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Workers at Industrial Minerals, London, U.K.
Workers at Industrial Minerals, London, U.K.
(Handout/Industrial Minerals)

Graphene: A revolution, or just a sales pitch?

Miracle drugs, rare earth materials and now, graphene. This stuff is bread-and-butter for boiler room investment scams and the U.K.’s Financial Conduct Authority decided Monday to issue a warning to the public to ignore cold-callers offering shares in graphene manufacturers or even the material itself. The FCA is sounding an alarm over hoaxes and hucksters, not listed companies, but it begs the question whether retail investors should ever dip their toes in firms boasting novel technologies but which produce no profit, few revenues or even a commercially viable product.