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CNXS TRANSFER AGENT VERIFIED ON 08/01/2022
https://www.otcmarkets.com/stock/CNXS/security
Adios To the POS.
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.
Yep, Still a laughable con job.
Con x us FOR ANYONE THAT BELIEVED THE BS.
It appears SEC Rule 15c2-11 effectively put CNXS out of business.
Evidently not, only $.02 cents traded this month.
No more con x us.
CNXS is still caveat emptor, plus the only trade in the past month was 7,300,000 @ $.000001 for $7.30 total.
CNXS is Still Caveat Emptor and “Expert” Market.
Best wishes and Happy Holidays to everyone!
No surprise.
Con x Us = stinks.
Still no trading. I see CNXS is still Caveat Emptor.
https://www.otcmarkets.com/stock/CNXS/profile
Gotta love that tidbit of info.
There’s only been 20k CNXS shares traded since September 28.
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/
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 ~
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
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/
Barely. CNXS traded just a tad over a million shares, total, in the past month.
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/
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/
Thanks ! But can u see it having a pop short term before that ?
Securities like CNXS will need to provide the required disclosure to OTC Markets by June 30th. Securities that fail to comply will be removed from Pink as of the September 28 deadline.
May see a pop this week back to 0008..?
Very little selling at these levels, let’s see .0008 next week
REGULATORY & COMPLIANCE
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/
Out with the 50% gain... nice talking to you guys
Quiet board... anybody else notice the big hammer that formed today?
Hammer
The hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the BOTTOM of a downward trend.
A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up.
Hopefully the Bulls show up in force tomorrow..
Grabbed me some 4s here... this looks like it's going to be a fun ride
ALERT
The required disclosure to OTC Markets is by June 30th, with a September 28 Deadline.
CNXS is already Caveat Emptor
https://www.otcmarkets.com/learn/caveat-emptor
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
Since this is the CNXS board, I will address what’s occurring here on CNXS. For the other stocks you mentioned, I would suggest calling the TA or OTC Markets to inquire.
The information on the OTCMarkets TA Verified Shares program is easy to understand, it’s even in the iBox for traders who may falsely believe the company is updating the SS.
OTCQB standards and OTCQX Rules have Nothing to do with a Caveat Emptor stock like CNXS. I don’t know why that standard was quoted? They are obviously not the same.
No, I do Not know that “a lot of companies” moved out of Caveat Emptor status, I certainly do Not see “a lot”. The Fact is CNXS is Not currently one of them. They are still Caveat Emptor, that’s merely a Fact. See screenshot below.
Research on Conrad Huss is imperative, he doesn’t deserve defending. He’s been fined and disciplined by FINRA. For starters, Huss fraudulently misrepresented a private placement investment to a Non-Accredited,unsophisticated client causing damages of close to $400,000. When the claim was settled, Huss’s employer was saddled with paying the entire amount to the claimants...Huss contributed Nothing.
And on and on it goes:
That’s why I always say THOROUGH DD is necessary
DON’T BE FOOLED BY CROOKED CEOS & CAVEAT EMPTOR STOCKS
If thats your dd, you have missed out on the lions share of what has NOT taken place for the last few years.
Hardly worthy of a dd label.
Lmao at that silliness.
Its done nothing for years.
They used the word bitcoin as a marketing gizmo ....
Laughable pile of shit.
$CNXS are required to provide verified share data through a transfer agent.
Why do you think there are a lot of companies do not have transfer agent verified. Examples PHMB, NSPT,...
"OTCQX Rules and OTCQB Standards require that U.S. companies provide verified share data through a transfer agent who participates in the Transfer Agent Verified Shares Program." Link here
https://www.otcmarkets.com/corporate-services/transfer-agent-verified-shares-program#:~:text=The%20Transfer%20Agent%20Verified%20Shares,directly%20to%20OTC%20Markets%20Group.
If you really do a serious DD you will find a lot of companies that were dark / defunct / Caveat Emptor moved to Pink Current. However, I am sure you know that.
Again my question to you is
Why do you think Mr. Conrad Huss, CEO of three companies will work on 2 to bring them Pink Current, but not the third ( $CNXS). It does not make any sense.
Mr. Conrad Huss is listed under COMPANY DIRECTORS for all 3 companies.
CNXS
https://www.otcmarkets.com/stock/CNXS/profile
CZNI
https://www.otcmarkets.com/stock/CZNI/profile
RBNW
https://www.otcmarkets.com/stock/RBNW/profile
CNXS is Caveat Emptor, everyone should be aware of that. There are no filings, they’re not an SEC registrant. In fact they’ve not submitted OTC disclosures in almost 3 years, nor has Huss submitted anything.
CNXS doesn’t update the share structure themselves, the TA does for ALL their stocks as part of the OTC’s Verified TA program, read about it on the OTCMarkets site. The company has nothing to do with it, the TA does NOT charge for this.
No, I don’t need to “think again”, I’ve already done thorough DD on CNXS.
Thorough DD is imperative on these dark / defunct / and in this case, Caveat Emptor stock, i.e. BUYER BEWARE on CNXS.
$CNXS
Some of what you had mentioned is correct, but not all.
Bitcoin is listed everywhere in their fillings, so I will wait until the CEO states that no longer in the Bitcoin business.
SS updated and transfer agent verified, why they doing that for? (this is not free).
The CEO has an interest in the company, you think he will let it go to waste, think again.
Why do you think Mr. Conrad Huss, CEO of three companies will work of 2 to bring them Pink Current, but not the third ( $CNXS). It does not make any sense.
Mr. Conrad Huss is listed under COMPANY DIRECTORS for all 3 companies.
CNXS
https://www.otcmarkets.com/stock/CNXS/profile
CZNI
https://www.otcmarkets.com/stock/CZNI/profile
RBNW
https://www.otcmarkets.com/stock/RBNW/profile
Few weeks ago FTEG was Dark or Defunct, and take a look at FTEG now. I have example after example, but you get the idea.
2,512,833 of a .0006 stock is not heavy volume.
Nor is this Pig a bitcoin play.
SMH.
Heavy buying coming in “ under the radar Bitcoin play”
NO BITCOIN HERE.
SMH.
$$$$$$$$$ cnxs getting momo $$$$$$$$$$ bitcoin stock
Cmon man not back to that same old shit.
CNXS is not a Bitcoin company, it merely Dark and Caveat Emptor as well. They’ve not mentioned Bitcoin in 3 years, see the Stickie note.
Considering Rule 15c2-11 is in effect, CNXS will need to update financials (they’ve not submitted disclosures in 3 years), and give proper information, otherwise they’re up for suspension.
They have until June 30th to comply or be sent to the grey market no later than September 28th.
https://www.otcmarkets.com/stock/CNXS/overview
https://www.sec.gov/news/press-release/2021-35
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Moderators VeronicaFox |
ALERT !!
The required disclosure to
OTC Markets was by June
30th, with a September 28,
2021 Deadline.
CNXS IS ALREADY CAVEAT
EMPTOR
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
CONNEXUS Corp.(CNXS)
Bitcoin Direct can't afford website http://bitcoindirect.io/cgi-sys/suspendedpage.cgi
And financial shenanigans in 2016 https://www.sec.gov/litigation/admin/2016/34-78934.pdf
https://www.sec.gov/divisions/enforce/claims.htm
http://www.finra.org/investors/highlights/take-action-recover-
Financial Fraud
Also trying to find out if he paid 50K in fines.
Conrad R Huss Age 69
(845) 357-4796 - Landline
(845) 368-3446 - Landline
(845) 225-3551 - Landline
(914) 391-9130 - Wireless
(845) 559-3634 - Wireless
chuss@aol.com
micbrewcon@aol.com
chuss@southridgegroup.com
conrad.huss@gmail.com
micbrewcon@msn.com
chuss@sbcglobal.net
chuss1@aol.com
crhuss1@aol.com
3 Carpenter Ct
Airmont, NY 10952-4202
CNXS SHARE STRUCTURE
01/01/2017 O/S: 40,764,557
12/08/2017 O/S: 4,095,165,904
The Transfer Agent Verified Shares Program provides reliable share data to investors of OTCQX, OTCQB and Pink securities by allowing participating transfer agents to submit verified shares outstanding information on a regular basis for their clients directly to OTC Markets Group.
Share data provided by participating transfer agents is displayed alongside a “Transfer Agent Verified” logo on www.otcmarkets.com, indicating that the information is reliable and trustworthy.
This data is also disseminated through OTC Markets Group’s data products along with other security-related information to interested parties that rely on our data as the source for verified information on OTC securities.
What transfer agents are eligible to participate?
To be eligible to participate in the Transfer Agent Verified Shares Program, a transfer agent must be approved by OTC Markets Group and registered with its appropriate regulatory authority ("ARA"). An ARA shall mean the SEC, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System or the Comptroller of the Currency or, for transfer agents outside of the United States, an appropriate regulatory authority in their home country.
https://www.otcmarkets.com/corporate-services/transfer-agent-verified-shares-program
Participating Transfer Agents:
Action Stock Transfer
Alliance Trust Company
American Registrar & Transfer Co.
AST - American Stock Transfer & Trust Company
AST Trust Company Canada
Broadridge Financial Solutions, Inc.
Capital Transfer Agency, Inc.
ClearTrust, LLC
Colonial Stock Transfer Co. Inc.
Computershare Canada
Computershare US
Continental Stock Transfer & Trust Company
Direct Transfer LLC
Dynamic Stock Transfer, Inc.
* Empire Stock Transfer <<<< CNXS Transfer Agent
Endeavor Trust
EQ Shareowner Services
Equity Stock Transfer
First American Stock Transfer
Globex Transfer, LLC
Heritage U.S. Transfer Corp.
Integral Transfer Agency
Island Stock Transfer
Liberty Stock Transfer, Inc.
Madison Stock Transfer Inc.
Manhattan Transfer Registrar Co.
Mountain Share Transfer
National Securities Administrators
Nevada Agency and Transfer Company
New Horizon Transfer Inc.
Odyssey Trust Company
Olde Monmouth Stock Transfer
Olympia Trust Company
Pacific Stock Transfer
Philadelphia Stock Transfer, Inc.
Reliable Stock Transfer
Standard Registrar & Transfer Co., Inc.
Securities Transfer Corporation
Signature Stock Transfer, Inc.
Transfer Online, Inc.
TranShare Corporation
TSX Trust
Vail Stock Transfer
VStock Transfer
West Coast Stock Transfer, Inc.
Worldwide Stock Transfer, LLC
TRANSFER AGENTS DO NOT PAY TO PARTICIPATE IN THE PROGRAM. CONTACT
OTC MARKETS FOR FURTHER INFO ON THIS SUBJECT.
OTC Markets Group
************************
CAVEAT EMPTOR AKA BUYER BEWARE
Warning!!
This company may not be making material information
publicly available
Buying or selling a security on the basis of material
nonpublic material information is prohibited under
Section 10(b) of the Securities Exchange Act of 1934
and Rules 10b-5 and 10b5-1 thereunder.
Violators may be subject to civil and criminal penalties.
STOP!
THOROUGH DD ON CNXS IS IMPERATIVE,
DON'T BE FOOLED !!
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