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Monday
Apr302007

Nano Chemical: big ad, little substance

DateMonday, April 30, 2007 at 6:21AM

test_tube_rack.gifNano Chemical, the company that took out a full-page New York Times ad last week seeking investors, is making news for all the wrong reasons. The company’s newly appointed CEO, Alexander H. Edwards III, payed $50,000 in 2003 to settle civil fraud charges with the SEC. And its investment banker, Robert Esposito, used to run nightclubs and was arrested for selling cocaine. According to a report in Barron’s, Nano Chemical actually makes spray wax sold in discount stores.

AuthorGeorge Elvin | CommentPost a Comment |
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