Some brokerages (Scottrade, Fidelity for example) no longer permit buying of Caveat Emptor stocks in order to protect the investor community from potential fraud. So if for example I had an account at Fidelity and owned 1M shares WGAS and the ticker acquired a CE symbol, I could hold the security or sell it, but not purchase it.
It seems to be a simpler strategy for WGAS to not file, drop to Pink Limited, then Pink Stop and over time acquire a CE symbol. Then there's no reporting of anything (incriminating or benign). After several years nothing will have been filed and no-one will do anything when trading in the security resumes.
Even with 2.5B O/S its a viable strategy for WGAS re-reporting in 2-5 years, but it would be much better to complete the R/S first and try to clean out all the debt in the company between now and re-reporting via share swaps, debt write-offs and other transactions.
If there was something incriminating against WGAS, the SEC, FINRA, FBI or some regulator would already know about it.
Market Data 
Markets 
AI
