There are at least 2 ways to be transparent
1) PR's and updates- we are regularly updated on operations and planned operations by NNLX. Low penny stocks often see rather rare updates,sometimes much more rare than NNLX.
I'm in a mining stock where the former CEO provided pics of the operation every 2 weeks,but the new CEO provided nothing officially after a May 2013 PR (basically lambasting the previous CEO). Despite revenue of almost 7 million from a ca 69000 ton shipment on a Panamax,we never officially heard from the new CEO again-not after he ceased operations -not after he failed to pay the landowner and thus lost the concession. He never even informed otcmarkets.com or other agencies and non agencies re his takeover let alone company info,so those entities still contact the former ceo!
2) financials: current info financials were presented til sept 2014.
Don't know why they stopped but presume it was to save money by not having to pay otc 3-5k/year depending on classification,plus extra accounting and legal fees associated with otc postings.
Perhaps otc raised its fees at that time. In 2014-2015 (depending on a companies fiscal year) otc tightened a lot of things,including raising some fees,adding a 10k surcharge to be otcqb,one of the reasons why a lot of otcqb pennies dropped down to otc current class.
Do you remember what otc class they had then or were financials only posted on the website? At this point it may also have to do with any cost required to update the website also.
It may surprise 'the world revolves around me" youngsters (I know you are not in that category) but the world existed before computers-PC's did not exist when i got my first 2 degrees,including accounting degree-so many my age,e.g in the legal system which was late to use PC's, still don't use computers. I also know business owners and others who refuse to use either PC's or the internet bc of the negative side of those things. (I can hear youngsters saying,' what negative side'- oh my! Dont want to be around when they are ruling the world.) These things are not high priorities nor high in their consciousness-many people still haven't learned how to use an answering machine!
There is a tech divide! From what I've heard re BB he's probably not a tekkie- I don't imagine managers in the oil industry to be such- neither am I. If he is not,it may not be high on his priorities and he may not immediately have an employee ready to do so either, in which case he would have to contract to get that done- for a penny stock just another expense and headache. This is not a blue chip.
Managers tend to do the things that are in their comfort zone,as I'm sure you know. That's why I've mentioned before that when finances are more fluid they can hire somebody more in the role of a COO, but until then, since you are so concerned you can always volunteer your time.
NNLX presently has a streamlined roster to save money so the plan can move forward without getting trapped in the usual deadly toxic financing-illustrating there are often reasons and tradeoffs involved, which those not in the know are not aware of. Btw,was the company you ran a public company?
1) PR's and updates- we are regularly updated on operations and planned operations by NNLX. Low penny stocks often see rather rare updates,sometimes much more rare than NNLX.
I'm in a mining stock where the former CEO provided pics of the operation every 2 weeks,but the new CEO provided nothing officially after a May 2013 PR (basically lambasting the previous CEO). Despite revenue of almost 7 million from a ca 69000 ton shipment on a Panamax,we never officially heard from the new CEO again-not after he ceased operations -not after he failed to pay the landowner and thus lost the concession. He never even informed otcmarkets.com or other agencies and non agencies re his takeover let alone company info,so those entities still contact the former ceo!
2) financials: current info financials were presented til sept 2014.
Don't know why they stopped but presume it was to save money by not having to pay otc 3-5k/year depending on classification,plus extra accounting and legal fees associated with otc postings.
Perhaps otc raised its fees at that time. In 2014-2015 (depending on a companies fiscal year) otc tightened a lot of things,including raising some fees,adding a 10k surcharge to be otcqb,one of the reasons why a lot of otcqb pennies dropped down to otc current class.
Do you remember what otc class they had then or were financials only posted on the website? At this point it may also have to do with any cost required to update the website also.
It may surprise 'the world revolves around me" youngsters (I know you are not in that category) but the world existed before computers-PC's did not exist when i got my first 2 degrees,including accounting degree-so many my age,e.g in the legal system which was late to use PC's, still don't use computers. I also know business owners and others who refuse to use either PC's or the internet bc of the negative side of those things. (I can hear youngsters saying,' what negative side'- oh my! Dont want to be around when they are ruling the world.) These things are not high priorities nor high in their consciousness-many people still haven't learned how to use an answering machine!
There is a tech divide! From what I've heard re BB he's probably not a tekkie- I don't imagine managers in the oil industry to be such- neither am I. If he is not,it may not be high on his priorities and he may not immediately have an employee ready to do so either, in which case he would have to contract to get that done- for a penny stock just another expense and headache. This is not a blue chip.
Managers tend to do the things that are in their comfort zone,as I'm sure you know. That's why I've mentioned before that when finances are more fluid they can hire somebody more in the role of a COO, but until then, since you are so concerned you can always volunteer your time.
NNLX presently has a streamlined roster to save money so the plan can move forward without getting trapped in the usual deadly toxic financing-illustrating there are often reasons and tradeoffs involved, which those not in the know are not aware of. Btw,was the company you ran a public company?
2
