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did anyone still have contact info for who has charge of this shell ??
anyone have a rumor or 2 for the board ? pretty quiet here !!
very true, someone has to protect the innocent and gullible from the crap spreaders
know any?
if you follow the money,, this in my opinion, goes back to a old topic,,, NSS,,, if they kill all these co.'s ticker symbols , which they have been doing, then no one who sold them short ever has to cover ,,, IT IS HUGE overall and they are whittling away at a big market problem ,, a big financial, potential, huge problem,,,,
In ALL instances it is the public company's absolute responsibility to protect their registration. All Wherify had to do was file their very delinquent Financials.
They didn't.
Wherify is 100 % to blame for their dereliction to file even unaudited Financials to avoid the Suspension and subsequent revocation.
That isn't Nite's fault or anyone else's fault. It was Wherify's fault.
The SEC cannot retroactively protect past and current shareholders but they can and will protect potential investors; not much different from a Court sending someone to prison to protect the rest of society despite not being able to protect the original victims of the crime(s).
after reading the underlined portion below,,, someone, anyone, tell me , how does eliminating the ticker symbol protect us ,, maybe it protects us from the MARKET MAKERS ,,, and their manipulation,,, consider, the amount of NSS out there on this stock and others , , they don't have to cover now ,, we know where and who benefits from that , probably the biggest culprit is NITE
As a result of the foregoing, Respondents have failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. Considering these delinquencies, it is necessary and appropriate for the protection of investors to revoke the registration of each class of registered securities of Respondents.
this should have had sec communication,,, so who is or was in charge and didn't communicate ,,, NOW THERE IS NO TICKER AND WE ARE SCREWED ON OUR INVESTMENT,, SOMETHING CAN STILL BE DONE TO RE-INSTATE THE TICKER ,,, anyone have a line on who to talk to ?????????????????
Wherify (CIK No. 1051902) is a void Delaware corporation located in San Mateo, California, with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Wherify is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-KSB for the period ended June 30, 2008, which failed to provide any financial statements, and was materially deficient. As of May 14, 2012, the company’s stock (symbol “WFYW”) was quoted on OTC Link, had ten market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
"somebody has to do it"
TGIR
Thanks for the imput, Renee. And to the friends on this board , we knew it was coming and really no surprise.. Better luck next time.
Lucknut: Posting SEC Suspensions and revocations is a task I chose to undertake a few years ago when suspensions were selectively and / or randomly posted. Too many I-hubbers had no idea the extreme risks they were taking in investing in previously suspended stocks simply because they did not know about the suspension. Then the stock would be subsequently revoked and those who bought shares after an Sec Suspension and who had not known about the Suspension experienced losses that were preventable.
It is a task I dislike doing because I know that real people will be affected, but it is definitely a necessary task.
Sincerely, BEST of luck to you and all others who have been caught in an SEC Suspension and subsequent revocation.
Thank you for the information although it wasn't what I was waiting for.
I know we need help in a big way, and soon.
right here , all the info you want
http://www.otcmarkets.com/stock/WFYW/company-info
donit, is there a site we can go to and monitor info on these stocks??
just on grey sheets for time being,,, ,, but if someone doesn't communicate with sec then the sec will come along later and eliminate ticker symbol.. no idea of time frame for that ,,,
They had six years to find a merger, no urgency then, so what's differant now ??? Hey, I've been in since 2000 and I'm sure not going anywhere now. It just seems the big boys would have acted a long time ago If that was their intent.
Mergers still possible....symbol not eradicated.
Note the SEC commentary.....temporarily suspended trading. So in light of everyone's comments here on the board, looks like we still have a shot at recovery.
the stock can still trade but only in grey sheets ,,, trades have to match bid and ask to happen and mm's don't p[ost any pps , , makes it slow ,,, someone needs top do some filings ,, this one and 400 others ,,
doinit , hopefully this board will stay active for now. It'll be easier to bring our information here to chat about.
with new reg.'s and eliminating lots of "shells" the value of a shell corp. goes up... to what , a 150k-200k or more ,, this will happen ,,, it's worth auditing expenses etc. to bring it up to date ,,, someone in charge needs to move on this
doinit, Thanks for the information but it seems unlikely that they would take any initiative at this point unless their closer associates can pressure them in someway. From what I've heard on this board from others there is substancial investments here.
new regulations from about a year ago makes re-instatement a major paperwork hassle
after the 10 day halt, they have a 6 day period to communicate or it gets real hard to remedy this
Most recent quarterly report 2008.
yes, sec lagged a little but got this one too
not nuked yet ,,but someone needs to do something soon or get crapped on by sec ,,
shareholders always suffer whenever any action against co.'s
INVOLVING REGAINING STAUS,,,,another one i am involved with was suspended due to action by sec against the t/a ,,, took them 6 months and lots of hassle and paperwork and money for fees to regain filing status
Well, there are some hopeful thoughts...!! I guess this is the reality of them being lax about their filings. And I thought someone on this board just commented about them keeping their Filings up to date. OK...so it will be what it will be.
no. q's and k's will not get the stock off the grey market. they will have to complete the 15c2-11 application, find a market maker to sponsor it, and then submit it to finra for approval. it's a long process and very seldom happens with suspended companys.
Lucknut....all of us investors can all sweat it big time because all of our stock will be rendered worthless unless they get their filings up to date.
Bilachos, Those big apes you've mentioned from time to time are sweating it big time. Maybe they'll have some influence.
Lucky....essentially we are in the same thought process. Mine was if they become compliant and reactivate their filings, can they return to Active Status...meaning, Ask Bid Sell....sounds like they can from your description of what will take place.
i'm not understanding your question. active status? here's what happens. after the suspension is over, trading will resume on the grey market. no mm's, no bid and no ask. matched market only. if wfyw doesn't become current with their filings, the sec will then sue to have it's registration revoked. lately the sec has been moving quickly in that area and revocation has been occuring within 1 to 2 weeks. once revocation occurs, the stock symbol and the shares of stock become invalid. it's not good news for shareholders.
Not sure how that all works. Does WFYW have to become compliant in order to maintain active status, or, are they nuked..?
oooooh, maybe not.
I guess that's all folks .
WFYW SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67050.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2012/34-67050-o.pdf
ADMIN Proceeding:
http://www.sec.gov/litigation/admin/2012/34-67051.pdf
Doinit....that is a very good sign. No one would do that unless they saw life after death. This baby died a long time ago...but could see a comeback with what you are seeing in maintaining active status.
yes, no loss of ticker here,,,recent halt of 391 co.'s by sec, 379 in one day 12 the next, for not reporting , didn't get this one ,, halt was for not reporting status ,, someone is doing the sec filings here and keeping it current
Just waitin for a merger or acquisition or something with our long enduring company.
bilachos, what's shaking ??
Hey everyone....something kicking in here with an accelerated ASK of .0015.....note the ASK has been at .0009 for many weeks. This is a significant jump up, do not know why...??
Hold on the best your can.
When they announce Chapter 11, then and only then will I join you. Until that time, I still await the train. Lost too many $$ to walk away now. And note, the Market Makers have not budged off of their Asking Price in many many weeks.
Time has run out on this this thing . Nothing will ever happen here. I've been here for seven years and its over. I so sorry i stuck so long.
Honestly GoFY....I only hear what others rumor about in the big brokerage houses. Not a one of them knows for sure...and I don't know anything for certain. I just have found it strange that after all these years, no eradication of stock symbol and no Chapter 11. That tells me there is still life after the death of this stock. That's all I can tell you.
Bilachos, I know you've rubbed elbows with the "Big Apes", so come clean with what you know.
In truth, who the heck knows anything for sure. I certainly don't know anything, I only listen to the same rumors that you hear....and then like everyone else, only speculate. My theory always has been when a stock does not forfeit any assets or any other valuable business entities....and doesn't go Chapter 11...there must be a reason. So after so many years of so much lost $$...I can only hope like everyone else. So, for some wacky reason, they continue to stay alive. Fingers crossed for one day to see a recovery.
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