Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What is SI? I have posted the I-Hub webaddress on RB - well you cannot post a link...but I did it in words and no one has posted on RB for months...that board is so limited in length of message and it forbids any links - it is outrageous
The significance of the Welch facility is the "Proof of Concept" ...that hydrogen and electricity from hydrogen can be produced from waste water using microbes as the engine of the process...The research facility is small and I doubt that feeding into a grid would affect Welch's electrical costs UNTIL: THE facility is upgraded and R&D is complete. Now that will occur within a reasonable time either at Welch or at Erie by Spring of 08....just my view
This seems to be the most reasonable construction of the reporting form...but oddly enough, when he entered the sale dates, he did not put the year..as 4/04 but no year??thanks
Actually this is what was odd...the form said [in caps]:
TABLE II-SECURITIES SOLD DURING THE PAST 3 MONTHS
now by the word "months" it appears Felder put a colon and wrote in his writing NONE. However the Table II had boxes below where you describe last 3 month transactions and Felder made 6 entries with months as 3/20 4/04 etc in the next column he specified number of shares and in the last column the specific sales proceeds....the total exceeded 440,000 shares.
Also you are right ted...Felder had no legal obligation to file this form because NNLX is not reporting in my view.
I forgot to give one item in my prior post..apparently from what I read Felder has 4 million more shares...and I do not know if those shares are restricted...now the writing on the form is difficult to discern so I think the heading said "beneficial equity total"..not sure...that is why I encourage everyone to request this filing directly from the SEC I am not sure about some of this...
Ted...I do not believe this was prepared by a broker..too unpolished for a professional...all handwritten..
POST 3079 CONTAINS FELDER'S SEC Insider Sale filing for those who have not followed todays postingsd [relevant data not a PDF of the filing]
Clueless except their quarterly report was the best in its history and an indicator of greater revenue for NNLX --- NNLX gets six percent of gross revenue from all sales related to NNLX's patents licensed to NutraPharma..
JT - YOU ARE a Moderator of 40 BOARDS ON THE I-HUB; MY it is a honor to have you here....I see a lot of changes have been made in the informational part of the board I need to reread everything; anyway welcome here JT.
That is the goal - to get a commercial size bioreactor by Spring of 08 because NNLX has made such advances in the technology especially with the photobacteria discovery...this is my understanding and NNLX will apply for grants, will strategic partner, will utilize all funding opportunities...and remember NNLX receives 6% of the gross revenue NutraPharma receives from all testing kits and patents licensed by NNLX; so NutraPharma's great quarterly report is also an indicator of greater revenue for NNLX.
Tell us more JT...how did you discover this stock and what is your view?
Hum...this is not a commerical size bioreactor but a tiny prototype for research...it only processes re 250 gallons per xamt of time..."do not slight the day of small beginnings"; much greater things are on the way...
what does that mean???
CORRECTION: THIS IS THE CORRECT UTUBE LINK:
An update video now on UTUBE...showing a generator has now been attach to the Welch bioreactor...the first part of the video we have seen before but the last shows the addition of a generator to Welch...This is small beginnings but an historical event..never before has this happened... so was the light bulb when first invented...yet that invention changed the planet...
I can unlock PDF but cannot send PDF because we do not have the software...
Because of the difficulty of scanning a graphic document and changing it to a format that can be posted, I am viewing Felder's filing and this is the relevant data as best as I can read it:
FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
COMPANY: NanoLogix, Inc [plus data regarding address]
SELLER: Mitchell S. Felder
RELATIONSHIP TO ISSUER: CEO [my comment:FELDER is NOT CEO and this is a misrepresentation on an SEC document At the time of filing he is on the Board of Directors; HOWEVER, he may have put CEO relating to the time he acquired the securities, I am not sure regarding the filing requirement..it seems to be misrepresentation but do not know for sure ]
CLASS OF SECURITIE TO BE SOLD: Common
NUMBER OF SHARES TO BE SOLD: 600,000
AGGREGATE MARKET VALUE: $53,800
NUMBER OF SHARES OUTSTANDING: 61,586,000
[INVESTORS - FELDER GAVE THE TOTAL SHARE NUMBER as 61plus million, but pinksheets gives the total share number as of May 07 as over 71 Million: See the link below
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=NNLX#
DATE YOU ACQUIRED: 2/10/05
NATURE OF ACQUISITION TRANSACTION: Compensation
TABLE II SECURITIES SOLD DURING THE PAST 3 MONTHS: None
[however in the table requiring a list of shares sold within the past 3 months it appears that Felder sold an additional 440,000 plus shares..There were 6 entries. I cannot interpret this because the table conflicts with Felder's statement that he sold none...so you all get the filing and decide for yourselves.]
DATE OF NOTICE: 06/08/07
SIGNATURE Mitchell S. Felder. MD.
DISCLAIMER: SOME OF THE GRAPHICS ARE HARD TO READ BEING VERY TINY SO MY POST IS THE BEST OF MY UNDERSTANDING AND I ENCOURAGE ALL TO GET THE FILING FOR YOURSELVES.
Looking at the comparison figures, there has been an increase...net income from continuing operations now over a million; I am not skilled in finance but it does not appear like borrowing is in the picture...?? And this quarter looks a lot better than previous ones..
This is incredibly great news; THANKS Swan
Felder filed to sell 600,000; the decline in pps is a combination between him and his friends [Goulding, Altouz, the Nutmeg Group and affiliates] and perhaps small investors have been scared out of their shares but in no way has there been any action, decision or PR by the new management cited by anyone that would attribute to the decline...they are marching forward with the technology and marketing...just my view...Felder is in delusional denial if he believes investors have lost confidence in Barnhizer...when in fact it is Felder & company that are causing the pps decline. Again my view - my previous post gave a link where anyone can request the filing..
How to obtain an SEC filing...in this case you must request it as explained in the link below which gives you everything you need to know...it is amazing how the internet brings such information into your computer...this was given me by another investor, not an insider....Click on the link --it is there
and everyone on this board can have your own copy of Felder'SEC insider sale filing. Babaloo will you make the request?
http://www.sec.gov/answers/publicdocs.htm
slimhere....will do but wait a bit...am enbroiled in home repairs AND tax filings..what a combination...will try to scan and post by Monday...ok; thanks and I will have the Felder's SEC insider sale filing to scan and post...Folks the drama is really here...as energyisking would say "stayed tuned" lol
Also, tedturnernot also obtained that shareholder meeting notice and as I recalled heavily protested it as I did...I did not mean to convey the impression I was the only protestor; there was a STORM..now only 2 actually received the shareholder meeting notice from the company and I faxed mine to Bret Barnhizer who played a decisive role in getting that meeting changed to informational only...Others got the notice by calling the company and demanding notice when the word got out...and guess what..wow...I am looking at Felder's SEC insider sales filing..got it...will post that by Monday...This is public information that should be known by all.
I rarely call any person a liar but I got the shareholders' notice and it was not informational only...that change took place after a STORM OF PROTEST especially from me for the ILLEGALITY of the notice....I still have the notice...do you want me to scan and post it here for ALL TO SEE. The rest of your comments are likewise wrong if you believe that falling from one dollar or so to 15 or 11 cents when Bret took over is nothing...under your watch..The alledged rise from 4 cents was so inconsequential that Yahoo charts did not even record it and not relevant in light of the subsequent decline...YOU have so quickly forgotten....Just my opinion as always
Ted...LOL would Babaloo make such an admission??? In my opinion he is, but that is my assessment...now if Babaloo does not DENY that he is Felder, then that strengthens my conviction that he is or Mrs. Felder or close associate..
Lets see if he/she will answer you query. The last time he posted he had information that NO ONE ELSE knew...only Felder would have known...imho.
Babaloo...you are really funny...that is all you can say without answering the substance of my post?...LOL...I did note that if you look at the Yahoo 5 year chart, NNLX under Felder, the stock pps fell from almost a dollar to 15 cents when Bret and company took over; now that is a HUGH decrease...sure you and your friends did a GREAT JOB crashing the pps..Can you calculate the percentage decrease from that time? It is enormous and what about dilution...Did not you dilute 100 percent to the present time with your financing practices?...AND NOT ONLY THAT BUT THE INFAMOUS SHAREHOLDERS MEETING PROPOSAL WAS TO DILUTE THE SHARES TO 300 MILLION. That proposal was all done under you Babaloo [in my opinion, Dr. Felder] I got the notice DIRECTLY FROM YOUR OFFICE and yes it was not readily available to all because NO ONE in my investment group received notice..so that is an example of information I got not given to all and that was under your hand Babaloo.
BTW .my own computer found your insider sale filing..though part of it is encoded but I have found a way to get the entire text. And I thoroughly researched Goulding., Nutmeg etc..he is all over the internet...this is the information age...wake up...what you do in secret is shouted from the housetops. Just my humble opinion as always....
It is my opinion Babaloo that you are indeed Dr. Felder so I will answer....it is the sale of tons of FREE-trading shares you gave for equity financing to your nefarious friends...
Goulding, Nutmeg AND associates, etc, etc and your own unloading that has caused the share decline...it was your associations and practices that is the primary CAUSATION [as we say in law] FOR the pps decline...you cannot cite one action or decision or PR of the present management team that precipitated any decline. And when I get your inside selling SEC form filing, I will blast it all over the internet...All of the above is my opnion and understanding and evaluation of the facts as I understand them....good day Dr. Felder...happy nightmares
This board must remembe that Felder, UNLIKE Bret Barnhizer, DID NOT buy on the open market but just gave himself shares and LOTS of shares..so he sold and is selling for jeolously, revenge, to try and choke off equity financing or whatever...try to regain control of the company by creating shareholder dissatisfaction with the new management or whatever...AND FELDER is not taking any loss at all and can repurchase at will after making a total profit...all of the above represents my opinion and projections based on intuition and past performance of the former CEO, and former CTO.
yES THIS is the exact filing I found; an investor advised me I could obtain the filing by request from the SEC because it is a paper filing and a request must be made. I plan to get a hard copy of that filing SOON....and I bet it is Felder with a significant number of shares....no other insider would be selling....
What great information; NNLX has hired a grant application person who has been successful in obtaining grants for clients; I am sure he is on top of this....
I am so glad you are emailing Bret and if you leave your CELL number or phone number where you are available , he will call you....I know this management gets RESTRICTED shares instead of salary and are working for their equity position...I believe the dilution is minimal and remember we know Bret has purchased millions of shares on the open market [Bret over 2M , as joenatural stated, I can count with fingers on one hands, the CEOs that have purchased on the open market shares of their pink sheet company. So be at peace and confer with Bret regarding any concerns...
An excellent expansion to your previous definition. Ted...I saw an SEC insider sale filing listing Nanologix and the old addess...but I could not [my computer] unlock the code...I am going to get that filing and post who is selling...hopfully soon; if you have a better research engine, you can try if you care to...Thanks
ted...I agree...what will cause a major upturn is when WE SEE THE MONEY...at least, however, we are making progress...under Felder we NEVER would have ssen the MONEY...so much going for his medical rent and, I bet, Medical liability insurance, and I bet, when it is ALL uncovered into his own POCKET so the shareholders at least with the new management team, WILL SEE THE MONEY....JMO
ted...congratulations on getting NNLX at the bargain basement; we are much higher base but really down only 8 pennies LOL and that is nothing when this jewel is discovered; so instead of viewing the percentage down I view it in terms of pennies...Bret and the BOD are doing everything possible to ensure this company becomes world class servicing both the energy and medical sectors...all of their PRs reflect their effort and excellence. More importantly, there is nothing misleading in fact or intention. JMO
joe...this is a brillant, clear answer; thanks!!
Who or what is NITE? I guess I have a lot to learn.
In summation - I believe Bret would acquire equity financing for restricted shares that could not be traded for xamount of time.JMHO
I truly believe there is no way Bret would agree to any financing arrangement with such potential to crash the pps; he is amazingly gifted business manager and would have forseen possible consequences of such arrangements and would not have agreed to it; and I know you were not suggesting that Bret engaged in such financing arrangements because you are now a large stakeholder -- I keep counting the 50K lots you have been purchasing until I lost count LOL
ted...could this have been done in the previous regime?; my understanding is that Bret would not engage in a practice that would potentially drive the pps down....financing under the new management is most likely for restricted shares with lenders with a long-term perspective....Especially is this true since the management team are working for their equity position only....a reasonable inference...thanks
Rocky ...I believe you are blaming the wrong management team; the previous one was going to demolish NNLX into a shell. Do you recall your post last June [2 months ago]:
"Right now it's too soon to tell what will be. I'm keeping the faith till end of '08 (unless we go to zero first). By then we should know if these guys can capitalize. I bet they can, but who knows really. It's just a gamble with a potentially huge return, so no point getting frustrated yet."
Come on Rocky77 ...keep the faith til the end of 08; you will be rewarded... BTW did you not approve of the PRs the new management team issued? I do not recall a complaint about them from you. Cheers and JMHO
Excellent post. I understand that the previous management secured financing for NNLX by issuing free-trading, unrestricted shares [millions], but when those investment groups failed to take control, they began to sell...Bret Barnhizer will not pursue those policies and will now "run NNLX as a business." And the success will depend on the ability of NNLX to turn its patents into revenue streams and develop its hydrogen bioreactors.... And I expect NNLX to be extremely successful for "this has never been done before" that wastewater can be turned into significant amounts of hydrogen by the action of microbes in a commercial setting
Thanks - I always wonder if I used the correct spelling...i.e. principle or principal...well I should have gotten the two words straight in high school LOL. In reply to rickman, we have a large interest but I do not know the current reporting rules, but I doubt we would be required to report although with several companies, I have seen principal holders report with less shares than we have.
ted....you have greatly surprised me with all the buying you have done; congratulations....you have gotten so many shares, when NNLX upgrades and is fully reporting, I bet you may need to file an SEC form as a principle holder!