Friday, June 23, 2017 5:37:51 PM
basically a scam company markets the heck out of its great new bogus product or research, trys to get press releases etc.... when in reality its just a few people in a office with a few computers, phone and internet connection that don't really sell anything but a fake idea. If they do get a big market upswing, the market settles and they cash out, the scammers are off to another boiler room to do it again. Looking at there stock its looks like the end is near.
(at this point Industrial Nanotech has abandoned their offices in order to switch to a virtual office. In this way it is easier to "turn the lights out").
http://www.ripoffreport.com/reports/industrial-nanotech-inc/naples-florida-34109/industrial-nanotech-inc-nansulate-leadx-high-heat-coating-heatshield-epx4-and-home-pr-1278717
Designates companies with financial reporting problems, in economic distress, or bankruptcy, that make limited information publicly available. This category also includes companies that may not be troubled, but are unwilling to provide disclosure
The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions.
https://www.otcmarkets.com/marketplaces/otc-pink
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