WESTERN CAPITAL RESOURCES, INC. : Other Events (form 8-K)
July 18, 2022 at 09:07 pm
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Item 8.01. Other Events.
Western Capital Resources, Inc. (the "Company") is announcing that on July 18,
2022 it will file a Certification and Notice of Deregistration on Form 15 and
thereby effect the deregistration of the Company's common stock from the
reporting requirements under the Securities Exchange Act. The Company previously
disclosed in a current report on Form 8-K, dated May 17, 2022, its intention to
deregister its common stock. Such Certification and Notice will be immediately
effective upon filing, after which time, among other things, the Company will no
longer file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or
Current Reports on Form 8-K. In addition, the Company anticipates that its
common stock will no longer be traded on any over the counter market or other
recognized public market after the deregistration.
Forward-Looking Statements
Some of the statements made in this report are "forward-looking statements," as
that term is defined under Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934. These forward-looking statements are based
upon our current plans and expectations about future events. Whenever used in
this report, the words "believe," "anticipate," "intend," "estimate," "expect,"
"will" and similar expressions, or the negative of such words and expressions,
are intended to identify forward-looking statements, although not all
forward-looking statements contain such words or expressions. These
forward-looking statements generally relate to our plans and expectations with
respect to the Deregistration and its timing and our plans and expectation for
after the Deregistration is effective. Although we believe that our plans and
expectations reflected in or suggested by these forward-looking statements are
reasonable, we may not achieve these plans or expectations. We are not
undertaking any obligation to update any forward-looking statements even though
our situation may change in the future. Specific factors that might cause actual
results to differ from our expectations or may affect the value of the common
stock, include, but are not limited to, changes in legal requirements or
interpretations thereof, with respect to the Deregistration and unexpected
changes in the Company's financial condition in the years following the
Deregistration.
Western Capital Resources, Inc. is a holding company. The Company's segments are Cellular Retail, Direct to Consumer, Manufacturing and Consumer Finance. The Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. The Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories under the Jackson & Perkins, Park Seed and Wayside Gardens brands, and home improvement and restoration products operating under the Van Dyke's Restorers brand. The Manufacturing segment consists of Swisher Acquisition, Inc., a manufacturer of lawn and garden power equipment and emergency safety shelters. The Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.
WESTERN CAPITAL RESOURCES, INC. 
