Video River Networks Inc (NIHK)

[206 bones]

NIHK has no real estate holdings, no Electric cars or anything else. It has Zero paid employees, just Frank and a couple of "volunteers" who are supposed to be the "best of the best". There is a lot of repetition in the 10K and I did not wade through all of it. Most of what I read is hope and dreams, still about cars, technology, remote controls, etc. I am holding in case Frank can put something together as he holds 60% of the outstanding shares, but I'm not holding my breath. I think on the whole he is just a con man who promises lots and then, as we have seen, just disappears. I don't understand why he put so much of his own money into NIHK if he did not intend to do something with it. Perhaps Covid and the general business climate knocked him off his game, but at the very least he should have kept his shareholders informed. I have held NIHK since it was Video River Networks under Doug Saathof. It was going well until they lost a patent on some remote electric meter reading device and then went to zero pretty fast. I consider my "investment" a total loss until proven otherwise. Best of luck to all.