Wyatt Watkins
Arvest Takes Over NanoMech Property in Springdale
Arvest Bank now owns bankrupt NanoMech’s 20,000-SF headquarters and production facility at 2447 Technology Way in the wake of an Oct. 20 foreclosure sale. read more >
NanoMech Uncovers Top Secret Dealings
The Delaware bankruptcy of Springdale’s NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer questions about 46 transactions that its top financial officer knew only as the “CIA arrangement.” read more >
by George Waldon -
NanoMech Suits Continue
Dan Carroll’s attempt to recoup his $1 million investment in NanoMech Inc. of Springdale will continue in Washington County Circuit Court. read more >
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 -
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 -
Chinese Manufacturer Countersues Rogers Executives
Sales Chief Ent. (Hong Kong) Co. LTD has filed a countersuit alleging Redman & Associates CEO Mel Redman and President Rodney Redman committed fraud and defamation. read more >
by Marty Cook -