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Thread: NNLX Nanologix Inc. - NNLX
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  #7 (permalink)  
Old 06-08-2009, 09:10 PM
lockshed lockshed is offline
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Join Date: May 2009
Posts: 83
Default what others think

Lot's of noise going on about this and that but all of it good and healthy to hear. As a long term investor in this company I thought I'd add my overall perspective to what this company is all about and hopefully calm some of the apparently frazzled nerves. I'm a retired doc, manage money professionally now, and although my track record is far from perfect I do consider companies like NNLX my sweet spot as this is where I've historically made my biggest profits.

NNLX in it's current form is essentially a restart. The company has a host of different technologies under it's umbrella from hydrogen reactors to petri dishes and a lot in between. When I got involved well over a year ago, I got to know Bret over the phone through multiple conversations. He was frustrated by the previous managements lack of forthrightness with him, organized their ouster and took over the company. Most of you know this and as well you know that he personally invested a good deal of his own money to keep the lights on at NNLX. Bret is probably the major shareholder in the company now and thus take heart that his interests are exactly allied with our own. This point cannot be overemphasized. As far as I know, he does not currently take a salary, his only compensation has been stock. I've also since met Bret on several occasions and have found him to be just as he sounds on the phone---a straight shooter.

Secondly, what Bret is doing makes sense. After trying for over a year to get other governmental agencies to take an interest in the BNP technology he went to Batelle who came out with a report that essentially gave the technology a stamp of approval from a major defense contractor. The Batelle paper is really the bedrock of NNLX's credibility as Batelle's reputation is unquestioned in the industry. Their endorsement was a windfall for the company. So now NNLX finds itself in the very enviable position of having a 'game changing' technology in a market that certainly runs in the hundreds of millions if not billions. Petri dishes are used worldwide in every university lab, hospital lab, research lab, water quality labs, food quality labs, biological weapons labs, etc etc etc.

The question is what this is all worth. Well, let's say you're a major player in this field and you make a lot of profit from making and selling filled petri dishes or something more advanced and convenient(there are various other petri like technologies on the market). Someone comes along and proves that with a simple, inexpensive idea he can cut the time to results by 100% to 400%. How could you afford NOT to try to incorporate this technology into your product line? Frankly, if you don't you're dead. It's kind of like what the iPhone did to the rest of the smart phone market. It was just so much better that it kind of took over, or is in the process of taking over. I know the battle rages here but you get the idea
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