Edit to timeline of Ilegal Mezcal's interaction with WCVC (from my previous post about it):
2020-08-09 WCVC 10-Q, reports O/S of 3.4B shares
2020-09-09 Ilegal Mezcal files notice of opposition to Illegal Brands graphic logo; First 90 day request to extend to opposed
2020-11-17 WCVC: NT 10-Q Inability to file (on time); WCVC never files anything else with Edgar
2020-12-09 TRADEMARK BOARD NOTICE AND TRIAL DATES SET
2021-01-13 D MOT TO SUSP W/ CONSENT PEND SETTL NEGOTIATIONS
2021-04-02 1st P MOT TO SUSP W/ CONSENT PENDING SETTL NEGOT
2021-09-28 WCVC sent to Expert Market
2022-02-23 WCVC Registered in Florida
2022-02-24 REVOKED
2021-02-21 Xfer agent reported O/S of 7,002,518,141 (from T53 Post), an increase of 3.6B shares
One of T53's recent posts pointed out that in Feb 2022, which was AFTER WCVC stopped filing with Edgar, OTC Markets was reporting WCVC's O/S as 7B, as it picked up changes reported by WCVC's transfer agent.
WCVC's last Edgar filing that reported an O/S (filed Aug 19, 2020) said it was 3.4B.
So, AFTER Ilegal Mezcal began their Trademark opposition, and after WCVC stopped filing with Edgar, sometime after the last Edgar filing and Feb 2022, WCVC added about 3.6B shares. I have not been able to find any more info about changes to the O/S, so I will take T53's figure as a 'stake in the ground,' that the O/S became 7B in 2021.
A point I missed in my previous timeline post was that in January 2021, the Defence (D), Illegal Brands IP, filed a motion for settlement negotiations "with consent".
In early April 2021, the Trademark case shows that Ilegal Mezcal (as the Plaintiff, P), was taking the initiative to file for settlement negotiations, and did so throughout the remainder of the case.
So, once the companies began to settle, roughly 3.6B shares were added to the O/S. I don't have market data for how WCVC traded from that time until it was sent to the Expert Market in Sep 2021, but arguably those 3.6B shares were a little over half of the original O/S before the Trademark case began.
Since WCVC was not filing with Edgar, we don't know who might have become a majority shareholder (unless they would have filed on their own; but I don't know how the rules work for filing a significant acquisition of shares).
Writing speculative fiction here: Did WCVC create enough new shares to give someone a greater than 50% stake in WCVC right in the time-frame that Illegal Brands IP and Ilegal Mezcal began Trademark settlement negotiations?
Is that settlement really just over the graphic logo that says 'Illegal Brands" on hats and shirts? Was that what they were negotiating about for 2 years?
Keep in mind that at $.0001/share, 1B shares is only $100,000, not really all that much for new capital expenditures. $360,000 isn't really all that much either.
But who would be interested in owning slightly over half of WCVC at about the time Ilegal Mezcal was trying to acquire an interest in the Trademark "Illegal Brands"?
--
p.s. Thanks to you-know-who-you-are for that phone chat.
