All NNLX has to do to be cancelled is to continue to ignore the rules for a public company -the otcmarket finra sec rules etc- none of those organizations have been on longs side imo ever since 2009 and have restricted and or killed 5000 stocks or more since then
all those organizations believe a company which does not follow its transparency rules to be a scam
so finra can declare a ticker dead- the dtcc can chill and then freeze a stock and then in effect declare its ticker dead
NNLX is not SEC reporting in any sense so SEC cannot directly declare NNLX dead but failure to follow the new SEC 15c211 rule will eventually result in one of the above declaring NNLX dead
leaders of the shorting cartels who seem to work with the SEC etc since 2009 like to brag how only one stock out of a thousand can come back from a SEC declaration freezing a stock
I dont know of any stock coming back after dtc delists despite their professing due process white papers under pressure -which somehow owns title to almost all usa stock
i'm not going to bother looking up exact numbers or forms since nobody seems to understand but there is a group of perhaps 1800 stocks which were in effect given something like 18 months to comply w the new sec 15c211 or be kicked off
to my knowledge NNLX is not part of that group but they will be deleted or delisted/ticker killed in time if they do not comply w 15c211 - those grace periods of time have been getting increasingly shorter since 2009 under the philosophy that all business is evil and must therefore be destroyed- this is all part of a post ww2 many pronged attack to destroy america from the inside to eliminate the only force which has been holding back the 5th branch of govt - the behind the scenes groups which brag about controlling nations and starting wars - this behind the scenes asymmetric warfare has increasingly erupted into the open in the last few years which makes it hard for me to understand how many still cant see it- but interventions will come shortly to open the eyes of those who arent already completely dead
without complying as i;'ve said no broker or more at market maker would fill out a 211 form to back the stock as a mm- mm is not allowed to charge for the 211 form but makes its money off the dozen or more ways (see e.g 4kids9pets) mm's manipulate stocks on exchanges for profit- if NNLX doesnt fill out the otcmarkets.com otciq form and provide the required financials it will face increasingly illiquid trading until one agency or another removes its ticker etc - so no mm will back NNLX until NNLX complies nor would FINRA accept a mm 211 until NNLX complies
once a ticker is removed the company no longer exists publicly-stock holders are left out in the cold without even the benefit of the due process of bankruptcy proceedings- in which common stockholders will be far back in the line as far as creditors anyway
stockholders can sue for NNLX violation of fiduciary duty and perhaps win that as that seems to be violated
or sue for negligence
cant prove criminal intent- and the 9 elements of fraud have to be proven by the highest standard- clear cogent and convincing proof -which is not possible to prove-NNLX knows this
One of Brets lawyer brothers was on the board for years -dont know if he still is because its possible -from what i've seen -that NNLX has not updated even the minimal company information posted on otcmarkets.com under company information since 2012 as i've posted several times
and his superlawyer brother- so bret may not have attorney fees out of pocket, whereas stockholders will- NNLX knows this and thus doesnt have any real incentive if they want to ignore the rules and this be "forced" to go private.
even if the political landscape in all 3 branches changes suddenly so justice is again possible that doesnt mean the stubborn unelected 4th branch with which we are dealing-the bureaucracy - will change nor comply with political orders -as we saw from 2016 to 2020
so if NNLX is waiting for such a magic pill they will probably be waiting in vain-even though some laws will be reversed before long that doesnt mean the house cleaning will sweep through this area of activity
the low position -of 'no info' and "expert" market really damages any negotiating position NNLX has w potential partners as I've outlined in detail for many years
all those organizations believe a company which does not follow its transparency rules to be a scam
so finra can declare a ticker dead- the dtcc can chill and then freeze a stock and then in effect declare its ticker dead
NNLX is not SEC reporting in any sense so SEC cannot directly declare NNLX dead but failure to follow the new SEC 15c211 rule will eventually result in one of the above declaring NNLX dead
leaders of the shorting cartels who seem to work with the SEC etc since 2009 like to brag how only one stock out of a thousand can come back from a SEC declaration freezing a stock
I dont know of any stock coming back after dtc delists despite their professing due process white papers under pressure -which somehow owns title to almost all usa stock
i'm not going to bother looking up exact numbers or forms since nobody seems to understand but there is a group of perhaps 1800 stocks which were in effect given something like 18 months to comply w the new sec 15c211 or be kicked off
to my knowledge NNLX is not part of that group but they will be deleted or delisted/ticker killed in time if they do not comply w 15c211 - those grace periods of time have been getting increasingly shorter since 2009 under the philosophy that all business is evil and must therefore be destroyed- this is all part of a post ww2 many pronged attack to destroy america from the inside to eliminate the only force which has been holding back the 5th branch of govt - the behind the scenes groups which brag about controlling nations and starting wars - this behind the scenes asymmetric warfare has increasingly erupted into the open in the last few years which makes it hard for me to understand how many still cant see it- but interventions will come shortly to open the eyes of those who arent already completely dead
without complying as i;'ve said no broker or more at market maker would fill out a 211 form to back the stock as a mm- mm is not allowed to charge for the 211 form but makes its money off the dozen or more ways (see e.g 4kids9pets) mm's manipulate stocks on exchanges for profit- if NNLX doesnt fill out the otcmarkets.com otciq form and provide the required financials it will face increasingly illiquid trading until one agency or another removes its ticker etc - so no mm will back NNLX until NNLX complies nor would FINRA accept a mm 211 until NNLX complies
once a ticker is removed the company no longer exists publicly-stock holders are left out in the cold without even the benefit of the due process of bankruptcy proceedings- in which common stockholders will be far back in the line as far as creditors anyway
stockholders can sue for NNLX violation of fiduciary duty and perhaps win that as that seems to be violated
or sue for negligence
cant prove criminal intent- and the 9 elements of fraud have to be proven by the highest standard- clear cogent and convincing proof -which is not possible to prove-NNLX knows this
One of Brets lawyer brothers was on the board for years -dont know if he still is because its possible -from what i've seen -that NNLX has not updated even the minimal company information posted on otcmarkets.com under company information since 2012 as i've posted several times
and his superlawyer brother- so bret may not have attorney fees out of pocket, whereas stockholders will- NNLX knows this and thus doesnt have any real incentive if they want to ignore the rules and this be "forced" to go private.
even if the political landscape in all 3 branches changes suddenly so justice is again possible that doesnt mean the stubborn unelected 4th branch with which we are dealing-the bureaucracy - will change nor comply with political orders -as we saw from 2016 to 2020
so if NNLX is waiting for such a magic pill they will probably be waiting in vain-even though some laws will be reversed before long that doesnt mean the house cleaning will sweep through this area of activity
the low position -of 'no info' and "expert" market really damages any negotiating position NNLX has w potential partners as I've outlined in detail for many years
