What does a fuel cell manufacturer and a company formerly known for porn sites have in common? A Nasdaq over-the-counting listed listing.
Growth Merger Inc., a publicly traded shell company, merged this week with Neah Power Systems which has created a membrane for methanol fuel cells. Methanol fuel cells may one day help power MP3 players and even laptops.
Still, the market remains small and many companies have delayed putting out fuel-cell powered products, so getting enough business to pull off an IPO remains difficult.
Enter Growth. The company originally stated out as a purveyor of adult web sites, but … Read more