West Coast Ventures Group Corp (fka WCVC)

[PennyHoper]

There is no public information about the potential future status of the stock other than its SEC status of being revoked.

However, the information about the company that is public -- what can be found on websites, Linkedin, job boards, and state filings -- might be interpreted as encouraging.

Examples are:
* the company is operating 7 restaurants under 4 brands -- Illegal Burger (2), Kalaka Mexican Kitchen (2), Takiza Taco & Tequila Bar (2), Bodega Taco & Margarita Bar (1), the last two brands being new;
* "West Coast Ventures Group Corp" as a company name in its resident state (FL) has been allowed to expire and is delinquent as a foreign corporation in CO. Its website is gone (captured by a domain squatter which now forwards to a gambling site);
* "Nixon Restaurant Group" as a company (LLC) name has been kept current in FL and as a foreign corporation in CO;
* Several years ago Nixon created Nixon Restaurant Corp in CO and somehow connected the assets of West Coast Ventures Group Corp to it;
* the company has a new VP -- Todd Levick -- who came from 5280 Burger Bar;
* a quirky job listing on indeed.com seems to connected Nixon Restaurant Group jobs with "5280 Burger BAra" [sic] jobs;
* the 4 Nixon Restaurant Group restaurants all have Facebook pages and websites of varying quality (B- to B grade for consistency, look-and-feel, etc);
* Nixon hired Hamilton & Associates Law Group P.A. as its Florida agent for Nixon Restaurant Group (where Brenda Hamilton seems to be a knowledgeable securities lawyer, and has been associated with Nixon since before he took Nixon Restaurant Group public as WCVC).

Other things to be interpreted as you see fit:
* Nixon got PPP loans during COVID19 and either paid them off or they were forgiven;
* Nixon paid off debt to a toxic lender at about an 80% discount around the month/year of his last filing;
* Another toxic lender was spanked hard by the SEC and had to cancel an unknown amount of convertible notes of WCVC shares;
* Nixon fought a 2+ year battle with Ilegal Mezcal over trademark rights to "Illegal Brands" that was settled, but the results were never revealed;
* Nixon seems to have abandoned the Illegal Brands brand (no more CBD water; the website was abandoned);
* Nixon closed Illegal Pizza in Lauderhill TX and fought a landlord suit that seems to be over, and was possibly resolved in Nixon's favor, plus the LLCs have been dissolved;
* Nixon bought out, re-opened, and then closed El Cazo Mexican Kitchen, which looks like an attempt to establish a new brand that didn't work out. The LLC was allowed to expire.

Side notes:
* Takiza Taco & Tequila Bar took 2+ years to establish. The place on Wynkoop St in LoDo Denver was announced first, and seems to have been mired in red tape before finally opening. The first place that actually opened was a rebranded Illegal Burger place.
* Bodega Taco & Margarita Bar was never announced, but just happened. Nixon sacrificed another Illegal Burger place for its sake.
* At the time the plans for the Takiza place(s) to be opened was announced, a 2nd Kalaka Mexican Kitchen was announced, and it opened.
* These all indicate a purposeful, more serious shift into Mexican food over burgers. Yelp and Google reviews indicate these places are doing reasonably well.

I've probably missed a few things, but you'll get the gist of what is happening with the company from the above.