Wednesday, April 08, 2009 4:01:17 AM
In fairness, we should note that it turns out NNAN's toxic lenders (Platinum) were pretty much the same people as its founders and indeed overlap with the TI people originally behind NNAN (and Biophan, for that matter). That's presumably why they put one of the original NNAN founders in as the "new" CEO.
"Its lead product Pleximer has not sold despite having been on the market for over a year."
Haven't seen the new 10K for Natural Nano yet, and I have a feeling we might never see one, but I suspect you're right.
As regards Atlas, however, I have sympathy with one of the posters over at Yahoo! who points out that the old management as personified by William Jacobson (Jake to his friends) were complete crooks and that the new folk running it are different folk, who've exposed the fraud and mismanagement of Jake and his chums, and have also gained some heavy duty backing in terms of finance.
If nothing else, Atlas has some real estate and possible mineral assets, and it may turn out to be a good play, even if the halloysite it has is only ever used in fine porcelain.
To summarise, I suspect that Natural Nano, who along with FASC conspired with Atlas' original "management" to create a false market in each of their shares, and indeed Biophan, an equally suspect company asociated with the same suspects, have no long-term future and will disappear once the parties behind them have wrung as much as they can out of the game, Atlas may just be a different story.
I wouldn't bet on it, but I wouldn't bet against it either.
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