Responding to a Blogger Regarding Nanox Imaging

Recently a blogger who posts frequently on Motley Fool posted an article titled, “3 Red Flags for Nano-X’s Future” which can be seen here. Saying you should definitely not hurry to buy a stock at a dip is a big statement. This reminds me of the golden years where people thought Tesla was just going to go down under in 2018. In every innovative company there are going to be naysayers. I get that it is very early for Nanox at this stage. That is the whole point, and you may be investing at a perfect time. I rather invest at a stock when I think it is really early but going to gain momentum and rocket, rather then during a time it is gaining momentum and rocketing.

Anyways, the three red flags are just reiterations of points already mentioned by short sellers. These are points that I offered rebuttals or tried refuting multiple times already. I mentioned how R & D works, development budgets, and how Nanox already is getting distribution deals, etc. They are far from just a brand new startup. Also, there is no proof that Nanox has ties to criminal activities. Point #2 is a speculation loosely based on some sort of indirect second degree connection with little hard hitting evidence. Point #3, he talks about the 510K process. It doesn’t matter on the bar for 510K processes, what matters is that it is a process needing to be done. Also, the whole 80% approval stat (as I talked about earlier) was based off a landmark year for medical device approvals. That is different than giving that as the ballpark # for all approvals.

Anyways, I think the points on that blog post have already been talked about. He isn’t reiterating anything new that short sellers have been claiming. I personally think lots of this is distorted noise, and still have large expectations in regards to Nanox’s upcoming moves.

I do engage in research related to the sensory tech and medical device industry. However, I hold no relations to Nanox Imaging or working with Nanox Imaging. My only current conflict of interest is being long on its stock.

Disclosure: Please keep in mind, everything I say is on an opinion based basis. This is not meant to be taken seriously or as actionable financial advice. Do your own due diligence and any trades/investments you do is at your own risk. We are not responsible, proceed with caution and we are trying to voice an opinion not meant to warrant action. This is solely meant to be viewed as a non actionable opinion not meant to be taken as seriously or as a form of actionable advice.