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nicely done. too late for me and others but well said, thanks
An announcement for a $1.7 million contract should be a weekly thing for a $100 million a year company.
how will NUBL, which has no cash acquire the mysterious ODM operations from CCTR? will this be through worthless share exchange? how did NVAE shareholders benefit by buying the exceos personal company "SEA Kenya" in a share exchange? how is it that NVAE turned it's first profit after it was voted that he get 50% of any quaertrly profits, even when there was no revenue to support a profit in that quarter? what happened to that "optimistic vision" of 160M for CCTR? when do you expect Titlon and NWMT's SEA-Tiger to begin fleecing the naive?
?
just a few questions to which i believe the exceo holds the answers, but will skirt the truth. when will he face is live ?
the exceo the boldness to denounce a shareholder for seeking some reassure from management after he made promise after promise for years concerning dividends and additional shares and all we realized was dilution and reverse splits. Well, here they are wizard:
PHILIP VERGES - IPVOICE COMMUNICATIONS INC (IPVO)
CEO Interview - published 04/12/2004
“We think that from an investment perspective, IPVO is a diversified, much greater opportunity for return
..................................................... .................
Dear Shareholders and Interested Investors:
“I am committed to delivering a long-term return to NewMarket shareholders
Best Regards,
Philip Verges Copyright © 2004
………………………………………………………
NewMarket Technology Inc. Launches Pharmaceutical Distribution Software and Begins Marketing in China after Increasing Healthcare Sales Rate by 100% Business Wire, Oct 24, 2005
“…technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends.”
………………………………………………………
NewMarket Technology Inc. Announces Record Date July 1st 2005 for Dividend to Shareholders.
“NewMarket shareholders will receive a property dividend in the form of DFTS stock at a later date.”
………………………………………………………
NewMarket Technology, Inc. Ranked Fifth Fastest Growing Company in North America on Deloitte's 2006 Technology Fast 500 Market Wire, October, 2006
“…and enhance shareholder value with the regular issue of dividends.”
………………………………………………………
NewMarket Technology Inc. Expands into Brazil with Acquisition of Technology Services Firm Reporting $14 Million in Profitable 2005 Revenue Business Wire, Feb 23, 2006
“…and enhance shareholder value with. the regular issue of dividends
……………………………………………………….
NewMarket Technology, Inc. Announces Henryk Dabrowski President of NewMarket Latin America and 36Month Plan for $150 Million in Revenue from Region; NewMarket Latin America President Presents RegionalPlan in Letter to Shareholders March 23, 2006
“NewMarket shareholders would receive an equity dividend in the newly listed company.”
NewMarket Technology, Inc. Signs Second Letter of Intent Advancing Strategy to Build IP Library and Issue One Dividend for Every One Share of Stock Business Wire, March 5, 2007
NewMarket China, Inc. Releases First Letter in Series of Updates on Acquisitions, Subsidiary Listings, Dividends and Move to a National Exchange Feb 22, 2008
“…establishment of a regular and continuous issue of shareholder dividends.
NewMarket Technology, Inc. Announces Dividend in Conjunction with Letter of Intent to Acquire Majority Interest in Silicon Aquarius, Inc. a Telecom Firm with 23 Patents.
Now here is my suggestion to all shareholders:
Now is our turn to say “we are sick and tired and are not going to take it anymore!”
Let your voice be heard by filing a complaint with the SEC (https://denebleo.sec.gov/tcr/add.action?... and send emails to the below people so we can have our concerns heard and NewMarket Technology Inc., make to explain their arbitrary business decisions.
Dallas SEC Office, doing the investigation: dfw@sec.gov State jurisdiction
channel-8-wfaa-tv-abc-dallas feedback@wfaa.com
The Texas Tribune ramsey@texasweekly.com
call momfort dr. and keep asking to speak to any officer.
I believe the exceo is reading some posts and responding under an assumed name. how childish. based on the similarities in their use of language and style, has to be called out on his representation of the concept of a buyback. He calls it a gimmick; which is the same term Verges used in 2009 when he talked about a buyback.
Currently Walmart is in the middle of a massive buyback. IT is not a gimmick but a well tested method of using capital to signat management's confidence in their long term PPS prospects vs current PPS pricing.It adds value, dilution subtracts.
NWMT would never buy their stock. They know better than anyone that the PPS is going down because they know that they are committed to selling stock as their primary financing vehicle. Regardless of what they say on their webcasts, in their filings or in their press releases they plan on aggressively selling stock. Their actions for all these years have proven that.
Noneedtosuffer chooses to ignore all discussion on PPS. That is because the company's actions are indefensible.
I have long written off my massive loss in this company but I stick around for the possibility of a class action suit, or news of government action against the company or....news of an accident befalling him. He is a thief and a liar and a fundamentally bad person
In the 10 years that I have followed the exceo, there is been no proof of any real business activity. I'll put this in a nice number order to help you out.
1) There is no proof of employees. Go check out Linked-In. Typically a IT Servicing company will have at least 25% of the workforce on Linked-In.
2) There has been no proof of clients. In the IT business, nobody has heard of any of the exceo shells.
3) Call up one of his shells. You will get his sister as the IR for all of the shells.
4) Drive by the "headquarters,” 14860 Montfort Dr Ste 210 Dallas, TX 75254. There will be almost no cars in the lot.
5) ex ceo has a history pretending about a "Short Squeeze" is near as a freaking AP Headline. Only to find out that he sold 1/4 of a billion shares in 1 quarter to naive investors that took the bait.
6) he has a history about lying about a national listing. CCTR's flagship "NWMT" was delisted from the freaking OTC to the pink sheets. So much for the "upgrade".
7) he started the shell "Defense Technology" after 9-11 to attack naive investors when that tech was the "in" investment. There were no employees and it was non-operational. That didn't stop him from attacking naive investors with revenue estimates.
8) he is using the "smart phone" buzz word to attack naive investors with his "NUBL" shell. This was formed out of the shell "Phoenix Interest" which was another worthless shell.
9) CCTR is running out of a $527 month to month lease. You have to be gullible to believe there is an operational out of this lease.
10) he has issued "BILLIONS and BILLIONS" of shares with his CCTR shell even while allegedly earning $$$. He does a debt for equity scam that he need to research a little further. Look at the annual reports.
11) he never does traditional financing. Wonder why? He can do the debt for equity scam to extract money out of the naive.
12) Call up and ask to speak to a salesman. Or even drive to Dallas to ask to speak to a salesman. Good luck with that :).
13) his website are more designed for investors, instead of operating a real business. Look at S&P 500 companies, they will have a Investor Relations link and that is it.
Re: 2011 Q1 results webcast
how about addressing some concerns that will go a long way to proving nwmt sincerity:
Consider NewMarket Technology (NWMT), a company that provides a range of technology-based services. The company has total assets of $53 million, and has net current assets of $12 million. However, the company trades for just a couple of hundred thousand dollars! For a company with $100 million in sales, how can this be? what bank has the $$?
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. Who is the white knught?
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. There is onr girl at Momfort dr. no one else.
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.
if you pay, you can go!NWMT IS PAYING TO ATTEND
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where are the awards? I will email microsoft. went back two years, couldnt find them. he said same thing aboutm a trip to Washington.
* ? Business Intelligence Partner of the Year
* ? Information Worker Solutions
* ? Notes Migration Partner of the Year
* ? Citizenship Partner of the Year
* ? ISV/Software Solutions
* ? OEM Hardware Solutions
* ? Communications Sector Partner of the Year
* ? Large Account Reseller Partner of the Year
* ? Online Services Partner of the Year
* ? Core Infrastructure Solutions
* ? Learning Solutions
* ? Public Sector
* ? Custom Development Solutions
* ? License Delivery Partner of the Year
* ? Small Business Specialist Partner of the Year
* ? Data Management Solutions Partner of the Year
* ? Microsoft Country Partner of the Year
* ? SOA and Business Process Partner of the Year
* ? Distribution Partner of the Year
* ? Microsoft Dynamics Industry Solutions
* ? Software Asset Management Partner of the Year
* ? Enterprise Partners of the Year
* ? Microsoft Dynamics Product Solutions
* ? Software-plus-Services Partner of the Year
* ? Hosting Solutions Partner of the Year
* ? Microsoft Global ISV Partner of the Year
* ? Unified Communications Solutions
* ? IAMCP Partner of the Year
* ? Mobility Solutions
* ? Windows Azure Platform Partner of the Year
people left because they lost money. just like you lost money
the videos are old and outdated. did you listen to them.?they are cheap and amaeturish, and none of his promises come true
how about the old videos on this IHUB promo. my posts are accurate. no one can totally dispute them but the exceo, and he doesnt, cause thehy are from the filings.
Follow the money and greed
On October 14, 2009, NewMarket engaged in a debt restructuring with Timeless Investments, Ltd. and Green Shield Management. (More on Green Shield later.) NWMT retired $1,500,000 in debt with Timeless in exchange for 1500 shares of NWMT Series J Preferred stock. Each share of the Series J Preferred can be converted to $1000 of NWMT common stock, regardless of how high or low the stock price is. The preferred shares also pay 8% interest per year.
So Timeless Investments bought the right to buy $1.5M in NWMT stock At the current price of $0.0003 per share, that's 37,500,000,000 shares. Considering that at the end of 3Q 2009 there were 18.66M common shares in existence, Timeless bought the right to triple the number of outstanding shares.
So Timeless Investments, an entity that is never talked about on this message board, is pretty important to NWMT's future. I did some research on Timeless, and here is what I found.
Timeless is located in the Turks and Caicos Islands in the British West Indies. It is owned by lawyer and investor Hugh G. O'Neill. It appears as though Mr. O'Neill set up Timeless for the sole purpose of doing the NewMarket deal and perhaps distancing the deal from his primary investment company Outboard Investments.
Here is what wiki,answers,com says about Mr. O'Neill's Outboard: "Outboard is domiciled in the Turks and Caicos islands. Primarily engaged in convertible debenture financing of struggling penny cap investments. Also known as death spiral financing. . . . General observation is that once they move in on a stock, mayhem to the share price soon follows."
On the day the deal was signed, NWMT stock closed at $0.39. Since Mr. O;Neill took control of the J Preferred, the common stock has fallen 90%. This kind of deal is called "death spiral financing" for a reason. Timeless's Series J Preferred stock can NEVER lose its value, because each share of preferred buys $1000 worth of NWMT common, regardless of how low the stock goes.
When the stock was going down day after day after day, it was almost certainly O'Neill converting his preferred shares and unloading the common. With so many shares at his disposal, he could easily manipulate the price up or down to maximize his conversion rates and selling prices.
If and when the 2009 annual report comes out, it will show that the number of common shares outstanding has skyrocketed. By the way the auditor for NewMarket's 2008 report was found guilty by the SEC of doing fraudulent audits and has been barred from auditing companies that report to the SEC. That's why I say "if and when." it did come out. ck out sea tiger..sound familiar?
HOWS THAT $160 MILLION SALE GOING???? PATHETIC!Let's look at CCTR and his big contract?????
The customer, an undisclosed Japanese firm, has already placed a $1.6 million purchase order for 100 sets of the device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 sets." what happened???????????
Guess they didn't perform so well....this was back in early Dec.2009....
this stock was dead long before this.......... The latest news release for both CCTR and NWMT contain the following gem: "... plans to enhance shareholder value in 2011 ...." Once again he will deceive novices to these stocks into believing that they are greatly undeervalued. What "plan" will he disclose this time to enhance shareholder value? We have heard these words many times in the past. So just a word to the wise, be very, very cautious when investing any money in these stocks based on words in a PV press release! jmo In Scottrade, CCTR Previous Split data, supplied by CCTR, is shown as 1,025 to 1,000 or ratio of .98, 05/12/2009, when it actually was a 1 for 25 Reverse Split with a ratio of .04. We need to get access to the 10+ years of PR's release by him.. He promised a short squeezes, dividends, national listings, buy-ins, revenue guidance with non-operational shells, debt for equity scam, the conversion of 40 million shares of common to preferreds without the SEC filing with NWMT.
Below is a quote from their 10-Q report filed on 8/23/10:
"On June 29, 2010 we entered into an Agreement and Plan of Merger (“Merger Agreement”) with our 90% owned subsidiary, NewMarket Latin America, Inc. (“NMLA”). This was a statutory parent-subsidiary merger and the shareholders of NMLA (excluding the Company) will receive in the third quarter of 2010 an aggregate of approximately 4,197,500 shares of our common stock in exchange for their holdings in NMLA."
So far I have received nothing for my shares of NewMarket Latin America (originally bought as "NLAI").
See if they will pull records of W-2's for current employees or even paystubs. He is claiming over 600 employees. Show proof of payroll payments. How about proof of any customers? How about information about the $527 month to month lease in China? Have them watch the webcasts that are like a get rich quick scam. Have them look at the CEO telling investors to "Trade" his stock. Look at the paid for analyst reports. Look at the amount of dilution that followed the "paid for analyst reports.
He is also involved with DFTS, NLAI, NWMT, NUBL, NVAE, WSGF, etc. He uses "Buzz Words" to create his shells. Like "HomeLand" defense after 9-11 for DFTS. Or "Smart Phones" for NUBL.
CCTR was formed out of the reverse merger of Intercell. The SEC was supposed to investigate reverse merger scams in China.
NUBL was formed out of the reverse merger of Phoenix Interest. Another non-operational shell.
All these reverse mergers are set with shells. All of a sudden he claims millions of revenue and sells billions of shares, reverse splits, and sells billions more.
2011 Q1 results webcast
The 2011 Q1 Results webcast is a scream. Note to exceo and Noller: there's no such thing as "Operational Income". And how can you say that "cashflow doesn't support a buyback"?? You supposedly generated $3.5MM in cash from operations last year alone. That's FIVE TIMES the market cap! I guess your financial statements fiction.
spot on my friend. but we must take every opportunity toi TRY and get to him. Again, thanks, hope brother in law and family are doing well. clay
herbie, town hall meeting in Dallas can you make it?
in my past i managed a blues band and wrote songs for them. loved the song
the key is to not let her go down so you can keep milking th cow. ck out the exceos associates,,oneill, linton et al.
what happened to all the pumpers? What happened to the PPS? Any one with half a brain would know they had been had. ALL FROM SEC!!
You say you want proof ? Well here is where the exceo uses NVAE public money in exchange for worthless stock of SEA Kenya. Notice how he also stipulates that he gets 51% of all net income of NVAE:
http://www.sec.gov/Archives/edgar/data/1...
Here are a few companies, both public and private he has incorporated in Nevada (be sure to input philip verges):
http://nvsos.gov/sosentitysearch/CorpSea...
Would you like to see a small portion of the web of companies he is using to perpetuate his scam? try following these:
http://www.corporationwiki.com/graphs/ro...
A David W. Lee is/was President, CEO, Dir, of digiMedical Solutions (DGMS). A company that worked with NewMarket (circa 2008) in offering a integrated technology solution for the health care field. DGMS installed the exceo as a director of the company at that time.
Presently DGMS is taged on the PinkSheets as a STOP company (Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group.)
Could this be the same David Lee? The incoming CEO of NUBL. do you see the pattern here? you all lost money so you blame who? the exceo got you and got you good. you should have listened.
Who is James Tilton?
NuMobile, like many companies, has special preferred stock that common shareholders can't buy. Especially interesting is Series A Preferred stock, which costs $100 a share. Series A preferred pays a whopping 24% annual interest, with 2% paid every month. Even better, when the owner of the preferred stock wants to exchange it for common stock and cash out, every $100 of Series A is worth $125 in NuMobile common stock.
Wow! The owner of Series A could make a quick 25% profit just by cashing in the shares now. Or he could hang on to the Series A, collect 24% a year for a while, and then make another 25% profit by cashing out. What a sweet deal!
The 2008 annual 10-K made no mention of the Series A stock ownership. But the 2009 report, dated April 7, 2010, sure did. According to the report filed with the SEC, "As of March 25, 2010, the holder of our 2,656 outstanding shares of Class A Preferred Stock, Beachhead LLC, owns 64% of the voting power of our shareholders. As a result, the holder of our Class A Preferred Stock will have the ability to control all matters submitted to shareholders."
You will never guess the address for Beachhead LLC. It's not other than 14860 Montfort Drive, Suite 210, Dallas, TX 75254. Sound familiar? That's the address for NewMarket Technology. And a footnote for Item 12 states, the exceo has voting and investment power over the securities of the Company owned by Beachhead, LLC
So the exceo owns a controlling interest in Greenfield Partner NuMobile through preferred stock shena@#$%ns, just like he took over ownership of NewMarket from the shareholders. In March he moved in David Lee as CEO to run the company for horse trader Tilton, while Tilton played musical chairs by becoming CEO of Nova Energy. Meanwhile Verges made himself interim president, chief executive officer, secretary and treasurer of Nova Energy, suggesting that he controls that company, as well.
Now we know that at least one and probably all of the "Partners" is actually owned and controlled by the exceo, it will be interesting to see what financial games they play. Will they buy and sell from each other to boost their revenue? Will they continue to have joint summits and trade missions? Is the exceo using NewMarket's cash and resources (PR firm) to benefit the other companies he personally owns?
In January 2010, Ingram Micro, Inc. (“Ingram”), a supplier to our IP Global Voice operating subsidiary, obtained a judgment in California Superior Court for approximately $730,000 against IP Global Voice for payment of past due invoices. As the operations of this subsidiary were discontinued in November 2009, Ingram moved to enforce a corporate guarantee we had previously provided them in conjunction with a line of credit they had provided IP Global Voice. In the second quarter of 2010, we executed a settlement agreement with Ingram under which a third party agreed to pay Ingram in full settlement of all claims related to this action in exchange for (i) our issuance to the third party of a $715,000 8% unsecured convertible promissory note, and; (ii) a release by Ingram from all claims and judgments related to this action.
We have incurred expenses related to the settlement of lawsuits of $715,000 and $1,020,953 for the years ended December 31, 2010 and 2009, respectively.
As of December 31, 2010, we conducted an evaluation of the effectiveness of our internal controls over financial reporting based on criteria established in “Internal Control-Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission, or the COSO Framework. Management’s assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of those controls.
A material weakness is defined within the Public Company Accounting Oversight Board’s Auditing Standard No. 5 as a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. Based upon this assessment, management concluded that our internal control over financial reporting was effective as of December 31, 2010.
This annual report does not include an attestation report of the Company’s independent registered public accounting firm regarding internal control over financial reporting. The Company’s internal controls over financial reporting was not subject to attestation by the Company’s independent registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report.
In April 2009, GreenShield assigned 500 shares of Series J Convertible Preferred Stock to ES Horizons, Inc. a management company that is beneficially owned by Philip Verges, our Chairman of the Board. In May 2009, ES Horizons exchanged their 500 shares of Series J Convertible Preferred Stock for the issuance of 500 shares of newly authorized Series K Preferred Stock of the Company. Pursuant to the terms and rights of the Series K Preferred Stock, the holders of the Series K Preferred Shares shall have the right to vote on any matter with holders of Ccommon stock voting together as one (1) class and the holders of the Series K Preferred Shares shall have that number of votes (identical in every other respect to the voting rights of the holders of other Series of voting preferred shares and the holders of common stock entitled to vote at any Regular or Special Meeting of the Shareholders) equal to that number of shares of common stock which is not less than 51% of the vote required to approve any action, which Nevada law provides may or must be approved by vote or consent of the holders of other series of voting preferred shares and the holders of common stock or the holders of other securities entitled to vote, if any.
(1)
Based on 10,964,272 shares of common stock outstanding on December 31, 2010 and the conversion of Series J Convertible Preferred shares and convertible debt eligible for conversion on that date for a total issued and outstanding on a fully diluted basis of 12,605,623 shares.
(2)
Based on 500 shares of Series K Preferred Stock issued and outstanding, which are deemed to be the equivalent of 51% of all shares of Common Shares represented at and entitled to vote at any shareholder meeting of the Company.
(3)
Based on 10,964,272 shares of common stock outstanding on December 31, 2010 and the conversion of Series J Convertible Preferred shares and convertible debt eligible for conversion and the Series K Preferred Stock being able to vote 51% of all shares of common stock issued and outstanding, the Series K Preferred Stock is equal to 13,120,138 shares of voting common stock.Conversion of debt and interest to preferred stock
3,250 3 3,249,997 3,250,000
Conversion of debt and
interest to common stock
23,919 24 1,122,361 1,122,385
Issuance of preferred stock for law suit settlement
1,000 1 999,999 1,000,000
Issuance of common stock for services
2,000 2 197,498 (197,500 ) -
Issuance of common stock for
trade payables
1,262 1 134,162 134,163
Amortization of deferred compensationWe have incurred expenses related to the settlement of lawsuits of $715,000 and $1,020,953 for the years ended December 31, 2010 and 2009, respectively.
Here is a list of the consistent “pumps” the exceo, founder of NewMarket, engaged in over the years. He used his U.S. Military Academy experience as credentials, along with the stature of board member General Robinson (now deceased), once Chairman of Texas Federal Reserve.
from then ceo - IPVOICE COMMUNICATIONS INC (IPVO)
CEO Interview - published 04/12/2004
“We think that from an investment perspective, IPVO is a diversified, much greater opportunity for return
..................................................... ................
Dear Shareholders and Interested Investors:
“I am committed to delivering a long-term return to NewMarket shareholders
Best Regards,
still ceo Copyright © 2004
………………………………………………………
NewMarket Technology Inc. Launches Pharmaceutical Distribution Software and Begins Marketing in China after Increasing Healthcare Sales Rate by 100% Business Wire, Oct 24, 2005
“…technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends.”
………………………………………………………
NewMarket Technology Inc. Announces Record Date July 1st 2005 for Dividend to Shareholders.
“NewMarket shareholders will receive a property dividend in the form of DFTS stock at a later date.”
………………………………………………………
NewMarket Technology, Inc. Ranked Fifth Fastest Growing Company in North America on Deloitte's 2006 Technology Fast 500 Market Wire, October, 2006
“…and enhance shareholder value with the regular issue of dividends.”
………………………………………………………
NewMarket Technology Inc. Expands into Brazil with Acquisition of Technology Services Firm Reporting $14 Million in Profitable 2005 Revenue Business Wire, Feb 23, 2006
“…and enhance shareholder value with. the regular issue of dividends
……………………………………………………….
NewMarket Technology, Inc. Announces Henryk Dabrowski President of NewMarket Latin America and 36Month Plan for $150 Million in Revenue from Region; NewMarket Latin America President Presents RegionalPlan in Letter to Shareholders March 23, 2006
“NewMarket shareholders would receive an equity dividend in the newly listed company.”
NewMarket Technology, Inc. Signs Second Letter of Intent Advancing Strategy to Build IP Library and Issue One Dividend for Every One Share of Stock Business Wire, March 5, 2007
NewMarket China, Inc. Releases First Letter in Series of Updates on Acquisitions, Subsidiary Listings, Dividends and Move to a National Exchange Feb 22, 2008
“…establishment of a regular and continuous issue of shareholder dividends.
NewMarket Technology, Inc. Announces Dividend in Conjunction with Letter of Intent to Acquire Majority Interest in Silicon Aquarius, Inc. a Telecom Firm with 23 Patents.
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I offer the below website with its findings.
http://www.gurufocus.com/news.php?id=899...
“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?”
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SEC Microcap Fraud Working Group 7-Jun-11 08:30 pm
The Microcap Fraud Working Group is a joint initiative of the SEC’s Division of Enforcement and Office of Compliance Inspections and Examinations. The Working Group is pursuing a strategic approach to combating microcap fraud by focusing on recidivists and insiders, and on the attorneys, auditors, broker-dealers, transfer agents and other gatekeepers that facilitate a large volume of the fraud in this sector. The Working Group is comprised of staff from the SEC’s headquarters in Washington D.C., each of its 11 regional offices, and from the Office of Market Intelligence, Division of Corporation Finance, Division of Risk, Strategy, and Financial Innovation, Office of General Counsel, Division of Trading and Markets, and the Division of Investment Management.
For additional information about trading suspensions, including answers to frequently asked questions, read the SEC’s Investor Bulletin on Trading Suspensions available at http://www.sec.gov/investor.shtml as well as on http://www.Investor.gov.
http://www.sec.gov/news/press/2011/2011-...
BTW, greedfield program was a front. he owned all the companies.
herbie, sco, listened to webcast this morning. hes changing direction again, abandoning greedfield program. howmis he stil in char? oh thats right the BOD is fake. PPS goes down again.Webcast
No plans for upgrade
No plans for dividends
Dilution will occur as long as it occurs "out of the control of management. Entirely in the control of preferred shareholders"
Stock price is the result of
global recession
short sellers
dilution
In my opinion the price will go the way of others...between .0001 and .0002. I expect an increase in the Authorized share count or another split
here he goes again.
On February 11, 2010, pursuant to a stock purchase agreement between the Company and NewMarket Technology, Inc. (“NewMarket”), the Company acquired from NewMarket all of the outstanding capital of Infotel, such that Infotel became a wholly-owned subsidiary of the Company, and the Company issued to NewMarket 2,000 shares of Series B Preferred Stock. As the holder of the Series B Preferred Stock, NewMarket owns 51% of the voting power of the Company’s shareholders.
At the time of the recapitalization, the Company was not engaged in any active business, such that the business of Infotel became the business of the Company.
References in this prospectus, and the registration statement of which it forms a part, to “we,” “us,” “our” and similar words refer to the Company and its wholly-owned subsidiary, Infotel, unless the context indicates otherwise, and, prior to the effectiveness of the reverse acquisition, these terms refer to Infotel. References to “TuneIn” relate to the Company prior to the reverse acquisition.
In connection with the recapitalization, on March 15, 2010, the Company amended its certificate of incorporation to (i) change its name to Sea-Tiger, Inc., (ii) increase its authorized number of shares of Common Stock from 200,000,000 to 2,500,000,000, and (iii) effect a 1-for 10 reverse split of its Common Stock. All share amounts in this prospectus and the registration statement of which it forms a part have been retroactively adjusted for the reverse split unless otherwise indicated.
About This Offering
This prospectus relates to a total of 1,399,978 shares of Common Stock of SEA-Tiger, Inc., offered by the selling stockholders. As of April 29, 2011, there are 5,189,401 shares of Common Stock issued and outstanding.
when re runs out of stock to sell what other choice does he have? wsimple question, what bak had the $4 miilion in cash?
this how they operate. missed dates, false promises, and then reverse splits. FINRA delisted them because they missed three filing dates in a row. then he tried to sue them for not telling him about the three strikes rule.
that's the rub. the exceo doesnt want the new people to k ow hes reverse split twice in tow years. one split 200 to1 so the O/S is significantly higher. good points though
out of 2 billion shares as of march 31st 2011, they have 295,132,892 shares issued and outstanding.so think about rest of remaining shares will be issued in coming months.stock price not going anywhere but downward.its totally scam beware, people make money who are the board of directors and cronies. anyone whio has bought stock loses value every day bt exceo dilution
did you read the report? O/S count?
pps up? what a run? ex ceo wins agfain.
if you have $4 million in a bank, how can you not get credit? why must you continue to sell shares?
didnt you meet with the exceo? according to most hes very accessible? Did thee PPS hit even a penny? Big business meeting on Friday for my new business. Met with president of the bank. ex ceo must have terrible credit.
did any one listen to the webcast?
we should have seen the man does not have his priorities straight. once he did then valens deal and balmed them, like they froced him to take the money. then he tried to sue FINRA for not tellingnhiommhe was late, again, didaster struck. he couldnt and wouldnt top his greed and hoooked up with Hgh, amazing its so clear now. i also hope these guys make $$
when will people listen. what do you think the ex ceo has made$$ since this last group weighed in?
there is only one reason to not list the share coiunt. If there are more, please let me know.
recapping the week. id say he diluted at leat 100 million shares, amking any shares boughgt, except of course preferred held by him wautomatically worth less. sorry, i wish you all made money but he is really good at this