Out of curiosity on the trading activity I called the CEO and asked if there was anything he could share as insight. He said there was nothing on the part of NanoLogix going on, production and development are ongoing. He mentioned that one company called Nevada Trust, where there are some clients who have NNLX shares, informed their clients that they are no longer going to be trading in ANY penny stocks and the clients have to move whatever penny stocks they have out of their accounts. I asked if he knew how many NanoLogix shareholders would be affected and other than one or two, he did not. He did say he didn’t believe there were many, based upon Nevada Trust charging one cent per share for each trade and
NanoLogix shareholders are generally too shrewd to get caught up in a commission schedule like that.
So my thought is someone’s cleaning out their account.