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Non-Tech : NSOL - Nuclear Solutions, Inc.

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To: Chuca Marsh who wrote (7)3/12/2004 10:16:15 AM
From: Ted M  Read Replies (1) of 13
 
I hope no one minds me expressing an opinion, but on today's news release I decided to look into these guys. My DD consisted of only about 15 min of looking. Here is what I determined:

1. They say they are into 'hot' areas--defense, nano and have a low market cap. Great combo for future gains.
2. I suspect they have 1 or 2 employees. Their 10Q shows virtually no payroll expenses. The biggest expense is for consulting fees. The current CEO and President used to be the CFO and may still be. I couldn't find any mention of the number of ees in the 10Q or 10K. I did see a $150k salary paid a few years ago to the current president.

Good luck here. Maybe it is a case of a company of a handful of people who change the world. I doubt it, but these things have happened before. Personally, the risk is higher than I like.

ted
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