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Anyone got the reason why? I don't have time to look.
ZACH115
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the merger news
Kitter
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Any opinions on how good this news is?
mr_geronimo
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Same thing that's been cooking for awhile. Merger with Red Alert Group. Looks like it's proceeding in the right direction. Keep in mind that NNCO shares have given up a lot of ground recently, so they would only be recouping some of it. Anyhow, some of us are stuck with it for now.
Cheers
Kitter
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50000 at .0033 It looks like that should be easy to get back too. It would be nice to see it double up in a few days. What are the chances?
mr_geronimo
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Beats me. :-)
The way the market has been running for the past many months, it's impossible to make predictions either way. One thing is for sure, NNCO has given up a lot of ground since early 2004. Hopefully we've seen the bottom. I was tempted to dump my shares at the close but I'm going to hold out.
Funny thing with this market. Lack of news causes an issue to slowly drop in price. Positive or negative press releases cause an issue to drop in price, albeit a bit more quickly.
I'll hold on for now and hope that things turn for the better. Good luck!
Cheers
keithsan
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not sure why running had on radar around lunch to see where it turned and it took off
got in! started a thread on micros so others could enjoy the fun.
Good luck
Keith
keithsan
posted
heres why...
afternoon news.
Red Alert Group and Nannaco Execute Definitive Merger Agreement Monday July 19, 1:22 am ET
ATLANTA, July 19, 2004 (PRIMEZONE) -- Red Alert Group, Inc. announced today that it executed an Agreement and Plan of Merger with Nannaco, Inc. (OTC BB:NNCO.OB - News). The Board of Directors of both Red Alert Group and Nannaco completed negotiations and signed the Merger Agreement, subject to regulatory approval and approval by Nannaco shareholders. Red Alert Group shareholders approved the merger. ADVERTISEMENT
Steve Careaga, current CEO of Nannaco, noted, ``It is gratifying to have advanced the transaction to this point. Upon shareholder approval and completion of the necessary conditions to closing, this merger will be completed and current Nannaco shareholders will now be participating in what we believe should be a burgeoning marketplace.''
Dr. Timothy Holly, CEO of Red Alert Group, said: ``We believe completing this transaction will further position Red Alert to seize opportunities that will benefit the shareholders of the combined company.''
Red Alert Group provides solutions for Homeland Security, Cyber Security, and Private Military Security. The firm operates in the US from its headquarters in Atlanta and its government office in Washington. Red Alert Group International BV, in The Hague, and Red Alert Group Pte. Ltd., in Singapore, are its wholly-owned subsidiaries, and it has a representative office in Kuwait. Information on Red Alert Group's services, training, products and management can be found at http://www.RedAlertGroup.com.
Nannaco previously provided surface cleaning, protection, and restoration services. The company became a consultant to commercial customers and is seeking to improve its financial position through a combination with a company capable of maximizing shareholder value. More information about Nannaco can be found at http://www.sec.gov.
ZACH115
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looks like a nice Dip
treyda
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I've made plenty of money on this stock, and several times over too. Big fan!
On my latest play, I am holding out for news and selling if it hits my strike price, .0028 or so.
I could have sold on the recent run up to .0018 for a very big profit, but would prefer to hold out for news.
Patience will pay off huge, literally!
Good luck to all!
treyda
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Been a while since I see anyone talking about any of the hot stocks fom May & June like QBID and TFCT. Seems like the entire stock market including the OTC's have been performing very poorly since July. Hopefully all the big investors will start playing again after Labor day when they return from their summer breaks. This summer has BRUTAL! The recent news from NNCO was very, very disappointing! Hope this one rebounds a bit. Will continue to hold out.
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