i've had quite an expensive education in the marke
Post# of 9123
i had no interest in stocks whatsoever- ZERO- so i guess the joke is on me because after my best friend dragged me into pennies so i could use my profits -what profits- to buy his extra land so he could avoid foreclosure on the house he built just prior to the recession because his construction co was destroyed by the great recession partly caused by shorters -the market changed and was captured by virulent shorting/bashing and my friend died
so while my friend made a 40 fold return in just 6months , after i got in he just got us into disasters -but how do u argue w a 40 fold return
but inter alia having a full accounting degree and being a dd kind of guy - i spent a lot of time learning about the pennymarket -never spent so much time on anything while learning so little because the market is literally saturated w fraudulent manipulation rather than logic
longs and fundamentals dont control the market -bashers shorters manipulation emotion daytraders hft technical and day traders etc do -mad cramer just explained a lot of these things last night
so its as important for investors that the co take the necessary steps that only it can take to avoid these shorter playbook traps-
which i obviously have warned about for the benefit of the co and longs just as i opened this board at the hangout as an alternative to the basher boards and now i'm essentially being called a basher because i'm warning about a situation so the co can take the necessary steps to avoid that trap
market sense is as important if not more important than fundamentals -most co's dont have any market sense - i dont know what market sense nnlx has- but for the benefit of the co and longs i've warned about something it seems nobody yet really understands
1st time i warned about this it was just ignored because leaders didnt even know what a ce was
shorters usually have more market sense because many of them do this for a living on behalf of mm's hedge funds etc who troll the penny market since the new regime 2009
songbird has posted a long list of upcoming catalysts -
and the recent PR confirms those catalysts
otc sec etc dont believe co's should release any pr or email re revenues etc -read it on otcmarkets.com-i posted the info directly from otc for the leaders weeks ago
and if there is any promo by even a 3rd party not connected by the co, paid or unpaid, in any of the hundreds of stock newsletters or in an email-even just a mention of a stock in a list of other stocks rising in pps -otc considers that a promo and they say promos are not allowed unless a co is current or higher-and nnlx cant control what 3rd parties do re those things
ive been thru these previously unprecedented ringers and trying to spare nnlx this
''fooled once shame on you, fooled twice shame on me''
because this is exactly the type of situation -multiple upcoming and ongoing catalysts-especially revenue just PR'd- which otc says is not permitted unless co is current info
otc is not regulatory but they make life and death decision re these co's w a politcal green light
it may have been best until now for nnlx to be no info -i like to learn so i eagerly look forward to the explanation
but now that these catalysts are upon us i really feel the tide has turned to the point where nnlx must upgrade to current to avoid the scenario i've personally experienced in other stocks where i lost 99% of my investment
i was surprised they pr'd revenue when others said my warning re this was relayed to the co weeks ago -people have a hard time understanding things they havent personally experienced but they at least should get learning/understanding wisdom so they can avoid these pitfalls and before they attack what they dont know
a good person warns a people when he sees a trap they dont see -he doesnt remain quiet while allowing his friends to fall into that trap - so now that nnlx is gaining significant revenue they shouldnt need pipes much longer
and a ce would imo instantly destroy pipes/eliminate any investors /cost the co more to fix than if they upgraded in the 1st place- otc throws such a gauntlet of punishment at co's to remove a ce that co's who have experienced this have been advised to uplist instead
so 3 scenarios
1)nnlx remains no info while building and pr'ing catalysts and gets slapped w a ce without warning
it then usually takes many months to remove the ce while brokers use ce as an excuse to block buying while they short nnlx -its a race to get thru otcs unnecessary gauntlet once ce is slapped
2) nnlx upgrades to current info now-could be done in a month or so if their accounting dept is reasonably up to date -BEFORE it or a 3rd party says something that causes pps to rise and thus get ce
3) uplist -NOT best choice right now -requires 2 years audited financials to be otcqb-and since over 95% of pinks dont have audited it takes them 2 years to uplist-nnlx cant wait that long before catalyst causes pps to rise
so nnlx -given what otc openly says and has happened to many co's -needs to upgrade to current if it wants to announce catalysts -assuming 3rd parties dont meanwhile do something which otc considers a promo