InvestorsHub Logo
Followers 10
Posts 2722
Boards Moderated 0
Alias Born 12/31/2006

Re: kingthorpe post# 8102

Friday, 08/08/2008 5:52:56 AM

Friday, August 08, 2008 5:52:56 AM

Post# of 11478
Sounds to me that 2k is capable to get the job done. It makes you wonder if the gov't is telling them to hold back for NNRI for some reason or they just do not like the people they are dealing with at NNRI.
When I talked to Todd back a few weeks ago on this topic he stated that NNRI needed to find an new accounting firm that understands the US accounting system and the reasons for doing things in a timely manner for publicly traded companies. I stated that I thought NNRI had to use 2k because they had the security clearance to do the nuclear work. He stated that they were looking at other firms and that they were being told by the government they would be ok with one or two of the major US accounting firms. I am just wondering what the truth is about the 2k situation. It is obvious to me after this call that NNRI is not in control of the situation and many of the matters for the company. I am still wondering if Todd is capable for this job. The only value I see NNRI bringing to the table for the Russians is money and it does not look like they can raise money in the US with the credit conditions here now. If they cannot get the money this company is finished. It appears the Russians have it set up that way. They have been screwed by IM and Richard Wall and now the Russians have it setup to make it very difficult for them to deliver the goods - money. I found it interesting that only Holt & Todd were on the call not any others. As one writer here stated it sounded like a call for the two to try and save their jobs. I say he hit the nail right on the head along with the need to save their reputations. I just see a 50/50 chance with this management that we have a chance to get or money back. It sound to me the same old same old. They might be honest but it became clear that these guys do not have the experience to run a public company. IM had one thing right they need some additions to the management team. There was no talk about that.