Tradefm,

"No, The same as big boys"

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Don't see how this is the same as companies that have proven sales that are significant, just because you think they don't need adding shares to the total ? You sure that's never going happen again ? What kind of guarantee you have on that ?

This company appears needing to sale Patents because they can't sell enough and they are in a tough position because selling shares would be rough considering current PPS. You don't know they still might need to add more shares if they can't sell those Patents.

Who really knows if they can even sell those Patents ? Until it's done it's just talk for message boards. For YEARS AND YEARS they have talk big but haven't shown the dollars to back it up.

Remember this is the same company back in late 2012 going sell BNP and eventually BNF and where did that led to ? Years later still needing to sale Patents ?

Tradefm,


"They are the same as big boys now with a product to sell no borrowing"

Really, same as the big boys ?

Emerald Isle,

"You're repeating constantly that Nanologix has no revenue or cash flow. Prove it. I know Medtronic just spent tens of thousands of dollars on Nanologix technology. Heard it here in Ireland from footballers I know. That's revenue, pal."

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Do you have more details than they just said a couple of companies names mentioned and dollar amount ? What kind of Products were sold ? And just common footballers are talking about Nanologix ?? If you could share more it would be appreciated.

drugmanrx,



"Patents like anything else are only worth what somebody is willing to pay for it. "

"
Currently, the patents hold no value as far as we know no one has made an offer. Once offers if any start coming in than and only then will we know what the selling value will be."
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Wow some one on here with some common sense !

exploremore

"If i thought the flat pack patent was worth anything I would be saying don't dilute the shares also, but i don't.. Competing in the pre poured dish market, hard to get exited, especially with no numbers. As long as they remain dark best for me to figure no money being made there either. "

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It's discouraging to think they have a facility to produce product and after years of going at it they don't have some money to fund expansion. What is the problem ? Is it the size of the facility and the capacity it can produce ? I don't think those are it. I don't think they are maxed out in that area. So if money isn't sufficient then the problem lies some where ? Either the product isn't great or we have a group who don't know how to make money with a great product ? Either one of those possibilities isn't good.

I know some will scream I'm negative but the one positive possibility( just speculating/dreaming) is the company is cash strapped and they were offered some deal for their N-Assay( maybe from that big company ? ) and it was low( what the company thinks is low). And they came up with this idea to create cash to show they can do it on their own. Just my opinion if they were offered some thing even if it's a faction of what they want they should take it. They have demonstrated through the years they aren't very good at selling products.

I guess we all will find out soon if those Patents are worth anything if it sells.

Rckuehn,

"Sales at this point in time are not enough to fuel expansion, this we all know. This is why the flatpack patent, in selected countries, is being offered for sale. Bob"

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Then, in my, opinion sales suck.

If WE all know this( really we don't because the company doesn't release numbers) then wouldn't the companies out there who might be interested in the Patents will think someone is in need of money therefore bid lower ? The company in my opinion is showing weakness. Which is bad in my opinion.

The best thing the company should do is show numbers are strong. That they don't NEED this money but doing to it to move forward with something else. But right now the way I see it they are showing weakness, not good. They should do better than this.

Rckuehn,

Please give a honest opinion do you think sales right now are enough to fuel expansion ?

We heard about a new place at the end of last year, and yet not much since, then this Patent Sale comes up and talk about what the money is going be used for. Do you think it's reasonable to think sales aren't enough and this Patent Sale is needed ?

Rckuehn,

"Sales are happening with the flatpack, bnp to the african group and n-assay to the "big company."

Can you give me a number and I'll give a honest opinion if numbers suck. I didn't say those sucked, I put a question mark at the end, you need to pay attention more closely.

If you can't give a number then you don't know for sure if they suck or not !

Rckuehn,


"Omar, how can you say sales suck when we have no figures."

Without the numbers in front of us it "might" suck, can you prove they don't ? I can see someone seeing this sale of Patents meaning they aren't generating anything worth while. Why sell something worth millions ? Fuel the expansion with sales not selling Patents !

Rckuehn,

It's possible there is no interest from that big company and the best thing the company could come up with was selling Patents since their sale numbers suck ? Would you prefer this over what I posted just a few posts ago ? Not sure, but likely you will perceive anything I say as negative.

Rckuehn

"All the work NNLX has done with the "Big Company" has concerned n-assay to date, there has been no mention of the flatpack by NNLX."



We don't KNOW for sure what all the work between the two companies is. If they are a top global medical company and the tech is good why can't it be possible ?

We can only guess. Maybe that company wants the N-assay for a low price and the company doesn't want that price so they go and try to sell something to show they can go do it alone. Maybe this is an attempt to bump the price to their favor ? Who know throwing out there something to think about.

Drugmanrx


"If the "big company" was seriously interested I believe they would have discouraged NNLX to make such a press release.



The 'big company" would keep it hush hush until a deal was signed. JMHO"


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We don't know, we can only guess. Maybe they are interested in N-Assay or even all of rest ? Perhaps they offered a low price( what the company thinks is) and this selling of patents is to show them they are going go do it on their own ? And they are now putting the word out to see who will bite on it ?

We may never know what is offered or talked about I just hope the company isn't getting too greedy. Those companies might say fine go ahead show us and with this group in charge it's likely not going happen, basing that on past events. Who knows maybe no one is interested only can wait for time to past and see what happens.

Rckuehn,


"Drugmanrx, "the big company" is interested in n-assay not flatpack. Bob'

And you know this how ?

Drugmanex, most people will believe it when they see it. Yes, would be nice if the company said how they came up with those numbers. And has there been any serious interest for them already?

I wonder if that big company is interested ?

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"NanoLogix, Inc. ( OTC PINK : NNLX ), an innovator in the rapid detection, identification and determination of the antibiotic resistance and sensitivity of bacteria, is very pleased to announce that they have been contracted by one of the world's three largest global Medical Device manufacturers to customize the NanoLogix N-Assay, a unique modified ELISA diagnostic.

drugmanx or anyone else


Who are the big players in those countries where those Patents exist ? That would benefit from those Patents ? And not saying this to make phone calls, for you paranoid people out there.

Emerald,


"They've made a logical business case for selling the international patents. "


It appears they had little choice since they weren't making much money to fund for the future. IMO


ME

You apparently don't understand they have had YEARS to make money and yet they are selling Patents. It's pretty apparent they haven't made a whole lot after all those years. That blame falls all on them.

Who priced the Patents ?

Hopefully not the same "expert' who was in this release years ago

".........."See this from over 3 years ago, "....NanoLogix will distribute their products through Nasaem Al-Jazira in the Gulf Cooperation Council (GCC) area over a 5-year period. The GCC is comprised of Saudi Arabia, Kuwait, Bahrain, Oman, Qatar, and the United Arab Emirates. In a conservative estimate from a Saudi Arabian and GCC marketing expert based in Switzerland, the first year of sales for NanoLogix is projected to total $900,000 from this contract. The agreement provides the opportunity for expansion of the geographic area upon achievement of sales targets. NanoLogix projects the agreement will result in the hiring of additional production workers by summer 2014 with the ramp up in sales...."

Rckuehn, how can you call reporting what was put out and then asking questions as negative ? It's just someone explaining what they see from past releases !

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See this from over 3 years ago, "....NanoLogix will distribute their products through Nasaem Al-Jazira in the Gulf Cooperation Council (GCC) area over a 5-year period. The GCC is comprised of Saudi Arabia, Kuwait, Bahrain, Oman, Qatar, and the United Arab Emirates. In a conservative estimate from a Saudi Arabian and GCC marketing expert based in Switzerland, the first year of sales for NanoLogix is projected to total $900,000 from this contract. The agreement provides the opportunity for expansion of the geographic area upon achievement of sales targets. NanoLogix projects the agreement will result in the hiring of additional production workers by summer 2014 with the ramp up in sales.

NanoLogix currently has business relationships in nine countries on four continents. ITAC is working with NanoLogix, Inc. as the company continues to increase business ties with companies in Thailand, Singapore, and Europe. ITAC will assist with further distribution agreements projected for signing with those companies and other companies in 2014..."

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Yet, now they need to sell Patents( for expansion) when deals were in place overseas or being put in place ? Emerald said something about +1 million was significant for this company when here they were talking about nearly 1 million JUST IN THE FIRST YEAR from this 1 deal and now it's YEARS later ??

Stuff like this needs to be talked about, to me not bringing it up is being dishonest. Putting out only the "good" and omitting or not talking about the "bad" or negative as you call it isn't right. Call it being negative but the company past should be talked about it shows their track record on how things have turned out.

They also, talked about capturing a good portion of a $44 billion market years ago, so any one saying $1+ is significant seems to be not reading what has been said in the past by the company. Because numbers have been talked about before that make +1 million not seem like a lot.

Now word of millions for patents is put out. Does the company know what they are talking about ? I believe the past is very relevant and if the past is indication of the future then we shouldn't be surprise if nothing comes from the Patents sale. Call it negative but the past says this not negative posters but word from the releases. Let's see if the company can make it happen so far they haven't shown many dollars to back up their talk.

Captalismforever..."Patents are valued based on cash flows they've produced as a result of the patents."

Can anyone name companies that sold Patents for such a high price before without them previously used as a cash flow for a company ?

Remember this from the releases from 2012 about capturing a good piece of a $44 BILLION market ?

"........NanoLogix’s management is focused on positioning our BNP and BNF technology to enter and capture a significant portion of that market. We believe that businesses, and indeed whole industries, that need or supply diagnostics will choose our faster, simpler and cheaper technology over expensive, highly complex equipment that cannot differentiate between live active-threat and dead bacteria.


Don't you think people think stuff like this above has caused people to not react positive to the recent news ? They built their reputation it's all on them !!

After all these years they couldn't mustard enough to fund expansion ?? Do these people have a clue ?

August 2012......Nanologix, a biotechnology innovator in the rapid detection and identification of live-threat bacteria and microorganisms,announces it will begin commercialization of its BNP (BioNanoPore) and BNF(BioNanoFilter) diagnostic kits under FDA 510K-exempt status. The first product to be marketed will be the Petri-based BNP detection kit utilizing TSA media. Other nutrient media will be available by special order. Recently completed independent third-party research has demonstrated BNP diagnostic kits to be two to ten times faster at live bacteria detection than traditional methods. Following the BNP rollout, NanoLogix plans to commercialize its BNF technology, which third-party research documents as 18 to 72 times faster than conventional detection and identification methods. The company also plans to develop customized test kits for particular applications and client partners.

NanoLogix is also beginning sales of conventional TSA Petri plates. Both BNP kits and NanoLogix TSA Petri plates will be packaged in the company's proprietary inert-gas charged vacuum Flat Packs. A major third-party laboratory has documented these Flat Packs to have at least a one-year shelf life stored under normal conditions, compared to the 3-month shelf life of traditional Petri plates."

After nearly FIVE years, here they are needing to sell Patents ?

Look at their releases through the years, people will believe it when they see it.

"June 16, 2015:
NanoLogix expands choices for order configuration
In order to better satisfy customer needs, effective July 1, 2015, NanoLogix will offer Flatpack petri plate configurations in Flatpacks of 20, 30, 40 and 50 plates in addition to the standard 10 and 25 plates currently supplied. This move is done to assist high-use current and potential customers in reducing both their labor for handling in the laboratory and overall packaging waste disposal costs. The company anticipates this move will further increase the attractiveness of NanoLogix petri plates to present and potential customers."

From this release it would seem a couple years ago there was some demand for them, yet, they weren't able to fund expansion with sales two years later ? Do they know how to sale products ? How many High-use customers and potential customers were there back then, apparently not enough ?

Emerald,...."Considering the equipment mentioned in their update, the amount had to be $1+ million. That's significant for a small company to raise. I do understand that "



After all the bragging about the tech and $1+ million is a big deal for them, maybe they need to sell it to someone who can make something of it, they seem to be struggling to make it happen. Excuses like they are a small company shouldn't be something to stop them from making it happen.

You don't get it, the amount talked about wasn't really that much and it appears sales aren't there to met that amount. Let that soak in if you will.

Most here must have short memories, because it wasn't that long ago this was put out at the end of last year.


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"...The Company has narrowed its selection of buildings to use as a larger production facility in northeast Ohio. Two existing buildings are now under consideration to house NanoLogix production for both petri plates and for production of the new N-Assay ELISA-based rapid bacteria diagnostic.

The projected expenditure for establishing N-Assay production and increasing petri plate production is roughly $900,000 for production equipment, $125,000 for the construction of two separate 70' X 30' production cleanrooms, and $40,000 for additional equipment such as forklifts.

?This expansion is projected to result in market share increase for petri plate sales due to markedly improved economies of scale, and position NanoLogix with a significant production capability for the new N-Assay modified ELISA comprehensive bacteria diagnostic kit. The Company expects the expansion will result in ten additional jobs starting with the delivery and setup of the production equipment in 2017 and another ten positions upon expansion of N-Assay sales..."
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Now if they can't get enough through sales here in the STATES to pay for expansion which by their measure wasn't really that much then what will they do with a bigger facility in the STATES ? Either the product isn't worth much or they don't know how to sale it, you decide what it is ? I'm really interested to see if they get anything near what they are asking for in those overseas markets.

I think some other poster mentioned if the market is overseas for this then why sale those to produce here in the STATES which some think isn't in as high demand ? Now if they wanted to not be that business then SALE it all, that would make some sense. But sell the good markets to produce for the lesser one ? What kind of craziness is that ?

I'm starting to think this NEWS or ( NON-NEWS) is the initial try to sell the entire company. Let's see what interest they stir up.

ALL THOSE MILLIONS. If it's worth all that why not just sale enough here in the STATES. Surely, there is enough demand in that market to cover their needs ? Seems weird to think if it's so valuable yet they can't sell enough in a huge market the US has to offer then why would it be worth millions to someone else ?

Find a buyer ? The way the tech has been talked up, it seems they would be wanting it without an announcement.

I guess, there hasn't been anyone serious about it yet ? Interesting, lets see what they get from this release.

Don't you think it's interesting they talked about a new site last year and "projected" timelines and nothing heard about it since ? Doesn't it make you wonder did they have the money back then to make it happen especially now Patent sale news has come out ?