NNRF Inc (NNRI)

[breakpoint]

NO 7M is NOT operations, it's general and administration expenses.

True, they did not get 5M cash out of Atoll, it was put back into the company. Think of it like this, the investment went up 5M. It's like owning stock that went up 5M.

you wrote:
So if atoll only does 60% of 2007 revenues in 2008. What is nnrf's equity worth?

As long as the bottom line profits are growing, then the bottom line of the enterprise is increasing.

However, what if Atoll does 200% of 2007 profits.

The important news to keep an eye on now will be future contracts etc that hopefully materialize.

I'm leaving it at this.