Benjamin Waisbren

According to allegations of mismanagement and self-dealing against Jim Phillips, the former NanoMech CEO committed the financially struggling company to a Dallas office lease in 2015 and furnished the space with expensive furniture and extravagant artwork, some of which is now missing. Estimated cost of the lease obligation and furnishings to house two employees: Nearly $1 million.

NanoMech Investors Pursue Claims of Self-Dealing, More

Accusations of corporate mismanagement against the former CEO of NanoMech, Jim Phillips, have intensified into allegations of self-dealing and securities fraud. read more >

by George Waldon - July 1, 2019, 12:00am

Investments / Legal / Manufacturing

NanoMech Files for Chapter 11 Reorganization

The Springdale nanotechnology firm estimates both its debts and its assets as between $10 million and $50 million. Documents say the company has struggled through continual losses from operations together with slow revenue growth. read more >

by George Waldon - April 15, 2019, 5:53pm