China Growth Stocks

[rru2s]

NEP not ready to talk RE planned acquistion

Another key takeway from the much appreciated contribution by BullsOnWallStreet quoted from his BLOG after he talked with IR yesterday:

"2) What about new acquisitions and why didn’t they have a conference call this quarter?"

ANSWER (Paraphrased): "As far as new acquisitions though, if you read the 10Q you will see references to a potential new deal or acquisition that the company has been working on. They are not ready to discuss it. They certainly did not want to have a conference call yet since there would be many questions around future growth prospects, what they’re doing with their cash reserve, etc, and they simply aren’t ready to talk about it."

While the 800K was just for the drilling subsidiary's office, NEP is stating in no uncertain terms that there are other acquisition deals in the works. Also good news for forward-thinking investors.