Wilson Leather WLSN?

Question

I know its a crappy penny stock but how do you think there new concept will do with the new studio stores. currently trading for .09cents a share so is it worth investing 200$ in it and letting it ride to see what happens lol?

Answer 1

(1) There is no company named Wilson Leather anymore nor any ticker symbol WLSN. The company "sold its outlet store and e-commerce assets to AM Retail Group, Inc. ... for a total purchase price of approximately $22.3 million. In connection with these actions, Wilsons Leather changed its name to PreVu, Incorporated." It now trades as PRVU.

(2) The company is being delisted from the Nasdaq Global Market, with trading being suspended Monday.

(3) I have not seen any news release explaining how the company expects to make any money in the future.

I cannot see the future, but if I had to bet I would bet that buying this stock at nine cents per share would be a way to lose money.