West Coast Ventures Group Corp (fka WCVC)

[trader53]

Fact: I was up $879K, Jim was up $22M

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Insider Trading:
Can result in imprisonment

Illegal Insider trading:

occurs when insiders
buy or sell shares
based on material
non-public information.

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March 08, 2024

Jason in Denver

Guys--

I can't fully discuss what Jim Nixon and I talked about
for various legal/ethical reasons.

Okay lemme address several things that were discussed as best as possible.

Brenda Hamilton
has been around since the beginning,
so Jim was puzzled when I mentioned her,
and he remembers me meeting her
at the downtown IB grand opening in 2017(?),
which I vaguely do.

(There were lots of attorneys at the grand opening).

I asked about the Mescal/Illegal issue
and he said that it was settled,
that Mescal just wanted to see if they could steal it,
Jim said "No",
and it was dropped with months of time having passed,
and he never got money out of it.

As for the revocation,
the amount of money it would take to keep current on the Form 10
(I believe) was insanely expensive,
not something that was expected,
something like a "hidden cost".

I looked it up; it's generally about $75K to file,
and Jim would actually have to close a restaurant just to file,
to cover this cost.

He did have an Illegal Pizza in Florida that underperformed,
as did, oddly, the illegal brands merchandise.

The Florida operations I haven't heard much about,
but Jim does a fair bit of travel in winter,
so it wouldn't surprise me if he had listings/interests down there.

There wouldn't be institutional demand on a delisted stock necessarily,
but I'm referring to when it was actively trading.

Since I actively trade the markets,
I have to account for different scenarios; as an investor,
I'd like to be in on the ground floor
and build a position as the brand grows, long term.
Lacking that, if my investment is lost,
I could always go long and let the trapped sellers (shorts too),
get squeezed and do so without purchasing stock through Jim Nixon;
I'd simply open market buy.

Another scenario is simply that WCVC vanishes entirely,
at which I'd have to look elsewhere for opportunity,
and my initial investment would be gone.

Jim also mentioned hemorrhaging money
during the entire venture;
he's not happy with Wall Street,
and for good reason,
and I can't believe that he'd trust them for anything at this point.

Fun Fact: When I was up $879K, Jim was up $22M.

Likely I don't have much more information,
except to say it'll probably take tons of money and attorneys
to bring SEC filings to current status.

I'll check Takiza out in Arvada
and see if the foot traffic and Saturday night crowd is good,
and Wynkoop as well should it come on line.

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