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NanoLogix, Inc. Message Board

  • the_rail_splitter the_rail_splitter Feb 19, 2011 9:48 PM Flag

    Will Nanologix Be Successful?

    Characteristics of successful companies (ones that have stood the test of time, think: Microsoft, WalMart, etc.) and their managers:

    1) Focus on "clock building" as opposed to time telling.

    Companies that focus on the short-term tend to fail while those focused on the long-term tend to succeed.

    Nanologix did not rush to push their product out into the market right away, instead the company worked on validating the product and continues in this effort. The more "big names" behind the product the bigger the product will be. Nanologix is also inventing new products (consider the Quick Test) to make sure it is not a one-trick pony.

    2) Care less about profits and more about their mission.

    Nanologix, and particularly Bret, has shown this in several ways. First, the CEO cut stock options for himself and the board, putting the company first. Once again, did not rush the product out the door- worked (working) on polishing it first. Bret always says how he is "building a business" and not a share price. As a large stakeholder Bret stands to gain in a large way from an inflated share price--- however, the company is his concern--- not lining his own pockets.

    3) Set lofty goals.

    Nanologix used the word "domination" in regards to the GBS market. Not "penetration" or "capturing a portion of," but domination. This is a strong example of setting big goals. Not to mention, the company already has a goal of entering the international market. That is a huge undertaking for a company that is just starting out.

    4) Have cult-like cultures.

    There is a cult-like following by shareholders but I don't know enough about Nanologix's inner-workings to say the company culture is cult-like. All I know is that Bret tends to keep people from the inside in. No clear evidence of #4 yet.

    5) Experiment, make mistakes, but continually improve.

    Not enough time has gone by for #5 to be determined.

    As a young company, Nanologix is already exhibiting 3/5 characteristics of the most successful companies. Can Nanologix continue in this direction and continue to build upon a strong product and strong foundation? Will it hit 5/5 of these characteristics?

    As a shareholder I challenge management to create a company with these types of characteristics.

    I am optimistic that they can. Time will tell if they will. We are on the right track though.

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