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1) The reason they are books is that there are so many issues Phil has insinuated or stated he was going to accomplish, but has not; so to document why I think Charleoi has a case, it would only be proper to try to address a decent portion of those broken statements (Some see them as promises).
2) You have no right to tell me whether I can own this stock or not - it is a publicly traded company at this point in time.
3) I have said fine - appoint someone and we'll get it done.
Just because I happen to be the moderator, it does not mean I have to cease thinking about what is actually happening in the company and to my investment.
If you are bored, why the heck do you read my posts? No need to bore yourself.
Rick told me about Tsheri/Charleoi? And THAT is supposed to convince me what is the correct situation? WAKE UP, GIRL!!!!!Rick is part of the team put together to SUPPORT NMKT. Of course he is going to present someone who is directly challenging the company managment in a negative light. The question is not what does the company think of Charleoi and his accusations, but what is the real truth behind any accusations. Is the only truth Charleoi's agenda or even worse, a vandeta,
or is the truth possible misuse of shareholders' trust and invested monies that shareholders need to become more in tune with?
Each person has to decide this for himself based on the performance of the company, the manner in which company meets stated goals, and their communication until full, unrefutable corroborating evidence is brought to light.
I will own this stock when I see good potential for appreciation and I will not be moving along for some time. If people want to stick their heads in the sand and call others who are looking at nonachieved goals in a skeptical manner idoits, OK. Your choice. Again the contrary is also just as plausible.
I was wondering the same thing. It appears to me that they are switching from just executives buying shares on the open market to an actual stock buy-back program done by the company to retire some of the OS. I certainly hope this is the case. I like that plan a lot better than executives buying shares, even though them buying shares is also a positive occurrance, it just does not have near as much positive impact on our share price.
As usual, your post is excellent and covers much of the concerns I have.
You posted: "The real news I am waiting for on May 15 is not a reduction in the fully diluted, but an announcement that all convertible conversions have been completed. Once that occurs there will be no more constant selling pressure on the stock. It is amazing that the stock has gone from .27 to .48 in recent weeks despite the addition of about 21,000,000 new shares into the market. Imagine what could happen if this dilution finally comes to an end?"
This would be a definite green light signal for me also.
I do find it interesting that no one is switching their shares to subsidiaries. I think there is still some concerns regarding the viability of the subsidiaries. So now we have to just tread the choppy water while we pay the share debt waiting for all these conversions to be completed. I sure hope that the majority of this increase in OS is conversion of preferred shares and NOT PAYMENT FOR SERVICES, etc. and DEBT.
Well, OK, we have established that we have different standards for when we consider someone a lier. I am probably a little strict, but I really get upset with ANY measure of untruth. This would explain a bit of our diference of opions regarding Tsheri/Charleoi.
And yes, I have read many of your posts where you often will post both sides of the coin when viewing NMKT's performance. It is just HERE, we were discussing the acceptability of Tsheri/Charleoi being able to post his concerns/frustrations with regards to NMKT and Phil. On this issue, you tend to fall in the group of posters who would prefer to put tape over his mouth even though others find his posts quite informative. Albeit, his posts are sometimes inaccurate and often EXTREMELY biased. But this is true of 90% of the posters. A reasonable person has to take the slant from which others tend to post and measure it against true rational thought processes. It still does not give us the right to shut someone up from voicing their frustrations just because they become overzealous at times. Those are the times we need to point such overzealousness out to them, refute them as best we can to show them that some of their statements are obviously bogus and without defense, and ask them to re-assess their views until they can see some other more appropriate reasoning. That can all be done through discussion, but not through obliteration by banning someone from posting their views. And actually, a whole lot more productive information is brought to light which helps enlighten other shareholders through the discussion process than through the cutting someone off process, IMO.
NOT if he lies, which he has, and NOT if he has deceived investors. I believe telling us we were STILL on track for the $75MM in revenues after the big mess up with Logicorp was deception. Also continuing to tell us that dividends were going to be distributed in DFTS before 05 ended was deceptive, as was the run around about the AMEX listing and the run around about BBOTC market dynamics being the cause of shareprice depreciation when he knew all the while our OS share count was increasing EVERY month. Now whether it is intentional or not is every shareholders question. I will still give PV the benefit of the doubt.
I also consider not telling us in detail the conditions of any and every loan deceptive. But I will quit listing the reasons why I think you are wrong in thinking this is a case of slander because there are numerous issues that can show that what Charleoi says has substantial reasoning and is NOT SLANDER. Phil needs to clean up his act if, for nothing else, to defend his good name, because before too long, his name will not be able to stand on a good reputation of integrity any more. One can stand on PAST INTEGRITY for just so long before they ruin that reputation.
I have not yet found a stock in which I did not see some areas of concern for how the managemant was running the company. I think these are EXTREMELY RARE and an investor would be extremely lucky to find one.
The company that would come closest for me would be BRVO. My concern there is only that maybe their product will not be accepted in a big enough way to make the company a big winner.
That is fine, but I will always post in defense of banning someone like Charleoi until there is actual proof that they are committing libel against Phil. Phil is the CEO and in being in that position he has put himself up to be questioned and called to task when he does not complete the committments or inuendos he makes to shareholders. If Charleoi is taking that lack of task completion and employing such examples to show Phil said this and that, and Phil has not done this, and Phil has restated it as such, and I consider this a lie and deception, it is certainly within Charleoi's tight to present that, and it is within other shareholders' rights to have a forum to hear such challenges to Phil's integrity, which, BTW Phil brings on himself by not holding up to his word. If someone does NOT hold up to their word, and then repeats this lack of holding their word - wake up - they are a lier. I'm sorry if you cannot stand to hear that because you want to believe whole-heartedly in the NMKT plan, but that is the definition of a lie - not keeping your word. AND when you do not keep your word - YOU DECEIVE. So far, the one that has not proven anything, is Phil. Charlieo has the more substantive leg to stand on here, and Phil just keeps providing Charleoi with more ammunition almost every time Phil gives an update to what he plans to accomplish at NMKT.
I agree Charleoi/Tsheri needs to limit the repetitiveness of posts but he is trying to get some of us to pay attention to how consistently Phil does not live up to the committments/inuendos Phil makes with regard to company performance. On top of that, he is trying to get us to wake up to the fact that in a large part, Phil does not and has not disclosed much of what he is doing with our invested monies. I know you hate to hear that, but what Charleoi has presented, is actually true. Can YOU find the disclosure of where all the new shares are ACTUALLY coming from? Can YOU find the disclosure of exactly how all the debt is set up with the specific conditions for conversions, pay-off, default possibilities? If Charleio is slandering Phil, well at this point in time, Charleoi has a stronger case than Phil, and I believe that the slander must be proven before access to such accusations are voided from other shareholders to be able to have access to such concerns.
You post "Phil missed some benchmarks, but the accusation leveled against him by tsheri/charleoi are unfair and slanderous."
How can you say that when more than 50% of the benchmarks Phil has set for us, have NOT BEEN MET? This is just the kind of record that I believe DEMANDS that Phil better start proving his innocence because he seems to just continue to present more and more evidence of proof of the validity of the negative accusations as of late. Charleoi always points to filings and issues that are not disclosed, and I haredly ever see a shareholder that is able to find such disclosure - sounds like about as much proof as you can get for something that DOES NOT EXIST. How much more can Charleoi prove when the disclosure is absent? The only proof that can be offered is the counter argument by Phil to DISPROOVE the accusations by elaborating where the disclosure DOES IN FACT EXIST. So far, Phil has not been able to do that, so it appears more likely that Charleoi is the one presenting the more accurate picture here.
I never said I was moving on, I said I was selling and waiting and watching for another opportune time for another good entry. I just LOVE the volatiity - that is where I make my money until it decides to have an extended move upward. I do not think that will happen until Phil keeps his word. With that, I will be reading all the posts, both positive and negative, and posting my responses, and my thoughts as I make my decisions. I THINK NMKT MAY be a GREAT investment, if and when Phil is made to make things more clear and to keep his word more. So, I am not about to go anywhere. I have a lot riding on this investment, and I want my profits.
IHUB also needs a moderator that has the guts to keep people who only want to see positives posted on the company so they can get more people on board their ship without full information from berating someone off the board because they happen to see things that point in a very negative direction. We have a right to BOTH sides, and a CEO not keeping his word has a HUGE impact on an investment.
You post "This forum should be to discuss
the pros and cons of nmkt. But it should not tolerate SLANDER..."
I believe that the integrity of the CEO and other board members of the company, and whether or not they keep their promises or even just inuendos that they make publicly, IS discussing the pros and cons of NMKT. At least some of them, certainly not all of them. And again, I do not see evidence of slander being proven as of yet. Phil does NOT disclose the items that would be necessary to prove that slander is occurring. AND THAT is what concerns me here - not Charleoi's posts, but Phil's lack of ability, even lack of desire, to show that Charleoi is wrong or inaccurate. That makes me kind of think that Charleoi is the one presenting the more accurate picture here at times. I try to think differently and find information that assures me, and read what few posts that are available that substantively contradict Charleoi's positions, and when I do, I post such positive thoughts.
But the lack of ample contradicting evidence and unwillingness of Phil to address such does make me wonder.
I am concerned, and getting more and more concerned. That is why I am taking Augie's suggestion to heart and have placed a sell order to take some profits off the table until they settle a couple of things. Once those shares sell, I will sit back and watch to see when they put out some REAL answers to these concerns, and when I see that they are REALLY working on reducing the fully diluted issued and outstanding rather than just telling us they are planning on taking care of it.
Too much risk for me at this point in time.
And I appreciate access to a full encompassing discussion that allows me to fully evaluate those risks rather than just a bunch of hopes posted over and over. Hopes and potential don't cause share price appreciation as rapidly as actual results do. I'm waiting again to see actual RESULTS. When I buy NMKT in this way I tend to make money on my NMKT shares, instead of losing money on my NMKT shares. Charleoi and the likes have helped me a lot, just as MY02, Augie, Sandbath, Scovillez, and several other posters on the positive side have helped. Raging Bull gives me all the hopeful ideology in the company, and this board gives me a more down to earth timeframe for the positives, and keeps me abreast of what to watch out for on the negative side. At least for the time being, it does. No telling what tomorrow will bring.
Of course, when comparing the two boards, I think this board is much more helpful in making sound investment decisions and increasing the size of my brokerage accounts.
A GREAT group of people here when they don't start slinging mud in the sand box.
"What about an alignment of market cap? (The most important!)"
That addition of another 10MM shares to our OS count to bring it up to 138MM shares helped align that market cap a bit.
What IF Phil is intentionally deceiving investors? It has been done MANY times before by many other CEO's. Look at the court files where CEO's are being brought up on charges. Now, all those shareholders believed what those CEO's were telling them also, until the proof hit them hard in the pocket books with minimal to zero left in their accounts. So, playing devil's advocate, let's say Phil is misleading us - what proof do you present to demonstrate that he is actually carrying through on the MAJOR majority of his promises. Charleoi provides his evidence to present his case of conerns, and some (very few), shareholders present their evidence to the contrary which shows Phil is to be trusted. However, what I see most is:
A statement that the company would make $75MM in revenues last year and they only made something like $51MM,
No detailed explanations of our debt, and the conditions under which that debt is being held
No detailed explanations of the AR's - we shareholders are left to guess and hope that the guess that has the most positive spin on it in regard to Phil's integrity is the most correct spin,
3 dividends that were promised that have not been delivered or even explained about where the company is in the process of being delivered,
No forms filed showing company buy-back, or even Executive buy os shares, when this was promised over two months ago to prop up the stock price
No layout of how they are going to decrease the fully diluted OS as they had promised by the 05 10K, but our OS has now increased to a whopping 138MM shares.
No explanation of how the convertibles that are a huge overhang from previous deals are being handled
No detail of where all this increase in OS is coming from - no forms filed to let us know. Are they debt conversion, payments for services, conversion of convertibles????? Us shareholders with money on the line here are getting no information regarding this and it is absolutely KILLLING our share price.
A promise to be on a different exchange almost a year ago,
No detailed layout of what each subsidiary is achieving with specific financials so that we have some idea of how those acquisitions are doing
And the list can go on for at least five more issues at hand that we are not getting direct feedback as to how it is affecting our invested money. Charleoi is well adept at elaborating on such.
So, now, there is a possibility; A more than average POSSIBILITY that Phil is deceiving us. And there are many other things on which he only told us half truths. So, Charleoi may, in fact, be presenting more truth than positive shareholders like you want to hear, but it is not able to be disproved because Phil is not willing to be brought to addressing such. So, your anser is to shut Charleoi up and ban him so that other shareholders who buy in do not have the full information about the risk they are putting their money at. That's right, hide what some see as the truth, refuse to be required to disprove it, but just shove it under the rug so that we can all be in the same boat whether it sinks or floats, at least we'll be here telling each other it is a great plan because, by George, we are certainly no going to peek at the possible risks. That is not real smart, IMO. Raging bull has alread banned the most negative posters. If you want a board that will tolerate only a minimal bit of questioning the running of this company, RB does you a great service already. Aren't shareholders allowed to find a board somewhere that will really contemplate the other side?
I don't care if you want me to help out as a moderator, but regardless of me helping the board by trying to organize the information in the iBox so it is helpful, and keeping the discussion from becoming continual pile-ons of insults that give noone information and only a few pleasure to read,
I have A RIGHT TO HEAR WHAT OTHERS SEE PUTTING MY INVESTED MONEY AT RISK. And you do not have a right to keep me from getting that information. This board may stop the access, and I guess people who are concerned about both sides of their investment - potential and risks - will just have to go somewhere else to discuss the risks, if the positives on the board here chose to stick there heads that deep into the sand.
I do not want to behave that foolishly with my invested money. So you just let us know what your decisions are. You can behave like total ostriches and ban our discussion of real concerns, or you can just ignore those discussions that you do not like to read and participate with a full, all encompassing board. As always, it is the board members' call. I am one board member that wants to see Charleoi's, and any other negative posters', positions and would love to see the responses that the positive posters have to refute such claims, if they are confident enough in the investment to participate. If you positive posters lack such confidence - ban people who see things differently from your discussions, it does not change that many people see such risks and will be less willing to support your share price until those concerns are addressed by the company. All you have to do is look at the chart and know that they DO exist, no matter how blindfolded you keep your eyes.
That was established LONG ago in his posts.
I have not seen ample evidence of that yet.
I have seen a bit of evidence that may elaborate on what Charleoi may attain from his agenda that is in addition to his stated input to "help us longs avoid being scammed by the company". I am convinced that there is more to this because he is oviously tied to NMKT in particular for some reason - assignment, access to information on NMKT, associates, .....something. I know this because, IF Charleoi were here to just help someone with avoiding being scammed by a company due to his misfortune with some company a few years ago, he would be willing to help someone with avoiding such in ANY company. I PMd Charleoi regarding another company that I did not trust the way they were handling their books, and Charleoi has not made any effort at helping me there. So, I deduct from that inaction, that he is willing to "provide assistance with NMKT", NMKT IN PARTICULAR, only because he has some tie to NMKT. The best I can tell, the most likely tie has to do with access to information on the financial deals NMKT makes and the final plans regarding the conclusion of those deals. Plans set in motion by the parties with whom NMKT makes said deals. Because of that access, he knows when a good time to go short is, AND HE TELLS US.
Now, an astute investor/trader would use such information to their advantage.
And I do believe that because he knows what NMKT has agreed to in their deals, he will also know if/when NMKT gets out from under the said parties' thumbs, and when this company will take off. I believe he knows what PV has done to thwart this parties' manipulations and dislikes PV for such creative maneuvering - after all this party and their success is Charleoi's best inroad to profits in his pockets, not NMKT's success. The more he can convince shareholders to hold PV back from said maneuverings, the longer the parties to which Charleoi is tied will be able to profit. This does not mean in any way that what Charleoi posts is invalid, it just means someone out there is sly enough to use such information to their advantage, and Phil continues to provide ample opportunities. We would be wise to stay alert to what these maneuverings are, and alert of how far PV will take things with us along for the ride because many, MANY times shareholders will be the very first to get thrown into the mud. The problem for us is, PV is, for some reason stuck in a battle with these parties and he keeps us in this battle, for some reason. I think right now, that reason is that NMKT is still struggling much more than they want to tell us. Charleoi will tell us, though. Why not use that information to stay alert to the pitfalls?
I have not seen evidence brought forth to refute much of what Charleoi posts and prove that it is not actually the case. My02cents does a pretty good job refuting some of what Charleoi says from time to time, but others seem to be at a loss and frequently just fall back on snide insults rather than discussion as to why the information posted by Charleoi is or is not accurate. To me, I feel more the fool by not heeding Charleoi's warnings every time I see the OS count increase by millions, or I see Phil backing down on another timeframe or statment that he has made.
You say I am a fool for thinking Charleoi has some valid points.
He says I am a fool for listening to you people who are positive on this company.
I myself, would consider it quite foolish for someone to refuse to listen to a party that had information that elaborated on what others see as possible points of attack, providing them an advantage to tearing down the strengths in which I am invested. In reality, none of us have any place thinking someone a fool, but rather, we should be wary of foolish acts and decisions, one of them being ignoring information.
I observe, read and ponder who of the posters appear to be well-informed and presenting accurate information regarding the situations at hand. I also remain wary of the risks associated with those who do not present their case in a way that convinces me that they have a full picture of the potential and risks of investing in this company.
I do not believe Phil is a lier (well, I am starting to question this one) or crook, but he sure does not seem to mind providing Charleoi with ample evidence to make me keep those possibilities parked in the back of my mind.
You call me a fool for looking at the entire picture, so be it. I think quite the opposite.
Look where it leads, not discussion of the company. It leads from one insult, to another, followed by another, until it is established that only a fool would put any stock in what the picked-on poster is saying.
I do believe that Charleoi contributes quite a bit. I am not convinced his agenda is just, I believe he has a bit to profit from his agenda, just a longs do from their support of the company. But, I believe he posts like longs do, his reason why he feels the short position is the more profitable position to take in this company. It is quite obviously prejudiced, as are almost all the longs and their positive posts. That is not the basis of whether or not someone is providing convincing evidence of why they think a position in the company should be short or long.
Back when Charleoi was posting questions for the CC (I beleive it was the one before this last one), I suggested he tone his attitude down toward Phil when phrasing the questions so that things could be approached in a more productive manner.
Regardless, we are asked to not call each other names on these boards because that does not get us very far in getting REAL answers to our concerns, and sidetracks conversations into nonproductive mud-slinging contests.
However, you are correct that I should not have addressed that post so much to you but more to Tarantula because he was the poster who initiated the negativity toward another poster. Direct negativity towards other posters is different from being negative toward the company or the people making decisions about how the company is run. I do not believe IHUB has rules against countering what other posters are posting, even if you are quite negative in the manner in which you present your counter argument, but they do have rules against directly attacking another poster. That just wastes everybody's time and avoids the real issues that affect our investment. That is the rule I am trying to support with my comment to you and tarantula.
No problem with tarantula posting "Shall I forward you all the necessary info so that you can finally file suit? We are all anxious for you to file. Let me guess, you are going to continue to pontificate without ONE bit of action." But once it goes into personal insults that have absolutely nothing to do with how the poster views the company, really, what does that provide for us and our investment? That is where it needs to stop.
I agree, I am a bit confused about what actual plan PV is getting ready to implement. Like many of the things Phil tells us he is going to do, the plan "evolves" a bit two, three or more times before Phil actually puts the plan into action. With each evolution, the time frame is extened out more and more. This makes it rather difficult for us retail shareholders to responsibly plan our investment strategy and goals.
This is probably one of the most upsetting things about investing in NMKT for me.
Socal, please refrain from blatant direct personal attacks and insults that are just intended to harass others and inhibit them from posting.
We want everyone to post what they are seeing in this company and just because he sees it differently, it does not change what he might be showing us other shareholders who might be wearing blinders.
Thanks for the input. Sounds good.
WOW!!! WHAT A BEAUTY OF A CHART!!! So easy to read, also.
Stock Analyzer has been a very welcome contributor to our TA looks into charts on this board. Nice to have another chartist piping in for extensions of the discussions.
I follow your discussions a bit on BB's board from time to time. You and SA seem to help BB out a lot when people need charts on their stocks. Thanks for the great work you two.
Hsssssssssssssssssssssssss!!!!!
I do appreciate the heads up you guys offer on the operation (or should I say, non-operation) of the company.
Just keep goading, I hope you are enjoying it, at least.
"both had the kind of year that makes you want to start saving your money under a mattress."
LOL. You got that right!!!!!
If there is a similar week in store for Virtra - I would love it. Has been nice in NMKT, after two VERY TRYING years.
I think NMKT has a whole lot of potential, IF THEY GET THE EXCESSIVE SHARE-PRINTING MACHING STOPPED. That is my concern, and I think it could hold the rallies down. We'll see.
KP;
You posted:
"Frankly surprised you are still holding as your post indicated this was a short term trade and that you didn't expect to be in this one for more than a month or so?
Have you thought about averaging down and adding here under a dime? I know it might be lame with the delay of the 10K and the pending proxy"
Yes, I was only planning on being here for a month or so. However, the company did not come through as some of us thought they were getting ready to - so now I am another member of the VTSI stuckholders team - aren't you all glad to welcome me aboard? ;.(
No, I have no plans of averaging down until I see something worth averaging down for. So far, I have seen nothing but nonperformance. I worry about the "not right" factor you refer to. the 10K was quite a disappointment!
You post;
"Glad to see you are patient as there appears to be much down side pressure"
I am starting to become impatient, but I do NOT want to sell at the bottom and, from viewing the total negativity on this board, I'm kind of thinking that this can't get too much more negative and probably all the sellers have sold. Of course, the only big concern left that leaves us in for a loss of the remainder of our investment is BK, and I do not think they are at that point yet.
You post;
"While there are a few here that IMO derive pleasure from others losses I don't think anyone intended to slam you or your decision to take a position here. I am somewhat confident that you will make some good coin on this one assuming the company can pull the hat trick but I understand your worry (as am I <gg>)"
Thanks for tempering the meanness from the other posts, but this was a bad investment and I can only hope that I can minimize my losses. I'm not one to mislead myself with all kinds of positive statements about a company when it is obviously not performing in a manner to cause shareprice appreciation.
BTW, what in the world does <g> mean? and <gg>? Giggles or something? I see it a whole lot and I cannot figure out what people are saying.
Also, How do you get your quotations to come up in italics and bold. I really like that feature rather than using the "you posted" and the quotation marks.
You posted:
"Somewhat glad to see you are still on board"
Thanks, probably here for a little while longer - we'll see. I think I'll wait out the Q1 10Q.
"Like Barnabus I think "pumpers" do a real dis-service when gullible people take that *enthusiasm* as due diligence."
That is exactly how I feel. I think if anything, message boards should post the concerns that shareholders have about a company so that newbies will be led in their DD. But I do not think only positives should be posted - such practice is very misleading to fellow comrad investors, and the company does all it can to make sure that positives are easily found, and the negatives have to be searched long and hard for.
Don't get me wrong, I think positives should be posted, and such helps to let others see what you are seeing as to why the investment/trade might be a money-making venture, but I think you hurt others if you do not also post how possible hurdles can impede that move to profits. I like to visit message boards that have the personality of the intent is to HELP EACH OTHER MAKE MONEY by staying alert to money-making potentials AND money-losing risks. I do NOT like boards that are focused on being pure cheerleading squads - very dangerous, IMO.
East,
The answer to your question is that even though it says a 20d MA, it really correlates to the PERIOD that you have your chart set up for. So, If you are looking at a DAILY chart (period is DAILY), it is a 20 DAY moving average. However, if you are looking at a MONTHLY chart (period of the chart is MONTHLY) the 20d MA is actuallly a 20 MONTH moving average, not a 20 DAY MA.
Weird, I know, but something I learned from an expert years ago.
Yes, I know the MAs have changed
SMA 50 now stands at .35
SMA 20 at .42
and SMA 200 at .37
That still does not change the fact that I was obviously wrong with my prediction of a kiss on .39 and move upward after that.
I will work on getting the daily chart updated.
When I make my predictions, I always use up-to-the-minute charts. I just need to learn to adjust for and anticipate the ongoing dynamic changes in the charts. But then again, that becomes a bit like looking into a crystal ball, doesn't it?
Well, today shoots holes in my theory of us "KISSING" .39 before we move back up.
From the looks of that last post, it looks like you guys are talking about me. Sorry that it seemed like a pump to you when I posted my buy, but I was just letting a friend know (another very infrequent poster on this message board) that I had bought in. And then, the poster LEARNED decided to post a few postitve replies to my post.
But no, I am not pumping this stock. Actually, I am starting to get a bit impatient and WORRIED.
I'd appreciate you not rubbing the losses in too deep. I hope you guys don't derive all your pleaures from other peoples' losses or troubles.
Charleoi,
I have a few thoughts.
1) you post: "how did Phil pay employees/contractors during that time?"
I would guess, they probably were paid with these shares that you keep pointing out that Phil has used to pay people with that we are unaware of. So maybe the large part of shares being issued as of late is NOT actually going to related persons. Paying these employees/contractors with shares would be understandable then, and in my view, would settle our minds a little. However, I would like Phil to lay out that he used x many shares to pay for the services of so and so during the period of such and such. That would be my ONLY complaint. I can accept a fledgling company using its shares to pay people while they get the approval of the quality of their contract performance for payment later.
2) "the magnitude of this issue is far greater than anything going on in Latin America. Do the math, if NMKT had "normal" DSO of 30 or 40 days, that means AR of $7million, not $15million (nor the $20million last quarter)."
BUT, as you have pointed out, NMKT does NOT have "normal" DSO of 30 to 40 days due to these contract payment arrangements, so wouldn't a DSO of 60 to 70 days correlate to an AR of $14MM or $15MM, and as that increase to 90 to 100 DSO, AR would progress upward to about $21MM and then......
THE MAGIC NUMBER of DSO of 120 days that you keep pointing out would correlate to an AR of about $28MM, Correct???? If you do direct extrapolation of the basic numbers.
Well, their DSO was 90 days and their AR are $15MM as of Q4 2005. This looks like they are keeping pace rather nicely, using our shares as another form of currency to help get the company going, which IS why a company offers stock on the open market and people invest in a company stock, is it not?
However, I probably do not understand this in any way that you are trying to lay it out for us. But, for a novice, this is one reasonable, perfectly legit explanation for this issue of some concern.
Can we not breathe easier about this issue now?
Please be sure to let us know what their response is.
Yes I am, I just didn't want to pump it on here. Looking nice today but EXTREMELY HIGH risk.
I have never looked at MZT, but that looks like that was one you said, OHHHHHHHHHHH, when it went, LOL.
I'm with you on that one, except, I'm still waiting for my other stock to move enough that I would be willing ot sell it.
So, I guess I'm OK with waiting for it for a little longer.
I certainly would call that fair.
I want every one to post all sides that they see, just do not tell others not to post their views or concerns. Debate them, prove them wrong, show what VALID proof that you may have that they are likely manipulating, but do not tell them to NOT post, and do not cuss or out right demean/insult others.
Some goading can be fun; with those with whom you have an acceptable rapport, OK, but careful, if someone is insulted, it is best to be contrite and back off the personal insults. We want to all remain friends here and be helpful to each other.
That is how I would like to see this board operate, and is why I do not intend to delete many posts other than:
1) spamming of other stocks with obviously no interest in this board and its members,
2) repeat posts, or
3) disregard for the no-cussing expectations.
Sure, comrad. I love friends ;>).
Happydog,
Did you read the entire link in the last post?
It was all in SUPPORT of YOUR view, (the other side), and sort of condemning mine a bit. Please read it and understand I was trying to show that I was seeing the points you were making.
Sorry to imply that, I'm sure deception is not your intention.
I, on the other hand, get upset when I read meassage boards that only tout a stock and posters get upset when someone posts what they see as downfalls. I feel like SOME, not all, of those other posters want to inhibit me from being given the full picture of the company so I, and others, will continue to buy, blind of the risks, so the stock price will be supported.
You posted: "if a person is so uncomfortable with this stock, he should sell or get in touch with the company and get answers to his complaints"
The problem with this is, I USED TO DO THIS, but I consistently only got the positive side of the picture from the company/IR firm , and often I was given totally erroneous information (not talking about NMKT here). I learned the hard way to NOT believe completely what the company is telling me. Understand that it is the slant that the comapny wants me to hear so that I will buy more, regardless of what they have in store that will affect the share price.
"One poster I think suggested that everybody should post complaints on the board."
That would be me. I don't suggest ONLY posting negatives, post positives also. I just feel that, when the company gets a chance to peek at the boards, (not read them constantly), or hear from other shareholders/potential shareholders who read them, they get a good measure of what the sentiment is of a certain segment of shareholders. Now, this does not necessarily reflect the sentiment of a majority of shareholders, but it is one glimpse into one sector of the sentiment of people who are buying or selling their stock.
I think this is productive information for the company to have.
The other side - just as important to read to make a well rounded decision.
http://ragingbull.lycos.com/mboard/boards.cgi?board=NMKT&read=76440
Breaks are good.
Just don't stay away too long, :>).
Happydog,
I come to message boards to find out what other investors are aware of that a company is doing that I am not aware of. To give me leads, so to speak. To help each other out with accurately evaluating the potential risks and possible rewards.
Now, companies are more than willing to fully publish all the positives, and shareholders can get all the positive feedback they could possibly want by just calling the company or their IR firm - easily available. Even when there are negatives, companies tend to spin such negatives to appear positive, that's only good salesmanship. I expect that.
What companies do NOT do is tell the public very much about the problems and challenges, and hidden risks they are facing - the negatives. The ONLY way shareholders can find these is to help each other with what they are finding to be causing hurdles to the appreciation of their investment. This is where a message board, that is informative and open, can become beneficial. I do not ever come to a message board to get someone to get me to buy the stock - the company does that already. I come to find out about the things that the company does not really want us to focus on, so that I can appropriately weigh the RISKS. If everybody on the board feels that they have to make sure that the majority of posts need to highlight positives, then you are saying, as shareholders, our duty is to go out and perpetuate the sales job of the company, regardless of the fact that it has not performed. In essence, deceive more people into believing this is great when we all have either lost money or sat here with dead money, unless we traded it. When the company stock is obviously not performing (all one has to do is look at the chart), I feel you are asking me to be in cahoots to convince more people to buy the same stock that has only kept me in dead money so that MY share price can be supported. I feel that is just WRONG, deceptive to my advantage, and doing a grave disservice to another person whom I would hate to see in a similar situation of losing money, if not on the stock itself, but on lost opportunity costs.
The COMPANY has to perform in a transparent and trustworthy manner to get new shareholders and stock price appreciation. If it performs AND IS TRUSTWORTHY, my posts regarding concerns can do absolutely NOTHING to hold the stock price down or keep people from buying it. Only when it shows itself to have questionable trust and integrity issues can negative posts possibly deter potential shareholders.
Solution to the problem: - The COMPANY NEEDS TO WORK DILIGENTLY AT SOLVING THE ISSUES AT HAND THAT PUT THEIR CREDIBILITY AND TRUSTWORTHYNESS IN QUESTION. The solution is not for me to talk it up more so that I just have more comards sitting in this frustrating position to keep me company, posting to each other about how great we think this company SHOULD BE DOING from what all it TELLS US it has in the works. Negative posts are not holding the share price down; the company and its lack of progress on goals, and subsequent noncommunication, is what is holding the price down.
I believe the only caring thing for me to do for another person looking at putting money here, is to make sure they see some of the potential hurdles we have been facing so that, SHOULD THEY DECIDE TO INVEST HERE, they are aware and ready for a possible stagnant position until those hurdles are cleared. And, so that they can steady themselves for the possibility of losses. I would HATE to see some other person lose a substantial amount of money in this stock because I was wanting to make sure they saw more of the positives about the company than the negatives so that my share price would be supported.
Heck, I decided to buy it, so I better keep convincing others to buy it to prove that my buy was a good decision??????
This is not treating others in a caring, respectful manner.
Negative posts pose the concerns. Potential buyers have to weigh how significant the concerns are, and whether they think their money is at risk or not. They will be the ones to decide whether or not they think this will bring TREMENDOUS RETURNS OR NOT, once the hurdles are cleared. Heck, by laying out the hurdles, it gives them enough information about the problems that they may even decide to buy because, to them, they might not think those are issues that will continue to hold the company back. They may decide that they believe they are buying a gem that is beaten down due to everyone else worrying over issues that they believe not to be that big of a deal. BUT, I/other negative posters assist them on becoming as fully informed about the company as possible. This is how I would like to be treated and how I feel I should treat others. I don't want to be duped into buying into something just because all the people who have bought want to keep the problems hush hush so I do not dare read about them, and then I just keep wondering with all the rest why the heck our invested money keeps depreciating month after month instead of growing in value because all we have ever looked at was the positives and refused to look into any of the negatives.
This is where I think we can be of assistance to each other. This is where you find the beaten down, underpriced stock that is so undervalued due to public concerns that, once the public gets its answers to the things we keep posting about, the stock will SOAR to its appropriate valuation.
The shareholders who bought down here, who evaluated the risks, the negatives posed, and decided those risks were worth taking, during all the confusion and bellyaching, may have a chance at a HUGE profit.
That is why I bought.
That does not alter the need for prudent investors/traders to keep evaluating where those risks are sitting and whether or not the company is doing things to clear those hurdles that are keeping our huge profits from us.
Well, that is my 50 cents worth and why I post negatives when I own the stock. I do not post to boost my investment.
I post to share assistance with other comrads in the investment game.
Then we all have to make our own decisions.
We then stay connected, if we like, to give kudos to those who get it profitable, and help each other figure out how to minimize losses. You know, support each other. That is what a team is all about, IMHO.
I got it, Duh!!!
I was so busy rushing around trying to get going that I was not turning my brain on. I was thinking you were talking about testing the 50 day low. Where that came from, I don't know, but now that I see it, OF COURSE, you are talking about the 50dMA, LOL.
I had been watching BWNG, I better start paying attention again.
I don't see anything to react to, sounded just fine to me, but OK.
Now, this "50 day retest" is a term I have not run into before. Can you fill me in on what you are following/seeing?
I'll have to respond tomorrow, but thanks for the info ahead of time. Gotta go.
OK, I understand where you are coming from.
Firecracker has made his points, now, let's see what we get from the company from this point on.
FWIW, I sure hope Firecracker's dreams of beginning to sell NMKT at $2 at the end of 06 can become a reality. I would like that also :>).
OH, I see what you are thinking. It might help a bit, but I still think he and others need to buy shares in the open market like he told us he would be doing over a month ago.
What has you concerned about him owning too many shares? I thought it was a good thing for the directors to be fairly heavily invested in a company. I thought it indicated some level of support and security.