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.
Harris & Harris Group Notes the Receipt of Proceeds From the Sale of Molecular Imprints' Semiconductor Business to Canon April 22nd, 2014
Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014
Nanometrics to Announce First Quarter Financial Results on April 29, 2014 April 9th, 2014
Harris & Harris Group Notes Mersana's Collaboration Agreement With Subsidiary of Takeda Pharmaceutical Co. April 8th, 2014
Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014
Return on investment for kit and promotion materials April 24th, 2014
Protecting olive oil from counterfeiters April 24th, 2014
High-Performance, Low-Cost Ultracapacitors Built with Graphene and Carbon Nanotubes: Future devices based on technology could bridge gap between batteries and conventional capacitors in portable electronics and hybrid electric vehicles April 23rd, 2014
Harry Potter-style invisibility cloaks: A real possibility next Christmas? Forget socks and shaving foam, the big kids of tomorrow want an invisible cloak for Christmas December 19th, 2013
Chicago Awareness Organization First Not-for-Profit to Sponsor Dog Training to Detect Ovarian Cancer Odorants December 12th, 2013
ZEISS Microscopes used to create images for Art Exhibit at Midway Airport: Art of Science: Images from the Institute for Genomic Biology October 25th, 2013
New potential for touch screens found at your fingertips September 17th, 2013