- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
April 29th, 2007
Revealing background of a nanotechnology penny stock
Highlighting some of the hype on nanotechnology investments, Barron's Online carries an unfavorable report on nanotechnology company Nano Chemical ("Giving New Meaning to Green Revolution").
On Wednesday, Nano Chemical took out a full-page New York Times ad promising riches to its investors: "NCSH is the right company at the right time for savvy investors looking for big gains."
Barron's Technology Trader Bill Alpert did some digging. He found that newly appointed CEO Alexander H. Edwards III was named after the company borrowed $300,000 from John Stanton, an accountant who has controlled several of Edwards' previous employers. Edwards payed $50,000 in 2003 to settle civil fraud charges with the SEC that alleged he faked a surgical-supplies company's sales. Its investment banker, Robert Esposito, used to run nightclubs and was arrested for selling cocaine; his corporation bankrolled the $232,103 Times ad. Investor Raymond Carapella has convictions for armed robbery, retail scams, and penny stock pump-and-dump frauds.
|Related News Press|
Nanometrics to Participate in the Citi 2015 Global Technology Conference August 26th, 2015
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Making nanowires from protein and DNA September 3rd, 2015
Omni Nano and Time Warner Cable Partner to Provide Nanotechnology Education to the Boys & Girls Clubs of Los Angeles: A $10,000 Donation to Benefit Youth of Los Angeles County's Boys & Girls Clubs August 4th, 2015
Kalam: versatility personified August 1st, 2015