NanoLogix Inc (NNLX)

[capitalismforever]

"it was 5 weeks from the 510k exempt status so any company wanting and ok from the FDA first had five weeks in the quarter to tryout some kits."

They don't need FDA approval to sell to a research firm. They knew that and that's why they announced they had an order for their product long before they announced they received 510 clearance.

"The 12k unit order started in July and we can assume from what multiple sources have stated that they did ship in the quarter for argument sake. I will give them a couple more quarters to get things rolling."

There's no "sources". They shipped in the 3rd quarter just as the financial statement they recently released states.

"I don’t have a problem with that it is in line with the last few years of share delution."

I'm glad you don't but a wise investor should because they added 6+ million shares yet only have $114,761 of cash.

"2009 added 10%
2010 added 6%
2011 added 4%
2012 extrapulated out comes to just over 6%

Numbers are approximate so please don’t critique my math I don’t want to see you get all worked up for nothing."

Percentile of total stares outstanding is not the correct way how to measure dillution because naturally the percent of the total will decrease while the total shares out increases even though the actual amount of dillution may be increasing. Therefore in the case of dillution, you always measure the actual amount of dillution rather than the percentage. It's common sense.