Nexia Biotechnologies Inc. (fka NXB)

[guy20817]

I bought 1000 shares on 8/28/2003 on news that the "Secret of silk may have been solved" - MSNBC.

Biomedical engineers at Tufts University say they may have worked out how spiders and silkworms are able to produce such strong fibers. "The entire process is controlled by the amount of water, which is so simple."

Research was published in the science journal Nature. Bioengineers at Tufts have developed a strategy for using silk to repair damaged knee lilgaments. Some companies expressed an interest in using silk to make ultra-strong clothing, hiking gear and outdoor equipment.

Stock price went down after I bought. Is this competition for Nexia? Is this good for Nexia?