Using the OTC alternate approval method to go public requires an attorney letter that validates 2 years of financials plus any quarterlies from the end of that 2nd year to whenever the effort is made to qualify with that alternate method.
As of now, Nixon has let 3 years of annual reports go by (Dec-31-2022, Dec-31-2021, Dec-31-2020) plus the two full quarters for this year. (Today is the last day of the 3rd quarter.)
The OTC alternate method allows him to skip reporting for 2020, which may not have been a good year anyway.
You can decide for yourself whether the "wait" is strategy in order to time a strong, positive move, or simply procrastination that leads to death by slow fade-away.
