Posted by: EyeWatch
In reply to: None Date:4/23/2008 4:16:36 AM
Post #6385 of 6485
I see what's happening. Below is an excerpt from the 1/10/08 NR.
The GBMR shareholders are upset with 1) their President who doesn't communicate with them, and 2) NNRI for not selling more NuCap. And, if you read the GBMR board on Raging Bull you'll see a bunch of sub-penny stock players talking about their stock making "moves". So, if they can get the price of their stock to go from .0014 to .003 they can double their money. All they have to do is create an "event" whereby they try to go after another company that might give the appearance of benefitting their stock. Sweet deal for people who like to play the pink sheets.
Let's see! Is it the management of GBMR who owns the license for Nucap threatening NNRI? Or is it GBMR shareholders who are upset with the inactions and non responsiveness of GBMR management who are trying to find another pocket to pick?
Seems the company already responded to this nonsense.
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Press Release Source: NNRF, Inc.
NNRF, Inc. Announces Review of Corporate Activities 2007
Thursday January 10, 8:43 pm ET
.......
NuCap(tm)
NuCap(tm) is a silicon polymer composite designed to encapsulate radioactive material. NNRF has an exclusive license from Global Matrechs, the owner of the NuCap(tm) technology, to market the product in Russia and the rights, on a non-exclusive basis, to market NuCap(tm) in other CIS countries. NuCap(tm) is manufactured in the United States. During the year NNRF management and scientific group met with representatives of Global Matrechs and the supplier Dow Corning to review several matters including preparation and application of the product. These meetings took place at Dow Corning's facility in Wiesbaden, Germany in October and November and at the Stusdvik testing facility in Karlsruhe, Germany in November. In attendance at the Wiesbaden October meetings from NNRF were Peter Goerke, Todd Sinclair, Hans Englemann and Klaus Rose. Global Matrechs was represented by its President Michael Sheppard who was accompanied by Mr. Shawn Kuch from Dow Corning USA. The November Wiesbaden meeting was attended by Goerke, Englemann and Rose and from Global Matrechs Michael Sheppard and his consultant Mr. Archer Haskins. The various meetings were intended to learn more about the product's characteristics, ensure that NuCap's performance would meet NNRF's requirements and discuss product application issues.
NNRF has received customs clearance for the import of NuCap(tm) into the Russian Federation under the Foreign Economic Activity Commodity Nomenclature (FEACN) No. 3214101000. During 2008 our Moscow staff will be working with various Russian groups on engineering and evaluation issues.
No sales of this product have occurred to date and at this time the company is not able to forecast NuCap(tm) revenues for 2008.
Any reference to a conspiracy by NNRF to illegally use Global Matrech's proprietary products is completely false.[/b}
AI
