Replies to post #2400 on NanoLogix Inc (NNLX)

[rocketeer357]

Logical? I think the term you're looking for is "wishful". lol
Lots and lots of shares sold, with no idea whatsoever if those are insider shares. I guess if I held more than the 37,000 I own I'd be forecasting on emotion as well....it's all we have with NNLX.
Now another dangling Felder carrot- big company, names not mentioned, 6-12 months. Sounds familar.
What I took from the recently posted article is that the results of NNLX's hyro production aren't independently verified. How hard would that be to achieve?

[OurWorldEnt]

Parents--I happen to agree with your general reasoning.

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.