Replies to post #2164 on NanoLogix Inc (NNLX)

[nmbr1stckpckr]

You are? Have you seen today's PR yet?

[tedturnernot]

Those very thoughts have kept me away and waiting for some concrete proof of progress. Especially the now CEO posting on an investment message board.

Also, these guys could be issuing quarterly reports or unofficial quarterlies even if the company isn't registered.

[parentsgratae]

jean...Bret Barnhizer never posted material information that the SEC would classify as "insider information". Furthermore, he was not an "insider" in the technical sense until recently when he became a Director and now CEO and President; I appreciate his posts knowing that the SEC encourages releasing of information to shareholders so that the shareholder has all the relevant information that the insider has and can assess the risks accordingly. THERE ARE NO RED FLAGS here. Our risk position is far higher than yours having 800,000 shares and adding. Mr. Barnhizer was also pivotal in averting a slealth takeover and splitting of NNLX into 2 corporations with massive dilution in what I believe was a spurious "shareholders' meeting" in which few shareholders were ever notified and little concret information given. We have much to be grateful for. JMHopinion

[Petro_Drlg_Engineer]

Jean: Red Flags

Personally share your concerns about pink sheet companies as this is the land of companies that are not fully reporting. Per the March 12th PR: "In January we retained an accounting firm that is reviewing all of our books and will assist us in organizing our financial documents, all of which will allow NanoLogix to file the appropriate documents with the Securities and Exchange Commission and become a fully reporting company." This has been repeatedly discussed, but am happy to see progress on getting to 'fully reporting' status. You've asked a good question about compensation, but a 50% decrease is a great signal that things are changing within the company. First control expenses, then increase revenue type operation to move the company closer to profitability and away from more dilution.

Since you've done some research on Mr. Barnhizer; have you also done similar research on the proposed board members for the Feb meeting? Seems the plan they had was to spin off the patents (majority of company value) into a different pink sheet company. Current investors would have received 30% of that company, but with no control on further dilution. A simple 10 for 1 stock split would have taken current NNLX investors interests to roughly 3%! Agreed?

Once you have compared both choices, would like your honest opinion if we are better off with this change in management; or the proposed spin off in Feb. Since you have 100k shares, seems you would have previously checked out the other men. But don't remember you posting anything at that time. Care to advise why you are more concerned now, then in Jan/Feb? Most of us were very concerned and active in supporting Mr. Barnhizer to prevent the takeover of the company.

Personally attended the Las Vegas event with Dana Allen. Most presentors were not even aware that NanoLogic had hydrogen generation technology! So appears to ME that the new board is working to get the word out, get real projects and real income. Have roughly 1.5 million shares, so am very interested in this company and changes in management. But fully support Mr. Barnhizer and the team now running the company.


Looking forward to your reply;
PDE