WOD Retail Solutions Inc. (fka WODI)

[Renee]

WODI SEC Suspension "because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, questions relating to: (a) information on the WOD Retail web sites, including claims that the Company uses automated kiosks to sell retail items in fitness centers and would generate additional revenue as a result of the COVID-19 pandemic, when in fact the Company earned no revenue at all in 2018 or 2019; and (b) text message and email promotional messages, from an unknown source directed to investors, claiming that WOD Retail would expand its business to take advantage of the need for its contactless kiosks during the COVID-19 pandemic. The third-party promotions claim an imminent increase in the value of WOD Retail securities, in the case of one text promotion by as much as 300%, despite WOD Retail’s apparent lack of business activity and revenue."

https://www.sec.gov/litigation/suspensions/2020/34-88916.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-88916-o.pdf