 Boom What's up money geeks? It's a v here. Welcome to another video in this one We are going to talk about ticket symbol and and oh x nano x imaging For those of you that have been following my channel. I have been covering this stock Because I look at the technology that the building I look at the use case and I see that what we have today as far as x-ray imaging Is outdated and a company that's working to change that Is something that would get my attention Give you some context if we look back when tesla was working to change how we Drive cars and not use fossil fuel Not a whole lot of people gave them a chance because fossil fuel was so dominant. So fast forward Nano x working on changing how we do x-rays not a whole lot of people are probably going to give them a chance But I believe in in new technology. I believe in a technology that changes the way we do things. So that's why I'm really really huge on nano x imaging So I want us to cover it because they made some some news today So which actually made the stock move up a little bit So make sure that we cover that but before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So there's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content. So nano x imaging again guys is A company that is changing the x-ray industry. They are building what they call the nano arc So you can see here in these in these videos And these nano arcs are designed to Really change x-rays and the idea here is it's going to be A lot smaller in size compared to the x-ray machines that we have today a lot cheaper a lot Safer and and easily deploy By that they can deploy it to even developing countries and really help save health care for other people Working on preventive care and just curing or treatment. So that's one of the things that I really like about it But number one to me is the fact that Size wise it's going to be small it's going to use File less energy than what we currently have in the market today and some of the prototypes that they've been putting out Does really look good in terms of The designs and everything so is it going to work as say as we expect? Who knows it's going to go through a series of Prototyping and testing before we can actually see so again This stock actually jumped today if we can jump here say the stock is actually up 9% Because of some news that came out so let's jump to the news here. So you guys can actually see so nano x analysis fda 510k submission for first version of their multi-source nano arc and again like I said the nano arc is this machine. This is what they call the nano arc So um, they submitted that uh 510k with the fda So just to so you we understand what that 510k is right here So 510k is a pre market submission made to fda to demonstrate that the device to be marketed is a safe and effective That is substantially equivalent to illegally marketed device So if you can see a section 513 i1a fd and c arc Submitters must compare their device to one or more similar legally marketed devices and make and support Their substantial equivalent claims. So again, this is pre market So they are getting ready so that when they go to market all this stuff is already cleared with the fda So that's where that five 10k submission camps into into play So the fact that they're doing this means they're gearing up to start looking at going to market and they've hired A lot of people on their board to kind of help with that. So I'm actually excited About this move. If you guys remember this stock I'd gone all the way up to I think about 80 or 90 dollars at one point So if we jump back here so jump back here if we can go back here, maybe Yet to date. Um, there it is. So this stock went as high as our 90 dollars You can get to it right there about 90 dollars before pulling back To where it is today. So to me um, in my average here is somewhere in the 20s in um, and I I think that there's a future there Do I mortgage my entire savings for this? No But do I see that whatever I have in this stock has the potential of flying someday? Definitely. So that's why I I'm still in the stock Otherwise out of taking my profit and run because I've seen this thing go up and down and I'm still holding it But um, just because I trust that the future is bright. So again, just to look back today That's why the stock is up or about nine percent. Um, again, anticipate kind of like a bumpy road This is not going to be a smooth ride until we see Them start putting our product and selling and making profit. Um, This is not going to be an easy one. If you know very well, then right now the company is not a profitable company Um, they are just burning through cash or as far as their recession development Prototyping and trying to get their product out there. So, um, even from a financial standpoint There's really nothing to say here because again, we know they're burning through to cash until they start deploying this stuff So one of the things the way their marketing is working or some of the products that they they're actually planning around Nano arc is they don't plan on selling the actual machines themselves They plan on building a network and deploying the machines themselves and then charging a fee. So it's going to be Imaging as a service. So in this case instead of them selling you a machine Let's say for 10 000 and they're never making any profit They would come and install the machine at cost to them and then and charge a fee for every Uh x-ray that's taken on that machine. So let's say even x-ray is 10 dollars And then they could do a million x-rays a year think of how much money they're going to make So which I think is brilliant and then um based on that information they're building another network where Are these images can be shared across the globe so that uh, a researcher here can see something Let's say in somebody's heart a they can actually reference that Um and see if other people across the globe have seen that similar scan and that would help them do More research and help with treatment and stuff like that. So that's what I wanted to cover here guys again, nano x imaging just actually submitted their 510 k with the fda So we're looking anytime that they're going to start talking about deploying their first nano act Which would be awesome. I mean, I'm looking forward to that. So Again, I'm going to put the links here if you want to read more about the 510 k I'm going to put that so you can definitely go reference that Again, do some research and nano x look at the solutions to me again. Like I said The way I approach this company. I'm not approaching it as our One that has already done everything. It's still research and development. I just love the fact that they are Changing how we do x-rays today And I want to see that and so that's why I'm taking the risk here with my money. So again You should do your own homework. Make sure that you understand the risk involved with investing in these companies If for me as high risk high reward with this particular one and the upside is Tremendous, that's why I'm super excited. Let me know the comment section. Do you currently own nano x in your portfolio? Long term if not, what do you think about the company? Again, let me know in the comment section if you're new to the channel Which is about how to earn money how to save money how to invest and build wealth If that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content also if you're looking to get started with investing guys We both currently has their promotion where if you sign up and deposit a hundred dollars You get some free stocks links in the description below and as always guys Do your due diligence. Don't be a good savage. Stay motivated