just a reminder how we got here pre 2000 penny s

just a reminder how we got here
pre 2000 penny stocks were said to be the wild west

at some point otcm (otcmarkets.com)-a public traded for profit company saw the need and opportunity to provide/ create a public clearinghouse for otc stocks

where investors could research such stocks
which required companies to report info to otc-- for a fee-since this was not a free service

of course many startups could not afford such filing fees so various tiers of stock reporting occurred

otc and sec kept demanding greater transparency-what was allowed in the past was no longer allowed

but for a few years back in the past a decade ago penny stocks could delay substantial reporting in the 'no info' tier
so at that time it was necessary for some companies with little or no income-many such companies had no product nor any assets to produce a product or income

but the requirements kept getting more stringent and what once was allowed was no longer allowed -and post 2009 'no info' reporting companies suffered increasing attacks on their companies and stock positions- the safe position for 'no info' companies kept changing and i warned about that for years-but nnlx- despite many intelligent fundraising efforts - which ultimately did not succeed- apparently could not afford to change w the changing requirements

a couple years before 15c211 went into effect- eliminating 'no info' companies from trading quotes-relegating them to the "expert" market (where only "experts" were supposedly allowed to trade them)
i really started sounding the alarm

the problem as always is money - how do inventors etc get their products out there unless they are independently wealthy
they form a public company- the purpose of such a company is to issue stock to the public to raise the necessary funds to develop and issue the product (shorters so confuse many that many of thier victims dont understand this)

its a risky business which seems to get more risky over time as the requirements to be listed as a publicly traded company become more stringent, time consuming and expensive over time

there are also political/philosophical overtones behind all this -

thus thousands of penny stocks were hurt in the period beginning 2011 where many stocks were de facto frozen without notice or due process in the biggest reverse robinhood scheme in stock history- those changes could not be foreseen because those changes required a widespread violation of extant laws
and thousands more suffered once 15c211 went into effect - even though that change complied w due process and warnings

shorters of course continually portray a companies problems to be the fault of directors officers etc

but many such -as well as many stock brokers -are ignorant of the substantial moving target created by requlatory and quasi regulatory bodies

making startups more difficult

in fact, its said that the vast majority of startups fail -and i mentioned a fair number of them don't even have a product and or assets, let alone income, let alone net income to be self supporting

and of course its difficult to break through existing relationships competitors already have

so apparently nnlx is having to concentrate on its petri dish business again-based on publicly provided info posted on this board

https://www.otcmarkets.com/learn/15c2-11-resource-center