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Did you all notice that energyisking replied to the buy out rumor by posting nothing?...Is he hinting that he does not deny the rumor?? I am clueless, but as he stated in several posts, "stay tuned."
Parents
You should see how much fun the longs are having with the bashers on yahoo...hilarious!!!! I suspect doctors in the TMC are buying heavily...just my opinion.
When and only when the recipient sells does the long term cap gains tax kicks in; as long as the giftee holds the shares, no tax. We did not sell, but transferred because it is a gift that keeps on giving. When we transferred, the pps was approxx. 1 dollar, now 1.40+ or -. Therefore we wanted the giftee to decide their selling point.
Parents
Rookie...there are no tax consequences as long as you follow gift tax guidelines which as I understand, you may gift 13K to any individual [if married, a joint gift of 26K] So I made an appointment with our agent at a local ameritrade office; I instructed everyone to call in their account numbers and name on the account to our agent; one individual had to open an account and I took the name and number to the ameritrade office. So we made the transfers on Friday. We also changed our ID and password to be much more complex. Our agent stated he has seen clients with large rises but none so dramatic ...Friday we had a value of 1.3 million; today 1.5 million even after the dispersal. My spouse and I gifted shares so our base is now their base and our long-term holding is now their long-term holding so when a giftee sells, he reports long-term cap gains and a 9.2 cent base. Hope this clarifies...Oh the value of the gift is determined on the day the transfer is made. It is the price of the shares you transfer for the gift. Oh husbands and wives can transfer unlimited shares to each other without violating gift laws.
Thank you - I find your posts are always incredible.
Our group holds 5% [I held 1.357million - now less 45K I distributed to family, dear friends] Another investor in our group holds almost 1.6 million; another 1.35 million; balance over 1.5 million and to my knowledge NONE are selling. If any entity is accumulating, it will pay dearly for our shares....
I like the word "volcanic" which I believe describes the next move forward.
I believe NNLX has put its resources in building the production facilities. Afterwards, they will catch up on financials. Bret has released more financials than prior management which I believe issued none. jmho
Parents
You are safe in your low overhead projection. Bret advised investors he was building an energy efficiency clean room that would require little energy or maintenance. Once the technology becomes widely known, it will be the standard of care everywhere. Far more than 11percent of market share will be ours [assuming BOD does not agree to a buyout].
No Bret did not give me specific projections and yahoo's posts have greater calculations so I have been corrected; apology to all
Parents
MIKE22CA...Only the dear Lord knows the future with precision, but I believe the clean room is 99percent complete and is on the verge of entering into the testing phase which I do not know how long that will take. Bret built 2 clean rooms enough to service the USA...when at full capacity, can produce with little overhead 100,000 or so units per day with 56 stations operational.
Bret has a bright vision for NNLX's future and I share that vision. But as for specific timing, I cannot forecast and as to specific pps, I believe that at full capacity, NNLX will be well above 50 dollars per share...JMHOPINION
Parents
Livingstone...my email is parentsgratae@yahoo.com
Looking forward to hearing from you...blessings to you also.
On occassion, I will post on yahoo but rarely these days; I hope all the bashers sell so that they will not realize the great gains of this company....JMHOpinion
Parents...
Agree....I project that pps by the end of Spring and 20 dollars ps by the end of the year JMHOpinion
Parents
On the Website
http://nanologix.com/
Nanologix exhibited at the 8th ASM (American Society of Microbiologists) Biodefense and Emerging Diseases Research Meeting held in Baltimore between Feb. 21 and 24. There was strong interest in Nanologix BNP™ and BNF™ rapid detection technologies from U.S. and international government agencies, non-governmental organizations (NGO), corporate representatives, medical personnel, and academia.
The annual ASM Biodefense meeting is aimed at educating scientists, physicians, public health researchers and policy makers about the latest developments in biodefense, specifically the challenges of ever faster response to the growing threat of bioterrorism. Nanologix was represented by CEO Bret Barnhizer, R&D VP Sergey Gazenko, and board director John Chatterton. They met with representatives from a broad spectrum of government, academic and commercial institutions from the U.S., Europe, former Eastern Bloc countries, Middle Eastern, African and Asian countries.
NNLX anticipates that its rapid detection technology will be included as a new approach to biodefense in presentations by third parties to NATO in April 2010.
CEO Bret Barnhizer stated that “We were very pleased with the reception and interest we received at the ASM Biodefense exhibition. With more than 50 exhibitors and over one-thousand attendees, we believe that this was a very important meeting for our company.”
If you sign up for google alerts for NNLX, you get alerted each day. Here is another:
http://www.hotstockmarket.com/forums/showthread.php?p=2373351
Zohan....I am not a paying member here so I will reply publically; I believe the cleanroom's completion is very, very near...several weeks; afterwards testing of the room and product production...Management has not advised me of this, but I correspond with investors whose friends are Private Placement investors with restricted shares... I do not believe this represents inside information, but a reasonable opinion or deduction from available information...Your time-frame for picking up those shares is short... JMHOpinion
gobadger...Bret did under promise...he has worked into that building 56 workstations, not the promised 30...the cleanroom was redesigned for the additional stations and obviously, that took a lot more time....
This was posted on yahoo and I spoke with management and the information was confirmed....NNLX must expect hugh expansion...
Parents
gobadgers...I do not believe Bret will make any future announcements of projected timetables but will announce events after the fact....so I have great expectations...be a little more patient....Parents ASM meeting is right around the corner...wonderful things will be forthcoming in my opinion
Just checked my ameritrade account....all 1.357 million are there with over 1/2 million gain above my investment. This will be a happy trading year...YES Parents
You know nothing for certain; I am not lying; I have not sold a single share....tell me, how do you know that I have sold "for certain"? I still hold 1.357 million shares. Am I the victim of identity theft? Have you stolen shares from my account...am also an attorney so I certainly hope you have not messed with my account. Also when I do sell, I will do it in such a manner that there is no impact on pps....to protect my other shares....You have little sense! JMOpinion Parents
Everything will change in the 2010 elections and none of this crap will materialize; you will see. Stop trying to inject fear on this board without specific citations; post the proposed bill numbers and specific data. Obama's policies are disliked now by a majority of Americans ...things are going to change; the direction of the country is changing as we speak...so where is the health bill....? Dead, dead and buried...And it would be illegal for the government to directly confiscate funds. Tax yes, but not confiscation...That would requires new laws and Congress will not enact such trash. And oh yes, you were wrong when you stated I was selling shares. You were WRONG.
What presumption to believe I am liquidating; have not sold a single share and do not intend to until NNLX hits five dollars per share; then only small amounts.
Parents...and none in our group are selling either; that is why vols are low.
Update on Nanologix website:
Items of Interest:
NanoLogix Expands Geographic Areas of Interest
January 31, 2010:
CEO Bret Barnhizer and Director John Chatterton have just returned from a week-long trip to the Middle Eastern countries of Kuwait and the UAE. In Kuwait they were hosted as guests of Dr. Eyad Al Saleh, CEO of the Advanced Medical German Company (AMGKWT), an operator of medical laboratories in the country. While in Kuwait, Barnhizer and Chatterton met with senior Kuwait Health Ministry officials, including Dr. Ibrahim A. Alabdelhadi, Health Ministry Undersecretary and acting Minister of Health and discussed the potential advantages of NanoLogix’s BNP™ technology for the region. The Minister stated his opinion that NanoLogix should pursue bringing the BNP technology to Kuwait as soon as possible.
During their visit they toured the Royale Hayat Hospital and five laboratories owned and operated by AMGKWT. Following their Kuwait visit they traveled to Dubai, United Arab Emirates, where they attended Arab Health 2010 at the Dubai International Exhibition Center, again at the invitation of AMGKWT. The overall purpose of the trip was to assess the market potential for BNP and other NanoLogix products in the Middle East region, with the initial distribution focus to be on the Gulf Cooperation Council (GCC) states
Thanks lockshed...now I remember; just puzzled why the poster askked me re him? Well maybe he just wanted an update; thanks
What? I do not recognize that poster [ID HP 164]. The poster that tried to manipulate me to post on an alleged NNLX competitor [that was not a competitor] was = bd454_70. So who is HP? Did you mean bd...? I would like to know more about bd...because I always believed this was Felder or agent that attempted a coup to manipulate me. That is my theory but if you know differently please advise. Thanks Parents
On occasion yahoo MB has a wonderful post. This is by traceman59 who personally visited the company. Bret welcomed him greatly and this is his account: BTW I do not have any knowledge that traceman is a large investor but Bret does not regard one investor over another if he/she is a sincere inquirer and has a long term perspective. Here is his account...traceman has been posting a long time.
"Folks, an update from my visit with NNLX.
1st of all, Bret call me Thursday afternoon on my cell phone as I was driving on I80. We talked for about 30 minutes and he asked me what my ETA was. At that point he offered to meet for dinner Thursday night. We talked for a while and then he offered to show me the clean room. Talk about a home run! So, I got the visit done last night and started heading home this morning instead of tonight.
Bret has a strong, confident approach to everything he does. We talked a lot about his background and how he got involved with NNLX. He honestly cares about people, especially the local people, and wants to get the operation going so local people are employed, etc. After spending some time with him, I am very confident that he is the right man for this job at the right time. He decided on his approach to limit expenses associated with the clean room/manufacturing build and he is sticking with it. He does not want to dilute our shares if at all possible.
The clean room looks great and is on the last phases of construction. The building is very deceptive when viewed from the street, however there is plenty of room for the operation. As some of you know, special construction is required for the clean room operation. As an example, the outside walls are 8" construction plus a couple inches of metal support - so about 12' and filled with multiple types of insulation. Bret commented that he is building with the goal to keep operational expenses low by insulating, etc. so the clean room environment will be cost effective to run. I don't intend to get technical here, I just want to say that this is a very professional looking piece of work and it was obvious that it has been well managed. Bret discussed a couple of the delays he experienced;, the lead contractor experiencing a medical problem and the power feed from the street to the building. He was especially upset about the power delay because it cost $$$ to execute. 3 new lines had to be run and buried underground and this was completed this week. Bret will not comment or set an expectation as to when the room will be done. Based on what I saw, IMHO we are within a month or so - but don't hold me to this!! Said another way, I think that without the delays this thing would have been done a month ago.
All I can say is that I am impressed. I didn't hear anything different than anyone else has heard. I will say that Petro is right on the money with his assumptions so folks should continue to listen to him. I am not trying to embarrass you Petro, this is just fact! ;>)
I accomplished my mission to meet with Bret and see the clean room progress. This has really helped my confidence level with this company. Folks, 2010 should be quite a year!! Good luck to all.
I am heading out to dinner and will be on the road to home again tomorrow. I will try to check in later if anyone wants to throw anything at me."
THREES...I have conferred with Bret B. and progress is ongoing and production will begin ASAP....Look forward to an awesome year....Parents
"earnings ceiling" not "earnings sealing" Can't believe I made that mistake. Sorry
Do not believe that will happen because Congress lifted the earnings sealing for Roth IRA. Why? So that members of Congress could take advantage of the last tax shelter left and set up their own Roth...Also if modified it would be prospective only. JMHO Parents
Happy and Blessed New Year to all. Just for clarification....at any time we could sell in our ROTH IRA, but not withdraw the funds for 4 more years, but why? We are like parents who want to see the kids grow up and reach their destiny, their full development, so we do not want to sell for a long time-frame....Blessings to all
Answer to all: In 2008, we transferred 355K shares from a traditional IRA to a Roth IRA, and we paid taxes on the value of the transfer. We transferred at 8 cents a share so our tax liability was modest. It was the best financial decision we have ever made. And we will not sell for another 4 years. The waiting period is 5 years with an age requirement of 59 1/2years as I understand.
Now to the poster who graciously offered to purchase some of our shares. You would not want them unless you expected to profit from our shares. Well, we will profit instead of you with our remaining 1 million 2 thousand shares. NNLX is in the beginning phase of development, and we will let our stock value rise with the rise of the company. So our shares are not for sale for a long, long time-frame. BTW our investment group [composed of friends and relatives] hold about 4 percent of the company and none are selling!! Unlike most pink sheet companies, the float is tightly held. Sixty six percent of outstanding shares actually voted to support management. Consider in most corporate proxy voting, what percent of outstanding shares are actually voted? Ten percent? But in our vote, 66 percent actually voted showing the amazing strength of the company and the confidence in the integrity of management shareholders have. Few companies across the board have this level of strength
In addition, investors on yahoo are transferring into a Roth IRA today and are dropping the price to avoid taxes...When transferring thousands of shares, even a few pennies helps...Not us...we transferred into a Roth a year ago at 8 cents a share.
Amazingly low vols.; price seems to be extremely stable.
Thanks I did not realize that, but that makes sense; impossible to keep the entire planet current.
cashwealth...just found NNLX by Google Earth...could see the flag pole and antique gas pump. It is a little difficult to find because NNLX seems to be recessed in the back between Hubbard Trading Post and the Diner. So we used camera 834 and 826 to locate the building. We were not successful with any other camera. Hope you can find it. When I said "we" really I should have just said my spouse, because I am not skilled with maps or directions. However, from these cameras we could see the doorway, sign, flag pole, gas pump, and building.
THREES....GREAT POST and I will repost this message on yahoo also.
Parents
Thanks NEOhioinvestor....we will search it out and Merry Christmas to you.
There is an additional link on the website "Nanologix Christmas Tree" that was recently added; check it out!
A Special Christmas greeting from NNLX to shareholders:
CHECK out the home page...On the right side there is a link, Happy Holidays from Nanologix Staff. Blow up the picture and view the background boxes....Great stuff there.
Parents
http://nanologix.com/