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Re: PennyHoper post# 5756

Saturday, 02/29/2020 11:52:46 AM

Saturday, February 29, 2020 11:52:46 AM

Post# of 23934
The restaurants are real. It can still be a share selling scam. WCVC shares don’t have a shareholders agreement or a board of directors or investors with financial ties to WCVC who also have voting rights. The majority voting rights holder Jim Nixon owns about $2500 worth of stock so he has no incentive to care other than to keep this thing going to pay himself a salary and raise enough cash from diluting shareholders to pay off the debt which is secured by his mortgage. Even if this thing became the next Shake shack he could legally pay himself all the profits and leave WCVC at .0001. Since he owns almost no common stock he has no reason to care and since he has a majority of voting stock he has no oversight not to.
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