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I was one of them. Took 10 minutes to unload 200K shares. I should really stick to long term holds. They may be boring but I make a heck of a lot more with them.
More NEWS. Doesn't look good.
Jun 08, 2007 13:45 ET
DMOI, NewMarket Technology, Inc. Agreement Expires
LAS VEGAS, NV--(Marketwire - June 8, 2007) - Diamond I, Inc. (OTCBB: DMOI), a developer of wireless gaming products, including the GS2™ wireless hand-held gaming unit and the WifiCasino™ wireless gaming system, today announced that no closing had occurred under its previously announced securities purchase agreement with NewMarket Technology, Inc. and that the agreement had expired by its terms.
About Diamond I, Inc. (www.wificasino.net)
"Voice-Print" and "Finger-Print" Technologies. Diamond I owns the rights to patent-pending voice-recognition and fingerprint biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"™, which includes the GS2™, the user-friendly wireless hand-held unit. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.
With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
Forward-Looking Statements
Certain statements contained herein may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Diamond I's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although Diamond I believes the statements are reasonable, it can give no assurance that such expectations will prove correct. Diamond I cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.
Much appreciated. Very good info.
Chart looks good. This has been the bottom several times.
Good or bad news?
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NewMarket Technology, Inc. Releases Update on Subsidiary Public Listings, Dividends, Recent Outperform Rating and $0.88 PPS Target vs. Current $0.33 PPS
Company Releases Letter to Shareholders Highlighting Continued Progress to Independently List Subsidiary Operations and Issue Dividends
DALLAS, Jun 07, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB: NMKT) CEO Philip Verges today released a letter to shareholders discussing the recent progress that has been made regarding NewMarket's independent subsidiaries and the issuance of shareholder dividends. The CEO also comments on the recent Beacon Research Analyst Report Update rating NewMarket as an "Outperform" with an increase in target price per share of $0.88 compared to the current price per share of $0.33.
Dear Fellow Shareholders:
NewMarket continues to grow dramatically and with that growth the Company is changing rapidly. Growth is always exciting and corresponding changes come with the territory. The changes are in part driving the growth and in part being driven by the growth. Either way, while changes are inevitable, and even though growth is exciting, any change can be cause for anxiety as necessary changes are implemented.
This letter is to address some of those changes and mitigate unnecessary anxiety. Shareholders can anticipate additional communications from the company to be forthcoming regarding various initiatives and progress.
On May 24, CFO Phil Rauch and I conducted a Webcast to discuss the Company's amended annual filing and first quarter results. I would like to thank everyone who watched the Webcast and for the positive feedback we received from many of you. During the call, I asked that you allow NewMarket management 7-10 business days to address NewMarket's progress regarding the status of our subsidiaries and the issuance of shareholder dividends. In this letter we will address the nearest term subsidiary and dividend activities with more information on additional subsidiary and dividend activity to follow in subsequent communications.
Status of NewMarket IP Subsidiary
As many of you know, NewMarket has started to move into earlier "concept-stage" technologies. NewMarket IP will be dedicated to acquiring and developing earlier stage concept technologies. We are currently seeking patented or patent-worthy, concept-stage technologies ready for development, but not yet ready for market deployment. In fact, we have over 20 patents in the acquisition pipeline.
NewMarket Technology recently announced signing a letter of intent agreement to acquire GreenThread, LLC, a development-stage company with patent-pending flash memory technology. The letter of intent with GreenThread is the second agreement signed by NewMarket with inventor and engineer G. R. Mohan Rao. Mr. Rao and his assembled technical team collectively have over 50 years of DRAM, SRAM, EPROM and Flash EPROM design experience, holding over 100 patents. GreenThread's CEO recently joined us on a high-tech investment trade mission to China to develop a plan of action regarding future plans between NewMarket and GreenThread.
NewMarket will directly share the return on investment potential of the earlier stage emerging technology IP with NewMarket Technology shareholders by distributing 20% of the new subsidiary to NewMarket Technology shareholders. The planned dividend distribution will be a one for one issue - issued concurrently with the completion of a reverse merger to publicly list NewMarket IP.
NewMarket and GreenThread have agreed on terms for the NewMarket acquisition of GreenThread. NewMarket has agreed to terms for the acquisition of a public entity to effect the independent public listing of GreenThread. We are finalizing the details of a plan to issue a dividend in the public entity to NewMarket shareholders. Those details include mitigating the tax impact to NewMarket shareholders resulting from a dividend issue and the registration of dividend shares. We are currently waiting on an independent valuation of the GreenThread operation in order to finalize the details on taxes and registering dividend shares.
Moving NewMarket Latin America Off the OTC
NewMarket recently completed the independent listing of its Latin American operations (OTCBB: NLAI). NewMarket's Latin American operations have experienced rapid growth and have set revenue goals of $30 million for 2007. NewMarket is currently in the process of moving NewMarket Latin America, Inc. off of the OTC to the OTCBB.
NewMarket anticipates releasing un-audited financial results for NewMarket Latin America for the second quarter of 2007 and releasing financial results in the third quarter that will include the 2006 annual results necessary to bring NewMarket Latin America compliant with the requirements to be listed on the OTCBB. Accordingly, we will immediately execute on the procedures to list NewMarket Latin America on the OTCBB after we file the required reports.
DMOI Name and Ticker Change and Dividend Schedule
As many of you know, NewMarket has executed an agreement to purchase a majority interest in Diamond I, Inc. (OTCBB: DMOI) with the intention of subsequently consolidating all NewMarket's broadband offerings into Diamond I. All the terms of the agreement were forecasted to be finalized on or about June 1, 2007. Notably, the terms included a dividend distribution of stock in a gaming subsidiary of Diamond to the shareholders of Diamond. The record date for the distribution is intended to be set in conjunction with the finalization of all terms in the purchase agreement.
The remaining issue to be finalized in order to "close" the purchase agreement involves reaching mutual agreeable terms of the NewMarket investment into Diamond I. The negotiations to reach mutually agreeable terms have been more difficult than expected, however, we remain optimistic that terms will be reached. We do not consider last minute negotiation conflicts to be unusual in many merger and acquisition transactions.
In the event that final investment terms can not be reached, NewMarket does have an alternative strategy to list its broadband assets publicly within a reasonable time frame to still be completed by the end of 2007. Again, we see no reason why final terms will not be reached, but we believe a backup plan is prudent for the timely listing of NewMarket's broadband assets. NewMarket is bringing all cash and revenue to the transaction and the only assets validated by customer contracts. We are optimistic about the potential value of Diamond's gaming assets and we acknowledge the convenience of the immediate public listing enabled by the current Diamond listing. However, we maintain a backup plan because we see no reason to mitigate the value of NewMarket's broadband assets or discount the value of NewMarket's investment in order to accelerate a public listing or to participate in the yet unproven potential of Diamond's gaming assets.
Upon reaching a mutual agreement on the investment terms, the purchase agreement will be "closed" and the record date for Diamond shareholders to be eligible to receive a dividend distribution of stock in a gaming subsidiary will be declared. The shareholder of record date will be the agreement closing date.
Beacon Equity Research Outperform Rating and $0.88 PPS Target
We are pleased to receive an "outperform" rating and increased target share price recommendation from Beacon Equity Research in light of shareholders recent frustrations.
We recognize that multiple alterations to plans, even though objectives remain the same and on target, can nevertheless be frustrating for shareholders. These adjustments are made worse by delays, regardless of whether or not the delay impacted the value of the business. The frustrations have certainly been reflected in the share price, which can only add to further frustrations.
The NewMarket share price is currently being impacted by market dynamics independent of the value of the Company. At the same time our recent alterations and delays have also impacted share price independent of the Company's value. The Beacon Equity Research Report is a timely validation of the potential for the Company's share price to increase even if market dynamics and possible future alterations and delays temporarily hamper the share price from aligning with the Company's fundamental financial value.
Thank you,
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: NewMarket Technology, Inc.
CONTACT: NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
Copyright Business Wire 2007
Did not know that. Learn something new everyday. I'll cancel it and wait for market to open. I'll be ready for the bell...thanks.
I have order in for the a.m. Hope it doesn't gap up too much so I can get in.
News coming???
We ended the day on a 911 trade. Those types of trades always make me laugh, but I decided to go back and look at the PR's and here is what I found:
Feb 8th - PR'd January revenues up 428% and it bounced to .0034
March 8th - PR'd February revenues up 1785% and it bounced to .0025
April 24th - PR'd March revenues up 1727% and we bounced to .0026
May 14th - PR'd April revenues were up 954% and it bounced to .0022
June PR ???
Bounce coming? With a positive PR I would say the odds are looking good.
Evidently this company is profitable. If you're playing the business plan, then you may get more than just a double play with a long term hold.
If you're only playing the charts, then this is probably going to bounce.
As always, JMO and GLTA!
Hard to get rid of shares with low float/volume. The ask and bid move if you blow on them. Shares are definitely tight. I expect this to move when the ad season gets here. Nobody knows about this stock yet.
Only 1/4 of them are out last time I checked. The end of the year should be huge for this company. This is only the tip of the iceburg...IMO!
I was hoping they would also have sales predictions when the audit comes out.
ETIM has sold out every order of the MLB urns. They can't make them fast enough. This is a jackpot in the making.
As always, GLTA!
Picked up 250K more...this price is insane. When I saw the drop I actually averaged up with a buy. IMO, even if it goes back down, this is still a good long-term play.
JohnIraq...it will certainly be good to hear your opinions again...you've been MIA lately. And to the both of you, thanks for all you've done for RSDS...Stayeven
Short squeeze coming?
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
BUYINS.NET: BKHM, HYTM, AVVW, NAWL, COBN Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days
Jun 06, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Bookham Inc. (NASDAQ: BKHM), Hythiam Inc. (NASDAQ: HYTM), AVVAA World Health Care Products Inc. (OTCBB: AVVW), NatureWell Inc. (OTCBB: NAWL), Continental Beverage and Nutrition Inc. (OTC: COBN). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
NatureWell Inc. (OTCBB: NAWL) engages in the research and development of healthcare products for various conditions primarily in the United States. The company markets its primary product, MIGRASPRAY, a patented over-the-counter homeopathic drug for the fast relief and prevention of the symptoms of migraine headaches. It is also developing products, such as ALLERSPRAY II, for the fast relief of allergy symptoms, without drowsiness, dry-mouth, or other side effects; PMS SPRAY to prevent and relieve the pain and symptoms of premenstrual syndrome; ARTHRISPRAY to prevent and relieve the pain and symptoms of arthritis; and ANTI-OXY SPRAY for the reduction and prevention of cerebral oxidative damage. In addition, the company has other products in various stages of development, including a natural sedative for the treatment for general aches and pains; and other treatments. Naturewell offers MIGRASPRAY product through healthcare practitioners in the United States, as well as directly to consumers over the Internet and through telephone orders. The company was incorporated in 1983 and is headquartered in San Diego, California. With 376.24 million shares outstanding and 10,300 shares declared short as of May 2007, the failure to deliver in shares of NAWL has not been resolved and a buy-in is imminent.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
CONTACT: Thomas Ronk, CEO, www.buyins.net Tel: +1 800 715 9999 e-mail: Tom@buyins.net
Is the 504 over? I've been watching this for 4 months and now seems like a good time to get in. Is everybody waiting for the 504 to end or did it end early? Just looking for a quick update. Thanks.
I had 2 sells go through as buys today. I didn't have a lot invested, only about $800, but I'm getting impatient so I'm out...hate sitting around and playing the waiting game. Maybe get back in when/if there is a dip.
As always, GLTA!
Mr. P...how many times are you going to ask the same question over and over again? This is at least the 10 times.
Not trying to be an arse, same questions over and over get quite annoying.
Evidently nobody knows.
Up 46% and running hard.
NEWS out today
Preservation Sciences Announces It Will Receive U.S. Patent No. 7,226,610 on Its Canker Kill Technology
Wednesday June 6, 9:45 am ET
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Preservation Sciences, Inc. (Pink Sheets:PSVI - News), today announced that it has received an Issue Notification from the United States Patent and Trademark Office informing the company that it will receive its first patent on its Canker Kill technology. The Patent will be given number 7,226,610. Canker Kill is an innovative product developed to treat and prevent citrus canker. Canker Kill uses safe ingredients versus some of the more harmful products on the market.
"We are excited to have our second patent, and our first patent being issued on the citrus canker technology," Mr. Gary Harrison, Chairman and Chief Executive Officer of Preservation Sciences stated. "Our company had developed over the last several years unique green technologies for different market niches. Canker Kill is one of those inventions that has a tremendous amount of interest because of the challenge to the citrus industry in Florida which has been hit hard with quarantines, canker, and hurricanes."
"We have filed additional patent applications with the United States Patent Office to protect the intellectual property of these inventions," Mr. Harrison stated.
About Preservation Sciences, Inc.
Preservation Sciences, Inc. is a company that researches and develops green technologies for the agriculture, food, beverage and industrial markets. More information about Preservation Sciences is available on the Company's Web site at www.preservationsciences.com.
CAUTIONARY NOTE: Statements contained in this press release that are not historical facts are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from the forward-looking statements contained in this release and which may affect the Company's prospects in general.
Contact:
Preservation Sciences, Inc., St. Petersburg
Gary Harrison, Chief Executive Officer, 727-526-9500
--------------------------------------------------------------------------------
Source: Preservation Sciences, Inc.
Much better L2's. Was looking pretty bad yesterday.
Short squeeze news
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
BUYINS.NET: BKHM, HYTM, AVVW, NAWL, COBN Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days
Jun 06, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Bookham Inc. (NASDAQ: BKHM), Hythiam Inc. (NASDAQ: HYTM), AVVAA World Health Care Products Inc. (OTCBB: AVVW), NatureWell Inc. (OTCBB: NAWL), Continental Beverage and Nutrition Inc. (OTC: COBN). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
I listened to the whole thing. Very informative...made me feel a bit better about my investment. It just reminded me of all of the things that AVVW has had in the works.
UPDATED CHART...bounce coming? Support has been at this level.
(I had to update the chart...lost my original link. I apologize ahead of time if it disappears...having trouble with my host site)
Mr. P, I agree with Loofman. Short term will have it's small peaks and valleys and long term depends on many different variables, such as if RSDS acquires more mines or merges with a mining company.
There are 2 things that will ignite this. A combination of a 'valuation' of the mines and an announcement that the mining has started (either by RSDS or another mining company).
I think it's time for the longs to sit back and relax. Watching every up-tick and down-tick and freaking out about it will only lead to ulcers and perhaps heart attacks for you old-timers...lol. We have URANIUM and the 504 is completed. Our day will come...just a little patience.
JMO, of course and as always, GLTA!
We finished .009 x .001 and this really doesn't have any effect on the longs...RSDS will have legs when the mining starts. I held 3/4 of my shares with this last run...wanted to sell, but you never know when this is going to pop big time on us. I have no cash left to buy more at these levels...I bought my original shares back at .0013.
This is a great level to invest in RSDS. This has been the bottom for months. Chart looks normal. Has a natural up and down pattern...beautiful to all of the flippers, which is what keeps bringing this back down. When RSDS confirms that they have started drilling, it isn't going to matter if you own shares at .001 or .0013. Everyone will make $$$.
As always, GLTA!
Don't get me wrong...I buy in b/t the b/a all of the time and sometimes on the bid if I know companies are diluting the heck out of a stock. Happy trading and GLTA!
Then buy in on the ask at .0014. You're only spending $50 more for every 500,000 shares. It is good to know that someone can sit on the bid and not get any fills. A excellent sign that no diluting is going on. I could've sat on the bid all day and potentially missed out on the next run, but I didn't...I bought in at .0014.
Someone needs to post the info. in the ibox, if possible.
Also, been trading pretty much sideways with 3 pops in there. Good to know that there's been solid support at this level.
Today's volume is almost 3x the 10 day AV. That's a good sign.
I got them. Chart is primed for a bounce. Popped 3 times from this level in the past few months.
Very sweet chart.
Put a buy in for a bit over 4M...let's see if I can get all of my shares without it upticking on me.
Everybody needs to relax just a bit. Weak hands will leave with one down-tick. Longs know what potential this stock has. It's URANIUM for goodness sake...and many of the claims are in the ibox. The 504 has ended and we're only going to go up from here.
How many times do we need to post and re-post the same info.
Look at the /A on end of REGDEX/A. These new filings are amendments, hence the /A.
As I posted a few minutes ago, its an amendment because its a new issue of the 504, same tool, same time period of 12 months. The amendment is the ever increasing dollar value which reflects the amount of money raised through the sale of securities. Just to clarify, a 'new issue' is each subsequent sale of securities under the 504 for the 12 month period allowed.
These new filings are amendments, hence the /A.
"Its an amendment because its a new issue of the 504, same tool, same time period of 12 months, the amendment is the ever increasing dollar value which reflects the amount of money raised through the sale of securities.
Just to clarify, when I say new issue, each subsequent sale of securities under 504 for the 12 month period allowed is described as a 'new issue'."
Quoted from a board member that has done reliable DD on RSDS and probably knows more than most of us combined.
The 504 is over. We all knew that last week. You must not be able to read yet...are you still in elementary school?
RSDS will start mining up to 1000 tons in July.
1000 tons is equal to 2 Million pounds.
2 Million pounds X $138 per pound = $276 Million.
The price of Uranium is projected to be well over $200 by the end of this year, meaning even more profits for RSDS.
RSDS could realistically see at least 1 penny by the end of summer.
Just playing with numbers again...nothing more.