West Coast Ventures Group Corp (fka WCVC)

[PennyHoper]

The last line of the article reads:

It isn’t clear yet in which Issuers BHP Capital still owns securities, but we’ll keep an eye out for the settlement agreement to get presented to the court, which should include a list of all remaining securities owned by BHP Capital slated to be canceled.

WCVC wasn't in the list published in that article, but we now know that it was a victim (or potential victim).

That BHC Capital had notes to cancel obviously means they didn't get to dilute WCVC to the full extent that they could have. It's an open question of whether Nixon refused to honor any conversions at all. (In the examples listed, once conversions started, they finished up pretty quick, just as they finished off the company's share structures that they diluted.)

Can an O/S be increased without the shares actually being issued? Do we know how many shares were available when WCVC went to the Expert Market?

From this Motley Fool article:
https://greenvillejournal.com/business-news/the-motley-fool-float-vs-outstanding-shares/

Note that a company may report both basic and diluted shares as outstanding. The “diluted” figure includes securities that could become shares, such as stock options, warrants and more, but that’s an area that gets complicated fast.

That implies that shares in the O/S could include shares that were not actually issued, but they had the potential to "become shares" by two example instruments (stock options and warrants), and "more", where "more" surely includes convertible notes.

We need Joe Botts to stop in right now to dash our false hopes that WCVC's bloated O/S might possibly be reduced, if not more substantially rescued, by canceled convertible notes.

And he can tell us how things are going on the Cape while he's at it.