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December 27th, 2005
Jack Uldrich: Late last week, Westaim Corp (Nasdaq: WEDX) priced the IPO of 4.5 million shares of its subsidiary, Nucryst Pharmaceuticals (Nasdaq: NCST), at $10 a share -- well below the forecast price of $12 to $14.
Although Nucryst is a legitimate nanotech company and its IPO deserves to be taken seriously, investors should proceed with great caution because they risk getting burned.
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