we just go aro8ind in circles with the same naysayers keep bringing up the same arguments
re lack of current financials-some comments
due to financial exigencies and other reasons the majority of public otc companies do NOT have current financials-so NNLX is in the majority there
ca 900 OTCQB co's, sometimes 10000 grey co's, 1000's of no info co's and probably 1000's of limited info co's plus 500 or more skull and bones- otc used to post numbers for each but i havent seen lately
so whereas i'd like to see financials as one of my undergraduate degrees was accounting, i'm just putting this into perspective
of course financials are great for public co's to report but due to said financial exigencies at critical times co's fail to keep reported financials current-this includes many sec reporting co's who thus are relegated to limited info or no info status themselves til they catch up- i'm in 2 of those right now
it cost 10000/yr for otc OTCQB reporting status,4200 for pink current,and years ago a CEO told me otc was charging them 3000/yr for limited info news disclosure service-for these low pennies that can be a lot of money at critical junctures
even when financials are posted- and i've literally looked at thousands of pennies financials- based on the standards we were taught there financials usually look like disasters-thats why pps is pennies and not 50000 times higher!!!!!!
the point and relevancy for such co's is the direction they are taking-is their movement/progress-despite my penchant for financials that movement is far more important than current financials for such a development stage co
when my best friends construction co folded due to the great recession, in desperation he got into pennies and made a 40 fold return in 6 months, thus finally dragging me in-but as i quickly looked at the financials of the co's he was trading i was shocked
and told him these co's are bankrupt!!!!
he didnt care and neither did the pps because in these development stage co's other things were more important
many penny co's dont even have a product and many who do dont have the means to bring such to fruition-that kind of thing is more important at this stage
re lack of current financials-some comments
due to financial exigencies and other reasons the majority of public otc companies do NOT have current financials-so NNLX is in the majority there
ca 900 OTCQB co's, sometimes 10000 grey co's, 1000's of no info co's and probably 1000's of limited info co's plus 500 or more skull and bones- otc used to post numbers for each but i havent seen lately
so whereas i'd like to see financials as one of my undergraduate degrees was accounting, i'm just putting this into perspective
of course financials are great for public co's to report but due to said financial exigencies at critical times co's fail to keep reported financials current-this includes many sec reporting co's who thus are relegated to limited info or no info status themselves til they catch up- i'm in 2 of those right now
it cost 10000/yr for otc OTCQB reporting status,4200 for pink current,and years ago a CEO told me otc was charging them 3000/yr for limited info news disclosure service-for these low pennies that can be a lot of money at critical junctures
even when financials are posted- and i've literally looked at thousands of pennies financials- based on the standards we were taught there financials usually look like disasters-thats why pps is pennies and not 50000 times higher!!!!!!
the point and relevancy for such co's is the direction they are taking-is their movement/progress-despite my penchant for financials that movement is far more important than current financials for such a development stage co
when my best friends construction co folded due to the great recession, in desperation he got into pennies and made a 40 fold return in 6 months, thus finally dragging me in-but as i quickly looked at the financials of the co's he was trading i was shocked
and told him these co's are bankrupt!!!!
he didnt care and neither did the pps because in these development stage co's other things were more important
many penny co's dont even have a product and many who do dont have the means to bring such to fruition-that kind of thing is more important at this stage
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