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While the total sales amounts for the TB kits is in the thousands of dollars, Nanologix hopes the sales for use in this and other related TB projects will grow significantly.
That's a long way off from a $0.07 pps valuation. A very long way off.
It's a red flag excuse well known to accountants. Doesn't matter if it's "alleged shareholders" or not. The issue is "blame". Sound companies with sound management do not engage in the blame game.
Nanologix blames shareholders...and others
NanoLogix is pleased to elaborate further on an item of note from last month's announcement regarding shipment of TB Diagnostic kits to a Third World Research Project. The Company has sold and shipped their TB Diagnostic test kits for use on a Third World research project funded by the National Institutes of Health, (NIH) the National Institute of Allergies and Infectious Diseases (NIAID) and the Bill and Melinda Gates Foundation, with other funding from foreign Government agencies.
Three reasons exist for this announcement. The first is to inform the public that whenever we released previous news where we were either named as being associated in research and development by an entity such as the US EPA or the University of Texas Health Science Center in Houston, or were cited in a research paper dealing with our technology by Battelle Biomedical Research Center in Ohio, those entities were all harassed by persons claiming to be NanoLogix shareholders who demanded to know the nature of the business relationships between the entities and NanoLogix and who asked for insider information regarding the status of the ongoing research. Those harassing efforts nearly destroyed the ongoing business relationships NanoLogix was truly privileged to have with those organizations. In this case anyone pursuing the same tact will come up against some very non-receptive forces.
The second is to demonstrate that we at NanoLogix had a goal, and that was to develop and provide to the world, diagnostic and research technologies that are premier and second to none, to create jobs in the rust belt area of northeast Ohio where the mindset of the area is steel mills, auto manufacturing, and low tech service jobs.
The third is to call attention to the facts that we, being a penny stock company, are considered the lowest of the low for investment. We are ignored by brokerages, especially ignored by the local media, and scorned by the investment community in general. Oddly enough, as ignored as we've been, we have still developed customized versions of our new N-Assay modified ELISA rapid bacteria diagnostic for one of the World's largest medical technology companies (under a very strong non-disclosure agreement), worked with the US EPA on developing tests for drinking and source waters, and had our technology presented as the fastest, most accurate and sensitive bacteria diagnostic test in the world. In addition, we've sold large numbers of proprietary packed FlatPacked petri plates in the USA and around the world for use in everything from simple quality control, food processing monitoring, soil testing, cosmetics and personal care products testing, environmental testing for post-flood contamination, water quality analysis, biodefense (we think, but classified), university research, and tens of thousands of users through Amazon and EBay for varied uses.
...and now we've sold TB diagnostics for use on a project funded by whom...?
Our share price and company are under attack by sick manipulators who only hurt dedicated shareholders. We as a company will survive and prosper.
We will expand our facilities as soon as feasible for increased FlatPack and N-Assay production, and are exploring relocating to a different state where we can be considered as bringing a benefit to the area.
Reach out to who?
For some purpose both the NanoLogix email update system and the CEO's email have recently been under assault by persons unknown.
In the last three weeks, the email update system has been inundated with hundreds of computer-generated subscriptions utilizing coded user names bearing no resemblance to legitimate user names. The net result could be added costs to NanoLogix for use of the iContact email marketing program.
Additionally, the CEO's NanoLogix email address has begun receiving hundreds of nonsense emails per day, sometimes per hour, apparently intended to divert time and resources away from NanoLogix business.
NanoLogix is utilizing the services of a company specializing in tracking electronic assaults as a counter to these efforts.
There is no pre-market for Fannie Mae's OTC stock. They have to be up-listed before that happens and that takes quite a few qualifiers and several months to accomplish.
They won't have to draw anything if they're put into recievership.
No. But could be used to bargain for that.
How does not making your stock price increase have anything to do with putting taxpayers at risk? Increasing the share price doesn't stop a bailout. The bailout isn't calculated based on the share price. Lol.
Because maybe the plan is receivership. Why do you assume they WANT to stop the NWS? Only people that benefits is shareholders. Why do you assume Treasury is even concerned with the shareholders?
Treasury doesn't need to wait for FHFA to end NWS. They have the authority to amend the SPSPA and end it themselves. Invalidates your argument.
What paragraph? There's no paragraph that states he owns commons. Conversely, there's an entire annual filing that says he does not. There's countless videos of his interviews on YouTube stating he doesn't.
Correct, but they do.
Berkowitz doesn't own common stock which is why he states that he doesn't own common stock publicly.
This was written January 30th, 2017
We are frequently asked (i) why we own the preferred stock of Fannie Mae and Freddie Mac INSTEAD of common shares, and (ii) how this story ends. Our answers are simple: the provisions of the preferred stock contracts that we own provide us with greater security and certainty than the common stock and, as you know, we are not speculators.
That was after the fact they were already in conservatorship and the entire country was in a recession. It didn't cause the market to crash because the market had already crashed lol. When you're trading for $0.15 per share, you can't really get much lower than that and it mattering. Try to think your thesis through before posting.
Couldn't care less what a random reporter wrote. Here's his holdings from his website. Show me where the commons are.
http://www.fairholmefundsinc.com/Reports/Funds2016Annual.pdf
And you don't think him revealing such an intention would cause panick in the market? Get real. If that's his intention, he'd be a fool to say it. It would crash the entire banking industry who relies on the GSE's. Do you think he wants to be known for creating a recession?
On the other hand, keeping quiet and slowly advancing such a plan wouldn't disrupt the housing market at all.
Please do. It's all in HERA and the 2016 Omnibus. If that seems tasking, here's an easier read:
http://www.housingwire.com/articles/35846-federal-spending-bill-makes-recapitalization-of-fannie-freddie-far-less-likely
Actually, that's telling you that smart money is the first to know and it takes dumb money (commons) a little longer to figure things out, which is why when the court ruling in Perry happened, preferreds fell 25% and recovered quickly the same day while commons fell close to 40% and took weeks to gain a few points.
You better hope his plan is to finish in 2018 because if it isn't, this thing will go into receivership. Why? Because he can't get congressional support because nearly every Republican is against the GSE's. Clearly was on display last night. The GSE's require congressional approval for the Sr. Pfd's to be sold, transfered, and otherwise. However, on January 1st, 2018, that law goes away because it's a temporary law. That means Mnuchin will have the full power at his disposal to stop the conservatorship without congressional approval. So again, you better hope that's his plan.
He didn't say he'd "finish" in the second half. He said he'd "start" in the second half. Another example of misinterpretation.
Mnuchin isn't doing anything until 2018 when the time limit on congressional authority over the GSE's have lapsed.
Ignore which variables?
I know the value of the business. No assumptions necessary to come to that conclusion, just mathematical facts.
Not really. I've stated several times that I couldn't care less if anyone holds preferred or commons. It's just a mathematical fact, if you hold commons, you'll be disappointed.
You're welcome.
That's easy. The alternative can be found on page 109 & 110 of HERA.
You're right until you're not.
So it's all a big media conspiracy? lol.
That's the single biggest question I see asked in every bankruptcy case I observe. The outcome is always the same.
You'll get 10% of $0.00.
Yes ma'am.
Go to mailbox, removed posts, and it will say whether it was a mod or administrator.
Not true. A few figured it out, wrote a few stories about it, and it was confirmed yesterday by the Treasury Secretary.