Regarding fears about late financials, I started following another company....Puda Coal (PUDC.OB).....at the beginning of 2006....about the same time I started following National Storm Management. Both companies experienced substantial runups......followed by extreme decreases in pps. I didn't get in on either last year, because I had everything tied up in FRPT.
As good an opportunity as FRPT has been and will continue to be, I felt I could do even better now percentage-wise in some lower priced opportunities. Starting last November, there were a series of circumstances which drove Puda down from a mid-year high over 6.00....to below $1.00. These circumstances reminded me a lot of what had driven FRPT below $1.00 at the end of 2005. The final straw was when they filed with the SEC that their 10K-SB would be late....but at the same time reaffirming some very positive guidance. The late filing scared a few more people out when added to other issues of concern....and that was when I decided to buy. Puda put out their late 10K at the last possible moment...and it was all very encouraging. Got in at .88 on April 4th before the 10K came out....and it's up over 2.00 now.
But the fact that NSMG isn't even discussing ANYTHING about financial results.....something to the effect of "we're gonna be late, but it's looking positive.".......it's that total lack of information that makes it difficult to know how to proceed. Late filing can create good buying opportunities for those who like to capitalize on the fear and uncertainty of others. NSMG seems totally unconcerned with investor communication at the moment, and it doesn't help one try to evaluate the nature of the opportunity here. In the absence of information.....brikk's advice seems to be the sanest approach........