for the bashers who dishonestly try to discredit,no matter how ridiculous,anybody who honestly read what i said-and i referred you to the updates/PR's where you could read it for yourself- would understand NNLX made its largest purchase of 100,000 petri plates within recent memory (the previous highest purchase was apparently 50000) -which enabled NNLX to get a 20% discount compared to what they would have to pay other suppliers, as per the update and or PR.
You have to have product to sell product-do we need to explain that??. Anybody watching NNLX carefully knows how careful they have been re costs.They didnt buy 100,000 petri plates in that one reported order alone to just wallpaper the walls. Another board reported NNLX largest SALE of 30000 petri plates in one order.
my post said:
you totally miss the point- NNLX did not have to say in their updates that the exclusive license belonged to or was assigned to NNLX,especially if they were planning on doing otherwise-
there is nothing whimsical about fiduciary duty-as the CEO would know since his lawyer relative is one of the directors-Plus their past patent attorney,who owed the same fiduciary duty to NNLX
As I've pointed out many times-fiduciary duty is the highest duty known to the law - dealing w other peoples money -any tech developed w company money belongs to the company- -plus past financials show CEO has been generous w his personal funds loaning to NNLX
if you look at the updates many say the patents in various countries have been granted to NNLX- whether that is literal or de facto true (because of fiduciary duty) doesnt really matter.
Dont accuse somebody of a crime before they have committed it- that has been done by longtime bashers and or past disgruntled ex employees etc here before and the operational libel standard of care as I've detailed before re NNLX is close to standard negligence.
recent PR's have noted NNLX's largest order ever -over 100,000 petri plates at a over 20% discount to other sellers etc so we know they have sales and other comm's either say or imply income is greater than before and that directors are not selling nor making money off stock.
Very careful cost control has been very evident from the sum total of comm's,and the last reported financials showed over a 400% increase in income yoy,so there is no cause to speculate that there are no sales.
History has shown NNLX has been very careful re dilution and either wants to grow internally or, as in the case of the last PR, made a difficult decision to offer for sale patents in Europe and China and perhaps other places to relatively quickly raise the money necessary to fund growth,including the N-Assay.
That a company w this low pps has patents that could conceivably be worth a total of 50 million US for the named geographic areas is extremely fortunate,but bashers misdirect attention to other nonsense or posit ridiculously short time periods to engender dissatisfaction that the unrealistic timetables they propose have not been met in order to accuse the company of fumbling the ball.
When NNLX has enough money they can hire a COO specialist as ca 37%? of big companies do,but don't expect that of a small company w such a low pps.
it would be beneficial for most to reread past updates and PR's to put things in perspective. How does "initial interest" in the patent sales become a negative thing?
There are many seeming shortcuts startups can take such as bad JV's where the money men (JV partner) almost always steals the money-short cuts that destroy many companies-and NNLX has avoided those short cut toxic situations-that doesnt usually happen by accident.
Selling any patent would be a dramatic financial shot in the arm to speed up development and production.
You have to have product to sell product-do we need to explain that??. Anybody watching NNLX carefully knows how careful they have been re costs.They didnt buy 100,000 petri plates in that one reported order alone to just wallpaper the walls. Another board reported NNLX largest SALE of 30000 petri plates in one order.
my post said:
you totally miss the point- NNLX did not have to say in their updates that the exclusive license belonged to or was assigned to NNLX,especially if they were planning on doing otherwise-
there is nothing whimsical about fiduciary duty-as the CEO would know since his lawyer relative is one of the directors-Plus their past patent attorney,who owed the same fiduciary duty to NNLX
As I've pointed out many times-fiduciary duty is the highest duty known to the law - dealing w other peoples money -any tech developed w company money belongs to the company- -plus past financials show CEO has been generous w his personal funds loaning to NNLX
if you look at the updates many say the patents in various countries have been granted to NNLX- whether that is literal or de facto true (because of fiduciary duty) doesnt really matter.
Dont accuse somebody of a crime before they have committed it- that has been done by longtime bashers and or past disgruntled ex employees etc here before and the operational libel standard of care as I've detailed before re NNLX is close to standard negligence.
recent PR's have noted NNLX's largest order ever -over 100,000 petri plates at a over 20% discount to other sellers etc so we know they have sales and other comm's either say or imply income is greater than before and that directors are not selling nor making money off stock.
Very careful cost control has been very evident from the sum total of comm's,and the last reported financials showed over a 400% increase in income yoy,so there is no cause to speculate that there are no sales.
History has shown NNLX has been very careful re dilution and either wants to grow internally or, as in the case of the last PR, made a difficult decision to offer for sale patents in Europe and China and perhaps other places to relatively quickly raise the money necessary to fund growth,including the N-Assay.
That a company w this low pps has patents that could conceivably be worth a total of 50 million US for the named geographic areas is extremely fortunate,but bashers misdirect attention to other nonsense or posit ridiculously short time periods to engender dissatisfaction that the unrealistic timetables they propose have not been met in order to accuse the company of fumbling the ball.
When NNLX has enough money they can hire a COO specialist as ca 37%? of big companies do,but don't expect that of a small company w such a low pps.
it would be beneficial for most to reread past updates and PR's to put things in perspective. How does "initial interest" in the patent sales become a negative thing?
There are many seeming shortcuts startups can take such as bad JV's where the money men (JV partner) almost always steals the money-short cuts that destroy many companies-and NNLX has avoided those short cut toxic situations-that doesnt usually happen by accident.
Selling any patent would be a dramatic financial shot in the arm to speed up development and production.
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