Have been following this company for a few years now. Someone recently asked me what direction this company is going to go in. Your guess is as good as mine. I thought with all of the shows they have been going to over the past few years, that maybe they would have at some point released some news and updated the shareholders. That has not happened, matter of fact the last news anyone has gotten was in March 2016 when the company reverse split. I do know that some offers were made to buyout that were rejected. What direction they are going to take now could be 1 of a few things.
1. Continue developing whatever software programs, Wallace in this case, and update the shareholders when they are more successful.
2. let the stock die, get halted and delisted and go private.
Now the 2nd route opens them up to lawsuits but that is only if the shareholders pursue a civil action. From what i have seen so far, no one is willing to fight for their money. I know i have sent in forms to FINRA and the SEC stating that I know the company has failed in their fiduciary duty to the shareholders. And yes they will take action against pink sheet companies. I have been involved in another such case in which the CEO fled the country to avoid jail time. But each of you have to make the decision, but know that the longer you wait the more you allow this kind of action by a CEO who cares very little for the public that has helped her build her company. Just because its woman owned doesnt mean she is not as unscrupulous as her male counterparts. They can be just as devious as men when it comes to business.
The choice is yours, I made mine when i sent in several complaints.
