Replies to post #7869 on NNRF Inc (NNRI)

[PrimeTrader]

Yes Stockseeker, "I do think that we need some answers on the past but the only way to get out of this whole is to give management a chance to explain these issues but tell us how this company will be able to move forward" - my sentiments exactly.

It seems to me that McQuade and Holt-Smith took the steps to try and save this company on June 4th. Until then, it seems Wall had a great deal of control over what was happening. Maybe I'm old fashioned when it comes to business ethics, but I see a CEO who had 2 choices: 1) bail out and save his own reputation when he found out the company had been raped behind his back, or 2) try and save the company. Seems to me he made the ethical choice.
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NNRF, Inc. Announces Contract Termination
Wednesday June 4, 8:00 am ET

MOSCOW, June 4, 2008 (PRIME NEWSWIRE) -- NNRF, Inc. (the Company) (Other OTC:NNRI.PK - News) advises that it has terminated the consulting contract between the Company and Mr. Richard A. Wall effective immediately. Mr. Wall no longer represents the Company in any matters. The only individuals authorized to speak on behalf of the Company are the current Board of Directors (Mr. L. McQuade and Mr. J. H. Smith) and Officers (Mr. P. Goerke and Mr. T. Sinclair).

[kingthorpe]

stockseeker...the reason i choose to enlighten shareholders now is this...
1)shareholders have a right to know
2)RW is setting up another company to do it all over agian...investors need to be warned..
3)if the management is going to rebuild this company they need to get this out and behind them...they don t want to be dealing with these issues a year from now ...let s deal with it now and go forward..
4)at the CC management will not be able to specifify talk about RW and some of the things taken place....but getting it out there shareholders can understand what they are dealing with...
5)there is a lot of inuendo reguading this company...and it bugs me when half truths or suppositions keep hitting the boards..so i think those links i posted will clear the air..

Some points shareholders need to know to understand how this could happen...because that is the big question...

1)first off Richard wall is the founded and his family the largest group of holding...Richard called ALL THE SHOTS...
2)management would not have know how widely RW had distributed shares because they where private sales...the only time they would know is when the individual buying sells...by that time its to late...as the 144 started coming out Todd was wondering what hed done...thats why BD hated Todd so much...and the fact Todd visits russian only to find out some of the stuff is BS.
3)Holt Smith was asked by RW to jion the BOD as president for a couple months just as a stand in till NNRF got off the pinks...so in the begining Holt had no operational duties,he was just standing in to help them out...Richard Wall ran the whole show...NNRFs corperate laywer quit because RW was so difficult to deal with...and NNRF public relation s guy quit as well bacuase he did n t agree with how RW was issuing NRs...
4)RW has done this in the past...he s a PRO..in fact hes been litagated as well...its in his best interest in NNRF fails as all the noise goes away...well its not going away
5)by the time management started to question what was going on it was too late...they where already hammering out stock...RW even had a fluff NR involving Carlos Slim and RW and Barry Davis was furrious that the company wouldn t release it..thats when they relised the gig was up and hit the sell button...

Don t expect management to disscuss RW at the CC...they can not talk about it as there is SEC intervention...the CC should be a good time to publicly clear up questions on operations and future plans ...