Nanopierce Technologies (NPCT)

[MMMARY]

~*~*~UNPAID DUE DILIGENCE NPCT~*~*~

1. The CEO was sued for fraud by the SEC TWICE. (see below for lawsuit dockets)

2. The CEO was also sued for racketeering and was involved in a lawsuit over missing stock certificates.

3.The CEO's last company went bankrupt, i.e. Intercell. Other companies he was involved in went bankrupt also such as Faspaq. He also went bankrupt personally around 1989.

4. NPCT was started as a mining company then became a distributor of skylights symbol SUNY and now sells hitech? The assets of npct i.e. patents and patent applications were bought with printed shares from a division of Intercell. Intercell considered their value ZERO. CEO Paul Metzinger is also the CEO of Intercell. symbol IICP.OB http://finance.yahoo.com/q?s=IICP.OB&d=t As of 9/25 their stock is at .14

5. No direct revenue, no profits. They had a tiny tiny bit of income for consulting about something which had nothing to do with the company.

6. They have hired many, many stock promoters. One of them posted on the message boards that toxic funding is good and the funder was a good company when that was not the case. The company is currently suing the funder for stock manipulation and securities fraud.The funder Southridge Financial, Kernaghan are imfamous as corporate loan sharks who short stocks.

7. They have an Open House every year which is basically just a stock promotion meeting. Here is a photo from it. They promote it heavily in Asia, Germany and the US yet they only had 35 people and I see at least five stock promoters in the audience. If this were a revolutionary product, how come more people weren't there? Why'd they even take a photo of such a small audience? http://www.nanopierce.com/daten/company/openhoeuse_event/oh_images/
Audience/Thumbnails/TN_the_audience1.jpg

8. Most of the DD on this company is paid promotion such as wallstreetreporter.com , investortoinvestor.com , Investor Relations Worldwide Corporation asianinvestoronline.com , WillyWizard.com , marketreporter.com , ceocast.com, nanotechinvesting.com is company site, stockreporter.de, Charles Van Musscher of Gruenwald, Germany, The Geneva Group, Inc. of Ponte Vedra Beach, Florida and probably others. Check out their disclaimers on their sites. They have been paid to promote NPCT.

9. Paul Metzinger is also CEO of Intercell. They did a 1:20 reverse stock split and their stock is at .14 That means it is really worth less than a cent. He changed the stock symbol also. He wasn't even in any type of business. His words again "I am currently assessing with the Board of Directors various business opportunities, which could well form the basis for the future business activity of the Company. There are several opportunities which we find of particular interest and which are in markets of substantial size upon which to build a real operating company. We have no specific restrictions imposed upon our search. I invite any shareholder who may be aware of a technology or a business opportunity, which they think may be of interest to the Company, to please contact me."

10. Intercell also had problems with the SEC with their reports. They had to restate them. This straight from the CEO. "Our previously announced plan to restructure, recapitialize and refinance Intercell Corporation was, unfortunately, delayed because of a frustratingly long effort to accommodate the staff of the Securities and Exchange Commission on certain technical accounting issues relating to the audited financial statements for the fiscal year ended September 30, 1999."

11. The CEO begs shareholders not to verify contracts with other companies. This is very troubling and suspect.

http://www.nanopierce.com/daten/investor/press_archive/shletter14_09_01.html

"We are currently engaged in extremely sensitive discussions with many major global players in the microelectronics industry. These discussions and future business relationships can and will be jeopardized if shareholders make direct contacts with any of these companies in what may be a well intentioned effort to find out what is going on.

Recently executives of one company, at the highest levels, contacted us expressing extreme and troubling concern about calls received from inquisitive shareholders. These executives felt "compromised” being faced with answering questions about what they deemed to be inside material information, which obviously they could not disclose or even affirm or deny. These contacts must stop otherwise we may lose the opportunity to ever again deal with these companies. It destroys our reputation to be a trustworthy partner."

Then shareholders check out contracts as per SEC recommendation. Boeing said "Nanopierce who?" and Infineon clearly stated they are not doing business with Nanopierce. Others said no comment or did not respond at all.

Also, if you say you are in a related company and ask for a sample to try out, test, they say NO. What does that tell you?

Paul then states 10/2001 through his promoter Kathy that he will no longer be providing information to shareholders because of message board posters trying to verify his information. I personally believe he received a cease and desist letter from Boeing as Boeing told me they were going to find out what was up with Nanopierce.

12. NPCT stock promoter Stockreporter sued by the SEC for fraud in his promotions. Here is the npct stock promotion. Here is the SEC lawsuit against the Stockreporter. http://www.sec.gov/litigation/litreleases/lr16680.htm

13. Here Metzinger claims there are huge oil reserves for a company when there weren't. http://www.mary.cc/npct/1.htm

14. Here are some investors burned by Paul posting on Silicon Investors about him and his scams. http://www.mary.cc/npct/3.htm

Here are lawsuit dockets

105 METZINGER, PAUL codc 1:1989cv00227 02/08/1989 850 02/23/1989
SECURITIES & EXCHANGE vs. PAUL METZINGER




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Just say NO to stock fraud!