TO ALL: UPDATED INFO - please read and reply
Worldwide Entertainment Holdings, Jeff Wildermuth, is the CEO of CATV
CATV (4Cable.TV) restructured in 2016 and Mr. Wildermuth's private investment firm WORLDWIDE ENTERTAINMENT HOLDINGS purchased the "shell" as well as assumed the noteholder debt from former CEO Steven Richey. Subsequent to selling the shell to Wildermuth, Mr. Richey's company, 4Cable.TV, went private.
The corporate name and ticker symbol remained CATV and to date, has not been changed by Jeff Wildermuth
Mr. Richey stated that last he heard, CEO Wildermuth was working on satisfying the requirements to regain otc current status and servicing the $13,000 bill with their transfer agent as well as some fees owed to FINRA.
As to the 1.45+ Billion shares traded today, Mr. Richey (who has no ties to CATV stock nor to it's CEO Jeff Wildermuth)
speculates that there very well may be some positive developments ongoing within WORLDWIDE ENTERTAINMENT HOLDINGS that had investors stumbling over one another to get in. He is not familiar with who George Sharp is but has taken liberty in reading Mr. Sharp's letter. George didn't name names, but the investment group that bought CATV's debt is now known to all of you.
All further inquiries concerning CATV should be re-directed to Mr. Jeff Wildermuth. Former CEO Richey didn't have his contact information, as it had changed since Wildermuth took over as CEO in 2016.
Based upon the immense volume of shares purchased today, the company received the equivalent of a much needed blood transfusion.
The majority of shares were purchased in the .0004/.0005 range and by those that must be "in the know" on what's going on behind the scenes over at Worldwide Entertainment Holdings.
If it were not for George Sharp's speculative letter at 3pm, the PPS would have increased into the .0008s or higher.
Again, all of what George scribed, was his opinion of what was transpiring. It's a shame that he chose to issue such during the last hour of trading instead of being more responsible and issuing his "research" PRIOR TO many shareholders having already taken positions.
The stock crusader clearly did more damage than good today.
