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Can't tell you how many times I've seen this happen on tickers. Wish I knew what it meant.
Can't say I've ever seen those "signals" work...but I would like to believe.
To keep it at 0015
The 0015 100 share trade at close should be criminal
20k on the bid at 0013, but 13m hit. Yeah, no games going on here.
Frank: No dilution 2 year!
MM's: Hold my beer
Seriously though, the deal isn't done so to me anything is possible. Sure did look like dilution to me, but I'm far from being an expert on that.
Some whales taking interest. Guess they wanted cheaper.
MMs and their games...criminal.
Nice dilution you got there...
Wish I had an answer for you, but I do know you normally don't want the government involved or looking into your business and you certainly don't want a letter from the SEC.
The scariest words I've ever heard:
"Hi. We're from the government and we're here to help."
Still sends chills down my spine.
To me the only thing this shows is he's still trying to keep the business going in CO which makes sense since that's where the restaurants are located.
Looks like he filed his annual report with the state of Colorado.
Would have liked to see a better close with a 10B reduction in AS. Oh well, tomorrow is another day.
Thanks for the 0015s...I'll give 'em back when we over a penny. LOL!
Might see some people dump late today or early tomorrow if the official PR doesn't come out. I won't be in that group.
Nice close at HOD. Looking for higher highs tomorrow and into the weekend.
Not as much volume today. Hopefully the flippers have been weeded out some.
Best strategy I use is to ride free. When the stock takes off, get back what you put in but still try to hold size. Can be tough to do if you aren't holding many shares, but it's a strategy I like trying to do.
I hope so too but unfortunately that's how the OTC has been lately. This news is expected, so may not be as great a catalyst as we hope.
That seems to be par for the course in the OTC lately. Crazy how suddenly all those bids disappeared.
There is always the chance that it comes back, but Nixon has some work to do to make that happen.
Gotta love those 10K whacks
I agree about the selling part, but OTC has been rough so people will most likely take what they can get.
Don't we all!
All those who bought 0007 gonna flip for the double up. SMH.
Thanks. I was trying to figure out whether he folded the company underneath one of his LLCs, created a new LLC and converted it to that, or filed it under another state.
Did we ever find out exactly what the articles of conversion said?
Not when you increase the AS to 40 billion
Tim Sykes is the last guy you should ever trust regarding the OTC.
Yes, I believe you are correct. I forgot about President's Day.
Also, to my knowledge Nixon also has to file those articles of conversion with the SEC. He filed them with the state in which the company is incorporated but still has to do it with the Feds as well.
Let's look at this from a timeline perspective. Here's the initial order by the SEC:
SECURITIES EXCHANGE ACT OF 1934
Release No. 94090 / January 27, 2022
ADMINISTRATIVE PROCEEDING
File No. 3-20723
In the Matter of
West Coast Ventures Group Corp.,
Respondent.
Nixon had 10 days to reply, so let's say those are 10 business days. He would have until Feb. 10. Whether he has answered or not the following applies:
IT IS FURTHER ORDERED that the Division of Enforcement and Respondent shall conduct a prehearing conference pursuant to Rule 221 of the Commission’s Rules of Practice, 17 C.F.R. § 201.221, within fourteen (14) days of service of the Answer. The parties may meet in person or participate by telephone or other remote means; following the conference, they shall file a statement with the Office of the Secretary advising the Commission of any agreements reached at said conference. If a prehearing conference was not held, a statement shall be filed with the Office of the Secretary advising the Commission of that fact and of the efforts made to meet and confer.
So if we say Nixon never replied, then 14 calendars would be March 2. Regardless, it seems that something will be filed with the SEC.
Here's a list of LLCs currently under Nixon:
Illegal Burger Citiset Colorado LLC Good Standing
Illegal Burger Capitol Hill Colorado LLC Good Standing
Illegal Burger Franchising Colorado LLC Good Standing
Illegal Burger Writer Square Colorado LLC Good Standing
J&F Restaurants Colorado LLC Good Standing
I think they converted down to the Illegal Burgers LLC since there was also an update on that. It's easier to convert from a corp down to an LLC.
I just wish I could get it to go away.
Oh damn! Some random person on the Internet said it's a scam. Time to dump my shares...market order of course.
You can lead a person to the DD, but you can't make them understand it.
Yes please dump them so I can buy them up.
Looking good $DGTW.
Totally agree. WTH is going on here? Positive news, starts out great, right into the crapper.
I just can't understand how others already have their shares available. That doesn't seem right to me.