Replies to post #23133 on West Coast Ventures Group Corp (fka WCVC)

[trader53]

WCVC Issuers May Recoup Hundreds of Millions



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The Basile Law Firm P.C. - Recent Court Wins

https://www.thebasilelawfirm.com/post/the-basile-law-firm-p-c-recent-court-wins

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OTC Market Issuers
May Recoup Hundreds of Millions
from SEC Actions against Toxic Lenders.

https://www.thebasilelawfirm.com/post/otc-market-issuers-may-recoup-hundreds-of-millions-from-sec-actions-against-toxic-lenders-for-their

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SEC Finally going after Toxic Convertible Note Debt Lenders

https://www.thebasilelawfirm.com/post/sec-finally-going-after-toxic-convertible-note-debt-lenders

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The Evolving SEC Actions Against Toxic Lenders

https://www.securitieslawyer101.com/2023/sec-takes-on-the-toxic-lenders/

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Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders

https://www.corporatecomplianceinsights.com/sec-toxic-lenders/

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SEC Pursues Unregistered Dealers,
Toxic Financing,
Toxic Convertible Notes

https://www.securitieslawyer101.com/2021/unregistered-dealers-toxic-financings-toxic-lender-toxic-convertible-note/

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SEC’s Dealer Crackdown Wins in Court, Alarming Investment Firms

https://news.bloomberglaw.com/securities-law/secs-dealer-crackdown-wins-in-court-alarming-investment-firms

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How Toxic Lenders are Responding to SEC Investigations and Enforcement Actions

The United States Securities and Exchange Commission (SEC)
has been investigating the convertible toxic note industry for a few years
and has recently filed several high profile enforcement actions
against several of these “lenders”
for violations of certain federal securities laws,
particularly failure to register as a “dealer”

A troubling pattern has emerged.

Many of these lenders are probably seeing the writing on the wall
as it is only a matter of time before the SEC comes after them.
It seems that while panic is slowly setting in,
lenders are becoming more and more aggressive
in attempting to settle outstanding and unpaid notes
and/or claim default and commence lawsuits for the same.

https://www.thebasilelawfirm.com/post/how-toxic-lenders-are-responding-to-sec-investigations-and-enforcement-actions

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[PennyHoper]

Hey, thanks for posting that. 'It is to laugh' (at toxic note-holders) in a WCVC-positive sort of way.

Basile's article is dated Aug 2023, but it makes me wonder whether the SEC is going after any of the toxic lenders that Nixon implied still held notes, per his last filing in late 2020.

Basile references "SEC v Almagarby, et al." which was initiated in 2017, and finalized in 2020 (date of published judgment; but note: remedies weren't ordered until 2021). If a 3-year time frame is typical, that might suggest that any SEC actions against Nixon's toxic lenders that started in, say, 2021, might be near their end.

But this is speculation, of course. We'd have to hear from Nixon himself if there were any suits against those lenders in that time frame.. (If there are any such suits, West Coast Ventures Group wouldn't be in the case title, so such a case might be hard to find via Google-search alone.)

Too bad Nixon never named his lenders in his filings.