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Re: 71chris71 post# 18463

Monday, 08/28/2023 12:19:36 PM

Monday, August 28, 2023 12:19:36 PM

Post# of 22999

He does not have the money to do so ...



Not fighting with you -- but we both know that we don't know if he has or does not have money.

He was able to open the 2nd Kalaka restaurant without stock-sale money, and he bought and refurbished the El Caza restaurant without stock-sale money.

Of course, getting back on the market would suggest trading would be good for his company, but with only roughly 3B left in his O/S before he hits the A/S, at $.0001/share that's only $300K, which isn't really a lot for any kind of big-time expansion.

He could, of course, expand his A/S, but he'd still be selling shares at $.0001/share.

A dreaded R/S would temporarily increase his share price, but the R/S's I've seen .0001 stocks take almost instantly plunge back to .0001/share. It makes traders a few bucks in a short time, but companies that want to expand almost NEVER benefit from reverse splits off of a .0001/share share price. Instead their graves get dug and they hop in.

A ways back, WCVC did suffer from stock manipulation by bad guys who got caught and spanked hard by the SEC (the SEC and maybe a court or two put them out of business). I think Nixon's NRG agent even reported on those bad guys and their attempts to manipulate WCVC. So I'd argue that if Nixon is taking advise from his new agent, hopefully she will keep him from behaving like the stock-scammers she regularly reports on when they get caught and punished.
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