Nutranomics Inc (NNRX)

[justatrader]

Back at the beginning of the year they stated that the additional 50 billion shares that were authorized were to be used to raise 20 million for the purpose of acquiring The Plant and its expenses. To date they have acquired The Plant and are financing the completion of the building and have used far less than expected so far. At some point as The Plant starts producing/selling more product I am assuming it will become self sustaining and showing a profit. Only time will tell, the EOY report is suppose to show The Plant finances, that will be the telling quarter. Till then I will be sitting tight, don’t plan on putting any more money into it but not selling any of the shares I have either. With the high future outstanding count I’m not expecting multi dollars, but a dime is not out of the question and there’s always share buy back that could happen. As for a RS I don’t see it either in the near future, unless they do reach the low dollars and are looking to increase share price to move out of the OTC. A RS at these low prices would not accomplish anything.