Really no option but to hold at this ridiculously low price- the result of many brokerages allowing selling only.
The patents do have value -especially for any company with a distribution network.
Patents almost always belong to a company.
To avoid such the inventor would imo have to show and claim all along why that typical rule does not apply in the extant case.
Neither Bret nor the Faros have made any attempt to claim private ownership of what are presumably company patents.
I dont know why we havent received any clarification of the progress made towards upgrading to pink current.
I watched an hour long otcmarkets.com video recently -was in the last otcmarkets.com monthly update-which was still talking about some exceptions for 'limited info' companies- but to my knowledge that is dated info- as otc said several months ago they asked SEC to allow exception for "limited info'' companies for accredited investors - but if I remember -and I think I posted otc later said SEC rejected that idea
plus I dont know what mechanics they could employ to allow private accredited investors to have access to quotes - that would be a nuisance to brokers/otc etc.
plus NNLX is not 'limited info' class anyway. NNLX made the announcement in June they would voluntarily be producing documents for the SEC- the only reason to do so in context is to meet the requirements of the new rule which takes effect today Sept 28.
So I dont know why NNLX hasn't updated us unless they haven't produced documents /info acceptable as 'current info' yet. Once that back and forth is done a company should be approved within a week.
The video talked about a 6-8 week application process once a company has initially submitted the necessary forms/info-[IF NNLX was using trade language in the June update, they implied they would be bypassing otc to submit directly to the SEC- hopefully with the same form utilized by OTC-because otherwise that runaround could result in delays also] -- but again the video-produced a day after June 30- was outdated imo.
As an expected rush of applications after June 30 could easily scuttle that 6-8 week back and forth application process and drag it out perhaps substantially. Companies were only assured the back and forth between the company and OTC [or SEC] would be finished if companies submitted the initial materials by June 30- which I'm assuming NNLX did not do- unless they gave up on the back and forth- since NNLX is publicly still not considered compliant with the new 15c211 rule.
The patents do have value -especially for any company with a distribution network.
Patents almost always belong to a company.
To avoid such the inventor would imo have to show and claim all along why that typical rule does not apply in the extant case.
Neither Bret nor the Faros have made any attempt to claim private ownership of what are presumably company patents.
I dont know why we havent received any clarification of the progress made towards upgrading to pink current.
I watched an hour long otcmarkets.com video recently -was in the last otcmarkets.com monthly update-which was still talking about some exceptions for 'limited info' companies- but to my knowledge that is dated info- as otc said several months ago they asked SEC to allow exception for "limited info'' companies for accredited investors - but if I remember -and I think I posted otc later said SEC rejected that idea
plus I dont know what mechanics they could employ to allow private accredited investors to have access to quotes - that would be a nuisance to brokers/otc etc.
plus NNLX is not 'limited info' class anyway. NNLX made the announcement in June they would voluntarily be producing documents for the SEC- the only reason to do so in context is to meet the requirements of the new rule which takes effect today Sept 28.
So I dont know why NNLX hasn't updated us unless they haven't produced documents /info acceptable as 'current info' yet. Once that back and forth is done a company should be approved within a week.
The video talked about a 6-8 week application process once a company has initially submitted the necessary forms/info-[IF NNLX was using trade language in the June update, they implied they would be bypassing otc to submit directly to the SEC- hopefully with the same form utilized by OTC-because otherwise that runaround could result in delays also] -- but again the video-produced a day after June 30- was outdated imo.
As an expected rush of applications after June 30 could easily scuttle that 6-8 week back and forth application process and drag it out perhaps substantially. Companies were only assured the back and forth between the company and OTC [or SEC] would be finished if companies submitted the initial materials by June 30- which I'm assuming NNLX did not do- unless they gave up on the back and forth- since NNLX is publicly still not considered compliant with the new 15c211 rule.
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