This little <$15M company has a technology that all major players will want. At the latest scientific meetings Bret was busy fielding calls from folks from companies large and small and although I don't know the details it stands to reason that they are all having a close look at the BNP technology and what it is worth to them. What happens from here? Maybe nothing, maybe licensing, maybe a bid for the whole shebang. It's anyone's guess. But what is pretty obvious to anyone with the vaguest sense of value and scale is that the BNP idea alone is likely worth a whole lot more than the entire market cap of NNLX. Probably several times more in my opinion. Maybe Bret finishes the clean room and starts selling them, maybe someone pays him for the whole enchilada before he pours the first dish.

So the way I look at this investment is there is significant value in this idea and we are just waiting to see how it will be monetized. Bret is smart and knows what he's got and won't be giving it away. I feel confident without knowing the exact progress of the clean room, what the details of balance sheet are, etc. that I will make money on my investment in NNLX. No matter how he gets to the finish line: either by organically growing NNLX through sales, or by licensing, or by an outright sale, it doesn't really matter. BNP is one of those diamond in the rough finds and in my opinion we're lucky to have stumbled across it.