Bleecker Street Research
Long/short equity, special situations

Nutranomics: CEO Resume Issues And A Promoted Stock That Will Crash

(Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks. This article was originally submitted on the morning of Monday, December 9.)

Nutranomics, Inc (OTCPK:NNRX) is a producer and developer of nutritional food products. Shares at their current price are substantially overvalued. Nutranomics recently went public via a reverse merger with Buka Ventures, Inc. Buka Ventures was a pre-exploration stage gold mining company. The company currently has a market cap of $57 million and is trading for $1.23/share.

(click to enlarge)

Nutranomics headquarters.

The reverse-merger. (From BusinessWeek)

As of September 19, 2013, Buka Ventures Inc. was acquired by Nutranomics, in a reverse merger transaction. Buka Ventures Inc., a pre-exploration...
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