Libertyville, USA – January 9, 2004 Pluvia Securities Research BEGINS Coverage of ALTAIR NANOTECH, (Nasdaq SC: ALTI), at $3.60, with a STRONG SELL/SHORTSELL Rating and a target price of under $.10 (ten cents).
**PART ONE OF THIS REPORT WILL BE AVAILABLE January 15, 2003
OUR STRONG SELL RATING IS BASED ON:
1. Recent promotion of ALTI during a time the company is selling securities to investors, which we believe could result in a “pump and dump”.
2. Past hyped promotion of business ventures, all of which have not only failed to meet claims and expectations, but all of which have failed completely.
3. Morphing of a failed mining business into what they now claim is a “nano technology” business.
After review of ALTI’s business plan, we see no identifiable product that we believe has any potential to come to market. Until ALTI presents a product with an identifiable market and demonstrates any ability to develop and then manufacture and distribute a product, we give ALTI a less than 1% of success and a 99% chance of complete failure.
Pluvia Securities Research, their agents, associates, and or employees have investment positions consistent with the above-stated SELL RATING. Information provided herein should not be considered investment advice, only the findings of our research, which may or may not be accurate. We encourage persons to conduct their own due diligence and come to their own independent conclusions regarding any and all investments they make. All comments are the EXPRESS opinion of the Author(s) - All rights reserved.
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Pluvia Securities Research
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