On a lark, I recently tried calling the phone number listed at the bottom of their last press release and to my surprise somebody answered. It was Jim Hock. Jim was the former Investor Relations contact at NNRI. (hasn't been involved with the company for six months)
It was a short conversation but below is a summary of what he had to say: (for what it's worth)
* was disgusted with the management of NNRI for not getting out a recent audited financial statement. With no audited financials he saw no chance of availability of investment money. Especially for a pink sheet. Supposedly relayed his concerns to management. Also claimed foreign investment in Russian equities has slowed to a trickle in part caused by Putin's adventures in Georgia, etc.
* failings of the company weren’t helped by the lack of experience of executive management in running a public company
* wasn't sure what the company was doing now if anything
* wouldn't discuss Richard Wall
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Anyway, what a total mess (or any other description one chooses to use) this has been. Lesson learned.
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