(Total Views: 619)
Posted On: 06/17/2021 2:37:48 AM
Post# of 9162
Re: erickarther #8338
agree it seems like NNLX is choosing option c to me-
the new sec rule leaves no option-if you want to remain tradeable -unless the sec agrees to some loophole which is not even being discussed in the last sec rule update
[brokers dont want to mess with a loophole which causes them more work -to determine whether one is an accredited trader- and what vehicle would be used to allow an accredited trader to see quotes anyway when nobody else could]
unless NNLX expends the ca 5-7l/yr to upgrade to pink current and thus remain tradeable- they wont be able to raise money via stock equity - and the ability to raise money via a bank depends on ones abilty to raise the funds to pay back the bank-- by far the biggest reason to become a public company is being able to raise money by issuing stock- without that ability they couldnt raise money from a bank.
the stock frozen by the dtcc cost me 200k and it cost some others more than that -those who had stock frozen by the dtcc in violation of the constitution and the rules of law have read and posted many long articles re the murky dtcc
what started that charade to my memory is some restricted stock- a small amount- maybe $6000- issued by a broker in boca raton florida (1 of the scam capitols of the usa barely above sea level) was issued into the mainstream before the required time to hold it before it could legally become free trading (6 months to a year, depending...)
that would be like the usa confiscating all cash in the money supply without compensation just because theres some counterfeit in the money supply
imo the stock market and many of its feeders and mutant groups is/are saturated by fraud -and so after many such groups profited by taking their bite out of the stock the dtcc froze the stock and eventually confiscated it
such bizarre things cannot occur in the real world but the market is not part of such world
so it imperative for co's to stay out of trouble before they encounter such a feeding frenzy- if NNLX understood any of the warnings in my posts over the years they would spend 5-7k/yr to upgrade to pink current -thats the only way to remain viable as a public company
if they cant afford 5-7k/ yr they certainly cant afford the 5- 15 million necessary to take the co private
and why would they want to take the co private - the updates dont show an imminent commercial breakthrough-the only way to get a grey knight to front the money for a buyout
the new sec rule leaves no option-if you want to remain tradeable -unless the sec agrees to some loophole which is not even being discussed in the last sec rule update
[brokers dont want to mess with a loophole which causes them more work -to determine whether one is an accredited trader- and what vehicle would be used to allow an accredited trader to see quotes anyway when nobody else could]
unless NNLX expends the ca 5-7l/yr to upgrade to pink current and thus remain tradeable- they wont be able to raise money via stock equity - and the ability to raise money via a bank depends on ones abilty to raise the funds to pay back the bank-- by far the biggest reason to become a public company is being able to raise money by issuing stock- without that ability they couldnt raise money from a bank.
the stock frozen by the dtcc cost me 200k and it cost some others more than that -those who had stock frozen by the dtcc in violation of the constitution and the rules of law have read and posted many long articles re the murky dtcc
what started that charade to my memory is some restricted stock- a small amount- maybe $6000- issued by a broker in boca raton florida (1 of the scam capitols of the usa barely above sea level) was issued into the mainstream before the required time to hold it before it could legally become free trading (6 months to a year, depending...)
that would be like the usa confiscating all cash in the money supply without compensation just because theres some counterfeit in the money supply
imo the stock market and many of its feeders and mutant groups is/are saturated by fraud -and so after many such groups profited by taking their bite out of the stock the dtcc froze the stock and eventually confiscated it
such bizarre things cannot occur in the real world but the market is not part of such world
so it imperative for co's to stay out of trouble before they encounter such a feeding frenzy- if NNLX understood any of the warnings in my posts over the years they would spend 5-7k/yr to upgrade to pink current -thats the only way to remain viable as a public company
if they cant afford 5-7k/ yr they certainly cant afford the 5- 15 million necessary to take the co private
and why would they want to take the co private - the updates dont show an imminent commercial breakthrough-the only way to get a grey knight to front the money for a buyout
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