An interesting NNAN news release went generally unnoticed:
"Sample Kits
Partnering - Sample Kits
Sample Kits
Samplekits of our Halloysite Nanotubes are available and priced below. Call for quotes on larger quantities.
Jim Wemett
NaturalNano,Inc.
Phone:585-267-4848
info@naturalnano.com
Quantity 500 g.
Product HNT
Description Halloysite-milled
Price $1000
500 g.
HNT-QM
Halloysite milled treated
$1000
1 kg.
Pleximer-PP1
30% Halloysite in Polypropylene
$500
1 kg.
Pleximer-N
30% Halloysite in Nylon
$500"
Now the good news is that this is the first sign I've ever seen that the company's website is genuinely looking for real customers - formerly it was clear that the website was purely aimed at potential "investors", also known as "mugs".
The better news, theoretically at least, is that at these resale prices, the 15 tons of halloysite nanotubes NNAN bought from a mine in New Zealand for $27,149 would be worth at least $30 million (assuming one ton is actually one metric tonne, which is a very conservative estimate).
Now even assuming some fairly intensive processing and a relatively low yield rate, it must be said this would be a fairly impressive rate of return.
The bad news? It doesn't say how (or indeed if) Natural Nano has added value to the raw material it purchased from New Zealand in order to justify a thousand-fold mark-up.
Oh, and you can buy high-grade halloysite clay from a number of suppliers, including world-renowned fine and analytical grade chemical supplier Sigma Aldrich, for a very small fraction of the price that Natural Nano are suggesting.
Something doesn't add up here, at least if Natural Nano are holding themselves out as a serious business. While this may allow them to put their inventory on the balance sheet at an outlandish valuation, they'll never sell a single gram at these prices.
Perhaps, as some of us have suspected all along, they aren't really a serious business.
AI
