callmeacab
2 years ago
I was just reading the last 10-Q (2nd Qtr 22) and came across this note. There goes the last remnant of what this company could have been and the only reason that I have held onto my remaining share. After 35 years, I think it's time to say "It's Over for Good"
NOTE 2 – DISCONTINUED OPERATIONS
Effective May 31, 2022, we sold a 70% interest in our subsidiary ANI to two of its officers and long-term employees in exchange for a promissory note in the face amount of $450,000. The note bears interest at 7% and has semi-annual payments of principal initially in the amount of $20,000, increasing to $25,000 in May 2024 and to $30,000 in May 2026, with a final balloon payment of $80,000 due on December 31, 2029. The note is secured by a stock pledge, described below. In conjunction with the sale, we recognized a one-time gain of $1,148,225.
In connection with the sale, the capital structure of Applied Nanotech was changed to give us, as the holder of Class B common stock of Applied Nanotech, a 30% economic interest, certain information rights, special consent rights, and tag-along rights, as well as the obligation to sell our stock under certain circumstances if other stockholders are selling. The Class A stock acquired by the buyers was pledged to secure the promissory note given in payment of the purchase price.
jcseeker
2 years ago
Anyone find this of interest?
A glimmer of hope ,,, Last few lines regarding the SEC making a decision within months??? They can rule against them within hours and take 2 1/2 years to review the infomration they orginally made regardiing the suspension. HAHA
United States Court of Appeals
FOR THE DISTRICT OF COLUMBIA CIRCUIT
____________
No. 22-1021 September Term, 2021
SEC-Rel34-88789
Filed On: June 29, 2022
In re: Nano Magic Holdings, Inc.,
Petitioner
BEFORE: Henderson, Wilkins, and Katsas, Circuit Judges
O R D E R Upon consideration of the petition for writ of mandamus, the opposition thereto, and the reply, it is ORDERED that the petition for writ of mandamus be dismissed as moot in part and denied in part. Insofar as petitioner seeks a writ of mandamus compelling the Securities and Exchange Commission (“SEC”) to resolve its motion to compel, the petition is moot. See In re Nano Magic Inc., Release No. 94818, 2022 WL 1288188 (Apr. 28, 2022) (denying motion to compel). Insofar as petitioner seeks a writ of mandamus compelling the SEC to rule on petitioner’s petition to terminate the trading suspension, the petition is denied. Petitioner has not shown that the SEC’s delay at this time is so egregious or unreasonable as to warrant the extraordinary remedy of mandamus. See, e.g., Telecomm. Research and Action Ctr. v. FCC, 750 F.2d 70, 79-80 (D.C. Cir. 1984). In addition, the SEC has indicated that it has made significant progress towards a decision on the petition to terminate and expects to issue a decision n the coming months. The denial is without prejudice to refiling in the event of significant additional delay. Pursuant to D.C. Circuit Rule 36, this disposition will not be published.
Per Curiam
Scramus
2 years ago
Newly listed SBIR descriptive contract that appears to have been announced earlier.
"Approved for Public Release | 22-MDA-11102 (22 Mar 22)"
Manufacturability Study for Flexible Printed RF Elements
[Snip]
Amount:
$1,484,428.00
[Snip]
"Significant effort has been expended into the advancement of flexible, additively manufactured (AM) electronic systems. Less well studied are the effects of additively manufactured RF elements such as antennas, waveguides, and their required interconnects. Primarily, with respect to AM RF elements there is insufficient engineering data to rationally choose the ink materials and substrates and corresponding AM production process to predict the resulting RF and thermal system performance. There is an unmet need for the characterization of the RF performance of additively manufactured antennas and wave guides using additively produced conductors on various flexible substrate types and an unmet need for known-good antenna using only non-destructive characterization. ...."
https://www.sbir.gov/sbirsearch/detail/2237399
jcseeker
2 years ago
Unless I'm missing something, it doesn't seem like NMGX made the Open Call vendor list but it seems that Walmart is allowing them along with several other vendors to sell online through Walmart. Not surprisingly though nothing has been said from the company. I did see through an online video were this company made the Walmart approved list. https://z-clear.com/ and their product doesn't even need NANO TECHNOLOGY. :)
Maybe there is hope though they've been trying to get this right for 45 years. We just need to wait on NMGX awhile longer. :(
"Z Clear is a family-owned company and has been operating for over 45 years. Davids’ grandson, Chris Ward, continues his legacy in Ogden, Utah by improving the design of manufacturing, distribution, marketing and the best anti-fog and eyeglass lens cleaner solution available. Made by hand and in small batches, Z Clear is reinventing the way an eyeglass lens cleaner can be used. Each jar and bottle contain strong anti-fog properties, scratch-filler effects and non-alcohol soap for killing germs and bacteria – making it the best all-around anti-fog and eyeglass lens cleaner solution you can find."
My take... This is a tough sector to be in (which we all new) and the outlook looks bleak. Hopefully Mr. Fink can give spark to the APNT line of technology and patents and something new and fresh will come from this, otherwise besides the stock delisting the Berman crew has steered this ship into a reef.
Scramus
2 years ago
New WalMart Pitch Video per twitter
about 4 hour old now:
https://twitter.com/purplenanomagic
My former employer would not allow a fork lift to be used
with a device like that. Hydraulic system can fail, or mechanically
fail, or damaged in any form while lifting high can lead to a spectacular
crash. I did that once. And a driver was required to make eye
contact with everyone around them at all times, turn off key when approached,
and wear a seat belt. I don't see one. Need high visibility safety vests also.
Shoes need steel or composite toes--OHSA rules ya know. Bump caps, please.
wannabeeriche
2 years ago
Let me try!
I too read and tried to keep abreast of new technology and now realize the error of my reasoning.
No, this is not a comedy this is the new normal. What you think is the right way of doing or saying something is actually the opposite now. It is all quite logical if you can channel your thinking into the crazy woke realm.
Example: The President of our country tells the Naval Academy cadets that he had a chance to attend the Academy in 1965, but opted out because he would play second fiddle in football to Roger Staubach. The reality is Biden graduated from Delaware University in 1965. Roger graduated from the Academy in June 1965. Biden didn’t play football in college. Biden’s grades were too bad to get into the Naval Academy. Does this make any sense? NO, but nobody seems to care. Crazy, right! What do World leaders think? How does Biden remain in office?
Children in the United State are currently lacking in basic education and our educational experts think the critical curriculum in our schools should be focused on identifying a child as a he, she, it, they, them, those, or whatchamacallits.
So you see APNT, NMGX, PEN, may have been way, way ahead of their time and at the vanguard of the You Ain’t Gonna Believe What We Do Next Movement.
Scramus
2 years ago
Press Release: Nanotech Divergence
"NANO MAGIC SELLS MAJORITY INTEREST IN APPLIED NANOTECH TO EMPLOYEES AND ELECTS DAVID SHERBIN TO BOARD
MADISON HEIGHTS, Mich., May 27, 2022 (GLOBE NEWSWIRE) -- Nano Magic Holdings, Inc. (OTCMKT: NMGX) (“Nano Magic” or the “Company”), a leader in nanotechnology-powered cleaning, protection and anti-fog solutions announced that effective at the end of the month it is selling a majority interest in Applied Nanotech, Inc. (“Applied Nanotech”) to the employees of that subsidiary..."
https://www.globenewswire.com/news-release/2022/05/27/2452119/0/en/NANO-MAGIC-SELLS-MAJORITY-INTEREST-IN-APPLIED-NANOTECH-TO-EMPLOYEES-AND-ELECTS-DAVID-SHERBIN-TO-BOARD.html
wannabeeriche
2 years ago
Have I Wasted All These Years? Don’t Answer!
AUSTIN, TX and VALLEY VIEW, OH--(Marketwired - Mar 11, 2014) - Applied Nanotech Holdings, Inc. (OTCQB: APNT) (Applied Nanotech), a global leader in nanotechnology research and development, and NanoHolding Inc., the parent company of Nanofilm, Ltd. (Nanofilm), a private company with a leading market position for specialty optical coatings, cleaners and nano-composite products, today jointly announced that their respective Boards of Directors have approved an agreement and plan of merger and exchange. Under terms of the agreement, a new company named PEN Inc (PEN) will be created. Upon completion of the merger, current Applied Nanotech stockholders and holders of certain debt convertible into Applied Nanotech's common stock are expected to own approximately 38% of PEN's outstanding common stock, and owners of Nanofilm are expected to receive approximately 62% of PEN's outstanding common stock. Scott Rickert, Ph.D., the chief executive officer of Nanofilm, will become the chairman and chief executive officer of PEN.
Based on 2013 pro forma historical financial statements of Applied Nanotech and Nanofilm, assuming the merger had occurred at the beginning of 2013, PEN would have had 2013 revenues exceeding $13 million. Projected 2014 revenues of PEN are anticipated to be greater than 2013 pro forma revenues, generating positive operating income, not including transaction expenses.
This transaction will combine the technology portfolios of Applied Nanotech and Nanofilm, to be catalyzed by Nanofilm's experience in consumer and industrial product commercialization for worldwide markets, thus enhancing PEN's ability to gain greater value from its intellectual property. PEN was created to build a platform for a higher rate of expected revenue growth based on increased capabilities in intellectual property, key personnel, development facilities, operating facilities and customer relations to aggressively pursue product commercialization. PEN anticipates future acquisitions of companies that have strong intellectual property but are in need of commercialization expertise, as well as companies whose products can be advanced by PEN's technologies.
"PEN offers an exciting opportunity for Applied Nanotech and Nanofilm shareholders to share in the growth of the combined company," said Dr. Rickert. "Customers and consumers will be served by new products that incorporate nanotechnology, the science of small, to accomplish big breakthroughs. The name PEN is derived from 'products enabled by nanotechnology.' I am ready to show how a disciplined business approach can transform scientific innovation and bring next-generation products to the worldwide marketplace."
Scott Rickert, an early nanotechnology entrepreneur, founded Nanofilm in 1984. Nanofilm distributes a variety of products in dozens of countries across the globe.
wannabeeriche
3 years ago
Chillin' and Waiting and Wishing and Hoping and Prayin'.
Effective May 13, 2021, the Board elected Lara O'Connor Hodgson to serve as a director. In approximately a week it will be a one year anniversary for Lara and still waiting to see some positive accomplishments. Also one year since they told Todd Lunsford don’t left the door hit you in the….
“LEVEL UP”
… enormously validating… Small business owners who feel lost in the trenches should give this a look.” — Publishers Weekly
“A practical, how-to manual with examples and actionable principles for founders looking to innovate, break free and move forward.” — Financial Times
Words I hope will inspire and motivate the stock price: INNOVATE, BREAK FREE, MOVE FORWARD OUT OF THE TRENCHES
I can personally attest to witnessing executives so taken with presentations at a motivational seminar they managed to incorporated that same enthusiasm for almost a week at work.
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Lime Time
2 years ago
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