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I'm actually quite satisfied with the fact that some people decided to convert their NMKT shares over to NMKT common instead of accepting shares in the subsidiaries. If everyone accepted shares in the subsidiaries then they would issue so many shares in the subsidiaries that there woulsdn't be much left to pay NMKT shareholders any stock dividends. Having some people convert to NMKT common and some convert to the subsidiaries is the best option. If we can end up with an O/S of about 150 million without diluting the subsidiaries too much that wouldn't be so bad. It would still leave NMKT shareholders with some room to get dividends in the subsidiaries. The most important thing is to get it done as quickly as possible.
We were outsmarted. It is difficult to admit, but I must admit that we were outsmarted by wiser investors. Anyone that has been in NMKT for the last year got our butts kicked. These wise investors knew that NMKT would be issuing millions of new shares and that there would be constant pressure on the stock. They took this opportunity to short the stock. The constant issuing of new shares and constant shorting kept pressure on NMKT stock. Who will win the battle in the next year will be determined by how soon Phil can stop the conversions. Once the conversions are done then the shorting will stop. There will no longer be an incentive to short the stock as there is now. This issue even more than financial results, dividends and AMEX listing will determine where we go from here.
I can't believe they are going to take this right down to the wire. I felt strongly that having a CFO now would enable them to get the 10k out a little early. Last year there was no CFO and they were changing auditors. I figured that the CFO would be devoting all of his efforts to the 10k. Phil is over in China partying while we're all biting our nails waiting. Sometimes I think they enjoy driving us crazy by holding back information. They have teased us for the last month by saying on March 31 or before. It now looks like there was no intention of reporting before. What really concerns me is the change that said an announcement about the reduction in fully diluted shares would come before the first quarter filing instead of when the 10k is released. This could mean that the fully diluted could be a lot higher when they report the 10k if the deals haven't been made yet regarding shares in subsidiaries. This could be why they're holding back the 10k. Some of these preferred shares got converted with NMKT in the .20s(IMHO) and a lot more shares got issued than previously estimated which has caused the big gain in O/S and could cause a big increase in fully diluted. I hope I'm wrong about this, but I always get nervous when companies hold back their report. I know we keep harping on this, but it needs to be harped on a lot more. Share dilution MUST stop. Share dilution MUST stop. Share dilution MUST stop. I'm mad as hell and I'm not going to take it anymore.
26 people are on the NMKT China trip. I checked with IR and they confirmed that 26 people have gone on the NMKT China trip. This is an amazing number. I attribute it to the presence of Hugh Robinson. I believe he has attracted a lot of interest in this trip and NMKT. For the past few months the focus of attention was on Latin America with the Unione deal being completed. Now Latin America has a CEO and I believe we will learn of a NMLA.OB listing on the OTCBB before May 15. Now that Latin America is on its way I believe the focus will switch to China for awhile. I believe it is reasonable to expect one or more aquisitions in China this year. IMHO Hugh Robinson will attract a lot of investors to NMKT. His willingness to go on this trip shows a lot more than a casual interest in NMKT.
I am not at all surprised at that O/S count. As I stated before I am guessing that the O/S will end up at between 130-150 million when the dust settles. The addition of another 11 million shares to the O/S reflects some people that did not want to trade their convertibles for shares in NMKT subsidiaries and cashed in. This explains the drop from .40(IMO)to .295 even after good news came out. I believe that most of these shares were dumped after being converted and exerted strong downward pressure on the stock for awhile. I wondered about the former DCI owner. He was a convertible holder. In view of NMKT filing litigation against him it seemed he would be hard to deal with when trying to get him to convert. He could have been one that would have cashed in and dumped. The most important thing is to bring this to an end. We can live with an O/S of 150M if everything gets converted and we don't have any more convertibles hanging over our head. The O/S is important, but no matter what your O/S is your stock is likely to drop if you constantly issue new shares. NMKT stock was dropping when they had 80 million shares O/S. It wasn't dropping because the O/S was to high. It was dropping because the new shares were being dumped and people that knew that NMKT was issuing a lot of new shares were shorting it. Once investors realize that the flow of new shares has stopped they will lose their incentive to short the stock.
The new CFO, Phil Roush is probably no0t going to China. If they don't file by the time the plane leaves today then Phil Verges will probably leave it in the hands of Phil Roush to handle.
"New Market has added a new board member that substantiaaly empowers our overall Homeland Security strategy." Phil Verges March 7, 2006. Could you please explain to us again why a former regional Federal Reserve Board Chairman and army general has joined NMKT's Board of Directors? In what way to you see this new board member harming this scam company? Surely Phil would invite someone of his stature to join the board so the scam could be uncovered. Right?
# of shares outstanding? I think that the number of shares outstanding when the dust settles will be a good bit more than 117M. Phil is trying to get convertible preferred holders to exchange for shares in NMKT subsidiaries. I don't think that everyone went along with that program. I think that some people cashed in and got NMKT shares. There has been some heavy dumping of shares in the last few weeks. I am expecting NMKT to have between 130-150M shares outstanding when the dust settles. Just my guess. We must be prepared for this so there isn't a lot of disappointment when the figures come out. One good thing is that as shares are converted debt is being eliminated. This will add additional equity to NMKT's balance sheet.
They never said it would be out on Friday. They have said all along that it would be out by Friday. That is the deadline for filing, but you can file earlier than that. My thinking is that Phil is leaving for China on Monday and it would be nice to file the 10k before he goes. They could be using the weekend to put the finishing touches on everything. JMHO This year they have a CFO working on the audit and that should have speeded things up a little.
"I believe shareholders will be pleased with the Company's improving profits." Phil Verges March 21, 2006. IMHO NMKT will report revenues of $52 million and a net profit of $2.5 million on Monday. I don't know what time their plane leaves for China, but they may stop at the office first to make the 10k release and then head for the airport. Any other guesses?
I can't wait until they go inter galactic. Imagine owning shares of New Market Jupiter and New Market Saturn.
This is going to be like a multi level marketing plan. It looks like owning NMKT will be like being involved in multi level marketing. NMKT will give us shares in their subsidiaries. Then the subsidiaries will purchase and incubate their own subsidiaries and will issue shares in those subsidiaries. We will have NMKT clones running around all over the place. It looks like we will soon(IMHO) receive a dividend in New Market Latin America. Later NMKT Latin America will spin off some of their subsidiaries and because we own stock in NMKT Latin America we will get shares in those subsidiaries. Then the subsidiaries will incubate more and more subsidiaries and on and on. We will have multiple downlines and eventually we could own shares in hundreds or even thousands of companies. I see world domination on the horizen. LOL
Phil has stated that they might pay two DFTS dividends, one to shareholders of record on July 1, 2005 and one to current shareholders. My point about dilution refers to DFTS. When NMKT pays a DFTS dividend then there will be more shares of DFTS outstanding which could lower the value of DFTS. They might do an IPO along with the stock dividend to raise some cash for DFTS. At any rate, DFTS just isn't worth much right now and any dividend would be insignificant. If they did an IPO on 10 million shares at 3 cents each they would only raise $300,000 in cash. DFTS has become one of NMKT's least productive divisions and is no longer an important part of their growth. Maybe HughRobinson can turn that around and get them going again.
The DFTS dividend. A lot of attention has been paid to the DFTS dividend over the last year. We need to realize that a DFTS dividend would be insignificant at this time. DFTS only has a market cap of about $1 million. If NMKT shareholders got one share of DFTS for each ten shares of NMKT they own that would mean that for each 1,000 shares of NMKT you own you would get 100 shares of DFTS. At 3 cents per share those 100 shares would be worth $3.00. If a dividend in DFTS is paid then DFTS will probably drop lower because of share dilution. What's really important now is the dividends in the other subsidiaries. With revenue forecasts of $28 million for NMKT China, $25 million for NMKT Latin America and $15 million for Xiptel the dividends in these subsidiaries could be far more significant than a DFTS dividend. Phil has indicated that a dividend in at least one of the other subsidiaries will come before any dividend in DFTS.
This was the best pr that NMKT has ever put out IMHO. There was a lot of significant information in this pr. Perhaps the most significant thing was the following statement: "New Market has a number of subsidiaries in the process of establishing independent public listings." They also stated that evidence of progress in paying stock dividends would come BEFORE the first quarter report due out by May 15 along with the announcement of the reduction in fully diluted shares(BTW I think this means the reduction in fully diluted will not come when the 10k comes out). IMO we will be receiving our first stock dividend very soon, perhaps in May. The thing that disturbs me is that this pr has been out there for a long time and was never used. I believe that NMKT has had the ammunition to defend its stock price and hasn't used it well. We sat and watched NMKT decline day after day for the last ten days while nothing was done to support the stock. The huge drop in NMKT price has enabled preferred shareholders to walk away with way more shares than was necessary. This has cost NMKT longs dearly. There are way. way, way more shares in the o/s now than was necessary IMHO. One example of not using our information well is that in the wallst.net interview Phil said that he expected an AMEX listing shortly after the release of the 10k. The problem is that only a small handful of people saw that. It hasn't been stated in any pr to the general public. A pr stating that an AMEX listing was coming soon without a R/S would have strongly supported the stock. I just continue to hope that the issuing of more shares is about to end. This process has caused enormous damage to NMKT stock. IMO there are a lot of people that have wanted NMKT stock to go down for a long time. I have painfully watched this for over a year now. We must put these people in a situation where it is no longer to their advantage to have a lower NMKT share price before NMKT will make any real progress.
sbc - I agree with you completely. This was an incredible pr, but why did we wait so long to put it out? It almost seems like we held back on pr's so the stock could go back down so that those cashing in their shares could get a lot more shares. I hope that wasn't the case. Maybe if all these shares get exchanged or cashed in there won't be any reason in the future to hold back on information. A lower share price has certainly been very beneficial to somebody. Somebody ended up getting a w3hole lot more shares than they should have and it severely hurt NMKT longs. Back to the pr. It appears that both 4th quarter results and 1st quarter results will be good. It appears that the first stock dividend will be declared before first quarter results are announced. I've never seen a company with so much good news and such a low stock price. Once it is no longer to somebody's advantage to have a lower stock price so they can get a lot more shares then we might start having a level playing field.
They won't give it to you over the phone, but they will do it if you FAX in a request. I don't have access to a FAX right now. THe FAX # is 801 277-3147 if anyone wants to get it. JUst FAX in a request and give them a FAX # to FAX it back to you. Their phone # is 801 272-9294.
I don't understand why we are getting this recent news blackout. You're right! Some good news would go a long way. It almost seems like they want the stock to go down right now. I'm sure they're busy preparing the 10k, but sometimes you have to step in and protect your stock. It is absurd that NMKT announced $14 million in new contracts, a $14 million aquisition, a plan to reduce fully diluted shares, a former regional Federal Reserve Board Chairman joining their board, an upgrade by an investment adviser and the prediction of an AMEX listing shortly after the release of the 10k and yet the stock is only up a few cents from the low. I don't think there is any mystery about why NMKT keeps dropping. They keep issuing more and more new shares. For awhile they were fighting back by hammering away with pr's. Now they have decided to run to the sidelines and say nothing while all the gains evaporate. The only thing that can counteract the constant introduction of new shares is a lot of buying to absorb those shares. The only thing that can create that volume now is a good pr. Maybe when we are on the AMEX institutional buying will change that, but right now it is what it is. Why do we want to step back and allow our stock to go back into the .20s. It just doesn't make sense. The stock is up a little this morning, but 90% of the time those that have been around know that NMKT goes down in the afternoon. Without a pr it is a virtual certainty that we drop in the afternoons. Hopefully, this agony won't continue much longer. Hopefully,
This is unbelievable. I can't believe that we're just sitting here doing nothing and allowing NMKT to go back to .27 again. We are going to give back everything that was gained over the last few weeks. Without a pr we are dead meat. We are doing nothing to protect the price of NMKT stock. There's got to be something we can announce regarding that all convertibles have been converted or something about an upcoming stock dividend. It seems like we just don't care if the stock goes back to .27. I thought Phil was mad as hell. I know one thing. I'm mad as hell. This is is ridiculous. The only thing that can counteract all the new shares being issued is a positive pr. NMKT almost never has an up day without a pr. It is virtually impossible. We have decided to impose the silent treatment and say nothing as the stock declines day after day after day. Its now been almost two weeks without a new pr and we've been down everyday. It's going to be so much harder now to get the stock above .40 when earnings come out because we are going to be in the .20s when the report comes out. We are just totally blowing it right now.
Does anybody have a FAX machine? I called the transfer agent to try to get the updated number of o/s. They won't give out the information over the phone, but they will send it by FAX if you send a request by FAX. I don't have access to a FAX machine today. It would be interesting to find out how many new shares have been issued in the last month as Phil has been trying to close out the convertible preferreds. The FAX # is 801 277-3147.
It's interesting that you choose not to answer the question about why a former regional Federal Reserve Board Chairman would join the board of NMKT and go with them to China for a week. I think you know that a man of this stature would not risk his reputation by joining the board of a small company that was not legitimate. I think you know that this man would have checked out NMKT thouroughly before joining their board. IMO he is making a personal investment in NMKT. I don't think he is going to China on a tourism trip. To take a whole week out of his life to go to China with a $35 million company is pretty significant. It is true that many shares have been issued and are being issued because of past deals that Phil has made. The whole world knows that. You still haven't shown us any deals that have been made anytime recently that involve new shares. The Unione deal was made in cash. We have to pay the piper now for the deals that Phil made 1-3 years ago and it is painful right now. It should be obvious that Phil is changing his share issuing policy and is trying to bring to a conclusion the convertibles that were out there. Your bashing days are about to end. You are trying to live in the past and you won't be able to much longer. A lot has changed in the past six months or so for NMKT. NMKT has given a breakdown of its divisions and what they expect from each division. NMKT has hired a CFO and expanded its board, including a former regional Federal Reserve Board Chairman. NMKT has completed its first all cash aquisition. NMKT has stated its intention to reduce fully diluted share count by converting shares over to its subsidiaries. I have been watching NMKT for over a year now and I have seen many changes. Many of the objections that people had about NMKT have been dealt with and are being dealt with. The constant issuing of new shares has been a great weapon for detractors. You have a few more days to use that weapon. Once these shares have all been redeemed, the 10k shows revenues of over $50 million and profits of over $2 million, the AMEX listing is announced and the first stock dividend is announced then the bashers will have nothing left to bash about.
This is just speculation on my part, but this is what I think is going on. Someone said that they thought the AMEX would not list a company with a bunch of convertible preferred outstanding and a "blank check" regarding future dilution. Phil has stated that he wants to eliminate all convertibles before the 10k comes out. IMO Phil has attempted to talk all convertible holders into exchanging their convertibles for shares in subsidiaries. IMO one or more convertible holders did not want to go along with the program and decided to cash in instead. They converted their shares and dumped them on the market this past week. Hopefully, whoever it was sold everything they plan to sell last week or we will see more weakness this week. I think Phil is trying to get everyone to either switch or redeem their shares so that there won't be anymore convertibles out there when thev 10k is filed. The bad news is that those that cashed in have increased the O/S. The good news is that those that cashed in will not be getting shares in the subsidiaries so there will be more shares available to be sold to the public or paid as stock dividends. As I said, this is just my guess as to whats going on. There was way too much selling this week without news to be just normal trading. Over four million shares traded Thursday and Friday and it was constant selling. We can only hope that it will soon be over and Phil will be able to announce that there are no more convertibles out there when the 10k is issued. The shame of it is that with the stock down so much now it will be difficult to get it into the .50s when the report comes out. I guess Phil didn't really have a choice if we all really want to see this dilution stop. We have to bite the bullet now to bring this nightmare to a conclusion. Once the constant threat of new shares being issued is over it should be clear sailing ahead.
You say that Phil keeps issuing new shares. Do you have any evidence that Phil has issued any new shares anytime recently? IMO Phil was issuing a lot of new shares awhile back and he overdid it. Many of those shares were payable or convertible in 2005 or 2006. I believe that Phil realized as NMKT stock continued to drop that he had issued too many shares and that he stopped doing it. Many of the shares that have been hitting the market recently go back to previous times. Nobody stands to lose as much as Phil and his family as NMKT stock plunges and he sees his own investment lose much of its value. I believe that Phil knows this now and has put a stop to issuing any new shares. I believe that he is trying to convert shares over to subsidiaries because he knows how important it is to stop this share dilution. We all know that you hate Phil and you think that NMKT is a scam. I would like to get an honest response out of you about something if thats possible. Why do you think that a former regional Federal Reserve Board Chairman would join NMKT's board and go to China with them? This man serves on three other boards of companies that have market caps of about $1.5 billion, $3 billion and $25 billion. Why in the world would this man get involved with a scam company that has a market cap of $35 million? Do you think he is stupid or crooked? Do you think he is getting involved with a scam company because he is too dumb to check out New Market before going on a trip to China with them? It would be interesting to see you give an honest answer to that without your usual personal attacks on Phil.
We are in a WAR and we are losing. The enemy is the convertible preferred holders and short sellers. Their weapons are millions of shares of NMKT stock that they are dropping on the market and they are exploding in our face. Two weeks ago Phil got mad as hell and decided not to take it any more. He went on the offensive with an all out PR attack. The result was a 50% increase in NMKT stock. Then Phil decided to retreat and the result has been the loss of most of the previuos gain. Those that have been around awhile know the pattern. You get a PR and the stock goes up for a day or two. Then it begins declining until you get another PR. PR's are the only weapon that NMKT has to fight its enemies. The PR's must have meat in them and they must come constantly. NMKT has been criticized for having too many PR's, but it is our only weapon. On any given day without a PR NMKT is likely to go down because of the constant issuing of new shares. Phil went on the offensive with news of new contracts, the Unione closing, a plan to reduce shares, the appointment of Hugh Robinson to the board, interviews, upgrades. The problem is that we haven't had a PR in over a week and we lost almost all the gains. We cannot afford to retreat. We must go on the offensive again or we will see the .20s again. NMKT has four weapons in it's nuclear arsenal that can blow the enemy to pieces. Those four are improved results, reducing fully diluted shares, an AMEX listing and the announcement of a stock dividend. So far NMKT hasn't used its nuclear weapons. The enemy needs to be put on notice that NMKT is getting ready to use its nuclear weapons. I would much rather see NMKT in the high .30's than the high .20's when the 10k comes out. It will be much easier to reach the .50's from there. With all these West Point guys around you would think that they would know not to retreat just as you are about to receive victory. I strongly urge an all out attack again starting today and lasting until the 10k comes out.
Today's massive selling. IMHO todays's selling was caused by a preferred holder that has cashed in some more preferred shares and received more common shares which were dumped today. Phil is trying to get preferred holders to exchange their preferred shares for shares in some of the subsidiaries, but there is no guarantee that everyone will do that. IMO someone has cashed in some more preferred shares. It would be interesting to see if the o/s has increased from 117M. I don't have the phone # of the transfer agent or I would call and find out. I think that we are all anxious to get on the AMEX, but that is not going to solve all of our problems. Apparantly someone dumped over a million shares today. I doubt that the volume came from day traders or small retail customers. As long as you have people dumping millions of shares that they have converted it doesn't matter what exchange you are on. If we were listed on the AMEX today and someone dumped over a million shares the stock still would have gone down. There are two sides to the supply/demand equation. We want to increase demand by selling to institutions and an AMEX listing would help with that. We must also stop the constant flow of more and more new shares on the supply side. In the last year NMKT has added about 50 million new shares or an average of nearly one million shares each week. You just can't keep pouring a million new shares into the market every week and think that your stock isn't going to drop. Fundamentals mean nothing as we have learned when you keep drastically increasing the supply of stock. We are doomed until this constant flow of new shares is cut off. It is imperative that this issuing of new shares stops no later than yesterday if NMKT stock is to have any hope. We all want to blame the stocks drop on the OTCBB, mm's, day traders and shorts, but IMHO the real culprit here is the convertibles being exchanged and dumped. I don't think there are as many shares short as we suspect, but the reason some people are shorting is because savvy investors know that a stock that is constantly issuing new shares is likely to drop and is a good short sale candidate. That is not the fault of the OTCBB. If we are on the AMEX people could still short if they believe that the supply is going to be constantly increased. I think the plan to exchange preferreds for subsidiaries is fantastic. I just hope it can be implimented very, very quickly.
In an EMail sent to IR by Phil on February 23 he stated that he was strongly opposed to a reserve split and that it made him sick to talk about it. The next day in his interview with wallst.net Phil indicated that he thought an AMEX listing would come soon after the filing of audited 2005 results. He said NMKT did not qualify for listing before because they filed an SB(Small business) filing. You cannot qualify for the AMEX if you file as an SB. They will no longer be filing as a small business. IMHO the AMEX wanted Phil to hire a CFO, COO and expand the board to five members which he has done. It doesn't make sense that Phil would come out so strongly against a RS and then turn around and say that he thinks an AMEX listing is imminent. I don't know what he has up his sleeve, but it appears that he expects an AMEX listing without a RS.
the BIG 4 - IMHO NMKT will be issuing four major announcements within the next month or two. One will be better than expected fourth quarter results. One will be an announcement that fully diluted shares have been reduced. One will be an announcement of at least one stock dividend. One will be that they have been approved for AMEX listing. Once these four events have taken place NMKT stock will never be the same again. IMHO
I wonder if the $912,000 profit figure for Unione is significant? They get a bonus if 2006 & 2007 profits exceed $912,000. I wonder if that means that Unione made a profit of $912,000 in 2005? On the AMEX issue. Phil stated that they must wait on audited results to be filed to complete AMEX requirements. Apparantly, they are being grandfathered in under last years rules since they filed a year ago. JMHO
NMKT is going to be bigger than I ever dreamed possible. The addition of Hugh Robinson to the NMKT board is huge. I looked up the market cap of the other three companies that Mr. Robinson serves on the boards of. They are as follows KMX - $3.2 billion, ARS - $1.3 billion, and TXU - $23.1 billion. Why in the world would a man of his stature agree to join the board of a company with a market cap of $36 million and agree to take a trip to China to help find future aquisitions? I do believe that we have got a tiger by the tail. This is going to be far bigger than any of us imagined. It makes sense now to hold onto DCI with Mr. Robinson's military background. Maybe now the homeland security division will begin to perform like some of the other divisions. I am upgrading my opinion of NMKT from a strong buy to an incredibly strong buy. It was interesting that NMKT mentioned the reinforcement of the dividend policy in the headline of the last PR, but then they didn't mention it in the PR. I guess they got excited and forgot to talk about it. Maybe they will talk about it more in their next PR.
NMKT receives strong upgrade and is soaring. New Market recently announced that a former regional Federal Reserve Board Chairman has joined their board and is going to China with them to look for additional aquisitions there. NMKT should be reporting revenues of $50 million with a net profit of $2.5 million in two weeks. 2006 revenues should be over $100 million with net profit of $6-8 million. NMKT has applied for listing to the AMEX. NMKT is .36.
NMKT gets a strong upgrade. NMKT recently announced that a former regional Federal Reserve Board Chairman has joined their board and is going to China with them to search for more aquisitions there. NMKT should report 2005 revenues of $50 million and net profits of $2.5 millio0n soon. 2006 revenues should be over $100 million with net profit of $6-8 million. NMKT has applied for listing to the AMEX. THe stock is .34.
I wasn't really that thrilled with the Skylynx deal anyway. It looked to me like NMKT wasn't going to end up getting much out of the sale of DCI. Maybe they can get a better deal by selling DCI somewhere else. Do you think that this will have any impact on NMKT's attempt to switch it's preferred shares to subsidiaries or do you think that DFTS is probably not involved in that? Since the former owner of DCI holds some preferred stock it seems they might be involved in some way. Maybe Phil is going to offer him some shares in one of the other subsidiaries. Phil said that he may eliminate all of the convertible preferreds so it seems like he has a plan to eliminate the DCI preferred shares. What will this leave DFTS with? I guess it will depend on what they get for DCI. This sure is a confusing mess. I wish they would do something so the attention can remain on China, Latin America and Xiptel. These three divisions should account for at least $70 million in revenues in 2006 compared to DFTS's who knows what? Having the stock go down because of confusion at what now is a very minor division is frustrating.
I wonder why NMKT is remaining so silent on the DFTS-DCI-SKYC situation? I think that lack of information is devastating to a stock. Lack of information causes fear and confusion. What is going to happen with DCI now? Will this endanger in any way NMKT's attempt to switch shares over to the subsidiaries? There are always so many unanswered questions. I think remaining silent on this situation is the worst thing NMKT can do. People want to know whats going on. I sure hope that NMKT will release some information regarduing this situation soon. With so many good things happening with NMKT right now its a shame that something like DFTS is being allowed to ruin everything. Homeland security has now become a small part of New Market's revenues, but this whole mess has been instrumental in keeping the stock down. Investors simply want to know whats going on. We desparately need a pr that addresses this situation.
Has anything really changed in the last week? Has anything really changed for New Market in the last week? Lets look at the events of the last week and see. New Market announced that they have audited results that will attract new investors. New Market announced that they have a plan to reduce fully diluted share count. New Market announced the all cash aquisition of Unione which is now expected to add $14 million in revenues instead of the original $11 million. BTW, the $14 million figure is the actual 2005 revenues not the 2006 estimate. 2006 revenues will likely be more than $14 million and Latin American 2006 revenues will likely be well over $25 million(IMO). Phil seemed to indicate in his wallst.net interview that the AMEX listing will happen soon without a reverse split. Phil seemed to indicate that stock dividends will be coming soon when he said in the interview that the stock dividends in the subsidiaries should come before the DFTS dividend. The DFTS dividend is supposed to come by July according to the January CC. NMKT is expanding it's board and has added a former regional Federal Reserve Board Chairman. It is interesting to see that the new board member is going to China. This shows that he did not just lend his name to NMKT. He intends to be an active participant. NMKT announced that they are going to have a COO. On February 23 Phil said the audited results should be out within thirty days which is March 23. Since Phil is leaving for China on March 27 it looks like we can expect the 10k to be out by March 24 at the latest. With a CFO they should be able to get the results out sooner than last year. IMO the results are ready now, but the holdup is getting the share exchanges completed so they can reflect the new fully diluted count when they release the audited results. It looks like quite a bit has changed in the last week.
More board announcements and COO announcement coming soon. IMO we will be getting two more board member announcements soon. IR says yesterday's board member is an add on member, not a replacement for the board member that is leaving to become the COO. It looks like we are going from three board members to five. We will need the fifth board member plus a new board member to replace the one that is becoming COO. I'm looking for an announcement on DFTS-DCI-SKYC. It was supposed to close by FEbruary 28.
My02cents. Thanks for your excellent post as usual. The reason I believe we will be receiving dividends in some of the subsidiaries soon is that Phil said in his interview last week that he expects dividends in the other subsidiaries to preceed the DFTS dividend. At the first of the year he said he expects to issue the DFTS dividend within about six months. In order to switch NMKT preferred shares over to the subsidiaries he will need to do a lot of restructuring. I could be wrong, but I believe that Phil has learned his lesson about making promises he can't keep. I just don't think he would say that these other dividends will come before the DFTS dividend unless he is working on something. It just makes sense that if audited results are coming out, preferred shares are being switched over to the subsidiaries and the AMEX application is going to proceed then now is the time to do something regarding the stock dividends that have been promised.
NMKT is breaking out bigtime. Today they announced a former regional Federal Reserve Board Chairman is joining their board. In March they expect to report revenues of $50 million with a net profit of $2.5 million. 2006 should bring revenues of over $100 million with net of $6-8 million. They are reducing fully diluted shares by switching convertible preferred shares of NMKT to shares of their subsidiaries. They are going to pay stock dividends to NMKT shareholders in their subsidiaries. When you buy NMKT you will end up owning stock in about five companies. NMKT is a China play(also Latin America and VOIP). NMKT has applied for listing to the AMEX. NMKT is .34.
Alan Greenspan on New Market's Board of Directors? Will Alan Greenspan be next to join New Market's board? We now have a former regional Federal Reserve Board chairman on New Market's board. Isn't it interesting that a man with his background would consent to joining the board of a scam company that has no products or customers? I wonder what kind of negative spin Charleoi is going to put on this one? I wonder why the new board member is going to help New Market make the OTCBB a better place when Phil seemed to indicate that an AMEX listing was imminent? That seeded a little strange.
It just dawned on me that in order for New Market to switch preferred shares in NMKT over to preferred shares in some of it's subsidiaries those subsidiaries must have shares outstanding to switch. DFTS is the only subsidiary that has it's own shares. DFTS shares don't have enough value to be able to issue more new shares and satisfy the NMKT preferred holders. This means to me that at least one of New Markets other subsidiaries has applied for listing to the OTCBB and will begin trading soon. Since the switch is expected to happen when the audited results are released I expect an announcement at that time that one or more of New Market's subsidiaries has been approved for listing. I expect an IPO and possibly a stock dividend to be announced very soon. Since this is all supposed to happen within the next twenty five days(Phil said thirty days last Thursday) then Phil has been working on this for quite some time. If shares are being issued in New Market subsidiaries then those subsidiaries need to have their own stock. If this switch is going to be reflected in the audited results then it must be a done deal by then. We may be looking at XPTL, NMCH or NMLA very soon. Phil said in his interview that these other stock dividends may happen before the DFTS dividend happens. DFTS could be the fourth dividend that NMKT pays. BTW, Skylynx said that their deal to buy DCI was supposed to close by February 28. WE may be hearing something on that very soon.
Comments on the recent interview. In my opinion New market has been grandfathered in for listing on the AMEX without a reverse split. Phil seemed to indicate that an AMEX listing is imminent. I thought all along that we were waiting for audited results. Phil came out strongly in his EMail last Thursday against a reverse split. It doesn't seem likely that he would do that if a R/S is coming. Now we have an announcement that we are getting a COO. Just my opinion again, but I believe that hiring a CFO, a COO, adding new board members, reporting audited earnings of $2.5 million and eliminating convertible preferred shares were enough to convince the AMEX to go ahead with the listing without a R/S. I don't think the AMEX would want to lose New Market to the NASDAQ now.