NanoLogix Inc (NNLX)

[Omar8]

Yman,



This is what I am waiting to see....


From one of Ant's post.....

"Despite the fact that the company has been voided in Delaware since 2018 the company through its CEO and directors have authored and published glowing Press Releases about its technologies; potential research, distribution and fund raising agreements with multinational firms that never came to be. As an example, one press release reported that the only two directors exercised options on millions of shares which provided the company with the funds to continue the development of the N Assay technology and suggested that it “reflects their belief in the NanoLogix rapid viral detection technology and its potential”. Not surprisingly over the following days after that PR was released the price per share and volume significantly increased. As the company has refused to provide even the minimal financial information there is no way to know if the exercise of the options albeit in a voided company every took place although one of the directors recently disclosed they only owned “a couple hundred thousand shares”.


That release...



Oct. 5, 2020

NanoLogix Covid-19 Detection Test Update

Partial Funding received from NanoLogix Directors Options Exercise

NanoLogix has enlisted the services of a company with an advanced diagnostic platform that can deliver lab-quality results at point-of-care (POC). That company will perform an initial feasibility assessment of our COVID-19 viral assay on their rapid POC system. Partial funding for the first phase of the feasibility assessment is being provided through NanoLogix Director and Chief Medical Officer Dr. Jonathan Faro and Director Dr. Sebastian Faro exercise of options for 3 million shares. Those exercised shares are restricted from trading for a period of one year from issuance

The Directors' action reflects their belief in the NanoLogix rapid viral detection technology and its potential.

Independent laboratory work in Houston on a separate phase and aspect of the testing technology will begin after initial results from the above-mentioned work.




Can anyone find evidence that those 3 million shares happened ? Shouldn't there be a form showing it ? And what Ant posted about a couple hundred thousand shares true ? And if so where is a form showing that person sold a lot of shares ? Don't those in that position required to do that ?

I hope the SEC is looking into this......