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Doesn't matter at all.
If they earned $10 million per month, they'd be forced to register with the SEC and report. In that case, we wouldn't be having this conversation.
Lol.
The "whole thing" is up for sale right now and currently selling for $0.05 a share. What exactly do you think the stock market is, genius? Smh.
10 years from now, nanologix won't even exist.
"What amount would be significant? 50000 Euros was mentioned. would it take a million for you to consider it to be significant? I've found no mention of a partnership in anything NanoLogix has mentioned in referencing doing N-Assay customisation for an uber-large client."
You realize that the company spends $1,000,000+ per year in expenses? Maybe you don't.
"A commercial for your Wendy's Hamburgers chain does not make that an old "American Saying"."
You must be much younger than I initially thought. The Wendy's commercial slogan was derived from the week known American adage. Smh.
Everytime you're dealing with non-professional investors, they are always reaching to create reason why their stock isn't performing as they expected. Market maker manipulation is the number one excuse they use to compensate for the fact that they have no idea what they're doing. I see it everyday and it never ceases to amuse me.
I have yet to be on a stock message board of any company in which someone DIDN'T say "I know a guy that works for so and so that told me xyz Corp has a contract with blah blah blah". In 100% of the cases, it's all bs. Stock price is $0.05. Put lipstick on the pig and send her on her way.
Exactly.
You're the one that brought it up. Lol
Cool story bro.
Cheated? I've never lost a dime by investing in nanologix. You're ill informed.
I have many years before you were here :).
Little to no revenue. The stock price is a reflection of that fact.
They pay for everyone because they receive funding from the government. You don't know what you're talking about.
I honestly haven't paid attention to anything you've said, to be frank.
Tens of thousands....lol. Guess how much tens of thousands is worth after being divided by tens of millions? You just can't comprehend basic math, can you?
The question was clearly stated on both occasions. Anyone that knows the definition of cash flow and understands that no cash flow is synonymous with no revenue will understand. I believe most people invested in nanologix doesn't understand several basic accounting terms. They have a tendency of creating their own, here.
Satisfy the question or don't. My financial offer still stands to anyone. $1,000 in an escrow account if the company actually does sell their patents for $35 million within the next two years. If they don't, your $1,000 placed in the same escrow account is mine.
No cash flow and no revenue are the same question. You can't have cash flow with no revenue. Give it a think. Drugmanrx did not satisfy the request either. He provided an example of a company with no revenue that entered into a strategic partnership, not sold their patents.
I did ask the question that way initially.
So every drug maker example you provided is from multi-billion dollar companies. That doesn't fit the requirements of my initial question which was: show me an example where a company with NO REVENUE sold a patent for a large sum such as nanologix is trying to sell.
Bob, Battelle works with EVERYONE. They are a non-profit organization that receives funding from the government. The more companies they work with, the more money the government provides them. It's no surprise that they worked with Nanologix.
You can have the best product in the world but if you can't sell it, it's useless. Example: before it was Microsoft Word, it was a program a little company owned and couldn't sell.
Give an example of a company.
I guarantee you that exactly what this is.
Common sense by observing past occurrences. Every time the company believed a sale was significant, they released PR. When they don't release a PR regarding a significant sale, they clam up. This is a highly predictable business.
Absolutely not. I know of no business that manufactures a high valuation of a patent that created no cash flow and was successful at selling it.
Patents are valued based on cash flows they've produced as a result of the patents. The valuation for patents has always been the same. Nanologix has not created $35 million in revenue from these patents so the valuation is a joke and you have purchased the kool-aid once again. Stock price hasn't moved. Gee, wonder why?
It's simple, I'm willing to put up $1,000 in an escrow account against anyone who believes they'll sell these patents for $35 million within the next 5 years. Put your money where your mouth is. :)
I find it interesting that those kind of announcements producing no follow through has been the norm for many years. It makes me think it's a pump and dump. I don't know what else you could call it. When you consistently make announcements that never come to fruition, there's no other way to describe it.
We plan to sell 7,000 test kits per week....they didn't.
We plan to generate $900,000 in revenue this year from the alliance....they didn't.
We're in negations to purchase our facility....they didn't.
We plan to hire 20 additional employees this summer....they didn't.
We plan to revamp the website...they didn't.
We plan to hold a conference call....they didn't.
If you wrote down everything they accomplished and didn't accomplish, you'd be amazed. There isn't an intelligent person invested in this company. Period.
I can sum DIGX up within two seconds of looking at their financial statement. One of their largest liabilities is loans on "credit cards". That means they aren't viable enough to receive lender financing because they're paying 15% - 21% in interest. That's bad business. Have no interest in a company like that, regardless of how bright they believe their future is.
I welcome all the algorithm platforms. They produce many price discrepancies that can be taken advantage of. I wish there were more of them. Any system that diverts from common financial logic is an advantage to someone that can perform basic math and utilize common sense, in my book.
Fair enough.
Warren Buffett earned his first $100 million investing exclusively in OTC companies. Somehow, he didn't get your memo.
SunEdison wasn't a scam nor were they an OTC company until they were delisted (as all companies are that enter bankruptcy). They were nothing more than a poorly ran business, which isn't illegal.
The majority of my investments are in OTC companies. I have no problem finding their financial reports. I don't deal with caveat emptor's. Seth Klarman manages $30 billion in AUM. He still invests primarily in OTC companies. Somebody gave you misleading information about what is investable and what is not.
Indeed. It's a terrible business for those that don't like to read (8+ hours per day). And for the record, watching a candle stick chart move on a computer screen doesn't constitute reading.
It's quite interesting to me that a recent study was conducted of the world markets by a financial organization in England (name escapes me right now but I read and own a copy of the report). It found that 81% of all traders consistently lose money and that 60% of all are broke after two years. I was not surprised the least bit from what I've witnessed through the years.
This business isn't suppose to be easy. If you feel it's easy, you're doing it wrong.
Anything more than 10 is too many if your goal is to know everything about the business you are invested in. I have a hard enough time keeping up with the 8 I have. Diversity shouldn't be used as an excuse for not doing homework. It's impossible for anyone to read and understand a 175 page 10-k report on 60 different occasions, much less all the other filings one should be reading on a daily basis regarding each business.
I usually never invest in anything unless the result is imminent.