"the penalties are for remaining non pink current
Post# of 9144
Posted On: 12/21/2014 11:07:46 AM
"the penalties are for remaining non pink current when they transition to significant revenue because otc thinks any co that fails to upgrade to pink current is deceiving holders-so they clap ce on hundreds of such co's,and then other entities join the free for all"
But that's not how it works, which is why I'm confused to your statement. When a company meets the SEC threshold and is required to register with the SEC, which includes transperacy rules to reporting, and meets the OTC guidelines, they automatically are upgraded to the next OTC level. It isn't up to the company to upgrade. The upgrade is automatic.
"less well on OTCQX- which has the same essential reporting standards as big boards but is less well known and many brokers dont even know about OTCQX-begun in 2009"
It doesn't have the same reporting standards as the big boards. Actually, not even ose. All brokers know about the OTC Market. It's been around for 100 years. OTCMarkets simply purchased two well known companies that had existed for decades. I assure you, every professional in the business knows about OTCMarkets and all their offerings.
"and pinks have a much smaller investor pool than otcqb,esp limited info and no info"
There's nothing small about the OTC market pool. $1.1 billion was traded on Friday in the OTC markets. That's a significant amount of capital.
"by the time u get down to no info status the investor pool is limited to core longs against a bevy of mad shorters bashers day traders technical traders"
That's is pure speculation and doesn't support the factual data that is easily harvested on the OTC website. They are extremely transparent and the information that is shares by them tells a much different story than what you are stating here. That is precisely why I've asked you for proof.
"thus i;m just saying the best and cheapest way the co can improve outlook and investor pool and buy sell ratio and long/shorter ratio and thus pps is by upgrading while preparing to uplist to OTCQB-they may be in the process of doing so-i dont know"
There is minimum requirements to uplist from Pink to an upgraded status. Nanologix doesn't meet any of the qualifications listed on the OTCMarkets website. That's why they aren't upgrading. It took very little effort to research that fact.
"NNLX current pps w their game changing technology ,ongoing and upcoming catalysts and financials -compared to other co's at this pps -is a steal"
Is it your opinion that someone who earns $18,550 could walk into a bank and receive a loan for $6 million? Because that's what one is advocating is feasible by saying that Nanologix is current trading at a cheap price.
"when there are thousands of current pinks plus OTCQB who are advertising their financials and their game plan via 10Q's and 10 K's"
There are not "thousands" of Pinks that report their financials. The entire reason why they are called "pink sheets" is because in the early days of America, that's the color of paper that the trade was printed on. That color (pink) let the investors know that the company had no financials available. There was also "yellow" tickets available which let investors know that the company did have financial information. Currently, there are only 7,272 companies listed on the PInk market. Therefore, claiming that "thousands" of pinks report is an exaggeration for several reasons. The pinks that report are ADR's which have completely different requirements because they are foreign companies that trade on the U.S. OTC marketplace.
"their is a strong unconstitutional anti-business political push to eliminate no info co's - which has affected several thousands of pennies since 2009 via broker/dtc restrictions and to slap them all w a ce which otc does at a drop of a hat in the current political environment"
There's been a political push to make companies more transparent and accountable but there's no political push to oust pink sheet companies. As stated earlier, the market has existed for 100 years. It isn't going anywhere.
"they are also trying to eliminate pps below 1c -they are trying to force all non current pennies to upgrade"
That's completely false.
But that's not how it works, which is why I'm confused to your statement. When a company meets the SEC threshold and is required to register with the SEC, which includes transperacy rules to reporting, and meets the OTC guidelines, they automatically are upgraded to the next OTC level. It isn't up to the company to upgrade. The upgrade is automatic.
"less well on OTCQX- which has the same essential reporting standards as big boards but is less well known and many brokers dont even know about OTCQX-begun in 2009"
It doesn't have the same reporting standards as the big boards. Actually, not even ose. All brokers know about the OTC Market. It's been around for 100 years. OTCMarkets simply purchased two well known companies that had existed for decades. I assure you, every professional in the business knows about OTCMarkets and all their offerings.
"and pinks have a much smaller investor pool than otcqb,esp limited info and no info"
There's nothing small about the OTC market pool. $1.1 billion was traded on Friday in the OTC markets. That's a significant amount of capital.
"by the time u get down to no info status the investor pool is limited to core longs against a bevy of mad shorters bashers day traders technical traders"
That's is pure speculation and doesn't support the factual data that is easily harvested on the OTC website. They are extremely transparent and the information that is shares by them tells a much different story than what you are stating here. That is precisely why I've asked you for proof.
"thus i;m just saying the best and cheapest way the co can improve outlook and investor pool and buy sell ratio and long/shorter ratio and thus pps is by upgrading while preparing to uplist to OTCQB-they may be in the process of doing so-i dont know"
There is minimum requirements to uplist from Pink to an upgraded status. Nanologix doesn't meet any of the qualifications listed on the OTCMarkets website. That's why they aren't upgrading. It took very little effort to research that fact.
"NNLX current pps w their game changing technology ,ongoing and upcoming catalysts and financials -compared to other co's at this pps -is a steal"
Is it your opinion that someone who earns $18,550 could walk into a bank and receive a loan for $6 million? Because that's what one is advocating is feasible by saying that Nanologix is current trading at a cheap price.
"when there are thousands of current pinks plus OTCQB who are advertising their financials and their game plan via 10Q's and 10 K's"
There are not "thousands" of Pinks that report their financials. The entire reason why they are called "pink sheets" is because in the early days of America, that's the color of paper that the trade was printed on. That color (pink) let the investors know that the company had no financials available. There was also "yellow" tickets available which let investors know that the company did have financial information. Currently, there are only 7,272 companies listed on the PInk market. Therefore, claiming that "thousands" of pinks report is an exaggeration for several reasons. The pinks that report are ADR's which have completely different requirements because they are foreign companies that trade on the U.S. OTC marketplace.
"their is a strong unconstitutional anti-business political push to eliminate no info co's - which has affected several thousands of pennies since 2009 via broker/dtc restrictions and to slap them all w a ce which otc does at a drop of a hat in the current political environment"
There's been a political push to make companies more transparent and accountable but there's no political push to oust pink sheet companies. As stated earlier, the market has existed for 100 years. It isn't going anywhere.
"they are also trying to eliminate pps below 1c -they are trying to force all non current pennies to upgrade"
That's completely false.
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