Like most people you were probably not notified about the recent updates on the market. According to them failure to comply with SEC rules is such a good thing, that it should not go unnoticed.Meet Numobile,Inc.(PINK:NUBL).- First quotation: “NuMobile Announces Move to Exclusive OTCQB Quotation!”
- Second quotation:”Failure to comply with Rule 15c2-11.”
That`s right – on February 22, 569 companies were delisted from the OTC Bulletin Board and moved to OTCQB. This is what Numobile announces as exclusive move and truth be told – it has an effect. More than 700 million shares were traded this week, but given the “great” news, it is no surprise that the stock is heading for the $0.000000, currently trading at $0.0003 per share. [BANNER]
The sub penny level has actually been a common territory for Numobile for quite some time now. The more interesting fact, though, is that its financial statements are not so apocalyptic as expected. There are even revenues, unlike many other penny stock companies.
Given the above, there is some hope for this company. If there are clients willing to buy its products, than there is a ground to build on. Tough road lies ahead for CEO James Tilton, but by no means an impossible one.
It is yet so see, however, whether Numobile is up to the task. Proudly stating failure to comply with rules is hardly something shareholders are looking for, since it only brings additional uncertainty to the state of operations of this company.
