Yes I did see those.. I wonder what the percentage is? Of the thousands that go unlisted deleted revoked.... His track record of stocks that go to the expert market, Gray market , revoked is amazing..
To qualify for the Current Information tier, companies must make the following information publicly available on a timely basis (90 days after fiscal year-end for Annual Reports; 45 days after each fiscal quarter end for Quarterly Reports).?
Financial Statements: Two most recent Annual Reports and any subsequent Quarterly Reports
Disclosure Statement: Most recent Annual Report and any subsequent Quarterly Reports
Audit opinion letter or an Attorney Letter covering all the requirements of the Attorney Letter Guidelines (non-audited companies)
The Attorney Letter is an alternative to having audited annual financial statements.
To remain in the Current Information tier, companies must post a new Attorney Letter within 120 days of their fiscal year-end.
The purpose of the Attorney Letter is to confirm that an attorney, who is permitted to practice before the SEC, has examined the company’s disclosure and determined that the information constitutes adequate current information and complies with the Guidelines.
However, publishing an Attorney Letter does not guarantee that a company will move to the Current Information tier. Securities Attorneys must follow a detailed set of guidelines when preparing these letters, and the letters are often not in accordance with those guidelines. OTC Markets works with the issuer’s securities attorney if they have questions about the guidelines, but it is ultimately the securities attorney’s responsibility to review the content of the disclosures. There are certain legal and other service providers, the OTC Markets has prohibited for not meeting their professional responsibilities including securities lawyers and accountants.
OTC Markets Group, Inc. 304 Hudson Street, Third Floor New York, New York 10013
RE: Attorney Letter with Respect to Adequate Current Information of West Coast Ventures Group Corp (the“Issuer”) for the year ended December 31, ____
I represent West Coast Ventures Group Corp , (Symbol “WCVC”), a Florida corporation (the “Issuer”), as its legal counsel, and have been asked to prepare this Letter of Counsel (the “Letter”), in accordance with the applicable laws of Florida and the United States, regarding its corporate operations and level of disclosure of corporate information.
I am a resident of the United States and licensed to practice in the state of Florida. I am also permitted to practice before the Securities and Exchange Commission (the “SEC”) and have not been prohibited from practice thereunder. I am not now nor have I ever been the subject of an investigation, hearing or proceeding by the SEC, the U.S. Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), or any other federal, state or foreign regulatory agency. I am not now, nor have I ever been suspended or barred from practicing in any state or jurisdiction, nor have I ever been charged in a civil or criminal case.
I have been retained by the Issuer for the purpose of rendering this letter and for the purpose of reviewing the current information supplied by the Issuer. I do not beneficially own any shares of the issuer’s securities and have no agreement to receive shares of the issuer’s stock in the future for payment for my services or for any other purpose.
I have examined such corporate records and other documents and such questions of law as I considered necessary or appropriate for the purposes of rendering this Letter. I have reviewed specific documents concerning the Issuer (the “Information”) in connection with the preparation of this Letter. The Information is listed below with the date it was posted through the OTC Disclosure and News Service (the “OTC News Service”), if applicable:
a) Issuer’s Quarterly Report for the period ended ______________,posted on ____________.
b) Issuer’s Quarterly Report for the period ended ___________, posted on ____________
c) Issuer’s Quarterly Report for the period ended ___________, posted on ____________
d) Issuer’s Annual Report for the period ended ___________, posted on ____________
e) Issuer’s Annual Disclosure Statement for the period ended ___________, posted on ____________
The Issuer’s financial statements for the Annual Report for the period ended ______________ were prepared by ________________, the Issuer's outside accountant. __________________ is a CPA, licensed in the state of Florida.
The Issuer’s financial statements for the Annual Report for the period ended ______________ were not audited.
I have also examined other related corporate information as necessary and information provided by the Issuer’s management for the purpose of this letter. As to matters of fact, I have relied on information obtained from public officials, officers and directors of the Issuer and other sources that I believe to be reliable.
Additionally, I have personally met _____________, the sole Director, Chairman, Chief Executive Officer, and majority shareholder of the Issuer. I have discussed the Information as posted by the Issuer through OTC Disclosure & News Service and reviewed the Information, as amended, published by the Issuer through the OTC Disclosure & News Service. All of the information I requested as a basis for this opinion has been provided to me, and I believe the sources of information reviewed are reliable.
I have confirmed with _____________ that he is not aware of any investigation of the Issuer or of any beneficial owner, officer, director or legal counsel of the Issuer by any federal or state regulatory authority, including the SEC, for any violation of federal or state securities laws.
I have reviewed the definition of current information set forth in SEC Rule 144 (c) 2 under the Act (“Other Public Information”) as well as the relevant provisions of Rule 15c2-11 of the Securities and Exchange Act of 1934 (the “Exchange Act”), and the OTC Markets Group’s Pink Basic Disclosure Guidelines for Providing Adequate Current Information. In my opinion, the information provided:
▪ constitutes “adequate public information” concerning the Securities and the Issuer and “is available” within the meaning of Rule 144 (c) 2 of the Act;
▪ includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Exchange Act;
▪ complies as to form with the OTC Markets Group’s Pink Basic Disclosure Guidelines for Providing Adequate Current Information, which is located at www.otcmarkets.com; and
▪ has been posted through the OTC Disclosure and News Service.
The opinions and conclusions contained in this Letter are based upon the information and facts made available to me and are solely based on the accuracy of such information and facts. Further, I have reviewed all prior disclosures, as amended (the “Prior Disclosures”) posted by the Issuer with the OTC News Service. All such Prior Disclosures are believed to be accurate and reliable. In the event that the Information, facts, and Prior Disclosures are determined not to be true, this Letter is rescinded and to be deemed null and void.
The transfer agent for the Issuer is ___________, who is registered under the Securities Exchange Act of 1934. Their address is , and their telephone number is .________________
I have received a copy of the shareholders’ list dated _______________, prepared by _______________, which confirms that the number of shares issued and outstanding as of the date of this attorney letter is ________________
The Issuer is not now nor has it ever been a “shell” corporation as defined in Rules 405 of the Securities Act of 1933 and 12b-2 of the Exchange Act of 1934. My research of public filings supports this statement
The OTC Markets Group, Inc. (“OTC Markets Group”) is entitled to rely on this Letter in determining whether the Issuer has made adequate current information publicly available within the meaning of Rule 144(c)(2) of the Securities Act of 1933 (the “Securities Act”). No person or entity other than the OTC Markets Group is entitled to rely upon this Letter. OTC Markets Group is granted full and complete permission and rights to publish this Letter via the OTC Disclosure and News Service for viewing by the public and regulators.
Very Truly Yours Brenda Hamilton, Esq For the Firm