Wellstar International (WLSI)

[Saipter]

Ok guys this is what I learned from my talks with Mrs. Hamilton.

Because I have been a large shareholder for a long time I would have been eligible to file the custodianship proceedings and would have most likely won this case fairly easily.

However, since this entity was the recipient of a trading suspension by the SEC it would be very difficult to ever usefully trade this equity ever again.

In order to trade on the OTC markets or an exchange a market maker would need to file a form 211 with the sec. The entity itself cannot file this form, but can apply with a market maker to file the form for them.

This is technically possible, but since trading was suspended, practically, this stock "will never trade again" since no market maker will feel comfortable to file the form 211. According to Brenda this stock is now forever on the grey market.

A little disappointing since I was looking forward to the challenge and traveling to Vegas for the proceedings.

She advised me to go with a direct public offering with my existing company and not pursue the reverse merger. If I find out anything different I will keep yall updated.

-Austin