NanoLogix Inc (NNLX)

[OurWorldEnt]

"So short of a move to the BB or another respectable exchange, this company, like all Pinkies, can only be judged on how management has fulfilled its promises."

This is very well stated, and it is also why it is so important for NNLX to move from the pinks. I was impressed to read some discussion of an AMEX listing, but with NNLX's stated practice of holding PRs until the exchange switch is made, I question how the stock price will reach the $3.00 needed to make this happen. Chatterton’s involvement might be part of this strategy, but an OTC BB listing seems more likely at this time.

During the past several months, I have gained more respect for the management at NNLX. Early in the year, the overly positive PRs predicting the "end of fossil fuel dependence" seemed like a typical pink sheet ploy designed to pump the stock. Additionally, I was not thrilled to see financing from the Nutmeg Group (a bit of research will most likely explain my feelings toward this). Although I have no way of proving it, my hunch is that the Nutmeg Group has already sold many, if not all, of their shares.

The tone of the more recent PRs, the financing with another investment group who does not want to sell shares under $1.00, and the addition of some key players (consultants and board members) have brought new encouragement to me. This company is acting as if it is poised for bigger things in the future. Thus, I have slightly increased my shares of late.

That being said, my patience for specific news is running thin. I am willing, however, to be patient awhile longer.