Re class action suit and "what do you have to lose?" --
Answer: lots of your money in legal fees. If you only dropped a few grand into this, you'll likely lose more in legal fees than you'd get back.
My suggestion: contact the SEC. The SEC decided to revoke WCVC to "protect shareholders." Ask the SEC how the settlement it accepted with WCVC protects you, and makes you whole again.
"A settlement offer with the SEC however must emphasize appropriate compensation to investors, as well as their future protection."
Ask the SEC how its settlement assures "appropriate compensation to investors," namely, current WCVC shareholders.
Getting an answer from the SEC might save you a few bucks on the law-suit thing.
Last note: Don't forget, there are 7B shares out there. I'll bet that those of us who post here only own a tiny fraction of those shares.
Even if, for the of argument, those of us who post here own, in total, 10% of those shares, are the owners of the other 90% on board with a class action suit? What are THEY doing to get satisfaction?