Joe Bott's types "It's revoked" (about WCVC) every chance he gets, but he isn't telling you the truth about revoked stocks as a whole.
The majority of revoked stocks deserve to be revoked and stay revoked forever. However, the SEC doesn't prevent all revoked stocks from coming back to life.
Depending on the reason for revocation -- in WCVC's case, it stopped filing its financials -- the company may get its act together and overcome the reason it was revoked.
In WCVC's case, it could file its financials (and probably one or two other things needed) and return to trading.
It's really up to 'the management;' and it also depends on business conditions. They have to be favorable to make a return to trading worth while (shareholder feelings notwithstanding).
If you haven't been following this board, then you should know that WCVC borrowed money from toxic lenders who converted their notes into shares and blew out the O/S (although some of those shares in the O/S may represent potential shares from unconverted notes). So if WCVC comes back to life, likely it will only be when it feels that the value of the stock (in some way) reflects the real value of the company, which is operating and has expanded (slightly) since it was revoked.
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