West Coast Ventures Group Corp (fka WCVC)

[PennyHoper]

Thanks all for the public and private replies (about the info being old).

The text on the now-dated investors page was reasonable for back then, but if it is to be taken seriously today, the most worrisome part (to me) is the bit about still wanting 'long term investors', which I presume means stock-holders (=distinct from franchise purchasers).

Now, on the one hand, it makes sense that they'd want to encourage those holding to continue to hold once the company gets current, so that the stock has a chance to rise in value (without all 7 BILLION SHARES being dumped at the moment they update their filings).

But on the other hand, the wording suggests/implies that they will continue to dilute [=they need more cash from investors], and possibly worse, they plan a reverse split (keeping the A/S the same) so that these new investors will be tempted by share prices higher than the current .0001/share.

An additional worry is what often happens after a reverse split of a .0001/share stock, that massive dumping (and shorting) drives the price down again, to effectively make existing share holders' shares worthless, as they were on the last trading day of 2021, when some frustrated person liquidated his position for .000001/share.

The above reverse-split share plunge often happens with pure shell corporations -- and rightfully so, as they have nothing of real value to offer other than a lottery-ticket-holder's virtually zero chance of a payoff -- so, the fact that WCVC is truly an operating company with open restaurants is a slight ameliorating factor.

BUT as far as I a see, the only hope current shareholders have is that 1) the company filings show it to be in decent shape (i.e., not on life-support in the 'hospital' gasping its last breath, but walking out of the 'hospital' in reasonable health, even if it hasn't shaken off all of the after-effects of two years of battling COVID19) and 2) there is no reverse split, and 3) it can actually announce the existence of real franchise agreements that won't evaporate [or 'blow away'] like that first franchise store in Texas.