NanoLogix Inc (NNLX)

[Omar8]

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.