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Posted On: 04/19/2018 7:06:32 AM
Post# of 9129
Nanologix has never had to pay OTCMarkets $3k - $5k for financials since Brett has become CEO. That's a PREMIUM service that OTCMarkets offers. It's not mandatory. The last time Nanologix used OTCMarkets filing service was in 2005, so clearly the discontinuation of financials has had nothing to do with that service. Furthermore, Nanologix filings are unaudited. As an accountant myself, I'm confident that none of them were compiled by an accountant, nor are they required to be for a dark company.
The majority of OTCMarkets revenue is generated by broker dealer fees (approximately 60% according to their annual 10-k). OTCMarkets didn't create their service. They simply purchased an already existing business that started in 1913 and changed its name. It was created because broker dealers wanted to make these smaller companies available to the public, which is why broker dealers pay the majority of the fees. You not have to provide financials in order to be listed on their website. Nanologix doesn't and they're still listed.
The majority of OTCMarkets revenue is generated by broker dealer fees (approximately 60% according to their annual 10-k). OTCMarkets didn't create their service. They simply purchased an already existing business that started in 1913 and changed its name. It was created because broker dealers wanted to make these smaller companies available to the public, which is why broker dealers pay the majority of the fees. You not have to provide financials in order to be listed on their website. Nanologix doesn't and they're still listed.
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