NNRF Inc (NNRI)

[sijoittaja]

"Current lack of financial information from ATOLL"

They have 50 % ownership and 4,5 MUSD in ATOLL.Is this MATERIAL?
According to US regulations SHOULD they tell something to NNRI owners how ATOLL has gone (June 30.2007) or not? They know or at least THEY SHOULD KNOW how ATOLL goes! And so should know NNRI investors too.

"Consolidation - The accompanying consolidated financial statements include the accounts of NNRF, Inc. and the following wholly owned subsidiaries after May 23, 2006: Nucon, Inc., Abucco Technologies Inc. (Abucco), Stafford Energy Canada Inc. (“Stafford Canada”) and Nucon-RUS from the dates of their acquisition or formation. Intercompany accounts and transactions have been eliminated in consolidation. Due to the Company not being able to influence significant control over its investment in ATOLL, the Company accounts for this investment at its cost."

"The carrying amount of the investment in ATOLL at June 30, 2007 and December 31, 2006 was $4,566,250 and $1,166,250, respectively. The carrying amount of the investment in ATOLL is deemed to be the fair value because it is not practicable to determine the fair value of the investment due to current lack of financial information from ATOLL"

I am not a consultant or owner (at this moment) of NNRI )