in the trade, "delisted" means to withdraw as a 'S
Post# of 9122
(Total Views: 659)
Posted On: 08/16/2021 4:53:57 PM
Re: erickarther #8513
in the trade, "delisted" means to withdraw as a 'SEC reporting company'-which requires its own specific forms and processes.
In the trade being a "SEC reporting company" means not just supplying current financial info every quarter but also:
having audited financials (the annual 10k is audited -the quarterlies are reviewed)
filing additional reports such as 8k's (beyond the reports required for " pink current info"
and thus having a closer degree of scrutiny and increased liability
Under Brets tutelage, NNLX has never been 'SEC reporting'. Thus, under Bret, NNLX has never been 'listed'-which in the trade means being 'SEC reporting', as noted above.
imo, having dealt with otc stocks for thousands of hours to help out my late best friend, NNLX used confusing language in the June 10 update when they said they would be filing reports w the SEC- thus implying unintentionally 'SEC reporting' as used in the trade. (I've noted many times before that most brokers are terribly ignorant of the otc market and thus dont know these things themselves).
However in NNLX's 2nd sentence in the june 10 update they made it clear they would not be uplisting -they would remain a pink company for now. Which in the trade can be a little confusing except for the language they would NOT be uplisting.
Uplisting would be- in trade language- 'SEC reporting'.
Further elucidation would have helped for, as of the additional requirement imposed on SEC reporting OTCQB companies in 2014-2015, ca 1000 OTCQB companies chose not to pay an additional surcharge of 10k/yr to remain in the OTCQB and thus those OTCQB co's chose to downlist to the pink current category, which caused a lot of confusion for retail and etc other investors who didnt closely follow the otc market, for those ca 1000 downlisted co's remained 'SEC reporting', as per the requirements I noted above.
if you are referring to otcmarkets.com listing of NNLX, that is a free inclusion - https://www.otcmarkets.com/stock/NNLX/overview- which in the 'no info' category serves mainly to warn investors that NNLX is not a 'current info' co, as the term is used in the trade:
"Warning! This company may not be making material information publicly available.
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.."
which as long as NNLX is 'no info' has caused me to have no direct communications w them bc due to my position in many stocks as the chief foil for bashers -has caused bashers to frequently threaten me.
https://www.sec.gov/news/press-release/2020-2...20security.
In the trade being a "SEC reporting company" means not just supplying current financial info every quarter but also:
having audited financials (the annual 10k is audited -the quarterlies are reviewed)
filing additional reports such as 8k's (beyond the reports required for " pink current info"
and thus having a closer degree of scrutiny and increased liability
Under Brets tutelage, NNLX has never been 'SEC reporting'. Thus, under Bret, NNLX has never been 'listed'-which in the trade means being 'SEC reporting', as noted above.
imo, having dealt with otc stocks for thousands of hours to help out my late best friend, NNLX used confusing language in the June 10 update when they said they would be filing reports w the SEC- thus implying unintentionally 'SEC reporting' as used in the trade. (I've noted many times before that most brokers are terribly ignorant of the otc market and thus dont know these things themselves).
However in NNLX's 2nd sentence in the june 10 update they made it clear they would not be uplisting -they would remain a pink company for now. Which in the trade can be a little confusing except for the language they would NOT be uplisting.
Uplisting would be- in trade language- 'SEC reporting'.
Further elucidation would have helped for, as of the additional requirement imposed on SEC reporting OTCQB companies in 2014-2015, ca 1000 OTCQB companies chose not to pay an additional surcharge of 10k/yr to remain in the OTCQB and thus those OTCQB co's chose to downlist to the pink current category, which caused a lot of confusion for retail and etc other investors who didnt closely follow the otc market, for those ca 1000 downlisted co's remained 'SEC reporting', as per the requirements I noted above.
if you are referring to otcmarkets.com listing of NNLX, that is a free inclusion - https://www.otcmarkets.com/stock/NNLX/overview- which in the 'no info' category serves mainly to warn investors that NNLX is not a 'current info' co, as the term is used in the trade:
"Warning! This company may not be making material information publicly available.
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.."
which as long as NNLX is 'no info' has caused me to have no direct communications w them bc due to my position in many stocks as the chief foil for bashers -has caused bashers to frequently threaten me.
https://www.sec.gov/news/press-release/2020-2...20security.
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