NanoLogix Inc (NNLX)

[capitalismforever]

"I've not found numbers to indicate amount of shares if any he's paid."

Then you haven't looked.

"Aren't stock payments only valuable if they're monetized?"

Solo you're saying stocks have no value unless cashed in? Interesting. You should inform banks and insurance companies, who allow stock certificates to be used as collateral, of your findings :)

"I also cannot find any SEC forms indicating he's sold any shares he might have received."

He's not required to disclose trades in a non-registered company which is why you've never seen a purchase order of his shares or anyone elses.

"That would fit with what I've been told that he has all shares he's been paid for ten years still in restricted certificate form."

Doesn't matter if he still has them or not. That's not the point. The fact that he's recieved them is. He's been taken care of while the ones who put up the money to run this business have not.