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EI: My point was a simple one. When you deal with pennies go in with your eyes open. There are many moving parts not in favor of a penny company. The post did not mention nnlx or it's chances of success or failure. Pennies are a different animal to what broader market investors are use too.
What everyone should know:
https://www.investopedia.com/articles/investing/010815/why-do-penny-stocks-fail.asp
I'm sure they are all good intentioned people however as a public team they are all lacking in what it takes to produce the results to grow this company. That's the problem with most pennies, friends and family and they don't know s... from shinola as displayed for a decade. Way past the learning curve stage. Just an opinion.
There is always hope. I'm invested and not going anywhere but not overextended. With pennies I never invest what I can't afford to lose or sleep at night. This company just can't seem to get off the dime or should I say penny. Seems they are searching for a lifeline and can't further grow it with the current team. Just my opinion.
China, slim to none. If you want to put your intellectual property at risk look to china. They will knock it off and you'll be in a legal battle forever. Why buy it when it's so much easier just to steal it and call it something else. It happens all the time.
As to a grant, the company has a chance if the universities don't suck up all the money first. Just looks at past grant payouts. The company hasn't cracked the domestic market so why would it be easier in Europe. If there was a huge demand here then others may have interest worldwide. Just an opinion
I think the company is selling just enough to keep the lights on. Part timers and no financial to indicate otherwise. If different we would have heard something to justify a higher share price. Everyone seems to be holding their breath on China and the company getting a grant. Both are long shots. Recently there was gathering of venture investors held in Akron Oh attracting small start up companies. Wonder if nnlx attended?
Emerald Isle: Hope all is well with you? Board hasn't heard anything from you in a month and a half.
Good first step and hope it moves to the next phase. In the back of my mind I remember all the "interest" expressed at all the previous conferences and meetings. The 30k being spent is a vital and necessary expense. Best news we could hear is there is a commitment. Holding and looking forward to further developments. Good job.
Your post gives a negative appearance. Better to post: "The significance of the results shown in the presentation cannot be overstated,..."
Over abundance of emotional investors each looking for the pot of gold at the end of the rainbow. Problem is no rainbow in sight, currently storm clouds.
Nothing exists until it happens. Wishful thinking???
I don't think being able to read is there problem. It's more like comprehension.
I like what I see here. At least we have and idea of the direction of what the company is working towards. No complaints on this one. Now they need to find a buyer.
If nothing happens this summer we will be back at .03 in September. Nothing will move this stock except sales or partnership.
At this point there is nothing to prove any major demand for any of the products. Maybe someday but not today. With all the conferences, papers and poster presentations you would think it would have peaked somebodies interest.
I don't think they are generating enough to go forward with the N Assay. Why else would they be trying to sell the patents? Does anyone know the sales figures, no. Generating enough to keep the lights on won't do anything for shareholders. I didn't invest to meet wages. Not saying this is done but things need to change dramatically and soon. Potential is all we have been hearing about for years and years. The company needs help. Tell me your happy with a .05 or .06 share price.
If a company has been selling in excess of 3 years and hasn't produced and significant revenue, it's not a business, it's a hobby.
Patents are only worthless if not used. You only prove there worth by sales. Once you prove sales you then have to show how it would be beneficial, dollar wise, to a larger company to gain their interest. Bottom line is, can any company make any money off the patent.
If the products are as good as boosted about and you can't sell them, then it's time to get someone who knows how to sell them. Last sales manager didn't last to long. Why is that? Was it the products, the sales manager or perhaps management. Doesn't really matter but it needs fixed. Selling is a different art than intellectual development. If your a great salesman you'll be able to sell yesterdays newspapers and not have a problem selling a great product. It should be able to sell itself.
The only way to entice a potential buyer is prove you have a product that is selling. If you can't sell the products what incentive for anyone to consider getting involved? Would anyone want to get involved in a product no one wants or you can't sell on your own? If the company is selling products it sure would be nice to know. No wonder the share price has flat lined.
"As for what you posted earlier stating that the stock price doesn't matter to the CEO, my understanding from others is that he has repeatedly said that the company is not run based upon share price, not that the share price does not matter"
Apparently share price does matter when it come to finding funding.
There is no market or very limited domestically. With overnight shipping who cares if can sit on the shelf for years.
Domestic companies are trying to reduce costs not increase them. I'm sure packaging and prep is more expensive than traditional packaging.
The market if any is in 3rd world countries where shelf life of product matters.
The future is in the N Assay not plates. Plates may help pay some bills.
Just a little confused. In Dec it was announced the company is planning to expand. Various sites toured, equipment ordered. Then announced considering moving to another state and now patents being put up for sale. Sure would like to know the long term strategy. Things seem to change with the seasons or wind. Not against the selling of the patents to a foreign company if used as stated to expand the N Assay and fund expansion. The only problem I see is finding a buyer willing to pay the price that will be asked. Could be a very long process. I know for sure that money transfers from some countries (China) can take an extended period of time even if a deal is struck there. The other item: Company was never concerned with the share price. Now when it's difficult finding funding we hear the share price is to low and hampering finding funds without massive dilution. Sure would like to know where are we financially, where are we planning to go and where we will be going from.
Looking for this to go private or bust. Be alert for SEC Form 15.
Anyone highly invested in this stock needs to spend a few bucks and visit the facility or what was once a facility. If your a few hundred buck trader you'll absorb your loss. If you have several thousand invested, I think you need to make a trip. Stand by for an eye opener. Opinion only.
To little to late. RUN!
New Castle facility is done. No one there and you can take that to the bank. If your still in this it's worth nothing. Hope you can use the write off.
Update vs PR: Longs should be in their glory. Updates are a heads up before the PR and true believers should be buying big time. This is HUGE. When the PR does get released with all the bells and whistles, KABOOM. Save on the PR expense for the big one. Bashers will try to suppress the sp but should not be able to stop the rise when finally it gets PR exposure.
Today is May 4th. To ENCC: May the fourth be with you.
When shareholders are denied a right to vote, that should be all you need to know about a company. Expect some new development to be announced replacing the N Assay to prolong any definable results. It's a pattern, nothing ever gets completed.
Another dog and pony show or maybe vacation. What have previous poster displays resulted in? 0
Here we are in the 2nd quarter and no news on a new facility being chosen. No assurance financing has been obtained. Only money being made is most likely on royalties being paid out on the flat pack. This isn't a start up, it never got started in over 10 years. Updates are all fluff. Throw enough s..t on the wall and hope something sticks. When this goes under it will go private and management will walk away with the patents. Can't believe the phone isn't ringing off the hook demanding more from this company. How many years have we heard, EPA, Navy, NASA, other government organizations, and secret company agreements. How's Saudi Arabia and Asia doing. New web site, could it be a bait and switch? It's way past time for this company to have proven itself. Only money being made are by those professed longs who trade on every update and then only to have the sp fall again. If this management team worked for a real company they would have been fired a long time ago.
Bottom fishing.
Turn out the lights, the party is over. They are going to try and produce unaudited financials. Some people just never get it.
Good luck. I think your going to need it. From the last 8K.
"Without an immediate infusion of capital, Axion will not be able to continue as a going concern and will not be able to continue its public company reporting requirements. Nonetheless, the Company will endeavor to issue an unaudited financial report by the end of April 2017."
AXPW king of the reverse split. Chinese proverb. Brown spot on the wall by who flung pooh.
Anyone know for sure? I want to buy but...
My scottrade account shows listed on the grey market exchange.