Replies to post #56754 on ZNext Mining Corporation, Inc (ZNXT)

[creede]

HaHa — I doubt it.

My complaint is they routinely put their order ahead of the customer order in unsolicited pinks. Often they fill 100 for the customer and 9900 out of their own stash. The problem isn't quite as profound as it used to be. I think perhaps it's because the old NITE is BK — good riddance!

That's interesting that they want to be in control. I would say — that you would say — that would be like letting the inmates run the asylum (!).

I particularly like items number 2 & 3 from the blog post....

2. Better inform market participants with improved insider reporting and disclosure and regular large investor filings for all publicly traded securities

3. Eliminate information asymmetries by clarifying Rule 10b-5 restrictions on insiders and affiliates trading when adequate current information is not publicly available or increase restrictions on current and former affiliates selling after business combinations or reverse takeovers

https://blog.otcmarkets.com/2020/05/01/exploring-the-investor-impact-of-an-sec-rule-proposal/

I presume you do not like custodial plays because it gives old management (or IR) a new means to unload their shares?

If they run a company into the ground (or never had a real business plan in the first place) there should be a mechanism to cancel their shares and return them to the treasury. I think that's what they are getting at in item #3.


re laissez-faire:

The sexual revolution is long gone and so are the days of front loading, pumping & dumping, reverse-splitting, rinse and repeat MoMo stocks.

It just does work anymore like it used to. The Wild West is getting more civilized now because there is far more oversight. All kinds of warnings, traps, and mechanisms to catch the outlaws and warn investors to avoid certain securities.

The sheer fact that they are telling them to record the name of everyone who places an order for an unsolicited trade tells you the monitoring system is far more sophisticated than it used to be. They expect the Broker-Dealers to "know their customer" (I read that somewhere last week). If that's what they expect, then they have the means to do it (!) — even if they only do it loosely unless there is an obvious problem.

Big brother is watching.


re Expert Market:

I agree the name is confusing. They should have gone with Roach Motel instead...!

Have a great weekend. Wonderful talking to you. I always learn something.