as Ray answered its a TDA list- its an alphabetica
Post# of 9144
(Total Views: 663)
Posted On: 09/13/2021 10:03:06 PM
as Ray answered its a TDA list- its an alphabetical list -not list by time or closeness to receiving approval- so imo NNLX's place on the list means little. First time i saw the list there were 55 or 57 pages- over 1900 companies.
The list includes a number of grey market companies.
Dont know why unless such grey companies wish to upgrade to pink current at this time.
Those presently in 'no info' or 'limited info' classification who arent qualified by Sept 28 will become grey market companies until they do qualify.
The govt or quasi govt groups doing the vetting have a limited number of people to do this rush of applications to become pink current- which is why the stock agencies warned companies to have their applications and financials etc in by June 30.
Also, it normally takes normally non-existent accounting departments (typical for 'no info' companies such as NNLX) months to gather and produce such material plus any required sec approved attorney letter (required every quarter for 'current info' co's) qualifying the material provided as sufficient info to meet the regulatory standard for 'current info'
Presumably a lot of companies ignored that june 30 deadline.
A NNLX June update only had two somewhat confusing sentences on this issue saying NNLX would voluntarily be submitting docs to the SEC.
We still dont know whether NNLX has provided the required materials simply because NNLX has said absolutely nothing on the issue since that June update.
The list includes a number of grey market companies.
Dont know why unless such grey companies wish to upgrade to pink current at this time.
Those presently in 'no info' or 'limited info' classification who arent qualified by Sept 28 will become grey market companies until they do qualify.
The govt or quasi govt groups doing the vetting have a limited number of people to do this rush of applications to become pink current- which is why the stock agencies warned companies to have their applications and financials etc in by June 30.
Also, it normally takes normally non-existent accounting departments (typical for 'no info' companies such as NNLX) months to gather and produce such material plus any required sec approved attorney letter (required every quarter for 'current info' co's) qualifying the material provided as sufficient info to meet the regulatory standard for 'current info'
Presumably a lot of companies ignored that june 30 deadline.
A NNLX June update only had two somewhat confusing sentences on this issue saying NNLX would voluntarily be submitting docs to the SEC.
We still dont know whether NNLX has provided the required materials simply because NNLX has said absolutely nothing on the issue since that June update.
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