Here is a way to explain what has happened in a less rigid way. CCOP just offered shares of a spin off called Wytec based on how many shares of CCOP one owns.. Shareholders were given approximately 1 share of Wytec for every 400 shares of CCOP owned along with warrants at 2-1. Sounds like a great deal for an emerging company, right?
If you research habits of these unregulated OTC and pinksheet companies, you will see a common practice in their dilution scam is offering free shares based on current ownership. Insiders do this in hopes of preventing those not on the right side of the hustle from selling their shares during the promotion. You, along with other CCOP shareholders, will be issued share of Wytec. Only problem is there is no date for Wytec open trading on any market. CCOP did something like this with the 144 restricted shares which so many are stuck with and can’t sell. For now, any shares of Wytec are worthless until a market is available for trading. If this spinoff ever becomes tradable, it will most likely trade on another Unregulated market. Real tech companies trading at $25 per share are on the NASDAQ.
Also keep this in mind. Over the last two weeks CCOP has seen great volume. With all these people buying before the spin off shares are distributed, shouldn’t the share price of CCOP go up. It traded sideways with all the volume. Who was selling? Ask why would anyone sell with the promise of free shares of a $25 stock being offered? Now the price is back to around a penny with the volume disappearing.
Everyone should do their own research and draw their own conclusion.
