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Microcap & Penny Stocks : NYRR,What is going on? -- Ignore unavailable to you. Want to Upgrade?


To: 246810 who wrote (3430)9/12/1998 9:29:00 AM
From: Jim Johnson  Read Replies (1) | Respond to of 4304
 
Wayne, 246810 {Jack}

Interesting thots from both of you. I agree, they should have little problem coming up with thier portion of the matching funds. From my conversations with NYRR management I also have no doubts the money is destined for infrastructure, motive power and revenue generating avenues.

I don't think the new business is quite so "iffy" though. Each time I have spoken to them I have been told of new customers, new revenue streams. If you think or look back, it is all posted here. The lumber reload operation, dockside deliveries, increases in cocoa bean shipments, hauling of the scrap from the construction, etc. As far as I can calculate, they are busier than they have ever been and generating more revenue than ever before. So the "iffy" is actually occurring as we speak. As to the Port Authority, if I remember correctly, Bob Crawford sits on that Board.

As to the financials, well, I'll refrain from much comment until I see them. Several times over the last year I have been told the accountants were right next to completion and would be done soon. I will say I was told NYRR has spent huge dollars getting them done and they themselves were pushing to get what they had paid for, but the accountants were lagging.

Jim J



To: 246810 who wrote (3430)9/15/1998 12:05:00 AM
From: Wayne J.  Read Replies (1) | Respond to of 4304
 
Hello! 246810,

I found your recent posting on this thread regarding Federal Grant money for NYRR to be both interesting and motivating! JMO!

In my opinion I have picked a date / time frame of between now and October 15th., to hear publically from NYRR Management!

Anyone else making a guess? If any one is interested why don't we post a date on this NYRR thread as to when we expect the next NYRR Press release! ( Assuming of course that we are speculating that a news release will be issued!)

Who wants to start it off?

Best Regards,

Wayne J.