Canadian authorities have nothing to do with this, it is a US OTC stock. If you familiarize yourself with the OTC group you will see that there is no requirement on reporting which is why the stock is still trading even though the company has been "dark" for well over a year now with no filings. This isnt uncommon amongst OTC's.
That being said, yes, it doesnt make any sense. When I got involved in this stock it was because I thought this company was different from other OTC pump and dump penny stocks, and had potential. Normally I would only trade on NASDAQ, but this Co. I thought had the potential to move off the OTC. There are plenty of small companies similar to LWCTF with m-caps under $20M that trade on the NASDAQ. All that it requires is increased regulatory compliance (audited financials on time and transparency). That is the only real difference. It is really a simple thing that many companies do, yet LWCTF seems to be so hell bent on hiding things. Why and what are they hiding by going dark?
Never did I expect the equivalency of a bankruptcy, as that is what a fall from $0.10+ to $0.003 is. In fact I can name you a dozen companies that are in bankruptcy that have been delisted from one of the major exchanges down to the OTC market and still trading volume and trade higher than LWCTF. That is the reality of how bad this is. There are no buyers, and no liquidity. The market cap of this company is barely above half a million, far less than the contracts that LWCTF claims its subsidaries get.
So why tank your own company? Only Scott can tell us that. You cant blame short sellers, this stock has had no short interest in years. Even if he hates the shareholders because they complain on a message board(every publicly traded stock has that), what possible benefit can there be of being the CEO of a $0.003 penny stock that discloses nothing to its shareholders? That must be embarrassing to a degree. Sure they have their appraisal for $180M or whatever from 2013, but from a liquidity perspective, the company is worth less than $500,000 as that is what the market is willing to pay for the shares. There are half a million shares for sale right now for $0.0035 that no one wants. That is kind of hard for a lender or anyone else to ignore. None of that makes sense.
I am sure many of us would help in any way possible if given the opportunity. I spent a good deal of time putting together the Intro information posted above here when I was moderator for this board to educate people.
Going forward, I am not real sure what we can expect. In my opinion this could be turned around with the following:
1. Coming current with audited financials
2. Merging with a company already listed on the NASDAQ. There are websites out there with listings of companies you can buy just to get listed on NASDAQ. Unfortunately the Low Carbon brand and LWCTF ticker are done for as it is hard to move past being a $0.003 OTC penny stock with no reporting or compliance. A complete rebranding is needed here.
3. Spend a few bucks on a professionally done Website instead of a DIY template. Post photos from projects like the mitigation bank to show the project and progress is real. Show company trucks on job sites working on these big contracts. Posting these unverifiable claims of multi-million dollar contracts when you provide either no financials or un-audited financials will always leave people questioning or looking for proof because you just cant trust anyone at their word anymore.
Thats all for my rant now. Good luck to you all, I really wish you the best.
AI
