NYSE "Down" to Pinks has over 100 lately
Just a little research indicates that quite a few (more than 100) previously listed companies have left the NYSE to shift "down" to "pink" status. The operational efficiencies are significant, the reporting costs and associated staffing for Sarbanes/Oxley compliance far less, and for foreign companies that have established pink status in the US there are very significant advantages, particularly not wasting enormous time and expense on entirely irrelevant reporting and auditing activity.
I would absolutely love to see the names of the 14 companies that one poster claimed uplisted from "pink" to the NYSE. To the extent several people keep wanting to see about possible strategies for NanoLogix, if you shared that information we could all examine it and extract the useful criteria and variables. As I said above, the real "wave" appears to be "from" being a SOX fully reporting and/or NYSE company to a pink non-reporting one. The idiots (Congress and SEC) have simply made compliance costs so high that many companies are doing everything they can to avoid incurring absurd costs created by inefficient government regulation.
What I think most people do not understand is that it takes an average of $125,000-150,000 to "uplist" and then annual expenses for various fees and staffing, and internal and external audits, and securities lawyers can easily run $500,000 per year. If you haven't dealt with auditors or securities lawyers lately, you will find that you can easily be talking about $125,000-$200,000 per year FOR EACH plus the costs of internal compliance staffing and other fees. These costs are annual and ongoing. That is why many companies are opting to "go dark" and avoid the SOX insanity. I can't think of a piece of legislation that was adopted in panic and was intended to do good but ended up being incredibly counterproductive.
To me, as the revenues increase for NanoLogix and it moves into the black, it makes far more sense to start banking profits and to begin buying back and retiring shares. And for the record, when a company buys back and retires shares it does not mean they are available for voting by the company. A repurchase strategy would be the best use of profits and would be done at the "ask" price and so would create an upward momentum for the share price along with reducing dilution. Many companies do this and it strikes me as a wise use of the profits we hope to see generated as sales grow and Pipe financing terminates completely.
AI
