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I am posting two guns or gunluver's post on Investor Village: a great post:
Re: audit is complete so when do we head off the PK
I have a few thoughts I will share W.G.
First I have no idea about the status of the final audit.
About the patents I do have a few comments. It is to the companies advantage to draw out the "Patent Pending" process for as long as possible. Current USA patent law grants a patent to the "inventor" who can prove that he conceived the idea first. Some of the foreign patent offices grant the patent to the first inventor who files. Since NNLX is a U.S. company they would probably follow U.S. patent laws. The United States has another little twist in its' patent laws that other countries may not have--- the "Provisional Patent" (PP). Under the rules of the PP the inventor can file a PP. The fee for this is only $75 or so. Under the PP the Patent Pending warning can be used on the concept of the invention for one year. Within a year of the PP filing date a regular patent must be applied for. Additional claims can be added to the regular patent filing at that time. Usually after a U.S. Patent is filed the inventor has to file foreign patent applications within one year of the regular U.S. patent filing date and before the publication of the issued U.S. patent. There are several categories of patents that can be applied for: Mechanical devices, designs, plant and biological procedures are some of them. Some of the NNLX patents may be covered in different areas.
Since a lot of the Patents that NNLX has filed are currently in research and development they would probably want to delay filing for regular patents as long as possible. After issue most U.S. Patents offer the inventor protection for 17 years. Patent Pending status DOES NOT protect the concept of an invention!!! If someone infringes on a concept during the Patent Pending period the holder of the Patent Pending cannot sue for damages or stop production. However after a Patent is issued that idea is protected for 17 (?) years . THERE IS A ONE YEAR PERIOD AFTER THE ISSUANCE OF A US PATENT FOR OBJECTIONS TO BE FILED BY OTHER INVENTORS. It usually takes the U.S. patent office at least one year after a filing to issue a patent and often times that period can be a year or two longer. The inventor can extend this period also by adding additional claims etc. Since a lot of the procedures that NNLX is working on have not been commercialized it would be to their advantage to delay the issuance of these patents as long as possible. Remember under current U.S. law it is the inventor who can prove the date of conception rather than the first to file who will be awarded the patent!! However that law may be changed. A lot of competitors in other countries are putting pressure on certain of OUR politicians to change this.Unbelievably some of OUR politicians our supporting this too! I may be wrong on some of these points and if I am I would appreciate anyone correcting me.
Grants? I would expect that NNLX will be applying and recieving some of them. The DOD has a vested interest in technology that can be used to detect biological agents and a few million$ to develop the NNLX procedures would not surprise me at all. If the US Government really needs a technology they can "Fast Track" the U.S. patenting process. So instead of a patent taking two or three years to be issued the time can be shortened considerably.
Partnerships: Very possible IMHO. Mr. Barnhizer has the connections, I think, to find some very beneficial partners if NNLX needs them. It is a lot better to partner up with a large company than it is to try and compete with them.
Full listing and moving off the Pink Sheets? That will probably happen within a year. There are some additional administrative expenses that will be incurred to meet more stringent reulations on larger exchanges and since revenues are not very large right now staying on the Pink Sheets for a few more months is probably a wise decision by management. With an honest management team in place this does not concern me at this time.
I am in NNLX for the long term. By long term I mean at least two more years. If we are still on the Pink Sheets at the end of 2008 and the share price has not risen over a dollar I will start cashing out in 2009. Until then I am just waiting for the train to leave the station.
Good luck to everyone,
Dennis
klip - how do you compare the two methods - NNLX and the one described in your post; thanks.
Investors - as much as I enjoy posting my pert opinions, I must take a posting break for a relocation move. Changing cities is an ordeal but we really like our new location...so I will be checking the posting but not adding to comments made. Blessings as we approach this holiday season.
Excellent Press Release!eom
ted...are you in again for the next run ?eom
Thanks new83; I always enjoy your posts especially the "cheers" ending; all of us need encouraging; however, I believe NNLX will outperform your projection because it is a dual energy and medical biotech stock; a most unique combination and either side or both together could break away to the upside. Anyway, thanks for the projections and cheers to you also.
Parents
nmbr1....now I get it; yes it appears that it is the document of Felder selling which has been posted previously; the reason why I believe this is the case is the listed address of Nanologix...THE FILING GAVE THE ADDRESS IN PENN., BUT NOW NNLX IS LOCATED IN OHIO ...this filing was done prior to the relocation of the corporate address so perhaps this is the previously discussed SEC filing of Felder selling...jmvvery humble opinion. Also no need to take a vacation from posting; anything in code regarding NNLX is of concern to all shareholders; thanks for bringing it to our attention.
This may be the paper filing of Felder selling; I just cannot see the words to be sure. And my time is now crowded and I will not have time to request from the SEC; SWAN65 did request the last paper filing; perhaps he can tell us if this is the same.
Actually what I forgot to mention is that it is a paper filing and you must make a request to decipher the code. Except I have a relative who seems able to get paper filings; I will need to ask my relative. Since there has been no PR perhaps it relates to former investors.
nmbr1 what is the filing? Remember there is the old management team and the filing could relate to them; I really do not know because it looks like code on my computer. Certainly it is not fraud; Bret B is an honorable CEO...tell us what you can make of it from your computer???
I cannot tell whether we have discussed it or not; I suggest that you make an SEC request and they will send it to you. The link for SEC requests have been posted. Keep us informed when you get the filing. Thanks
The board has known for some time that Marathon Capital has invested in NNLX and NNLX is ITS only pink stock; so a check every 3 months or so of its SEC filings shows the change in Marathon's investment.
Yes I just found that information - Marathon has increased its NNLX holdings to 2.49 Million; nice
About 4,200 plus hits combining the two NNLX youtube videos..see link below..Still the numbers are increasing.
Your post reflects my general understanding so I am not sure how I can update ...thanks for the summary...I believe Bret will be successful in each project so I am not too concerned with the day to day pps variances because ultimately the success of the projects will rule the day.
Nanologix has posted on its website the Hartman's powerpoint presentation from the EBW Exposition/Conference. The video clips will likely follow.
Follow the instructions in the NNLX link below and view Hartman's powerpoint illustrations and diagrams used with his presentation in the recent Energy from Biomass and Waste Exposition.
http://www.nanologixinc.com/powerpointpresentation_page.htm
For my computer the powerpoint sequence was not automatic; I had to press an arrow figure at the bottom left side of the screen to view the next diagram or powerpoint.
About 3,700 hits combining the two NNLX youtube videos..see link below..
I have requested that a video of the presentation be made available on the NNLX website.
From the NNLX website: home page News:
Recent.Highlights
Monday, October 8: NanoLogix is currently in the process of posting completed financials. Financial statements covering 2003 through 2006 will be published on our website this week. We anticipate 2007 quarterlies through 3rd quarter to be posted the following week
This is great news; just a little more time and we will see through 2006 and then, at last, 2007 - then we can see the changes made under the new management. Apparently - the NNLX managers are waiting for third quarter figures to be available before posting 2007 financials. This is what I assume. JMOpinion but now we KNOW Bret B. does keep his committments to shareholders and consistenly watchguards our concerns.
Humm...your precious baby does not care about your needs! That condition may extend for the next 20 years but you will still love her. Congratulations!!
There is no need to have any care regarding this; we were all just speculating; for a reverse split to catapult us to the NAZ we would need a solid revenue stream and a much higher valuation...ie..3-4 dollars a share. The essential problem with a reverse split is that the split must be announced ahead of the split date in a timely fashion, and because it is so unpopular, everyone sells to avoid the impact ot the split. I would like to hear if ever a reverse split has been effective and if if ever a massive sell off did not take place. Thanks for comments.
Agree and thanks
There should not be a concern here because the possibility would not ocurr until NNLX is trading much higher and is more established as a reporting company; nothing of concern for this year in my view; also Bret B. would not do this without shareholder support and an essential corporate purpose in my opinion. I personally do not favor a reverse stock split in the foreseeable future; I believe we were all just musing as to possibilities; it is not on the table at all.
Thanks for the comments; just speculation while waiting; good night at last
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This is an interesting concept; What is the strategy? Would the pps need to stabilize re 3 dollars pps?; then a reverse spllit to the NAZ? I would not object if I knew a reverse split would catapult us to the NAZ. Comments anyone?
One poster suggested it would be wiser to wait until this quarter's figures are complete; the quarter ended September30; I do not know if Bret will follow this suggestion but if he does, it gives an advantage because the figures will show 2 quarters in which the new managers directed the company and would be a better comparison of figures from the old regime. We all know Bret reads this MB and is always responsive to shareholders' concerns.
Yes I noted that the bid is at .145 while the ask is now .16; do you have an explanation for that? Perhaps traders like tedturner...are hoping for a retracement so they can get back in the race and they are bidding at .145?
Another note; the UTUBE video has almost 3K hits between the two videos posted.
LOL good for you! eom...now you are ahead!
numb1...did you get your oder filled at 16? Vol. remain strong!
AMEN volumes have been consistenly much higher than I have ever seen before; I have seen vol. spikes but this is a new trend of consistenly higher volumes.
trading lately has been to go higher at days' end. A good technical indicator Volumes have also sharply increased; today over 500K....over double our average volume of 232K.
A finish at 14 with 456,700 shares traded!eom
This is an amazing discovery. What company will market the batteries? Thanks
slim, as you know, EIK reads this MB so your request has been heard; have a great day--back up to .165 What a reversal!
I am sure it is positive from perspective of today's trading and I did request the company make Hartman's presentation available in video format on the website.
That is my understanding but I know they have an excellent patent attorney who will make sure the process is protected and no other company has taken this novel approach.
Has anyone noticed how great NNLX is trading today? We are going higher!
I did not make that promise, Bret B. did in the last PR:
NanoLogix also announces completion of the financial audit begun in June. CEO Bret Barnhizer stated: "We are pleased that the financial audit is completed and hope to post the audit results within the next two weeks
No diamonds but a BEFORE and AFTER Bret Barnhizer & Dana Allen took charge [BB and AB]. "The documents speak for themselves" is a favorite lawyer saying. In my view the documents will be SHOUTING with the difference in the way NNLX was managed under Felder and under the new managers. Just my opinion always; but folks really, look at those documents BB. I have not seen the financials and know nothing of the specifics but I will try to answer that question regarding the differences in the two management teams when the financials are released. Bret promised us audited financials and I have been telling this board over and over, Bret does keep his promises and his word. This is not cheerleading; it is simply the truth.
Thanks I will check this out Parents eom