Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
dear earnie
why do you take Dew into my posting. I personally dont doubt for a second the knowledge of some posters here. They are brilliant posters. I do believe that they are sometimes a bit bias or allmost blindsighted by whats happening outside research and trials and technology. (lets say..the way managements work and sometimes think) also they sometimes forget to take the markets opinion and the way it works nowadays at/on the markets.
I agree that personal attacks shouldnt be allowed, but hey..some of your posters did THAT to me.. (which was a negative surprise to me, cause it wasnt true either and never expected it from some). I think , better said I know I'm not a basher..cause I'm a small shareholder myself..but I'm a shareholder that didnt like the way management has led GTCB this far. I agree more with people who'm are a bit more open minded and critical at management for forgetting shareholders (existing ones).
If thats bashing than .. you may call it that way. I think you overrate anything that is being said influencing shareprice.
Hedgers / shorters and management does that. we are just here to pick up the pieces left.
It never hurt my positions to look at them criticaly and it never hurt to be the other voice when everyone thinks /says.. everything is great.
believe me I would rather like to see this one at 4 $ asap
it is a strange approach.. I agree with this article. And I'm interested in how they gonna do this. But I think its a ingenious back up plan and I really think they know how they gonna do this.
basically they controll it (the success and outcome) themselves if I understand it correctly
it had no trouble before approval at 2 dollar +
you would say that shareprice is very low and normally should be a screaming buy...
but nobody wants it at these levels..just look at volumes. I do believe management is to blame. Nobody wants to hear it..but they are the main reason this is getting and going nowhere comming months..
I keep reading how fantastic this company is..but the management makes deals which doesnt underline that theory..and shareprice certainly doesnt match the high expexctations.
Don;t say these are profittakers..cause there arent any left..
don't say it will be so many dollars higher comming year cause then everybody would buy 100k or more
we think its great..but market has seen its real face..
Shorters hold their grip..
naked shorters keep their grip tight. They are calling NMKTs bluf I presume..
I hope they (shorters) know what they are doing..cause on THE day..it will be at least 0.50 in the exchange..and how do you want to cover more than 50% percent than in shareprice and 30 million naked short..??
add least 50 cents..
will be more subsidiaries next months
within next days /weeks China NMKT will be listed (heared in interview)
Wallst.net Interviews NewMarket Technology, Inc. CEO Verges on Announcement of Action Products International, Inc. Letter of Intent
Wednesday October 11, 12:41 pm ET
Verges Discusses Potential Acquisition of All NewMarket Outstanding Stock by Action Products International
DALLAS, TX--(MARKET WIRE)--Oct 11, 2006 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announces CEO interview by Wallst.net. The interview can be heard at http://www.wallst.net/audio/audio.asp. Philip Verges was interviewed following the Company's announcement yesterday concerning the execution of a non-binding letter of intent (LOI) regarding the possible acquisition of all NewMarket outstanding common stock by Action Products International (NASDAQ:APII - News) in exchange for APII common stock. The letter of intent includes specific consideration for the respective shareholders of each Company.
ADVERTISEMENT
As Verges discusses in the interview, NewMarket common stock would be valued in the transaction at not less than $0.50 per share for a total transaction value to NewMarket shareholders of approximately $100 million based on the Company's fully diluted and outstanding shares. The $0.50 per share purchase price is a minimum valuation however, as the actual NewMarket common stock purchase price could be higher.
The shareholders of Action Products common stock will have an option in conjunction with the contemplated transaction to exchange their shares of common stock for shares of Class A Preferred Stock on a one share for one share basis. The Class A Preferred Stock will have a par value of $6 per share and include an annual yield of 5% payable quarterly in cash. Assuming all 5.2 million shares currently issued and outstanding are converted, the 5% annual yield represents approximately $1.5 million in potential cash dividends to Class A Preferred shareholders per year or an estimated $0.30 per share. The current Action Products warrant holders will have the right to exercise their warrants and tender the common stock to receive the new convertible preferred shares, until a date to be set, which would be before the acquisition is completed. If the warrants are not exercised by the conversion date, they will remain in effect under their current terms. The Action Products shareholders may maintain their warrant even if they choose to exchange common stock for the Class A Preferred Stock. The Class A Preferred stock will be callable by the Company after one year at par and will automatically convert to common in the event the market bid price for Action Products common stock remains at or above $6 per share for 10 consecutive days.
The current NewMarket management team would remain as the combined Company management team to continue executing NewMarket's business plan. The transaction would be subject to a shareholder vote of both companies.
To hear the interview in its entirety, visit www.wallst.net, and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window.
in a nutshell I allready explained it in my posting..I just conacted NMKT IR ..
but if it still unclear for others..(wich I cannot understand..) than ..wait..
i will ask it
just contacted NMKT IR
All NMKT shareholders will automatically get shares in the NASDAQ listed company. For example, if APII is trading at $2 at the time of closing, NMKT shareholders will get 1 share of APII (which will change to another symbol
to reflect the new name of NewMarket Technology), for every 4 shares of NMKT stock.
APII will become NewMarket Technology with NMKT management, business plan
etc.
--
simply putted..at LEAST 0.50
fire
you keep forgetting it is currently greatly undervalued due to naked shorting.
NMKT now..make more and more work of getting these Naked shorts out and comming to an alternative possibility to a listing
believe me NMKT will make an merger if it happens..where your shares NOW are worth 0.50 then
I hope you made a smart descision.
imo ..this company is more worth than the 0.32 right now
Even on their own they can do 0.50-1.00 in 1 year time.
WITH this possible merger on their corner they shake the shorts and another chance of a good listing.
I think you sold youself short here firecracker..
you'll allways get at least 0.50 cts..for your nmkt shares..
so sounds very promising
Action Products seeks stock purchase with NewMarket
Tuesday October 10, 12:07 pm ET
Action Products International Inc. and NewMarket Technology Inc. have executed a non-binding letter of intent about the possible acquisition of all NewMarket outstanding common stock by Action in exchange for Action's common stock.
The shareholders of Orlando-based Action Products' (Nasdaq: APII - News) common stock will have an option in conjunction with the contemplated transaction to exchange their shares of common stock for shares of Class A Preferred Stock on a one-for-one share basis.
The Class A Preferred Stock will have a value of $6 per share and include an annual yield of 5 percent payable quarterly in cash.
Action Products makes non-violent, educational toys, while Dallas-based NewMarket is a systems innovation company.
:)
hmm.. nice try.
I'm glad its allowed here.
and you sound familiar !
but hey..I'm glad that you warned everyone..cause comming from you it will certainly mean a lot :)
wish you all the best in the world !
no..I'm Swazie
new guy for couple of months..
As far as I understand NMKT shareholders will at least get 0.50 a share..and /or shares will be exchanged to ApII and NMKT will have his Nasdaq listing and go on from there on
thats what I think and understand..
there will be a 1:x exchange ..at least thats what I think
its all there is to it..
nasdaq listing and on form there
0.50 at least..and people dont bite NOW ???:)
funny ..Thx for the shares some say
laugh all you want..
at least 0.50
I think its ingenious..
they frighten all shorts..cause it has to be covered to 0.48 at least.. and they'll get a nasdaq listing
at least .50 cts
NewMarket Technology, Inc., and Action Products International, Inc., Explore Potential Acquisition of All NewMarket Outstanding Stock by Action Products
Tuesday October 10, 10:00 am ET
Companies Sign Letter of Intent to Begin Formal Negotiations and Due Diligence
DALLAS, TX--(MARKET WIRE)--Oct 10, 2006 -- NewMarket Technology, Inc., (OTC BB:NMKT.OB - News) and Action Products International, Inc., (NASDAQ:APII - News) today announced executing a non-binding letter of intent (LOI) regarding the possible acquisition of all NewMarket outstanding common stock by Action Products in exchange for APII common stock. The letter of intent includes specific consideration for the respective shareholders of each Company.
ADVERTISEMENT
Consideration for NewMarket Shareholders
NewMarket common stock would be valued in the transaction at not less than $0.50 per share for a total transaction value to NewMarket shareholders of approximately $100 million. The $0.50 per share purchase price is a minimum and not a constraint to the actual valuation. The actual NewMarket common stock purchase price could be higher.
forgive me my typing abilities (errors).. I allways type to quick..
First you getting attacked and lied about when you say management has made a poor shareholdervalue deal.
some people start to attack you and discredit you..and now suddenly this statement of me and a few others is suddenly allowed and discussed with brains at these board ??
gee.. strange people you have. but hey they have to live with themselves.. luckely..not me.!!
p.s you can vote NO all you want.. this won't help.
Just let them do their job..and accept that management is not looking at our best interest but nearly for themselves (keeping company alive.. ) How they do that..doesn't matter.. they just need working capital ,their research and their salary. When and if it succeed in the end..and we got a good shareprice left..its bonus.
But to keep saying this deal is such a great one is totally besides any form of reality. There is more than 1 way to look at WHY LBF wanted to get GTCB in..
Its interesting that a plasma based company ..sees worth in this technology, and still get a shareprice deal if GTCB was the one that had to accept or not. If LBF really wanted this technology so bad..why did GTCB management let them in so cheap. And who's to say that LBF wont delay the pace..just to keep Plasma based on top for awhile longer..
I dont say they will do.. but the deal that management GTCB have closed..never gave and give me the impression they're the one..who were on top of these negotiations. Management imo have not give the impression that this technology is HOT
it maybe IS..but they didnt show it..at least not in terms of shareholderbased deals
I still have a "bad" feeling about this deal.. and the shareprice for now unfortnately doesntgive me the idea the market saw this any better than I did
many thx !!!
that is what happens Keitern
its purely working capital for this management..
the're not interested in shareholdervalue
this deal was a sure rip off for shareholders
more questions
* What are the alternative plans of listing beside/instead AMEX?
* When are they gonna create shareholdervalue by keeping promises like dividend and deals? (shareprice is very appaling)
* Is the converting over? Cause imo it is still ongoing.
* Is the 500 million in revenues for 2008-2009 still standing as earlier stated this year?
for now anybody can see that the market thinks GTCB management, again!! ,forgot shareholdervalue.
I cant help feeling they made a nice developmental deal and nice ongoing workcapital.. but they forgot shareholdervalue.
it allways amazes me how so called shareholders never seem to care what is happening NOW and allways see THEIR shares double or tripple next year.
They keep forgetting they say this every year..(only it didnt happen) reason.. management that makes lousy shareholdervalue deals..and way too much focusing on what might be and their own development instead of really focussing on shareholdervalue
I can relate here. allthough I do believe that the shorting here (naked) is very overdone and allmost strange.
About the CEO, I do agree he should try to do something for his shareholders by now. I strongly believe this company has much potential but it seems to me NMKT themselves dont want this shareprice to run yet..cause they want to buy shares .
and that converting isnt helping either
still the fact remains this one is utterly low for the possibilities there are
:)
great post !!
it is a promising deal due to the possibilities and the fact this instigates a minor breakthrough for GTCB.. but with lousy shareprice deal
must agree here
the arranged price is a slap in the face again and doesnt sond to me that GTCB was in the driving seat.
I wish a bit criticism was allowed
But..why the constant give away deals.. (1,23 ??)
This is why hedgers and shorts can go on as long as they like.
management gives an (hopefuly unintended) helping hand
that the market is interesting and very promising ..we know for years now..
but please stay reasonable., no shareholder has won for now.
wait and see
if 2008 will be 200 million or 250 I think its still very good.
shareprice is still low even with 120 mill revenues next year..
for now they still raised yearly revenues..so I wouldnt be surprised if this years will be raised too above 70
so keep your shirt on
great accumalating price
there wont be dividend on NMKT CHINA yet
that seems more than logical to me
to me it sounds like NMKT "sold" MOS for VHGI stock (3 million in stock and dept). So I agree its a better deal for NMKT.
With at least 120 million in revenues next year and I strongly believe in a next increase in revenues THIS year the shareprice is extremely low .
It is still puzzling me why people wants to keep this down by saying it will be a flatliner.
This one will pop up strongly at a certain moment ansd squeeze the shorts at 0.43 and will reach +0.60 in a few days than.
when?
just need one good trigger
nmkt wins 1,5m$ at this sale and keeps giving support!!
NewMarket Technology acquired controlling interest in MOS for $550,000. Since the acquisition, NewMarket has invested approximately $1 million into MOS as part of the Company's incubation process. NewMarket is now selling the incubated subsidiary to VirtualHealth Technologies for $3 million in stock and debt. Second, NewMarket Technology will provide on-going services to VirtualHealth to support the continued development of VirtualHealth Technologies' internet enabled prescription monitoring and tracking software as well as other healthcare related technology projects.
closing at 30.5 or higher could take this one back to .36 in no time!!
I even see the squeezing point for shorters as a possibility.. at .42-.43
will this be reached 0.60+ is imminent.
So any gambler can now double his money or at least take 40%.
what he has to do. get the price up to +.30,5
good luck !!
as far as I understood there wont be dividend on the new NMKT China sub. which is understandable in my book due to dillution