Fonon Corp. (fka FNON)

[pitboss22]

The Nikitin's Blue Chip Energy, LLC and Advanced Solar Photonics released similar PRs. They were repeated by some of the same sites.

The Nikitins have a history of using these PRs to inflate their reputation while defrauding investors, creditors and customers. Oh yeah, J. Louis Schlegel IV has a similar history of false and misleading PRs for other stock selling scams like Spare Backup, Mabwe Minerals, et al.

Excerpt from The Orlando Sentinel

Once-promising solar company will see assets auctioned off

Lawsuits, debt plague Lake Mary operation

An auction scheduled for Tuesday at BlueChip's Rinehart Road facility aims to repay the largest claim from a subsidiary of SunTrust for $2.5 million owed for equipment. Federal and state court records describe a company that has no money and owes more than $16 million to banks and creditors as well as customers, vendors and suppliers.

Court records show that the company was accumulating debt, failing to pay suppliers and produced counterfeit products.

Court records identify the leadership of BlueChip, and its related companies, as Dmitri and Svetlana Nikitin of Longwood. The couple have several registered corporations, according to state records.

Dmitri Nikitin lost a judgment for $387,475 in a federal case filed by Optowave Co. Ltd., a South Korean company that had bought high-precision equipment from Nikitin to manufacture infrared filters for consumer electronics, including cellphones. Court documents show that Optowave alleged fraudulentbehavior in its contract with Nikitin.