Connexus Corporation (CNXS)

[Dingbatt]

Plenty of people agree
https://www.benzinga.com/markets/cryptocurrency/24/09/41026437/anthony-scaramucci-says-sec-chair-gary-gensler-should-resign-for-the-sake-of-the-country

[Dingbatt]

CNXS still trading
that just indicates the scare crow still has movement in the corn patch.

[VeronicaFox]

I’ve come across Conrad Huss and Stephen Hicks on other OTC stocks. It’s never been a good thing.

[VeronicaFox]

CNXS - STILL CAVEAT EMPTOR
Buyer Beware: OTC Markets Group has determined that there is a public interest concern associated with the company.
Caveat Emptor ☠️

[VeronicaFox]

Conrad Huss and Stephen Hicks - what a pair.

[VeronicaFox]

This needs to be put out of its misery.

[VeronicaFox]

Looks like a few penny for the lots trades @ $.000001 for 2023 tax purposes.

[VeronicaFox]

Sad Sack Stock

[VeronicaFox]

CNXS - CAVEAT EMPTOR
Buyer Beware: OTC Markets Group has determined that there is a public interest concern associated with the company.
Caveat Emptor ☠️

[VeronicaFox]

No volume here.

[VeronicaFox]

The “penny for the lot” trades are assisting those who feel trapped by CNXS - the purchase price typically is nominal ($.000001) and set solely for purposes of liquidating the position.

[VeronicaFox]

Still Caveat Emptor

[VeronicaFox]

Thanks. That means that the TA is part of a Verified Shares program which provides investors current data for all of the stocks the TA handles. It has nothing to do with CNXS, they’re still Caveat Emptor.

[okwife]

CNXS TRANSFER AGENT VERIFIED https://www.otcmarkets.com/stock/CNXS/security

[VeronicaFox]

It appears someone traded 1.3M shares of CNXS for $1.38, Total trade.

[VeronicaFox]

The dollar volume says $.54 cents, total, for CNXS, amazing how it’s fallen.

[VeronicaFox]

It appears to be tax selling, and/or a penny for the lot trades.

[VeronicaFox]

It appears to be tax selling, or a penny for the lot trades.

[VeronicaFox]

CNXS appears to be Dead money, it’s a shame Huss conned so many traders.

[VeronicaFox]

Another month down the road, CNXS is still CE.

[VeronicaFox]

Another month gone by, CNXS is still Caveat Emptor.

[VeronicaFox]

The TA is verified, eligible stock transfer agents can report the SS to OTC Markets Group on a regular basis via a secure, electronic file transfer. Last time I checked the TA for CNXS is Empire Stock Transfer.

CNXS is still Caveat Emptor

[okwife]

CNXS TRANSFER AGENT VERIFIED ON 08/01/2022
https://www.otcmarkets.com/stock/CNXS/security

[DJ Ponder]

Adios To the POS.

[VeronicaFox]

CNXS = Still dark. I doubt Conrad Huss will ever bring it back again due to Rule 15c2-11 - that broker dealers perform certain diligence of issuers before publicly quoting their securities.

[DJ Ponder]

Yep, Still a laughable con job.
Con x us FOR ANYONE THAT BELIEVED THE BS.

[VeronicaFox]

CNXS still $.000001

[VeronicaFox]

It appears SEC Rule 15c2-11 effectively put CNXS out of business.

[DJ Ponder]

Con x us not!

Evidently not, only $.02 cents traded this month.

Lol

[VeronicaFox]

Evidently not, only $.02 cents traded this month.

[DJ Ponder]

No more con x us.

[VeronicaFox]

CNXS is still caveat emptor, plus the only trade in the past month was 7,300,000 @ $.000001 for $7.30 total.

[DJ Ponder]

Works for me...

[VeronicaFox]

CNXS is Still Caveat Emptor and “Expert” Market.

[VeronicaFox]

Best wishes and Happy Holidays to everyone!

[DJ Ponder]

No surprise.
Con x Us = stinks.

[VeronicaFox]

Still no trading. I see CNXS is still Caveat Emptor.

https://www.otcmarkets.com/stock/CNXS/profile

[DJ Ponder]

Gotta love that tidbit of info.

There’s only been 20k CNXS shares traded since September 28.

Con x us POS.

[VeronicaFox]

There’s only been 20k CNXS shares traded since September 28.

[VeronicaFox]

Companies will need to review and update market status for a company’s securities prior to the rule’s compliance date on September 28th.

Securities that fail to comply will be removed from Pink as of the September 28 deadline.

https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/

[Nisti]

Thank you.

[VeronicaFox]

Hi Nisti, I’m certain some of the dark stocks are trying to pull their act together no later than September 28. After the amendment officially goes into effect on 09/28/21, it may be more difficult to liquidate these securities.

While quoting and market liquidity may also be very limited, what’s changing is the ability of market makers to publish quotations for companies that have not made the required current financial/company information public.

From what I understand, unless there’s additional changes we haven’t been notified of, the changes go into effect on September 28, 2021, or prior to that date in some cases.

Best of luck ~

[Nisti]

Hi Veronica,

Is there any chance of any of this STOP/Caveat Emptor/Dark or Defunct companies being current by September 28th? Since now it is a requirement, are these companies trying harder to be current or that's it and nothing will change.

Thank you,
Nisti

[VeronicaFox]

What are the Key Dates for the Implementation of Rule 15c2-11?

Companies will need to provide the required disclosure to OTC Markets by June 30th. This will ensure that our Issuer Compliance Team has sufficient time to review and update market status for a company’s securities prior to the rule’s compliance date on September 28th.

Securities that fail to comply will be removed from Pink as of the September 28 deadline.

https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/

[VeronicaFox]

Barely. CNXS traded just a tad over a million shares, total, in the past month.

[DJ Ponder]

This POS got a pulse?

[VeronicaFox]

REGULATORY & COMPLIANCE
See deadline dates below

Understanding The Expert Market

Cass Sanford March 25, 2021

The SEC’s amendments to Rule 15c2-11 will effectively eliminate public quoting in securities of issuers that do not make current information publicly available. This means that without an alternative approach, such securities on the Pink Market will fall to the Grey Market. The Grey Market is an opaque market where broker-dealers are not willing or able to publicly quote OTC securities given the lack of investor interest, company information or regulatory compliance. OTC Markets Group has submitted a proposal to the SEC to operate an Expert Market as an alternative to the Grey Market.

What is the Expert Market?

OTC Markets Group currently operates an Expert Market within OTC Link for a small number of companies. However, the proposed Expert Market would operate differently. Following the upcoming changes to Rule 15c2-11, the Expert Market tier will include the broader group of companies that will no longer be eligible for public quoting under the rule and will serve the pricing and best execution needs of qualified investors. Broker-dealers will be able to quote and trade Expert Market securities on OTC Link, however quotes in Expert Market securities will only be available to certain sophisticated investors, known as “Qualified Experts.”

Why is the Expert Market Important?

The Expert Market will offer an alternative to the Grey Market: a regulated trading venue where Qualified Experts can value these securities, access transparent price discovery and receive best execution through their FINRA member broker-dealer. Without an electronic platform to source liquidity, brokers have difficulty satisfying their best-execution requirements in Grey Market securities. It also offers regulators valuable insight into quotation activity that would otherwise be hidden in the opaque Grey Market.

Who is considered a Qualified Expert?

Qualified Experts include broker-dealers, institutions and accredited investors.

How are Companies affected by these Changes?

The answer to this depends on the market on which your securities trade. For companies that trade on the Pink Market, the guidelines and procedures will change to ensure that the current information required under the Rule is available on an ongoing basis. If your security trades on the Pink Market, you risk being shifted to the Expert Market unless you take the necessary steps to make current disclosure available. Visit the Information for Pink Companies section of our website for further details.

What are the Key Dates for the Implementation of Rule 15c2-11?

Companies will need to provide the required disclosure to OTC Markets by June 30th. This will ensure that our Issuer Compliance Team has sufficient time to review and update market status for a company’s securities prior to the rule’s compliance date on September 28th.

Securities that fail to comply will be removed from Pink as of the September deadline.

https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/

[DJ Ponder]

Con x us.
Smh

[Distantpulse]

This will be a no bid POFS!

[VeronicaFox]

You’re Welcome - everyone should be aware. I would never recommend that anyone buy into a P&D, but to each her/his own.

As for CNXS, It’s been a P&D scam for as long as I can remember. Get to know the insiders, because the ongoing career path of these guys is not playing this game for the benefit of CNXS shareholders.

Conrad Huss: Executive Legal Proceedings on the Huss indictment... (hint, He copped a plea) see page 34, 2015 10-K; "Mr. Huss consented to an Offer of Settlement with FINRA and was suspended from associating with any FINRA member for a period of two years, and a fine in the amount of $20,000."

Stephen Hicks (aka Southridge, aka ASC Recap):
http://dealbreaker.com/2010/10/southridge-capital-management-founder-charged-with-fraud-though-he-may-not-know-it-yet/