NNRF Inc (NNRI)

[kingthorpe]

stocktiger...i am confused?

you wrote...""As NNRF only completed the 50% on March 13 their share of the profits for that time were better used to stay with ATOLL for equipment purchase in my opinion as that is what will drive higher profits.""

Thats fine and dandy..but...why was there not any revenues or dividend recorded?even if Atoll kept the money in the company to expand the business NNRF should still have recorded the dividend payment then turn around and give Atoll the proceeds at least on paper...the way i see it Atoll owes NNRF at least $900k minimum for 2006 and first Q..NNRF should be recording that as earnings...and that was based on 13.25% ownership..

If Atoll does 5 million again in the second quarter for profit and NNRF is now 50% owner then thats $2.5 million profit or 6 cents per share for NNRF..in speaking with the company they expect to do 40 cents earnings this year minimum..if NNRF has payed out close to 5 million for Atoll s %50 then they should be recording the dividend as earnings and acually recieving it..where they spend that money is up to management at that point...

ST...you said they would have earnings out by month end...is this it?..some how i think you need to clarify what earnings you are talking about..Atolls or NNRFs?..or both...if we know Atols numbers its easy to calculate NNRFs dividend...i just don t know why no dividend has been recorded on the books?