40mm Shares Traded on the Buy Side
Not sure what the action is all about. Every once in a while WOFA has these little spikes but the stock has yet to hold the gains or take off past the .001 barrier. The overall dollar amount is low, $12k shares purchased. Ordinarily such lopsided buying indicates accumulation and/or short covering but I doubt there is much short interest here since WOFA is near all-time lows.
Yes, WOFA is delinquent on their financial reporting, however the share structure has been continually updated, last time was early October iirc; approximately 787mm shares outstanding of the 900mm available.
This stock is still incredibly risky.
3 things I’d like to see happen before I become a buyer;
1. Corporate update - WOFA needs to outline their business model. Right now, the company doesn’t appear to have a business plan or any products/services to speak of.
2. Current financials - it’s great that the company regularly updates share structure but they need to get current with their financials
3. Ticker change - I propose a change to GANJ as in ganja.
If these 3 things can happen, I’m a buyer although I might end up chasing because any one of those items could really light this up
