We're sort of teetering on the edge of the difference between Astronomy and Astrology.
With hard facts, 'the math,' and known laws of the universe, Astronomers can make pretty accurate predictions that something specific will happen. [E.g. there will be an eclipse of the sun or moon. The sun will rise and set at specific times, as will constellations. & Etc.]
The problem with WCVC is that we can see some of the facts -- WCVC appears to have an unsolicited bid, it has active restaurants, it is actively using social media to advertise, Nixon re-hired a crack-shot securities lawyer as his agent for NRG, a very long and dragged out trademark case brought by Ilegal Mezcal (now owned by Bacardi) has ended, and prior to its end there were 2-years of 'suspension for settlement negotiations' -- but we just don't have enough information, including full knowledge of all of the security laws, to make a 100% sure prediction that Nixon will refile to bring WCVC (or a name-equivalent) public.
[Also, Nixon broke the 'laws' about public filings, got revoked, and has mostly gone silent. At least the penny players think that is unethical.]
So in some respects, we are hanging an astrology-like prediction of success on visible facts without proof of their surety.
You all know that I am hopeful about WCVC since I hold a position that is sizeable for me, but Nixon is holding back either good news or bad news, and nothing we can do -- like cheer ourselves on -- will change his decision making since we hold no leverage over him.
Hopefully he has business backers that do 'hold leverage' over him (or whom he is leveraging); and we know that his agent Brenda Hamilton is not only top notch but is a vehement, pro-active, anti-stock/investment fraud crusader. So I like the way her presence spins the odds in shareholders favor.
But, if he's on the up-and-up, Nixon is playing a long game. He doesn't care about penny stock players.
However, to play his long game, he eventually has to get 'back on the field' and go public again.
As mentioned he has rehired the perfect coach.
Unlike Nixon not caring about penny players, market makers probably do, since they make their money on trades. They are only too happy to take penny players money.
If the (unsolicited) 'bid' showing in Schwab is real, and comes from a market maker, then -- as Trader53's recap posts have shown -- the SEC rules require them to have validated the financials, which they can do privately (from the company or its agent). That's another good sign, but because Schwab claims this 'bid' is really a "glitch," we're back to 'astrology'.
Maybe an expert will weigh in. There are experts on ihub lurking here and there. So far, none have stopped in to deliver a cold-water splash of reality. (Just saying 'the stock is revoked' doesn't count.)
Lastly, per a review of the SEC revocation order, WCVC did have "market makers" (plural), and was eligible for the piggy-back rule to be applied.
I'll bet that Nixon hasn't forgotten who they were, and they haven't forgotten about WCVC. But surely they won't wait on Nixon delaying forever and ever, like he is delaying his Takiza Taco places. If they conclude "coming soon" really means "coming never," then I suppose we'll see our Schwab accounts reset to zero.
If that happens, maybe Joe Botts will still have a drink with me at a nice place in Cape May (as consolation; with or without reading a few Weird New Jersey stories together).
