Tuesday, May 08, 2007 8:40:18 PM
By all means, I do not know how many shares The Nutmeg Group received for their $750,000 financing, but there is little doubt the amount was substantial. Additionally, EnergyisKing alluded to another insider who had separated from the company and who would be liquidating shares. This logic is further supported by the trading patterns after PRs. Earlier this year, any spikes in share price seemed to be met with an abundance of shares for sale.
That being said, I do not think NNLX is deliberately withholding any PRs, etc. to keep the share price down. Instead, I attribute the limited number of PRs to reflect the "new" style of NNLX management. In other words, there now seems to be a hesitance to release "fluff" PRs filled with promises. Instead, they seem to be waiting to release the information after certain tasks have been completed. Again, in the world of pink sheet stocks, this is a welcome and positive trend.
Also, note the new management team took place after the failed split off of the biomedical portion of NNLX; therefore, it will take a little time before the current management team shows evidence of their work. However, based on previous PRs and published interviews, I am expecting a few very important announcements by the end of the year:
1) A move to the OTC (at minimum)
2) A biomedical announcement (this could be tied to the patent NNLX filed earlier this year)
3) Some type of working relationship or interest from a Fortune 500 company (this will most likely involve the hydrogen side of NNLX).
There are no guarantees, of course, but NNLX is a pink sheet stock that clearly has potential, and I do not see this potential as "wishing thinking." However, in all fairness to the posters who might be skeptical, management does need to prove some of these promises are being fulfilled to instill greater investor confidence.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM