Is Industrial Nanotech (INTK) a Pump and Dump?
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When evaluating the potential of disruptive technologies, it is equally important to caution investors as to what they may not want to invest in as it is to make them aware of potential opportunities they may want to invest in. In a previous article titled “The Dangers of Investing in Over The Counter (OTC) Stocks“, we provided a number of examples where companies used the word nanotechnology to promote themselves and consequently lost investors all their money. One of the companies we highlighted in this article was Industrial Nanotech.
About Industrial Nanotech
There isn’t much to say about Industrial Nanotech (OTCMKTS:INTK) since the company provides no financials, and no information about their management team. One thing is for certain. Investors in INTK would have lost 93% of their investment since the company started promoting their “nanotechnology” value proposition in 2005.
INTK has risen 90% in the past two weeks on the back of several recent news articles on various media outlets proposing that Industrial Nanotech will bring a next-generation roofing product to market in early 2014. Investors should be wary of a company that publishes promising press releases but never delivers. The company has been touting their “Nansulate” product for the last eight years without realizing anything tangible as a result. In 2005 the US Navy expressed “interest” in Nansulate Coatings, the steel unit of Hyundai Motors was said to meet with an INTK Asian distributor, the product was tested by a leading HVAC manufacturer, the company entered a final testing phase with an “energy giant”, and INTK partnered with a “national industrial coating contractor”. All of these promising press releases made in 2005 make up only a small part of all the press releases issued by INTK in the past 9 years. Just in the past 4 years, the company has issued over 115 press releases.
In 2009, Industrial Nanotech listed their company representative’s contact info on their press releases as the Cervelle Group, a company taken to court for illegal mass faxes to pump five different companies. In the Nanalyze forums around that time, a very heated debate was had concerning the legitimacy of INTK. At this time, the company had published financials showing total assets of only $136 thousand dollars with a market cap of over $9 million dollars.
Conclusion
While the company continues to move their stock price with press releases, it remains to be seen if investors will ever see any tangible results coming from the avalanche of press releases released by INTK over the years.
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Thanks for the information.
I’ve been in INTK for several years and have been trying to evaluate whether to hold on or get out.
Thanks for the above info. looks like my contact with this company is pretty far off.
I try to find good honest companies to invest in and find that it’s getting quite difficult to accomplish this anymore.
CARL
INTK Industrial nanotech is either broke or a scam, they are just hammering the net with google web marketing to attempt a run on their stock. I tried to get the lead x product and 9 months later nothing shipped and all I got back was a bounced check. I’m giving the SEC a heads up on what happened. Three others stated the same thing happened to them online, don’t buy their phantom products and don’t buy there stock …. just my opinion and experience with them.
Thank you for the heads up Robert. We always advise investors to stay far away from ALL OTC stocks.
Regards,
Joe
The main product is Nansulate an :insulative paint” that “miraculously” insulates buildings and objects. The only problem is that this product does not obey the laws of thermodynamics and cannot exist in the real world. That is, Nansulate and INTK Industrial Nanotech is a complete scam. The company loses a great deal of money on very little sales and has beyond horrible reviews at the Better Business Bureau and other reviewing sites..
While I am not able to verify it in any was since and it is only what I read on the internet, (what may be the same) Stuart Burchill (the current president of INTK Industrial Nanotech) may have had a predecessor company, Industrial Biotechnology that was involved in a serious OTC trading scandal.
Perhaps Nanalyze or someone else can contact Industrial Nanotech and get a clairification.
Hi Bukraj,
Thank you for the comment. We don’t waste our time with OTC companies because there are so many more legitimate companies to discuss. However when we see investors get excited about OTC companies, we will always step in to warn them. “Nansulate” has been a running joke for a long time now. Best to leave it that way.
Seems this site is a P&D
How many shares do you get to run an article.
From your site? I’ve seen so many of these Pump rags.
‘Full Disclosure
Nanalyze articles are written by finance professionals. We may at times take long positions in various companies discussed on this site but will always hold a position for at least 30 days. We will never short any stock discussed on this site.’
Hi BamaTom,
You’re not a regular reader! If you were you’d know that we always tell our readers not to touch OTC stocks with a ten-foot pole. I don’t think you’ll find one piece of content in the 670 articles on this site recommending anyone to buy an OTC stock. We have also never received shares from any company for any reason for our writing. Thanks for challenging us though!
OPEC disbands after reading INTK press release
Sadly, the members of OPEC, The Organization of the Petroleum Exporting Countries have decided to disband after reading a press release from INTK Industrial Nanotech, a company that is not embarassed to say that they can do the impossible. The OPEC board members were meeting in Vienna when they discovered an article in an obscure Russian journal that reported that Industrial Nanotech had actually provided undocumented proof that they have developed an electricity generating paint that could produce “a constant source of free energy” according to the Mr. Stuart Burchill. The press release was originally published in December 2007 and at that time Mr. Burchill stated that the electricity generating paint “is able to use a temperature gradient which create insulating layers for electric power generation costless. At the moment, we are moving from the phase of research for patenting and the establishment of industrial production.”
http://www.popmech.ru/technologies/6987-kraska-generator-greet-i-energiyu-vyrabatyvaet/
If you do not read Russian you may want to use google translate
(from a posting on a penny stock board)
That, my friend, is hilarious
I really commend the incredibly imaginative impossible products that Industrial Nanotech/INI Worldwide/Synavax company is able to dream up. It is inconceivable to think of another company that would have the audacity to feature on their site for everyone else to laugh at “Thermoelectric Generation Creating Energy from Temperature Differentials”–their exclusive electricity generating paint!
I am not sure if INI/Industrial Nanotech/Synavax is now engaging in parody in their latest product announcements or they actually think that there are people out there that are just that gullible.
Just in case Stuart Burchill has to get out of town fast, I am noting that the company has moved to a new location that features “virtual offices”. …from my latest fun post about this nefarious company
We’ve watched this slow slide downwards for many years now. Since our article, their market cap has sunk from $9 million to under $1.5 million so hopefully nobody was foolish enough to throw their money away like that.
I really commend the incredibly imaginative impossible products that Industrial Nanotech/INI Worldwide/Synavax company is able to dream up. It is inconceivable to think of another company that would have the audacity to feature on their site for everyone else to laugh at “Thermoelectric Generation Creating Energy from Temperature Differentials”–their exclusive electricity generating paint!
I am not sure if INI/Industrial Nanotech/Synavax is now engaging in parody in their latest product announcements or they actually think that there are people out there that are just that gullible.
Just in case Stuart Burchill has to get out of town fast, I am noting that the company has moved to a new location that features “virtual offices”. …from my latest fun post about this nefarious company
With the continued unfavorable publicity generated by their phony products the company has now rebranded their products as Synavax and INI. The parent company remains as Industrial Nanotech.
In
Industrial Nanotech Announces Offices on Mars in September 2023
BROOMFIELD, Colo., Sept. 13, 2023 (INTERGALACTIC NEWSWIRE) –INDUSTRIAL NANOTECH, a global nanoscience solutions and research leader, today announced that the Company is finalizing the terms and conditions of a public/private cooperative agreement with established business partners and government officials on Mars. Mr. Burchill, elaborated, that as important fantasy supplier to NASA, INTK will be the first company to establish business ties with the Martian government Seeking to allay any doubts about his integrity, Mr. Burchill points to the Industrial Nanotech website that verifies that NASA is a fantasy customer.
“We began working in June of this year on this major initiative to establish ourselves as both business and research partners on this planet,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “It was extremely important to position ourselves as more than just another company trying to sell products to a wealthy region of the galaxy. Our process was strategic and detailed.”
The Company took the time to learn about the pressing needs of the planet.
Through multiple meetings on Mars with business leaders and government officials, the Company created a plan acceptable to all participants to work together and establish the application protocols and certifications for the Company’s existing products and cement the Company’s position as a thought leader on the planet for sustainable solutions.
The Martians agreed to collaborate and provide Mr. Burchill’s expertise in nanotechnology and to work as research partners with their government laboratories to create new and innovative solutions uniquely suited to their environment.
The Martian building industry remains strong and motivated to utilize effective thermal insulation products in this extreme temperature environment.
https://www.industrial-nanotech.com/recent-and-current-customers/
It’s good to see they’re finally making some progress.