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No. of Recommendations: 2
Fuma, I have been discussing Nanox on another website. I am very, very suspicious of Nanox and, having owned it for a brief period of time, sold, on suspicion of fraud.

I think their customers are made up. I am convinced enough from the findings in the Muddy Waters report that this is one to be avoided until they at least just get an approval somewhere, let alone 510(k) in USA.

This is one of their customers: https://spimedical.com.mx/
They were formerly known as "Spite Medical" but I cannot find any reference to them anywhere other than the Nanox press release. The website was first registered in February 2000.

The video on vimeo showing the dummy being x-rayed with "no filters, rough edit," or something along those lines, that Muddy Waters dissected and was convinced it was a fraud, has been set back to private, so now we can't see the video. A-Labs itself, the firm that produced the video, is very suspicious. It's very suspicious that Eli Reifman potentially has ties with A-Labs, the person behind Emblaze Technology, and 2 of the members of Nanox management were formerly employees of Emblaze. It suggests that Eli Reifman is involved with A-Labs, the firm that Nanox hired to raise money for them. This company just seemed suspicious to me right off the bat. I have never seen such hokey pieced together prototypes being shown as "evidence" from a public company. It should be VERY easy for Nanox to dispel these rumors by providing evidence of a working model. Yet they don't. They have TWO short sellers who put reports out on them and they haven't said one word about it other than they dispute the findings. One, Citron, is not worth taking seriously. The other, Muddy Waters, put a thorough report out and to me is pretty convincing.

We will see if the MEMS plant is actually built by SK. Not sure why they need a new plant for this but there may be a reason.
.Until I see some real evidence here, I am not a buyer.
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