This can be voluntary, when the company chooses to do so for strategic or financial reasons, or involuntary, when the exchange forces the company to delist.
Companies may want to delist for a number of other reasons:
Make short-term profits.
If a stock trades below its intrinsic value, the company may repurchase its own shares to profit over the short-term before delisting.
This can also produce rewards for current shareholders, giving them considerable returns
While you can still sell your shares when a company trades over the counter, the bid/ask spreads may be relatively wide, meaning that buyers willing to pay your desired price are scarce.
Although some brokerages restrict such OTC transactions, you generally can sell a delisted stock just as you would a stock that trades on an exchange.
A delisted stock can continue to trade over the counter for years
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby is, revoked.
The revocation is effective as of February 24, 2022
Way to Restore a Section 12(j) Issuer’s Exchange Act Registration
For issuers with sufficient resources and tenacity, the entry of a Section 12(j) order does not have to be a death sentence.
Nothing in the Exchange Act or the Commission’s rules and regulations prohibits a 12(j) company from restoring its Exchange Act registration and re-commencing the filing of periodic reports.
Most issuers who decide to pursue this solution will file a Form 10 registration statement, complete with audited financial statements and unaudited interim financial statements as appropriate.
Form 10 registration is not the only way to restore Exchange Act registration for 12(j) issuers.
Filing a Form S-1 registration statement brings the issuer back to “fully reporting” status.
Filing an S-1 registration statement allows the issuer to register outstanding shares that were deemed to be “free-trading” before the entry of the 12(j) order, placing those shareholders in the same position they were in before the order.
WCVC Security Details Share Structure Market Value1...............$700,252 a/o Mar 04, 2022 Authorized Shares..10,000,000,000 a/o Feb 21, 2022 Outstanding Shares..7,002,518,141 a/o Feb 21, 2022 -Restricted.....................294,560,229 a/o Feb 21, 2022 -Unrestricted.............6,707,957,912 a/o Feb 21, 2022 Held at DTC.............6,651,950,904 a/o Feb 21, 2022 Float............................223,350,198 a/o Nov 07, 2019 Par Value 0.001
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