there are no guarantees -e.g the popular stock mar
Post# of 9144
(Total Views: 378)
Posted On: 04/30/2024 10:25:10 AM
there are no guarantees -e.g the popular stock market saying ''past results dont guarantee future returns''.
Ppl are always looking for someone to blame- since over 90 % of startups fail a company basher will end up being right re their failure 90% of the time but not for the right reasons-last couple years reported financials showed ceo had loaned the company 100k, he was working on high lattices to improve his house by himself- the officers and b/d reportedly were taking much of their pay in stock and just holding onto the stock instead of cashing it in.
ceo was running the office and petri operation by himself - even after he came back after his heart attack- another force majeure
THEY HAD NO PART IN THE ROAMING PROMOTION GROUPS TACTICS which caused the stock to crash years ago and essentially destroy NNLX's ability to raise substantial funds via stock issuance - which is the purpose of every company until revenue parity with costs is achieved.
They didnt plan on covid closing the schools -where much of their revenue came from re the petri plates- that was a force majuer type of event for which nobody is held responsible.
It is virtually impossible to prove the 9 elements required for legal fraud via the highest standard of proof required
as i saw the otc landscape changing and the increasing transparency standards rising i pressed for more transparency for years bc i feared this result otherwise and was viciously attacked by some longs for doing so.
But due to the above they didn't feel they had the finances to post financials-- startups optimistically expect finances to improve-otherwise they are doomed from the start. They tried every method i could think of for fundraising-very good methods - but they didnt catch the big fish they hoped for
they didnt do many of the transparency things a company should do - but that is common to startups where expenses exceed revenue- so how are you going to prove company motive to defraud- you cant
and bigger creditors who can afford killer lawyers are senior creditors to stockholders-
this is a typical result ending of such a startup- not something planned to shaft stockholders -
should they have kept us better informed - yes, in a perfect world - but we dont live in a perfect world- we live in a very messy world bc rebellion and resulting unbridled greed have controlled almost every people group and nation from the beginning
bashers and shorters are a large part of this mess in otc stocks destroying companies ability to raise money via stock issuance -- solving that problem requires money which NNLX never had - but kept hoping they would acquire via the many methods they used to try to raise substantial sums
i've watched things similar to this many times and always witnessed the people give up-usually very rapidly
Ppl are always looking for someone to blame- since over 90 % of startups fail a company basher will end up being right re their failure 90% of the time but not for the right reasons-last couple years reported financials showed ceo had loaned the company 100k, he was working on high lattices to improve his house by himself- the officers and b/d reportedly were taking much of their pay in stock and just holding onto the stock instead of cashing it in.
ceo was running the office and petri operation by himself - even after he came back after his heart attack- another force majeure
THEY HAD NO PART IN THE ROAMING PROMOTION GROUPS TACTICS which caused the stock to crash years ago and essentially destroy NNLX's ability to raise substantial funds via stock issuance - which is the purpose of every company until revenue parity with costs is achieved.
They didnt plan on covid closing the schools -where much of their revenue came from re the petri plates- that was a force majuer type of event for which nobody is held responsible.
It is virtually impossible to prove the 9 elements required for legal fraud via the highest standard of proof required
as i saw the otc landscape changing and the increasing transparency standards rising i pressed for more transparency for years bc i feared this result otherwise and was viciously attacked by some longs for doing so.
But due to the above they didn't feel they had the finances to post financials-- startups optimistically expect finances to improve-otherwise they are doomed from the start. They tried every method i could think of for fundraising-very good methods - but they didnt catch the big fish they hoped for
they didnt do many of the transparency things a company should do - but that is common to startups where expenses exceed revenue- so how are you going to prove company motive to defraud- you cant
and bigger creditors who can afford killer lawyers are senior creditors to stockholders-
this is a typical result ending of such a startup- not something planned to shaft stockholders -
should they have kept us better informed - yes, in a perfect world - but we dont live in a perfect world- we live in a very messy world bc rebellion and resulting unbridled greed have controlled almost every people group and nation from the beginning
bashers and shorters are a large part of this mess in otc stocks destroying companies ability to raise money via stock issuance -- solving that problem requires money which NNLX never had - but kept hoping they would acquire via the many methods they used to try to raise substantial sums
i've watched things similar to this many times and always witnessed the people give up-usually very rapidly
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