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$0.45 coming soon. 1m = $450,000. In one Day.Patience is the key. Lol. Amen
I just keep 80,000,how can I get back in.....
This is wow!
May 1st $0.02
Market cap will be $10m by Friday
wow! got out too early....who's pumping this....
[/color]Help gather $$$$$$$
http://www.refinedguy.com/wp-content/uploads/2012/11/obama-cash-money-make-it-rain.gif
I strongly believe that this stock will meet that deadline...Lot of big players here...Everyone waiting for R/S.. this will rock..hold on.
You are not correct. [/quote]
Day Dreaming...Good I wish I build my house up in the sky. It will soon go to $0.1, just wait..Lol
This will rock..you better hold on tight.
Please can anyone help me with this company website, working telephone number, current. address. I went to their previous address, in Dallas, they are no More there...
The new occupant said the company is not in existence again.
Beware this is a SCAM!! Stop waiting your money here...Some people are using this bait to steal your money.
Watch this will go straight to pennies after R/S. It might even go to multiple- Pennies.
watch this is going to bounce..... it will go beyond anybody expectation..... it will be sudden....lot of people will miss it...
Well some people have to leave before we can move forward...anywhere they go tank.......Thank God they are all getting angry leaving...one after the other...
Wow MONEY COMETH!!!! April 2014 is my month...Pay my Mortgage off, get some annuity for my retirement..get a new car..go on holiday to Las Vegas, Spain,Honolulu, Italy..Afica trip and do some charity works...
old story has no effect on PPS. Why your CEO always address issue on Facebook. That sound like childish play to me..
is anyone what share structure will be after R/S? A reasonable one should take us to a cent without much stress. well depending on the news and the financial report.
Read all previous post...check the company's website, call the phone number...
This will be like this until news is out..stay away now!
They will soon clean up pink sheet as well lots of scam here
OTC Minimum new rule $0.01...hope this is possible before May 1st with R/S.
http://mobile.reuters.com/article/idUSL1N0MN13N20140326?irpc=932
they will drop to pinky
OTC Minimum new rule $0.01...hope this is possible before May 1st with R/S.
http://mobile.reuters.com/article/idUSL1N0MN13N20140326?irpc=932
OTC Minimum new rule $0.01...hope this is possible before May 1st with R/S.
http://mobile.reuters.com/article/idUSL1N0MN13N20140326?irpc=932
I'm not here to bash this stock.....I want a change... we need some news in the market. We need proofs that this is not a scam
stop wasting your $$$$ here, I just turn $1000 to $12000 in 2 days where it is red hot....
you are out too early....
what is the bid PPS ?
scam stock, please don't put your money on this....
This will easy break $0.05 with all the goodies that is coming next Month.....I need money to load up more.......
better get in fast...train is about to leave.....I will load some more tomorrow.
Facebook to buy virtual reality company Oculus for $2 billion.
SEEK expecting offer.......lol
http://www.smh.com.au/it-pro/business-it/facebook-to-buy-virtual-reality-company-oculus-for-2-billion-20140325-zqn0e.html
fraud.........stock. Finally reach bottom...
I'm reporting this to every agency that deals with stock scams and such criminal acts. My goal is to know if this company still exist or not,.
Avoiding Stock Market Scams
Posted by Saj Karsan
We have discussed a couple of companies on this site that don't trade on the major exchanges (e.g. the NYSE, the Nasdaq etc). Though it has been mentioned that over-the-counter stocks do not offer investors the same protections as do stocks trading on the exchanges, the details were not explored. However, there are some "smell tests" investors may wish to apply to such apparent opportunities.
Consider NewMarket Technology (NWMT), a company that provides a range of technology-based services. The company has total assets of $53 million, and has net current assets of $12 million. However, the company trades for just a couple of hundred thousand dollars! For a company with $100 million in sales, how can this be?
It is possible that the company is not a scam at all, but just a victim of poor management. The company has issued several rounds of preferred shares, which are convertible to common stock. The conversion rates are extremely dilutive, resulting in the issuance of millions of shares that flood the market with this company's stock. Investors who believe this company to be legit should beware of further stock issuances, as convertible preferred stock remains outstanding.
But upon further investigation, there may be more to this story than the idea that this is simply an undervalued stock undergoing a flurry of dilution. While the company claims to have "over 600 employees" and its "target markets are located domestically in all 50 states", it is very difficult to pinpoint from where the company runs its operations. It's impossible to reach anyone by phone at the company's headquarters, as calls to the company's two provided numbers repeatedly went unanswered! E-mail and phone requests to the company's investor relation's department were also ignored.
Public companies are required to have independent auditors, which provide some form of comfort to investors. But this company has gone through several auditors in the past few years, each of which appears to have little in the way of name recognition but much in the way of legal issues. The auditor of the company's 2008 financial statements is now barred from practice, as per these findings of the SEC. The newest auditor is a two-person, husband and wife tandem who appear to operate out of their own home, for this a $100 million, international company!
But while it may be impossible to speak with any of the company's employees, the company doesn't hesitate to publish schools of positive press releases to pump the company's stock, including this laughable video, put together by a really professional outfit:
It's important that it be re-iterated that it's not clear that NewMarket is a scam. But it's never clear whether a company is acting fraudulently. Investors in companies that trade over-the-counter must take special steps to ensure the investment is legitimate, since the added layer of protection added by the major exchanges is absent. Since the #1 principle of value investing is "Never Lose Money", companies that don't pass these basic tests should be discarded.
Disclosure: None
Labels: NewMarket Technology, Stock Market Scams
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7 comments:
tscott said...
Ha Great Post! I loved the video too (the buzz words, the terrible green screen and the high five!)
April 13, 2010 at 10:21 AM
Akwon said...
Can't you just report them to the SEC or the exchange office, and short them? I heard there is actual groups and firms that do that. They find companies that aren't following regulation so they report them while shorting. Also heard it was 100% legal too.
April 13, 2010 at 3:25 PM
Anonymous said...
Phil Verges, the CEO of this company, is certainly an unethical sleazebag. Whether he's a criminal scam artist, that's for a court to decide. His m.o. seems to be to tout the stock with public press releases, while secretly diluting and selling stock in the background. He's been doing it for 8 years, covering his tracks by changing the company's name.
June 15, 2010 at 11:12 AM
Anonymous said...
I have been a shareholder for 5 years and the entire time I listen to promise after promise of dividends that never came true, unfulfilled promises of receiving stock in Philip Verges' other shell compaines, unfulfilled promises of increased share price.
Then, out of nowhere Philip Verges said the shareholders had to be more savvy and sell when the stock achieved a "milestone."
I now realize that NewMarket Technology Inc., is not what I thought it was and Philip Verges does not fit the image of a U.S. Military Academly graduate we think of.
For those that feel the same please file as I have done with the SEC.
Here is the website: https://denebleo.sec.gov/tcr/add.action?...
December 8, 2010 at 2:04 PM
Anonymous said...
here are some interesting facts that should be cited in your complaint to with the SEC: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=ts&bn=80550&tid=37490&mid=37490&tof=16&frt=1
January 6, 2011 at 5:08 PM
Anonymous said...
While I consider myself to be a Christian, this man Philip Verges has so blatantly stolen from innocent investors and the SEC has so blatantly turned their head that I would consider doing something unchristian to him in the idea of seeking justice. This man should die a horrible death.
October 27, 2011 at 9:58 AM
Anonymous said...
Even I, a small investor from the Netherlands, lost all of my reserves to this man (I bought Intercell shares on advice from a friend who also lost a lot. We lost tens of thousands of euros). How do we reach justice, from our place here? I'm sure this guy had partners in crime in Germany who have profited as well, because he arranged just too much press releases in Germany.
July 14, 2012 at 7:26 PM
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Thank you to all of us who filed our complain yesterday. They are already investigating this scam...