Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yman,
DP is a real deep thinking that's for sure ! Few sandwiches short of a picnic.
"DP: Based on your thinking shareholders can either (1) do nothing and own shares of 0 value or (2) support ant and have no shares and then 0 value. I'm no math wizzard but 0 in one case is no different than 0 in the other. Let this get settled in the courts and shareholders will still end up with 0. Hopefully Bret, Faro's and Chatterton end up with 0. Share the pain. If ant has any integrity and ends up with the patents and he keeps his word shareholders might have a chance. IMO"
DP: Based on your thinking shareholders can either (1) do nothing and own shares of 0 value or (2) support ant and have no shares and then 0 value. I'm no math wizzard but 0 in one case is no different than 0 in the other. Let this get settled in the courts and shareholders will still end up with 0. Hopefully Bret, Faro's and Chatterton end up with 0. Share the pain. If ant has any integrity and ends up with the patents and he keeps his word shareholders might have a chance. IMO
END of 2021 update....
Just bored and looking to see what the last updates were ? here is end of 2021 update....
NanoLogix End of Year Update
NanoLogix provides the following as information to recipients of the Corporate Newsletter and the general public.
Over the past twenty-plus months the Company has experienced events with significant influence on operations, development, and perception of the Company. We are taking aggressive steps to resolve this situation.
One negative factor involving the sale of FlatPack petri plates was unpredictable, unavoidable, and caused substantial harm to a huge number of US businesses, including NanoLogix. The suspension of classes for most schools due to the COVID-19 pandemic resulted in a notable reduction of our FlatPack sales to a major customer sector. At this point with students back in schools the situation is turning around.
A second event of significant consequence was the development of the Rapid Viral Assay (RVA) technology. This technology has enormous potential not only for rapid detection of COVID-19 but multiple other viruses and variants.
The third factor was a change in SEC regulations that shifted thousands of companies from tradable non-reporting Pink Sheet status to a much more difficult to trade “grey market” status. This shift has had a drastic effect on stock prices.
Those three events present challenges for NanoLogix. We are dealing with those in the following ways:
1) With the reopening of many schools, we are prepared to increase FlatPack petri production to satisfy rebounding market demand.
2) We are also preparing for FDA Registration in January 2022 in order to be authorized to sell to laboratories and other groups that use Petri plates for testing samples under FDA regulated conditions. The FDA registration will list the FlatPack, our currently produced product, along with the ELISA variants of the N-Assay and RVA technologies.
3) After discussions with the OTC, and determining they will not accept independent SEC filings in order to restore NanoLogix to tradable Pink Sheet status, we will begin providing OTC with financials, and accept the burden of a $10,000 yearly fee. This is required to restore the Company to tradable status.
An Exciting and Vital Development
We have received a proposal from a large and very well respected research and development corporation titled for "Development of a Rapid Viral Assay (RVA) Suitable for Detection of COVID-19 and Other Viruses". This work will be accomplished utilizing live virus samples of multiple strains of COVID-19. Our initial portion of the development costs for the proposal is roughly $500,000. We have begun raising that amount through the use of a mechanism offering a small net revenue interest percentage of potential RVA sales. We have already raised $150,000 from interested medical groups through use of that mechanism, and intend to raise the balance with no sale or dilution of stock.
Along with the research and development partner described above, we believe that the patented Rapid Viral Assay (RVA) represents the only technology with the ability to detect live virus and determine both infection status and contagiousness potential. Our commitment is to push this critical technological development forward with all our resources and focus—both due to the overwhelming need for such a capability, and because we expect to be able to access a vast market for use of what promises to be a leading tool for accurate and rapid viral diagnostics.
This update or press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of NanoLogix, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
YMan , I understand the logic you are using however if ant is successful he will not, in my opinion be sharing his bounty with share holders.....Now you have basically worthless share value but you do have shares. If ant is successful taking over the assets of Nanologix then in my opinion you will have neither shares or value..........He is not doing this to salvage shareholder value as he states " he owns no shares "
DP: Shareholders have nothing now and if it doesn't work out with ant they will also have nothing. So I ask, what's to lose? If ants plan does work shareholders may have a chance to recoup something. I don't see anyone else stepping up or any information from the co. Now if you believe Bret will salvage something I'd like to hear what the plan is. If things end up in court it will be years before anything gets resolved. If that's the case the only one who comes out ahead will be the lawyers.
DP,
"Not a fantasy omar just a comment on your buying in to Ant's scam....Some posters here do not appear to have the depth of intelligence to see the forrest thru the trees......."
If it's such a scam then why is the claim that Faro was wanting into it just that only problem was he wanted BB included, at least that is my understanding, so both BB and Faro are wanting into the scam you claim ? The problem with BB is why would anyone want the guy who put this company into the position it is now involved in any way ? You really don't think with a very depth mind as you want others to think and I believe you must have ran into every tree in that forrest because you been knocked silly stupid !
Not a fantasy omar just a comment on your buying in to Ant's scam..........He's playing god with our shares?.......If we accept his play he'll include us?....total BS....Did you see the Clint Eastwood flick with the sarcastic comment " swapping spit "......Some posters here do not appear to have the depth of intelligence to see the forrest thru the trees...........
DP,
"Omar...You and ant should get a room, swap some spit and have a party....easy to see the love you share for one and the other........Oh the entertainment...better than a sitcom......Nanologix appears dead but the action in omar's head is peaking."
No one cares to hear your homo fantasies. You bring nothing but elementary level insults to the board and claim others stupidity entertains you, you're the joke.
Just because you don't care for others posting that is your problem, I find what Ant is posting interesting and looking forward to where it ends up. Keep pretending all this is made up.
Go roll your life savings A hole.
Omar...You and ant should get a room, swap some spit and have a party....easy to see the love you share for one and the other........Oh the entertainment...better than a sitcom......Nanologix appears dead but the action in omar's head is peaking.
Ant,
"I am troubled? You are the one who lost your entire investment due to a conman, I lost nothing. I am the one and the only one that might have given you a chance to recoup your investment but after you're bullshit if I am successful I assure you you will not be involved. Go roll your the rest of your life savings and say hello to uncle Bret for me.
Since DP is so against you I think he shouldn't be involve with anything you do and he should stick with Bret direction, we can see how well that has gone through the years.
go roll your savings A hole
DP,
You name call others but it's a problem if others do it ? Please, you're the joke. Go whine some more I find you very entertaining, and when you whine enough go to Faro's office and get your lady parts check out since you're not man enough to take the same stuff you dish out to others.
My Dear Ant, Anybody with integrity, business sense and the drive to make things right would not name call, threaten, and berate others. You seem to do all that and more.........I may be proved wrong but at this moment you appear to be no more than an attention seeking bully who writes a wonderful .....We'll get even with Nanologix verbiage.........Carry on with your quest, great entertainment.
The following communication was sent to Pomerantz LLP, who is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
Dear _____________.
I am aware of your investigation of Cytosorbents (CTSO) which is long over due. I am a 20+ year veteran of the medical technology industry with a unique interest and knowledge of the CTSO technology. For years I have been opining that their technologies are nonsense and would never obtain FDA clearance.
On another note, I have been recruited by certain shareholders of a company known as Nanologix, Inc. (NNLX) to opine on the value of certain technologies, allegations of fraud and criminal misconduct of the company’s officers and directors. NNLX has purportedly developed two unique patented technologies for the rapid detection of bacteria and viruses. The company claims that its N Assay technology can rapidly not only detect COVID it is the only self administered test that can determine if a subject is contagious, within minutes. As you can imagine if proven to be true the value of the technology and enterprise would be enormous.
By way of background, NNLX was a BB traded company up until FINRA imposed new rules that required companies to provide CPA reviewed financial statements. In response to that requirement the company advised shareholders that it did not have the funds to comply and as a result the company would be delisted from the BB. Obviously the delisting caused significant harm to the shareholders. For well over a year now the company has not traded nor has the company provided any information or guidance to the shareholders despite their numerous requests. Although we have no way of knowing for sure it is believed that the true reason the company could not comply with the requirement to provide reviewed statements had nothing to do with the lack of funds to pay for them and more to do with the fact that a CPA would never sign off on the statements of a voided, nonexistent corporation as discussed below.
Upon being asked to give my opinion of the technologies and overall company I began by checking the company’s status with the State of Delaware which established that (1) the company had not filed Franchise Tax Reports since 2015; (2) that > $400,000 in taxes is past and remains due and (3) the corporation was voided in March of 2018 due to the non-filing and non-payment. Further investigation has established that while the corporation was in a voided status which it remains in, the company filed a Form D with the SEC notifying it and the public of its intention to raise $3mm. As I am sure you are aware that Form D requires a certification by a qualified officer and the directors that the company was in good standing in the State of Delaware. Although the CEO and directors provided that certification the record establishes it to be false. It should be further noted that the Company reported that a portion of the $3mm was actually raised.
Despite the fact that the company has been voided in Delaware since 2018 the company through its CEO and directors have authored and published glowing Press Releases about its technologies; potential research, distribution and fund raising agreements with multinational firms that never came to be. As an example, one press release reported that the only two directors exercised options on millions of shares which provided the company with the funds to continue the development of the N Assay technology and suggested that it “reflects their belief in the NanoLogix rapid viral detection technology and its potential”. Not surprisingly over the following days after that PR was released the price per share and volume significantly increased. As the company has refused to provide even the minimal financial information there is no way to know if the exercise of the options albeit in a voided company every took place although one of the directors recently disclosed they only owned “a couple hundred thousand shares”.
With respect to those directors who are both physicians, they are father and son. The son is a coinventor of the technologies. It appears from PR’s published by the company that both were appointed in 2020 years after the corporation was voided. At no time during their tenure was a directors or shareholder meeting held. It wasn’t until I advised them that the corporation was voided years before they were appointed that they resigned, although they never stated the reason for their resignation nor was their resignation ever made public. It should also be noted that most recently the company was evicted from its leased space and on 1/16 a hearing will be held to determine the amount of judgment.
Although I understand that claims against the voided corporation would be fruitless it is my understanding that Delaware law would allow for claims against the officers and directors personally. Although I do not know the financial position of the CEO who is the only officer it is believed that the two directors are financially well healed prominent physicians.
If after your review of the facts and circumstances provided above you believe your firm would have an interest in representing the shareholders in this matter I would look forward to such a conversation.
Thank you for your time and consideration of this matter.
I remain,
Thomas J Fagan
I am troubled? You are the one who lost your entire investment due to a conman, I lost nothing. I am the one and the only one that might have given you a chance to recoup your investment but after you're bullshit if I am successful I assure you you will not be involved. Go roll your the rest of your life savings and say hello to uncle Bret for me.
You are without a doubt a troubled individual. You need help as it is obvious you are seeking attention.....get yourself help ant.
DP...go roll the rest of your life savings in that round cylinders. You're a f ing idiot.
DP, I guess the eviction/rental hearing, part 2, scheduled for Jan 16 at 1:30 is also made up. Small potatoes compared to what's coming down the pike. Sunlight is the best disinfectant.
DP,
You're saying ANT is making all this up ?
What are you knuckleheads doing? Making stuff up and then reacting to it? You all been studying how Trump works? The stupidity here amazes me.
Ant4,
"To make matters worse, when Faro's found out about all of Bret's scams and cons and they resigned due to them they had a legal obligation to the shareholders and investing public to tell that everything at NNLX was not ok. Wouldn't you as shareholders would have liked to know why they mysteriously resigned after all their rosy PR statements that everything was great at NNLX? "
So they walked away without telling the shareholders what is up ? How nice of them, then they backed out of a deal so that the person who did things that made them walk away could be included in the deal ? Talk about some crazy stuff. And to this day, we only hear about this because you said something not that it came from them or anyone else from the company, they sure love the shareholders don't they ?
Going be good to see what comes from this....
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
STATION PLACE
100 F STREET, NE
WASHINGTON, DC 20549-2465
Office of FOIA Services
January 8, 2024
Mr. Thomas Fagan
RE: Freedom of Information Act (FOIA), 5 U.S.C. § 552
Request No. 24-01084-FOIA
Dear Mr. Fagan:
This letter is in reference to your request, dated and
received in this office on January 5, 2024, for investigations
concerning Nanologix, Inc., since May 2020.
We will be unable to respond to your request within the
Freedom of Information Act's twenty day statutory time period, as
there are unusual circumstances which impact on our ability to
quickly process your request. Therefore, we are invoking the 10
day extension. These unusual circumstances are: (a) the need to
search for and collect records from an organization geographically
separated from this office; (b) the potential volume of records
responsive to your request; and (c) the need for consultation with
two or more other offices having a substantial interest in either
the determination or the subject matter of the records. For these
reasons, we will process your case consistent with the order in
which we received your request.
Please be advised, we are consulting with other Commission
staff regarding information that may be responsive to your
request. We will advise you of our findings, as soon as we
receive a response.
Mr. Thomas Fagan 24-01084-FOIA
January 8, 2024
Page 2
If you have any questions, please contact neilsonc@sec.gov
or (202) 551-3149. You may also contact me at foiapa@sec.gov or
(202) 551-7900. You may also contact the SEC’s FOIA Public
Service Center at foiapa @ohbaby1994. For more
information about the FOIA Public Service Center and other
options available to you please see the attached addendum.
Sincerely,
Curtis Neilson
FOIA Research Specialist
Enclosure
ADDENDUM
For further assistance you can contact a SEC FOIA Public
Liaison by calling (202) 551-7900 or visiting
https://www.sec.gov/oso/help/foia-contact.html.
SEC FOIA Public Liaisons are supervisory staff within the
Office of FOIA Services. They can assist FOIA requesters with
general questions or concerns about the SEC’s FOIA process or
about the processing of their specific request.
In addition, you may also contact the Office of Government
Information Services (OGIS) at the National Archives and Records
Administration to inquire about the FOIA dispute resolution
services it offers. OGIS can be reached at 1-877-684-6448 or via
e-mail at ogis@nara.gov. Information concerning services offered
by OGIS can be found at their website at Archives.gov. Note that
contacting the FOIA Public Liaison or OGIS does not stop the 90-
I am aware of him and in fact trying to get contact info for him. There is no such thing as a director in name only. If he was a director at anytime during this scam and sat back and let Bret fail to file and pay taxes he is as responsible as the Faro's. I am sure the authorities are aware of his involvement.
The Nanologix web site list John Chatterton as director. To what degree does he share responsibility, if any? The reason I ask that is, if you're going after the principles why not all who had any degree of decision making? Maybe his position was a director in name only.
Jon Faro made a huge mistake trying to intimidate me by going to the NJAG..............HUGE. He used to tell me he had no time to speak because of his patient schedule. LOL. I have a sneaky suspicion his schedule will soon be interrupted by consultations with attorneys in an effort to keep him and his 82 year old father out of jail. He's put me on a mission that will leave no stone unturned. Make no mistake about it he and his father who sat back and allowed Bret to con the shareholders is just as responsible as the conman. How they can walk away from an agreement that would give him and his 82 YO father general releases not to mention significant upfront cash is beyond belief unless Bret has something on them. Stay tuned we will soon know who sold all those shares in the voided company after their glowing PR's. Maybe Faro's? Maybe Bret? Maybe that's why Faro conditioned any agreement on Bret's approval? All of this nonsense while COVID once again is spreading like wildfire and becoming a significant national health threat. If they were smart they would end this lunacy accept the proposed agreement or some variant of it and concentrate on getting N Assay into the marketplace not only to potentially save millions of lives but make amends with you the shareholders whom they defrauded.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
STATION PLACE
100 F STREET, NE
WASHINGTON, DC 20549-2465
Office of FOIA Services
January 8, 2024
Mr. Thomas Fagan
RE: Freedom of Information Act (FOIA), 5 U.S.C. § 552
Request No. 24-01084-FOIA
Dear Mr. Fagan:
This letter is in reference to your request, dated and
received in this office on January 5, 2024, for investigations
concerning Nanologix, Inc., since May 2020.
We will be unable to respond to your request within the
Freedom of Information Act's twenty day statutory time period, as
there are unusual circumstances which impact on our ability to
quickly process your request. Therefore, we are invoking the 10
day extension. These unusual circumstances are: (a) the need to
search for and collect records from an organization geographically
separated from this office; (b) the potential volume of records
responsive to your request; and (c) the need for consultation with
two or more other offices having a substantial interest in either
the determination or the subject matter of the records. For these
reasons, we will process your case consistent with the order in
which we received your request.
Please be advised, we are consulting with other Commission
staff regarding information that may be responsive to your
request. We will advise you of our findings, as soon as we
receive a response.
Mr. Thomas Fagan 24-01084-FOIA
January 8, 2024
Page 2
If you have any questions, please contact neilsonc@sec.gov
or (202) 551-3149. You may also contact me at foiapa@sec.gov or
(202) 551-7900. You may also contact the SEC’s FOIA Public
Service Center at foiapa @ohbaby1994. For more
information about the FOIA Public Service Center and other
options available to you please see the attached addendum.
Sincerely,
Curtis Neilson
FOIA Research Specialist
Enclosure
ADDENDUM
For further assistance you can contact a SEC FOIA Public
Liaison by calling (202) 551-7900 or visiting
https://www.sec.gov/oso/help/foia-contact.html.
SEC FOIA Public Liaisons are supervisory staff within the
Office of FOIA Services. They can assist FOIA requesters with
general questions or concerns about the SEC’s FOIA process or
about the processing of their specific request.
In addition, you may also contact the Office of Government
Information Services (OGIS) at the National Archives and Records
Administration to inquire about the FOIA dispute resolution
services it offers. OGIS can be reached at 1-877-684-6448 or via
e-mail at ogis@nara.gov. Information concerning services offered
by OGIS can be found at their website at Archives.gov. Note that
contacting the FOIA Public Liaison or OGIS does not stop the 90-
Omar: See amended annual report. Not sure who's running the Hubbard location.
https://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=MARSHDEVELOPMENT%20F130000024950&aggregateId=forp-f13000002495-0072fe1e-c723-4c58-b7d4-4b187e2091b4&searchTerm=MARSH%20CREEK%20OWNERS%20ASSOCIATION%2C%20INC.&listNameOrder=MARSHCREEKOWNERSASSOCIATION%20N216050
So who is running that now ?
If he has passed away ? Family ?
Yman,
It's also Bret Barnhizer, maybe autocorrect happened ?
From: tom@uvceuticals.com
Sent: Saturday, January 6, 2024 6:29 PM
To: 'termislevy@gmail.com'
Subject: Att James March
Dear Mr. March.
I am a plaintiff in an action against Bret Barnheiser individually filed in the Court of Chancery in the State of Delaware. It was filed against Bret and others personally due to the fact that Nanologix was voided by the State of Delaware in 2018 due to its failure to file franchise tax returns and pay > $400,000 in taxes since 2015. In other words the company has not existed since 2018. I am not sure what effect that may have on your litigation other than in my opinion Bret, etal may be personally responsible for any debt due to March Development. I have attached documentation from Delaware evidencing same.
On another note, as it appears that the company is judgment proof if in the event you have obtained or will be granted a judgment against it I would be interested in discussing with you how we might collaborate to reach our respective goals. In the event you have such an interest I look forward to hearing from you.
Thank you.
I remain,
Thomas J Fagan
From: tom@uvceuticals.com
Sent: Saturday, January 6, 2024 6:29 PM
To: 'termislevy@gmail.com'
Subject: Att James March
Dear Mr. March.
I am a plaintiff in an action against Bret Barnheiser individually filed in the Court of Chancery in the State of Delaware. It was filed against Bret and others personally due to the fact that Nanologix was voided by the State of Delaware in 2018 due to its failure to file franchise tax returns and pay > $400,000 in taxes since 2015. In other words the company has not existed since 2018. I am not sure what effect that may have on your litigation other than in my opinion Bret, etal may be personally responsible for any debt due to March Development. I have attached documentation from Delaware evidencing same.
On another note, as it appears that the company is judgment proof if in the event you have obtained or will be granted a judgment against it I would be interested in discussing with you how we might collaborate to reach our respective goals. In the event you have such an interest I look forward to hearing from you.
Thank you.
I remain,
Thomas J Fagan
Only an A Hole could look at all the criminal activities that caused the total loss of their investment and defend the conman who caused it unless that A hole and conman are related. Go wrap your coins
You call me an idiot an A Hole........whatever floats your boat........maybe you and omar can find true love....
Maybe if your brother, father, son, cousin or whoever Bret is to you would release the shareholder list which his dog probably ate I could communicate with the shareholders directly. And maybe if your brother, father, son, cousin or whoever he is to you had filed 8 years of tax returns and paid $400,000 in taxes which caused Delaware to void the company and your investment I wouldn't have to communicate at all. Go wrap the rest of your life savings in those round paper wrappers and deposit them in the bank. You're a A hole
DP,
I don't think he is bringing arguments to the board, he is just explaining things. It's just so foreign to you because it's not how the company has been through the years. He does bring a lot of interesting stuff that I'm sure you want to see if you can distract him from saying, its how you have been since day one when someone post what you don't care to see.
Well it appears the obsessed bully has completely failed as it has brought the arguments to a stock message board...... I just do not see a smart business person using that tactic..............but this was all obvious from the get go........
They had an obligation to disclose it just like when a public company parts ways with its accounting / auditing firm they must disclose if it was due to any disagreements. It amazes me the Faro's are unconcerned.
Ant4,
"To make matters worse, when Faro's found out about all of Bret's scams and cons and they resigned due to them they had a legal obligation to the shareholders and investing public to tell that everything at NNLX was not ok. Wouldn't you as shareholders would have liked to know why they mysteriously resigned after all their rosy PR statements that everything was great at NNLX? The law requires it! If they were smart, to reduce the potential wrath of federal authorities they would tell the investing public why they resigned so abruptly before its to late. I'm sure even shallow pockets would like to know."
Yes it would have been nice to know. Not cool for them to leave without sharing what it was.
The Directors' action reflects their belief in the NanoLogix rapid viral detection technology and its potential......................isnt it amazing the shot shot up on heavy volume it had never seen before after that rosy PR? Not good for the Faro's
I understand that what you were saying. Bret will come up with all kind of excuses to keep himself out of jail even his dog ate the 2015, 2016, 2017, 2018, 2019, 2020, 2021 and 2022 tax returns and the $400,000 in checks. lol He's going to jail
Although true the Faro's as directors of the company probably didn't know the company was void, that bret never filed tax returns since 2015; that $400,000 in taxes was due from before they ever became directors; that Bret inserted their names into the fraudulent Form D with SEC to raise $3mm without them knowing about it; that the delisting has nothing to do with $10,000; etc etc. Stupidity and ignorance are no defenses to serious securities violations. To make matters worse, when Faro's found out about all of Bret's scams and cons and they resigned due to them they had a legal obligation to the shareholders and investing public to tell that everything at NNLX was not ok. Wouldn't you as shareholders would have liked to know why they mysteriously resigned after all their rosy PR statements that everything was great at NNLX? The law requires it! If they were smart, to reduce the potential wrath of federal authorities they would tell the investing public why they resigned so abruptly before its to late. I'm sure even shallow pockets would like to know. I would hate to see an 82 year old man who appears to have a stellar reputation as a doctor lose his freedom but unless he rights his wrongs it could happen.
I didn't say it was covid but Bret will try to blame covid. A big difference.
Bret will blame covid? Covid didnt appear until 2020 so yes I guess that the tax returns were not filed since 2015 and $400,000 was owed for taxes 2 years before covid appeared makes sense it was covid's fault. lol. I can't say to much but I suspect he's going to be indicted and be going to jail.
I think the Faro's got lured into a bad situation and only when they realized exactly what was going on did they get out. Others who knew the development and marketing process got out immediately. One example would be Rodgers. Bret will blame covid. When you only have 1 product and it gets shut off your out of business. Of course there are many other factors that have been labeled as deceptive. Interesting times ahead, IMO
Ant4,
So the Faros got those shares ? Says Partial Funding received in this release below....interesting....
Oct. 5, 2020
NanoLogix Covid-19 Detection Test Update
Partial Funding received from NanoLogix Directors Options Exercise
NanoLogix has enlisted the services of a company with an advanced diagnostic platform that can deliver lab-quality results at point-of-care (POC). That company will perform an initial feasibility assessment of our COVID-19 viral assay on their rapid POC system. Partial funding for the first phase of the feasibility assessment is being provided through NanoLogix Director and Chief Medical Officer Dr. Jonathan Faro and Director Dr. Sebastian Faro exercise of options for 3 million shares. Those exercised shares are restricted from trading for a period of one year from issuance
The Directors' action reflects their belief in the NanoLogix rapid viral detection technology and its potential.
Independent laboratory work in Houston on a separate phase and aspect of the testing technology will begin after initial results from the above-mentioned work.
Omar. Thats a great question but don't know but suspect the authorities may be looking at. However its tough to prosecute someone because of opinions but very easy to prosecute when you imply to shareholders or those buying that everything is great and you file to raise $3mm when you know the company doesn't exist. I would think that if there is an investigation going on by the feds of Bret and the Faro's they are probably concentrating on that and MAYBE even who sold all those shares during all the COVID BS PR's when the stock went from nothing to $.185 on high volume.
As I suggested to Jon Faro if I were him I'd be trying to work out an agreement with the shareholders so when/if the feds come calling he and his 82 year old father who will claim ignorance of Brets action/inactions can attempt to claim they did the right thing.
Faro's telling me to get lost was a big favor to me and the NNLX shareholders other than you of course because we are going to own the technology without paying them any consideration while Bret and Faro's sit in jail. Stay tuned
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |