Colt - your very fist post on iHub and you use it to call us dumb.
When you make your very first and only post on iHub and use it to allege that the people here bought without knowing any fundamentals of the company you will get quickly ignored as you are calling us all stupid. Many people here have known the company for a year now and I only went to their office the first time last September but was a shareholder already. We know a lot and it is obvious that you do not.
The chairman of the board is a former United States Assistant Secretary of Commerce yet you are looking for something credible? He was also Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co. Do you not read.
The CEO is he former Deputy Nuclear Power Minister of Russia -- hello.....
One company advisor is a member of the Russian Federal Parliament Committee on Credit Organizations and Financial Markets. Read it again if you do not understand it.
The newest addition to the team is former department head of the Department for Decommissioning of Nuclear and Radiation Hazardous Facilities of the Federal Agency for Atomic Energy of the Russian Federation. He is recognized as the most knowledgeable and experienced expert on current and future decommissioning projects in the Russian Federation by the European Union, the European Bank of Reconstruction and Development and the donor countries of the G-8.
So your very first post on iHub lets us all see that it is not us but you who have never done any D&D on the company.
The reason that that stock ran up was when NUCON-RF completed the 50% purchase of ATOLL and ATOLL has solid government contracts so far in 2007 for $183 million.
There are about 25 or so more reasons of course but you should read them on your own instead of us having to repost all that we have over the last year.
Here though is a review from the highly credentialed Lawrence C. McQuade the company's Chairman of the Board:
We continue to make great progress in the implementation of our strategic plan. In addition, we have added to our core capabilities through an acquisition of nuclear reactor related manufacturing facilities, project tender awards, technology acquisitions, significant additions to our senior management team and participation in international nuclear weapons decommissioning and disposal projects.
To set the record straight and illustrate the core capabilities of the Company, we wish to review our current status:
Our Strengths
We believe that the following competitive strengths allow us to capitalize on growth opportunities in the nuclear services industry:
Solutions Offerings. NUCON-RF and its associated companies have established the nucleus of a comprehensive portfolio of specialized, technology-based nuclear services in the Russian Federation, CIS and European Union. Our range of services, extensive experience and proven senior management credentials position us to pursue a wide range of nuclear services contracts. This combination allows us to respond to specific, technical customer needs in an industry that requires customized solutions. In addition, we believe our strategic partnerships with the Russian Federal Ministry of Nuclear Energy - decommissioning department, and such Russian companies as ROSATOM, ATOMSTROYEXPOERT and ICES now position us to pursue large nuclear services contracts, including our participation in multi-billion dollar multilateral radioactive waste clean up projects. In the European Union, we anticipate entering the market through one of the world's leading energy companies.
Vertically Integrated Services. Our capabilities are derived from the three specialized divisions of the Company: Manufacturing, Decommissioning and Disposal, and Technologies. This enables us to provide comprehensive customer solutions that effectively change the nuclear services paradigm. Our design, engineering, technology and manufacturing divisions and contemplated acquisitions have established these capabilities. Access through our strategic alliances to key processing and disposal facilities in the Russian Federation also enables us to complete a broad range of projects efficiently and cost-effectively. We believe that this access provides vertically integrated services that distinguish us from competitors that must coordinate their efforts with multiple third-party contractors to offer a comparable range of services.
Long-Term Relationships with Attractive Customer Base. We offer specialized manufacturing, engineering and technology-based nuclear services to a broad range of customers, including Russian and foreign government agencies, commercial power and utility companies, research laboratories, universities and other commercial entities with nuclear-related products or operations. We generate the majority of our revenues and cash flow from customers with whom we have established long-term contracts. For example, ZAO ATOLL, which contracts with the state-owned nuclear power company, ROSATOM, typically can cover the operating life of a nuclear reactor through its decommissioning, which can be longer than 30 years. In addition, our government contracts are generally multi-year with potential extensions.
Technologies and Operating Expertise. We have a substantial portfolio of nuclear processing technology and know-how, supported by patents that we own or license. This enables us to participate in a wide range of projects involving materials with varying levels of radioactivity. For example, we employ proprietary technologies for processing radioactive waste which are currently in demand and are an important factor in procuring prime government and multilateral contracts. As an existing member of a prime contract team, we are participating in projects at nuclear, radiological and industrial facilities at former nuclear fuel disposal and refueling sites in Russia including Andreveva Bay, Saida Bay, Gremihka Bay, the specialized Federal technical boat Lepse, and the dry storage facility under construction at Zelesnogorsk for spent nuclear fuel.
Significant Management Capabilities. Our senior management team and employee base have extensive industry experience. The global nuclear services industry currently faces a shortage of highly-trained professionals. We believe our human capital, together with the unprecedented access to our strategic partners' engineering capabilities, are a core competitive advantage and enable us to deliver comprehensive solutions offerings. Our senior management team has several decades of nuclear-related project management experience on large customized projects, as required by government and commercial customers.
The dawn of a new nuclear power age will be a boon for suppliers of nuclear reactors and related equipment and services. Making that a growing possibility are global warming concerns and a worldwide appetite for electricity. We encourage you to visit our web site, http://www.nucon-rf.com and to make inquiries on any questions you have about our current and future operations.