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MM's need to be forced to raise it. Supply vs demand. Volume is what does it. The demand needs to exceed the supply. The level 3's, which only they can view, tells them them exactly what that ratio is. Regardless of the company's worth, if the demand isn't there, the pps stays. Add to that, manipulation by the MM's and naked short selling. Naked short selling is basically selling shares that don't exist.
By looking at the data, it doesn't seem fair to have it .0006. But that's the way the market works.
Not really. 7 is a resistance point. Not enough volume to break it. With the webcast being on Friday and not today, the Day Traders are making their exit. They will all be buying back on thursday. We still have great bid support at .0004. Other people selling are those that bought at 5 and 6 and are leaving for 4. The buy high, sell low people. The stock needs a day to get rid of it's garbage. Its a good consolidation day.
Yeah, that 1stQ is good stuff!
The boat is fit for sailing.
Just have to find a way to untie it from the dock and let it go.
Haha, I too, am rooting for you Witte! Good times!
Even though they had 118 million in revenue, they only finished the year with 881K net. It wasn't 118 million net. Read the 10K. There's one reason.
They initiated a 1:200 RS in an attempt to raise capital for their business as a systems integrator. A field in which they were too small in comparison to IBM/HP, which dominate that arena.
After the RS, like all subby's that do it, got slaughtered by naked short selling and legitimate short selling, panic selling, day traders, etc., effectively decimating the stock price. There's another reason.
With companies that are sub penny, investor confidence is always low. The risk is always high. With that in mind it's difficult to generate the buying volume needed to raise the PPS. If you can lower the risk and raise investor confidence, then you have a chance. Lot of companies do this through lies and deception hence why there is hesitation here. Until they prove they are not a scam, the risk will remain high. By doing sufficient DD, you can figure out the odds of whether or not the company will rise or continue to fall. So far, I have seen nothing to indicate a scam or a paid pump.
Nobody is saying that this company is a blue-chip or should have blue chip respectability. It has it's issues. However, the basic fact is, the value of their assets do not match the current PPS that the market is giving them. The data says that. Not me.
If they show in their 1stQ report that their new business model, as being a conglomerate, and that their current and future subsidiaries are indeed worth more then they are given credit for, the PPS will approach it's true market value.
If you have anything intelligent to show that can alter my analysis on this, feel free to post it. Merely speculating that the company will do another RS on no data, within less then a year, won't do the job.
I don't recall a PR saying there would be a share buyback.
That's more of just banter, I think, between people guessing of what will be mentioned in the webcast this week.
However, in one of the previous webcast, NWMT mentioned that they would work to stop the issuance of shares.
Here's the link to that webcast. The topic is in slide #4
Labeled 'REDUCE USE OF NEWMARKET STOCK'
http://www.newmarkettechnology.com/wc_20110502.htm
Do I think a share buyback is possible? Sure. Do I personally think it will happen? Not immediately. I think they'll use their capital for further acquisitions of other companies, increasing the amount of their subsidiaries resulting in higher asset value.
For those that don't know, a share buyback is the repurchase of outstanding shares by a company in order to reduce the number of shares on the market. Companies will buy back shares either to increase the value of shares still available, in effect reducing the supply.
A buyback allows companies to invest in themselves. By reducing the number of shares outstanding on the market, buybacks increase the proportion of shares a company owns. Buybacks can be carried out in two ways:
1. Shareholders may be presented with a tender offer whereby they have the option to submit a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.
2. Companies buy back shares on the open market over an extended period of time.
Yeah, the numbers are there for a good argument on the true market value. However, being that the biz plan is no longer the one that produced those numbers, it's a whole new ballgame.
You've gotta love that they have streamlined their business. By re-focusing their efforts into increasing the value of their subsidiaries, rather then fighting for scraps off the IBM/HP tables will improve shareholder value over time.
Because most investors right now have no clue as to how NWMT does business and how it is changing, the new numbers will confuse them.
Everybody needs to forget about the 118 million from 2010. Hopefully, I'm wrong and people will actually do some DD into this company, rather then just trading on blind faith.
The sale of Shenzhen Nubao Technology Co. Ltd. to NuMobile will greatly increase NWMT's numbers. Having done 22 million in revenues last year, I doubt that they are selling it for peanuts. Add to that, shareholders of NWMT may see a dividend reward from that sale only sweetens the deal.
Being that the initial acquisition of the Nubao company by NWMT was last year, the cost of making that acquisition won't count against the revenue generated in the sale for this quarter as it already counted against the revenue generated in 2010. The 2nd quarter numbers for NWMT will be HUGE! The shareholders of NUBU will vote on next week and is expected to pass. The deal will be finalized at the end of June.
I take that last statement back. The Greenfield Partnership Program ended this year. Being that NWMT is looking to acquire new companies under it's new Conglomerate biz plan, and has a great relationship with Tilton, there's still a chance, but not a big one.
Result of an R/S, immediately followed by a crush of naked short selling.
Read the 10K completely.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7880066
It definitely makes you scratch your head. But, those figures are based on assets and liabilities from 6 months ago. Keep in mind they ended the Greenfield Partnership program as well as changed their business plan over the last quarter. Their assets vs liabilities vs equity, as of now, is pretty different I would imagine. The question is, 'how different'. How does becoming a conglomerate affect the fundamentals? That's what we'll find out next week and those answers will determine the future movement. Hopefully, by being a conglomerate, their assets will increase and their liabilities will decrease.
Of course, to be a viable conglomerate, they need to make acquisitions. To do that they need capital. If they dilute shares in order to make acquisitions, I'm cool with that. In this webcast that they're doing, they need to show a viable plan on how they plan to raise the capital needed to become an effective a conglomerate of systems integration. That was the reason given for the R/S last year. They needed the PPS higher to raise capital. The Naked Short sellers destroyed that plan. Now they have a new plan. They're not going to do another R/S within 6 months. That will never happen. Their new business plan should show how they intend to raise the capital needed. Ie, to expand into India. Which to me, is extremely important to their future growth.
In October 2010, we entered into a non-binding letter of intent with an India-based firm to enter into a business development agreement as part of our plan to expand our operations into India. India is a recognized global technology services outsourcing resource, and we have been developing plans to expand our outsourcing services, established in 2009, through geographic expansion into India.
Lots of exciting stuff ahead.
Here's my math with the info garnered from the 10K. Obviously their assets and liabilities will be different from 6 months ago. But, I'm guessing for the better. Also, don't forget about India. They're moving into that territory as well.
BOOK VALUE PER SHARE: Using info from the 2010 10K, here is the range of Book Value per Share. This doesn't include any change of assets or liabilities that may have occurred since 12/31/2010. This is based on information that is currently in documents filed with the SEC.
The 10K does give a 1st Quarter update regarding share structure which will be in the 10Q on Tuesday as well.
At best: $0.255 with a 175,490,665 O/S
At Worst: $0.02 with a 2,000,000,000 O/S
Here is my Data for the Book Value per Share.
As of December 31st, 2010:
Total assets: 71,928,313
Total Liability: 27,014,766
As for the O/S, the 10 K shows:
Common stock; $.001 par value; 2,000,000,000 shares authorized;
10,964,272 as being issued as of 12/31/2010
This is after a 1:200 R/S
In the first quarter of 2011, the Company issued 164,526,393 shares of common stock pursuant to the conversion of 403 shares of Series J Convertible Preferred Stock. Unless there was additional dilution known to have occurred between the time the 10K was issued, April 26th, and now, then this is the most accurate number I can put together.
With that info, the total O/S is at 175,490,665
Soooooooo,
(71,928,313 - 27,014,766) / 175,490,665 = 0.255
Now, lets say the O/S has been diluted more. Lets say it's at 500,000,000.
That would give a book value of .089
Lets go further and assume its at 900,000,000
That would give a book value of .049
Now, lets assumed the O/S is maxed out at 2,000,000,000
That would give us a Book Value of .02
So, in all, .0006 is pretty much absurd. Worse case scenario we should be at .02
With profits being recorded, regardless of the size, they shouldn't be sub-penny. Let alone 4 digits. There are far worse companies with far better share price.
Anybody, feel free to correct my calculations.
Dilution in the 1st Quarter.
From the 10K.
In the first quarter of 2011, the Company issued 164,526,393 shares of common stock pursuant to the conversion of 403 shares of Series J Convertible Preferred Stock.
Thats all the info on dilution that has been released to the public. Add to that the 10,964,272 of existing O/S as of Jan, 1, 2011, gives as 175,490,665 of known O/S. Any mention of additional dilution and it's amount is merely speculative until we see the 10Q.
Data indicates that they are legitimate.
If you make a remark like that, you should supply evidence to prove your statement. Using dilution as a reason is bush league. All penny's dilute to pay off convertible debt, make acquisitions, etc. Many R/S as well. Doesn't make them a scam.
Granted, a company that is at these levels, does present a higher risk of being a scam. Diligence is needed. As far as I know, from the reports I have poured over, the only unethical actions regarding this company is the naked shorting.
That share price is based on November 2010 data.
You take the asset value minus the liabilities and divide that number by the O/S.
Because there was a 1:200 R/S in December 2010, the O/S has since changed. Also the asset value and liabilities has changed.
See my previous post #19364 for a more accurate value based on information that is currently public knowledge.
My position is that it's undervalued. And it got that way as a result of naked shorting and panic selling during the 1st quarter.
If they can post data that shows they are continuing to make revenue with a decrease in cost, and if they can show that changing the business plan to that of being a conglomerate will be more profitable, then they should gain some investor confidence, and that, in a perfect world, should raise the PPS should rise.
But, this is Pinkyland and you never know whats going to happen. 2 + 2 rarely equals 4.
NWMT's subsidiary, China Cresent CCTR, will be finalizing the NuMobil deal by then end of June. As shareholders of NWMT, we will also see a dividend from the sale.
NUBL PR:
NuMobile, Inc. announced a key stakeholders meeting scheduled the week of June 6 in Shenzhen, China. The primary purpose of the meeting is to take next steps toward acquiring an original design manufacturing (ODM) company based in Shenzhen, with approximately $22 million in annual revenue. The acquisition is planned to be complete by the end of June.
CCTR PR:
As part of a strategy to enhance shareholder value, we recently announced that we are contemplating a plan under which we would sell one or more of our subsidiary operations to a third party which would potentially create a cash or stock dividend distribution to our shareholders and a financial interest in the third party.
Watch the video for additional info about the transaction:
http://www.newmarkettechnology.com/wc_20110511.htm
Hence why they are streamlining.
Whats the point of making 118 million and only keeping 881,253
By making the adjustments to their plan, they'll increase the value of their assets and cut their liabilities. The market will have to recognize their true market value.
BOOK VALUE PER SHARE: Using info from the 2010 10K, here is the range of Book Value per Share. This doesn't include any change of assets or liabilities that may have occurred since 12/31/2010. This is based on information that is currently in documents filed with the SEC.
The 10K does give a 1st Quarter update regarding share structure which will be in the 10Q on tuesday as well.
At best: $0.255 with a 175,490,665 O/S
At Worst: $0.02 with a 2,000,000,000 O/S
Here is my Data for the Book Value per Share.
As of December 31st, 2010:
Total assets: 71,928,313
Total Liability: 27,014,766
As for the O/S, the 10 K shows:
Common stock; $.001 par value; 2,000,000,000 shares authorized;
10,964,272 as being issued as of 12/31/2010
This is after a 1:200 R/S
In the first quarter of 2011, the Company issued 164,526,393 shares of common stock pursuant to the conversion of 403 shares of Series J Convertible Preferred Stock. Unless there was additional dilution known to have occurred between the time the 10K was issued, April 26th, and now, then this is the most accurate number I can put together.
With that info, the total O/S is at 175,490,665
Soooooooo,
(71,928,313 - 27,014,766) / 175,490,665 = 0.255
Now, lets say the O/S has been diluted more. Lets say it's at 500,000,000.
That would give a book value of .089
Lets go further and assume its at 900,000,000
That would give a book value of .049
Now, lets assumed the O/S is maxed out at 2,000,000,000
That would give us a Book Value of .02
So, in all, .0006 is pretty much absurd. Worse case scenario we should be at .02
With profits being recorded, regardless of the size, they shouldn't be sub-penny. Let alone 4 digits. There are far worse companies with far better share price.
Feel free to correct my calculations.
BOOK VALUE PER SHARE: Using info from the 2010 10K, here is the range of Book Value per Share. This doesn't include any change of assets or liabilities that may have occurred since 12/31/2010. This is based on information that is currently in documents filed with the SEC.
The 10K does give a 1st Quarter update regarding share structure which will be in the 10Q on Tuesday as well.
At best: $0.255 with a 175,490,665 O/S
At Worst: $0.02 with a 2,000,000,000 O/S
Here is my Data for the Book Value per Share.
As of December 31st, 2010:
Total assets: 71,928,313
Total Liability: 27,014,766
As for the O/S, the 10 K shows:
Common stock; $.001 par value; 2,000,000,000 shares authorized;
10,964,272 as being issued as of 12/31/2010
This is after a 1:200 R/S
In the first quarter of 2011, the Company issued 164,526,393 shares of common stock pursuant to the conversion of 403 shares of Series J Convertible Preferred Stock. Unless there was additional dilution known to have occurred between the time the 10K was issued, April 26th, and now, then this is the most accurate number I can put together.
With that info, the total O/S is at 175,490,665
Soooooooo,
(71,928,313 - 27,014,766) / 175,490,665 = 0.255
Now, lets say the O/S has been diluted more. Lets say it's at 500,000,000.
That would give a book value of .089
Lets go further and assume its at 900,000,000
That would give a book value of .049
Now, lets assumed the O/S is maxed out at 2,000,000,000
That would give us a Book Value of .02
So, in all, .0006 is pretty much absurd. Worse case scenario we should be at .02
With profits being recorded, regardless of the size, they shouldn't be sub-penny. Let alone 4 digits. There are far worse companies with far better share price.
Anybody, feel free to correct my calculations.
The O/S has changed as a result of the R/S from last december 27.
Depending on how investors handle the first big resistance point, will determine whether or not this can have the upwards movement its capable of having. MM's are counting on weak hands to let them off the ropes. Until that quarterly is out, its all about investor psychology. Gonna be interesting.
"Currently, we are applying our resources more narrowly on increasing revenue and profit through improved localized operational efficiencies in our core systems integration and information technology support services. We have succeeded in building a substantial systems integration and information technology support services organization with operations in China, Southeast Asia, South America and North America. However, the global IT systems integration and support services market has become dominated by large corporations such as IBM and Hewlett-Packard. Considering the commodity pricing nature of the products in the current market environment, it is becoming more challenging for smaller companies to compete effectively as scale is critical to long-term success. Based on our relative size, we believe it will be increasingly more difficult to access the level of financing required to support the Company in transitioning from a small to medium size firm. Management has concluded that our global operations are likely to be more valuable to our shareholders by pursuing a strategy that concentrates on developing each regional operation into a niche systems integration and technology support services provider within their respective operational regions."
"Our business strategy will continue to evolve. Our current direction is aimed at simplifying our overall strategy by concentrating on building shareholder value through positioning each regional operation as a more significant niche provider within its specific area of operation. We anticipate updating and refining our business strategy throughout the year as our new direction progresses."
That PR was put out before the NT-10Q filing. They most likely realized that putting out before a 3 day weekend would result in less impact. Or for some other reason. Who cares. Postponements happen all the time. The fact of the matter is,the filing will be released on May 31st. Logic dictates the webcast will follow shortly after. Either the same day or the next.
The Sec filing says that the 10Q will be released on May 31st. That's when the webcast will be.
I see a partnership coming.
Tilton has been dealing with NewMarket Technology, (NWMT), in regards to his previous companies by partnering up with NWMT's 'Greenfield Program'.
The Greenfield Program was introduced by NWMT in 2009 to accelerate and enhance the introduction of new technology innovations into new markets, including those markets with diversified, high growth opportunities. Greenfield Program participant companies were chosen to participate in the partnership program based on their technology and service offerings, in conjunction with the emerging geographic markets in which they operate.
NWMT is a re-seller of Greenfield Partnership Program participant company technologies and provide basic back office support to the companies as they establish and grow their operations. Additionally, they provide cross-selling channels for participant companies with complementary technologies.
"Current Greenfield Program participant companies include Savannah East Africa, Inc. (“Savannah”) and NuMobile, Inc. (“NuMobile”). In April, 2010 the Greenfield Program began expansion efforts into Southeast Asia with new our partner, SEA Tiger."
Whether or not he continues to do work with NWMT in regards to Helix is anybody's guess. Just a little something I found interesting.
Hve a good weekend.
This statement pretty much says it all.
"It is management's opinion that the sum value of the Company's subsidiary systems integration operations is greater than the overall value of the Company as represented by the current share price and corresponding market capitalization."
"Therefore, management intends to concentrate all efforts on improvements to the value of each of the systems integration operations and work to connect the sum value of the subsidiary operations more directly to shareholders."
Website has been updated!
http://www.solarbrookwaterandpower.com/
I'm glad they did. I was able to get a bunch of 4's as a result.
The 54,791 and 945,208 trade have happened over 10 times since yesterday. Kinda odd.
Covering is included in that number as well. Not 100% short sells.
They did a 1:200 R/S, December 27. Then naked shorting took it down.
All those shorts will be covering soon.
The fact of the matter is, is that they are making money. They're tapping into the China market and will see some positive revenues from their subsidiaries based over there as time goes by.
For me, its a good gamble. Getting in at .0004-.0006, you're pretty much safe. Add to that, the fact that the shorts are in violation of RegSho with a webcast tomorrow, makes a squeeze imminent.
To not buy this at these levels, with whats currently happening, is like not doubling down on 2 aces in a game of blackjack. You just do it. If you lose, well, you lose. You gotta play the good hands when when they come and hope lady luck is on your side. Just don't bet more then you can lose.
Good luck.
NWMT Buyin Immininet!
http://www.buyins.net/tools/short_list.php?dys=%3E12
My 2cents, from looking at what it did during the last webcast, it went from .0004 to .0012. It should hit that mark again. .0012 that is. Depending on the strength of the webcast and how its looked at by the market, will help determine if it can break that resistance. Also depends on the short interest. The power up is always fueled by covering. The more shorts there are, the more buying there is.
If it does break the .001-.0012 resistance, then its a breakout up to .0028.
Huge performance after the previous webcast, from April 20.
Went from .0004 to .0011.
NWMT Breakout volume ahead of huge webcast tomorrow.
NWMT Breakout volume ahead of huge webcast tomorrow.
Top of the list at Buyins.net
http://www.buyins.net/tools/short_list.php?dys=%3E12
87 days in violation. I doubt that anybody would want to be short with the webcast coming out tomorrow.
Likewise. Time to make back some epgl losses.
Depending on what NITE does after their 4's are gone, there are only 20 mill on the 5's.