Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It is NOT the MMs.
It is all those people that are converting their preferred shares and just want their money back from the deal they made 2 years ago for the company they sold to NMKT. Apparently, they do not intend to wait around any longer to see if they can get a few pennies more for their shares than the next guy that has 5 million more shares to sell from the conversion of shares from their deal. Us NMKT shareholders have been sold way too thinly to buy all these companies that are just now beginning to add to the bottom line. On top of that, some of the deals ended up not being anything profitable, and will NEVER bring revenues to the balance sheet - just major losses. As best as I understand it, the owners of those companies from those worthless deals could still have shares to sell to get their money from the deal. Us NMKT shareholders are paying them off now and for the past year. Hopefully they have sold ALL their shares by now.
MMs do not need to hold this down with so many people getting so many shares to sell at any show of strength.
Quit blaming it on MMs and shorters and realize where the oversupply is coming from.
OK, thanks for the input.
In light of that, I will just sit tight and wait a bit longer to add the shares back that I sold, and to finish re-establishing my original position. I DESPISE dilution and I cannot wait until they get all this overhang down to ZERO - which I know they will not get it to ZERO.
I sure wish they would, and then refuse to add another share to the fully diluted OS count until they see the share price appreciate to over $1.50 for a stable amount of time. Let the good revenues and earnings go directly to increasing share appreciation. Then, after that is accomplished, (them re-establishing their equity account in the company just as responsible people re-establish their funds in their bank account on which they have to draw from to live on) I sure hope they would learn their lesson that all bank accounts, even accounts of shares in their company, have limits of what they can be drawn on for them to function effectively.
When they see the value eroding again, they must imediately realize that some of their deals are just too high priced for their capability to operate and function at that standard of living, YET. If they keep an eye on this, I truly believe that the company will grow much, MUCH faster than this living beyond their means approach.
Now THAT is an interesting thought. I like that.
So, are you saying that instead of 183MM shares OS now, we virtually have 143MM, with only another 15MM to be converted?
WOW!!!, that makes the thought of buying more shares much more comforting. Now I'm sorry I just sold some a few minutes ago.
Of course, I have to believe that Phil will not allow those 40MM to be converted, and do I bleieve that????? I think so, but I hate to be gullible and fall for another lie from another CEO who will sell me down the river when the going gets tough. The reason I believe he will not convert is because I believe that those 40MM shares are PV's insurance against some manipulating, shorting IB trying to short the company until that IB owns enough shares at conversion to cause problems for the company. As the IB shorter's shares increase in number, so does PV's, and I think the man is ingenious for that kind of skill at setting up protection for his company. Now, I may be wrong, but I think those 40MM are safe.
You tell me, am I thinking of this in an inaccurate manner?
I know you got some good explanations regarding the AR, and it was enough to settle my fears for a BIT. I thank you for that effort.
However, I cannot accept that for years on end unless they continually (for years on end) outline how the contracts show that this will have to occur. They have to settle our fears over and over after not meeting their statements of the past. I believed other CEO's, like Enron and Williams Communications, and others that tell you straight out that things are fine and are done a certain way because of this and that. They tell you this up until a few days before they file for BK or get indicted for something. It makes me be very leary of explanations from other CEO's like PV, especially when I have quite a list of things HE has said in the last two years that have NOT HAPPENED the way they told me they would.
I am continually willing to give him a chance, because, heck, I want to make money off this investment. But, he has to continually show me that he is constantly paying attention to the concerns that are scaring the heck out of us shareholders.
Prospective share buyers have to figure in how much less of a percentage they will be owning with all the conversions that still need to be accomplished. I own a lot, and want to buy more, but I hold back because I figure, Hell there are another 50,000,000+ shares out there that are going to be added to what I own of the pot today. That is another 30% increase, so I now have to weigh those earnings against another 25 to 30% of shares that these good numbers have to be spread around. I then have in the back of my mind that there may beven be more, possibly, after seeing that the 175MM fully diluted has now gone up to 183MM. How many more millions of shares are they going to continue adding to this pot that keep being eaten up by preferred shareholders.
Mr Tech,
What is WIP?
As for the AR:
I feel that if a shareholder is concerned about when they will see the income and whether or not it is in an appropriate time frame, it is important to keep the concerned shareholders informed about the item in question so that misrepresentations do not get out of hand. As you said, it has been addressed, but it still needs to continue to be followed through on, expecially with all the misrepresentations/miscalculations the company has made in the past. That is the price one pays when they have not followed through on their word. And the price becomes more cumbersome, the more times that they continue to not follow through with timeframes, expectations, etc.
Ahhh, Thank you Scov. Now I have what I was searching for.
OK, thanks.
I thought I had seen it well before you had posted your post. But then when I went back to find it, I could not find it after searching quite a while. So both of us saw it, so I'm not crazy, after all, LOL.
I was preparing to post such in the iBox, and I was searching for the actual quote so that it would be more official. Do you mind if I post your summary, until I run across it again?
Very good look at what we are expecting. Looks extremely promising!!!!!
I agree with everything you said except for the AMEX thing. I would venture a bet that the AMEX will wait until AFTER the 10Q for the first quarter gets filed. That will give us plenty of time to get the share price up over $1, which was the necessary share price when we first applied to the AMEX.
I suggest, (in a friendly manner), that you quit worrying about us getting to the AMEX until all the other stuff is taken care of. Once that is taken care of, we will no longer need to file as an SB. Once the other stuff is in place, the AMEX will come as a smooth sailing event instead of all this fanagaling and worrying and thoughts of manipulating the share price in various ways just to make the AMEX people happy. All that junk does not really add value to our company or prove that we are responsible enough to play with the big boys. But when we show that we can behave responsibly, the AMEX will welcome us with open arms.
I was also ELATED to see the AR come down as it did.
I believe that My02 suggested that this was likely to happen once the Argentina contracts could start being paid to us.
Keep up the good work, Phil!!!
Is RB message board down? I keep getting a server error.
Firecracker, I see in the 10K where you got the fully diluted number of 183,000,000, but could you tell me where to look to find the O/S in the 10K? I'm seeing 96,000,000. I know you have to be correct, but I cannot find it in the filing. This does not make sense.
From the 10KSB:
Comprehensive Income .....................$2,699,076 ..... $ 415,544
Income per weighted average common
share - basic ................................... 0.03 ........ 0.01
Income per weighted average common
share - fully diluted ......................... 0.02 ........ 0.01
Number of weighted average common
shares outstanding - basic ............... 95,814,972 ..... 64,218,004
Number of weighted average common
shares outstanding - fully diluted ... 182,759,172 ... 108,323,004
Thanks.
I get the releases on my Schwab platform and cannot get my links to copy so that I can post them here for the board. So, I just post that I know the info is out there in hopes that another on this board will follow up and post the appropriate link for everybody else.
Good job.
10K has just been released.
Sandbath,
So nice having you people on RB come over here and give us a bit of input. I like reading RB, except that they tend to want to toally ignore the negatives about the company, and want to kill ANY MESSENGER that might want to get them to think a little harder about what THE COMPANY IS DOING to keep all these negative forces in motion. It is so comical seeing them shun anyone who tries to make them think.
And then, the EGOS. I love the info many bring to the board, but everyone has an opinion, so voice yours and allow everyone else to voice theirs. AND quit with the incessant childish labeling of the posters that happen to think differently. So funny.
I do NOT like that at all, IF OF IT IS TRUE.
I have not seen definitive evidence that that is true. I know you have tried to tell us this, but you telling us this is a bit different than seeing an actual flow chart and filings for where all the shares are going. Admittedly, much of this is my own fault for not being able to do as thorough DD as some of the more skilled posters on here are able to do (thanks My02, again) (and Charleoi, I give a thanks to you WHENEVER you are able to find unrefutable documentation to lay out the truth of what you keep telling us about.)
Now, I appreciate your input, when it is not so accusatory that I have to question the intensity. But, I do believe you are one of the smarter investors (and probably one of those financial analysts tied to an IB firm in Florida), and thus, you have knowledge and access to all kinds of financial information about companies like NMKT and the deals they are working on. From that access, I believe you know exactly which side of the investing fence to play on this stock, and that you obviously have taken the short side the past few years. The company has played right into your hands and handed you some VERY nice profits on a silver platter.
The problem for me is, I'm not sure how much more force you are interested in applying to the overflowing number of negative aspects about NMKT, just so that you can make another huge chunk of money on your short investment. I wish NMKT would quit giving you the ammo to keep making money on your position, and I do not want to be gullible and allow you to manipulate me and other long shareholders just to make your profits larger for a longer period than necessary.
At some point, I do think NMKT will get their act together and realize that they need to start producing something that causes share price appreciation rather than continually drawing on their capital to the point of no return. I was hoping, (and banking on) that time to be here and now, but I am starting to worry with hearing more and more double speak. I do not like that I am starting to get the feeling that delays may be starting to happen again. If so, shareholders are being played again, and I am outaa here AGAIN.
Then, only when I ACTUALLY SEE THE FILINGS AND DOCUMENTATION that the dilution has stopped, will I buy back in.
NMKT MUST STOP THE DILUTION - NOW, YESTERDAY!!!!!
I CANNOT YELL IT OUT ANY LOUNDER.
This MUST be their PRIMARY goal, over any deals, over any dividends, over any listing on any exchange. THIS IS PRIORITY ONE!!!!! - QUIT USING (or should I say, DUMPING ON) US LOYAL SHAREHOLDERS!!! NOW, PLEASE!!!! TODAY!!!!
Not next month, not next week, not tomorrow. NOW!!!!!!
I know the company does not talk about the RS unless brought up by shareholders. But, some shareholders like to keep bringing it up because the company is so damned adamant that they need to get on a different exchange and, in this way, the company reinforces the conversation that the shareholders keep bringing up for having a RS to make it to that other exchange. IF THE COMPANY DID NOT WANT TO SEE RS DISCUSSIONS, they would straight out come out and say that they do not care about the other exchange enough to even consider a RS. They would quit emphasizing that they need to get on the other exchange and just start emphasizing that they need to tighten up the cinches on the wallet holding the company's shares - QUIT DILUTING, PERIOD. Get all the convertible, preferreds and whatever else out there that can cause an increase in OS out of the way, and tighten up their accounting so that our sharesprice will appreciate instead of shares being used to drain retail investor's pockets.
If they would focus all their communication on these issues instead of,
Oh Boy, we really, really want to get off the OTCBB because of all this OTCBB market dynamics BS, and we are doing everything we can to get on the AMEX,
then people would quit even THINKING about doing a RS because they would see there is no reason for it. Shareholders would start focusing on what would really help this company - less debt, that includes debt being held in the form of EXTREME OVERHANG of preferred shares. Once this overhand and overuse of shares for funding WHATEVER is settled down to a SLOW trickle within our market cap budget, more appreciation in share price will occur. This can then be CONSERVATIVELY used in future deals. NMKT needs to quit spending 500% more of the company's Authorized share budget, in a few months time frame, leaving shareholders with a stream of new shares to have to swim up against in a very strong current of shares flowing down on top of our investment.
The company effectively supports all the RS chit chat on the RB board, by continuing to emphasize that they desperately want to get on the AMEX. They subliminally bring up the RS issue with this AMEX mindset, and I am tired of it. For some reason, the company appears to somewhat like seeing investors continuing to talk RS.
I agree with you totally, firecracker. Excellent post.
See people, after you quit labelling everyone who questions the company some "basher" and ignoring the concerns that they try to show us to look at, you see that SOME of their points are valid and that we, as RESPONSIBLE investors, need to look into some of the issues they point out, even though they make us a bit uncomfortable.
nmkttothemoon,
Thank you very much for rounding up that information. It is very informative.
Again it is OBVIOUS that our problem with our share price depreciation is not shorting or some conspiracy, but is more the fault of the way the company has been required to use our investment capital. When the company displays how far it will go with dilution, then the company straight out INVITES shorters to jump on the shares. ANY savvy investor knows that the best avenue to take to make money on NMKT the last year was to SHORT IT; and then the company comes out and complains about traders shorting it?; Ha, go figure.
It is now time for the dilution to stop and then the subsequent message that this is a stock to SHORT to make money will stop. Then, we may get a little respect for our shares which will show up in some appreciation in value. The COMPANY is the one doing this to us, and only the COMPANY can change this. To try to distract us by talking about RSs and other exchanges and conspiracies is merely displacing our attention so that the company can avoid having to deal with shareholders who are demanding that the company handle our investments more responsibly. Do NOT let them distract you, fellow shareholders. Tell them to operate within a respectable budget so that we can be respected. THEN and only then, start thinking of a more respectable exchange. NEVER accept this stupid game of a reverse split to get on another exchange as a valid method of bringing the appropriate value to our shares - THAT is ONLY a deceptive game that they use to distract shareholders from the actual issues of why our shares will NOT appreciate in value, while the company continues to take our capital (our shares, our money) and distributes it to the big guys that they are making all the deals with. ENOUGH!!!!
OK, I thought I read somewhere in these last press releases that it would be out on the 31st. My bad.
Then, I vote for ..... Um..... Tuesday.
How's that sound?
Long enough for the price to build for a day in anticipation and then they hit us with some decent numbers with some decent profits, and we can build some more into the Q1 earnings release in the next month.
However, I still have a suspicion that they will again wait until the very last minute and not get it out until Friday :>(.
Mr Tech Russ,
You posted on RB: "I have also said the reason is they are almost always bad news is the companies that use them are most often distressed and more often than not they have VERY large floats with prospects of issuing much more stock to stay alive. This is NOT the case with NMKT."
I disagree with you totally. I think that this is EXACTLY the case with NMKT, and a new exchange will NOT correct the problem until PV corrects the problem of being wayyyyyy to free with handing out shares to anyone and his brother and for every interesting, underperforming entity he diecides he wants to devour to put under his NMKT umbrella. Only until he starts making these companies become profitable quicky and add to the botttom line, will this plan start to cause share price to go up. Until then, our price will continue to depreciate, no matter what exchange we are on, or whether or not we do a RS. A RS will only exacerbate the problem, and then we are back to the same problem on a diferent exchange.
Correct the problems within how the company is handling its funding or funds available before asking respectable investors to look at you as a respectable company. So far, it has all been merely words, with a WHOLE LOT of DILUTION - thus lower share price. Not short selling, not naked shorting, not a conspiracy, other than the director of the company keeps giving our investment monies away for way too much shopping around than he, or we, can afford.
Why you people are so eager to let the issue be distracted from the REAL ISSUES staring you in the face with every increase in OS, I do not know, other than wanting to stick your heads in the sand. Pull it out guy and tell PV to keep our shares at the level they are at, or decrease them (as he SAYS he is going to do) and only buy companies with monies that he has on hand until he can show consistently increasing profits on the bottom line. Then he can barter off some of our shares, and only then.
No RS.
No AMEX until we are respecable enough to earn it, and that will be when our share price goes from this .33 to $1+ on its own merits, not some maneuvering that the company manages to pull off. The AMEX knows this, and I think PV has been told this, and THAT is why he has started to finally work on reducing the overhang, rather than do a RS. A RS will still yield a measly company that does not deserve the respect of a listing on the AMEX A company with a boatload of shares flooding the market every quarter for unproductive attemps at respectability. A company that just continues to take monies from individual investors and put it into pipe dreams that do not pay their own ways.
Oh, and also, this comapny has a very bad history of not keeping its word with what it tells itsinvestors to expect. This also has to change before it deserves any real respect that can be shown in share price appreciation.
Once the dilution ENDS and investors can have some measure of trust in what the company says it is going to achieve, THEN and only then, the AMEX may consider that we are a company worthy to play in their ball park.
This is the ONLY way to achieve an AMEX listing, IMHO.
On Monday?
I thought PV specifically stated that the 10K would be out on Friday. Now, it would be nice if it came out early, but I think you are being a bit too optomistic thinking he will release it on Monday. Unless of course, you have seen or heard something that I have not seen that specifically told you that it would be ready Monday (or early, for that matter).
OK board,
I have asked Stock Analyzer to assist me in getting some charts posted in the iBox above, so that we will have continual easy access to some nice charts to augment our discussions on this board. Take a look at them when you get a chance.
Please feel free to give me any feedback on what indicators, timeframes, etc. that you guys would personally like to see added to assist in any discussions or observations you would like to make. These charts are merely a STARTING POINT for the board, and I would like them to progress to the point where they are customized to our TA specialties, interests and patterns for this particular stock. So offer suggestions, and lets make these charts as informative to us as possible, so that we can better take advantage of the price movements this stock will be making.
Special thanks to Stock Analyzer for helping us out.
There was a gap from 34 to 35 that needed to be filled, but after this mornning, it no longer needs to be filled.
Oilbaron,
Welcome aboard.
Take a look at this link - it is a nice general summary of NMKT.
http://finance.google.com/finance?q=nmkt&btnG=Search
I hope this helps.
I'm working on getting a continuously updating chart posted in the information box, so people can track certain indicators.
So then this is not a PP is it, since no shares were placed in private hands, or no arrangement for shares has been set up? Instead, this is merely private funding.
"The $1 million is invested directly into NewMarket China as a bridge loan pending the independent public listing of the Company. This direct investment alleviates any need for NewMarket Technology to sell additional equity to financiers to advance the development of NewMarket China."
"The $1 million investment has been made by a private investment group formed for the specific purpose of investing in NewMarket China. The $1 million is invested directly into NewMarket China as a bridge loan pending the independent public listing of the Company. This direct investment alleviates any need for NewMarket Technology to sell additional equity to financiers to advance the development of NewMarket China."
A bridge LOAN alleviating any need for selling of additional equity are the operative terms here. No shares are being placed anywhere, just funds that will need to be paid back. Now, it would be nice to know the interest rate being paid for this loan. And, of course, at any point in time I would assume PV could make newer arrangements in which he uses shares to pay the loan back like in a convertable debt - but I hope not.
All IMO, of course.
LOL, AT&T357, but my SBC does not refer to the communications company, so I guess the sbc will have to stand.
Could you please post the story, my Schwab feed is messing up and all I can get is the headline - looks like I have missed out on some good information, and I am NOT HAPPY about it.
That is assuming that the float has not had yet another drastic jump in number since our last report. That is an ASSUMPTION that I find puts my money at risk when I finally find out that my money has been distributed to yet another person or persons to the tune of another few million shares.
Also, they have SAID a whole lot before, and much of that has not come to pass, or took wayyyyyyyyy tooooo lonnnnnng to come to fruition. SO, I find it difficult to hang my money on a projection that could yet be another thing that does NOT come to pass or even if it does, only after they have handed out another 20 million shares or so. Shares into which my money has been distributed so that I cannot even get my price that I initally bought in at.
Not a productive investment to believe in such patterns, as we have seen for the past year or two.
Thanks. Interesting information.
Now, I would like to see what the share price is set at in that PP, if it in fact is being considered as part of the deal.
THAT number will speak VOLUMES as to what the share price of NMKT should be when appropriately priced.
Those are just WORDS. The truth is in the numbers and how those numbers calculate out to give the BIG number - MARKET CAP. This and ONLY THIS will demonstarte the appropriate share price, and thus will be what tells us when to buy and when to unload.
Now, the individual factor in all this is what information you choose to use to tell YOU what the appropriate market cap is for a company like NMKT. I like to use multiples of profits (revenues to a much lesser extent, and then the GROWTH rate becomes much more significant to see IF those revenues are really generating a move toward profits) and cash/debt ratios. Others may use other fundamentals.
I have a fax that I can fax FROM but I cannot receive faxes, so won't do much good here unless someone else can receive, LOL.
The next assignment that needs to be handed out to another board member would be for said member to keep track of any and all information that outlines AT WHAT VALUE the new shares have been distributed. This information is extremely informative as to what the directors themselves value this company. They can say all they want that this company is worth over a $1, but when they continue to distribute shares at .10 to .25, that says that they KNOW that they can in no way convince a third party whose services they are in need of, that this company is worth anything near $1.
Now, many of these third parties, if they be IBs or other kinds of backers that the company may do PPs or CDs with, have MUCH more information on the progress of the company than any of us have. If the company tends to do deals with people like this, and cannot convince THEM that the company is worth more than a .20/share investment as a safe reasonable investment, then that tells us that this comapny has much more to get accomplished before we should expect much more than .20 for our shares. At this point, I do NOT believe NMKT is doing any PPs or current CDs, but they have a whole lot of overhang from such that we have been dealing with FOR A LONNNNNNNG TIME. From now on, as responsible investors, we need to quit getting distracted with ancillary things like shorters and exchanges, and FOCUS on the deals the company is making with our shares. THIS IS THE ONLY THING that will tell us what the people who get detailed information reagrding the financial stability of the company see the value of this company to be. THIS WILLL TELL US WHAT THE APPROPRIATE PRICING OF OUR SHARES SHOULD BE and thus, when we should be selling and when we should be buying - period.
I would like to give someone an assignment here on this board:
I think it would be quite informative for someone who has the appropriate equipment to have a weekly task of getting the updated number of OS, so that we can track the progress of the dilution (or should I say, the redistribution) of our investment here in NTWK. This would give us an idea, as we also keep track of the profits (and, of second importance, revenues), of the appropriate pricing of our shares. As My02cents would put it - the appropriate Market Cap will tell us where the share price should be sitting as long as we have an accurate count of the OS.
AND EVERY SINGLE TIME someone here allows themselves to get distracted by the superflous issue of what exchange we are going to be trading on, the comment on the direction of our OS and the concurrent market cap should be brought up three times, to assure people understand that the focus should NOT be on an exchange, but on the investment of our money, and how that investment is being used or distributed by the company.
Firecracker, or anybody;
Have you been able to get a number on the total OS from the transfer agent as of this week?
I do remember a sell recommendation being posted by a Tobin Smith follower. Maybe he was flipping his shares for a lower price.
I am not a TS subscriber, so I cannot verify the sell. I believe the recommendation for selling NMKT was posted on the RB message board.
I sold back when we were discussing my frustration with the focus on the Amex instead of the ever increasing OS, and how I see that as the company taking our invested monies and distributing it to the people they are making deals with without considering the continual depreciating impact on our investment.
Then, I and the family got the flu, and then I had to go buy a car (using my LNUX profits - Yeah!!!).
I have since bought back part of my NMKT position and will probably buy more back, now that I see the focus has drastically turned around - and I DO LIKE THE DIRECTION it has turned.
Sorry for the extended absence, but this will happen from time to time, due to having a family with quite a bit of time demand.
I am thrilled to see that My02 and firecracker are assistants - let's keep this discussion lively and friendly, and always open and helpful.
I will only be partially active for the next few weeks. I'll try to pop in at least once every two days to see how the group is doing.
If you have any issues, please PM me.
Great, I've just gotta find someone who knows how to do this, LOL.
Actually, I think they would serve a better purpose to be posted in the "Board Info Section" at the top of all the posts. That way people do not have to remember which post it was that you last posted them on, and they don't just keep taking up another space in the middle of other posts. You could update them as needed, and they would always be readily, AND EASILY, available to other posters with one click, along with any other pertinent information on the company.
I was going to post a link to a log of all the past press releases up there before NMKT so conveniently obliterated all that information on past history.
Also, it would be really nice if one of these excellent chartists could provide a chart to put up in that section, that includes indicators and all that nice stuff. Maybe even include comments superimposed on the chart, from time to time. A chart like the one provided for NMKT in this post, with the addition of CMF(Money Flow), please.
http://www.investorshub.com/boards/read_msg.asp?Message_id=9476910&txt2find=nmkt
I believe Motzo0 (I may have the wrong poster), over on RB, puts up some nice charts from time to time, and he is ALWAYS watching money flow and MACD. I really appreciate his posts telling us what he is seeing in those charts.
Now, Augie, the question is:
HOW do we add stuff like this to the Board Info Section?
How can we help those who are willing to provide this information for us?
East,
At first glance it would appear that what you are saying is corrrect. However, IF you look closer, that is not actually the case when the company is diluting the shares on a rather consistnet basis.
See, 1) shareholder buys shares at certain price,
2) Company need funding for some kind of situation - acquisition, pay down of debt, lawsuits, R&D.
3) Company goes to IBs in a PP or goes to the company they are acquiring, or in some other funding deal and says I'll give you x number of shares that you can sell down the road - now, they have essentially just used my money to get liquid money in their coffers to operate on.
4) Now, a portion of my money is in another entity's hands to be sold for THAT entity's profits well before I will ever see my share price appreciate, because it is so typical that these shares are given away at a very sizable discount to the market price that I am sitting at waiting for some appreciation of my investment. This is the DILUTION FACTOR, that so many shareholders tend to ignore. That is basically the company TAKING OUR MONEY. I have not sold to any other shareholder, but some of my investment has been converted into shares that some other shareholder now owns and that can sell fairly soon and then make my share price continue to go down rather than up - because again, they got those shares at a major discount to what I paid for my shares when I bought on the open market.
Quite different than the impression that you represented.
I should also comment that there are some positives that I would expect within the next few months that would then make me interested in re-visiting my investment in NMKT.
We should have the Unione deal announced SOMETIME soon.
The 4thQ 05 10Q, 05 10K should be release fairly soon with auditied financial results
Shortly after that we should see the Q1 06 10 Q with what I expect to be some very nice revenues
I expect to see a couple of deals that were dealyed in 05 to be announced sometime shortly.
and along with these developments, I would expect that we would see a couple of increases in guidance, that should help the share price.
With all these positives, ONCE THE RS AND MOVE TO AMEX uncertainties are addressed, I would think we might see some nice share price appreciation finally. Around that time is when I will be reconsidering re-establishing my investment in NMKT. Right now, there is just WAYYYYYYY too much uncertainty and I have no idea how long it will continue. It has already continued months past the length of time I thought I was going to have to wait, so I have finally decided I am tired of waiting and missing opportunities elsewhere.
I don't know, but I am selling now.
Not one Form 144 (or whatever they file) to show that ANYone within the company has acquired any more shares as they stated they would. Yet, another broken promise (or what shareholders would put in the category "promises").
Unione, where is that deal that was supposed to close by the tenth? At first I thought this PR was an announcement of Unione closing. Another missed projection.
And price continues to go down. And they are just figuring on how many of my shares they are going to take back with that great maneuver called a RS. Let's just take it to another exchange. New investors, better investors, new funding to get ahold of.
Well, I'd say they are better investors than a bunch of longs that have waited over a year for their share price to appreciate, or just STOP DEPRECIATING!
Kind of like a band of gypsies that spend time in a town getting all the townspeople to buy into purchasing their wares, and then, when everyone in that town becomes aware that they are not going to get anything beneficial from purchasing said wares, they just move along to the next town full of FRESH NEW people, or should I say move along to the next exchange with fresh, NEW investors.
Now, I WILL buy back, and I WAS of the belief that NMKT does not want me to, because they want us shareholders that remember what they have let us down on to disappear into the woodwork; just take our losses, leave our money with them and GET OUTA HERE. (This has changed a bit since a recent conversation with Lutz - they really do want us to stay around and see our investment appreciate when it does. So the rest of this comment is tempered with a new trust in the company, but I still wanted to let out my frustations again.) Just pack our bags and not give them any hastle about how disappointed we are with what they have done with our trust. This will allow them to work their magic unencumbered, without having to answer to any old promises or history - WIPE THAT SLATE CLEAN, and don't answer to those that you owe an answer to for past history. Just delete all that old history. Heck, they have got NEW, FRESH investors to work on now with their new AMEX listing - They'll treat those investors better and not make as many mistakes or missed promises - MAYBE. THOSE NEW INVESTORS will be the ones that count, so THAT is the time to buy back in - when you can be in the pool of NEW, FRESH investors.
However, people who have lost money on the previous missed promises and projections DO STILL have a memory. That history will stay with you even though you delete all the information pertaining to such.