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.
That's right War.
"NNLX. It is a major step advancement without necessitating major expenditure. No million dollar cell counters, no expensive polymerase chain reaction machine, just a little nanochannel sitting on a nanofilter sitting on a petri dish."
Most well said, swan.
Badbilly wrote<<Why would you invest your money in a stock that you have so many problems with (management, production, timing, results, shareholders, facilities, etc.)Problems that you feel so strongly about that you feel the need to post negatively day and night. Surely there is a stock out there that you feel more comfortable with that you don't have to post negatively for up to 10 hours a day.
Two plausible answers (both bad)
1. You invest for entertainment purposes(which you have already admitted). This makes you an idiot. You have no credibility at this point and your opinions are worthless when you admit this.
2. You bash the stock trying to manipulate the share price. If this is your angle it makes you a crook. Again no credibility.>>
Look I said it's entertaining to me reading people like yours and others posts. It's Like Jerry Springer show but much better, I never said I was entertained by investing money into something that loses money for me ! I really wish the TMC trials would finish and every pregnant woman had their V swabbed and Nanologix was selling kits like crazy.
Why do you have a hard time believing this stock is a gamble to me ? I hope NNLX finally does do something but this stock seems like a hot date that has potential to be great but as time goes on one wonders is she ever going put out ?
I do hold shares in others things, I own plenty of XOM, I own some silver(which btw is doing awesome !) and I own many handguns and rifles which are great investments.
So that is my answer to you. You want the answer to be something in your mind explains me perfectly, call it side-step or whatever, you obviously can't handle my answer.
Badbilly<When we get good news like this and our share price jumps 15% in a matter of minutes suddenly our long time shareholder Omar gets lockjaw. Wouldn't it seem that as a shareholder you would be happy with these events? I know I am!!! Hmmmmm................Curious.>>
You're crazy, I wrote a reply recently to Yousoundlikeageek, that I hope Otwon would win the bets on the $1 by June 2010 and 10 trading days over $2, does that sound like someone not hoping for an increase of PPS ?
You like most here love to believe what you want to believe !
Badbilly wrote<<Of course he is a basher, his obvious lack of intelligence in his post shows why he must work in such a capacity.>
I'm going guess nobody was stalking you and your family so you're back ?