NanoLogix Inc (NNLX)

[Ant4]

A new legal action against Nanologix, Inc, Bret and the Faro's is being filed in Federal Court - District of New Jersey. The complaint can be viewed at nanologixlitigation.com. The complaint alleges, in part, that Nanologix, Inc is the rightful owner of the n Assay and RVA patents and therefore the Court should order an assignment of them to Nanologix, Inc.

In view of the fact that Bret has announced he has resigned from being an officer and director as of 12/31/23, and the Faro's were never duly elected to serve as directors and/or resigned, the Complaint / Order to Show Cause seeks an order of the court (1) precluding Bret, J Faro and/or any other 3rd party from discussing, negotiating, transferring or selling the patents, (2) appointing a receiver or other person(s) to take control of the company, its assets and affairs, and (3) the scheduling and conducting of a shareholders meeting.

The filing of the complaint and Order to Show Cause is straight forward with the only purpose(s) being for the court to intervene on the issue of who owns the patent(s) or the rights to them and to allow the shareholders to decide if and how the company is reorganized now that all officers and directors have abandoned the company.

I look forward to working with ALL shareholders in an effort to finally resolve these matters.

Tom