Also ...the mention of changing the stocktransfer agent,the company has stated than it has not done so,the reason the company absolutly should is by doing so the shares and records get passed on to the next agent,in doing so you are in effect reconsiling all the shares outstanding.I know they like Jason at signature and have nt had any problem with him ,but it might be a stategic thing to do.
if at the point your broker cannot secure those shares for you r share entiltement they are insured against such loss,and the reason some brokers use offshore accounts is its harder to track down and the SEC has harder time getting judgements against an offshore entity,not to mention the TAX implications..
So the people holding the bag are the brokers who execute the trade,Nite..UBS will at some point cover the position...weather it will be at 50 cents or 25 bucks remains to be seen...many times when this naked shorting occours the people doing so expect the company to fail so they NEVER have to cover or if they do its in SUB penny land...
The thing NNRF has going for it is they have a $2.5 million dollar line of credit to draw from so they can remain operational for some time as they build out the bussiness,and Atoll should be paying a dividend payment as an ongoing basis mid next year,so NNRF is not going to be packing up anytime soon...i think once Managemnet lays out the game plan for 2008 the Stock price will turn up quick,and those short will realise its better to cover now rather than later...just my opinon....althou management has taken long to get certian things done i think they now are moving things along..
