Wisdom Homes of America Inc (fka WOFA)

[Zorax]

Thanks Renee. A couple reasons I asked is some old time mentions that even I haven't checked on. One, It's been bantered about that a revoked ticker can be traded in a private sale, or a broker can look for another broker for a fee? I'm going to assume this is probably from the big boards that trickled down to otcm pumpers here. Two, FKA stocks can still be traded?

I've had two years ago during a broker buying other brokers spree, 5 or 6 of my penny junk be deemed worthless and they started to remove my stocks from my account. Not revoked or delisted. In the same notification letter they stated in small print, should any buy/sale action happen with the removed stocks, the broker is not responsible to pay any compensation.

Thought that was very strange and sent them a couple of letters that I would sue them if they didn't cease and desist taking my paid for stock. They actually stopped removing the listed stocks and returned a couple with the fees they were charging. I didn't even send them lawyer letters, just that I had a personal lawyer looking at it. This was scottrade, which sold to someone who schwab bought out.

[Renee]

The % is infinitesimally low.....like maybe 5 or 6 stocks out of over 4,000 deleted symbols/tickers. When the SEC revokes a company's stock registration those companies just die, usually. And for Alternate reporting OTC issuers with deleted symbols/tickers those companies were either scams or simply not worth regaining compliance to Rule 15c2-11.

[Homebrew]

I wonder what the % is.

In extremely rare instances a company may reregister with the SEC or a formerly Alternate reporting OTC issuer may get reinstated by FINRA where a symbol/ticker would be reassigned to those companies......so those companies' stocks may be traded again IF the company finds a Market Maker to sponsor the stock for trading by filing a FORM 211 to FINRA.

[Renee]

Hi back atcha, Zorax. The only time that shareholders lose their shares is when a Judge, typically a Bankruptcy Judge, cancels the equity/shares. Those shareholders would have a nominal record of the shares they once owned so that they can record the losses on their tax returns.....but those shares no longer exist in any capacity whatsoever.

In all other instances when the SEC revokes an SEC registered company's stock registration FINRA deletes the symbol/ticker, but the shares still exist without a symbol/ticker. The same applies to Alternate reporting OTC stocks (ie., not registered with the SEC) where FINRA can delete the symbol/ticker for trading inactivity. Those shares also continue to exist but do not have a symbol/ticker. That means that although the shares exist the shares cannot trade on any public market.

The only options available for shareholders of shares that exist but do not have a symbol/ticker is to sell those shares to that shareholder's Broker.......usually the entire holdings for one cent to remove those shares from one's portfolio. In the old days shareholders could ask for their shares in paper certificates and could either sell them privately or as the old joke would say, use those paper certificates as wallpaper. In extremely rare instances a company may reregister with the SEC or a formerly Alternate reporting OTC issuer may get reinstated by FINRA where a symbol/ticker would be reassigned to those companies......so those companies' stocks may be traded again IF the company finds a Market Maker to sponsor the stock for trading by filing a FORM 211 to FINRA.

[Zorax]

Hi Renee. Just a question. I read your SEC board all the time, but it's premium so I'm asking here.
With wofa, as others on your list, appears to have been halted in the recent past, if one owns a million shares, they now still own the shares but as a private issue, correct.
In what way is the stock tradable now?

Given that 95% of the stock you list are scams and most certainly are not going to buy your shares back, what can a owner of now private shares do?
I own no stock in this example, but have been there in the past.

Thanks for all you do.

[Penny Trades]

Just shows James (Jim) Pakulis lack of leadership, the man can’t manage himself.

This is what you need to look out for in penny land, dirt bags like Jim Pakulis.

O well it’s a write off, thanks for the memories Jim Pakulis, you are as sleazy as they come!

[Renee]

Wisdom Homes of America Inc would need to file a FORM 10 with a minimum of 2 years of audited Financials to reregister with the SEC. Without the FORM 10 the company will not be able to trade on any public market. The company is now private and the ticker (WOFA) no longer exists.

[ipiros]

What needs to be done to get current? File an S-1?

[Renee]

WOFA SEC Registration revoked:

https://www.sec.gov/files/litigation/opinions/2023/34-98717.pdf

[Penny Trades]

Don’t know why Dumb Ass “Jim Pakulis” just didn’t sell the shell company.

This guy should have been prosecuted long ago for announcing he was going into the cannabis business with Wofa and left investors hanging then wound up doing transcanna on the Canadian stock exchange.

This guy is a dirtbag!

[Renee]

WOFA: SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/litigation/admin/2023/34-97637.pdf

[Penny Trades]

Gonna be rich!!! Lol

[BefallenKnight]

Looks like 3 million shares traded today?

[Penny Trades]

Did I hear WOFA is back???

Na just a dream, d bag Pakulis still holding shell!!! Lol

[Penny Trades]

Not with this d bag CEO

[ipiros]

.0001?

[ipiros]

Volume???

[ipiros]

Will this trade again?

[ipiros]

Volume??

[Penny Trades]

Oops shell

[Penny Trades]

Still nothing happening here huh?

Yoooo Jim Pakulis, get your sh:t together buddy!!!

If your not gonna do anything with this she’ll then sell it!!!

[peace_money]

Beware of this stock. Please beware and don’t invest in this scam.

[ipiros]

Any updates on getting current? Three weeks to delisting. WTF!

[Penny Trades]

It’s about time for a little WOFA love!!!

Us long time loyal shareholders need love too!!! Ha

Let’s get in the game!!!

Let’s go Jimmy P, put me in coach I’m ready to play today!!!

[Penny Trades]

Is he ever gonna use the WOFA shell for any of his ideas? Lol

[Penny Trades]

Hey BefallenKnight, if you want to contact Jim Pakulis about your idea of buying the WOFA shell you can contact him at
Booshfood dot com, he’s CEO there, let us know if you get an answer! Lol

[Value_Investor]

Thanks, I see! Right now as I known there is nobody (except MM) who could buy a "Caveat Emptor" stock (such as "Grey-Sheet" WOFA and its "Pink-Sheet" peer IFLM) through E-Trade, TD-Ameritrade, Scott-Trade, Charles-Schwab, and Fidelity! I'm not sure if any other firm(s) allow their clients to buy a "CE" stock? Please let me know if you know any firm, thanks in advance!

Anyway both WOFA (787M shares OS) and IFLM (585M shares OS) are Dirt Cheap now --- at the Bottom 0.0001! Should the individual investors be able to buy them again sometime in the future their price will explode immediately based on their Tiny OS and float counts...

[714]

$$$$ Green $$$$$

[714]

When I got my shares, I got the through Ameritrade

[714]

When I got my shares, I got the through Ameritrade

[Value_Investor]

Which brokerage firm allow you to buy a "Caveat Emptor" Expert-Market (i.e. previous OTC "Grey-Sheet" market) stock (such as WOFA)? Thanks in advance for your serious true answer! Is this firm in the USA? How many dollars for trading commission fee?

As I known even those Much-Better-tier "Caveat Emptor" OTC Pink-Sheet market stocks (such as IFLM) is not allowed to buy for many popular firms (such as E-Trade, Ameri-Trade, Charles-Schwab, Scott-Trade, and Fidelity etc.)!

[BefallenKnight]

Time for WOFA to ish or get off the pot.
SEC cracked down on Stinky Pinks like WOFA and has restricted brokers from allowing clients to trade delinquent OTC junk.

If WOFA doesn’t get their act together by September you can kiss this one goodbye.

[Paydro]

Probably will keep it on a watchlist for now

[BefallenKnight]

I have not seen that
WOFA is on the Caveat Emptor list so a lot of brokers won’t allow buying. The company has regularly updated their share structure so I wonder what the next move is here......I’ve heard some rumors but nothing worth posting because it would come off as a P/D

[Paydro]

Thank, Interesting if you put the ticker in to trade it comes up as Wideletionom Ho ?

[BefallenKnight]

Probably Market Makers Clearing Orders
Not much left here after the unwarranted SEC action but I did hear something about a Shroom Boom that might involve a WOFA restructure. More to come....

[Paydro]

Interesting tiny bids yesterday

[ipiros]

Was heading to .01 before they hit us on the head with the fake pump that never happened.

[jeffhortons]

nothing.....

[BefallenKnight]

Haaaaaa. Ok no
So you’ll make the effort to type 3 vague messages along with some insults but won’t make the effort to clarify or elaborate?

Yeah, no thanks for that info and no need to follow up on garbage like that.

Thanks for playing.
Buh bye

[Benfica88]

Call the transfer agent yourself .. name and number is on the otc market group profile . You see I don’t sit on my ass and wait for things to be handed to me .... I earn it ! Do some real DD and you will have your answer buddy

[714]

Added cheap ones yesterday!! May add some more today.....

[BefallenKnight]

Care to elaborate.
Transfer agents don’t typically use the term “dead” especially when verified only a few months ago. WOFA is still traded so it’s not dead. Another stock I follow was suspended but is up 500% since the suspension and that company has be dark way longer than WOFA.

[Benfica88]

Never mind , just spoke to the transfer agent ... its dead ... officially

[Benfica88]

Can someone confirm when did the transfer agent get verified?! Has that been there for a while or was it recently updated ?

[Makindabakin]

WOFA is coming back! Poised to ??

[ipiros]

Back to nothing. Thank you SEC for LOOKING OUT FOR US INVESTORS!

[Nistel]

Well at least they now also took one down from 'the other side'.

I can only applaud that.

https://www.sec.gov/litigation/complaints/2021/comp-pr2021-46.pdf