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Re: CL601R post# 17966

Monday, 05/29/2023 9:32:21 PM

Monday, May 29, 2023 9:32:21 PM

Post# of 22359
Yes, "we" retail penny-flippers "need to see WCVC relisted" so that, at the least, we get our money out of it, and maybe make a long-awaited profit if we bought in at a low-enough price.

Personally, I don't think Nixon cares about penny-flippers at all. If he's going to bring WCVC back to public trading, it's not so you and I can trade again. He's going to do it because there's some benefit to WCVC in the here-and-now.

With an A/S of 10B, and a last-known O/S of a little over 7B, if WCVC opens at and stays at .0001, that's only ~$300K left, which isn't really all that much. He doesn't need to bring WCVC back to life for only that much.

If Nixon relists and does an immediate reverse split, such that his filings show NO real value to his stock (i.e., he'd stay at .0001 if he didn't R/s) then he might make a few more bucks while totally shafting existing shareholders, but that would suggest that his business is failing, and that he's desperate for cash, and he'll grab it any way he can before having to shut down

Based solely on what I've been finding this last year+ (and posting about), I don't have the impression that Nixon's business is failing. Instead, he seems to be changing focus (away from burgers, pizza, and CBD, and toward Mexican food, which is popular everywhere).

Since
* it also seems to be true that Ilegal Mezcal -- which is already successful -- has an interest in the "Illegal Brands" trademark that Nixon owns,
* AND market interest in mezcal is VERY hot (plus Ilegal Mezcal is nice and pricey all by itself),
* AND Ilegal Mezcal has been negotiating a settlement over the Trademark opposition that it started; and when does a plaintiff decide to settle a business action that it initiated, when the defendant didn't do it any wrong in the first place?;

does that sound like Nixon is failing, or rather, does it sound like he has the upper hand in some way?

Nixon sold, or maybe gave out, 3.6B shares during 2021, which was during the first year (!!) of settlement negotiations (and note: he wasn't filing, so we don't know who those shares went to).

If that wasn't just a retail release out of desperation, because he needed a few bucks in addition to his PPP loans, then whomever is holding the majority of those shares just might like to see them increase in value when Nixon re-lists, and is actually expecting them to gain value.

In my opinion, Nixon will re-list for the advantage of WCVC and any business partners (i.e., not mere retail penny-flippers); otherwise he will just stay dark with the SEC's tacit blessing.

Oh - and as a reminder, the 2023 Florida filing shows that Nixon changed the transfer agent of Nixon Restaurant Group (a sub-corp of WCVC) to "Hamilton and Associates Law Group PA":

https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=NIXONRESTAURANTGROUP%20P150000841150&aggregateId=domp-p15000084115-b9e0da33-7c5b-480a-a81d-8ff90b1401f3&searchTerm=nixon%20restaurant%20group&listNameOrder=NIXONRESTAURANTGROUP%20P150000841150

What is Hamilton good at? In their own words:
"Since its inception in 1999, Hamilton & Associates Law Group, P.A. has provided services in the area of corporate finance, and securities law specialilzing in going public transactions and direct public offerings. The firm has represented more than 300 market participants in corporate finance and securities transactions since its inception. The firm represents issuers, corporate officers and directors, shareholders and other financial market participants in all areas of securities law and corporate finance. The firm has a substantial practice involving its role as the securities lawyer in the going public process including initial public offerings, direct public offerings as well as domestic and international exchange listings."

Here's what Hamilton thinks of the majority of sub-penny stocks that deserve to be relegated to the Expert Market (and/or Grey Market):
https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/

Question: Why would Hamilton agree to be Nixon's transfer agent if he's only dinking around as yet another low-life sub-penny stock that isn't going to go anywhere but oblivion if he re-lists?

In closing, to rehash: Nixon doesn't care about penny-flippers, but I'll bet he does care about investors and corporate partners who see his company as a future, if not current, success story.

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