https://www.otcmarkets.com/stock/OTCM/news/OTC-Mar
Post# of 9144
(Total Views: 682)
Posted On: 04/18/2018 1:26:17 AM
https://www.otcmarkets.com/stock/OTCM/news/OT...0promotion
when i was studying the penny market on behalf of my best friend to help him so he would avoid foreclosure on his house built just before the great recession shuttered his successful construction company, and longs,as part of that studying process, I was receiving newsletters from up to 100 stock promoters,who usually get paid in company stock,which stock they would often dump at longs expense;hence the phrase pump and dump.
There are also ad hoc roving groups of promoters who suddenly show up on these boards -usally the other sites -not here-and pump a stock, who suddenly withdraw,siphoning money directly from longs and indirectly from the companies -only to thus see pps drop -often permanently after said promotions. Paid promotions on the other hand are often desperate attempts by the companies to raise money by selling stock into the promotion.
otc is the FOR PROFIT company which created otc.markets .com as a way to profit from companies filings,essentially forcing them to file on otc.markets.com to be seen or discovered by investors.
It has no regulatory power-is not a govt agency- but especially since political forces unprecedented and unconstitutional directives in 2009 directed agencies and those who serve under them-such as brokers-to destroy defenseless low pps penny companies bc ''all business is evil and has to be stopped'',otc has often acted as a dictator, holding the power of life and death over these companies.
Fortunately,as of recently, 2 of the 5 sec commissioners are now PRO-business,which may start to put a damper on the unprecedented never before seen illegal policies seen since 2009.
Otc slaps a ce- the kiss of death- if companies which are not otc current class are perceived to have executed a promotion,even if there is no company sponsored promo. Prolonged pps rises are de facto considered promotions - a case of guilty until proven innocent.
Thus, though NNLX has avoided paid promos,it would be a good idea for them to upgrade to otc current class before successful license /sale agreements or substantial grants result in such a prominent pps rise,if they do.
I say 'if' bc in NNLX's current 'no info' class,the long investor pool is essentially closed ,except for word of mouth,which is a major reason why pps has fallen long term despite real world progress by NNLX.
Prior to government sponsored economic terrorism against these low pps pennystocks and longs from 2009ff,this was not a big problem but since 2009 it has been.
Upgrading to current class will also remove major reasons for shorters /bashers attacks.
I say these things bc some longs have expressed their frustration over a stagnant or longterm pps not reflecting real world progress.
So, since I believe NNLX cares about longs and pps, hopefully NNLX will execute the necessary 44 pages of regulations necessary to upgrade to otc current class and eventually otcqb class, especially BEFORE an otc ce which can destroy a stock.
Those who play w other peoples money ,such as institutions ,trusts etc are bound by fiduciary duty,the highest duty known to the law, which essentially prohibits them from investing in an otc 'no info' or 'limited info' company.
Of course, an otc current class will also remove the much bandied bashers continual attack of 'no financials' etc and largely remove the threat of insider knowledge,which they often threaten against dd longs.
when i was studying the penny market on behalf of my best friend to help him so he would avoid foreclosure on his house built just before the great recession shuttered his successful construction company, and longs,as part of that studying process, I was receiving newsletters from up to 100 stock promoters,who usually get paid in company stock,which stock they would often dump at longs expense;hence the phrase pump and dump.
There are also ad hoc roving groups of promoters who suddenly show up on these boards -usally the other sites -not here-and pump a stock, who suddenly withdraw,siphoning money directly from longs and indirectly from the companies -only to thus see pps drop -often permanently after said promotions. Paid promotions on the other hand are often desperate attempts by the companies to raise money by selling stock into the promotion.
otc is the FOR PROFIT company which created otc.markets .com as a way to profit from companies filings,essentially forcing them to file on otc.markets.com to be seen or discovered by investors.
It has no regulatory power-is not a govt agency- but especially since political forces unprecedented and unconstitutional directives in 2009 directed agencies and those who serve under them-such as brokers-to destroy defenseless low pps penny companies bc ''all business is evil and has to be stopped'',otc has often acted as a dictator, holding the power of life and death over these companies.
Fortunately,as of recently, 2 of the 5 sec commissioners are now PRO-business,which may start to put a damper on the unprecedented never before seen illegal policies seen since 2009.
Otc slaps a ce- the kiss of death- if companies which are not otc current class are perceived to have executed a promotion,even if there is no company sponsored promo. Prolonged pps rises are de facto considered promotions - a case of guilty until proven innocent.
Thus, though NNLX has avoided paid promos,it would be a good idea for them to upgrade to otc current class before successful license /sale agreements or substantial grants result in such a prominent pps rise,if they do.
I say 'if' bc in NNLX's current 'no info' class,the long investor pool is essentially closed ,except for word of mouth,which is a major reason why pps has fallen long term despite real world progress by NNLX.
Prior to government sponsored economic terrorism against these low pps pennystocks and longs from 2009ff,this was not a big problem but since 2009 it has been.
Upgrading to current class will also remove major reasons for shorters /bashers attacks.
I say these things bc some longs have expressed their frustration over a stagnant or longterm pps not reflecting real world progress.
So, since I believe NNLX cares about longs and pps, hopefully NNLX will execute the necessary 44 pages of regulations necessary to upgrade to otc current class and eventually otcqb class, especially BEFORE an otc ce which can destroy a stock.
Those who play w other peoples money ,such as institutions ,trusts etc are bound by fiduciary duty,the highest duty known to the law, which essentially prohibits them from investing in an otc 'no info' or 'limited info' company.
Of course, an otc current class will also remove the much bandied bashers continual attack of 'no financials' etc and largely remove the threat of insider knowledge,which they often threaten against dd longs.
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