GEMZ Corp seems an odd sort of company. The announcement that they are in negotiations to acquire a nanotechnology based on bucky balls is somewhat premature normally deals are announced when they are done, not during negotiations.
Apart from the fact that the press release talks mainly about what a bucky ball is rather than the application hydrogen storage apparently, GEMZ have been putting out a press release a week about some aspect of their involvement in nanotechnology.
Unfortunately the barrage of nanonews has had little effect of the stock price, dipping from a giddy ten cents in August to a fraction over a cent this week. The recent announcement linking the company with a possible breakthrough in hydrogen storage, which we are somewhat sceptical about, looks like an attempt to stave off the inevitable ignominy of becoming a sub penny stock.
The last month’s spending on press relases could have bought you 54,500 shares in the comany.