J Capital Research short ’empty shell’ Nano Nuclear Energy

In a recently published report, J Capital Research said it is short Nano Nuclear Energy. J Capital believes “this back-of-the-napkin nuclear idea is an obvious stock promote. The self-promotional founder, Jay Jiang Yu, and his team of market bro directors have been involved in a half dozen penny stocks that fell between 40-100% post IPO. The founder and nearly all directors lack any experience in the nuclear industry.” “We conducted onsite checks and learned that NNE shares the same space as an undisclosed related party called LIST. LIST raised almost $12M in August for a suspiciously similar plan to NNE’s. We suspect LIST may be financially involved with NNE’s ‘new headquarters’ building in Oak Ridge, Tennessee,” the report reads. Further, J Capital says, “dilution is coming” and that while “enthusiastically in favor of new nuclear technologies, even speculative ones,” its “research tells us that NNE is an empty stock promote of the worst type.”