Global Crown Capital and Nanodynamics

Darrell Brookstein at casts more light on the Nanodynamics IPO that wasn’t

“In mid 2007 and into last week, one single, unlucky investment bank raised ARWR $16.5 million at $5.78 per share with ¼ warrants at $7.06 (it’s now $2.10). They raised NANX $10.6 million at $5.92 (now $3.21). Now, oddly, they were unable, for whatever reason (amazed neither the company itself nor the underwriter have yet to release details at this late date), to bring private company, Nanodynamics, public on the Dubai Exchange last week.”

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