I don't know that WCVC is in or near Chapter 11, but given how hard many businesses have been hit by COVID19, it isn't out of the question that it could be in or near it by now. Of course, that its stock price was .0001 long before it went to the Expert Market might suggest the sort of lack of investors' confidence that accompanies Chapter 11-ishness.
Note: I think the reason WCVC is on the Expert Market is that it hasn't filed. According to that document, it just happens to be true that Chapter 11 allows a company to be on the Expert Market rather than the Grey Market.
Since WCVC was at .0001 long ago when it was still filing, and those filings didn't fess-up to being in Chapter 11, still being at .0001 now doesn't mean they are in chapter 11. BUT, now that they are in not-filing mode, could the reason be that they are hiding being in Chapter 11? That's a fair question. Maybe I'll google-search for it.
BUT, remember -- some bank or banks are willing to supply 3rd-party financing to new franchisees. Would they be willing to do that if WCVC was in Chapter 11?
