NanoLogix Inc (NNLX)

[gosox12]

Excellent BuyOut/Licensing Candidate

I gotta believe that at Bret Barnhizer's age--probably in his 60s-- a Buyout is a real enticing possibility. At the least, the article in the local paper there quotes him as saying that they'll need a licensing deal to mass manufacture the test.

So, either way, I thin prospects are great here. There are only about 160 million shares outstanding and only about 100 million in the float, so I'm guessing insiders have the rest-60-70 million.

A large company could buy the whole company for $2-3 a share and that would still only come to $320-480 million. A pittance for the Big Boys, and they could get all the other NNLX tests, including the UTI test developed by Dr. Faro.