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correct; still have all my shares and laughing at the blip; it will be brief as the technology becomes known.
Parents
Great repost of our PR in the online Wall Street Journal
http://online.wsj.com/article/PR-CO-20101013-904874.html?mod=wsjcrmain
I agree; in this case PDE's link posted in his message is not suppose to be accessible to anyone; you have to register to see the comments on the website in response to the horrible article.
Parents - anyway I got to see the comments -- there were several excellent posters including PDE who wrote at length.
PDE and a number of investors made comments on the website and refuted the article. PDE posted the link but you got to register and leave your email address first and yahoo deleted PDE's post
Good post Foodsafetyman; thanks
Parents
Food.... the moderator reviews all posts and deletes all that violate the Terms of Use.
Parents
Thanks AKAPAK for your email; thanks Parents
AKAPAK...news is there is no shareholders' meeting this year because there is nothing to vote on and NNLX wants to save the expense; later I hope there will be a conference call re the progress of the company.
Parents
cashwealth...I believe that NNLX is in production to some extent, supplying TMC and Battelle,[as well as the reseach with EPA] but I do not know the extent of production or when NNLX will release numbers; I am expecting progress in these areas before year's end.
Parents
Agree; we seem to be in a quiet period or a lull; but when TMC makes its move...either by publication or an announcement, the rise should be sharply upwards.
Parents
PATENT FINALLY ISSUED AND APPROVED - ENJOY - click on the link
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=7781159.PN.&OS=PN/7781159&RS=PN/7781159
The Patent was filed in 2002 and FINALLY issued
Parents
PRESS RELEASE RE CRADA - Full Text Below:
Aug 23, 2010 09:30 ET
EPA and NanoLogix Enter Into Cooperative Research and Development Agreement for Rapid Water Quality Testing
HUBBARD, OH--(Marketwire - August 23, 2010) - NanoLogix, Inc. (PINKSHEETS: NNLX) The U.S. Environmental Protection Agency announced it has entered into a Cooperative Research and Development Agreement (CRADA) with NanoLogix. The Agency and NanoLogix will work to design a rapid diagnostic method to detect bacterial threats, including E.coli and Cryptosporidium in drinking and source water. Scientists from the EPA and NanoLogix will use the company's rapid detection technology as a foundation for the new process, with the goal of significantly reduced test times from those achievable with current tests.
"Working with the EPA on water quality testing is a significant milestone in our corporate development," said NanoLogix CEO Bret Barnhizer. "It's been a long process to achieve this multi-year CRADA and we are pleased to be able to collaborate with the EPA on improving the safety and quality of the U.S. national water supply."
More on the EPA's announcement of the CRADA with NanoLogix can be found at:
http://www.epa.gov/microbes/mceardnews.h...
About NanoLogix, Inc.
NanoLogix is a biotechnology company focused primarily on rapid diagnostics. Its products offer accelerated detection and identification of microorganisms. In addition to medical and homeland security applications, NanoLogix technology is applicable in pharmaceutical, industrial, veterinary and environmental testing.
Patents granted to NanoLogix can be used in the areas of applied microbiology, soil microbiology and bioremediation, microbial physiology, molecular biology, pharmacology, pharmaco-kinetics, and antibiotic sensitivity. For more information visit
www.nanologix.com
This 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.
Media Contact:
Lisa Ann Pinkerton
650-288-1824
Email Contact
Investor Contact:
Carol Surrena
NanoLogix, Inc.
330-534-0800
Email Contact
Repost from Yahoo by jasonadamas [here Hermit Crab]
"I have completed a pretty deep analysis of the patents and publications of NNLX. I am excited and impressed.
I come from a scientific background. I worked for Genetech back in the 1990's and was involved in the tPA project and also in their nano molecule skin absorption and assay development. At the time it was groundbreaking research in the field. During my undergrad years I worked in a plant virology lab engineering genetically resistant seeds to plant diseases. We used to isolate the disease in the petri dish and then take the live culture off with a q-tip and spread it around our greenhouse to watch what it did to the plants - the ones that survived where resistant. My old professor is now on the Scientific Advisory Panel for the EPA. The grad student I worked for was or is the Director, Environmental Risk Analysis Programs, USDA/APHIS at USDA. (Although, I have not talked to them for years and never about NNLX).
Why did I mention all this? Because I have read and understand the science behind this product. I am now a practicing physician and know how it can be used..."
Better buy it now before it is too late to get in on the ground floor..."
Reposted in part with spell check LOL
Parents
The purpose of the patent application is to ensure that no other company runs around or evades our patents to produce a similar product. Arnold & Porter are experts in this arena.
This is the article in case someone cannot open the link.Thanks lock... and leawood
Parents
Daily News Update
NanoLogix and UT Medical Center Shorten Wait Times for Group-B Streptococcus Tests
Posted on: August 17, 2010
Print ArticleEmail Article
ShareFacebook reddit Newsvine Del.icio.us Digg Yahoo! Buzz LinkedIn StumbleUpon Google Bookmarks Mixx NanoLogix Inc. offers its BNF technology in controlled testing at the University of Texas-Texas Medical Center in Houston for the bacteria Group B Streptococcus (GBS) in pregnant women. Early results show NanoLogix BNF technology detects GBS in roughly 2-6 hours, as opposed to traditional Petri culture methods, which can take 72 hours or longer. Texas Medical Center physicians see the high-speed diagnostic capabilities of the NanoLogix technology as a key to faster detection of GBS in late-term pregnancies and a reduction in the overuse of antibiotics as a precautionary measure.
Physicians and staff at the University of Texas-Texas Medical Center began experiment with obstetrics applications for NanoLogix BNF technology in September 2009. Medical Center personnel are undertaking work to determine the smallest amount of GBS identifiable and the shortest test time achievable through the use of NanoLogix BNF technology.
www.nanologix.com
Correct...I just read VIT's latest post and he truly does not understand nor did he address the specific issues raised by Sonof Parents...Sad, kind of pitiful...
The WST Journal is reliable...I personally would not be in any NYSE investment at this time. Of course, there may be some exceptions, just do not know what they are. Just my view.
Parents
As you can see - Son... - valueinvestor could not answer your question or any issues you raised in your posts. There are lots of rapid tests, but none can rapidly culture but NNLX' BNP, BNF, BNC. And, of course, cultures are essential for the antibiotic sensitivity tests that save lives.
For the life of the patents, I visualize a monopoly on each and every application of our technology. Diagnostic testing is only one application. There are numerous other applications. The potential market is vast.
Arnold & Porter have fashioned the patent applications so no other company can evade our patents with anything similar. Just my view...Now that valueinvestor has read the medical explanation and evidence presented by jasonadamas [here Hermit Crab], he knows the technology is revolutionary...I suspect, he is an investor to some degree..
My view...Parents
gobadgers....if the Texas Medical Center releases any data this year...via website or journal articles that are favorable for our technology, I expect an immediate rise in share price beyond any price we have known thus far.
pink sheet stocks are news driven and NNLX has been quiet for a while. So the daytraders become impatient and sell. That is why a long term perspective is essential; we acquired our shares at an average costs of nine cents and remember the days we thought 39 cents was a landmark price LOL. And the reverse is true - as soon as significant news is released NNLX can rise rather quickly; it can do that because you must remove the shares of long-term holders from the float - the long term holders do not sell many shares so the price can rise quickly on low volumes.
Parents
Food.... clearly "off Topic" posts and "personal insult" posts are not permitted by the moderator guidebook. There are also other categories forbidden, but these seem to be the most common and will be deleted as they appear. Notice some of truenorthzone's [a/k/a valueinvestor] posts are gone.
Parents
What an outstanding post; I have a sense our CRADA relates to that
testing potential; thanks, Parents
Mo - I am sure Bret will manage the company well; look at all the developments in the past 3 years....EPA- Batelle - a published paper verifying the technology, and the Texas Medical Center's research [most likely will lead to published articles introducing this technology to the medical community] plus demonstrations at major tech conventions plus connections and patents filed gobally plus Arnold & Porter retained as counsel plus a myriad of other developments.
Parents
Hermit....Just a suggestion: if you have a patient with a life or death issue, and you need speed desperately; you may want to do the traditional culture as backup and the BNP for speed. The BNP is orderable....just a thought
Parents
These are three categories of technologies listed below:...the hydrogen patents and techn are archived. I believe TMC is also working with the BNF, which detects viruses...not sure... but intense research is going on with all legs of these technologies. I believe you can order the BNP. See Product link on website.
From the website update:
"NanoLogix has filed and received medical device registration approval from the U.S. FDA for their BNPâ„¢ BNFâ„¢ and BNCâ„¢ test kits. Registration number: 3005553828."
dougwur...I apologize for ever replying to any of truenorth's posts here and I never will again.
"I'm sure the clean room wasn't paid for in cash."
You should not have stated this as a fact without a link.
Parents
Repost from yahoo on NNLX's financials:
"Bret initiated the practice of publishing the financials shortly after he took over. His decision to cease, as well as his being so hesitant to give frequent updates, was due neither to incompetence nor lack of respect for shareholders. The change happened shortly after Arnold & Porter were retained as attorneys, suggesting that they advised that at this critical time there was high risk in transparency. One risk was hostile takeover at an unfavorable price, but there are certainly others. Later, when some individuals started contacting prospective customers, the resolve to keep cards close to the vest seemed to even increase.
Bret has shown more management savvy than a lot of the more experienced CEOs out there. I can't say I don't have some angst as more weeks pass with no major updates, but I still believe it's a very intentional strategy and in the shareholders' interest. Bret, as the largest shareholder, has somewhere between 5 and 10 million dollars at stake."
Arnold & Porter is the 6th ranked law firm in the US [approx. ranking vary] and it devised the Shareholders Protection Plan which has been implemented. In the vortex of its maga-international practice, A&P assists small companies with a great deal of potential.
Parents
Right now I do not have the time to search the website but I believe my statement is a reasonable inference from the update regarding the large amt of funds raised; especially since the latest financials reflected only a note to the CEO; perhaps that is still in existence, but I doubt Bret will foreclose LOL...He may have decided not to repay himself back from those funds..I really do not know whether the note to Bret was repaid and do not believe that is important...Have a great day True??
Yes I would because of a website update confirming the same with a note regarding the large amount of private placement funds raised that will sustain the company for the next three years. That, I believe, is a good indication. What? truenorthzone, is that you? Folks, true always hypes about being a value investor LOL Perhaps he has arrived? BTW true...seems to have admitted that NNLX has a good product, but just crummy managers LOL. I am sure he never would have made that concession but for Hermit's posts [jasonadamas on yahoo]
Food...it is a zoo over there; however, lock...adds a lot of humor and his posts are a riot; they break the monotomy of the noise; when he and fredzz100, made fun of truenorth..., it was hilarious; they nailed his coffin with hilarious jabs. Gee, I wish I were gifted like that. Fredzz banters with true...on another board and knows all his techniques; nothing escapes fredzz...This has made true...a bit more subdued...at least for a while...Parents
Food...I just saw your post and I AGREE. Should the Texas Medical Center release its research findings this year, I expect double digit rise in pps.
Parents
You ask for the opinion of others so I will share mine: First, our company is NOT in the red; we have no debt but continue operations with Private Placement Investment funds. These investors receive discounted one year restricted shares. Even the latest outdated financials reflect a small debt to our CEO who is, in addition, our largest shareholder.
Second, the clean room was designed with cost efficiency in view and in Hubbard; this means that barn-like structure can produce in high volumes with a high percentage of profit. Genius to locate in Hubbard because what you are after is high profitability.
I believe there will be a GREAT share price spike once the Texas Medical Center publishes or releases results. My understanding is that its research is going well!! So I can agree with you on that score.
Hermit, I have received an email and feedback of gratitude for your taking the time to explain this technology to us. I really never understood why cultures were important or the antibiotic sensitivity/resistance part of treatment. It was a lot of work to detail this to investors. In fact I combined all your posts and initiated a thread on another board with all your posts in sequential order [I did spell check, but hope you do not get me for copyright infringement LOL; Bret has followed your posts and expressed his appreciation] Thanks a bunch...
Parents
I really agree Food... 3 dollars is far too cheap as a selling point...Especially, as our BNP, BNF, BNC technologies are likely to be adopted and used at the Texas Medical Center the gateway to US and global markets...Just my view and I am not giving investment advice...!! Blessings
Parents
Hermit; I understand that now - thanks to your posts; our lives could depend on this becoming mainstream; all I can say is that, apparently, the Texas Medical Center agrees and have been researching and testing the technology and also realize the importance of bringing this to market...It will not be long in my view...
Parents
Question for Hermit Crab: In your posts you have stressed the importance of live cultures in determining antibiotic sensitivity/resistance. Can this vary with individual patients as A and B both have strep but A 's bug is penicillin resistant and clindamycin sensitive but B has the opposite result.
Thanks...I asked the same question on yahoo.
Well beware Food...truenorthzone is at it again!! Mainly insulting or bragging...sad, sad, sad...However you can go back a page and get a jasonadamas post and click on "view messages" and get all he has posted in NNLX. WISHING YOU ALL THE BEST
Parents Some of his posts he has posted here...
I aggree Food and Square; I appreciate you alls' complements for Hermit...BTW he now posts on yahoo as jasonadamas and his posts are spectacular. Highly respected...Frankly, I understood for the first time the critical need for our technology to be quickly implemented by reading his posts...after all, he is a practicing physician who is now waiting days for culture results he needs quickly... Best to you Square and Food...
Parents
Hermit...this is a fabulous explanation for layfolks; I copied and pasted it on yahoo and it has been well received. Although we have several doctor-investors, none explained this as well so we could all comprehend the critical importance of speed in diagnosis and treatment - and NNLX's contribution to speed.
Parents
THREES and dougwur...I will recommend you both for the Swiss forum if still interested...doug...I found your previous posts and THREES...I have reposted so many of your posts on yahoo. Please email me at parentsgratae@yahoo.com so I can email you back the steps.
Another repost from the Motley Fool:[This was posted by The Big Lab who later, when I pointed out the style of the post was so identical to the Fool's style, The Big Lab replied with a wink...
The relates to a potential buyout later down the road. This is a repost from the I-Hub from a long time ago.
Hello Parents
The post was not on MSN, rather it was redirected from Fool.com I also don't bother posting much given the amount of time available for things like that.
Now, that estimate for ABT was given for a five year time frame. If we look at the way ABT grows and absorbs market share one can easily see why NNLX could land in the path of this giant. ABT can market and sell a new product with ease through the vast reaching channels they currently have in place. If NNLX gets a strong contract in place for its product and or experiences healthy organic sales growth, then product viability is proven and NNLX now becomes a proven investment opportunity.
As for, 'what would happen to current shareholders'? Well in my view they would already be well rewarded with the results of NNLXs attempts to gain market share. Since ABT will likely wait till the house is built before it tries to move in. And given the cash ABT has available and the requirement to put that cash to work for its shareholders. I think a double digit dollar offer from ABT for every one share of NNLX would not be out of the question. They would have to pay a nice premium to the long forward earnings potential of NNLX.
Important developments and changes are coming and or happening now at NNLX. ABT is a proven machine that just keeps going and going. But, from time to time it needs to refuel. Fuel of choice may very well be NNLX one day.