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Ha…. More like 1%… Walmart will probably ask Tom a question he can’t answer correctly. Still would love to know what he could have said to the SEC for them to halt trading.
"Walmart Open Call Frequently Asked Questions"
Pretty detailed web page for those unfamiliar: Range me Success Center
https://help.rangeme.com/hc/en-us/articles/360020205373-Walmart-Open-Call-Frequently-Asked-Questions-
"March 14th: Submissions open
April 8th: Deadline to submit. Depending on the number of responses, the application process may close early so do not delay with application submission.
May 23rd: Suppliers are notified regarding their Open Call submission status
June 20th: If submission is approved, suppliers are notified of meeting time and location
.
June 28th and 29th: Open Call event days "
2% chance of success, I believe.
Open to comments and all other observations.
New WalMart Pitch Video per twitter
about 4 hour old now:
https://twitter.com/purplenanomagic
My former employer would not allow a fork lift to be used
with a device like that. Hydraulic system can fail, or mechanically
fail, or damaged in any form while lifting high can lead to a spectacular
crash. I did that once. And a driver was required to make eye
contact with everyone around them at all times, turn off key when approached,
and wear a seat belt. I don't see one. Need high visibility safety vests also.
Shoes need steel or composite toes--OHSA rules ya know. Bump caps, please.
Kudos to the Scientists!
NANO MAGIC LAUNCHES FORCE FIELD(R) WINDSHIELD PROTECTION WITH DONATION TO LOCAL COMMUNITY FIRST RESPONDER VEHICLES.
Nano Magic applied its Force Field Windshield Protection solution to every first responder vehicle in Madison Heights, Michigan -- a total of 45 police, fire, and EMS vehicles.
FYI--Minor SBIR grant
$200,000 Phrase 1 Listed under 33b High Energy Physics Electronics
Topic Title: Printed Indium Ink For High-Density Chip Interconnects
Single line description on a spread sheet maybe as follows:
3D printable Indium Ink that will be robust and not cause distortion etc...
No award date or completion date indicated that I see.
And the local Texas congressman including others mentioning awards in their districts has a line or two about this company in the press release that links to the awards page.
There is so much to still be determined yet, that most smart fellows
would be reluctant to wade the water with a thought.
No claim to smartness ever I do confess. However, the goal always was to keep the doors open in Austin.
The structure looks to be a way to cost save by creating an independant private entity that no longer has the onerous reporting requirements of a public company in my opinion. Also gives control to any potential hiring prospects to the distant research branch and keeps the principle employees interested for a while longer. If there are some trade secrets simmering under the financial restraints of the current situation, the patents fillings will be the tell as the new owners could have major dibbs on those too.
Whatever this deal is needs further clarification in my estimate.
The old saw about keeping manufacturing separate from the research branch comes to mind. My bird binoculars will be on watch at the Austin parking lot in the near future. Time will tell, or so I've been told. Maybe Zvi Yaniv will walk into the doors again so as to add another page to his autobiography. Who knows?
Can one of you smart guys please make some sense of the latest 8k and form 4 filings for me?
Selling 70% of stock to APNT to Rich and Jacque? They seem to throw this stock around like it’s worth something.
As always I appreciate the comments.
Great post!
Let me try!
I too read and tried to keep abreast of new technology and now realize the error of my reasoning.
No, this is not a comedy this is the new normal. What you think is the right way of doing or saying something is actually the opposite now. It is all quite logical if you can channel your thinking into the crazy woke realm.
Example: The President of our country tells the Naval Academy cadets that he had a chance to attend the Academy in 1965, but opted out because he would play second fiddle in football to Roger Staubach. The reality is Biden graduated from Delaware University in 1965. Roger graduated from the Academy in June 1965. Biden didn’t play football in college. Biden’s grades were too bad to get into the Naval Academy. Does this make any sense? NO, but nobody seems to care. Crazy, right! What do World leaders think? How does Biden remain in office?
Children in the United State are currently lacking in basic education and our educational experts think the critical curriculum in our schools should be focused on identifying a child as a he, she, it, they, them, those, or whatchamacallits.
So you see APNT, NMGX, PEN, may have been way, way ahead of their time and at the vanguard of the You Ain’t Gonna Believe What We Do Next Movement.
This is quite comical, let me try and get this straight... if my memory serves me correctly I invest in a company years ago that was at the initial phase of the NANO REVOLUTION!!!. It initially had high resolution lighting for billboards that eventually a patent was lost to Sony. BUT other products were just a few years away... 2016 was supposed to be the year of the NANO boom!!!. But a lot of patents and a lot of government contracts with no real big hit on BUT a ton of possibilities. BUT WAIT... Then the company gets bought out by this NANO OPTI company and my investment goes with this Opti company that I could really care less about their products but surely they have something in store by partnering up with APNT. NOT REALLY... they concentrated on their own OPTI products and in the middle of a PANDAMIC when asked a few simple questions about their products by the SEC, they couldn't answer them correctly so my (our) investment goes worthless. AND now to top it all off they want to give the technology back that I originally invested in to Mr. Fink and others and my investment (worthless as it may be) stays with this ill run institution? I wished I could afford an attorney ... you just really can't make this stuff up!!!!
As one time an interested investor could read a science journal magazine
and guess the direction of Mr. Zvi's research projects per Applied Nanotech.
The goal was always to keep the doors open in Texas, etc...
I've always thought that Mr. Fink is more pragmatically all around capable and
capable of a springing a surprise with one particular patent that I won't mention.
After what the company went through with Canon, it was an admirable piece of
patent filing in my opinion. Likened to firing a shot across the bow so to speak.
I don't follow nearly as much as previously on technology topics. But just looking
at the contract research SBIR topics, there is either the typical dead end stuff or
something potentially is simmering under the surface--forgive my hype--that requires
more that typical patent filing stuff--trade secrets?. At least the players will have a direct interest
in all new filings. Wait and see. I could be wrong.
Yes. I sent Mr. Fink a research topic link once this year.
https://www.ans.org/news/article-3574/shadow-corrosion-is-reproduced-in-university-of-michigan-lab/
He thanked me.
Maybe this isn’t not such a bad thing..
Press Release: Nanotech Divergence
"NANO MAGIC SELLS MAJORITY INTEREST IN APPLIED NANOTECH TO EMPLOYEES AND ELECTS DAVID SHERBIN TO BOARD
MADISON HEIGHTS, Mich., May 27, 2022 (GLOBE NEWSWIRE) -- Nano Magic Holdings, Inc. (OTCMKT: NMGX) (“Nano Magic” or the “Company”), a leader in nanotechnology-powered cleaning, protection and anti-fog solutions announced that effective at the end of the month it is selling a majority interest in Applied Nanotech, Inc. (“Applied Nanotech”) to the employees of that subsidiary..."
https://www.globenewswire.com/news-release/2022/05/27/2452119/0/en/NANO-MAGIC-SELLS-MAJORITY-INTEREST-IN-APPLIED-NANOTECH-TO-EMPLOYEES-AND-ELECTS-DAVID-SHERBIN-TO-BOARD.html
FYI--SEC taken down a peg.
Subject to en banc review and other appeal procedures maybe.
https://www.ca5.uscourts.gov/opinions/pub/20/20-61007-CV0.pdf
I see this company after spending amounts to hire people to ramp up
production is adjusting to lower market demand. And promissory notes
are being issued to proverbially kick the can down the road again.
Talking about scrapping the bottom of the barrel--rinse, wash, repeat.
Things are beginning to converge in ways I don't understand and I would
rather watch glaciers melt than consider my investments here.
Maybe I should consider taking my bird binoculars to a location near the
Michigan facility to count the vehicles in the parking lot for a personal assessment.
Or at least stand near that nearby charging station with a squeegee and a
card board sign--inscribed "Did nanotech, need help".
Otherwise I am amazed by Tom Berman's persistence. There may be a limit
though in my time line estimation. Keeps pumping money into this saga for now.
I'm also there. I've always held out hope, but after this report I don't even see a flicker. I guess the bigger the potential, the bigger the disappointment. Well, it's been nice to be part of the board discussion. All the best (elsewhere) to everyone.
I now admit that this investment has been a disaster.
This brings back embarrassing memories of unrestrained excitement of investing in the NANO revolution.
Have I Wasted All These Years? Don’t Answer!
AUSTIN, TX and VALLEY VIEW, OH--(Marketwired - Mar 11, 2014) - Applied Nanotech Holdings, Inc. (OTCQB: APNT) (Applied Nanotech), a global leader in nanotechnology research and development, and NanoHolding Inc., the parent company of Nanofilm, Ltd. (Nanofilm), a private company with a leading market position for specialty optical coatings, cleaners and nano-composite products, today jointly announced that their respective Boards of Directors have approved an agreement and plan of merger and exchange. Under terms of the agreement, a new company named PEN Inc (PEN) will be created. Upon completion of the merger, current Applied Nanotech stockholders and holders of certain debt convertible into Applied Nanotech's common stock are expected to own approximately 38% of PEN's outstanding common stock, and owners of Nanofilm are expected to receive approximately 62% of PEN's outstanding common stock. Scott Rickert, Ph.D., the chief executive officer of Nanofilm, will become the chairman and chief executive officer of PEN.
Based on 2013 pro forma historical financial statements of Applied Nanotech and Nanofilm, assuming the merger had occurred at the beginning of 2013, PEN would have had 2013 revenues exceeding $13 million. Projected 2014 revenues of PEN are anticipated to be greater than 2013 pro forma revenues, generating positive operating income, not including transaction expenses.
This transaction will combine the technology portfolios of Applied Nanotech and Nanofilm, to be catalyzed by Nanofilm's experience in consumer and industrial product commercialization for worldwide markets, thus enhancing PEN's ability to gain greater value from its intellectual property. PEN was created to build a platform for a higher rate of expected revenue growth based on increased capabilities in intellectual property, key personnel, development facilities, operating facilities and customer relations to aggressively pursue product commercialization. PEN anticipates future acquisitions of companies that have strong intellectual property but are in need of commercialization expertise, as well as companies whose products can be advanced by PEN's technologies.
"PEN offers an exciting opportunity for Applied Nanotech and Nanofilm shareholders to share in the growth of the combined company," said Dr. Rickert. "Customers and consumers will be served by new products that incorporate nanotechnology, the science of small, to accomplish big breakthroughs. The name PEN is derived from 'products enabled by nanotechnology.' I am ready to show how a disciplined business approach can transform scientific innovation and bring next-generation products to the worldwide marketplace."
Scott Rickert, an early nanotechnology entrepreneur, founded Nanofilm in 1984. Nanofilm distributes a variety of products in dozens of countries across the globe.
Did u guys see the “Equity Incentive Plan” they offer in their 10-Q? Boy if I was employee I’d want in on that.
Please don’t get me a raise but allow me to be a part owner of this incredibly ran organization with this valuable stock. What a joke!
https://www.nanomagic.com/ani/
50 plus patents!!!!
R&D awards!!!!
I really have no idea why PenC purchased APNT to begin with. I’m serious in asking… Does anyone know why?
It shows me how mismanaged they are to purchase a company and do absolutely nothing with their technology. What am I missing?
JC, I totally agree. For years I thought this Company was good investment and had a bright future. Now I am done with it and the really, really smart business people that have come aboard. If, for some miracle I can just get reasonable close to even I am out of here. I am sick and tired of being sick and tired.
At some point getting rid of sick and tired will more than justify getting rid of this albatross in exchange for peace of mind.
https://compliance-sec.com/secfilings/company/penc/link_files/2022/05-16-2022/Form10-Q(05-16-2022)NanoMagicHoldings/Form10-Q.pdf
I guess I'm glad it's not trading and it is holding at .2, cuz with a report like this is should be at about .0002. It's pretty sad with all the patents they have they still just try and push the anti-fog products. If I could get out at .2, I'd sell and be done with these owners. Even if the SEC was to relist this company they aren't headed anywhere. Pretty sad.
Chillin' and Waiting and Wishing and Hoping and Prayin'.
Effective May 13, 2021, the Board elected Lara O'Connor Hodgson to serve as a director. In approximately a week it will be a one year anniversary for Lara and still waiting to see some positive accomplishments. Also one year since they told Todd Lunsford don’t left the door hit you in the….
“LEVEL UP”
… enormously validating… Small business owners who feel lost in the trenches should give this a look.” — Publishers Weekly
“A practical, how-to manual with examples and actionable principles for founders looking to innovate, break free and move forward.” — Financial Times
Words I hope will inspire and motivate the stock price: INNOVATE, BREAK FREE, MOVE FORWARD OUT OF THE TRENCHES
I can personally attest to witnessing executives so taken with presentations at a motivational seminar they managed to incorporated that same enthusiasm for almost a week at work.
Time to chill and read our director's new book etc....
Level Up
RISE ABOVE THE HIDDEN FORCES HOLDING YOUR BUSINESS BACK
By Stacey Abrams, Lara Hodgson and Heather Cabot
https://www.penguinrandomhouse.com/books/706859/level-up-by-stacey-abrams-and-lara-hodgson-with-heather-cabot/
Or for those inclined to listen and watch--dropping saline solution into Alex's( Malcolm McDowell)forced-open eyes in A Clockwork Orange comes to mind.
A much more polished interview than that other one from MIT. IMHO
Impact Presents: Lara O'Connor Hodgson, President and CEO, NOWAccount and co-author ‘Level Up’
I stand by my claim that the SEC is corrupt to the core…. but, so is our entire government these days.
No more DOA than it was before this ruling. If I read this correct, at some point NMGX filed a petition asking for "all" the evidence against them regarding the ruling 2 years ago. This ruling is saying they aren't going to give it to them. What's ridiculous to me is how it took the SEC this long to make this ruling and now is giving NMGX 30 days to respond. As always the SEC has no timeframe to do anything. So I'm guessing NMGX will formulate a response in a week or so and then the SEC will sit on it again for 2 years. Typical that the SEC will not admit they made a mistake with no regard to investors.
NMGX appears to be dead in the water. Despite this fiasco, 2021 turned out to be a great year for my trading account!
Bad Move!
Nano Magic had the facts! They should have sought insights into the SEC’s legal analysis. With that information they would have had an opportunity to uncover a politically subjective and haste driven decision.
Smarter Attorneys Are Desperately Needed
NMGX: SEC "ORDER DENYING MOTION TO COMPEL"
https://www.sec.gov/litigation/opinions/2022/34-94818.pdf
A Suggested Novel Strategy
Or, when all else fails.
The best defense is a good offense!
Ladies and gentlemen I give you “CovidMagic Relief.” I disinfectant that kills 99.9% of the COVID virus on any surface.
“Balls to Wall” “To hell with the torpedoes! Full speed…”
Betcha the SEC will want to get back to the table talks.
Could be more of a delay per current events.
The reasoning being from the following statement likened to all hands on deck
will be busy pursuing something else.
"DOJ/SEC would have to pull lawyers off other matters in order to put them on Musk full-time. That just doesn't happen. DOJ/SEC doesn't have a pool of idle lawyers standing around waiting to be assigned to something to do. The Mueller SCO learned this."
Still no relief from the SEC. The corruption in our government runs deep.
The length of time during which the SEC has not issued a final decision “on the merits” of the alleged violation would be an important factor the appellate court would consider in deciding whether to grant or deny issuance of a writ. NOTE tho that even if granted it is unlikely the court would indicate any opinion of the merits. It would only tell the SEC to issue a decision.
A quote from a recent mandamus case involving criminal procedural issues: A “writ of mandamus should issue only if: (1) “the party seeking issuance of the writ [has] no other adequate means to attain the relief he desires”; (2) “the petitioner [satisfies] the burden of showing that his right to issuance of the writ is clear and indisputable”; and (3) “the issuing court, in the exercise of its discretion, [is] satisfied that the writ is appropriate under the circumstances.” Cheney, 542 U.S. at 380–81
…
In the NMGX application the company is asking for an order directing another branch of government, the executive branch, to do something. So, since NMGX’s application implicates “the separation of powers [doctrine], the Court of Appeals must also ask [whether issuance of a writ would] constitute[] an unwarranted impairment of another branch in the performance of its constitutional duties.” Cheney, 542 U.S. at 390.
JC: mandamus is so unusual i and most never deal with this procedure. Also I think tho I could not confirm that most applications involve prisoners seeking relief so statistics about the frequency of success and timing would not likely be helpful. In comparison IMO the present case where an agency of the executive branch is simply not acting where it is required to make a ruling one way or another is the type of unusual situation where a writ might properly issue.
All courts run on their own schedule so predicting a result would be a guess or at least I would not be able to offer a meaningful estimate. See next post for more…
PQR... Since you are the attorney in the group do you have any idea of the time it takes to rule on the Writ of Mandamus. I did a little searching and it seems like the typically time is 60-90 days. But since the SEC hasn't ruled on their petition from 20 months ago is the timeframe valid? It sure didn't take 20 months for them to rule against them/US.
Well for the longest time I would not pay for that either. But after a while I gave in.
pqr, I don’t have the ability to send pm’s. I’m too cheap to upgrade my account. lol
According to the SEC, I was one of the so called “promoters”. I can promise you that nothing could be further from the truth. I’m just an average guy who is holding my NMGX and hoping for a return on my investment….if that ever happens. Their allegations were completely baseless.
JC: because IMO only, SEC followed over-aggressive staff recommendation and made a decision that it now wants to go away. So, NMGX is off to the purgatory of “we’re thinking about it.” Pathetic.
Did you guys see the latest 8-k?
https://compliance-sec.com/secfilings/company/penc/link_files/2022/02-17-2022/Form8-K(02-17-2022)NanoMagicHoldings/Form8-K.pdf
A glimmer of light! At least I feel they are still fighting for the cause and not just letting the SEC bull them over. I still have no idea why the SEC chases after these small fish when the sharks loom large. Let them be... if their product isn't what they say it is sales and the SP will take care of itself.
Lets go SEC!!! make this right!!!!
Hi JC. Thanks for the welcome. I probably don’t show up as an individual shareholder. I bought from the management group in PEN 2 Comeback. I think that’s the best explanation. I would be a buyer if there are directly-owned shares available. In the FWIW category I am a lawyer and have followed the SEC b.s. as much as I have been able to figure that out.
Welcome pqr … but how in the world are you a new shareholder? The stock doesn’t trade on the open markets unless you are selling.
It did trade, before the SEC made false accusations and screwed everybody over.
Hi new shareholder here does this trade at all? What platform?
I take this to mean that the SEC knew it was wrong, but won’t admit it. In the meantime, the company and it’s shareholders continue to get screwed over by the SEC.
The Wheels of Justice sure turn slow. If I had read this in August, I would have been expecting near-term relief given how positive the letter sounds. At least we should take some comfort that the path to normalcy continues in the background. Thanks for finding and posting!
Greetings all... I was digging around this evening and found this filing that I thought was interesting, especially since I haven't seen it before.
In August of last year this was filed.
https://www.sec.gov/litigation/opinions/2021/34-92703.pdf
"Writ of Mandumus" if action wasn't taken on their petition in a timely manner? I'm not sure what timely means but I would think since we are coming up on 2 years in May that some type of action would be taken soon.
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