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A copy of the final Complaint and Order to Show Cause has been posted to nanologixlitigation.com.
Ref ants previous post. Bravo! Hopefully the 2 major questions will get resolved. (1) ownership of the patents and (2) the future direction of the co if any. Buckle up buckos this is going to get very interesting.
The Complaint and Order to Show Cause has been sent for filing in Federal Court - District of New Jersey. The final copy will be posted @ nanologixlitigation.com.
As previously stated the only purpose of the Complaint is to seek the court's intervention (1) in deciding who owns or what rights the company, J Faro and Bret have to the technologies and (2) allowing the shareholders to decide if and how the company should be reorganized.
With respect to the question or concern about timing, I anticipate the Court will set a date within 10 days of the receipt of the complaint that the defendants will be ordered to appear in New Jersey to argue why the court should not temporarily bar them from negotiating the sale of, or selling or transferring the technologies or underlying intellectual properties until such time as the matter can be tried and a decision is rendered by the court. I look forward to, as I assume you do, to a resolution of who owns or what rights the company may have in the patents.
Tom
Yes Yman all appears true.....also someone appears to keep trading Nanologix, one trade per month since Jan.......appears someone or a group are unwilling to give it up............Time will have this become more evident I hope.....
Can someone clear this up for me. The CEO has left, no facility, no one in charge and yet the web site is still active. Is this a shell game pretending to still be in business? IDK Maybe someone can explain this.
omar...."have a nice day" you obsessed poster
DP,
"A very interesting perspective now that BB appears to have abandoned the ship...or is something else going on behind the scene..........never seem to get the complete story........."
WOW........ "never get the complete story"....when someone else who made statements like that one, its they blaming others ......LOL
You defended BB for years with attacking others who made simple statements about the company that you didn't like ......you NOW realize your hard work defending him is rewarded with being abandoned, couldn't happen to a more deserving person.....LOL
Deep Pocket,
"Well someone sees value in Nanologix's technology.......interesting development.........might be impossible to get value back but someone thinks it's worth a try...good for them, good luck"
Wasn't it you who was anti-antman ? Attacking him from the start ? Sure change your tune, I guess having your boy BB abandoning you finally knock some sense into you. Some people have to learn the hard way.
Deep Pocket,
More nonsense from you, get some therapy for your so called entertainment here.
Not sure bout that Yman.....Trump going for a record number of offenses..........Ant has a long road to get compensation
If the court does schedule ants complaint it looks like Bret and the faro's will be spending more time in court than Trump.
some folks are just born to be stupid.......get some therapy for your peace of mind
Well someone sees value in Nanologix's technology.......interesting development.........might be impossible to get value back but someone thinks it's worth a try...good for them, good luck
Ref previous. Here you go https://nanologixlitigation.com/
The ant man is alive and reacting. See post on another board. Important info.
Can't see this going anywhere since as you say the company doesn't legally exist and hasn't for quite some time. Seems like it's only a name on paper at this point. I hope the court accepts this and makes a ruling.
Also, what happened to the class action suit you are/were trying to get for shareholders?
Just wondering as it's been awhile.
DP,
"can not expect you to be intelligent all the time.....not for every one"
Hi erickarther, see I can be intelligent I see right through your posting....I bet you are rooting for Ant now ...I guess you're going " let it go" for your love for BB ?
can not expect you to be intelligent all the time.....not for every one......"let it go" is about you blaming others for your plight........
DP,
"omar...give us more of your conspiracy theories..what do you think really happened?..."
Here is a theory......... you are erickarther on another board and you just rapid fire off two posts about Ant's posting here........"just let it go" LOL
The complaint is self explanatory. The only thing going on is I am asking the court (1) to decide who owns or has the rights to the patents and until it can make that decision to prevent Bret or Faro from negotiating the sale or transfer of them, AND (2) to order a meeting so the shareholders can decide if or how the company is reorganized. No where in the complaint do I seek any personal benefit. Assuming the court does that, at that point I and possibly other parties be it Bret, Faro, etc will have an opportunity to present a proposal to you the shareholders to reorganize the company. My proposal backed by millions of dollars will include an assurance of retention of 100% of the stock shareholders own today and a relisting of the shares OTC.
in the meantime I have communicated to Bret and Faro that I would be interested in considering any proposal they may have to avoid protracted litigation.
This will be my last communication here. If/when I have an update it will be posted @ nanologixlitigation.com.
Thanks
Tom
Ant4,
Good job !
"(1) precluding Bret, J Faro and/or any other 3rd party from discussing, negotiating, transferring or selling the patents, "
I wouldn't be surprise they were trying something which didn't include the shareholders....How anyone cares about someone who abandon them like they did is beyond me. Hopefully something meaningful happens from this.
DP,
"A very interesting perspective now that BB appears to have abandoned the ship...or is something else going on behind the scene..........never seem to get the complete story........."
My guess they would sell whatever they could and the shareholders wouldn't be included.....but go ahead and misdirect with stupid stuff like "you don't let it go".
Dp,
Obviously you can't let it go you keep posting here, LOL
A very interesting perspective now that BB appears to have abandoned the ship...or is something else going on behind the scene..........never seem to get the complete story.........
A new legal action against Nanologix, Inc, Bret and the Faro's is being filed in Federal Court - District of New Jersey. The complaint can be viewed at nanologixlitigation.com. The complaint alleges, in part, that Nanologix, Inc is the rightful owner of the n Assay and RVA patents and therefore the Court should order an assignment of them to Nanologix, Inc.
In view of the fact that Bret has announced he has resigned from being an officer and director as of 12/31/23, and the Faro's were never duly elected to serve as directors and/or resigned, the Complaint / Order to Show Cause seeks an order of the court (1) precluding Bret, J Faro and/or any other 3rd party from discussing, negotiating, transferring or selling the patents, (2) appointing a receiver or other person(s) to take control of the company, its assets and affairs, and (3) the scheduling and conducting of a shareholders meeting.
The filing of the complaint and Order to Show Cause is straight forward with the only purpose(s) being for the court to intervene on the issue of who owns the patent(s) or the rights to them and to allow the shareholders to decide if and how the company is reorganized now that all officers and directors have abandoned the company.
I look forward to working with ALL shareholders in an effort to finally resolve these matters.
Tom
omar...give us more of your conspiracy theories..what do you think really happened?..............Some investments make money for investors and some do not, fairly straight forward........Some investors can not admit they picked a loser, can not let it go, need to blame others........anybody you know omar?
Deep Pockets,
"but until that happens a light still shines somewhere..........."
Just let it go ! Practice what you preach !
Deep Pockets,
"omar you act immature."
Says the person who treats this board as his "entertainment". Your tendencies are weird.
omar you act immature...... I never told you not to post......Please see someone for your ...what appears to be micro obsessive tendencies.........and by all means omar " have a nice day"
DP,
Practice what you preach....I see you hanging around.....don't tell people what they should do, you aren't anyone special. As long as this board is still around I have every right to post to it.
Just let it go omar
Deep Pockets,
I feel sorry for you too !
You can't tell a tree from the forest.
omar , I feel sorry for you......Some folks here just do not see the forest thru the trees........At this point in time we all made a bad investment. Stop blaming others, get over it and find a new home for your thoughts............
DP,
"At some future date those with many shares will need to do as well........I suspect BB and those in his circle will be looking to liquidate all shares.......When that happens it will be the end...........but until that happens a light still shines somewhere..........."
l guess this is from the inner circle talking ? Who will buy those shares ?
From what I read from the posts here BB won't be selling his, he thinks he is owed millions and nobody going give him that so shares of his won't be available.
At some future date those with many shares will need to do as well........I suspect BB and those in his circle will be looking to liquidate all shares.......When that happens it will be the end...........but until that happens a light still shines somewhere...........
Sigh. My question now is when and how to claim my losses. It’s been interesting since 2007, I will give it that.
Yman,
"ronclaw: "...he said that shareholders were hostile to him and he didn't feel obliged." How childish can you get. Doesn't he realize that shareholders are more than the few that post on a message board. What a woozy. I'm beginning to think there's a much deeper problem going on in this guys mind. "
He's a terrible CEO, with his communication skills and reasoning abilities it's easy to see why this went the way it did.
Only a few here, but guessing even the some of the devolved cult members started to ask the serious questions the ones he wasn't mature enough to answer. His bragging only could take it so far.
ronclaw: "...he said that shareholders were hostile to him and he didn't feel obliged." How childish can you get. Doesn't he realize that shareholders are more than the few that post on a message board. What a woozy. I'm beginning to think there's a much deeper problem going on in this guys mind. Time for an intervention? Opinion only.
The ant came marching one by one Hurrah said omar Hurrah..........then crickets
omar....what happened in the year 2012 is not pertinent today. The ever changing technology in the field Nanologix was attempting to enter out dates innovated discoveries yearly.......let alone 12 years ago.........The past can not be changed omar........look to the future
Yman,
Here is a blast from the past....so many things happen and now nothing....
Company Update - Feb. 9, 2012
Over the past year, major developments at NanoLogix have drawn the attention of food processors, medical and veterinary facilities, universities, major diagnostic kit producers, government agencies, large and small clinics and hospitals, and various labs. Interest in our products continues to grow among both domestic and international entities.
Our BNF (BioNanoFilter) technology was covered in a peer-reviewed publication in the November 2011 American Journal of Perinatology. Additional papers by independent third-party researchers covering testing results for Group B Streptococcus, Tuberculosis and six additional bacteria utilizing both BNF and BNP (BioNanoPore) technologies are currently in various stages of draft and submittal to major science and medical journals.
It is important to note that Nanologix has experienced notable product innovation during just the past two months. While executing testing and research activities, our partners have discovered extraordinary product performance improvements. The output from these third party efforts is leading to a series of changes with BNF diagnostic procedures. These developments are undergoing an intensive and accelerated battery of tests, the results of which remain confidential and sensitive and cannot be divulged until publication.
We have exhibited our BNF and BNP technologies at multiple events: the American Society for Microbiology (ASM) Biodefense and Emerging Diseases Meeting and the BPM-media Food Safety Summit, both in Washington, D.C., and at the ASM annual meeting in New Orleans. Two questions recur at these events: “Have peer reviewed third-party papers been published?” and “Do your products have FDA approval?” As of this year our answer is: “two papers” and: “We are working with an experienced third party on FDA applications.”
NanoLogix received notification in July from the BioStart business incubator in Cincinnati of the unexpected closing of the laboratory facilities we had occupied since 2006. This was a subsidized facility, with distinct economic advantages for all 18 client companies. After an unsuccessful search for a replacement facility in Cincinnati, NanoLogix saw this as an opportunity to relocate the lab operation to our Hubbard, Ohio headquarters, allowing us to centralize R&D with production and administration. Relocation of NanoLogix laboratory facilities began at the end of September. Full laboratory operations resumed in December with a new science staff and significant equipment upgrades. The move and establishment of a fully equipped laboratory was a major achievement for NanoLogix. In a very short time period, we accomplished the entire process, from hiring qualified new scientists to replacing the Cincinnati-based staff, through the purchasing of new equipment.
Financial Matters As of 1 February 2012, the company has 115,998,796 shares outstanding out of an authorized limit of 200,000,000 shares.
Our current monthly operations costs are approximately $60,000.00 That amount does not include the costs of FDA applications, NanoLogix-funded studies, other tests of our products by third parties, and new patent applications. At this point, NanoLogix is funded almost entirely by private placement stock sales, with approximately 25 qualified investors providing funding in exchange for common stock restricted from market sale for one year from date of issuance. To our knowledge, the majority of the private placement shares are retained by the investors after the one-year maturation. The company does not sell shares on the open market. That cannot be done without a new public stock offering and we foresee no justification for that to occur.
Global in vitro diagnostics is currently estimated to have an annual value of $44 billion USD. NanoLogix’s management is focused on positioning our BNP and BNF technology to enter and capture a significant portion of that market. We believe that businesses, and indeed whole industries, that need or supply diagnostics will choose our faster, simpler and cheaper technology over expensive, highly complex equipment that cannot differentiate between live active-threat and dead bacteria.
NanoLogix recognizes the threat our small company poses to suppliers of existing diagnostic technologies. As any company that has evolved from pure R&D to mass production can attest, the transition phase entails unique costs. NanoLogix has met those costs in preparing a manufacturing facility for production, building out a fully operational laboratory, and developing three different levels of diagnostic kits. In view of potential market impact for what could be the fastest active-threat diagnostic technology in the world, it would be strategically ill-advised to reveal our current financials at this time. The Board of Directors is in unanimous agreement on this strategy.
After consultation with Broadridge, a provider of shareholder meeting services for corporations, NanoLogix determined that the total cost of a shareholder meeting, either real or virtual online, lies in the range of $30,000. That is in consideration of the fact that the company now has over 3,000 shareholders. Practically all funds spent by the company have to be raised via private stock placement. With vision towards investing in crucial steps including patent filings, FDA approval applications, and testing recent discoveries, NanoLogix is delaying its virtual shareholder meeting until after our technology receives FDA approval and an increased revenue stream has been established.
We have been contacted by a number of companies domestically and internationally regarding business ventures and collaboration and are currently in talks with one Middle Eastern, two Turkish, and one Indian company interested in licensing, local production, and regional marketing.
NanoLogix has unilaterally cancelled a letter of appointment it had with Advanced Medical German Company, a Kuwaiti company. The Kuwaiti company had financial responsibility for a planned clinical study in Europe that did not happen.
Technology & Recent Developments Over the past three years, NanoLogix has benefited from extraordinary relationships with several institutions. These have led to exponentially reduced detection and identification times, plunging from days to hours to – very recently – minutes. This outreach and teamwork is leading to advances that will change the future of diagnostics. That is a huge claim. It is being borne out in tests at this moment.
NanoLogix’s BNF technology is currently being tested by the University of Texas Health Science Center (UTHSC) in Houston in a 300+ patient clinical study for detection and identification of Group B Streptococcus (GBS) in pregnancies. More than 280 patients in that study have been tested as of this date. Of significant note, this and other studies have resulted in improved protocol for use of our kits, which have now been protected with new patent applications/registrations. Prior to this study the standard lab culture time for GBS was 48-72 hours for detection and identification, plus additional time for determining antibiotic sensitivity. Initially, in 2010, tests using the BNF with GBS done in-house by NanoLogix provided results in about 15 hours, a remarkable reduction in detection and identification time. When NanoLogix teamed with the UTHSC-Houston to refine the test protocol, results began coming in at 4-6 hours. These results included detection, identification AND determination of antibiotic sensitivity. The importance of the results cannot be overstated, as the health of mother and baby depend on the most rapid determination of the presence of infection prior to birth.
In a stunning development that began in December, in studies by a yet-to-be-named third party, results have been attained for GBS, Anthrax, and other bacteria in one hour or less using the BNF.
Tuberculosis (TB)
TB has grown into a modern plague of almost Biblical scale, infecting an astounding one-third of the planet’s population, and killing 1.5 to 2 million people annually. NanoLogix has recently joined the World Health Organization’s StopTB Alliance in the effort to fight this threat.
Using NanoLogix BNP technology, researchers at an independent third-party R&D facility have recently attained results for TB live active-threat-bacteria detection within 4 days. Standard times for culturing live active-threat tuberculosis generally run into weeks.
Developments in the past several weeks indicate possible BNF test results for detection and identification of live active-threat bacteria TB within hours. This would contribute a major new weapon in the fight to eliminate TB. Not only is it vastly faster than other culture-based technology, it also promises diagnostics far cheaper and field-worthy than other technology…and with the ability to discern between live active-threat and dead bacteria, a vital identification which other technologies do not provide.
Food Safety
As it continues to explore other fields with market value, NanoLogix is developing its BNF product for early screening of a specific strain of Listeria. We are in the process of refining antibodies that should provide the ability to specifically differentiate the targeted strain from any others. This work is being done for a major food processing company in the United States.
Water Safety
In 2010, NanoLogix entered into a C ooperative Research and Development Agreement (CRADA) with the United States Environmental Protection Agency. One of the main microorganisms selected for detection is Cryptosporidium, an amoeba that caused the worst outbreak of waterborne illness in US history in Milwaukee in 1993. Recently NanoLogix achieved test results for Cryptosporidium with BNF technology in 3 hours. Standard detection and identification time is 14+ days.
New Patents Granted and New Filings In 2011 NanoLogix was granted patents for its BNC technology in the United States and China.
In 2011 the company filed a patent for a novel vacuum packaging for its petri dish kits called the “flat pack.”
In 2012 the company filed a unique application for the use of Aptamers with NanoLogix detection and identification technologies. According to our patent firm, this is the first known application for the use of aptamers in bacterial diagnostics.
Collaboration and Partners The management team at NanoLogix views the company’s relationships and collaborations as vital links to research, development, and professional communities. Over the past three years, in good faith, the company has volunteered to announce or refer to arrangements, agreements and associations with two companies, a university hospital, and one US agency. Each of those entities has been contacted via email and telephone by persons identifying themselves as NanoLogix shareholders and requesting the equivalent of insider information concerning our business arrangements and technology results. NanoLogix has confidentiality agreements in place with each of these entities. The scientists and physicians who received these contacts consider them unethical behavior. If not for NanoLogix’s strong professional relationships with these researchers the company could have incurred significant damage. With regret, NanoLogix will no longer elaborate on business relationships until they enter advanced stages.
This is the most exhaustive operations detail furnished at any time by the company. We trust that for those who understand the unique position NanoLogix occupies with potentially world-changing diagnostics technologies, this update is informative and helpful.
Bret T. Barnhizer, Chairman of the Board, CEO
Daniel D. Barnhizer, Esq. Director
John Chatterton, Director
Jeffrey Long, Director
Ronclaw,
He acted like he cared for shareholder in the past here is something only a real old timer would remember......."as revenue is what we owe to the shareholders, not just practice
in conducting R&D."....now he doesn't feel he owes the shareholder a message...
Thanks for the thoughts on the recent news. I can provide some
information on what we think will happen soon:
We believe that we will have significant revenue by year end. The
sales just for one day of testing for a major lab can be thousands of
dollars.
Money received in the near term will go for BNC/BNP production and
sales, with bioreactor R&D following. We are a business--- if our
scientists suddenly came up with a formula to produce the best-tasting
chocolate in the world, we would be selling chocolate before anything
else, as revenue is what we owe to the shareholders, not just practice
in conducting R&D.
The interview was done on the 8th, the 247MGI company is apparently in
a state of flux, with management changes and frequent downtime for
their website. After participating, I did not hear the interview, but
our office staff liked it and I have sent an email to Matt Dwyer with
247MGI asking for an update on when it will be available from their
archives.
My opinion is that the share price is down because of former insiders,
with no basis cost for their shares, either selling out of desperation
for money or some other reason that I would venture is less than noble
intent.
Best regards,
Bret Barnhizer
Yman,
He did produce something..... extremely feel good releases.....if he would have capture a portion of that billion dollar market he would have had his millions....how "well" position were they.....? He sure talked it !
2019.....
Global Diagnostics Market
• In the US alone, the market in diagnostics is expected to grow to 20 billion by the year 2022.
• Globally, this is anticipated to reach 31 billion by 2026.
• Given the unique features of the N-Assay (its ability to identify a pathogen and simultaneously determine the correct antibiotic to guide treatment), its ease of use (may be developed as a point-of- care test, which may be used at the patient’s bedside, in the clinic, or even at home), its low cost to manufacture, its high rate of accuracy (see publications listed on next slide), and its ability to differentiate between viable and non-viable pathogens, this assay is well positioned to dominate the market.
Exploremore,
"We might have that scenario but who knows? if only there were some sort of records (financials)! Until then it's internet hearsay."
Someone wants to believe BB busted his rear, forked over loads of his own money, put in many hours, and just slaved over the company, but did he, where is any proof ? Would a man who put his all into something just walk away ? I believe if he was someone who was really dedicated he would have found a way and not walk away. I want to believe he walked away and not tell the real reasons because it would have shown his incompetence as a CEO, he has too much pride to do that. I wouldn't be surprised if Ant's talk of the company being voided is true and once he realize his leadership steered the company into that position it was checkmate and he walked away.
Also, wasn't it a just a 2 or 3 years ago on FB him posting how he spent a lot of hours during the days fixing his house ? Why wasn't he at the company spending time there ?
We might have that scenario but who knows? if only there were some sort of records (financials)! Until then it's internet hearsay.
Yman,
" If I ever grow a set I might tell shareholders what happened."
What if the truth is what Ant says about the company being voided ? What is BB going do admit to that ? I don't think so.
In brets mind. Wow is me. I think I'll have a pity party and shareholders be damned. Although I've produced nothing I'm owed millions. If I ever grow a set I might tell shareholders what happened. Until then .... you all. Opinion only.
Ronclaw,
" I told him that he owed a communication to shareholders, but he said that shareholders were hostile to him and he didn’t feel obliged."
He talked the tech up with his many releases so it's his own fault and he sent out a message saying he would take on the burden and get this back to same trading status it once was and then he didn't and I would believe many feel trapped because he didn't do what he said he would. So why be surprised some may be hostile ?
"He said he was done investing his time and money into the Company, which he said owes him millions."
I'm guessing he is going take what he can and try to get some of that money he thinks he is owed. Shareholders won't be included.
"He pulls the plug on the business with no update to stockholders. Wow."
I believe he never really cared for the shareholders judging by the way he treated them through the years.
DP,
"So might we have a scenario where BB worked without collecting salary for hundreds of hours, loaned the Co. money, begged borrowed and sold is ass to keep doors open..........while others believed the hype, invested hard earned moneys, did not get communication to their liking, turned sour, complained and made a difficult job more so ( hello ant, omar for two )............Bottom line ... the tech was not readily marketable............however BB should make some communication that Company is now dead or other."
If he hasn't given communication to the shareholders about current status of the company by now he won't. My opinion he thinks he is entitled to some money and likely going try to get it without the shareholders in on it ? Not sure he can since he appears to not be able to do anything meaningful this whole time and it's going change now ? He doesn't have people skills, just look at all the people who have came and went through the years.
So might we have a scenario where BB worked without collecting salary for hundreds of hours, loaned the Co. money, begged borrowed and sold is ass to keep doors open..........while others believed the hype, invested hard earned moneys, did not get communication to their liking, turned sour, complained and made a difficult job more so ( hello ant, omar for two )............Bottom line ... the tech was not readily marketable............however BB should make some communication that Company is now dead or other.
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