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World Transport Authority, Inc. (fka WTAI)

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Last Post: 3/29/2018 12:40:19 AM - Followers: 9 - Board type: Free - Posts Today: 0



SEC Revokes Registration Of World Transport Authority


An Administrative Law Judge has issued an Initial Decision as to World Transport Authority Inc. (Initial Decision), in Administrative Proceeding No. 3-13804. The Order Instituting Proceedings alleged that World Transport Authority, Inc., failed repeatedly to file required annual and quarterly reports while its securities were registered with the Securities and Exchange Commission. The Initial Decision finds that World Transport Authority Inc., repeatedly failed to file its required periodic reports, depriving investors of access to key financial information. As a sanction, it revokes the registration of each class of registered securities of World Transport Authority Inc., pursuant to Section 12(j) of the Securities Exchange Act of 1934.



WTAI is Currently Suspended and trades on the Grey Sheets as of 03 March 2010,


The Commission temporarily suspended trading in the securities of this issue due to a lack of current and accurate information about the company because they have not filed periodic reports with the Commission in over two years. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

In other words, the company appears to be defunct, and only exists as a shell corporation.  From OTCMarkets: www.otcmarkets.com/pink/quote/quote.jsp


WTAI — World Transport Authority, Inc.
Common Stock
No Par
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
  • Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
  • Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
  • Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
  • Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
  • Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
  • Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
  • Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.

Latest Available Company Information:

  • OTC Market Tier

    Grey Market
  • Primary SIC — Industry Classification

    3711 - Motor vehicles and car bodies
  • State Of Incorporation

  • Jurisdiction Of Incorporation

  • Company Officers

    William C. Kennedy, CEO
  • Reporting Standard

    U.S. Registered & Reporting: SEC Filer
  • CIK

  • Fiscal Year End

  • Estimated Market Cap

    $2,287,907 as of Apr 1, 2010
  • Outstanding Shares

    76,263,553 as of Mar 31, 2003
  • Current Capital Change

    shs increased by 4 for 1 split
    Pay Date: Sept 1, 2000
  • Company Notes

    • Formerly=Composite Automobile Research Ltd. until 9-00
  • Security Notes

    • 12(k) Suspended by the SEC 9:30 a.m. EST, March 3, 2010 and terminating at 11:59 p.m. EDT on March 16, 2010.

Last available share structure information:  www.otcmarkets.com/edgar/GetFilingHtml

Item 1.01  Entry into a Material Definitive Agreement

On December 30, 2009, the board of directors of the Company approved the renewal of management contracts for William C. Kennedy (chief executive officer, chairman and director), George I. Bates (secretary, treasurer and director) and David Yue (director) for one year, or until such time there is a change in management.

On November 20, 2009, approximately 31, 975, 330 common 144 Restricted World Transport Authority, Inc. shares   were sold and/or distributed to certain individuals and entities as settlements for notes owed and for service provided, with some recently disclosed on required Form 4s.  There are 143,978,888 outstanding common shares of World Transport Authority, Inc. shares.
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#668   Hehe! Nodummy called it years ago. Cdub420 03/29/18 12:40:19 AM
#667   paulr1, sorry but your stock is worthless. RoadLessTraveled 02/28/12 09:57:53 PM
#666   Bought over 4000 shares of this company back paulr1 02/28/12 07:09:51 PM
#665   I missed it this week. He never dhrr06 07/23/10 11:38:36 AM
#664   not to mention embarrassing for those who keep DrHarleyboy 07/23/10 11:30:07 AM
#663   This whole thing is entertaining, but it's also dhrr06 07/23/10 11:25:16 AM
#662   I don't think the RAZOR is that SHARP DrHarleyboy 07/23/10 11:14:12 AM
#661   Yes he has....we may be here next year dhrr06 07/23/10 11:11:58 AM
#660   No, he has failed at everything he has DrHarleyboy 07/23/10 11:07:37 AM
#659   Not if it had anything to do with dhrr06 07/23/10 11:05:26 AM
#658   HAh...would YOU buy anything THIS guy owned?? LOL!!! DrHarleyboy 07/23/10 10:57:51 AM
#657   No doubt! dhrr06 07/23/10 10:56:51 AM
#656   Heh, I wonder why...I guess the old "electric DrHarleyboy 07/23/10 03:00:54 AM
#655   This is a mighty lonely board. dhrr06 07/21/10 09:14:17 AM
#654   NONE Pooper 07/08/10 01:10:41 PM
#653   Agreed. DrHarleyboy 07/08/10 10:33:52 AM
#652   I was not Harping - it is no Pooper 07/08/10 10:31:18 AM
#651   Posted by: nodummy Date: Wednesday, dhrr06 07/08/10 09:34:59 AM
#650   Pooper, I can't figure out exactly what point you nodummy 07/08/10 01:09:38 AM
#649   It must be a big deal if you DrHarleyboy 07/08/10 12:13:46 AM
#648   I think we are talking about different things. Pooper 07/08/10 12:05:16 AM
#647   It Was Stock until revoked DrHarleyboy 07/07/10 10:47:35 PM
#646   It Was Stock until revoked Pooper 07/07/10 05:30:37 PM
#644   No sir, DrHarleyboy 07/07/10 03:35:18 PM
#643   From what I understood....WTAI would/will be consolidated with ItPaysYou 07/07/10 03:32:40 PM
#642   From what I understood....WTAI ItPaysYou 07/07/10 03:31:48 PM
#641   What stock, it is no longer a stock....why DrHarleyboy 07/07/10 02:54:29 PM
#640   One would think that revocation of this stock Pooper 07/07/10 02:05:23 PM
#639   You are right. If people won't educate dhrr06 07/04/10 05:07:49 PM
#636   Excellent and intelligent post! Fiat currency was my alias 07/04/10 03:13:46 PM
#635   The ones at the top make all the dhrr06 07/02/10 11:04:54 PM
#634   penny stocks are brutal... DrHarleyboy 07/02/10 10:46:32 PM
#633   Here is a link dhrr06 07/02/10 09:46:50 PM
#632   Perhaps, this throw away company was a last dhrr06 07/02/10 04:12:37 PM
#631   Yes, the CEO and insiders...they knew this was DrHarleyboy 07/02/10 03:55:13 PM
#630   Thanks for the info....there were millions of shares dhrr06 07/02/10 03:53:44 PM
#629   in any case they didn't follow the rules nodummy 07/02/10 02:54:00 PM
#628   It wouldn't be worth the effort, cheaper to DrHarleyboy 07/02/10 02:43:43 PM
#627   Is it possible for this company to be dhrr06 07/02/10 02:05:52 PM
#626   Whooaaa, nodummy...failure to file is far from fraud. RoadLessTraveled 07/02/10 12:41:19 PM
#625   what is your take on this company that nodummy 07/02/10 11:20:03 AM
#624   Ohh I'm sure we'll some drivel sooner or DrHarleyboy 07/02/10 05:52:46 AM
#623   Would love to hear from Bravo19 now nodummy 07/01/10 09:18:26 PM
#622   Looks like a case where the SEC was REDDOG22 07/01/10 11:57:21 AM
#621   Must not have. It's over for this failure, DrHarleyboy 07/01/10 03:04:47 AM
#620   Yes, Bob already mentioned that earlier Pooper 07/01/10 01:37:57 AM
#619   Well, there you have it...now what Owen?? LOL! DrHarleyboy 07/01/10 01:09:25 AM
#618   Pooper, WTAI was Revoked today by the SEC: flaflyersfan 07/01/10 01:09:02 AM
#617   Looks like their registration has been revoked by bobkubecka 06/30/10 08:12:50 PM
#616   No, not sure what is going on, haven't dhrr06 06/30/10 07:08:25 PM