If we take the news at face value,
Nobody should ever do that with a non-disclosing, nearly-broke, shady OTC company.
I find it hard to believe WSRC would subject themselves to possible federal prison time by committing fraud here,
Have you not been around the OTC world very long? Just about every non-disclosing (i.e. does not report to the SEC) garbage stock issues "forward-looking" nonsense that is borderline fraud, or in some cases, outright fraud. They try to use language that they think will protect them from prosecution. Lots of "may be", "might", "should", etc. They know that the SEC/FBI will not expend any of their resources on this kind of stuff.....too hard to prosecute and not worth their efforts. So, every 6 months or so, WSRC comes up with a new "story".
The PR recently issued by WSRC is just vague enough to protect them from prosecution....probably. The PR implies that they have bought a subsidiary company that has, in hand, a $1.9 billion contract to conduct environmental mitigation services. With $200 million per year of revenue.
Well, when it comes right down to it.....there does not seem to be a contract in place. The work is not funded. It is not even clear if the subsidiary is a viable company or not, and no one seems to know what state they are incorporated in.
It appears that WSRC has issued yet another forward-looking steaming pile of a PR that fooled enough investors to help unload millions of shares. Add it to the stinky pile of gold mines, batteries, hemp, helium, and so on........just another story.
I can't wait to hear what's next. If they want to tap into the crypto market, they better hurry before the SEC starts regulating it like securities. It might be too late, the SEC has started prosecuting some of the more egregious ones.
Do your own research, use third-party sources, and don't buy into the hype.
