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Yup this used to be a good play
Once Again, the SEC Screws the Little Guys
When has the SEC ever, once, in its history helped the little guys?
Enron, WorldCom.....all those fraudulent companies in the early 2000s.....yeah, the SEC came in LOOOoOong after the scam was exposed.
2009 when the banks and institutions over leveraged their assets and passed off bad loans on the little guys right before imploding the global economy......nobody charged and to the contrary the US government gave trillions away to the perpetrators......
And now here we are with the SEC suspending WOFA for no good reason other than “social media activity”. Never mind that Jim Cramer constantly manipulates stocks via Twitter and CNBC, to great effect often moving stocks 5-10% based on questionable information. Or Barron’s, or Motley Fool, or Yahoo......all who are guilty of specious reasoning behind manipulative media.....
Total bullshit!
F the SEC
Trading resumed, small volume, 0008 now.
Trading today? What a joke it was suspending this one. Was heading to penny land and here we are starting from scratch again.
It would be amazing if this company got current but idk it well enough to form an opinion on if they will or not.
Had a bad feeling the SEC would come down on WOFA too. Got rid of most my shares when they suspended the first group of darkies.
C'mon WOFA give us hope lol
What the hell is going on here. Getting screwed it seems.
Still NG on Etrade also. I tried to buy 1 share just to see what up and got the message "Caveat Emptor stocks are no allowed on this platform" Ive gotten this message trying to buy a few other OTC on ETRADE but never Wofa....soooo I dunno what up.
This is still frozen on my account BLSP which was suspended at the same time is trading and I can sell but not buy on E*TRADE it tanked to .003 but it came back up to .01 which is still below what it was at when the suspension occurred but a healthy indicator of things to come. It kisses me off that E*TRADE would t allow me to buy shares but will gladly allow me to fire sale my shares. Everything about this smells of white collar fraud.
WOW ! Excellent example :) True. Even if company is doing wrong suspending stocks is hurting shareholders in a public traded company. That's never a solution. No CEO/P&D master get penalized. SEC is here to protect them.
It's like forbidding the use of cars when people are speeding instead of going after the reckless drivers.
When the company itself is doing fraudulent actions to drive up PPS, different story. That was not the case here as it seems.
Suspension is lifted on all suspended stocks, they are tradable. I also see a small volume of AXCG . I have 6 suspended stocks in my portfolio. SEC is just collaborating with MMs and short groups. They let these companies hang without filings for years and when volume or price surge, they suspend. If they know this was social media pump why not they take action against criminals? Because SEC is no less criminal than these P&D channels.
I can put an order (sell), but after I confirm it's immediately cancelled again.
Foreign broker.
Im able to put order in on TD, but not on eTrade. Plus, bids are probably in triple z’s and asks are in double z’s.
We will see.
it doesn't look tradable yet, hopefully they got something, but expecting a big drop once it becomes tradable IMO
Any update on $WOFA? Today they lift suspension ¡¡luck ¡¡
The ball is on our court in Lebron's hands he is in game 7 and about to take a buzzer beater we will wait and see if his shot goes in
I moved on. Let it go !
Good luck to you !
Dude, look. It is hardly my first rodeo. Ive been directly involved with a number of suspended stocks over the years and I know perfectly well how they come OFF suspension. So, Yes, This post of mine is exactly how I intended to proceed. As it is, there are very few posters here at all so I felt more that free to amuse myself...as I do on MANY of my posts, which you can examine ate your convenience by seeing my recent posts here on the ihub archive.
There's really nothing more to say about any of this. Ball is in your court, my friend.
Spock
That’s your come back?
What was I doing when i posted
“Nvm on the last post, it resumes Friday morning.”
Was it not “much much better way to address my observation”
Who insulted first? by saying “For those unwilling to find info themselves”?
You, yourself had much much better way to address your observation even though it was totally wrong.
We can all make mistakes, just learn from it and move on.
Don’t be saying you were trying to see if anyone was paying attention(?) lol
Have a great day !
Just wanted to see if anybody was paying the slightest bit of attention. I don't care about any backlash or insults. I'll disregard the fact you could've chosen a much, much better way to address your observation.
Have a happy, very HAPPY day.
Spock
You have 5 minutes to un-do making fool out of yourself.
For those unwilling to look up this information on their own, trading does not resume on Friday, but today @ 11:59 a.m. Eastern Standard Time.
Not Wednesday or some other day, but today. This actual calendar day. CURRENT ERA.
And not daylight saving time or mountain time or central time or pacific time or Coordinated Universal Time.
Not 11:58 a.m. or earlier.
Not noon or later.
Again, 11:59 Ante Meridian, a.k.a. A.M.
This information ought to help some folks nail things down with a bit more precision. Note: The SEC made no specification regarding the number of actual seconds either before or after 11:59 this morning. I will be calling to address this egregious oversight.
Spock.
Nvm on the last post, it resumes Friday morning.
good analysis BefallenKnight
Prolly cut in half, could soar, who knows?
I don’t think there is any “resistance”. Maybe if WOFA gets cut in half some bargain buyers will come in but it’s not like this is a very liquid stock. I’m sure a lot of the recent buyers will bail asap.
There is also a chance that the rally of the past few weeks is based on legitimate speculation that James Pakulis is ready to activate the WOFA shell. The bogus SEC suspension was because of “unusual trading and social media activity” but that buying may have just been legit accumulation coupled with a few jokers on social media. I mean, it’s not like the WOFA social media pump was some massive campaign! There were a dozen of so messages tagging WOFA before the suspension whereas there are often thousands or even millions of spam social and traditional media when the real pump is on
Yes, trading resumes @ 11:59 Thursday morning.
Spock
March 11 (I think)
When is it open for trading, tomorrow?
BS Suspension - Buy WOFA, F the SEC
Suspending a stock because the SEC “suspects pumping” is perhaps the biggest load of bullshit I’ve seen aside from the Robinhood fiasco of not allowing people to buy. Every damn day Jim “The Crook” Cramer, CNBC, Motely Fook, Yahoo Finance, Citadel and all those other criminally financial institutions are pumping, dumping, front running, or otherwise manipulating stocks. Yet the SEC sees WOFA on the move, potentially due to “social media activity” so they suspend the stock?
Oh, hell no.
Well, once again, you the little guy is getting screwed. There was a moment there when it looked like your risk would pay off yet the SEC yanked the carpet out from under you.
All I know is, when WOFA opens, if it dips hard, I’m buying. I’m not just buying because WOFA is a solid speculative play, but in the same hopes the stock becomes another fu from the little guys to the market overlords.
The sec protects us from ourselves ... they want you to remain good little slaves of the system
This was finally heading to penny land. I hope this screams out the gate. ‘ To protect the consumer’ Bullshit! Bullshit! They took my lotto play.
Totally Agree!
Total BS.
WOFA has not been pumped. Even when it traded 200mm shares the day before getting suspended, WOFA had minimal interest on social media.
The company hasn’t reported anything other than share structure updates. They haven’t come out with news about the business in an effort to inflate share price.
It really sucks seeing Nasdaq, NYSE and OTC stocks pumped all day, everyday by “legit” news outlets like CNBC, Motley Fool, Barron’s, Reddit, Twitter, Stocktwits and many more, yet for some lame reason WOFA is the one getting suspended
Bullshit! This stock was not hyped. I’ve been holding this for 3-4 years and it was mentioned on a couple tweets so we are left with this crap grey market. Alex Deranged and his crew spill out PVDG and another 50 crapola stocks every hour and they are still trading. Stocks get pumped all day on message boards and CNBC. It’s our money and we have the right to risk it but halting trading and starting at zero is B.S. , plus a ten day suspension!
WOFA shown on grey market at otcm.
https://www.otcmarkets.com/stock/WOFA/disclosure
Yeah it will. I don’t think they could take it down and then immediately revoke it.
It goes on the greys tho right ?
Especially after announcing the deadline for everybody to become current. Lol It’s like Tommy DeVito believing he’s being made and BAM he gets whacked.
We’ll be lucky if it stays above mid tripz. Unfortunately it will be a fire sale. It’s what happened to COU \/ and that run had substance behind it unlike the Twitter trolls WOFA had allegedly spreading lies.
WOFA Resumes Trading on March 11
There is no reason to think WOFA won’t resume trading once the temporary suspension is lifted. Another penny stock I follow was suspended a few months ago and it resumed trading despite being far less current than WOFA.
WOFA was needlessly caught up in some BS SEC action. WOFA has kept share structure current and the company does NOT release ridiculous business statement.
If this dips hard when trading resumes, I will be buying.
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WOFA share count is regularly updated by transfer agent - see below for share count info
Citadel Securites LLC HAS A SIGNIFICANT OWNERSHIP HERE IN WOFA FILED 07/13/2017 - OF NOTE IS THE FACT THE FORMER FED HEAD BEN BERNAKE WORKS FOR THIS COMPANY.
A. | Citadel Securities LLC | |||
(a) | Amount beneficially owned: 772,594 | |||
(b) | Percent of class: 26.4% | |||
B. | CALC III LP | |||
(a) | Amount beneficially owned: 772,594 | |||
(b) | Percent of class: 26.4% | |||
C. | Citadel Securities GP LLC | |||
(a) | Amount beneficially owned: 772,594 | |||
(b) | Percent of class: 26.4% | |||
D. | Kenneth Griffin | |||
(a) | Amount beneficially owned: 772,594 | |||
(b) | Percent of class: 26.4% | |||
Each Reporting Person disclaims beneficial ownership of any of the securities covered by this statement, except to the extent of any pecuniary interest therein.
Additionally Carebourn Capital, L.P. has aquired a interest in WOFA just a week earlier on 7/06/2017
(a) | Name of Person Filing Carebourn Capital, L.P. | |
(b) | Address of the Principal Office or, if none, residence 8700 Blackoaks Lane North, Maple Grove, Minnesota 55311 | |
(c) | Citizenship United States of America | |
(d) | Title of Class of Securities Common Stock | |
(e) | CUSIP Number 97717U202 |
(a) | Amount beneficially owned: 18,780,668 | ||
(b) | Percent of class: 9.99% | ||
Share Count as of 06/05/2019
https://www.otcmarkets.com/stock/WOFA/security
WOFA CURRENT MARKET CAP IS JUST OVER $300,000
Projected market caps (rounded):
.005 = $3,935,000
.01 = $7,900,000
.05 = $39,395,000
.10 = $78,790,000
.25 = $196,975,000
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