Friday, September 12, 2008 1:49:25 PM
I am not defending management. They may have known and looked the other way as RW pulled his scam act with IM/ST. At this point, it is what it is.
I read the comments from the SEC on the filings. Those were not lies. The SEC had questions and answers were given. The SEC gave approval for NNRF to be fully reporting and, in fact, told the company earlier to begin with a 10Q. The agreement with GBMR was not a lie but it no longer exists. The other techs held by NNRF also exist although Radseal is somewhat questionable. I also believe the dividend pymnts from ATOLL are factual even though for limited dollars.
What happened with the uplist is still a mystery. It certainly appeared that movement to the OTC should have happened. I also believe the reporting issue should have been settled long ago.
NNRF consists of two elements, NuCon-RF and ATOLL. I don't know what funds are needed to keep the company afloat. ATOLL is profitable. NNRF can use shares to pay for svcs and NNRF payroll. They will need cash to make SEC filings but those can be deferred.
Will they be successful in any of the NuCon-RF activities? Who knows. I own shares at an average cost of .24..I may lose it all or I may not. I'm holding for now...
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