sounds like very little of what i've said before has been understood- I try not to be alarmist because I think NNLX- IF they are aware of all these permutations(another reason for my posting to make sure they are aware of how the very strange penny game can be played) will folow the course required by sec otc etc
those who dont comply will be relegated to the grey market=brokers wont be allowed to give quotes- so to trade-if you're broker allows you to trade- broker may not because supposedly have to be an accredited investor to trade on the grey market- you would have to guess what the bid and ask price and volumes are
I'm saying these things for NNLX's benefit also so they dont find themselves in a trap in case they dont know- many penny companies dont know these things
a lot of these things are political-an intense political push to eliminate low pennies began in ca 2010-thus brokers or dtcc etc froze or restricted thousands of penny stocks,making up illegal rules as they went since they were politically green lighted to do so-the same people behind that push are in power again
so if NNLX wants to stay clear of murky waters and wants current stockholders to continue buying and selling they will upgrade to whatever standard otc sec finra are requiring.
example- due to the political green-lighting, in 2010 (followed by many other brokerages the next year) a brokerage which was in financial trouble chose to freeze many low penny stocks-this was an illegal public private essentially eminent domain taking without compensation against innocent 3rd party purchasers (longs) who are never held liable for anything in the law
but they got away with it because the powers that be decided all business was evil and had to be destroyed(personally saw the sympathetic tv documentary)
any excuse was a reason to freeze stocks
e.g., I was in a a low penny otc stock -somebody(not the company) allegedly sold a small amount of restricted stock through a boca raton florida ( a hot bed of scams) brokerage before its time (6 months if sec reporting,otherwise 12 months). So brokers and dtcc decided to essentially confiscate all the stock-longs were not allowed to sell their holdings -while dtcc (a shadowy agency about whom a number of long posts/ articles have been written) or brokers (some say brokers own dtcc-complicated) or mm's and regular shorters shorted the stock down to .0001. Longs lost their entire investment.
Is it relevant now????
if i dont explain people will blame me and yet most never understand.
An analogy- there is always some counterfeit money in the money supply. But that doesnt allow the government to confiscate every persons cash without compensation-that would be illegal..
As far as the stock world is concerned illegality is defined by the powers that be -which have shown their willingness to confiscate without warning or compensation.
the point is
1) it is imperative NNLX take this seriously-both the ceo and his lawyer brother are very bright people -but we are talking about the very very specialized low penny otc market-which does not abide by normal laws.
2)this thus requires companies to play by these rules =- no info companies are no longer being given a choice.
The mandate is upgarde to whatever otc requires-whether that is pink 'current' or a limited exception to be pink 'limited info'
or the stock will no longer be quoted and only accredited investors(if sec etc follow their own rules) will be allowed to trade -and only on the grey market.
if people dont understand thats their own responsbility. With my warnings I know NNLX will be apprised of the situation and not be taken blindly.
And no- being aware of and reporting these things doesnt make me the worst basher on the board as i was accused of being the last time years ago i detailed the multiple benefits of being pink current.
I've been accused of being blindly loyal to the companies because i realize most penny invesotors are ignorant of how murphys law works in the business world and thus blame the companies for every pps fall.
Many posters complain about pps falling due to the very very limited investment pool-many say limited to the posters on the stock boards in a no info company.
Most will not invest in a 'no info' company and those who are playing with other peoples money are not allowed to do so-except semi private hedge funds with notice to their investors.
The investor pool is greatly increased at the pink current level-and no dire warnings from sec otc etc re current co's.
the current info provided plus the larger pool of longs can greatly improve the buy sell ratio and discourages shorters and bashers who can no longer continuously harp about the dangers or short comings of a no info company.
And it will make it much easier for NNLX to attract the attention of companies who wont get involved with a 'no info' otc company. The wall of incredulity NNLX has to climb in getting the attention of big companies when NNLX is no info must be high-i've given examples before.
Another example of that wall:
- no info companies very rarely have scores of valuable patents as NNLX does nor a double doctorate patent lawyer as NNLX has had
nor a creative inventor as NNLX has in bret ceo
nor a director of strageic planning as NNLX has in brets lawyer brother- a one per center of one per centers
nor a patented product already selling - petri dishes
nor a real life partnership with the Faros as NNLX does
so if NNLX ever gets past a companies disbelief the big co will ask why 'no info' status
a 'current info' status will make it easier to sell the company and break into the inertia of existing supplier relationships,give NNLX greater negotiating power.
So upgrading as sec etc are NOW requiring to remain relevant as a stock could mean the difference between making that critical association or license deal possible instead of being stuck as so many have complained.
Post are predictable- matching direction of pps on most companies. -the ceo being gandhi resurrected in rising pps and attila the hun in falling pps.
The increased investor pool in favor of longs, the improved buy sell ratio, the improved company success negotiating power etc can all ameliorate the closed investment pool pps falls that most complain about.
Again I assume- now that NNLX has been fully apprised of the situation by reading these posts on this board or by having such posts forwarded to them- will take these things into account in their otherwise busy lives-and will probably address the issue to stockholders before Sept.
those who dont comply will be relegated to the grey market=brokers wont be allowed to give quotes- so to trade-if you're broker allows you to trade- broker may not because supposedly have to be an accredited investor to trade on the grey market- you would have to guess what the bid and ask price and volumes are
I'm saying these things for NNLX's benefit also so they dont find themselves in a trap in case they dont know- many penny companies dont know these things
a lot of these things are political-an intense political push to eliminate low pennies began in ca 2010-thus brokers or dtcc etc froze or restricted thousands of penny stocks,making up illegal rules as they went since they were politically green lighted to do so-the same people behind that push are in power again
so if NNLX wants to stay clear of murky waters and wants current stockholders to continue buying and selling they will upgrade to whatever standard otc sec finra are requiring.
example- due to the political green-lighting, in 2010 (followed by many other brokerages the next year) a brokerage which was in financial trouble chose to freeze many low penny stocks-this was an illegal public private essentially eminent domain taking without compensation against innocent 3rd party purchasers (longs) who are never held liable for anything in the law
but they got away with it because the powers that be decided all business was evil and had to be destroyed(personally saw the sympathetic tv documentary)
any excuse was a reason to freeze stocks
e.g., I was in a a low penny otc stock -somebody(not the company) allegedly sold a small amount of restricted stock through a boca raton florida ( a hot bed of scams) brokerage before its time (6 months if sec reporting,otherwise 12 months). So brokers and dtcc decided to essentially confiscate all the stock-longs were not allowed to sell their holdings -while dtcc (a shadowy agency about whom a number of long posts/ articles have been written) or brokers (some say brokers own dtcc-complicated) or mm's and regular shorters shorted the stock down to .0001. Longs lost their entire investment.
Is it relevant now????
if i dont explain people will blame me and yet most never understand.
An analogy- there is always some counterfeit money in the money supply. But that doesnt allow the government to confiscate every persons cash without compensation-that would be illegal..
As far as the stock world is concerned illegality is defined by the powers that be -which have shown their willingness to confiscate without warning or compensation.
the point is
1) it is imperative NNLX take this seriously-both the ceo and his lawyer brother are very bright people -but we are talking about the very very specialized low penny otc market-which does not abide by normal laws.
2)this thus requires companies to play by these rules =- no info companies are no longer being given a choice.
The mandate is upgarde to whatever otc requires-whether that is pink 'current' or a limited exception to be pink 'limited info'
or the stock will no longer be quoted and only accredited investors(if sec etc follow their own rules) will be allowed to trade -and only on the grey market.
if people dont understand thats their own responsbility. With my warnings I know NNLX will be apprised of the situation and not be taken blindly.
And no- being aware of and reporting these things doesnt make me the worst basher on the board as i was accused of being the last time years ago i detailed the multiple benefits of being pink current.
I've been accused of being blindly loyal to the companies because i realize most penny invesotors are ignorant of how murphys law works in the business world and thus blame the companies for every pps fall.
Many posters complain about pps falling due to the very very limited investment pool-many say limited to the posters on the stock boards in a no info company.
Most will not invest in a 'no info' company and those who are playing with other peoples money are not allowed to do so-except semi private hedge funds with notice to their investors.
The investor pool is greatly increased at the pink current level-and no dire warnings from sec otc etc re current co's.
the current info provided plus the larger pool of longs can greatly improve the buy sell ratio and discourages shorters and bashers who can no longer continuously harp about the dangers or short comings of a no info company.
And it will make it much easier for NNLX to attract the attention of companies who wont get involved with a 'no info' otc company. The wall of incredulity NNLX has to climb in getting the attention of big companies when NNLX is no info must be high-i've given examples before.
Another example of that wall:
- no info companies very rarely have scores of valuable patents as NNLX does nor a double doctorate patent lawyer as NNLX has had
nor a creative inventor as NNLX has in bret ceo
nor a director of strageic planning as NNLX has in brets lawyer brother- a one per center of one per centers
nor a patented product already selling - petri dishes
nor a real life partnership with the Faros as NNLX does
so if NNLX ever gets past a companies disbelief the big co will ask why 'no info' status
a 'current info' status will make it easier to sell the company and break into the inertia of existing supplier relationships,give NNLX greater negotiating power.
So upgrading as sec etc are NOW requiring to remain relevant as a stock could mean the difference between making that critical association or license deal possible instead of being stuck as so many have complained.
Post are predictable- matching direction of pps on most companies. -the ceo being gandhi resurrected in rising pps and attila the hun in falling pps.
The increased investor pool in favor of longs, the improved buy sell ratio, the improved company success negotiating power etc can all ameliorate the closed investment pool pps falls that most complain about.
Again I assume- now that NNLX has been fully apprised of the situation by reading these posts on this board or by having such posts forwarded to them- will take these things into account in their otherwise busy lives-and will probably address the issue to stockholders before Sept.
