I corrected the loss of format when I copied these
Post# of 9122
OTC Markets Monthly Trade Summary - October 2012
OTC Marketplace # Securities* Monthly Dollar Volume Monthly Dollar Volume per Security Aggregate Market Capitalization
(in Millions)*
OTCQX® 401 $1,745,030,800 $4,351,698 $1,235,233
OTCQB® 3,453 $2,038,547,103 $590,370 $175,949
OTC Pink® Current Information 2,450 $4,835,108,615 $1,973,514 $10,841,799
OTC Pink Limited Information 532 $156,159,661 $293,533 $12,876
OTC Pink No Information 3,127 $152,819,670 $48,871 $29,965
Totals 9,963 $8,927,665,849
$7,257,986 $12,295,822
* Selected data as of October 31, 2012.
Now compare those 2012 totals by tier (e.g., otcqb had 3453 companies) with the following 2019 totals after a series of tightening moves reduced otcqb to only 959 companies- this goes to the contention that NNLX somehow was involved in fraud or a purpose to deprive stockholders due to its fall out of its position as a no info company- no info companies were eliminated
only a relatively small % of the otcqb reduction of companies came from company moves to the otcqx
Again from the otcmarkets.com monthly newsletter:
Monthly Trade Summary - December 2019
Market Designations Number
of Securities* Monthly
$ Volume Monthly $ Volume
per Security YTD $ Volume*
OTCQX 489 $4,547,163,147 $9,298,902 $57,971,219,567
OTCQB 959 $1,277,132,217 $1,331,733 $24,774,482,967
Pink 9,307 $18,046,170,350 $1,938,988 $246,429,161,128
Total 10,755 $23,870,465,716 $2,219,476 $329,174,863,663
*Data as of December 31, 2019
the point is thousands of companies had to downgrade thier otc tier status due to tightening by otcm (the trade symbol for otcmarkets.com) finra and others
many like NNLX were forced to disappear from the otc bulletin or exchange board -was it ca 1900 companies who were non complicit w the new requirements for companies who were limited info and no info tiers-tough maybe 600 eventually satisfied the new rules-memory uncertain re the number
the companies in most cases did not change - the otc requirements for those categories changed-and due to circumstances - chiefly financial- thousands of companies could not meet the new requirements -many like NNLX probably eventually did what they could - but murphys law is more powerful than tiny limited info and no info companies
over the years you could see NNLX tried a number of avenues-some quite excellent - to raise substantial amounts of money to break the financial stalemate
that is a financial problem
-not a matter of legal fraud
the directors and officers lost their stock value also
many try otc stocks because of the risk/reward ratio
high risk high w high chance of failure but high reward for the small % who breakthrough
its hard for small potatoes longs to compete with the incredible fraudulent methods used by big investors to invest in big companies- such small potato longs usually get eaten alive by the sharks who use PI's etc, super computers located where the transatlantic cables come onshore by europe etc combined by supercomputers who exploit that sometimes as little as millisecond advantage to take all the profit out of a trade for small investors ,insiders at every agency sometimes manipulated by bribes etc
the market is saturated with fraud-the illegal private public de facto eminent domain kidnapping of stocks by brokers etc beginning 2011 - the biggest reverse robinhood operation in history- was politically greenlighted in 2009 by a powerful politician who was anti-business and anti-america
i/ve written about such at great length
the market moved due to such greenligting -eliminating or hurting thousands of small otc stocks/companies before NNLX was eliminated from the otc board by the changing requirements involved in THAT move
yet almost every time one of thousands of small otc companies gets eaten alive by the total culmination of these changes bashers come out in force and blame the ceo-who is a target because they cant see any further than the ceo
if you want a guarantee get a safe bond or CD- inflation may strip any earnings from such