Any new product first starts with an idea to fill a need. The "what if", if you will. What if we could develop a product that could detect.......faster. Could we make make it affordable, easy to use, produce equal or better results and how much demand would there be?
Do we have the expertise and could we accumulate the talent to develop a proven prototype? Are their others who believe in our vision and willing to invest? What approvals are needed to go from the idea stage to production to revenue?
It's a complicated process that doesn't get accomplished as fast as we may like. It can take years to go from the drawing board to production.
I see NNLX in the final stage, preparing for, applying for and receiving FDA approval. There are those who will always want revenue yesterday. No stage of development is fast enough. We see that often here.
If you've invested in this start up I'm sure you have an understanding of the process. If not, you probably should be in a well established co. If course the reward potential will most likely be much smaller.
Look how far we've come since we started, where we are today and where we are going. My impression is we are almost there. imo
"Mr. Weinstein is among the most vocal bears, though his track record leaves something to be desired. According to Hulbert Financial Digest, which tracks newsletters, his market-timing services have significantly underperformed the broad market. Mr. Weinstein said Hulbert's methodology was unfair, but he declined to provide specific information."
"In a statement to subscribers a week ago, Mr. Weinstein expanded his forecast beyond the small stocks to include the broad market. The bear market has already begun and "is likely to last well into 1997," he said, with "the potential to go significantly lower."
Manta list Stan's company as only generating $1.2 - $2.5 million per year. Most of it comes from book sales and newsletter subscriptions.
Petro wrote<<Simple question: can Nanologix sell to the food industry WITHOUT FDA Approval? Seems since FDA stands for FOOD and Drug A... that THEY have the authority to regulate. Is this correct?
Can Nanologix sell with ONLY AOAC?
My understanding is FDA approval is REQUIRED. AOAC is a nice to have and might make sales easier, but is not required. Is this accurate. Yes or No?>>
Petro ask a lot of questions and doesn't seem to KNOW much. How about asking the company and report back when you have some answers.
"Simple question: can Nanologix sell to the food industry WITHOUT FDA Approval?"
I think the more logical answer is to do so with a question. Are they currently doing that? I think everyone knows that answer.