NNRF Inc (NNRI)

[stocktiger]

Happy New Year.

Some days it seems that the posts get a bit off the wall on this message board.

One post links to the old location of one of ATOLL’s former buildings before their relocation and before NNRF did the acquisition. (Atoll completed its move from its original location in St. Petersburg during the third quarter of 2007.) Another thinks there are extra certificates –while actually many brokers never even accept certificates any more. This rumor was started with absolutely no evidence of this and the company even made reference to it being false. There is no problem with the transfer agent.

The Vysonic site is for a private company and it was under construction and the designer used placeholder information from the NNRF site as some noticed. It was not correct information and not made to be distributed as it was only a mock up for design purpose. The CFO of NNRF helped the company with some paper work. Glad that they can help as that is a good way to find out more about a company.

NNRF in a year and a half has gone from acquiring a shell company to list their stock while having a plan of action to starting to put this plan into action. The stock price doubled in 2007 while the float has grown to a level more attractive for larger investors when the move to the OTC is completed. The market maker is working with the NASD and many of you know the process takes some time but it will get completed. The SEC comment period process was similar and you know it took several months.

NNRF acquired 50% of ATOLL and they have now had a very solid year of sales and earnings and with the help of NNRF have secured a joint venture with one of Russia’s lead pillars of ATOMPROM - OAO ``Nuclear and energy machinery building'' (Atomenergomash). This is a huge accomplishment.

NNRF is about to begin its first installation of its proprietary shielding material FEECOM/BIECOM for a major European nuclear power provider. NNRF is also meeting with a South Korean company about marketing and sales in that region.
The ATOLL yearend earnings will be audited in January with US auditors supervising.

It is understandable the there were shorts and naked shorts when the stock ran up so high before any earnings from ATOLL were even to be reported. The stock for a while was on the naked short SHO list in the summer but is not any more. It ran on momentum trading in the springtime when traders were chasing any stocks that were running. The float was at that time so small that it did not take much to move the price and hence the wild swings. The longs made huge money running it up and the shorts did the same, though it took them much longer, as it came back down.

Now the stock is in most people’s opinion quite undervalued. Stocks go to both extremes. At $10 it did not mean the stock was worth that much at the time but the longs and short covering were able to get it there.

At present the stock is clearly worth more than the current price. Coming down the unwinding of the 144 shares pressured the stock as longs stepped aside and short sellers joined in for the ride. Stocks can trade in cycles and NNRF is bottoming now. Not only is this clear as it is under priced but just look at the increase in posts on this board. When the bashers come out they do so as a rule at the bottom like the late-to-come-longs do at the top.

We know that Russia has massive expansion plans for up to 20 reactors inside the country and up to 60 for export over the many years to come. NNRF is the only US Company with involvement in this area in Russia and so far has the only US stock that you can participle in this Russian expansion with.

NNRI stock is up 100% for 2007 while the Russell 2000 small cap index it down 2% and the S&P 500 is up 4% . Impressive.
For 2008 the stock is likely to do very well as further acquisitions are in the works such as Velcont, that has significant earnings on their own and the consolidating of facilities will reduce costs for them and ATOLL and that will lead to higher profits. The installations of FEECOM/BIECOM for nuclear and medical facilities are only starting and this looks very promising worldwide. The remediation and decommissioning projects that have $4 billion of funding approved by the European Bank of Reconstruction and Development as part of over $20 billion total will eventually start to be assigned to projects of which NNRF will surely play a part.

http://www.bellona.org/english_import_area/international/russia/navy/co-operation/30403

NNRF has partnered with a major player in the nuclear waste container business in the development of a transportation and storage container to be approved for worldwide use.

These are long range and gigantic projects and NNRF has the team who is very well educated and connected with the top level in these areas.

With the quite low volume the stock has shown for the past couple of months it is not so hard for the 144 sales and the short sellers to have had the effect of dropping the share price relatively short term. The stock will for sure make a reversal and a sustainable one and oddly enough at that time all these crazy “conspiracy theory” posts will stop.

The company gave a good update for shareholders in December that came from your questions and we expect more to follow so if you have more questions for management please send them.

When the stock ran up to $8 the smart longs were taking profits and smart shorts started positions. The stock continued a bit but not too long. Now we have the smart shorts covering positions and smart longs are buying. Neither will catch the exact turn point but we are so close it is not important. From these low levels I believe the longs will have significant gains in 2008 and beyond.