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http://www.investopedia.com/terms/t/trustindentureactof1933.asp
Important reading as we move ahead into preferred shares, maybe.
http://www.taxtips.ca/smallbusiness/shareholderloans.htm
Interest rate hike coming.
Can you re-register !!! We need to get our money back. Wait a minute, I hear a sound. Could it be NWMT ? Let's wait and see. Something is coming.
Must be the last man standing holding shares.
http://www.bcsc.bc.ca/Enforcement/Disciplined_Persons_List/
You don't want to get on this naughty list.
Registration restriction will be lifted at the end of Feb. Will anything happen?
Payed to be into bonds on this one. Time can be a curse if it's against you.
This stock must be toast. Don't buy the revenue story buy the profit story.
Retained earnings is revenue, cash flow is your profit after expenses.
Cattles Rfd (Cttr) is coming into play soon.
I say if your are going to dream to dream big.
Your hearing is bad. The Fat Lady never sang that sound was a fart. This stock will relist and run, watch and see.
Yes that is the reason the stock is no longer trading. PHIL IS biggest CROOK THAT EVER WENT TO WEST POINT. People lost millions with all the lies he told.
Its been 4 months since my last visit to check on this stock.....pretty quite....for those that listened to me the last few years....you're welcome.
Million===
I say if you are going to dream dream big.
Hello its Google. No way, Twitter, Ericsson, Microsoft, Facebook, and Twitter came by earlier but never discussed any interest. I believe their visit was just a social visit because they never asked about NWMT. Your here, why ? you know NWMT is awaiting Barclays to arrive.
Quiet, I hear a noise. Hello !!!, Barclays is that you knocking. Hello, hello,.....
Back from China every thing is a go.
Million
I sure wish I knew where you are coming from. I own a boat load of this crap. P.V could be still pulling some strings. Nothing I would like better than to see this thing to start trading again. GLTY
.....because I believe the company and its stock will rebound between now and first quarter of 2016. I know because I see things that many people do not see. Its no longer trading however track.
Why would you want to buy this crap.
You are right "O". I need to buy and not chat. Question: How can I buy if the stock is no longer on the exchange ?
The fat lady sang a long time ago.
Hey Million Dollar Momster! Careful because this looks like a lot of chat about a stock. Why don't you just "Buy The Stock and Keep It To Yourself."
Barney. Stay Lame.
I hope this stock begins to trade again. I am hoping the Fat Lady is not singing. Wait a minute, I hear a sound. I hear something but it is not the Fat Lady. Come alive NWMT. We need you. Make right on what was so wrong for all those who invested.
Thank God they put this miserable thing out of public existence. Haven't checked in about two years.
Good lesson to stay away from OTCBB junk (once was).
This has scammed hundreds of novice traders.
The thing is not even trading. It is all over and the fat lady has already sang. The biggest West Point trained crook you will every meet.
Nothing will happen until the massive reverse split....unfortunately I think that after that happens there won't be any value to anyone's stock for those that are waiting for this to run.
I still believe this stock is going to run. I already put all my eggs in the basket, counted my chickens before they hatched and signed a Promissory Letter with the local butcher. Remember this post.
Twenty year wait for some should they be lucky for a positive return on the collateral collected. Often things are left in a shambles for many I hope not.
Paper debt is debt reversing the stock does not change this but only moves the par upwards from where it is today. This again will only allow the shorting of the stock.
how this works is the company has first rights to purchase the stock. Should the stock shoot above the par value due too a forward split the company will sell the excess shares it acquired before the stock split.
Any outstanding debt ie. share holders loan ie. outstanding debt will be also forward split and hence we will be back were we started with a lower par value for the debt owed.
You are so right....anyone thinking this dog has anything left just does not know this stock....how long has it been like this now.....10-15 years?
Just keep in mind what I mentioned earlier...nothing can or will happen until a massive reverse split....so you will know to hold pat and not throw any of your money away until then.
Mr Verges still pulling the strings. You can not trust him. Think about all the people he mislead with his lies. The man is just a low life. West Point did not help him any. He gives West Point a Bad name. Just think of the man being in our Army.
We as a collective group have talked about 15c2-11 (f)(3) piggy backing and how its not the issuer but the specific stock in question.
What has happened is there has been a reversal in fillings on the piggy back exception and were only a annual financials are required of a foreign issuer to satisfy the requirement's of the over the counter market place.
This is a done deal and any positive assets held will be used in holding a collateral position for further debt down the road for the piggy back security in question held under foreign jurisdiction to the United States.
Create hope were there is little is what the game is about.
...something interesting is going to happen here. Verges letting the corporation go into a "revoked" state knowing it had earnings and losses makes him still liable in so many ways. He could of filed for bankruptcy and dissolved the corporation in the proper manner and he would of been free of any liability.
Mr Verges is smart and knows the fundamentals of business and business law. Keep in mind time reveals all and the wise blind man will always respond when asked any question,"in time we all will see".
http://www.globalbusinesslawyersusa.com/closing-a-corporation-that-no-longer-does-business-is-there-personal-liability/
It is not advantageous to walk away from a business and let it go into a "revoked" state.
http://www.globalbusinesslawyersusa.com/closing-a-corporation-that-no-longer-does-business-is-there-personal-liability/
MD MONSTER
I sure hope you are right. The West Point crook sure led us down the road of doom. If you hear anything please let us know.
Who said this stock is done ? The corporation is in administrative proceedings and has time to respond to the allegations as well as correct them. Soon we will finally find out who is the Captain of this operation. I never believed Mr Verges was the guy who built the business however I believe Mr Verges corrupted the business. I still believe in this stock and I know something remarkable is coming out of this. Watch !!!
https://www.sec.gov/litigation/admin/2015/34-74661.pdf
Note: It's not over until the "Fat Lady" sings and I have not heard her melodic voice sing any lyrics in regards to "NWMT" as yet. I have heard her sing other lyrics on other stocks that appeared to be promising but not NWMT.
Well then that's it then, it's a done deal.
Guys assets are going private and what is owing is debt.HE he he
None of these companies are profitable. They will draw all they can out for wages. So how do they work? They work on the line of credit and the requirement by law to pay interest on that line of credit set by industry at ten percent.
A line of credit is cash and has nothing to do with anything else. Cash on the world stage is set by interest in bond payments. Low interest low dollar value as this is revenue money by itself can generate plus any risk that is added in the case should it be lost.
So no equity no line of credit no value left for shareholders. Assets exceeds liability minus equity the stock is over valued if assets is less then that figure the stock is under valued the market cap takes into account outstanding shares owed above the authorized shares that is the line of credit equity stake holders have put into the line of credit the company has to draw on.
If the company does not use this line of credit there is no revenue generated for shareholders other then only interest on the income statement all other line of credit is shown under capital surplus and retained earnings.
andy,
Andy I don't know how the man could even show his face the way he screwed the (NWMT) stock holders. You would think a WEST POINT MAN would have been more honest.
Seeing the back of him walking away can't be a good sign at all.
Philip Verges updated his cover photo.
https://www.facebook.com/philip.verges?fref=ts
i guess you don't sense the sarcasm...Sherlock..lol
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