I did not say they were a national exchange. Your desire to argue this point and pretend to be an expert on these matters, when you’re not, is noted.
I did not say they were a national exchange. In fact I said the other exchanges are SRO’s.
I’ve already explained what triggered the massive issuance of shares, it was not some “scam” by NWBO, it was basically a scam by shorts, but shorts are allowed to rob companies and their shareholders, this is part of the problem currently with the regulation of our exchanges, yes, even the NASDAQ… criminals in charge. Bernie Maddoff was the CHAIRMAN of the NASDAQ.
Shareholder authorization was not the issue with those shares issued. And no, if you have shares available you can issue them to raise funds. Every issuance does not require shareholder authorization because they are authorized when you create the shares for management to run the company and continue to finance it. No shares were issued without shareholder authorization, just just put a big lie in your post.
The shares that led to the delisting were required by previously authorized contract. There was never an issue if that contract was authorized. The issue was that the NASDAQ counted those topping up shares issued over a period of time in the same period and the company needed to issue more shares for their current requirements, that it debt. They chose to delist because they did not want to take on more debt and they did not want to do so AND do a reverse split to save their listing. It made no sense to do all of that and undermine the confidence of their supportive shareholders through it all. It would have been extremely risky and exactly NOT the circumstances in which you would want to do a r/s.
Shorts were trying to back them into a corner and constantly try to get regulators to take punitive actions against them intentionally to create the very narrative you are laying out. It’s part of a game for shorts. And there is likely always also someone standing with open arms to be the black hatted “white knight” to take advantage of them on the other side as well. Shorts rip these companies off and the shareholders and then project the blame onto the companies and the shareholders that defend them.
It’s all indirect, using markets, legally attacking them, undermining them through third-parties, so the opportunity to stay behind the reach of the law and make easy money, is just too tempting for some spoiled brats in our society.