Home > News > Revealing background of a nanotechnology penny stock
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.
Elsevier Business Intelligence (EBI) to Host 'IN3 Medical Device 360 Boston,' June 24-26, 2013 May 20th, 2013
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer May 16th, 2013
Nanometrics Announces Upcoming Investor Events May 14th, 2013
IDTechEx launches online Market Intelligence Portal May 23rd, 2013
Researchers Stitch Defects into the World’s Thinnest Semiconductor May 22nd, 2013
Whirlpools on the Nanoscale Could Multiply Magnetic Memory: At the Advanced Light Source, Berkeley Lab scientists join an international team to control spin orientation in magnetic nanodisks May 22nd, 2013
UofL scientists uncover how grapefruits provide a secret weapon in medical drug delivery May 22nd, 2013
Oh, Christmas tree, oh Christmas tree: A nano end for Christmas tree needles January 2nd, 2013
INIC Inks MoU to Apply Nanotechnology in Iran's Carpet Industry December 18th, 2012
IBN Welcomes Its First 9-Year-Old ‘Scientist’: IBN and Make-A-Wish Foundation Singapore Make Kidney Patient’s Dream Come True December 10th, 2012
The music of the silks: Researchers synthesize a new kind of silk fiber — and find that music can help fine-tune the material’s properties November 28th, 2012