trader59
4 years ago
The company was suspended because it is dead, hasn't filed a single thing in years and years, no news posted in years and years, yet there was a pump working on Twitter and other social media. It is the "typical" zombie stock play, front load it then begin the tweeting talking about the volume of the front loading being an indication that "somebody knows something, buy stock and we'll find out..."
The SEC suspended it because, as everybody knows, the company is dead and none of the "speculation" is real.
archilles
4 years ago
Suspension will be lifted on March 5 per the SEC Document.
".. IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EST on February 22, 2021, through 11:59 p.m. EST on March 5, 2021 by the Commission..."
It is very typical and "normal" for an OTC to get suspended and gets back in business afterward.
WGI Holdings, Inc. operates oil and gas wells in Oklahoma and also distributes petroleum products. The company was formerly known as Datatrak, Inc. and changed its name to WGI Holdings, Inc. in March, 2007. The company was founded in 2006 and is based in Kew Gardens, New York.