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NuMobile, like many companies, has special preferred stock that common shareholders can't buy. Especially interesting is Series A Preferred stock, which costs $100 a share. Series A preferred pays a whopping 24% annual interest, with 2% paid every month. Even better, when the owner of the preferred stock wants to exchange it for common stock and cash out, every $100 of Series A is worth $125 in NuMobile common stock.
Wow! The owner of Series A could make a quick 25% profit just by cashing in the shares now. Or he could hang on to the Series A, collect 24% a year for a while, and then make another 25% profit by cashing out. What a sweet deal!
The 2008 annual 10-K made no mention of the Series A stock ownership. But the 2009 report, dated April 7, 2010, sure did. According to the report filed with the SEC, "As of March 25, 2010, the holder of our 2,656 outstanding shares of Class A Preferred Stock, Beachhead LLC, owns 64% of the voting power of our shareholders. As a result, the holder of our Class A Preferred Stock will have the ability to control all matters submitted to shareholders."
You will never guess the address for Beachhead LLC. It's not other than 14860 Montfort Drive, Suite 210, Dallas, TX 75254. Sound familiar? That's the address for NewMarket Technology. And a footnote for Item 12 states, the exceo has voting and investment power over the securities of the Company owned by Beachhead, LLC.
So the exceo owns a controlling interest in Greenfield Partner NuMobile through preferred stock shena@#$%ns, just like he took over ownership of NewMarket from the shareholders. In March he moved in David Lee as CEO to run the company for horse trader Tilton, while Tilton played musical chairs by becoming CEO of Nova Energy. Meanwhile god made himself interim president, chief executive officer, secretary and treasurer of Nova Energy, suggesting that he controls that company, as well.
Now we know that at least one and probably all of the "Partners" is actually owned and controlled by Philip Verges, it will be interesting to see what financial games they play. Will they buy and sell from each other to boost their revenue? Will they continue to have joint summits and trade missions? Is the exceo using NewMarket's cash and resources (PR firm) to benefit the other companies he personally owns?
O.K. - we know New market holds more than 50% of the CCTR shares. Even if the upcoming report shows that NWMT has 500 million shares at that level that means 2mil.-3mil. in market cap. We all know that exceo is questionable character wise and that company is very shady.
I suspect that every single one of NewMarket's "Greenfield Partners" is a corporate shell that is controlled by him. Check out Nova Energy. The website announces: "Nova Energy, Inc. was recently acquired and is now under new management."
Amazingly for a publicly traded company, there was no 8-K filing with the SEC announcing such a change. But it is clear the exceo is calling the shots at Nova. He first installed Hugh Robinson and then himself as President. James Tilton, the stockbroker who founded NuMobile, was made CEO. There is no mention in any filing about what happened to Nova's founder, president, and CFO, Daymon Bodard. In Nova's most recently filed quareterly report, from November 13, 2009, there is no mention of his involvement in Nova.
Rating :
Mr. hamilton's busines,
I know that you have never audited a public company that filed with the SEC prior to this year. In fact you don't even have a accounting office in your home. A simple Google check verifies this. You must be thinking that the stream of clients who migrated to you from the people Pollard-Kelley represents some kind of bonanza for you and your family. After all, you realize that you were hired specifically because you WON'T ask the kinds of accounting questions that these companies don't want you asking. So accounting becomes a snap when all you have to do is get out your calculator
and check the math on the numbers that the companies provide you. It's almost like free money for you.
But I ask you to consider this. Several years ago a friend of mine owned a stock of a company that had no operations and hid that fact from the investing public. In the shareholders' lawsuit that followed the demise of the company's stock, it was the ACCOUNTANT
, not the company's officers, who had to pony up the money. The officers had all left town with no forwarding address. BDO Seidman had to reimburse stockholders worldwide at 12 cents on the dollar for their losses, due to shoddy accounting practices.
You probably have some sort of insurance
against such a suit. But the insurance will NOT cover criminal acts of negligence on your part. You and your family would likely be ruined if any of the companies you recently took on generates such a lawsuit. Given the caliber of your new clients, I think that is a distinct possibility.
So the moral and financial question you face is whether the influx in business for your fledgling home accounting office is worth the risk
the "office" is listed at 2223 S Olive St. in Denver, Colorado. I put "office" in quotation marks, because Hamilton PC is not even in the Yellow Pages as an accountant. It is strictly a home office operation. Prior to this year, Hamilton PC has not existed and has never audited a company for the SEC,
It turns out the Aha Wines Inc. is his wife's business. She teaches classes
on wine appreciation.
I was mousing through some entertaining CorporateProfile.com videos on YouTube, and I came across a video the exceos giving some remarks to entrepreneurs in Kenya:
"The Majority Shareholder of NewMarket Technology, Inc. submitted its written
consent to the shareholder resolution described in this Information Statement on
or about October 1, 2010, to be effective upon the approval of the Financial
Industry Regulatory Authority (FINRA) As of October 1, 2010, the Majority
Shareholder holds of record 500 shares of the Company's Series K Preferred Super
Majority Voting Stock (voting equivalent to 51% of common shares) allowing
Series K Preferred to always vote as a majority of the total issued and
outstanding common stock of the Company. The remaining outstanding shares of
common stock are held by several thousand other shareholders.
The Majority Shareholder of the Company is ES Horizons, Inc. by virtue of its
Series K Preferred Super Majority Voting Stock."
So its FINRA holding this up.That is probably why the last webcast was slanted the way it was. Lets see him squirm now!
Timeless Investments is run by Hugh G. O'Neill in the Turks and Caicos Islands, where financial regulation is, let us say, rather informal. O'Neill created Timeless solely to purchase $1.5M in Series J Preferred from NewMarket. The stock is guaranteed never to lose in value and pays 8% annual interest. At todays prices, O;Neill's preferred stock can be exchanged for millions of shares of NWMT.
Green Shield is run out of a post box in Carson City, Nevada. I can't locate an owner, but the only references to Green Shield on google are for its purchase of well over $2M of NWMT Series J Preferred.Could it be Aubry Broewn?
Through a shell company called ES Horizon, the ex ceo owns 500 shares of Series K Preferred, which is magical stock that automatically expands to be worth the equivalent of 51% of all common shares outstanding. So the more shares Timeless and Green Shield dump, the more shares his Special K stock is worth.
The Company has authorized 10,000,000 shares of $0.001 par value preferred stock. Rights and privileges of the preferred stock are determined by the Board of Directors prior to issuance. We had 925 shares of Series C preferred, 41 shares of Series E preferred stock, 2,226 shares of Series J preferred stock, and 500 shares of Series K preferred stock issued and outstanding, at September 30, 2010.
For the three months ended September 30, 2010, we issued 451,834,896 shares of common stock pursuant to the conversion of 379 shares of Series J Convertible Preferred Stock.
In April 2009, we entered into a Debt Restructure and Equity Reorganization Comprehensive Agreement ("Debt Restructure") with GreenShield Management Company ("GreenShield"), and ES Horizon, Inc. ("ES Horizon"), a company controlled by our Chairman of the Board. Pursuant to the terms of the Debt Restructure, we issued 750 shares of the newly authorized Series J Convertible Preferred Stock to GreenShield and 500 shares of the newly authorized Series K Preferred Stock to ES Horizon.
In another of his famous im not lying or telling the truth, he is not converting ES horizons is.
LETS SEE HIS W-2 STATEMENT!
HERE ARE ANALYSTS CREDENTIALS LOLOLOLLOL
The "analyst report" is written by an independent analyst, who is "a Certified Financial Analyst (CFA) in accordance with the CFA Institute Code of Ethics and Standards for Professional Conduct. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott."
So who or what is this "independent analyst"? A friend visited the NWMT website and there is the report. The author's name is on the first page, Vitalie Eremia, and he was assisted by Oxana Sutreac. No company name is mentioned. So he did a Google search
for "Vitalie Eremia," and found him . . . in Chisinau, Moldova. If you have never heard of the Republic of Moldova, you are probably not alone. The tiny land-locked country was carved from the former Soviet Union and rests on hilly ground between Romania and the Ukraine.
Vitalie Eremia is the 28-year-old owner of a company called AskAnalyst.com, which according to the company's website
, does "equity research outsourcing" with "competitive pricing" from Moldova, the "lowest cost European country." Mr. Eremia maintains a blog called "The Moldovan Connection" at http://ervit.blogspot.com/ Here is Mr. Eremia's Facebook page, including a shirtless picture of the "independent analyst": http://www.facebook.com/people/Vitalie-E...
The AskAnalyst.com website reveals what kind of work Mr. Eremia did for Janney Montgomery Scott: "outsourcing part of the research function" for a report. So NewMarket's assertion that the "independent analyst" conducted research for JMS is apparently true, but Ask.Analyst did number-crunching, not recommendations.
So NewMarket went all the way to Chisinau, Moldova to find someone who would give NWMT a real valuation. You might want to read carefully the "independent analyst"'s final sentence. After mentioning that the PPS estimate is much higher than the stock's current price, the report concludes, "...but we don't believe it is not an overestimation." That is one tricky grammatical construction! But if you cancel out the negatives ("don't" and "not"), you get: "but we do believe it is an overestimation."
HMMM .well well well.what a web of shanangins~!
A few months ago,an acquaintance had the chance to travel to Dallas and some other cities of the Great State of Texas. Well, to be short and to the point, he decided to visit the headquarters of Newmarket Technologies, China Crescent Enterprises, and all the bunch of companies that share the same address. First of all, when he introduced the address (14860 Montfort Drive, Suite 210, Dallas TX 75254) into the GPS device, the first answer was a negative "address not found". After reviewing the address in a PC, he got Addison as the correct place (the town belongs to Dallas county) and is not that far from The Galleria Mall. Anyway, he drove until he reached a two-story business complex, with 200 or more companies registered there. In the main panel at the entrance, he found no names of any of Verges's companies. he parked his car and enter the building, walking to the 210 suite. This is a 800 sqf or so, with no more than four or five people working there. I
He asked for Mr. Bruce Noller (CEO), and he was not there at that time. The assistant, named Karin Gil, is a pretty girl, that was very harsh with him, especially when he asked about the 600 people that work there, supposedly. The ex ceo is traveling, and he is very busy, so I can assure nothing at this tim was her approximate answer when he ask for an appointment. And that was it.
Well, his conclusion is simple. The company is just a facade to get money from the OTC investors. There is no way to know whether or not they have some real business either in Latinamerica or in China or elsewhere. After the trip, his feeling was a mixture of anger and relief. On one hand, he sold all my stock when it was still above one (1) penny. he probably lost 10K or so. Well, greed does not pay. But also he felt a bitter anger against the ex ceo because of all the pain and damage that he is causing to people that still believes in NWMT of CCTR. These two companies just work to make the ex ceo and his gang richer.
The convertibles NEVER ends. he is guaranteed 51% all the time. plus he gets interest on all the preferred.
BY my calculations, the exceo and his cronies have pocketed a cool FIVE MILLION DOLLARS since the reverse split. TODYAYS PAYDAY....$30,000!!!!!!!!!!!!!!!!
just call the transfer agent or the main office. ask the transfer agent for the O/S number and the main office...for anyone!!!!
AM I THE TARGET YET??? Then we know its official. do you think the exceo pays them? I caught two earlier ones.
$30K payday friday. hes laughing at you all the way to the bank..wait he cant hav e abank, thye wont loan him %%%%all who bought yesterday lost. your stock is wiorth less on monday as he dilutes. from 5 million shares on the split day tpo 500 million yesterday? how gullable are you?
show me one employee
doesnt ths look like the exceo;s handywork
L?ink to 10Q Nine Months Ended September 30, 2011 ????????
go ahead and call them at the main office and PLEASE tell us their response.
FACE INVESTORS PUBLICLY
how to run a company into the ground
1. Create shell companies in Nevada;
2. Set-up a reverse merger into publicly traded shell, change the name to something catchy like "New Market" or "New Mobile" (it's better to have something "New" rather than something "Old" because people like new things) or something with the name "China" or Africa (because these are "HOT Markets" where it's almost impossible to track real business activities);
3. Make sure there are plenty of shares authorized (1 billion is usually a good number; if you need more, you can always authorize another 2-3 billion later) so that the shell company can generate LOTS of cash flow by selling shares directly to the public;
4. Put together 5-6 months' worth of hyped-up press releases with key buzzwords like homeland security, systems integration, broadband, wifi, enterprise software, mobile devices, Microsoft, UN Summit, etc.;
5. Use a series of convoluted transactions so the officers end-up with a minimum of 51% controlling interest by holding only Preferred, versus the Common Stock which is only sold to outside investors;
6. Start issuing the hyped-up press releases every day, showing how this "amazing" new company is instantly generating $ millions of 'profitable revenue growth' right out of the gate;
7. Make sure to hire an out-of-work accountant that serves as "independent auditor" to make sure that he does everything requested by his new employers to show that the financial statements look real enough to submit to the regulatory agencies and to all the online financial websites;
8. Aggressively promote the shell company stocks by doing online videos, webinars, and PowerPoint slide shows with the hyped-up press releases. Make sure to always talk about "rapid growth," "revenue projections," "revenue objectives," "potential contracts valued at $XX million...," but make sure to explain that all contracts are "confidential" because of "Homeland Security" so investors accept this explanation at face value.
9. Just to mix things up a bit, talk about the "humanitarian aid" that the shell company is sponsoring. (Also hire top notch graphic artists that use Photoshop to place the CEO's picture with famous people in government and industry).
10. Keep aggressively promoting (and selling) the shares of the shell company stock with more hyped-up press releases, and by setting-up multiple aliases and hiring people to promote the stock in online message boards and forums. As investors lose interest because the stock price will drop with the ongoing dilution, make sure to keep selling the investors on higher price appreciation or switch gears and talk about a reverse split to allow the company to get listed on a better stock exchange such as NASDAQ or NYSE;
11. When the investors become disgruntled because their stock value is declining, put out press releases blaming "naked short sellers," "market makers," and "stock bashers" as the reason why the price keeps dropping. Make sure to occasionally mention the potential "short squeeze" coming due to "naked short selling" because this sounds plausible and impressive and takes investors' focus off the company;
12. When the price gets too low, issue press releases blaming all the "naked short sellers" for "manipulation" so the company will have no choice but to "reverse split the stock" (1 for 200 is a good ratio) in order to prop up the share price and get listed on the better stock exchange (See #10 above). Then just complete the reverse split of the stock and start the process all over again.
how the exceo launders investor cash
the exceo and his three-bosses: Bruce Noller, James Tilton and Philip Rauch regularly take investor money and launder it through privately held LLC's. This is how it works, he will incorporate a company in Nevada (this costs less than $1000). He then votes that one of his publicly held companies (CCTR, NWMT, NVAE, NUBL, WSGF) exchange shares with one of his private businesses. The new company issues 70,000 of it's worthless shares in exchange for preferred stock from the public company. This stock is then converted into common and sold on the market. he and buddies pocket the proceeds. The purchased company eventually gets its NV status revoked as its work is done.
Proof? You want proof you say? Well here is where he uses NVAE public money in exhange for worthless stock of SEA Kenya. Notice how he also stipulates that he gets 51% of all net income of NVAE:
http://www.sec.gov/Archives/edgar/data/1...
Here are a few companies, both public and private he has incorporated in Nevada (be sure to input his full name):
http://nvsos.gov/sosentitysearch/CorpSea...
Would you like to see a small portion of the web of companies Phil is using to perpetuate his fraud? Well here you go:
http://www.corporationwiki.com/graphs/ro...
The truth: CCTR, NVAE, NWMT, NUBL
it is illegal to report false revenues! but, if you can get your auditor to substantiate it, then the auditor assumes the risk! the exceo used to have Pollard Kelley audit all of his companies. but, the accounting oversight board took away Pollard Kelley's license. no sweat, he has found a new auditor that will go along with his crushing investors, Hamilton PC.
need proof that the exceo used crooked auditors? here you go:
http://pcaobus.org/Inspections/Reports/D...
its not looking too good for his new auditor. remember the 8K that said he would get 50% of NVAE profits?
http://xml.10kwizard.com/filing_raw.php?...
well, as we suspected, NVAE posted it's first profit ever on ZERO revenues! the profit was found as an increased value of derivative liabilites. sneaky huh?
http://xml.10kwizard.com/filing_raw.php?...
what's really odd is that the derivative liabilities don't add up:
Liabilities and Stockholder's Deficit:
Derivative Liabilities were $1,815,431 on 12/31/10, and $1,894,453 on 6/30/10. That's a decrease of $70,022 over 6 months ending Dec 2010.
Consolidated Statement of Operations:
Change in fair value of derivative liabilites was +$936,176 of which $653,154 occurred in last 3 mos of 2010. That's an increase of $653,154 over 3 months ending Dec 2010.
So, which is it? $70K or $653K? If it is $70K, then his 50% of net income equals zero...
It is far worse that this pack of lies looks.
They show almost $1.5 million in assets, but what are those assets?
$585,000 is listed as "Goodwill", meaning that they picked a number out of the air and used it as an asset.
Almost $400,000 is for drilling equipment purchased April 10 and has NEVER BEEN USED.
So of the almost $1.5 million in assets, almost $1 Millimillion is non-existent or else equipment he company doesn't need and has never even used.
Then you look at liabilities and it shows $90,000 for salaries.
Funny, since the exceo salary is $120,000 per year and his right had man is paid $60,000 per year plus a $20,000 bonus.
The original company owner's salary is $387,600 but is hidden away as a promissory note.
So the actual salaries for the company amount to $500,000, not $90,000.
So while overstating assets by between $600,000 and $1 million, they are understating liabilities by at least $400,000.
Those two facts alone mean that their asset to liability ratio is overstated by between $1 million and $1.5 million depending upon what the drilling equipment's depreciated value is since you will note that they listed it at purchase price. But just like when you drive a car out of the dealer's lot, it drops $5-10,000 in value, so does industrial equipment. I doubt that drilling equipment is worth 50% of its purchase price despite having never been used.
IF YOU'RE A CHINA CRESCENT EMPLOYEE, CHECK IN
... because you're rarer than a unicorn. exceo claims to have a whole crew of IT people, integration specialists and MIS foot-soldiers. Um, based on a quick scan with Google, Facebook, LinkedIn, and Monster.com, that hypothesis strains the limits of plausibility.
do your employer, a favor: just weigh in here. If you actually work at Newmarket or China Crescent, or any of his companies, leave us a note here. And if all you China Crescent enthusiasts want to do something to support the company in which you've invested, take a little time to try and locate said employees -- just one or two of them, really -- and have them weigh in . Just a quick description of the scope of your duties, an NDA-compliant description of your client or clients, etc.
My prediction is that nobody will come forward. Prove me wrong. This post has been running on the Newmarket Technologies board for weeks, and nobody's come forward... despite another poster's offer to give his entire Newmarket stock position to any employee who checks in on the message board -- a zero-basis stock option. What employee could pass that up? If the company was really real and really had a future, don't you think an employee would take that offer? Uh, no. BECAUSE THERE ARE NO EMPLOYEES. ANYWHERE!! HOW DUMB DO YOU PEOPLE HAVE TO BE? HOW CORRUPT AND EVIL is he?
55 million shares, hes just pounding us
$15K payday today for exceo and his cronies. pon;y thing hes ever told the truth about..: the more the PPS goes down the more he will sell.
the exceo wrote the letter bruce is a pawn
heres one for you
Dear Mr. XXXXX,
Thank you for contacting the U.S. Securities and Exchange Commission and sending us your information. We have forwarded it to the appropriate people within the SEC for review.
Please understand that the SEC conducts its investigations on a confidential basis and neither confirms nor denies the existence of an investigation unless we bring charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will not be able to provide you with any future updates on the status of your complaint or of any pending SEC investigation.
I’ve attached a flyer below that describes our policy as it will apply to your complaint. Once again, thank you for contacting us.
Sincerely,
Farol Parco
Investor Assistance Specialist
the fleecing continues
hes gotm to sell more stock as the PPS goes down to pay the same amount owed.
up in the eatrly..down in the afternoon.
heck of a paln bruce/.0005
he almost has to do it. otherwise the gravy train is over.
This guy should know. I cant reach him Bruce A. Noller
(972)
386-3372
as filed in SEC late filing request
I cant explain it. But it seems that he is converting shares and selling them. I wouldnt doubt that he is doing it through a third party to keep in line with his half truth philosphy.
wait till you see the O/S when the report comes out
another $7K payday for him and his cronies
.0006 the pillage continues. he has no consience
would you take advice from this guy? FACTS!!!
March 25, 2011, Stock prices – NewMarket Technology Inc.
NWMT $.0009
CCTR $.0009
NVAE $.0058
NUBL $.0002
March 10, 2011, Stock prices - NewMarket Technology Inc
NWMT $0.0016
CCTR $0.0006
NVAE $0.005
NUBL $0.0002
February 9, 2011, Stock Prices - NewMarket Technology Inc
NWMT $0.009
CCTR $0.0012
NVAE $0.026
NUBL $0.0005
Call or write to
Kristina.peterson@dowjones.com or call her and tell the story of the exceo and his dealings. 212 416 2917 . see how you make out. the guy is teflon!
another half truth. You can APPLY to be invited to the confernece.
Hes a very sick diluded man that ex ceo
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i know. is he still presiedent? watching this go down now is like choineese water torure.
Call or write to
Kristina.peterson@dowjones.com or call her and tell the story of the exceo and his dealings. 212 416 2917