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If the company does not get feedback about how frustrated shraholders are, how are they ever supposed to measure the sentiment that is affecting the share price? People who post about what they like and dislike about how the company is performing are giving NMKT company a peek into the entire market sentiment. Granted, it may not be totally accurate, but it is one peek that I think the management would do well to have some insight into. They also get feedback from e-mails, and phone calls, but these often take up wayyyy too much time, keeping the management from getting other, more productive things accomplished. A message board that posts all the likes, hopes, and frustrations, and how intense those sentiments are, IMO, helps the company get an idea of why they can or cannot sell their stock to the retail markets.
I happen to think this has some measure of importance, so why tell people to quit telling the company how they feel? Probably because you do not think it has any significance. Who's to say which is the accurate thought process? My02 has posted before that he thinks the company should ignore us. I think that would be a BIG mistake, unless they were actually meeting ALL their goals and performing quite well, then shareholders would buy regardless, just on the performance. But this is not the case, and I do not believe it will be the case for quite some time. So, until then, I think they should get as many peeks as possible into as many different sentiments are out there in regards to investing in their company.
So, everybody, POST AWAY!
Tell this company what you think of what they are doing, and why you are buying or why you are selling. It MIGHT, just MIGHT, make some small difference in the timframe in which we reach or goal of delicious success. Success for the company AND THE SHAREHOLDERS, not just the company. At times I think that is all the company is thinking: Hell, we are successful, we don't care how hard we make it for that success to get to the point of causing some marked share price appreciation for our shareholders.
Debug,
I do not understand, How could that be enough?
I would fear that such a filing as that could be portrayed in extremely negative ways - ways I will not elaborate on because I have been negative enough as it is as of late. But I think doing that would backfire bigtime.
We are just extremely frustrated that PV does not have operational plans to take care of shareholder concerns
1) Excessive dilution
2) Excessive overhang from convertibles that adds to the dilutions we have to bear
3) AMEX (I don't care about this, but others do)
4) DFTS dividends (I don't care about this, but others do)
5) Other dividends (I may or may not care, depends on their worth, but I would rather my share price appreciate than get shares of other penny stock companies).
6) Insiders filing forms showing that they are actually buying shares of NMKT - (Which I think My02 is probably right, Phil probably has NO INTENTION of buying shares on the open market - he just told us that to make us think we had his support - I hate being duped).
Anyway, many of us were expecting some real information in the CC about how these issues were going to be SETTLED, and we just got more talk of plans to do something, sometime, in the next year - Ho Hum. Does not sit right.
Thus, the negativity on the board. People tend to get a bit irritated when they get a sinking feeling that they are being taken for a ride.
Yes, I did notice that and I was a bit surprised. I really expected weakness down to .39 to .41 and for a day or two longer. No telling what tomorrow will bring, but I hope you are correct and it takes this as strong support and we move back up.
After looking at the charts again, I'm gonna predict we still have weakness tomorrow, down to the SMA20.
And Eastunder, I definitely think the Golden Cross will be the start of a substanial sustained upward move.
Gap filled - that is the most important technical factor here today, IMO.
Well, I appreciate your heads ups you have given us, and I have learned a few things from you about some other items to look at in detail on the 10Qs and 10Ks of companies that I plan to actually invest in rather than trade.
I just really hope you are wrong about NMKT, cuz I kinda like its ideas and plans, if they would just DO SOME OF IT.
If they ever do provide just 75% of what you want brought out into the light and it checks out OK, will you change your tune and support our little fledgling company here?
LNUX, RBAK, ARBA, NTWK, NVAX, DCGN, HPQ, and LOW are the ones I own from time to time.
Sold my RBAK wayyyy too soon. It's killing me!!!
Also sold my LNUX too soon - to get back into NMKT, and it is starting to kill me more and more as it continues to go up, and NMKT loses ground, (as you can tell from my crabby attitude, LOL).
I think WOLV is going under. I'm only in it for the final deal that they make as they turn out the lights. Hope to make a double or triple on it and I'm out. I sure have been biting my fingernails on WOLV the last two months, LOL. Has required a tremendous amount of patience and perseverance to stay in it. Looking good today, though.
Posts like this one are the ones that make me so upset with NMKT shareholders that I want to SCREAM - PULL YOUR HEADS OUT!
http://ragingbull.lycos.com/mboard/boards.cgi?board=NMKT&read=76119
Now, how many people can honestly say that management has "done an excellent job meeting or exceeding their goals". Any shareholders that pay any attention to what is said by PV and what is done, have got to admit, this poster's head is somewhere where the lights are very dim, because he is not able to see the huge pink elephant sitting at the tip of his nose!
And some wonder why I get upset and start posting for fellow shareholders to wake up, open our eyes, and pull our heads out of the sand. We need to hold Phil's feet to the fire until he starts keeping his word, not giving him mindless passes like this shareholder would have us do.
Revenues mean absolutely NOTHING if we cannot see a clear trail of when they come in, where they come from, and what costs are eating away at them, and HOW MANY SHARES thay have to be spread over at any point in time.
We need to know our OS count, fully diluted share count, and any debts, (long and short term), and any services or products are being paid with shares or cash. AND ALL THE DETAILS surrounding those debts and payoff options, including convertable options. Tell us Phil.
Tell us Phil!
Tell us Phil!!!!!!!!!
What are you doing with our invested monies? Not what are you planning to do next month, but what are you doing now?
Can you be trusted Phil? Can you keep your word, even once?
"his other trademark is being aggressive and growing the business by leaps and bounds, in a profitable manner. That is awesome, and I guess in the end... that is what REALLY matters."
Sandbath,
I have to respectfully disagree with you here. What REALLY matters is whether the CEO can be trusted or not. If he keeps stating objectives and insinuating progress along certain timelines, but never comes close to meeting the timeframes, this puts EVERYTHING he says into a questionable light. When people are not forthcoming with developments and are not honest about what they expect to be able to accomplish, one has to start pondering whether or not they are being forthright and honest about ANYTHING they are telling you, including revenues, and profits and growth and deals. THAT IS THE REAL problem and what REALLY matters.
Investors begin to wonder if they are being taken in by a scam when PV is not on time on a continual basis. Now, even if he misses a projection by just two days - I question how much he might be misleading us. If he says it will happen by the 15th and it happens on the 17th, He did not keep his word, plain and simple.
So, I start to wonder, are these revenues real, are these profits real, or just some kind of accounting scheme? Like Sunbeam did years ago with their revenue stream and sales. Yes, they reported products were being shipped out in record numbers, but they were shipped to THEIR OWN WAREHOUSES, and HELD IN THOSE WAREHOUSES, not sold. Is Phil just a fast talking CEO doing something like this in the background?
THIS kind of mindset is what he gets started in potential investors' minds when he does not meet EVERY SINGLE projection he puts out, or at least come out and VERY DIRECTLY ADDRESS what in the world is going on in the progress of such a projection if it will not be met.
Phil gets upset because some question if he might be a dishonest scoundrel. Well, there is but one solution to that - TRANSPARENCY!!! If one does not wish to be thought of as a dishonest scoundrel, avoiding behaving in that manner at all costs.
This is why the posts that Tsheri/Even/ Charleoi have ANY RELEVANCE whatsoever, even though it is quite obvious that they are very heavily weighted to the side of being so negative that the poster could not see a spark of light if you shined a flashlight right into their eyes. But Phil provides volumes more material for Tsheri than he ever provides for us. All he gives us is words and the fact that his filings from last year, for the most part, stood up to the SEC investigation, but only AFTER the SEC requested some restatements.
Luckily the last 10K APPEARED to have growth written all over it, but do we REALLY know if that growth in revenues/profits is going to us shareholders and the company, or just being used to make more deals by giving our shares away to people for those deals, services, products? I certainly don;t know. It appears Phil is still going to be diluting my shares more and more and more. He SAID he would not - but what in the woreld does him saying soimething have to do with anything.
THIS IS WHAT REALLY MATTERS and is what THE REAL PROBLEM IS. To top it off, PV does not behave in a manner that tells me he is very anxious to solve this problem. He appears that he does not want to have to be held to his word. Maybe he has just worked with people that work in our government for way too long. It takes government institutions 10 times as long to get something done and it is almost always of sub-par quality.
If he would start keeping his word, IF HE CAN (I worry that all he tells us truly is just pipe dreams that he cannot ever accomplish, much less in any timeframe even close to those anticipated) and if he can accomplish some growth here that is not diluted with new shares and is WELL DOCUMENTED, then I think we could easily be a $2 stock, from what all he SAYS he is getting done.
As it stands now though, I am quickly losing faith again and thinking I better just be nimble with the trades.
Oh yeah, and PV will say the stock went down because of shorters, and "OTC BB market dynamics", and manipulation groups, so that he does not have to look in the miorror and see who is REALLY causing the share price to be an excellent money maker - IF YOU GO SHORT!
I have definitely considered it. Almost went with Scottrade last year. It sounds like Scottrade is pretty close to the top as far as comments I have heard from other traders/investors.
They all seem to have their own inherent problems, and I just do not have the time right now to mess with figuring out who's problems are the least of all evils and changing over all my accounts. If routing my own orders will not solve the problem, then I will likely head over to Scottrade when I get some free time.
I say it kisses .39 intraday, and then the move back up starts.
I hope this happens sometime this week and does not stagnate here for an extended time.
If my WOLV makes its move by then, I'm adding more at .39.
That is IF the crooked MM, UBS, will execute the order. The last three orders I have entered, (either above the ask for a buy or below the bid for a sell, all by .005 to .01) UBS MM has not executed. They say they don't have to on a BB stock even though I have placed them well into the bid/ask displayed. The brokers tell me I do not have the fill protections afforded me if it were trading on another listed exchange.
I hate UBS, but that is Schwab's MM. I have now decided my next project is to learn how to route my own orders.
If fellow posters recall, UBS was also one of the MMs that were not responding to Phil's requests to explain what they were doing to correct FTDs when he was giving them hell about Naked shorting. Quite interesting.
So, this is an example of one of the things a more respectable exchange might do for the stocks' shareholders/traders. I have extreme doubts that another listed exchange will make ANY difference in the price the shares trade at, but makes a bit of difference in how us shareholders can trade them.
It'll fill, IMO
You certainly are correct, it is very close to gambling.
However, there is a small percentage of people who know how to study the market dynamics, indicators and sentiments and take most of the risk out of it. At this point, it no longer depends on luck, like much of gambling does, and thus it no longer is gambling, (at least in my mind), but educated and very calculated decision making on how to make a profit and KEEP THAT PROFIT, protecting investment capital for the next money-making decision.
When these people study the available information and hone their skills, they can do quite well on very consistent basis. Often much MUCH better than the people who have the attitude that the only way to make money in the market is by long-term "investing". THAT "investing" attitude has gotten a whole lot of people's life savings taken away from them, just as the case can be made that many people lose a load by trading. A person has to decide what is the right approach for the situation you are in at the time, and for your personality type. (If I could whisper that word, I would.)
I find it quite interesting to watch those that know how to read market sentiment accurately make their decisions, and I appreciate when they share their thoughts, both when they are profitable and when they make mistakes. AND I would never berate them for their mistakes because above all, I prefer honesty about what you are doing, and admitting mistakes is one way of being honest. That would be like berating someone for having held Enron or Worldcom as an investment, it was a mistake and we all make them whether our selected technique is trading or investing.
My02,
Would you post your post #75543 from RB here. It is another one of your excellent posts. I would post a link to it, bit I think I may be out of line doing that since it is your material and you post here anyway.
Thank you for your hard work and a great job on helping us stay informed.
Chart:
http://stockcharts.com/h-sc/ui?s=NMKT&p=D&yr=0&mn=3&dy=0&id=p80030302664
I hope this works????
Well, CrowsDaddy, you posted: "KBlow who cares whether you bought, sold, held blah". I for one, care. Maybe the only one, but I like to see how other people are playing it.
He might do YOU a favor by not posting, but that does not mean everyone. Am I not allowed to read posts that give me the information that I find interesting and enjoyable?
Also it is expected that posters not take the comments to the level of cursing, it is so inappropriate and does not promote good board communications. Name calling and calling someone pathetic don't help much either. Please keep yourself in check the next time you decide you do not like what someone else has to say about the stock or company.
Great Job! Congrats on banking some profits and figuring out how to make your losses become profitable. I like seeing your reasoning about appropriate buy-in and sell points - all helpful information for those of us that want to get some idea of how people who are playing this profitably in short term moves are anticipating the market sentiments.
Thanks for the support.
I only got to listen to the first 10 to 15 minutes, which was just the overview and start of the financials, so I did not get to hear any of the really pertinent information. From the sound of other posters impressions, it sounds like it was a success and people ar pleased with what was said. I guess we will know tomorrow and over the next month as the company follows up on the issues.
Boy, from the confidence level here, I'm not so sure we will pull back that much more. If we do, well, I'm loading up my full position and waiting for the updates and Q1 10Q.
On the other hand, if we do not pull back, I am going to be so pleased to see this share price move to the $1 level and above. Either way, I see quite a bit of opportunity with much of the risk and negatives behind us. We still have quite a bit to overcome, but if Phil can keep this ship righted after this lengthy storm, I think she will sail a bit. Or at least, I hope she will.
Scov,
I do not mind at all - Anything to try and help others increase their profits. My attitude is that we are here to lend each other a hand in figuring out the best way to put our money to work for us. If that involves some nice tid bits of information on other stocks, (NOT SPAMMING), I love to see people sharing the leads that help them make money.
Also, some people seem to get worried about jumping in on a conversation that others are having. Heck, I welcome that on mine, so never feel like you are stepping on my toes if you want to jump in and fill me in on something. I always appreciate someone interjecting a piece of information, or correcting a piece of wrong information, in the middle of my conversations. Such input helps me and others understand better what we are talking about, and enhances the fullness of the conversation. Different views and perspectives widen the knowledge base from which we make our decisions. To me, that is what a quality message board is all about; comradery for everyone's benefit.
I always appreciate your input here.
The information on the CC is in the iBox for this message board. However, I do not believe it will be web cast. To the best of my understanding, it is just a phone-in CC.
Others will correct me if I am wrong.
I made arrangements for Rick to receive the questions.
Of course, if you have the time and want to copy those two messages that have the questions and e-mail them to him, that is the way he really prefers to receive them. Be my guest, and thanks for picking up the ball.
Did I re-word them in a satisfactory manner?
OK, the last questions. I gotta go.
Good luck all. Let's have an impressive show!!!!
And good luck Phil and Phil. Do us proud!
11. It has been brought to shareholders' attention that the $5million decrease in the AR balance appears (to at least one person) to have been achieved by netting with accrued expenses. Please explain how this was actually done. What actually occured to bring down our AR balance? Did we get a lump payment for a contract that we have been waiting for payment on, or were financials recorded in a different manner to help with the AR balance, or some other scenario?
The Dec 31 Accrued Expense balance went down $5million, the same amount as the AR balance.
12. Some shareholders are concerned that you are planning on giving us dividends that are achieved by diluting our primary holdings in NMKT. They would like you to lay out a plan by which; as you move to provide us with shares in the new start-up companies, you protect us from ANY dilution of our current holdings to achieve such a dividend. Is it possible for your business plan to work in this manner?
12a. Where will the shares come from for the spinoffs?
12b. Will there be an IPO?
12c. Who is going to pay to expand all these spinoffs?
13. You speak a lot about very NICE revenues over the next 12 months, but what are we going to see by way of profits and sequential increase in profits Quarter over Quarter?
On going list for CC this Thursday.
I will post a few more that have come up - IF I get the time - I have an appt for my kid pretty soon.
1. Why have we not seen Form 4's (Someone correct me if that is the wrong Form for such) being filed for shares being purchased by insiders?
2. Why have you not filed the Form 3 or 4 that would allow the stock holders to know exactly how many shares of common stock the insiders hold. That could be beneficial information for someone contemplating becoming a stock owner.
3. At what point will the company start paying all of its routine bills with company money, and stop paying its routine bills with shareholders' money/dilution?
During the 4th quarter, NMKT recorded CASH of $3,106,521, up $323,224 from the third quarter. Yet, in the 4th quarter, NMKT continued to pay for services by issuing 1.6M shares of common stock. When will this stop?
4. Why is AR still quite high? Taking it down from 120 to 90 is progress, but some shareholders would like to see more. Given that this relates to services, there's no way that NMKT can go without paying it's consultants/contractors for that long, while they wait for the AR payment...it does not add up.
5. In January, Phil made a big deal about the individual business plans. The most recent 10k was issued without any segment breakdown. Why the lack of transparency?
6. Why doesn't Phil include a footnote disclosure on the debt breakdown?
What are the terms of each long term debt issuance?
This relates to some sharholders' impressions that massive amounts of shares are being issued at a deep discount to retire debt that seems to appear out of nowhere. Some shareholders have the view that this is where 80% of your dilution is coming from.
This number excludes the 40million shares that Phil has control over from the VTI loan involving himself.
7. Would you provide us details of this VTI loan and the terms? What are you planning to do with this potential overhang that has some shareholders concerned?
6. DFTS dividend - how can you plan on issuing a dividend that's 9 months after the declaration date?
It seems a bit mysterious how it was tied it to the filing of the 10K. Can you please elaborate?
This has become a sore issue which some shareholders are quite anxious to have you communicate what you are going to do to address such.
8. Some shareholders have concerns about a very large number of shares being issued, that we are under the impression is to retire debt. Would you please tell us about all the debt, both long and short term, and how much more dilution we will have to endure as it is in the process of being retired. If not being retired, please refer to question #6.
9. Netsco has piqued some peoples' interest. Would you be able to provide some extensive disclosure regarding Netsco and RFID, and any future plans regarding this endeavor?
10. Q4 share dilution breakdown alerts some shareholders to the possibility that we are missing something by being focused only on the dilution from preferred shares:
Shares issued to retire debt: 6.5million
Shares issued for consulting services: 1.6million
Of the 30million share increase for 2005, it appears that only 3million relates to preferred shares and that 22million relates to converting debt and for consulting services. Please speak about this concern.
And now we have a new issue of preferred shares....Series I. So far, we have not found the disclosure statements relating to what these preferred shares are for. Can you elaborate, please.
This is the information we have been able to find:
Series I for Corsa Network Tech:
The Series I was talked about in the 3Q05 10-QSB, but was not listed in the Consolidated Statements of Stockholder's Equity.
Form 8-K Filing date: 7/5/2005
The purchase price for the assets was (i) $100,000 in cash; (ii) 1,400 shares of Series I 8% Cumulative Convertible Preferred Stock of NewMarket having a stated value of $1,000 per share; and (iii) 490 shares of Convertible Preferred Stock of the Xiptel, which shall (a) have a stated value and have such other economic terms as shall be mutually determined by the parties within 30 days of the closing date; (b) be issued, in equal installments over a 12 month period commencing with the closing and (c) be convertible into 4.9% of the issued and outstanding shares of common stock of Xiptel beginning on the first anniversary of the closing.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=3773202&Type=HTML
Thank you very much Sandbath.
I'll update the iBox tomorrow afternoon, busy tonight trying to get the questioins together for Lutz, since Augie has some other pressing issues that drew him away.
Please keep me posted on when you need to update it, and I'll just keep updating the numbers in the iBox.
Thanks,
I was hoping to make it a significant contribution to people who want to watch for week to week changes, upcoming events and updated developments within the company.
Glad you like it. If you have ANY suggestions, let me know and I will try to incorporate pertinent information as it comes available so it can be a board we can work from.
Also, any suggestions for what you like to see in charts, let me know. Stock Analyzer has agreed to try to change the charts per our requests into whatever we like to see: set-up, indicators, timeframes, etc. that the people on this board would like to have avaiable for our discussions.
Someone over on RB does a pretty continuous study of Money Flow and MACD, I believe it is. I would love to entice him to come over here from time to time and enlighten our message board with what he is seeing in our charts.
I have posted the most recent information and parts of the most recent press releasses in the iBox for easy reference. The information on times, numbers, etc. are up in the iBox.
I try to post anything new about the company in the box the day it is released, or at least within a few days of the release.
So check the box for the most recent information, PRs and links, and if you need one put up there, let me know.
I cannot for the life of me see where I "grouped the board again" in my post #4265. I was talking about yours and my discussion, and people who like details and those who don't.
As for the "types" that has you so upset, that was merely in response to you posting to me: "which just means we are different". Now, I'm not sure how else you expected me to read that but, when someone says they are different, that means to me we are different "types" of people in the way we approach an issue(s) we are discussing, that's all. That is where me calling us different "types" came in, no offense intended. And yes, there are basic personality "types" in this world regarding whether you are a left brain thinker, or a right brain thinker, and al that bla bla stuff. I was NOT trying to offend you, but rather let you see that us investors with approaches for details were just as excited to see share price appreciation as those who find such details irritating and cumbersome. But "my type" of people who like details still find a NEED to discuss the details and let the company know how we feel about those details. That is it.
I was not offended. I am not offended other than to the obvious.
You can keep trying if you like.
Or you can just accept that, if you care to let it happen, we COULD both enjoy each others' posts and communication with each other.
If not, I'll understand; feel a bit of remorse about it, but OK. I was hoping to connect with you sometime (like at Augie's place in Vegas after NMKT makes us rich) because it seems we have some things in common, other than our "types" of approaches to evaluating and investing in a stock/company.
East, you totally misunderstand the entire post.
I was not offended in the least bit! I'm not sure what has gotten you to become so upset to try to offend me by telling me to bite you, but I was just posting why we like details. Again, I'm sorry you dislike this enough to become abrasive when I was merely chatting with you.
I really like you and your posts. True, I do not know you, but I know things and approaches you have posted about, and I thought you were great, other than not liking to read us discussing the details. I was just interjecting some humor in with some delf-depricating remarks. I guess I should not have assumed you DID know how to have fun.
Much of the rest was merely to assure other longs that us detail-mongers really are not posting for some agenda, other than to see a company we all want to have faith in, appreciate in share price.
OK, Obvioualy, enough said.
Well, Eastunder, I do.
As you posted
"I focus on different things then you do, which just means we are different. I'm often not interested in the company as much as I am interested in the stock, because of what I feel."
We'll just have to agree to be different. I AM interested in the company AND the way the stock price moves.
The thing that bothers me is that those who do NOT care to look at these things about the company, as you state you feel it to be unbeneficial to you, are always telling the others who are pointing things out to just be quiet and quit posting. That limits poeple like me from being able to see and discuss those negatives that they are bringing up.
Just because some people are the kind of investors/traders that do not care to know details about the running of the company, including the negatives, I do not think they should get upset that the message board discusses such issues, and start posting that they want others to NOT respond to the posters that do like to discuss this information. That limits the use of the board for investor/traders that are long in the company, that fall into the "my types" that are interested in the details. My types of investors should be able to discuss all our angles also instead of being disrespected for our concerns, and be assigned automatic designations of "bashers", or told that we have an agenda of trying to manipulate the stock downward to our advantage against other long loyal investors. We just want to know ALL THE DETAILS surrounding the forces that impact our long-term investment.
Contrary to the "your types" of investor/traders assertions, we want the share price to move up for every long shareholder's benefit, not down for another 2-bit buy-in price. We also would like the share price to have a good chance at STAYING UP, rather than being sold into on every run so that we cannot maintain our gains.
So, we discuss what the heck is causing people to not have enough faith in the company to hold long-term instead of being forced into the swing trading patterns that we are forced into in order to ever keep any profits.
And the "your types" should just read by our posts, or ignore if you want. You can snicker at our pocket holders and short pants, if that makes you feel better, but we like to get into the details - it gives us as much pleasure as those other types who like to go out and just buy new outfits, or new fingernail designs, or WHATever to achieve their high from life.
Let's just agree to be DIFFERENT and appreciate each others interests, OK? That goes along with posting styles also. We do not have to like it, but it would be benificial if we could find some positive input from the sheer variety, for the sake of fun (I know you know what that is) rather than getting egos all caught up in the mix.
Augie,
Had car issues yesterday and I was out of pocket the entire day. I could only check on share price by phone, and I was certainly pleased!!!!
YES, finally a substantial move, boy do I like the way this is looking. Now, I have to figure out when to add the rest of my position. Do I wait for a pullback (which I think may not come for a bit) or bite the bullet and add at these prices much higher than when I was considering a few days ago. LOL, figures I'd fall for the hesitation trick, but I just did not feel comfortable with all those shares out there to still hit the market. I figured they'd flood against our share price until Thursday, so I thought there would be time. I was WRONG, but I am sure glad that I still have half my position.
Gotcha
You chart people who have popped in and posted charts and remarks the last few days;
It is greatly appreciated that you take the time to pop in and give us some chartists' feedback. Feel free to come visit our board whenever you have the time.
I will compile the questions, but I would need to fax them in and I'm not sure if the company is accepting them by fax.
Thanks Augie, Firecracker and Mr Tech,
After looking over your posts I am more confident that the company is actually closer to the point of getting this share thing under control than I thought when I looked at the 10K. I can handle 15MM more shares coming in, but I cannot be comfortable with 55MM more shares. I sold on the concern of the 55MM and when I saw the share price faltering, figuring that many other shares were going to draw this back down a bit, even thought the 10K looked pretty good. I have no visions of grandeur that my uneducated posts have ANY inkling of a chance of putting pressure on the share price, LOL. I am utterly surprised that you would even think such. I WISH I had that kind of influence, but not in the real world.
I was concerned that I was again experiencing another flood of shares from conversions into the market when the price met .40 and faltered - an overwhelming share flow that I just cannot win a fight against - so I sold half and held the rest in case I was wrong. I post on the board because I want the company to know what I am thinking when I make such a decision. NOTE: THE COMPANY, and any other shareholders that might be able to intelligently show me somethings that I might be overlooking, with substantiating PROOF. I will weigh it, but will NOT BELIEVE it totally until I see the unrefutable PROOF.
I view the message board as kind of a community here that are watching out for each other, (And my appologies to you East for offending you - I just get very frustrated with shareholders only posting positives so that other, less informed and less disciplined people are led into undue risk with their investment. By not also making sure negatives are brought up so that the more naive share buyers might be sure to weigh ALL SIDES of their coin tossing, I feel posters are just pullling people in that they should be warning first of the pitfalls).
I feel it is a disservice to others to not voice what is causing concern for you when you own the stock. That is akin to telling my 8 year old to go swim in a stream but not warn them to stay away from the drop-off edges and the rough waters near the middle. We are here to help each other see ALL aspects, positive and negative, not just to post how excited we are that we hope what the company "SAYS" will bring us all a bunch of loot real soon. And to have a few laughs, I hope. I think a bit of jousting and joking makes a board a bit of fun, as long as people don't get their egos too caught up in it.
I still need to hear from Phil what real assurances we have that that 40MM are not going to flood our market here, but I think he plans on getting them under control and us shareholders will not have to take the brundt of the hit.
I sold half my position because of that, and I will buy it back whenever I feel comfortable about how that is managed
Now, Mr. Tech, insinuating that I sell and then talk bad about the company is just totally off base. I talk the exact same way when I am holding my full position and actually, usually when I have sold out, I disappear and do not post again until I start holding shares again. I am too busy watching whatever other company I decided to put my money into to visit NMKT and the things that concern me about it until I own part of the company. I still read the board, may post a question or two if I'm contemplating jumping back in, but I do not get into the discussions too much. So Mr. Tech, you often do yourself a disservice to put off concerns of another shareholder as a manipulation technique. I cannot manipulate this with my opinions one little bit. What I can do is tell the company what I am concerned about so that they can see why people are getting scared and bailing. I am just a bit of uneducated perspective into the retail sentiment just like many other retail shareholders are. And we are the people they are selling many of their shares to, so it helps for them to understand what we are seeing, and what is scaring us. Sometimes, other, more informed investors on boards can straighten the confusion out, sometimes the talks with the company straightens things out, and sometimes the company has to bite the bullet and realize that shareholders expect some things to be handled differently if us retail shareholders are going to support the company in the way the company hopes that they will.
THAT is what the message board offers, IMHO.
If anyone is too offended by my blunt approach, please do not feel concern over having someone else be the moderator. Believe me, I do not get insulted by others' opinions. I'll try to keep things in line, but I do love to goad people on a bit, all in affectionate fun (and some frustrated concern for others not seeing the bullets coming at them). I also take note of different people's sensitivities and attempt to adjust my approach to them when necessary.
Nice perspective. Thanks for the input.
A much nicer note to go to sleep on. Good night.
(OT: Look at my LNUX. Damn, I wish I had not sold my LNUX so quick to buy back my NMKT shares. Now, maybe Mr. Tech Russ can understand some of my frustration. It hurts when you expect this company to finally move, and then watch one of the others you traded out for it move 10 times better than this one, LOL.)
OK now, don't get you knikkers in a wad here but aren't these "NEW SHARES"
"Most of the increase in the O/S for Q4 was the issuance of ~6.5M shares to reduce debt by a little over $1M."
Doesn't the word "issuance" mean issuing new shares?
If not, please enlighten me about the lingo here.
OK. I misunderstood what you were trying to get us to understand.
You posted that:
"The preferred shares issued by NMKT have lock-up periods after which they can convert to common shares and be immediately sold.
Restricted common shares are common shares which have their own holding period, usually a year, after which they can be sold."
I read that to mean that you thought we were dealing with two totally different issuing of shares:
1)Preferred from the deals that had lock-up periods and then can convert to be sold immediately
2)Restricted common shares with their one year restriction.
You say one can be sold immediately upon conversion (the ones from the deals of the past) and the other has to wait a year. So, it would follow that the ones that have the restriction are not the ones from the deals we have been talking about causing such an overhead for the stock to work against. But you said that the shares that increased the OS were likely from #2.
Now, since you state that they are not the preferred from the deals of the past that get converted for immediate selling, why am I erroneous in thinking you are saying that these are new shares being issued now? Either they came from the deals of old or they are new shares, right?
Somewhere we are missing each other here.
But go ahead and write it off as "my agenda". That always works for those who want to always think people are manipulating you, rather than just honestly trying to figure out if this will be a productive investment or not. I can understand that, because most of the time people are manipulating others in some way or other. I am manipulating you to try to find out as best as I can what the hell NMKT is doing to my investment, and whether they will stop enough for me to feel it is worth placing more trust in them now, or wait another month or six or a year, depending on when they allow for all those shares they deal with to get sold out from under my investment. You provide quite a bit of good information and thought patterns, when you forget to be paranoid, that I appreciate any insight you can give.
I understand none of us really know what they are doing or are planning to do with our shares, but a few good heads like yours will give us better odds of figuring it nearly correctly so that we will know how to play this game and not get taken for a downhill ride for too long.
So far though, the past two years we have missed the boat a bit about anticipating the negatives that the company brings to the table. I did OK by selling and avoiding NMKT for a while, but I have still jumped in at least three times now since then, and realized it was way too early and that it would be a waste of my investment monies and jumped back out until I hopefully see a more productive investment here in this company. I want to be a long that is helping them build a company all of us can make profits from, but man-o-man, do they make it difficult. Every time I buy in, within a few weeks, I start feeling like their patsy again.
NMKT please do some productive things to make me proud to stay.
I agree. That is exactly how I felt a month or two go when it was announced that they would start buying. However, I got a bit irritated again after waiting weeks on end for the Form 4s. I'm hoping that it has something to do with them not being allowed to buy within a certain time before good news or something.
When I see the Forms filed, I'm refilling my whole position, as long as dilution stays at the forefront of issues they have to tend to on a continual basis until it becomes very minimal. Otherwise, this will continue to remain just a swing trading vehicle reather than a serious respectable investment. It will remain a company that only deserves the level of respect that any other OTCBB stock deserves, even if it does go to another exchange.
It will merely be the Clampets living in Beverly Hills if it goes to another exchange without cleaning its dilution act up.
Jethro, carry Ellie Mae over to the cement pond so we can continue passing out the hog jowls to the townfolk here in the tall buildings.
The preferred shares you speak of - are their lock-up periods expiring right about this time? I believe that some of the posters on RB have outlined much of the information pertaining to when those are un-locked, and much of that is THIS YEAR, Correct?
So we are likely having to deal with those in this time frame, in addition to others that come up in the next few months for being un-locked.
Now, you are saying that Phil is continuing to give out shares right now, and these that are increasing our OS from 104.7M to 117M are not those shares from all those past deals? - Why doesn't he quit handing out shares? The company has funds to operate on. I saw them in the balance sheet.
The good thing you are trying to say about these new shares being added to the OS is that THESE at least cannot be sold until this time next year, correct? But we still have a big tab running on our OS credit card to deal with next year.
I sure wish the company could quit supplying fuel to keep the share price down. I thought they were stopping this by using cash instead of issuing more shares, but you seem to be telling me that more shares are being given out right here and now.
Now, I have had an extrememly negative viewpoint of the OS increases from the first time I bought NMKT about 2 years ago. I ALWAYS WILL.
I despise dilution. In my first conversation with Rick Lutz, that was the main question stream I put to him. He was quite insulted and went on about how they were buying distressed companies with shares that in a year or two would be of a much higher value, and thus so many less shares would have to be issued to finalize the deals when the time came to settle it out. Well, we all see how that has turned out!!! The exact opposite has happened, and it is biting us in the tushes right now after two years of share price depreciation. Just as I mentioned to Lutz in my first conversation as a reason why I did not feel comfortable holding my shares if that was their plan. He told me that if I didn't like it, SELL. That obviously I was not smart enough about how financing and deals were done to recognize all the value this would bring in.
Well, I did not like the dilution and I did sell.
AND BOY AM I GLAD I DID! I avoided the obvious fall that was coming from the .70s to the .20s. A few months ago I bought back in after the fall seemed to have been priced in. However, they are still working through all those shares which I still despise. So I sell whenever they cannot show that they are going to get it under foot and I buy back when they show that they are getting somewhere. I'm sure this is what everyone else does because everyone knows that that many shares hanging over our heads makes for a bad investment, though Rick Lutz would just say I have no idea how to run a company. - OK.
But I keep my profits, and my money does not lie dead for two years while other shareholders allow NMKT to give their investment capital away while they sit holing the bag hoping and praying that some magic like a new exchange can bring the company out of this slump. WHAT A JOKE!!! Talk about sticking your heads in the sand. A new exchange will do nothing to stop a CEO that acts like teenageer with a credit card full of company shares shopping in a distressed company candy shop. PV will go out and spend away like there is no bill to pay tomorrow. When the retail shareholders all feel the pain of the payments month after month after month.
BTW. I said I sold PART of my position. I would love $1 sometime this month, because I have things I need to do with my investment monies. Not watch them be used to support someone giving shares away on another pipe dream.
Yes, I know. The companies always point out that they are restricted, like it is a loan that doesn't have to be paid back or something. However, it never fails that by the time the restriction clause is lifted, the company's retail share value is in worse shape than when they first put out the shares, just as is the case of NMKT now. I often wish they would just give the shares out for selling, right then and there so that us retail shareholders would not have to go through waiting year after year after year of continual lifting of restrictions with shares continually coming into our market.
Restriction really seems to be used as another distraction and avoidance technique, but BOY, when those shares become avaiable to sell, us shareholders are left holding the bags. If you are going to give away some of my investment in the company, just do it and get it over with. I hate all the stupid little mind games. When longs keep posting about how there is incessant MM manipulation, THIS IS WHERE ALL THE MANIPULATION COMES INTO THE GAME.
And who gives them the power to do the manipulating?
You got it - THE COMPANY!!!
All those big guys with all those promises of all those restricted shares all too often are at a much better advantage of finding some way to hold the company share price down until they can convert and sell those shares, while retail investors sit year after year on dead money waiting for the restrictions to be lifted so we can then get the big club against our skulls.
I had a lot of shares for a RETAIL investor, but my shares were not a drop in the bucket against all those millions that the company has given out in deals that are flooding the market. THEY are the ones that determine which way this share price is heading - I just chose to go with the flow that they creat. Only way you can do it when the company keeps giving pieces of your invested monies away in their deals.