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Friday, January 25, 2008 3:53:09 AM
By SEC regulations any restricted stock that comes availible to sale the owner must file a 144...so what..let them sell...how many people would partisapate in a financing ..promotion...advisor to a company if they could never sell the stock...so what ..the float is only 9.5 million shares..insiders have not sold any...many of these 144 sales where people paid for a service who are now converting...and some are Mercer clients...they took the risk of financing NNRF at 75 cents when it traded at 60 cents and under...it could just as easily gone down from there...
What people here don t understand is the connection between these financings and Russia...combined with Atoll...you ll figure it out eventually..
Gibber...think about this...NNRF paid 475K for 2.5% of Velcont...so Velcont as a whole must be valued at $19 million...JSC Electroprivod, Velkont and ROAR. In 2006, the three companies had combined revenues in excess of US$13 million.
Atoll is going to have revenues of $75 plus millon and $17-90 million profit in 2007...what do you think Atoll is worth alone?NNRFs 25.5% partisipation in JSC Electroprivod, Velkont is expected to be $7-8 million...think about it...NNRFs 50% investment has to be valued at at least $25 million...and Atoll is taking back an equivolent partisapation in these acquisitions...so NNRF s value grows and so does Atolls...i think many here just don t understand the concept NNRF is bringing together...before any of this even started to roll Mercer..Newbridge..Jim Hock...all went to Russia to check out NNRF s prospects...
So if anyone doesn t like the way NNRF is being operated ..then SELL...just SELL its that easy...soon there will be many buyer s coming in to take care of the disinchanted shareholders...and manegement knows it...thats why they are not sweating the daily bashing of the company and the volitile stock price...they know the fundementals will soon reveal its true value...at that time they will activly persue institutional support...the uplisting has to happen first...as many can t buy PINKS..so sell if you don t like it...we are getting close to 120 days since Newbridge filed with the NASD..so i don t think it can be long now...and NNRFs USA auditors are in Russia doing the year end now...so i will wait some more here...Batscam can post whatever half truths or even downright lies..it makes no difference in my desision to hold and even buy more NNRI..
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