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Something Wong with Nanosensor (NNSR.OB)
At first glance, nothing looked wrong withh NNSR: They were developing biochemical detectors with nanotechnology and were filing with the SEC with swiss clock regularity.
Then last month investors fired Mr Ted Wong (CEO, chief scientist and main guy behind everything), stopped all operations, canceled all engagement and put themselves at the head of the company.
They won't be developing biochemical detectors or nanotechnology stuff anymore.
Investors didn't bankrupt the company, but for sure they lost a lot of money (more than me, who lost some $950). If we are lucy they will use the company as a frame for other, non related investments as they stated in their last report but that's far from guaranteed. It won't be a guarantee that the stock price will recover if eventualy it's still traded next year.
That was one good example about losing money on a penny stock. Not even a pink sheet...
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