National Residential Properties (fka NRES)

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NRES info and links for Newbies:
NRES Time Line From 12/21/2000 to Present:
This post has been updated to include filings as well as open and closing prices on corresponding dates as to give a better overall view as to how Astrom's plan has played out. Also it will give you a better understanding as to cause and effect of the price


The following is strickly my opinion based on what has transpired over the last 12 months from public information made available in PR's,SEC filings,NRES website,and the Hebron Town Clerk.

I believe this scenario closely depicts the actual chain of events

Richard Astrom and Nathan Kahn meet sometime in November-early December. Kahn tells Astrom about his idea for Connecticut and how much money would be needed to pull it off. Astrom wants a piece of the pie,but doesn't have the cash,equity,or shares to put up.So the plan goes into action. Phase1.Increase the authorized..but first get the shareholders in a good frame of mind so Dec.21.2000 NRES authorizes a forward split and kill two birds with one stone,thereby increasing the authorized shares from 250 mil to 750 mil.

Filing: Jan.25,2001 8K Amended Current Report

During January,Astrom creates Connecticut Acquisition Corp No.1. In the mean time Kahn is putting the deal together in Connecticut through a Kahn Entity known as CT Adult Condominiums LLC

February 2,2001 the 3 for 1 split takes effect, in the meanwhile Nathan Kahn through his group Loveland Hills LLC buys the Hebron property at Loveland Rd.and Route 66. Now the push is on Astrom has to come up with the money,so it's time to drive the stock price up.Phase 2 begins
Share price: Feb.2,2001 O.0156 C.0156 Vol.30,495,000
Filing: Feb.2,2001 8K Amended Current Report
Filing: Feb.13,2001 NT 10-Q Notification of Late Filing
Share price: O.008 C.01
Filing: Feb.20,2001 10QSB Quarterly Report
Share price: O.008 C.009
Filing: Mar.1,2001 8K Current Report
Share price: O.005 C.005
Sidenote:As of 3/31/2001 O/S 456,900,950 A/S 750,000,000
Now the PR blitz starts in earnest

PR April 2,2001 Board of Directors meet to discuss Dividend
Share price:April 2,2001 O.003 C.003 Vol.26,760,400

PR April 10,2001 NRES signs Roof Top Leases
Share price:April 10,2001 O.006 C.008 Vol.38,629,300

Note: April 12 Connecticut Acquisition Corp No.1 gets a loan by putting up a $1,000,000 CD
Share price:April 12,2001 O.008 C.007 Vol.15,753,500

April 14,2001 Board of Directors Approve 10% Dividend
Share price:April 16,2001 O.007 C.006 Vol.15,987,800
Note:WWW.NRESP.com Launched

April 19,2001 NRES announces joint venture with Adult Communities Developer in Connecticut
Share price:April 19,2001 O.005 C.006 Vol.17,321,000

April 23,2001 Concrete poured at Conquistador Plaza
Share price:April 23,2001 O.006 C.006 Vol.9,770,400

Sidenote:As of 4/30/2001 O/S 512,158,631 A/S 750,000,000

Last week of April Astrom is in Connecticut meeting with Kahn. Loveland Hills LLC sells the Hebron property to Connecticut Acquisition Corp No.1 who files a quit claim deed May 4th (According to Hebron Town Clerk)

May 4,2001 PR NRES closes on Hebron property.
Share price:May 4,2001 O.007 C.008 Vol.12,825,500

May 8,2001 Connecticut Acquisition Corp.No.1 is merged into NRES with NRES assuming all debts and convert the CD into NRES stock.
Share price: May 8,2001 O.008 C.007 Vol.18,038,800
Dilution starts

Knowing full well the negative impact the CD will cause,Astrom implements Phase 3 "damage control"

May 9,2001 PR Richard Astrom interviewed by CEOcast.com (took place on May 8)
Share price: May 9,2001 O.008 C.008 Vol.7,922,300

Filing:May 15,2001 NT 10-Q Notification of Late Filing
Share price: O.005 C.004
May 16,2001 PR NRES signs contract to sell CT interest for $1,315,000 profit THIS FILING STATED THE CT LAND WAS TO BE SOLD TO SENIOR LIFESTYLE COMMUNITIES WHICH THE SHAREHOLDERS DID NOT KNOW IS ACTUALLY CHRISTOPHER ASTROM
Share price: May 16,2001 O.008 C.007 Vol.36,201,600

Filing:May 18,2001 10QSB Quarterly Report
Share price: O.006 C.005
Filing:May 25,2001 8K Current Report
Share price: O.004 C.004
May 30,2001 PR NRES announces Conquistador Plaza 1 week ahead of schedule
Share price:May 30,2001 O.005 C.004 Vol.59,111,000

Note: At this point damage control is no longer working,Astrom virtually disappears as shareholders voice their anger

June 8,2001:Board of Directors Doubles Authorized to 1,500,000,000 Shareholders are still under the assumption that the A/S is still 750,000,000 But in a bit of Legal manuvering allowed in the by-laws Richard and Chris Astrom with the CD holder who at this point is the majority
shareholder vote in quorum to raise the A/S

Share price: O.003 C.003
June 13,2001 PR NRES announces Common stock Buyback program authorized
Share price:June 13,2001 O.003 C.003 Vol.119,942,304

June 26,2001 PR NRES announces Phase2 Hebron contracts to buy 20 acres
Share price:June 26,2001 O.003 C.003 Vol.23,755,400

Sidenote:As of 6/30/2001 O/S 977,005,274 A/S 1,500,000,000
(This was not public knowledge)

July 12,2001 PR NRES announces All debts incurred by the CD paid off
Share price:July 12,2001 O.002 C.003 Vol.84,661,904

Note: NRES website discussion board removed due to overwhelming negative responses

July 17,2001 Astrom states during webcast the A/S is 750,000,000 one month nine days after the increase knowing full well this was not true

Filing: July 23,2001 8K Current Report

July 24,2001 PR NRES announces start of 3rd level at Conquistador Plaza
Share Price: July 24,2001 O.003 C.003 Vol.22,475,600
Filing: Aug. 9,2001 8K Current Report
Filing: Aug. 10,2001 8K Current Report
Filing: Aug. 15,2001 NTN 10QSB Notification of Late Filing

Aug.16,2001 Senior Adult Lifestyles Inc. incorporated in NV
Officers are:
President-Richard Astrom
Sec.-Trea.-Christopher Astrom

Aug.16,2001 Senior Lifestyles Communities Inc. incorporated in NV
Officers are:
Pres.-Sec.-Trea.-Christopher Astrom

Filing: Aug. 17,2001 10QSB Quarterly Report, increase in A/S becomes public knowledge

Aug.23,2001 VAOM does 1 for 20 reverse split
Aug.24,2001 VAOM files 10K

Aug.30,2001 Diamond Star Funds incorporated in Delaware
Officers:
Pres-Sec-Trea-Dir-Christopher Astrom

Aug.30,2001 Seahorse of Coral Gables Inc. incorporated in Delaware
Officers:
Pres-Sec-Trea-Dir-Christopher Astrom

Sept.4,2001 VAOM is registered at Florida Dept.of Corp.
Officers:
President-Braulio Gutierrez
VP-Patricia Gutierrez
Director-Richard Astrom
Director-Christopher Astrom
Sept.5,2001 PR NRES announces Eagle Trace 75% complete, Conquistador Plaza 35% complete
Share Price: O.0024 C.0027 Vol.18,389,300

Sept.10,2001 Day before World Trade Center Attack
Share Price: O.0026 C.0023 Vol.6,406,000

Sept.12,2001 Hollywood Metals Acquisition Corp. NV corp filed in Fla.
Officers:
Pres-Dir- Christopher Astrom
Sec-Dir- Richard Astrom
Trea-Comp-Dir- Harold Solomon

Sept.16,2001 DC Power Products Acquisition Corp.incorporated in Fla.
Officers:
Pres-Sec-Dir-Richard Astrom
Trea-Dir- Christopher Astrom

Sept.18,2001 PR NRES announces 6 house to start at Eagle Trace
Share Price: O.0026 C.0027 Vol.10,239,000

Sept.26,2001 PR NRES announces sale of Granada Grand to VAOM for stock
Share Price: O.0025 C.0024 Vol.12,809,000

Sept.27,2001 VAOM files 8K dated 9/19/2001
Oct.01,2001 VAOM files 8K dated 9/27/2001

Oct.02,2001 PR NRES announces NRES will recieve stock at 50% discount
Share Price: O.0022 C.0021 Vol.6,512,800

Oct.9,2001 VAOM files 8K
Oct.11,2001 VAOM (4) copies Form 3 Init.Statement of Beneficial Ownership are filed
1.Braulio Gutierrez- Pres.
2.Christopher Astrom- Dir/Sec
3.Richard Astrom- Dir
4.Patricia Gutierrez- VP
Oct.11,2001 VAOM (2) SC 13D General Statement of Beneficial Ownership are filed
Oct.15,2001 Vaom NT 10-Q Notice of Late filing

Oct.30,2001 PR NRES Acquires Capitol Guard Corp.
Share Price: O.0024 C.0022 Vol.11,887,200

Nov.2,2001 GNCP files SC13D Gen.State.of Beneficial Ownership..Chris Astrom Preferred stock
Nov.2,2001 GNCP files SC13D Gen.State.of Beneficial Ownership..Chris Astrom Common stock
Nov.2,2001 GNCP files Form 3 Init.State.of Beneficial Ownership..Richard Astrom / President
Nov.2,2001 GNCP files Form 3 Init.State.of Beneficial Ownership..Chris Astrom / Dir-Sec

Nov.5,2001 D C Power Products merges into NRES,NRES starts converting 8% $1,000,000 CD

Nov.14,2001 PR GNCP purchases CT Land from NRES
Nov.12,2001 PR NRES sells Connecticut Properties to GNCP for $2,000,000 in stock
NRES PR fails to mention that the stock is restricted for one year,Therefore NRES
won't see a profit till Nov.12,2002
Share Price: O.0014 C.0014 Vol.21,026,500

Dec.4,2001 According to:
Planner of the Day
Indian River County Planning Division
1840 25th Street, Vero Beach, FL
561-567-8000, ext. 259

They have applied for their
Land Development Permit but have not submitted for Final Plat approval.
Lots cannot be sold until the Final Plat has been approved by the Board of
County Commissioners and the plat has been recorded.
Share Price: O.0003 C.0004 Vol.77,773,900

Dec.6,2001 NRES files Pre14C to increase the A/S from 1.5 billion to 5 Billion
Share Price O.0004 C.0004 Vol.118,540,800
Dec.7,2001 PR NRES announces 10% dividend for holders of record on Nov.19 to be paid
on or about Jan.10,2002
Share Price O.0003 C.0006 Vol.232,768,300
http://ccfcorp.dos.state.fl.us/corpweb/inquiry/corioff.html
http://www.freeedgar.com/search/companylist.asp