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Tuesday, 12/12/2023 9:36:24 PM

Tuesday, December 12, 2023 9:36:24 PM

Post# of 22798
Brenda Hamilton's views on why stock suspensions and revocations are in the public interest (undated article):
https://www.hg.org/legal-articles/dead-stock-walking-sec-trading-suspensions-of-dormant-issuers-52627

I think she makes some pretty good arguments overall for how bad guys abuse certain stocks which suspension or revocation prevents.

I did find this statement in particular kind of interesting:

Some critics claim SEC trading suspensions and revocations of inactive public companies are a waste of taxpayer money and SEC resources that should be spent fighting fraud.

They are wrong. There is a legitimate reason for these actions: to prevent the company from being hijacked and/or used in a pump-and-dump scheme after a reverse merger transaction.



This specifically calls out risks of a company being "hijacked" or "used in a pump-and-dump scheme after a reverse merger."

Was there a risk of WCVC being hijacked somehow?

Even though WCVC had not just recently undergone a reverse-merger, was there a threat of a pump-and-dump scheme?

Was there some other unlisted threat?

[And we all know: WCVC was never actually ever inactive. It was just a little bit 'under the weather.']

--
Now, given that WCVC is revoked, what has lead Brenda to have enough sympathy for WCVC to have accepted Nixon's offer to rehire her?

Arguably we can rule out that Nixon himself is pulling some kind of fraud on share-holders. But what, oh what, could the plan be? (And, is it Nixon's "Plan A" or "Plan B"?)

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