Manhattan Scientifics: If Potential Blockbusters Make It to Market, Payoff Could Be Huge

Oct.21.09 | About: Manhattan Scientifics, (MHTX)

OTCQB:MHTX: Another stock that has spiked nicely from the five cent level of late is MHTX, the symbol for Manhattan Scientifics. I've discussed this company here before, (on a tip from Citizen Chin) mostly because of the potential of the nanotechnology that the company has acquired that can condense the matter of metals; which, in turn, reduces the weight of the metal by 25% but doubles its strength. The sky is the limit if the company takes that technology to market.

In addition to some portable fuel cell and 3-D technology (that would add a whole new level to the on-line version of the 'Sports Illustrated Swimsuit Issue'), the company also announced on Tuesday that it is moving to acquire the rights to Rights to an Early Cancer Detection system developed by Dr. Edward R. Flynn. Dr. Flynn's technology, according to the press release, used nanomedicine and biomagnetics to detect cancer early.

The latest addition to the Manhattan Scientifics' pool of licenses offers the company another potential blockbuster and if even one of them were to make it to market, then I think that the stock of this company could pay off huge.

If you're not in MHTX yet but are looking to get in, add it to the watch list and try to buy any dips.

As always, however, do your own Due Diligence first - don't just take mine or anyone else's word for it. Your money deserves your own research.

Disclosure: VFC is long MHTX.