Wisdom Homes of America Inc (fka WOFA)

[BefallenKnight]

WOFA is a nice clean shell
Fundamentally the company has been dormant with no business model. This cuts both ways; despite being dormant WOFA is not like many penny stocks that release nonsensical press to pump the stock. The only info regularly released about WOFA is share structure updates (787mm shares issued out of 900mm available).

Speculation is that WOFA is about to become active whether through a reverse merger or through insiders using the shell to develop a new business. The costs of filing to be public company are quite high so another entity could merge or acquire WOFA’s interests.

There is a lot of speculation that a US cannabis or psychedelic company may merge/acquire WOFA in an attempt to go public without the hassle of filing regulatory paperwork needed to trade on an exchange.

There have been several triple zero cannabis plays that have gone from .0001 to pennies to even dollars and beyond just like many Canadian pot stocks.

Maybe WOFA has a chance to run to copper or silver or even paper should the right news come forth. This is a real sleeper with only a few eyeballs and as far as I’ve tracked WOFA it seems like there are some players holding massive positions that lock up most of the float. When the real buying occurs there may be a limited amount of shares available