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Hehe! Nodummy called it years ago.
paulr1, sorry but your stock is worthless.
WTAI World Transport Authority, Inc. Common Stock 7/1/2010 100 12(j) Registration Revoked by SEC
I would suggest you check with an accountant or tax adviser to see how you might write off the loss.
For a little more history, read some of the posts here from around the July 2010 period.
Bought over 4000 shares of this company back in 2000. Does anyone know if these shares are still good given the company is suspended from trading? They are still listed on my etrade account under a number and not wtai.
I missed it this week. He never says anything other than, "shout out from Kansas", thank you, then has a list that lasts, 3-4 minutes of people he's thanking. If he says they bought something, he NEVER elaborates. He speaks in general terms. When he announced about the new TA, he followed with "but I won't say who it is now". Then about 3 months ago, he said he'd tell who the TA was, but he never did.
No one seems to question his motives, or why his calls are structured that way. It's amazes me.
LOL....let's see now....how many days to the end of the month??? lol.....before another one has come and gone...I remember when he said they would have it by Christmas....that was a very exciting time!
not to mention embarrassing for those who keep claiming "this month"; how was the cal this week, same old, same I would expect...*yawn*
This whole thing is entertaining, but it's also getting a little boring....it will never trade.
I don't think the RAZOR is that SHARP here...LOL! I especially like the FINRA rah rah, since they have nothing to do with issuing symbols, they are only a governing body...
Yes he has....we may be here next year this time...wondering when it will come together, IF it will come together...and I bet they will still be "RAZOR CLOSE".
Wonder if there are those out there wondering how close is a "RAZOR CLOSE"? What does it all mean?
No, he has failed at everything he has ever tried...at least he keeps trying though....can't fault that I suppose; I See Petro America failing almost 3 years into it...surprise surprise.
Not if it had anything to do with stock. It's obvious he doesn't know what he's doing. Or maybe he does; it's just not the stock game.
HAh...would YOU buy anything THIS guy owned?? LOL!!!
No doubt!
Looks like Owen will have to find him another shell. I hear he has two more he's looking at. He mentioned in one of his calls.
Heh, I wonder why...I guess the old "electric car division" will suffer.. LOL!
Harley
I was not Harping - it is no big deal - as I mentioned.
I had a simple thought - that is all - that, again, turned into a history making project.
Sorry I made any comment and/or expressed any musings - - - - just ridiculous
Posted by: nodummy Date: Wednesday, July 07, 2010 1:08:33 PM
In reply to: yellowbird2 who wrote msg# 11240 Post # of 11244
yellowbird2 WTAI is no more
WTAI had their registration revoked by the sec on June 30th. (see the link)
World Transport Authority Inc., repeatedly failed to file its required periodic reports, depriving investors of access to key financial information
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=06/30/2010
Pooper,
I can't figure out exactly what point you are trying to make, but Harley is most definitely talking about the same thing as you. Harley responded to you saying that the section you are referring to is almost strictly made up of PR releases. Therefore it's mostly news the company wants the public to know about. (I don't know if that's exactly how it works or not but I trust his information about it).
I can't figure out if you are in denial that WTAI really did get their registration revoked or if you are really that hung up on the WTAI news board not being up to date that you keep bringing it up
I honestly don't know of a single stock symbol listed on IHUB that has that section completely up to date and showing ever bit of news available. Do you know of one that is?
But anyways the documentation is there printed out and posted by the SEC on their website that WTAI is no longer a registered stock. The link has been posted more than once on the forum here.
Maybe it will also eventually get posted in the news section for you, but i really hope you aren't waiting for it to get posted there before you accept it as fact or truth.
It must be a big deal if you keep harping on about it...that was last weeks news. Who cares, unless you foolishly bought some, against my advice. You know the news, it's over. Why beat a dead horse.
Harley
I think we are talking about different things.
I am referring to the IHUB stock quote, news, etc. the area one clicks on WTAI Stock Quote - News - Chart where one clicks
WTAI Stock Quote - News - Chart
http://ih.advfn.com/p.php?pid=squote&symbol=WTAI
just surprised all of this material is there and nothing re: revocation
Simple thought - just a musing - not a big deal.
It Was Stock until revoked
The day of revocation was news (information regarding it) - just surprised IHUB does not have that notation in its updates, as it has all other stuff related it seems.
No sir,
WTAI registered shares are revoked, it will never trade again. All shares are worthless and cannot be "consolidated" with any stock.
Sorry if you have any, it is worth $0
Harley
From what I understood....WTAI would/will be consolidated with PTRZ. Maybe with a new symbol...not sure.
From what I understood....WTAI
What stock, it is no longer a stock....why is it news?
One would think that revocation of this stock would show up on the stock quote page news area here - last news was 1/19/2010 - a bit behind??
You are right. If people won't educate themselves, wake up to what's going on, then it will be the downfall of us all. But what do we do about it?
Excellent and intelligent post! Fiat currency was the one of the largest blunders of the world. Every currency ever invented has collapsed and gold has been the only proven stable means in which to hold wealth and hedge inflation. In terms of how simple economics works - the current value American dollar is one of the biggest scams that I see out there now!
The ones at the top make all the money...what a game...I only have one stock left, and I have sold all the rest, not to buy any more penny stock...I have gold and silver now...and it's been going up nicely. I bought silver when it was 6-9 an ounce...and gold below 800.00, but that's getting a bit high. That can always be traded when you need money...and our dollar is getting ready to crash soon. They have been talking about replacing it...so hopefully, gold and silver will be a good investment, from fiat money to intrinsic value.
Here is a link
http://www.tracked.com/company/world-transport-authority/
It goes back before Petro bought it too.
Perhaps, this throw away company was a last attempt at a pump and dump, so Petro could raise money for fines. Just a thought.....since purchasing this company doesn't seem like a wise investment, so perhaps, it was a wise move for those involved in the purchase and sale....penny stocks are brutal...
Yes, the CEO and insiders...they knew this was coming, possibly *others*....
Harley
Thanks for the info....there were millions of shares sold and purchased since around Oct/Nov 2009....someone unloaded a lot of stock at 4 cents....pretty good for them....
in any case they didn't follow the rules and they are done
maybe Owen will learn from this
hopefully he follows the rules better with his other ventures
It wouldn't be worth the effort, cheaper to just buy another shell rather try to deal with the paper required to bring this one back to life. Owen Hawkins is a true MORON. JMO of course, but Owen continues to back me up with bumbling business moves :)
Harley
Is it possible for this company to be pulled out of the ashes??? If so, how would they do it?
Whooaaa, nodummy...failure to file is far from fraud. Even Van Broeke states "or could have their stock used for fraudulent investment" which certainly was the story in WTAI's early days back when it was fully reporting. As for No Information, they even state "The No Information (N/I) status means the company is unwilling or unable to disclose information".
During WTAI's latter years, there was absolutely no income whatsoever and the new CEO, Bill Kennedy, funded the monthly expenses out of his own pocket. There was simply no money to pay for expensive audited filings.
The fact that the SEC let them go 6 years without filing tells me that there were no red flags to put them on the SEC radar...until days before the sale of the company to Petro.
Never once did Bill Kennedy ever try to sell a single share even to pay expenses. Insider holdings were always kept current as well as the OS. No one really knew the float thanks to the mess the founder, Doug Norman, left the company in. Even a share audit cost money.
WTAI is now revoked not because it was a fraud but only because Owen went through with the purchase even after the 10 day suspension...but never followed up with the required filings.
Why didn't he? Who knows? The most logical reason would have been the expense but that would have been pretty obvious before the deal was consummated.
Maybe someone would like to call to find out?
I know your post was not directed to me but it goes against my nature to see an honest man's name get tarnished, even as indirectly as this, without speaking up with the facts.
The problem with Van Broeke's Fraud Index is that innocent companies can be listed along with outright frauds. The SEC's Caveat Emptor indicates detrimental info or lack of enough important data for a prudent investor to make an informed investing decision. WTAI fell into that latter category.
Thanks for reading.
what is your take on this company that runs this website
the vanbroeke one you provided the link for
i was impressed with their ability to sniff out WTAI as a fraudulent company, but of course when you look at the details (6 years of not following the SEC regulations) that probably wasn't too hard to do
regardless it interested me so I wrote them an email asking if they knew much about PTRZ or Petro America and they wrote me back saying they had some information that would interest me but asked me for my phone number so they could share it
i'd rather not give out my phone number so i wrote back again asking if it was possible to just pass all information on via emails
if they end up only wanting to share information on the phone would you or harley or flaflyersfan we interested in talking with them?
i don't know if it's good information or bad information and again I know little about the vanbroeke but i'm very interested to find out what they have to say
Ohh I'm sure we'll some drivel sooner or later, on how it "wasn't Owens fault"....
Harley
Would love to hear from Bravo19 now
what's his new defense of WTAI now?
still want to criticize Harley and dhrr06 and flaflyersfan for offering up good information to the readers of this forum and letting people know in advance what a mess WTAI was in and where it was headed?
Looks like a case where the SEC was just slow in their actions.
*SIST*
Must not have. It's over for this failure, just another notch in the failure belt for Owen Hawkins...who is next in line for Owen and his Bumbling Brigade?
Harley
Yes, Bob already mentioned that earlier
Doubt it will be a subject of discussion
Well, there you have it...now what Owen?? LOL!
Pooper, WTAI was Revoked today by the SEC:
WTAI World Transport Authority, Inc. Common Stock 7/1/2010 100 12(j) Registration Revoked by SEC**
Never to trade again. At least it will give them something to talk about tonight on the call.
Good luck.
Looks like their registration has been revoked by the sec http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=06/30/2010
No, not sure what is going on, haven't found any new DD yet. Maybe someone has word about it getting ready to merge or something...don't know.
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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.
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
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