NNLX presumably has occupied the no info status due to the extra cost of upgrading-which I've detailed many times
I've reported before how many brokers are totally ignorant re the otc exchange and brokers do this for a living
so imagine how ignorant the big companies NNLX is working with or wants to work with are re these things
most people are completely unaware the otc market even exists
so when such a company learns NNLX is a public company its natural for their first question to be, "oh what exchange?"
NNLX answers the otc.
Big company replies whats THAT?
NNLX explains or big companies research reveals the 3 tiers of otc:
OTCQB (many foreign blue chips avoiding the red tape and costs of a big usa exchange);
OTCQB (SEC reporting)
and Pink,pink being divided into current info(many such are SEC reporting since choosing to downlist from stiffened OTCQB requirements in 2014-2015, limited info and no info.
So big co asks, "ok what tier do you belong to"-NNLX replies pink.
OK so what category of pink??
So, if brokers are dumber than a hoodlum after spring break re these things how do you think the big companies react to such disclosure????-most likely with incredulity and a hesitation to get involved with an otc 'no info' company!!!
So although NNLX is 'no info' most likely due to cost cutting, upgrading to 'current info' will provide intangible benefits to NNLX in its negotiations etc plus increase the investor pool ,improve the buy sell ratio, and discourage shorters and bashers etc-I explained these things in detail years ago and was excoriated for doing so-people obviously didnt understand my point.
I've reported before how many brokers are totally ignorant re the otc exchange and brokers do this for a living
so imagine how ignorant the big companies NNLX is working with or wants to work with are re these things
most people are completely unaware the otc market even exists
so when such a company learns NNLX is a public company its natural for their first question to be, "oh what exchange?"
NNLX answers the otc.
Big company replies whats THAT?
NNLX explains or big companies research reveals the 3 tiers of otc:
OTCQB (many foreign blue chips avoiding the red tape and costs of a big usa exchange);
OTCQB (SEC reporting)
and Pink,pink being divided into current info(many such are SEC reporting since choosing to downlist from stiffened OTCQB requirements in 2014-2015, limited info and no info.
So big co asks, "ok what tier do you belong to"-NNLX replies pink.
OK so what category of pink??
So, if brokers are dumber than a hoodlum after spring break re these things how do you think the big companies react to such disclosure????-most likely with incredulity and a hesitation to get involved with an otc 'no info' company!!!
So although NNLX is 'no info' most likely due to cost cutting, upgrading to 'current info' will provide intangible benefits to NNLX in its negotiations etc plus increase the investor pool ,improve the buy sell ratio, and discourage shorters and bashers etc-I explained these things in detail years ago and was excoriated for doing so-people obviously didnt understand my point.
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