Monday, February 23, 2009 4:08:53 PM
It was a short conversation but below is a summary of what he had to say: (for what it's worth)
* was disgusted with the management of NNRI for not getting out a recent audited financial statement. With no audited financials he saw no chance of availability of investment money. Especially for a pink sheet. Supposedly relayed his concerns to management. Also claimed foreign investment in Russian equities has slowed to a trickle in part caused by Putin's adventures in Georgia, etc.
* failings of the company weren’t helped by the lack of experience of executive management in running a public company
* wasn't sure what the company was doing now if anything
* wouldn't discuss Richard Wall
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Anyway, what a total mess (or any other description one chooses to use) this has been. Lesson learned.
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