Replies to post #3620 on NNRF Inc (NNRI)

[lokken]

The purchase of NNRF by Stafford [Stafford was subsequently renamed Nucon] is unique because it seems that only 2 or 3 people [the former Stafford president for 1] benefited at the expense all the other shareholders of both Stafford and its earlier acquisition of Abucco. Here is a brief history:

1. Abucco, a private B.C. company is formed in 1999 raising capital from friends and family and an Angel group to develop monitoring and control hardware and software. A total of CDN $1,500,000 [approximately] was raised.

2. As Abucco required funds to grow it sold to Stafford Energy Inc. [a Pink Sheets shell] for CDN $250K in 2004, giving the Abucco shareholders 25,000,000 shares of a 50,000,000 Stafford issued position. Stafford was supposed to inject a further CDN $ 1,000,000+ [to assist in the growth of the Abucco operation], which it did not. There was no support provided for either the Stafford shares or the ongoing Abucco operation [the employees and some suppliers went unpaid].


3. By spring 2006 there were no paid employees at either Stafford or Abucco leaving a company whose only assets were a shell without any resources. At this point the president owned about 5-7% of the Stafford stock.

4. On May 2 2006 the president announced that the Stafford board [all Canadians appointed by him] confirmed a stock-for-debt transaction [$10,000 debt for 50,000,000 Stafford shares]. This transaction had a nominal date of Mar.2 2006 [at which point the Stafford shares were trading at $ .005 a share].

5. The transaction was approved by the board, giving the president 55+% of Stafford. The Stafford shareholders were not consulted or informed of this transaction before the fact, nor were any other debt holders offered the same offer.

6. On May 4 2006, with the required 55+% control, the president effectively sold Stafford to Nucon-RF and agreed to a rollback of 275-1 prior to the conversion. Stafford was also to receive 3,000,000 shares of Nucon-RF for post-consolidated debt.

7. This means that the president received 180,000 shares of Nucon for his Stafford position plus his share of the 3,000,000-share debt allocation for $10,000. All the other Stafford shareholders combined received 163,000 shares with no share [to my knowledge] in the 3,000,000 post-consolidation shares.

8. The shareholders were never consulted on the transaction and requests for information on the disposition of the 3,000, 000 "debt" shares have been denied.

9. After the purchase and name change, Mr. Connors resigned leaving Mr. Sinclair as the only NNRF director with any affiliation with Stafford. Mr. Sinclair is an officer and significant shareholder in NNRI.

10. The questions remain; were the Stafford shareholders treated fairly and who benefited from the allocation of the 3,000,000 Nucon shares that formed part of the transaction?

11. The original Stafford/Abucco shareholders did not have the resources at the time to mount a lawsuit at that point.

Welcome to the Pink Sheets

[moneyguy1969]

Hi microgal


Well according to the iceman the company is going to Europe(summer'07) and meeting with one of the 5 biggest investment banking firms in the world. The guy they are meeting with represents 28 billion dollars and has friends around him that have over 500 billion dollars. He says he will deal with the shorts and not even to worry.
The company will be listing on 4 various world exchanges, the first will be the Russian exchange in the middle of Oct'07.
The company will be a replica of Gazprom which is the largest company in Russia and the 4th largest in the world.
The people buying this stock are major major wealthy people and they will not get scared when the stock drops a little, they will just buy more. He remembers buying a stock in 2000 at .25 and people kept shorting at 2..3...5 and went to $164 in two months and the shorts got crushed.
This company NNRF, as Iceman states, "I believe in 6 months(March'08)will be doing 2 billion in business."
The beginning of Sept'07 they go on a road show to the Arab world so (1)the Europeans will take over the stock, (2)the Arabs will come to the rescue,(3)the Russians are coming in the middle of October(07).
He believes they will get the #1 brokerage house in Russia (which is equivalent to Goldman Sacs) behind them and they will buy 20...30....and 40 million shares.
Icemans target price for the stock.....well he is afraid to say the number......"it would not suprise him if the stock was from $80-$200 by the middle of 2008." And you can laugh at that all you want, but when you see all the aquisitions and all the contracts that this company is about to sign, and the short squeeze about to take place,the shorts better watch there tush because this company is about to take all there money away.
"The meetings in Europe are going exceptionally well. I expect by the tone of the people in the meetings that both financing and major buying will be coming out of the meetings in Europe. There will be millions and millions and millions of shares to buy and short busters with billions of dollars and no short can stand up to this power of these people".
and let me tell you..."you who own this stock will be well rewarded".
Now at the beginning of Aug.(when the stock is at $3)his target becomes $11 by the end of Aug.(07) and he is of the opinion "that this will be the biggest winner I will ever have in my life"."The stock is kind of like spontaneous combustion where the heat builds up in a barn with oil rags and keeps getting hotter and hotter and hotter and then just explodes".
Then there is the 4 Spanish-American ballplayers that bought 4 million shares. And 11 million more coming in to buy and the shorts are gonna get killed and there is nothing they can do to stop it. It would not suprise him that "they will have to pay $25 to cover."
Then the meetings in Latin America in front of thousands of people who will be hearing about NNRI. This will be bringing in millions more of buying. Enough buying that will really explode the stock.
Lately he remains "extremely optomistic on the stock and with all the major announcements coming out by the company I have not changed my mind that this stock will be way way in excess of $50/share."

Quite a story!!!!!!!!!