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Replies to #2525 on NNRF Inc (NNRI)
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GIBBER

09/21/07 12:09 AM

#2526 RE: AMA #2525

I have been holding a good size stake for months and listened to the promoters and not my gut and the stock movement. Just kept the faith of the promoters while the 144s came in an sold while we were used to hold the price up for them. So when I saw the 450k sale when the promoters were pumping the stock I finally woke up and realized what they teach you in econ 101. Lost opportunity cost. I realized that I was losing opportunities well waiting for the promoters to keep your hopes up for a great company not now but down the road while being in the hole. It is obvious the market professionals did not buy the latest PR release the stock went down. They are smarter than me. They do not buy on hope they buy on earnings, guidance, not expects to get orders only on confirmed orders. I am just realizing after talking to many people in the company they do have great management but they are not in control of the situations - the culture differences are a major problem. ATOLL does not care about getting the earnings out in a timely manner and etc. So it will take at least until next year until they can work through these culture issues and gain control of the important things things needed for the investment community. I don't know how many times you have talked to company officials but I have talked to them more than a dozen times in the last 3-4 months. They are very good about talking to the shareholders. Lousy at getting PRs out. I have talked to the CFO 2-3 times. The IR person 6+ times, one technical engineer one time, their long term strategist 2-3 times. They are all first class. Please confirm how many times you have talked to company officials. After talking to them it is obvious the promoters are not doing a service for the company. It is obvious this will be a great company but the stock will not reflect that until next year at the soonest. They have to get their hands around many issues. I am confident they will do it but in the meantime the stock is dead money. The 64k question is are there better opportunities to make up my loses until the stock reflects this is a great company that is the question that has to be asked. I am convinced we will not get the 2nd qtr earning until the 3rd qtr is over. This not away to get the big investors that more the stocks to buy. Also they will not be on a major exchange until next year in my opinion. So we can all be used to help the 144 sellers get a better price. My hat goes off to the promoters they have done a great job. They get an A++ for the job they have done. So think about all of what I am saying also call the company and talk to the officials. They are very honest and straight forward with what they can say. It is too bad the promoters are not as honest as the management team. The promoters do not reflect the management. They are doing a dis service for the company. So please let me know how many times you have talked to the company officials. I have faith in them but the stock will not reflect their capability until next yr. Unfortunately the promoters have hurt the stock to take off. It will but it will be longer than if they did not have promoters. Long investors will get rewarded but it will take some time.