the only choice otc co's have is which otc classification to choose
otc in conference or communication ultimately w finra and sec chooses the requirements for each classification=those requirements are not voluntary
what does it mean we are going to file regular reports with the sec on a voluntary basis???
sec reporting co's who are late on their required sec docs are now quickly relegated to 'no info' otc status -see e,g WOLV-
and if they dont file such late reports within a certain period of time they are subject to a cease trade order - again see WOLV-there is nothing voluntary about it- and the timelines before these restrictions are slapped keeps getting shorter due to transparency/investor protection reasons and due to political reasons I've explained before
you are either sec reporting or not -there is no middle ground where you can file reports w the sec "volutarily' while avoiding the non-voluntary reporting requirements or sanctions - you cant pick and choose from various categories to form a unique class of one -there is no provision for doing so
now because NNLX is subject to a SEC investigation NNLX from a legal standpoint can voluntarily in theory[though the fact of the investigation essentially makes such filings a necessary part of a legal defense and thus essentially non voluntary]-- but that -the sec investigation legal front- is not the contextual subject matter of the update -
an sec investigation usually begins as an informal inquiry -only if the prosecutor[sec] determines there is enough evidence to move forward with an official complaint is the 'court system involved - so at this point it is preliminary too soon for nnlx to be subject to a court order -in that legal sense they can say 'voluntary' -but that again is NOT the context of the update- and such 'voluntary' is meaningless anyway because sec usually makes an exhaustive list of demands based on the whistle blower affirmations similar to a subpoena asking the co to produce docs- if the co doesnt the sec simply makes the demand official backed by court order if need be
so NNLX- tell us what filing sec reports on a voluntary basis[whatever that means] means??
are u going to upgrade [ not uplist because uplisting is not necessary to meet the new sec rule] to current info pinksheets status or not????
that is the very simple question stockholders need to know -otherwise come the sept 26 enforcement date of the new rule NNLX will not be tradeable and thus the stock essentially would be worthless -i've given and explained examples before - is anybody listening????????????
-that once the politically motivated dominoes start to fall eventually the stock is confiscated by the dtcc in violation of normal rules of law without any compensation to the stockholders
I lost over 200k in just one such example-those actions in 2009 to 2016 were unconstitutional and unprecedented so those in the know were in shock not believing what we were seeing - but they have not yet been required to account for such unprecedented reverse robinhood actions-and the same political forces whose war cry is destroy business because all business is evil are now in power again and so are there political appointees-who knows what they may do next?
but the sec rule is very mild and does have a logical component for transparency etc compared to what they did from 2009- 2015
so there is no real reason to avoid the sec rule or ignore it or fight it
stockholders have the right to know-if NNLX is willing to become untradeable and have stockholders stock eventually confiscated at least let us know that is the route you are voluntarily taking-
because as time goes by first by lengthy silence by the co on this issue -and then a very confusing 2 sentence update that i cant fathom-that increasingly seems like the route the co is choosing
the necessary info to comply with the pink current classification is due by june 30 - so the authorities on this issue can examine the supplied info to see whether it complies with the rules re current info -if not the co's are required to supply the missing necessary info in time to meet the current info barometer
otc in conference or communication ultimately w finra and sec chooses the requirements for each classification=those requirements are not voluntary
what does it mean we are going to file regular reports with the sec on a voluntary basis???
sec reporting co's who are late on their required sec docs are now quickly relegated to 'no info' otc status -see e,g WOLV-
and if they dont file such late reports within a certain period of time they are subject to a cease trade order - again see WOLV-there is nothing voluntary about it- and the timelines before these restrictions are slapped keeps getting shorter due to transparency/investor protection reasons and due to political reasons I've explained before
you are either sec reporting or not -there is no middle ground where you can file reports w the sec "volutarily' while avoiding the non-voluntary reporting requirements or sanctions - you cant pick and choose from various categories to form a unique class of one -there is no provision for doing so
now because NNLX is subject to a SEC investigation NNLX from a legal standpoint can voluntarily in theory[though the fact of the investigation essentially makes such filings a necessary part of a legal defense and thus essentially non voluntary]-- but that -the sec investigation legal front- is not the contextual subject matter of the update -
an sec investigation usually begins as an informal inquiry -only if the prosecutor[sec] determines there is enough evidence to move forward with an official complaint is the 'court system involved - so at this point it is preliminary too soon for nnlx to be subject to a court order -in that legal sense they can say 'voluntary' -but that again is NOT the context of the update- and such 'voluntary' is meaningless anyway because sec usually makes an exhaustive list of demands based on the whistle blower affirmations similar to a subpoena asking the co to produce docs- if the co doesnt the sec simply makes the demand official backed by court order if need be
so NNLX- tell us what filing sec reports on a voluntary basis[whatever that means] means??
are u going to upgrade [ not uplist because uplisting is not necessary to meet the new sec rule] to current info pinksheets status or not????
that is the very simple question stockholders need to know -otherwise come the sept 26 enforcement date of the new rule NNLX will not be tradeable and thus the stock essentially would be worthless -i've given and explained examples before - is anybody listening????????????
-that once the politically motivated dominoes start to fall eventually the stock is confiscated by the dtcc in violation of normal rules of law without any compensation to the stockholders
I lost over 200k in just one such example-those actions in 2009 to 2016 were unconstitutional and unprecedented so those in the know were in shock not believing what we were seeing - but they have not yet been required to account for such unprecedented reverse robinhood actions-and the same political forces whose war cry is destroy business because all business is evil are now in power again and so are there political appointees-who knows what they may do next?
but the sec rule is very mild and does have a logical component for transparency etc compared to what they did from 2009- 2015
so there is no real reason to avoid the sec rule or ignore it or fight it
stockholders have the right to know-if NNLX is willing to become untradeable and have stockholders stock eventually confiscated at least let us know that is the route you are voluntarily taking-
because as time goes by first by lengthy silence by the co on this issue -and then a very confusing 2 sentence update that i cant fathom-that increasingly seems like the route the co is choosing
the necessary info to comply with the pink current classification is due by june 30 - so the authorities on this issue can examine the supplied info to see whether it complies with the rules re current info -if not the co's are required to supply the missing necessary info in time to meet the current info barometer
