
No one knows how long this could take. No one. May be a year or two. May be tomorrow.
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"We are in the process of locating a suitable merger candidate to enter into a reverse merger to continue business operations. Currently, we have no operations."
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From the 8-k filed Sep. 17th 2009:
After the merger(when and if comes) WSYS or so called now, will turn out to be a totally different kind of company than what it was in the past. With a different symbol. You already knew this right?
Will it have a completely different management team? I don't know. I would think so and hope so.
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Now a little about Reverse Mergers.
Here are several links that can give you at least start on understaning what the heck a reverse merger is. I highly recommend that you read them all.
http://www.reverse-merger.info/reverse-merger-how.htm
http://en.wikipedia.org/wiki/Reverse_merger
http://www.businessfinance.com/reverse-merger.htm
http://reversemerger.dealflowmedia.com/ This is a reverse merger website that had great info
http://www.investopedia.com/articles/stocks/08/reverse-merger.asp I like this article
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