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I have a degree in Psychology ad you need professional help
It looks like the way The ex ceo runs these SCAM shell companies is by setting-up very large "orders" between the "Greenfield" SCAM companies to make it look like they are "booking" revenues. Some of the "Greenfield" companies that are traded include: NUBL, NLAI, NVAE, NWMT and CCTR.
Only there's a BIG PROBLEM with the revenue recognition - NO product is ever delivered, but "consulting service revenues" are harder to track as they are "fuzzy." This is why the he likes to use the "consulting" angle - to more easily pad the books with service revenue that harder to document.
It's really quite an elaborate SCAM and it's also the reason there's no competent outside auditor, n auditor whose only "job" is to agree withhim (from home) and make it look like there's "$100 million" of "revenues".
This is the reason he needs to keep diluting the stock - there's NO REAL source of REVENUES except to keep selling dilutive shares to the unsuspecting public. Hence the increase in shares from 100 million to 3 BILLION in less than 3 years!
The reason this con man has been able to get away with this for so long is he's using the maxim from PT Barnum... "there's a sucker born every minute..."
Thanks Herbie, Im trying. Maybe he got it?
they have been instructed by the exceo not to give out the o/s count,
How $4,560.00 goes to $0.016
1) Buy 12,000 shares of IPVC (IPVoice Commmunications) at the price of $0.38 on February 20, 2001 (Reference: SEC 10QSB 05/15/2002)
2) Reverse Split 1 for 30 on Dec 4, 2002 leaving 4,000 shares. (Reference: see Security Notes)
3) Reverse Split 1 for 20 on July 31, 2009 leaving 200 shares. (Reference: see Security Notes)
4) Reverse Split 1 for 200 on Dec 27, 2010 leaving 1 shares.
5) Quote (NWMT.OB): $0.016 on Jan 25, 2011. 11:58am EST
Security Notes:
Company Name Change
(From http://www.sec.gov/cgi-bin/browse-edgar?...
NewMarket Technology Inc CIK#: 0001092083
SIC: 4813 - TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE)
State location: TX | State of Inc.: NV | Fiscal Year End: 1231
formerly: IP VOICE COM INC (filings through 2000-11-14)
formerly: IPVOICE COMMUNICATIONS INC (filings through 2004-06-11)
Company Stock Splits
(From http://www.otcmarkets.com/stock/NWMT/com...
• Capital Change=shs decreased by 1 for 30 split Pay date=12/04/2002.
• Capital Change=shs decreased by 1 for 20 split Pay date=07/31/2009.
• Capital Change=shs decreased by 1 for 200 split. Pay date=12/27/2010.
ITS ALL THE GREEDFIELD FABRICATIONS. He does it to all of them
NO RETAIL INVESTOR MAKES $ WITH THIS GUY
To all investors.
For years the forces that guide the direction of the PPS of this stock have existed and are clearly understood. Like gravity and my hair line, well whats left, they can be counted on every time.
These forces are as follows:
The ex ceo owns the super k majority shares and can and will make decisions that are in his best interest. read my posts, its 51% always.so far a 4000 to one reverse split
His interests are untethered from the interests of retail investors as he owns no common stock,until he converts and sells nor do his managers, or people he owes money too.
He negotiated a deal in 2008 to obtain financing from a PIPE investor.Read about Valens,and Hugh Oneill. Those investors got in trouble on their own, needed cash and used every opportunity under the financing agreement to collect its loan.
Through a series of stock issuance and White Knights and other stop gap measures to keep the company afloat a new preferred share category of stock exists to cover the initial PIPE loan and subsequent re financings. The owners of this preferred stock want their money back so they call for a conversion of preferred to common. Since the value of their preferred stock cannot be changed it matters little what the common stock price is.
there is still a substantial amount of conversion required. If the balance owed is 1 million dollars that equates to 100 million shares at 1 penny and I believe that there might be over 2 million dollars still owed. If the ex ceo did not allow for more dilution then NWMT would be in default of their agreement with the lender.
He has been issuing massive amounts of shares at an enormous rate to pay off this debt and to fund pssible operations new acquisitions and his opulent lifestyle.
He has been able to accomplish this with impugnity. He is not financially or legally impacted.Because he is out of the country most of the time with his business dealings, if they are real,the SEC does not seem to be interested in him.
He is not motivated to see the PPS rise. He cares only about one thing; keep the volume up. A PPS Of .001 with 100 million shares sold is just as good to him as a PPS of .01 and 1 million shares.
this is a story about bad decisions, poor judgement and questionable ethics. He may also be the reason behind his not being able to get a simple line of credit from any bank in the country. They do not trust him or his story.
So, until the "fuel" of the relentless conversion of preferred to common runs out the dilution of this stock will continue with the issuance of billions of shares. Thus, the PPS cannot go but in one direction; down.
He hides the O/S count, He files the the reverse split without a PR, he makes claims that dont become real, and of course, he never sacrifice for the long term good of investorss. INSIDIOUS
YEP. TRIED TO WARN EM!THIS IS A SCAM
NWMT took a huge write off two years ago. All the exceo's mistakes were written down. it is in the filings.This Co.s not real.Just like the rest of us you lost money if you bought this stock.
CALL HEADQUARTERS. Its a free country and I post until he is gone.
Again, anyone who plays this loses.
Call the main office and report back.please. as I did. no answer just an answering machine at a $100 million a year co.?
A couple of months ago,an acquaintance had the chance to travel to Dallas and some other cities of the Great State of Texas. Well, to be short and to the point, he decided to visit the headquarters of Newmarket Technologies, China Crescent Enterprises, and all the bunch of companies that share the same address. First of all, when he introduced the address (14860 Montfort Drive, Suite 210, Dallas TX 75254) into the GPS device, the first answer was a negative "address not found". After reviewing the address in a PC, he got Addison as the correct place (the town belongs to Dallas county) and is not that far from The Galleria Mall. Anyway, he drove until he reached a two-story business complex, with 200 or more companies registered there. In the main panel at the entrance, he found no names of any of Verges's companies. he parked his car and enter the building, walking to the 210 suite. This is a 800 sqf or so, with no more than four or five people working there. I
He asked for Mr. Bruce Noller (CEO), and he was not there at that time. The assistant, named Karin Gil, is a pretty girl, that was very harsh with him, especially when he asked about the 600 people that work there, supposedly. The ex ceo is traveling, and he is very busy, so I can assure nothing at this tim was her approximate answer when he ask for an appointment. And that was it.
Well, his conclusion is simple. The company is just a facade to get money from the OTC investors. There is no way to know whether or not they have some real business either in Latinamerica or in China or elsewhere. After the trip, his feeling was a mixture of anger and relief. On one hand, he sold all my stock when it was still above one (1) penny. he probably lost 10K or so. Well, greed does not pay. But also he felt a bitter anger against the ex ceo because of all the pain and damage that he is causing to people that still believes in NWMT of CCTR. These two companies just work to make the ex ceo and his gang richer.
Wait for it..its coming..watch it happen
A: Signs of a Scam
1. Lack of communication from the company from a home office
or live investors annual meetings
2. No verified/legitimate physical place of business with officers there.
3. Incomplete/unprofessional looking website with very old updates
4. Brand new flashy website and corresponding PR, both providing only bits of vague information.
5. Company officers/employees involved in other penny stocks. (hint: use google)
6. Over-optimistic, hype filled, "too good to be true" statements from the company.$160million order
7. Press Releases (PR's) with vague, inconclusive language, insubstantial details, and/or no hard numbers.
8. Multiple PR's in a day, week, or other short period of time falling into the category above.
9. Business models or products that just don't materialize. (hint: ask yourself, "Would I buy this?")
10. No follow-through on promises by management, eg. financials, share structure updates, uplistings, etc.
11. A company that seems focused on the stock price and not the business.
12. A pinksheet holding company with no actual owned holdings.
13. A company that changes its business entirely, eg. going from petrified wood salvage to lottery machines.
14. A company that pops up quickly into a newly hot business sector, often world news related.
15. Employees immediately dumping stock received through a compensation program.
16. A history of company name changes, symbol changes, and reverse splits.
13. Incessant Dilution
Signs of Dilution
1. Gagged Transfer Agent (TA).
3. Inability to get a current share count from the company.
2. Increasing Outstanding/Authorized share counts.
3. Constant decline in price with rapidly increasing volume on chart.
4. Decline in price with no material event as a cause.
5. Large, even blocks of shares continually hitting the bid.
6. A history of Reverse Splits after running the share price into the ground.
7. The opening of a 504 Reg. D program.
8. Convertible debenture programs disclosed in financials or company communication.
9. Heavy coverage by penny stock promoters, mindless pumping on message boards, spam emails.
10. History of pump and dump action on the chart. 1-3 day quick runs followed by steep high volume drops.
11. Blaming low price and decrease in price on Shorting and Market Makers (MM's).
Let's play a game. Call NWMT office, or even drive by if you live in the area. To all the people who lashed at out at me for telling the truth...hows your investment goin?
Today's take for the ex ceo and his cronies about $80K.
750 MILLION SHARES approx. FROM LAST R/S
1.5 BILLION SHARES approx. FROM A YEAR AGO!
If you think this is going up, yourgoing to lose your money
Its the GOVT. slow slower slowest
He's selling his own stock everyday. PPS has to go down
in 2006, If you take into account 1 for 4,000 split during this period.
Today, the stock is at 0.02.
PV claimed the record revenue/Profit. Yet, the stock price was down from $12,000 to 0.02.
So where is the profit/Cash from selling stocks,
The only income here is from selling stock by ex ceo and cronies. The PPS will be sub penny soon, whle he continues to line his pockets.dont say you werent warned!
in the past year you have a disturbing trend for common shareholders! You have seen it with all his scams.He is desperate. His plan has failed. He cut too many corners and had to big an ego. Selfish, greedy, arrogant, and stupid are notthe qualities opf a great CEO Lets look at CCTR. There will be another Reverse Split for CCTR.OB in the near future. The pps is a disgrace! he will get more money per share from Dilution after a Reverse Split. he needs to do this if he want's to make it appear his company is generating revenue from, a 527.00 lease in China. Without generating revenue from dilution, CCTR.OB's revenue's would be very poor
All of his companies stocks have already had reverse splits happen more than once in the past 3 years!
the exceo owns 51% of his stocks at all times. His 51% super majority stake never changes from Dilution and Reverse Splits!
His Press Releases and Scamcasts are Desiegned to Lure in Prey for the Dilution Machine. He sells shares to anyone who falls for his Key Worded Press Releases and Scamcasts. The Key Words that he uses are: Plans, Anticipates, Objective, Expects, Goal, Target, Strategy and Potential. Using these words, gets him off the hook when it comes to fleecing investors that, are deceived by these key worded highly Speculative statements. These Key Worded Statements happen while, astronomical Dilution is occurring at the same time.
SELLING DILUTED SHARES IS the ex ceo's MAIN SOURCE OF REVENUE THAT'S, CLAIMED IN HIS 10 Q & 10 K FILINGS! READ THEM ALL BECAUSE, THE DILUTION NUMBERS ARE DISTURBING FOR COMMON SHAREHOLDERS! WHEN DILUTION IS INCREASING BY THOUSANDS OF PERCENTS WITH IN A YEARS TIME, COMMON SHAREHOLDERS LOSE 90%+ OF THEIR ORIGINAL INVESTMENT!
What happened to the $160 million sale? Go ahead and buy, but dont say you werent warned!
Safe Harbor Statement: JMHO!
It has never happened with this stock..ever! It has been brought up a dozen times by the ex ceo and never materialized. Just another scam for him to extract money from unsuspecting investors
This stock will not make a run this week or any other
In April 2009 NewMarket traded $1.25M in debt with Green Shield Management and ES Horizon in exchange for 750 shares of Series J Preferred stock to Green Shield and 500 shares of Series K Preferred to ES Horizon. (More on ES Horizon later.) In October 2009 NWMT traded $500,000 in debt with Green Shield in exchange for 500 shares of Series J Preferred. In addition in the 3rd quarter of 2009 Green Shield exchanged 1601 shares of other series of NWMT preferred for 1601 shares of Series J Preferred. The Series J pays 8% interest, and the other series of preferred did not. So Green Shield made a very good trade at NWMT’s expense.
All told Green Shield Management owns (owned?) 2851 shares of Series J Preferred, with each share convertible to $1000 worth of NWMT common stock. At NWMT's current stock price, that's the equivalent of 72.3M shares. Keep in mind that at the end of 3rdQ 2009, there were 18.7M shares in existence, adjusted for the reverse split.Then it went 3BILLION, now another reverse split so investors will think this is an up and coming entity.
look at Green Shield Management. According to the SEC filing, the company is located at 318 N. Carson St., Suite 214, Carson City, Nevada. It turns out that that is a pretty important address. Do a Google search on the address, and you will see dozens of companies with the identical address and suite number. That's because 318 N. Carson St., Suite 214 is the home of State Agent and Transfer Syndicate, Inc., which holds the records for companies registered in Nevada.Its not an indivual office per sey.
In fact Green Shield Management doesn't appear to have conducted any business other than trade nearly $3M in NWMT debt for Series J Preferred. There isn't a single mention in Google of Green Shield other than the NWMT deals. There is no Green Shield Management website, no Green Shield news stories, in fact no telephone, just a fax number for a machine located in the office of State Agent and Transfer Syndicate, Inc.
Clearly Green Shield was set up solely for the purpose of doing the deals with NWMT. Just like Timeless Investments, Ltd. exists solely to deal with NWMT. In both cases, I assume, there was a reason to mask the true owner's other business, as with Hugh O'Neill's Outboard Investments.
So who owns Green Shield? Well, 318 N. Carson St., Suite 214 hasn't always had the most savory clients. United Funding Bancorporation, Ltd., for example, was found by the FDIC to be operating a banking business in the U.S. without authorization. Many of the companies that use the 318 N. Carson St., Suite 214 address have no other company address. So many of the companies are non-existent (as in the case of Gala Airlines), or fraudulent (e.g. United Funding Bancorporation), or run out of someone’s home. In those cases the true owner’s name and address are hidden from the public.
Some anonymous entity owns the vast majority of NewMarket stock. The amount of common stock those Series J Preferred shares can create is equal to 3.5 times the total amount of stock owned by all other shareholders combined. NWMT has done deal after deal with this shadowy company. But its identity remains a secret.
So he can say hes not selling, its just his shell co. ck. post #14261 bottom part.
"The wretched truth about reverse stock splits"
The reverse split scam
Why do stocks usually sink after reverse splits? The answer is simple. A stock isnt trading under a dollar unless it is pretty close to bankruptcy or it has some other serious troubles, says Charles Jones, who teaches finance at Columbia Business School. And that is not changed by a reverse split.
Put another way, reverse splits are like a message from management that the underlying business trends are so rotten, they wont be enough to get the stock price up to snuff without new investors.
To be sure, companies cite lots of good reasons to do reverse splits, beyond the need to meet listing requirements. Many fund managers shun stocks under $5 because they appear too speculative. Investors cant use margin to buy stocks under $5. And Wall Street brokerages are reluctant to push stocks down in this trading range. All of these factors limit demand.
Whats more, a lot of companies simply have too much stock outstanding, like 2 BILLION SHARES after the excesses of the market bubble days when they created huge numbers of shares to support stock option bonanzas and pointless acquisitions. We are still recovering from the great binge of the late 1990s, says Coulson.
This excerpt was taken from this MSN Money article, I highly suggest reading it in it's entirety: http://moneycentral.msn.com/content/P32972.aspMSM
Let's look at the ex ceo and his shell companies
Innoprise, Inc: (he is an Officer)
Incorporated by Keith R Verges, Philip M Verges, Innoprise, Inc. is located at 14860 Montfort Dr Ste 210 Dallas, TX 75254. Innoprise, Inc. was incorporated on Sunday, May 31, 1998 in the State of TX and is currently not active. Philip Verges represents Innoprise, Inc. as their registered agent.
Source: Public Record data - Department of State - Division of Corporations.
----------------------------------------------------- -----------
Beachhead Limited Partnership (he is an officer)
Incorporated by Heidi F Verges, Philip M Verges, Beachhead Limited Partnership is located at 14860 Montfort Dr Ste 210 Dallas, TX 75254. Beachhead Limited Partnership was incorporated on Thursday, January 01, 2004 in the State of TX and is currently active. Bruce Noller represents Beachhead Limited Partnership as their registered agent.
Source: Public Record data - Department of State - Division of Corporations.
----------------------------------------------------- ---------
Honduras Hope (he is an officer)
Incorporated by A Thomas Blackmon, D Joseph Rhodes, Lloyd Emmanuel Allen, Michelle D Monse, Philip M Verges, Honduras Hope is located at 14860 Montfort Dr Ste 210 Dallas, TX 75254. Honduras Hope was incorporated on Sunday, December 01, 2002 in the State of TX and is currently active. Phillip Verges represents Honduras Hope as their registered agent.
Source: Public Record data - Department of State - Division of Corporations.
-----------------------------------------------------------------Red River Advisors, LLC (again he is an officer)
Incorporated by Anastasia Verges, Philip J Rauch, Philip M Verges, Red River Advisors, LLC is located at 14860 Montfort Dr Ste 210 Dallas, TX 75254. Red River Advisors, LLC was incorporated on Tuesday, October 16, 2007 in the State of TX and is currently not active. Cwt Enterprises, Inc. represents Red River Advisors, LLC as their registered agent.
Source: Public Record data - Department of State - Division of Corporations.
----------------------------------------------------- ------------
Small Equity Initiative, Inc. (officer)
Incorporated by Bruce Noller, Hugh Robinson, Philip M Verges, Small Equity Initiative, Inc. is located at 14860 Montfort Dr Ste 210 Dallas, TX 75254. Small Equity Initiative, Inc. was incorporated on Wednesday, June 24, 2009 in the State of TX and is currently active. Noller & Associates, Inc. represents Small Equity Initiative, Inc. as their registered agent.
Source: Public Record data - Department of State - Division of Corporations.
Newmarket Intellectual Property, Inc.
Incorporated by Bruce Noller, Philip J Rauch, Philip M Verges, Newmarket Intellectual Property, Inc. is located at 14860 Montfort Dr Ste 210 Dallas, TX 75254. Newmarket Intellectual Property, Inc. was incorporated on Tuesday, January 09, 2007 in the State of TX and is currently active. Nower & Associates, Inc represents Newmarket Intellectual Property, Inc. as their registered agent.
Source: Public Record data - Department of State - Division of Corporations.
----------------------------------------------------- ----------
and you should know the others:
Beachhead Limited Partnership
Honduras Hope
Innoprise Capital Management, LLC
Innoprise, Inc.
Ipvoice Communciations, Inc.
Newmarket China, Inc.
Newmarket Intellectual Property, Inc.
Newmarket Latin America, Inc.
Newmarket Technology Inc.
Red River Advisors, LLC
Small Equity Initiative, Inc.
Vergetech, Inc.
Savanna East Africa, LLC
----------------------------------------------------- ------------
Problem is that the ex ceo can use any of these "companies" to sell series equity that would be diluted into his "core" companies effectively paying himself with an interest until the shares are executed.
SEC investigation:
I suspect that every single one of NewMarket's "Greenfield Partners" is a corporate shell that is controlled by the ex ceo. Check out Nova Energy. The website announces: "Nova Energy, Inc. was recently acquired and is now under new management."
Amazingly for a publicly traded company, there was no 8-K filing with the SEC announcing such a change. But it is clear the the ex ceo is calling the shots at Nova. He first installed Hugh Robinson and then himself as President. James Tilton, the stockbroker who founded NuMobile, was made CEO. There is no mention in any filing about what happened to Nova's founder, president, and CFO, Daymon Bodard. In Nova's most recently filed quareterly report, from November 13, 2009, there is no mention of the ex ceo involvement in Nova.
How is James D. Tilton, Jr. connected to NOVA? He started the company in 1999 as Thoroughbred Interests, Inc., a company that bought, sold, and raced thoroughbred horses. Tilton's own background wasn't exactly in racing. He was a stockbroker who spent two years working in financing start-ups. It was his stockbroker background that served him well in selling shares in his company to the public.
Tilton took a very personal interest in his company. In fact, he was its only employee. For many years his title was, believe it or not, Chairman, President, Secretary, Chief Executive Officer, Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer. He is also the entire board of directors, and, yes, directors (sic) receive an annual salary.
The company's annual report states, "The premises housing our executive and administrative office are owned by James D. Tilton, Jr." In fact he works out of his apartment at 2520 South Third Street, Suite 230 in Louisville, Kentucky. That's the address for the Reynolds Lofts Condos, a residential building where, according to rental information available on the web, rentals cost $1100 a month. Tilton then turns around and charges the company $1500 a month in office rental.
In 2003 the horse-trading business folded, but that didn’t stop James D. Tilton. A few months later he changed the company name to Phoenix Interests and started a new line of business--online wagering on horse races. Three years later that business also collapsed. (You can see how all this vast experience would set him up to be an international expert in global mobile computing technology.) Along the way he ran into trouble with the SEC for trying to get by classifying his company a “Business Development Company,” when it wasn’t.
Between 2006 and 2009, Phoenix Interests had no operations. But Tilton still gave himself a salary and the board of director still met and got paid.
Then something magical happened. In June 2009 the “board of director” authorized an increase in the number of common shares from 31.2 million to five BILLION. In July 2009 the empty shell that was Phoenix Interests changed its name to NuMobile and became the ex ceo's first Greenfield Partner. In the following months NuMobile purchased two small software companies in the business of mobile network security—Stonewall Networks and Enhance Network Communications. Just how “high-tech” these companies are is debatable. The two companies combined spent just $7000 in R&D in 2009.
apparently most if not all of Hamilton’s clients were former clients of Pollard-Kelley Auditing Services, a company lax in their accounting procedures and the SEC banned them from auditing reports filed with the SEC. So it’s clear that Pollard- Kelley’s former clients were all looking for a newbie in terms of thorough accounting practices, unless of course they were guided there by an individual.
Here is a list of Hamilton’s new clients, and ALL are former clients of Pollard-Kelley:
General Red International
Safer Shot, Inc.
Echo Resources
Encompass Holdings
Zandavera Ventures
Monumental Marketing
NewMarket Technology
Liberty Capital Asset Managemen
WWSG was in there too, but now they have split with NWMT
Closing in on the ex ceo and his scam????
The SEC actually did something to help people from getting scammed by the same old company. effective June of this year, a company cannot change it's ticker if it changes it's company name... this makes it more difficult for scams like CCTR and NVAE? to re-attract previous investors.It also stops the past from being swept under the rug or more difficult to find.
An acquaintance of mine worked at a few software service companies in Silicon Valley over a twenty-year period. He worked as a contractor, so he often checked out potential employees before starting a project. Even the smallest companies left traces of activity, he could locate former and current employees, people who had done biz with the companies, people who had open contracts or had retained them for services. NMKT leaves *no* trace of any verifiable business activity. It's a flatline. There's nothing there but a puppet-show.
What happened to the $160 million contract? Why if he bought stock at $.33 pre split is he not buying stock now?
why is he doing all the web casts?
He owns all the Companies, why doesnt he admit to it? GREEDFIELD... YEAH RIGHT!
HERE ARE ANALYSTS CREDENTIALS LOLOLOLLOL
The "analyst report" is written by an independent analyst, who is "a Certified Financial Analyst (CFA) in accordance with the CFA Institute Code of Ethics and Standards for Professional Conduct. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott."
So who or what is this "independent analyst"? A friend visited the NWMT website and there is the report. The author's name is on the first page, Vitalie Eremia, and he was assisted by Oxana Sutreac. No company name is mentioned. So he did a Google search
for "Vitalie Eremia," and found him . . . in Chisinau, Moldova. If you have never heard of the Republic of Moldova, you are probably not alone. The tiny land-locked country was carved from the former Soviet Union and rests on hilly ground between Romania and the Ukraine.
Vitalie Eremia is the 28-year-old owner of a company called AskAnalyst.com, which according to the company's website
, does "equity research outsourcing" with "competitive pricing" from Moldova, the "lowest cost European country." Mr. Eremia maintains a blog called "The Moldovan Connection" at http://ervit.blogspot.com/ Here is Mr. Eremia's Facebook page, including a shirtless picture of the "independent analyst": http://www.facebook.com/people/Vitalie-E...
The AskAnalyst.com website reveals what kind of work Mr. Eremia did for Janney Montgomery Scott: "outsourcing part of the research function" for a report. So NewMarket's assertion that the "independent analyst" conducted research for JMS is apparently true, but Ask.Analyst did number-crunching, not recommendations.
So NewMarket went all the way to Chisinau, Moldova to find someone who would give NWMT a real valuation. You might want to read carefully the "independent analyst"'s final sentence. After mentioning that the PPS estimate is much higher than the stock's current price, the report concludes, "...but we don't believe it is not an overestimation." That is one tricky grammatical construction! But if you cancel out the negatives ("don't" and "not"), you get: "but we do believe it is an overestimation."
HMMM .well well well.what a web of shanangins~!
what if its not a real company? The ex ceo is selling his own stock through a shell Co."The Majority Shareholder of NewMarket Technology, Inc. submitted its written
consent to the shareholder resolution described in this Information Statement on
or about October 1, 2010, to be effective upon the approval of the Financial
Industry Regulatory Authority (FINRA) As of October 1, 2010, the Majority
Shareholder holds of record 500 shares of the Company's Series K Preferred Super
Majority Voting Stock (voting equivalent to 51% of common shares) allowing
Series K Preferred to always vote as a majority of the total issued and
outstanding common stock of the Company. The remaining outstanding shares of
common stock are held by several thousand other shareholders.
The Majority Shareholder of the Company is ES Horizons, Inc. by virtue of its
Series K Preferred Super Majority Voting Stock."
So its FINRA holding this up.That is probably why the last webcast was slanted the way it was. Lets see him squirm now!
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You are claymolly on WEB3
wouldnt it be ironic if the very guy who the ex ceo used to screw investors out of millions of dollars , flips on him and ends up sending the exceo with him to jail!. keep up the good work. Promises not kept.
1. NYSE listing
2. no stock for debt
3.OTCYX listing
4. no reverse split
5.advisory board
6. NLAI listing
7. no more late filings
8. $150 million in revenue
9. $160 million sale
10. transparency
Hers why PPS is still going down. a10K investment on December1 is now worth less than $100
Timeless Investments is run by Hugh G. O'Neill in the Turks and Caicos Islands, where financial regulation is, let us say, rather informal. O'Neill created Timeless solely to purchase $1.5M in Series J Preferred from NewMarket. The stock is guaranteed never to lose in value and pays 8% annual interest. At todays prices, O;Neill's preferred stock can be exchanged for millions of shares of NWMT.
Green Shield is run out of a post box in Carson City, Nevada. I can't locate an owner, but the only references to Green Shield on google are for its purchase of well over $2M of NWMT Series J Preferred.Could it be Aubry Broewn? or the ex ceo's family?
Through a shell company called ES Horizon, the ex ceo owns 500 shares of Series K Preferred, which is magical stock that automatically expands to be worth the equivalent of 51% of all common shares outstanding. So the more shares Timeless and Green Shield dump, the more shares his Special K stock is worth.
The Company has authorized 10,000,000 shares of $0.001 par value preferred stock. Rights and privileges of the preferred stock are determined by the Board of Directors prior to issuance. We had 925 shares of Series C preferred, 41 shares of Series E preferred stock, 2,226 shares of Series J preferred stock, and 500 shares of Series K preferred stock issued and outstanding, at September 30, 2010.
For the three months ended September 30, 2010, we issued 451,834,896 shares of common stock pursuant to the conversion of 379 shares of Series J Convertible Preferred Stock.
In April 2009, we entered into a Debt Restructure and Equity Reorganization Comprehensive Agreement ("Debt Restructure") with GreenShield Management Company ("GreenShield"), and ES Horizon, Inc. ("ES Horizon"), a company controlled by our Chairman of the Board. Pursuant to the terms of the Debt Restructure, we issued 750 shares of the newly authorized Series J Convertible Preferred Stock to GreenShield and 500 shares of the newly authorized Series K Preferred Stock to ES Horizon.
In another of his famous im not lying or telling the truth, he is not converting ES horizons is.
LETS SEE HIS W-2 STATEMENT!
THE GREEDFIELD PARTNERS DO NOT EXIST. They are shell companies controlled by the ex ceo. Call them. They are all listed out of Dallas? How is that possible if they are not just paper companies? What happened to the $160 million order?HERE COMES STUPID!
Back to business. The letter is a joke. "STAKEHOLDERS? He continues to dilute and line his pocket while others are paying the price.
Why would anyone continue to post that does not own shares? Normally, words come back to haunt those that continue to lie.
more lies."I did not want to leave, but the negative ,stupid(yes some!!),posters whose whole financial life depends on M.M. of NWMT&Co. continue. Way too much turmoil for just four to five million shares!! I cashed out, thus I am gone "this time"!"
someone needs professional help, seriously.
John, Keith, and Heidi , you must be proud.
blame others, only way he sleeps at night
excellent
200x1 reverse split. $.16 to $.02 in a month. OUCH BABE!
Its not the foreign governments,its the ex ceo
EX CEO WONT EVEN SPECULATE ANY MORE ON PPS PRICE when he aanounces these bogus PRS
EX CEO WONT EVEN SPECULATE ANY MORE ON PPS PRICE when he aanounces these bogus PRS
(NWMTD) NewMarket Announces Potential Buy-In Pressure ?????
NOT ONCE HAS THIS EVER WORKED. what pressure. hes selling his shares every day.PPS down from a fake high of $.16 in a month. that is pressure to expunge!