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I tend to agree there are other reasons than accounting for the delay like the SEC. A 10Q is less difficult than the a 10K.
So you think they have the right people in place?? Did you get a warm and fuzzy feeling they were going to get it done when Todd spoke??? It was nice they had a call but they really did not have any substance to give the shareholders?
After that call I expect the stock to gap down to a new low today. No real substance in the call like dates and goals to complete issues and forecasts and guidance. Just guessing on the shareholders part. It sounded like you have better odds going to a casino. At least you know your odds there. The only thing I learned was more about what the company had and did in the other companies. To bad I had to learn about this a yr later. If we even have a chance to get back our money it will be yrs. The earnings are a make or breaking deal and I just get the feeling they are not in control of the situation. It does not look good. I did find it interesting that Mercer had two people on the call asking questions. It would be interesting to know how many were on the call. I would expect behind the scene that the major money left in this company will be asking for changes. Unfortunately this sounds like a lot of inside poltics going on this company.
Sounds to me that 2k is capable to get the job done. It makes you wonder if the gov't is telling them to hold back for NNRI for some reason or they just do not like the people they are dealing with at NNRI.
When I talked to Todd back a few weeks ago on this topic he stated that NNRI needed to find an new accounting firm that understands the US accounting system and the reasons for doing things in a timely manner for publicly traded companies. I stated that I thought NNRI had to use 2k because they had the security clearance to do the nuclear work. He stated that they were looking at other firms and that they were being told by the government they would be ok with one or two of the major US accounting firms. I am just wondering what the truth is about the 2k situation. It is obvious to me after this call that NNRI is not in control of the situation and many of the matters for the company. I am still wondering if Todd is capable for this job. The only value I see NNRI bringing to the table for the Russians is money and it does not look like they can raise money in the US with the credit conditions here now. If they cannot get the money this company is finished. It appears the Russians have it set up that way. They have been screwed by IM and Richard Wall and now the Russians have it setup to make it very difficult for them to deliver the goods - money. I found it interesting that only Holt & Todd were on the call not any others. As one writer here stated it sounded like a call for the two to try and save their jobs. I say he hit the nail right on the head along with the need to save their reputations. I just see a 50/50 chance with this management that we have a chance to get or money back. It sound to me the same old same old. They might be honest but it became clear that these guys do not have the experience to run a public company. IM had one thing right they need some additions to the management team. There was no talk about that.
At the end of your career you are remembered by your last action. For John Holt Smith his last action could be being scamed and then taking down shareholders for millions. I believe he does not want to be his last act. So I think he is trying hard to straightening this out but they need more experience in running a public company.
I think you might be right that they do a better job one on one. The problem is conference calls are so important for the stock price. The analyst really pickup the tone and the way things are said. If they feel they are holding back then they sell sell.
I think these guys are honest but it now looks like a couple of yrs before we can get our money back if they can get financing. Boy I wish I had never gotten into this stock. I will never buy a pk sheet every again.
He said they were looking at creative financing. I can see why these guys have a hard time selling. You do not want to be arrogant and cocky but you need to show confidence. I did not get a convincing feeling they had any conviction they would get the earnings out in time and that they would get the financing.
You have to be sincere, honest and confident to sell the shareholders and your product. I just did not get a warm and fuzzy feeling. Just my view. I have sold into GM, Ford , Delphi, GE, Whirlpool and other large corporations and you have to have confidence you can delivery the goods. I just did not get that feeling on this call. This was not the worse call but close. The worse are when a Chinese or foreigner gives the information and cannot speak the language well.
It also sounds to me that the Russians have given them 90 days or a little more time to come up with the money ansd if not all of their agreements will be null invoid. Also it sounds like the Russians have put up barriers to make it difficult for them to get the earnings out in time. MY concern that the Russians will take over for a song looks like it has a good chance of happening. They do not expect this management team to pull a rabbit out of the hat and management does not sound very convincing they can do it. Maybe Carlos Sim will come to the rescue. RW was supposedly working a big deal with him.
Not much info from call. As I see it the only value NNRI is going to add is if they get the financing for these companies to expand. If not they add no value and the Russians will probably take complete control and we shareholders lose everything. I get the feeling they have 90 days or so to get show them the money as Jerry Mcquire stated in the movie. Show me the money. It is a 50/50 chance they can pull it off. If not is over for the American shareholder. All the rest is meaningless.
Where are you getting your data?
The way the stocking is trying it is going to go broke. Or maybe IM is selling his last 50k of shares along with ST.
Basically you are saying the only way to get our money back through a lawsuit against Richard Wall & Barry Davis. You are saying that the company is not going to make.
I agree management is not dishonest but they lacked the know how and ability to run a public company that was being scamed by the founder.
Scorry - Question can Biecom/Fiecom be used in the core and the protective walls of the new plts?? I heard from someone that new plts are looking at this stuff to replace the lead that is outlawed in Europe. I think this is a key question that needs to be answered on the conference call. My calculations show that at least 15 new plts will be built for the next 20+ yrs at at least $3B each. It is my understanding from HL Solutions that the controls for a nuclear plt run around 100M dollars per plt. I am still trying to develop numbers for the cost of the core and protective walls. If NNRI has the products for controls and if Biecom/Feecom can be used in the new plts then the opportunity for NNRI is huge. I am just guessing that the core & protective walls would be worth at least 50M. So the potential for each new plt could be 4-5% of the $3B - 150M ea plt.
Question is what percentage of this is realistics for NNRI to get??
Areva & the Russians will be the dominate players in the building of plts. Areva has stated that they plan to win around a third of all the plts. I think Russia could win almost that many. So if Russia can win 30% then that would be around 5 plts a yr. So NNRI has the potential to go for 150M dollars on each plt.
Last the key is the financing - to survive they have to get financing and I am not sure this potential for the company can get financing in todays market. If they do not get financing then we all lose are money. So the next 90 days is make or break us. This has to be discussed on the call.
Great stuff but a little confused on the contract extendig from 24 mos to 36 mos. What contract.
I heard IM recently sold 150k shares the other day and another 50 today supposedly. Supposedly they released his shares.
Can anyone comfirn this.
This company has to get financing in the next 90 days to survive. If not is will go bankrupt
Good questions but do you believe they will even be honest with us?
You forgot to add the question is how big is the market and what portion they can play in and what portion do they what to go after.
With 15+ plt to be built each yr what products do they have to sell into the new plts - e.g. do they have any electrical control systems - new ones not the one they are supposedly building. How is their control technology compared to HLS Solutions that is winning most of the control systems for the China plts.
When will they get off the pink sheets. HLS Solutions told us at a investiment meeting in May they would be on the Nas by the end of July and it just happened. They have been working on this since last Oct. Need to know if the SEC investigation is also delaying the uplisting.
You make a good point. The President - John Holt Smith could not answer my basic questions - how big is the nuclear market and what portion can NNRI compete in and how do they want get of that portion they can compete in.
My understanding is the SEC has investigated the company and I am not sure it is still going on. I am not sure if IM started it or if the company started it. Supposedly it was between Richard Wahl/IM and the company. We need to know if it is still going on and what the out come is. According to Scorry it was to not release the remaining shares of IM & Richard Wahl. The more people that call the SEC the more likely we can find out.
Sorry my typing is really bad. I meant SEC # is 1-800-9855 for compliant for a security problem - this is the legal group.
Sorry SEC # is 1-800-872-9855
SEC Investigation 3 is 1800-872-9885 - If you have a compliant call them.
I called Newbridge - heir consulting contract with them expired a couple months ago. I asked if they were the market marker for them and they said no. The guy stated there are about 15 mark makers for the stock.
So you are part of King's grp. Looks like they srung him up - he never posts or returns calls.
Only chance for a rebound is they have to first fire Todd and then replace the President.
The longer they delay putting out the date for the call the farther the stock drops. I bet they call it off by putting out a PR asking for a delay. Then it will go to .06.
I did not buy any so it must be someone else.
I will let you know if buy. Because every time I buy it hits a new low. I bought some back at .24 and thought that was a bottom. If I buy now it will probably hit .o6.
This guy nailed it on the yahoo board
http://messages.finance.yahoo.com/mb/NNRI.PK
My understanding is it involves the company too. They have been verifying if management was selling during the pump that they paid for to ST and the meetings that Jim Hock had with IM to promote the stock.
If this mangement did not sell when it was run up by the pumpers then I have to conclude they are honest but probably the dumbest management team to ever run a company. Only the SEC investigation will be able to let us know if they are honest. So far I am leaning toward an honest management but dumb as hell.
For your information I have not sold my shares. I hope that they can tun it around but I am not convinced this is the management to do it.
Question how many more shares does IM & Rich Wahl(including the shares he has under friends & relatives)have to sell??
I think King is quiet because he has talked too much with management. He has been very close to them. He will not return calls anymore to me or the other investors I talk to by phone. I believe he is quiet because he is afraid to being hauled into a lawsuit as an insider. This selling I feel is mostly from his 40 investors that have thrown in the towel. I believe the MMs are buying up cheap shares hoping this could will be a turn around. Scorry is quiet too because she is close to King. I have called King at least 6-8 times in the past month+ and he does not return any calls.
Well do you think this management has served the shareholders interest?? I do not, I believe they need to change CFO ASAP for starters. Then the financial community would then think I say think to take a look at this company. When you have a CFO that cannot get the earnings out on time he has no credibility.
Then they need to get a new President. So what is you ideas to let these people run the company into the ground?
The President told me they do not even have a Power Point Presentation to take into Investment Firms - I mentioned a couple of good ones for them to see out here in SF. I then asked do you have a Power Point Presentation to show them. He stated the company is putting one together. This management is so far behind the times. I have no right to talk because I am not that good on the computer but I know every company I deal with has a Power Point Presentation on their company. How can you sell your company to Investment Houses if you have no presentation. So tell me your great ideas. John Holt Smith is a nice guy but he cannot answer my basic questions and does not have a Power Point Presentation for this company. So I really have concerns about this management team. Sad but they are ruining this company that has a huge potential.
India 30 plt
China 70-80 plt
England 8 plts
Japan 9 plts
All to be built in the next 10 yrs.
And the President cannot tell me how big the market is and what portion they play and what percentage they want. He cannot tell me what products they have so how can he sell customers and investment houses on this company. All the CEOs & Presidents I have met can answer these questions. Sad
Jim Hock and I have gone round and round in some harsh talks many times but I still do respect him for his conviction to support shareholders. Unfortunately this management does believe in his views. They seem to not want to communicate with the shareholders. Jim is very good about returning calls in a timely manner. Unfortuantely this management treat him like a mushroom - they keep him in the dark and feed him sh---t. I personally believe if this management team would have listen to Jim to communicate with us the stock price would not have dropped as much has it has.
Jim H. the IR person called me back last night. We talked as usual, the company does not include him in a lot of the meetings since he is not a director of the company. He was in NY for some of the meetings. I would like others to call him and let know what feeling you get. I have to say I did not get a warm and fuzzy feeling from him this time. In my opinion the company has been holdig back the true story to the share holders. I guess the people in the know know things we do not know. I think my greatest concern that the company will get bought up on the cheap and we will get screwed in my opinion seems to be real possible. Putin has been driving out foreigners in all of the strategic businesses like oil, gas and now it looks like nuclear. This management team I believe has sold the shareholders out. I guess that is what we will hear on the call if it happens. I bet they will cancel it and just put out a PR with the bad news. I wish others would call Jim and see what he says to you. When John Holt Smith could not answer my basic questions on the comany I have lost hope in this management. When the President cammot tell you how big the market is and what portion of it the company can play and what portion of it they want to get I have to say I have no faith in the management team. I believe we are going to get screwed and they are go to take care of what ever they can do for them. Since Moneyguy put up John Holt Smith's number I hope others shareholders will call him and ask him basic questions and see what answers you get from the man. Also Jim stated Todd has not gotten back from Russia I bet the Russian goverment is holdong him to shake down this company so the govermnet can buy it for nothing. This appears to be the Russian's MO. If that happens this company is going to a penny. Praying is not going to help anymore.
Your right this management team has no credibility. The PRs that were released never materialized. Then they missed the earning dates. So to get any credibility they need to fire the CFO ASAP and replace him with someone that has credibility with the financial community. Then other management changes have to be done. I have been saying this for the past couple of months. Since Moneyguy posted John Holt Smith number people should call and express their views.
Also we need to know if the SEC investigation is over and if it has been keeping the company from getting uplisted.
I bet we are told on the conference call if we have one that they got some sort of financing but is going to be bad for the shareholders. It will be with some Russian person and company that is basically going to steal the company from us. It could be in a JV or a stock purchase that will screw us but save the managements investment in the company.
We need to organize here with all of the remaining shareholders so we have our options open. If people want to give me their email I will start to organize the list. I feel the next course of action for us is in the courts. This management team would have a hard time to defend themselves with the PRs that they wrote and if the SEC investigation found anything out.
It is too bad that this great business model has such a poor management team. They still have not sold a thing in almost 2 yrs. I sure hope their investors and bankers at last week,s meeting in NY pressure them to get a new management team.
Also how are hey going to avoid a receptionist or someone to answer the phone??
I agree this was a pretty good board.
I agree I have the names and numbers of 4 people. I had King's number he never answers his phone now. I think his forty investors sold at a big loss but before it goes to zero. I agree. They know they have a problem with the PRs. These according to the SEC are misleading. They have been trying to blame it on Richard Wahl who wrote them. That will not hold up with the SEC because the management signed them. It was the management teams name. The SEC does not care who wrote them for the company. There are about 1/2 dozen PRs that are misleading. The one on the software for accounting to be in place after the first of the yr. King had all of this information layed out to show the management team. I cannot figure out what happened to him but maybe management got to him. Let me know your email address. I have talked to one of the attorney they used about this situation. He got paid I believe in stock. I think we could get together 40-50 shareholders if King has not been bought off by management which is possible.