Hi Jack,
You seem to have some knowledge of Nanovation and feel positive about its future. I've tried to find out as much about this company as I can and am hoping you can answer some questions. When you state:
"It looks to me like the physics of the Nanovation switch are for real"
What is your basis for analyzing the physics of Nanovation's switches? i.e. their websight, white paper, etc?
Also, they are involved with a Canadian concern called Stamford International that owns roughly 1/3 of their stock. This stock (Stamford) was to have been converted to Nanovation stock, but the conversion has been postponed twice. The most recent postponement is for an indefinate period. Do you have any feedback on this?
My initial research on this company led me to believe that they could be huge, but their very strange tie-in to a company that allows back door trading is making me more and more skeptical.
Also, I feel that your assessment of the MIT tie in could be a good strategic move to lock in top talent for cheap. It also could be a move to generate credibility to get them to an IPO and make them rich, without that pesky problem of having a viable, working, long term, profit making company. How hard is it to get a relationship with a school when you promise them $60,000,000. Rather easy, I would guess.
I want to believe in this company, but am growing more skeptical because of questions above and similarities to a company called SilkRoad, which appears to have been a scam. Lots of hype, no real news (customer's, revenues, etc.). There even was a person associated with Nanovation on SilkRoad's board for a while. Right before they closed their doors.
Anyway, thanks for any input you may have.
Scott |
