SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : DMNM - Dominion Minerals Corp (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: donpat who wrote (768)6/8/2006 3:15:27 PM
From: worksinjammies  Read Replies (1) | Respond to of 807
 
That was my question as well...
It seems the nanotech business still may exist under another company? It seems management went with the assets to another company as well, so if we are to play the Hydrogen/nanotech angle, we need to follow them there....
I have been watching PLNI to see if they would continue to move forward with their research, hopefully self-funded by their entry level products....

I just got this in my email, so I haven't really had a chance to guestimate what the possibilities or implications are...

...it has transferred all of its nanotechnology assets to Beito, Inc., a subsidiary, which has been renamed Nanergy, Inc., and that it has changed its name to Xacord.com. The Company has also issued 25,973,517 shares of the subsidiary to certain shareholders of the Company in consideration for the waiver by them of accrued but unpaid sums owed to them by the Company. In connection with the transaction, Dr. Zoltan Kiss and Mr. Robert Rubin resigned as directors of the Company, and Dr. Kiss resigned as President and Chief Executive Officer of the Company. Dr. Kiss and Mr. Rubin became directors of the subsidiary and Dr. Kiss was appointed as President and Chief Executive Officer of the subsidiary