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Wednesday, 03/07/2007 3:03:13 PM

Wednesday, March 07, 2007 3:03:13 PM

Post# of 3309
Some additional Nannaco/Lochrie history. OUCH!

http://www.arkansaschronicle.com/lochrie062006.htm


License to Steal . . .

Lochrie’s apparent “license to steal” has also enabled him to manipulate the publicly traded securities of two public companies: Reality Wireless International, Inc., which recently changed its name to “Recab International, Inc.” (ticker:RCAB) and Nannaco, Inc., (ticker: NANN). Nannaco is presently reported to be in negotiations to acquire a radiation oncology related business.

If nothing else, Lochrie’s imagination is worthy of James Bond screenplays. On August 11, 2005, Lochrie planted a press release headlined, “Amenni, Inc., Merger Partner of Nannaco, Moves into $1 Billion Pain-Killer Marketplace.”

In that news release Lochrie touts a company he calls “Amenni, Inc.” Supposedly Amenni is a multinational pharmaceutical/nutraceutical powerhouse with operations in London, Zurich, and Saudi Arabia. “For 2004, Amenni's combined revenues exceeded $3 million. Amenni anticipates generating more than $6 million in 2005,” claimed the release.

What Lochrie did not tell investors, however, was that Amenni was merely a paper shell, created by him and a Maryland investor he had recruited. Amenni, according to Maryland corporate records, was first known as Bioceutics, Inc. It changed its name to Amenni, Inc., briefly, then back to Bioceutics. Lochrie domesticated Bioceutics, Inc. in Florida listing another associate as an officer: Dr. David P. Summers, formerly of Endovasc, Inc. (ticker: EVSC).