daman45
4 years ago
I have noticed steady buying (heavy buying at times) over the past few months, where alot of $$$ has gone into WIFT. More action then I normally see in a stock trading on the expert market that has nothing happening. This could be a sign that this could be revived in the near future, by a shell custodian perhaps. Before the company folded.....they were making settlements on alot of the debt they owed with creditors. Whatever debt they may have still had left after settling with creditors back at that time, has likely passed the statute of limitations. Also, I'd be willing to bet that the O/S here is super low considering they executed a 1/1000 reverse split just before they were suspended. Last O/S listed on otcmarkets was 17k shares. Obviously, O/S is not that low but I would still be willing to bet it has a tiny share structure. I have bought a few hundred k shares here as a lotto. I have seen stocks like this come back to life (grey to pink). They can surprise you.
sidedraft
11 years ago
This page has many bits of information:
http://www.otcmarkets.com/stock/WIFT/profile
After 4 days of being suspended, a market maker has to be convinced that WIFT is a real company, and send in a Form 211, FINRA has to approve it. Until then WIFT will languish on the greys, without any market maker making a market for WIFT,[no BID, no ASK].
It can be bought and sold, but most people have to call in their orders, no online trading.
It rots.