Replies to post #2828 on NanoLogix Inc (NNLX)

[joenatural]

I suggest everyone fasten their seatbelts super tight. Why ? Well we already know the connections NNLX has with big oil, etc. and when these guys realize .75 a gallon hydrogen can be produced on a massive scale, NNLX's future partner will build-out bioreactors in mass all over the country and NNLX won't have to pay a dime. It's coming.

"Only one month ago Rocketeer...posted:
"I respect Bret's silence more than the other guy's bogus claims and deadlines. That said, many companies and people have great ideas- making them commercially viable is a whole different game. Bret has his shot now and I'm willing to give him some time to see what he can do."

Is 30 days sufficient "time" to give?; so now, 30 days after his post on 6/13/07, Rocketeer has a radical change of position. Perhaps Rocketeer did not understand the definition of "restricted shares"; those are shares that cannot be traded for one year. You cannot get a loan with restricted shares and, because NNLX will be fully reporting within one year, SEC rules regarding insider selling are in effect applying other sell restrictions to those shares.

In essence, Bret Barnhizer and the BOD are working for their equity position only; THE QUESTION IS WHY? And the only possible answer is that they have confidence they can turn the company around and realize the technology potential that NNLX has. My view."

[new83]

Hey! Parents - right on - you appear to have about the same opinion of NNLX and it's management as I do - the combination of two technology fields and management integrity appears to be a great combination for success - we will soon see the results - I am impressed with BB - it is interesting that the volume was so low today after several days of 200K to 300K -Cheers

[abew4me]

"Perhaps Rocketeer did not understand the definition of "restricted shares"; those are shares that cannot be traded for one year."

Well, that's not exactly correct. Restricted shares can easily have their restriction taken off simply by filing an SB-2 with the SEC.


"You cannot get a loan with restricted shares..."

Sorry. That's not correct either. In fact, a company called Cornell specializes in loaning money to Pink Sheet and BB companies using restricted shares. Many times, they'll request that their restricted shares be subject to an SB-2 filing so that they can dump them onto the market at a later date.


"...and, because NNLX will be fully reporting within one year,"

When you say "fully reporting" are you referring to OTCBB approval or just fully reporting as a Pink Sheet company?


"...SEC rules regarding insider selling are in effect applying other sell restrictions to those shares."

True, but once those shares are unrestricted the insiders are allowed to sell their shares simply by filing a Form 4 within 3 days AFTER they have already dumped them onto the open market.


Disclaimer: Please do your own due diligence. All comments are just my opinion and you should get professional advice when making any investment decision.

[rocketeer357]

"Only one month ago Rocketeer...posted:
"I respect Bret's silence more than the other guy's bogus claims and deadlines. That said, many companies and people have great ideas- making them commercially viable is a whole different game. Bret has his shot now and I'm willing to give him some time to see what he can do."

Yes, I certainly changed my thinking, mainly because as I said previously, unlike me, nothing materially has changed with NNLX (except the share count). Let's talk about Erie: Tell me Parents, what "projections" do you think must be met for Erie to be realised by Spring 2008? A government grant perhaps? Sales of an as yet unapproved testing kit to support installation and maintenance? A partnership with a big household named company? And that's only the financial question.

"In essence, Bret Barnhizer and the BOD are working for their equity position only; THE QUESTION IS WHY? "

I'll bite: because they have to. Here we go again with the appearance of solid support. As if NNLX had coffers full of money for salaries and the noble, truly supportive officers CHOSE shares. Get SERIOUS; it's the only printable paper they can afford. And make no mistake about the dilution chipping away at the value of your shares.

BTW, Bret bought his 2 million shares on the open market with the same 411 as you or I had when Feldman called the shots and signed off on the PRs. He believed exactly what you I believed and what we now know was grossly exaggerated.

I liked the story here; it was an investment that I wanted to work on a financial as well as an ethical level. And you know what? As the markets screams to new highs, and NNLX drifts painfully downnnnnnnn, I have no doubt that I'll be able to buy into NNLX in the next 12-18 months at Friday's closing price or lower if I choose to do so.

Keep the PomPoms warm.