Home > News > Nano Firm Makes Reverse Merger
June 3rd, 2007
Nano Firm Makes Reverse Merger
Verutek Technologies cleans soil. StreamScape Minerals was supposed to dig valuable minerals out of it. But the two didn't come together over their connection to the land.
No, when Glastonbury-based Verutek last month acquired StreamScape, it was digging for something far more valuable than rights to eight unproven Canadian mineral mines: access to the publicly traded market.
StreamScape, a Nevada corporation formed to explore mine holding in British Columbia, had been traded on the Over The Counter Bulletin Board, the so-called "penny stock" market owned by Nasdaq, since 2004. It never turned a profit, but it was publicly traded.
Of course, Verutek has never made a profit either. Filings show the 14-person firm has lost $4.2 million since February 2006. But its co-founders, John Collins and George Hoag, believe they have revolutionary technologies that have a major impact on the ground remediation industry.
Harris & Harris Group Notes ABSMaterials' Series B Financing November 22nd, 2013
Harris & Harris Group Letter to Shareholders on Website November 18th, 2013
Harris & Harris Group Reports Financial Statements as of September 30, 2013 November 12th, 2013
Harris & Harris Group Notes CordenPharma's Acquisition of Ancora's Carbohydrate Synthesis Platform and Corporate Name November 7th, 2013
UCLA researcher highlights advances in nanotechnology's fight against cancer December 19th, 2013
Survey reveals regulatory agencies viewed as unprepared for nanotechnology December 19th, 2013
Iranian Scientists Shine in Intíl Nano Conference in Indonesia December 19th, 2013
New, Effective Method Presented for Investigation of Buckling Behavior of Carbon Nanotubes December 19th, 2013