West Coast Ventures Group Corp (fka WCVC)

[trader53]

WCVC Lawful Exit Requires Fair Compensation to Shareholders


A lawful exit
from the public markets
requires a strategic, deliberate,
and legal process
that fairly compensates shareholders.

WCVC Cannot Simply Go Private By Being Revoked
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176777102

__________________________________________________________________


The legitimate process for a company to go private

To successfully "go dark,"
a company must complete two actions:
delisting and deregistration.

1. Delisting from an exchange:

* First, the company voluntarily removes its shares
from a major stock exchange by filing a Form 25 with the SEC.

The company must give public notice via a press release
and its website at least 10 days before filing the Form 25.

2. Deregistering with the SEC:

* To cease mandatory reporting requirements,
the company must also deregister with the SEC.

To do this, it must reduce its number of shareholders
below a specific threshold—
generally fewer than 300 "holders of record".

* This is typically achieved through a "going private" transaction,
such as a tender offer, where a controlling shareholder
or a private equity firm offers to buy back all outstanding shares
from public investors.

* Alternatively, a company can execute a reverse stock split
to force out smaller shareholders, cashing them out in the process.

* Once the shareholder count is low enough,
the company files a Form 15 with the SEC
to suspend and later terminate its reporting obligations.