Information posted on NNLX website on the 2006-2007 financials at the bottom. Now investors can understand why Felder was not nominated to be on the BOD for the Shareholders' meeting scheduled Dec. 28th 2007. The following below is copied and pasted from the website:
* On 9 November 2007, the Board of Directors institued arbitration proceedings against Messrs. Felder and McClelland to recover approximately $265,000. $220,000 of these funds were transferred to Messrs. Felder and McClelland during the last fiscal year, and these funds are now treated as an account receivable due from Messrs. Felder and McClelland to the Company. External counsel retained to handle the arbitration have indicated the claim is legitimate and substantial, but as with all disputes of this nature, there is significant risk that the Company may not be successful in its claims (in whole or in part) or in executing a judgement if it is successful.
On the advise of counsel, the Company will make no further comment on these issues during the pendency of the arbitration proceedings
AI
Market Data 
Markets 
