Nucon RF Inc (NNRF.PK)
Maybe too late or not, just found this. It broke out last Wed on what news I don't know. I coulldn't find anything for that date. I looked around and found something in the forum at Investor's hub, a link to an 10-SB filing to uplist to OTC.BB. (Man those people talk alot of smack over there but seems they have alot of info on stuff. Saw alot of talk about someone named Stocktiger who promotes it alot. He had some posts on the board as well. He's claims to be a long term holder.)
Anyway, Here's the link to the 10-SB
Here's the chart.
It rose ALOT back in March & April on news.
It may go up some more Monday...maybe. I don't know if the 10-SB is the news it rose on. It rose Wednesday something like 32% and broke just above the 10 day. Rose a little more Thurs. Then retraced a little Friday on lower volume than the previous two rises. Held above the 10 day. MACD crossed up on Friday. RSI is still below 50. Sto is still pointing up. If it breaks the 50 day it may go higher.
Some brief DD
from an OTC report on the company....
"It recently acquired 50% of ZAO Electro Machinery Building Plant ATOLL, with more than 200 employees. ATOLL had 2006 revenue of $43,137,000 and is expected to realize revenue of $120 million and pre-tax profit of $22.2 million in fiscal 2007. NNRF owns 50% of ATOLL, the maximum permitted under Russian law. NNRF 's participation in ATOLL's profits shall be received in the form of quarterly cash dividends from ATOLL."
"MOSCOW, July 9, 2007 (PRIME NEWSWIRE) -- NUCON-RF, Inc. (Other OTC:NNRF.PK - News) today announced that it is in the final stage of consummating the acquisition of 50% of ROAR, one of its three pending acquisitions."
July 9. 2007-- "NUCON-RF, Inc. Announces Stock Dividend to Shareholders of Record"
July 10, 2007 --"NUCON-RF, Inc. Announces Formation of Joint Venture With Russian State Company"
July 13, 2007 -- The American company Nucon RF, founded in 2006 by former deputy minister of atomic energy Valery Lebedev, has announced that it will enter the over-the-counter stock market in the United States in the third quarter of this year.
NNRF is a U.S. corporation with executive and operations offices in Moscow, Berlin and Washington. NNRF offers design and manufacturing of specialized products for nuclear reactors and nuclear waste management; proprietary nuclear shielding, decommissioning and decontamination technologies; and engineering/design services for a range of environmental challenges. NNRF owns manufacturing facilities and provides both equipment and services for nuclear power plants and compliance, shielding, transport and interim and final storage requirements for government agencies and nuclear service companies. NNRF also owns or licenses proprietary leading edge technologies which provide NNRF with a market edge in manufacturing, design, engineering and services capabilities. NNRF's management team has extensive industry and government service including extensive in-house expertise in all aspects of radiological protection and radiological waste management. NNRF has entered into strategic alliance agreements with government agencies of the Russian Federation. Access through NNRF's strategic alliances to key processing and disposal facilities in the Russian Federation enables it to complete a broad range of projects efficiently and cost effectively. NNRF believes that this access provides vertically integrated services that distinguish it from competitors. NNRF manufactures nuclear power plant equipment in Russia and has multi-year sales contracts for a significant portion of current production with ROSATOM, the owner and operator of all Russian nuclear reactors. NNRF also provides products, services and proprietary technology based solutions through its strategic alliances to multilateral and bilateral funded projects located in northwestern Russia known as the Northern Dimension Environmental Partnership (NDEP). This area contains the largest repository of spent nuclear fuel and radioactive waste in the world. The projects involve the decommissioning and disposal of nuclear powered naval vessels of the former Soviet Union. The projects are funded by G-8 member countries. NNRF currently is expanding its marketing to include the European Union, China, India and North America in 2007-08 through strategic marketing partnerships with multinational energy service companies. NNRF is currently engaged in the due diligence phase of potential further acquisitions in 2007-2008 which are intended to substantially increase its current asset and revenue base