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 to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014
Nanometrics Announces Upcoming Investor Events July 22nd, 2014
Harris & Harris Group Invests in UberSeq, Inc. July 16th, 2014
Harris & Harris Group Portfolio Company D-Wave Systems Closes a $28.4 Million Financing July 14th, 2014
Silicene Labs Announces the Launch of 2D Materials Briefing Book™ and 2D Materials Road-Heat Map™: Contributors Include One of the World's Foremost 2D Materials Scientists July 25th, 2014
New imaging agent provides better picture of the gut July 25th, 2014
Breakthrough laser experiment reveals liquid-like motion of atoms in an ultra-cold cluster: University of Leicester research team unlocks insights into creation of new nano-materials July 25th, 2014
Scientists Test Nanoparticle "Alarm Clock" to Awaken Immune Systems Put to Sleep by Cancer July 25th, 2014