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According to the timeline of events Tom has laid out in his compliant they had no way forward in 2021. If that was end of year 2021 any forward-looking statement at that time seems fraudulent to me?
Under the - Delisting from the OTC Bulletin Board section.
By my memory not only did they fail to inform the shareholders of the event i believe in an e-mail memo it was indicated they would pay the fees and fulfill the requirements that would maintain the trading status.
We might have that scenario but who knows? if only there were some sort of records (financials)! Until then it's internet hearsay.
Doubt the name still exists, it only lives here.
I'm not certain why Faro's would care what happens to NNLX? What they need is an assignee on the patent.
The dirt behind the scenes is the question. It is interesting that many PIPES shares remain restricted, they will remain unable to tax deduct without bankruptcy. Many of those shares are him and his cohorts that refused to go bankrupt when the grape juice idea died. Go figure! I think you'd want to do the right thing for your friends.
Bret is an A-hole. Obviously he has no problem simply walking away from his obligations.
I wish ant well but I don't see anything he is trying to do working. I doubt a class action will happen as there is nothing of value to go after.
I do not understand why Bret hasn't claimed NNLX bankrupt to end all the angst, mystery and any liabilities.
There is nothing to lose! I think it's a good thing companies like this no longer can trade, and BB deserves whatever can be delt to him. This company should not have survived the grape juice debacle, they have been in search for a purpose ever since. I don't know what motivates Antman but I don't think it's the patents. Fun to watch.
Just guessing, but it's probably more like someone selling to take the 2023 tax loss and a Market Maker doing what they're obligated to do.
I wonder how long this will continue trading, I suspect FINRA will eventually remove it. I don't know what that would mean, would it be a tax loss?
It has been interesting to see on these boards that the technology is never questioned.
Search nanologix in the Company Name box, looks like the business eviction case was only filed on 10/13/23 and remains open. IDK either but perhaps Bret's health delayed things?
PCR industry's fault? There's plenty of OTC at home tests.
If you still think the tech is promising it seems the only hope for a shareholder. There is no assignee on these two patents so if BB can do anything with them I suspect anyone involved would not want the baggage involved with the stock.
I do not understand why BB doesn't go bankrupt? Perhaps at this point he can't even do that?
Yes that's it, thank you. They've done nothing but chase rainbows and unicorns.
Omar I have another curiosity. Early covid I recall an email update that said NNLX technology wasn't viable for covid. Not long after that there was something about being persuaded to try. Am I crazy?
Where did the options come from?
What price were they exercised at? My guess is .02
Where did the money go?
This would have been shortly after the SEC investigation that started in May of that year. considering all that ant4 has said how did they feel this was okay to do?
I assume the shares remain restricted with all the PIPE shares?
Interesting, I have a few questions.
This must be the one I was thinking of. What a ridiculous offer, their valuations are worse than the forward looking statements, I'd like to see the faces of the Shark Tank panel. No wonder nothing happened.
I seem to recall them mentioning in one of their email memo's that they were not going to sell shares? One problem at the time would have been that this stock does have the high parr value of .02 and I didn't notice the shar count rising. I forget the details of how they intended to raise money, I bet Omar can find it. If they were competent enough to keep books is the only way to know what happened.
This company's management has always pissed me off, they don't deserve to publicly trade and never will again. Go get em
If there were to be a shareholders meeting wouldn't all shareholders be notified? Maybe that doesn't apply to this POS, but if so I'm sure you'll find some interest.
Ant has said a lot, and I don't hear any pushback from headquarters! Pretty certain it is legally best Brett say nothing about anything. I think the ant guy's assumption of too many skeletons in the closet to do anything is worth considering.
If shares that remain restricted can vote that's where ant will find support..
"In my opinion I believe there are so many skeletons in the Nanologix closets he cannot complete any arrangement"
I have had that thought since you showed up on message boards with your offers, From the beginning everything Brett hasn't done has made sense.
Best to remember this stock was trading only because a handful of shareholders wouldn't admit defeat with the grape juice stuff. Good luck with their latest attempt to find anything.
"If you don’t pay the Delaware Franchise Tax and file the Annual Report for two straight years, the State of Delaware will administratively dissolve the Corporation."
So if taxes haven't been paid since 2018 this corporation has long been administratively dissolved. Is there even a Delaware Registered Agent still there? I suppose responsible corporations would claim BK, I didn't see any mention of what happens to shareholders when the CEO simply abandons everything.
Correct me if I'm wrong, if there is no longer a corporation registered in Delaware there really aren't any shareholders.
I have my doubts, what have you seen that assured you?
And what do you think was the good reason for abandoning all expected CEO duties? I say it was because they knew there is nothing marketable, so man up and say that.
The same shareholders who prevented BK (which Brett was one) when the grape juice ran out seem to think all it takes is promotions, no, it takes a product that people will buy..
This has been a pump and dump from day one and you know it. Have no idea why you would still defend Brett, there's nothing left in it for shareholders.
I just wasted a few minutes replying to you, won't happen again.
Isn't that sort of information a fiduciary responsibility of the CEO to report to shareholders? Oh that's right, the CEO of this former company has never showed any understanding of his duties. No reason to start now>
"Is there a one-year expiration on the SEC filings?"
That's the exact question I had. It would make sense but i don't know.
You read my mind, all that needs to be done to end all this is claim bankrupt. I doubt the shareholders you need are here? Majority are from the grape juice days.
"How you stand by and allow Bret to continue to destroy any value left in the technologies and disregard the shareholders is confusing to me."
The way I explain it is they have discovered there is no marketable value in any of their technologies. Bret has never shown the capacity to understand his role as CEO of a publicly traded company.
I applaud your effort to hold Bret accountable for his failures but I doubt there is any benefit to anyone,
It's been too long and I don't much care but as I remember it, when the grape juice was a known failure Bret stepped in as CEO to avoid bankruptcy. This makes it look like he started off selling Snake Oil, he never stopped.
Don't take my word for it, if your shares are in a brokerage account your broker is the only one who can help you. Call them! Tell your broker you want to close the position and see what they can do. Perhaps they can sell, apparently there still is a Market Maker doing something. I believe any broker can enter or fill an Expert Market quote, and may even be obligated to close a position (if possible) at your request.
If that doesn't work my guess is eventually there will be no Market Maker and FINRA will completely delist it, your broker would then close the position. Or, Bankruptcy. But if everything is expiring and if antman has taken control of the name in Delaware I don't know that anything Bret does can affect the stock.
What a curiosity this has been, perhaps it just fades away into the sunset? I think it's a good thing corporations that behave as this one has can no longer be publicly traded.
That's all fine and dandy, reliable source or not it no longer has anything to do with the stock. The symbol NNLX will not trade on any exchange again.
I'm thinking if ant was looking to accumulate it was at .0001 or less, I don't see how shares in your brokerage account could be transferred directly to him at any price. There may be loopholes, I'm not a lawyer but I will also say that if he controls the name in Delaware I don't see how the Ohio based so called company remains related to the stock.
I'm fairly certain that the only thing you are offering current shareholders is the tax deduction.
If you where to do this I think it highly unlikely the company would be able to trade under the symbol NNLX.
You should have known that when they didn't comply with Rule 15c2-11 amendment !
As I understand it, which ain't much, the important thing to investors is who the patent is assigned to. Assignee is the one with the rights to market products.
There was a memo that said NNLX wasn't able to get the last patent's to market and needed a partner to do so. I've assumed whoever that partner/whatever would become an assignee, there can be more than one.
Since no one told me anything I get to make ^%$# up. NNLX sent a few products (?) over and the expert based in Switzerland couldn't find anyone that appreciated them as much as much as expected. ?x*#%^ experts.
"business relationships in nine countries on four continents", = someone ordered a few on the website?
For once I have to hand to DP, bad bet sums it up nicely.
There is less value in their "memo's" than there is in their stock. Was trying to recall any thing said in a "memo" that came to fruition, I can't, maybe you can help with that?