About NaturalNano, Inc.
It's a scam!
Abandon hope all ye who enter here!
Well, maybe that's a slight exaggeration, but I can't help but think Dante had Natural Nano in mind when he penned this line, "Abandon hope all ye who enter here" in his immortal work, The Inferno.
Maybe Natural Nano's founder, Mr. Michael Weiner, can tell us whether the gates to Hell really have that inscription when he gets there, which he most assuredly will one day (although I gather he's made a good recovery from his expensive back surgery and is back at the helm of his shiny new yacht).
NaturalNano Inc. is based in Rochester, New York and was founded in 2004 to discover, refine, and commercialize naturally occurring nanoscale materials.
At least that's what they tell us, but it must be said they haven't done a particularly good job of it so far.
But hope springs eternal. At least it does for some folk, but as Upton Sinclair would have it:
"It is difficult to get a man to understand something when his salary depends upon his not understanding it."
NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) claims to be a materials science company focused on developing and commercializing advanced nanocomposites. The Company claims to be focused on additive technologies and processes, including their proprietary Pleximer that they claim adds value to industrial polymers, plastics and composites. NaturalNano holds and licenses 24 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite. www.naturalnano.com
CONTACT: NaturalNano, Inc.
Link to info filing about management team: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7548169
Link to head office: www.pittsfordofficespace.com/About-Pittsford-Office-Space.html
Latest news: Another "fluff" PR:
Wemett writes an article and gets it published in "Nail Polish News" (or similar), the must-read journal for European manicurists everywhere.
Natural Nano "borrows" $50,000 from financiers Longview and Platinum - both of whom are tied to the sam incubator that started Natural Nano and Biophan (BIPH), Technology Innovations LLC.
"On January 23, 2011, NaturalNano, Inc. ("NNAN"), together with its subsidiary, NaturalNano Research, Inc. (collectively, the "Company") borrowed $5,000 from Platinum Long Term Growth IV, LLC and $15,000 from Longview Special Finance Inc. Interest accrues at the rate of 3% per annum and the outstanding balance and accrued interest are due on June 30, 2011. "