Wave Sync Corp. (WAYS)

[Mr. Bill]

So, what might be going on here? Just trying to consider the possibilities and some possible outcomes.

* The company listed in their filings the shares had been cancelled. Somehow a screw up occurred and those shares which they claimed had been cancelled have been trading. Likewise, the RS they advertized never occurred. Remedy: If they cancel the shares after the fact they may create problems for their shell. The stock may get suspended and go grey. They may never be able to make it to the OTC BB. If they look the other way and allow existing shares to convert over into the new company then no shareholder revolt, they go to the OTC BB and have a merger. Seems like a win-win or lose-lose scenario IMO.
* Someone has been shorting the company believing the shares are worthless since it is a pink bankrupt company. Remedy: When they are forced to cover it will get very bloody for them. Let us hope this is the case. Shorters would need to buy back stock off the open market. Their broker would be next in line. If any MM was shorting this it would get costly for them as well. The company would like this as the higher the stock price the more attractive merger scenarios, etc.
* The restricted shares in the company can be traded since this is a bankruptcy. The company has been trading shares to get needed capital to support ongoing operations/mergers, etc. They go to the OTC BB and complete a merger.
* The company has been selling new "authorized" shares to get needed capital to support ongoing operations, mergers, etc. They go to the OTC BB and complete a merger.

Most of the possibilities seem like good ones with some of the possibilities being very good ones.

I guess time will tell.

If the float turns out to still be 30K then some very serious problems (and huge gains) will be in the cards.

What do I know? These are just guesses I see. Others feel free to come up with your own ideas about what might be going on.