Volcan Industries (VOHO)

[Potse]

Traderfan...SEC deadline......

Potse, aren't you concerned that the stock won't make the SEC deadline end of september while still being dark right now? That's the only problem here that I see.

The SEC deadline is definitely a concern. I'm planning to hold VOHO and a number of other dark shells/situations past the deadline if need be, and cross my fingers that they will eventually become current. I'm still actively accumulating certain shells/situations before TD Ameritrade shuts the "buy" door and the September deadline hits. I added a few more shares of VOHO today at 3.45 and 2.1 cents.

Whether buying these companies now will turn out to be a smart decision will depend on a number of factors:

1) Is present or future management actively looking to go current (which is something that is not always easy to actually assess or predict). You could have a shell or operating company that has a management that is completely non-interested in the public listing aspect of his company, but then something/someone comes along that completely changes the situation. Strange things can happen.

2) Now that OTC Markets has basically been appointed to a GOD-like position by the SEC, how difficult/easy will OTC Markets make it for dark companies to go current after September 2021. I think this will be an important issue for every OTC investor, because it is not uncommon for even competent management to find themselves in situations where they are late in meeting filing/update obligations.

3) Once the deadline passes and liquidity dries up in those dark companies, how aggressive will the SEC be in trying to completely wipe those tickers out of existence.

Regarding VOHO: I would be somewhat surprised if Sholom Feldman did not do something with VOHO at some point. If the transfer agent share count is accurate, there is a pretty good chance that the Feldman's still have control of over 90% of this stock. So, depending on what the debt situation might look like, VOHO would be worth a pretty good chunk of money to the Feldman family.

Based on the actions/information available around late 2020 and early 2021, it looked like the company had every intention of doing something with VOHO. VOHO's counsel (Cassi Olson) registered a "Volcan Holdings" in the state of Wyoming shortly after VOHO was reinstated in the state of Delaware (so I assume they are/were planning to switch the corporation to Wyoming), and then they put up that investor presentation on a related website.

https://opencorporates.com/companies/us_wy/2020-000954292

I would think Feldman would be able to pivot VOHO in another direction if something in the mining sector did not materialize or develop the way he wanted. Similar to what he did with his current Australian company (Cann Global Limited) which moved primarily from the mining sector to cannabis.

https://www.canngloballimited.com/