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i have always told the truth. exceo lost his grip and making others pay
closer to 50 million shares. call and find out.oh wait you cant
$6000 payday for the exceo
Top ten reasons this PPS is going down
1. exceo selling shares
2. no proof of any business deals
3. refusal to meet publicaly with shareholders
4. Hugh Oneill
5. $160 million contract never materialized
6. No proof of functioning China office
7. Accounting firm questionable at best
8. misleading PR's
9. no one at Main office above secretary level
10. transfer agent not allowed to give O/S count
$6200 payday today for the exceo
PPS down today. strong pressure down!
they do not allow the transfer agent to tell share holders what the total O?S is. call and ask I did.
they convert the preferred shares to common and sell them. thats why he hides the O/S count.
EXCEOs payday today $32,000
Hers the trick. let the pps go up a 10th of a cent. people buy in the rest of the day and then the next A.M. and then sell more stock. PPS goes down. third time in a week.
Call the SEC if you want to have your say to them
David Rosenfeld 212 336 0153
The Sec just busted Christopher Wheeler for pumping companies he was paid to promote
Will he ever face us publicly? Just a sheister hiding behind false words and promises.
Will he ever face us publicly? Just a sheister hiding behind false words and promises.
Just honesty. but hes so far in deep he cant get out.
From the exceo's letter to shareholders, January 25, 2010:
"Mr. Noller has been a vital member of the NewMarket team for 10 years. He is most recently responsible for the rollout of NewMarket's Outsourcing and Managed Services business line accounting for approximately $100 million in new contracts signed over the last twelve months"
$36M of this $100M is supposed to be a 5-year contract from a Chinese company with $1M in annual sales. Who are you kidding?What happened to the $160 million order?
"NewMarket's vision is to build a business globally recognized for continuously introducing new technologies to new markets around the world."
But don't you describe yourself as a reseller of technology from companies like Microsoft? Is there a single new technology NewMarket has ever introduced? Given that your annual research budget is $0, it's kind of a stretch, don't you think? What new product has ever been listed on their website? APPLE!!!
"We have managed to build an operation with approximately $100 million in annual revenue coming from China, Southeast Asia, South America and now Africa."
Your last accountant was found guilty by the SEC of fraudulent practices and barred from auditing companies filing reports with the SEC. The accountant before that was also found guilty of fraudulent practices. How can an investor be sure that the $100M in sales isn't a fiction?What bank has the $4 million?
"My family and the Company's founding investor remain as the majority shareholder. I have a very vested interest in the long-term success of NewMarket." What about the white knight? Hugh O'Neill?
YOU are the company's founding investor. Your common shares are now worth only $46,000. The only reason you can call yourself a "majority shareholder" is that you created a special Series K Preferred stock that has the magical ability to be worth 51% of the common shares outstanding, regardless of how many million shares you create.
"NewMarket will always need to sustain the entrepreneurial spirit required to find and work with the garage and kitchen table inventors creating the next generation of technology."
Wait a minute. NewMarket's annual research budget is $0. What "kitchen table inventors" are you talking about? Has there EVER been a new technology that NewMarket has presented to the world? Ever?
"I am enthusiastic about my new role and equally enthusiastic about Bruce Noller's ability to lead NewMarket into the next stage of growth."
Your clone Bruce Noller is having a "summit" in South America with the CEO of Worldwide Strategies. Worldwide Strategies is a shell company without a single operational unit, no revenues, no prospects, and a CEO who is unable to read your teleprompter. Why does this make you "enthusiastic"?
$28,000.00 pay day today for exceo and cronies
Follow the money and greed
On October 14, 2009, NewMarket engaged in a debt restructuring with Timeless Investments, Ltd. and Green Shield Management. (More on Green Shield later.) NWMT retired $1,500,000 in debt with Timeless in exchange for 1500 shares of NWMT Series J Preferred stock. Each share of the Series J Preferred can be converted to $1000 of NWMT common stock, regardless of how high or low the stock price is. The preferred shares also pay 8% interest per year.
So Timeless Investments bought the right to buy $1.5M in NWMT stock At the current price of $0.04 per share, that's 37,500,000 shares. Considering that at the end of 3Q 2009 there were 18.66M common shares in existence, Timeless bought the right to triple the number of outstanding shares.
So Timeless Investments, an entity that is never talked about on this message board, is pretty important to NWMT's future. I did some research on Timeless, and here is what I found.
Timeless is located in the Turks and Caicos Islands in the British West Indies. It is owned by lawyer and investor Hugh G. O'Neill. It appears as though Mr. O'Neill set up Timeless for the sole purpose of doing the NewMarket deal and perhaps distancing the deal from his primary investment company Outboard Investments.
Here is what wiki,answers,com says about Mr. O'Neill's Outboard: "Outboard is domiciled in the Turks and Caicos islands. Primarily engaged in convertible debenture financing of struggling penny cap investments. Also known as death spiral financing. . . . General observation is that once they move in on a stock, mayhem to the share price soon follows."
On the day the deal was signed, NWMT stock closed at $0.39. Since Mr. O;Neill took control of the J Preferred, the common stock has fallen 90%. This kind of deal is called "death spiral financing" for a reason. Timeless's Series J Preferred stock can NEVER lose its value, because each share of preferred buys $1000 worth of NWMT common, regardless of how low the stock goes.
When the stock was going down day after day after day, it was almost certainly O'Neill converting his preferred shares and unloading the common. With so many shares at his disposal, he could easily manipulate the price up or down to maximize his conversion rates and selling prices.
If and when the 2009 annual report comes out, it will show that the number of common shares outstanding has skyrocketed. By the way the auditor for NewMarket's 2008 report was found guilty by the SEC of doing fraudulent audits and has been barred from auditing companies that report to the SEC. That's why I say "if and when."
The provision is what makes the Series J Preferred something called a "death spiral."
Here's how it works. Owners of the preferred can only exchange their shares at one time so that the amount of common they hold can not equal more than 4.99%.
So ask yourself: if you wanted to exchange enough preferred stock to equal, for example, 500% of the current number of shares outstanding, what would you do? The answer is simple. Exchange one block of preferred, then sell the common shares. Exchange another group of preferred, then sell the common shares. Over and over and over and over again. That's why these are called death spiral shares. The price of the common is driven down over and over again. Look at the chart.
This is really elementary stuff, and if you don't understand it, you lose
I have owned it for that long. I flipped it several times. Didnt own kit past $.80. When it went back down to $.50 and $.40 I started buying again. This ironically is when the problems started.
To the best of my knowledge the following sequence of events happened and he lost control.Not perfectly chronilogical
As the Co. started to get bigger he got greedy. He got to big to fast.He did not have the capacity to run a Co. of this size, but his greed and arrogance overrided his intelligence. He started making deals that were questionalble at best. One example, he paid $50K to a man for a Co. that did not exist.DTFS is another fiasco. He ended up having to write off other incredibly stupid and short sighted purchases. He started to think he was just one deal away and was bullet proof. The CFO he hired, and finances are the base of any co, does not even have a Masters Degree in Accounting. ( It is also why I paid my CFO more than I paid myself) These guys are invaluable. Well, after that, they started being late for their filings. Because they were still profitable, in a day to day sense, Shorts saw them as an easy target. He actually went to the Isle of white and tried to sue the very hedge funds he would later do business with. he went around the country and the world telling everyone how great he was. He even wrote a "WHITE PAPER" for South Africa, and dropped JFK's name in a report on DALLAS. Clueless at best. Then things really started to unravel. He made an incredibly stupid deal with a hedge fund. They loaned him $7 million. He screwed that up royally, see my posts on that subject. He then realized he was burning through cash at such a high rate that he panicked, again. Instead of pulling back the reins, as any basic level CEO would do, he tried to outspend his debt. He did a reverse split as he was using his stock to pay off debts he diod not have the cash for because of his arrogance. The revers split sent the I/) dopwn to 13 million and now it is at 298 million, in less than a year.( you should watch the video where he is fliritng with two girls in a fake interview and cant remeber his stocks symbol) He started comparing himself to FDR, JFK, and Peggy Noonan,and saying he was in it for a higher purposes. All the while buying two lavish homes, flying all over the world, and throwing lavish parties and paying for people to say his stock should be higher. He then fell behind in his filings and got delisted in both NLAI and partially delisted to the pinks in NWMT. The NLAI fiasco is particularly interesting as he bought another shell with out realizing(SEE HIS CFO) that he would have to update all their financials. They got totally delisted. Thats when he really panicked. He cut a deal with Hugh Oneil, and of course himself, that pretty much assured the Co. was going to crash. Death spiral financing they call it. Now that he has royally screwed shareholders of ewver getting theior money back he is cl;aiming that OTC stocks dont reflect their Company's financials. There is more if you listen to his webcats or read my past posts. he blames everyone for his failures except himself.As the stock market plummeted he said his PPS was going down because of the market. The he di a reverse split that he promised he wouldnt do. Meanwhile he pays himself close to $500K a year, plus interest on a loan that can never be paid off taking over a loan that was being paid off. No one is at the main office in Dallas and his GREEDFIELD program is just a front for him stashing away preferred shares in those companies also he can maintain his profit at the expense of others.What he doesnt say, and he is an expert at this is type of not lying but not telling the truth that two o f the GREEDFIELD partners balked at his outragous demands and dropped out.
under .003 11 million shares. thats gotta hurt! short squeeze. right!
You say you want proof ? Well here is where the exceo uses NVAE public money in exchange 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 philip verges):
http://nvsos.gov/sosentitysearch/CorpSea...
Would you like to see a small portion of the web of companies he is using to perpetuate his scam? try following these:
http://www.corporationwiki.com/graphs/ro...
it is illegal to report false revenues! but, if you can get your auditor to substantiate it, then the auditor/accountant assumes some risk! the exceo used to have Pollard Kelley audit all of his scam 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 scams, Hamilton PC.you know the wine tasting teacher and husband working out of their house with no listed bussiness phone number
need proof that the exceo used crooked auditors? here you go:
http://pcaobus.org/Inspections/Reports/D...
it ain't looking too good for the new auditor. remember the 8K that said the exceo 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 novel 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 the company doesn't need and has never even used.
Then you look at liabilities and it shows $90,000 for salaries.
Funny, since his 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.
but the games continue. he still makes $250K from NWMT AND he has the preferred shares and interest. bringing his total package to over $500K a year while we lose every day! now you know why the PPS goes down and he has to sell shares every day to pay his salaries which count as revenue. you sick to your stomach yet?
the financial losses are nothing compared to your health. prayed every day for you and your family and countrymen. god bless. clay
By now you have seen the dozens, possibly hundreds, of press releases featuring NewMarket's Greenfield Partnerships. The first company to join with NewMarket in this partnership was the "global mobile computing technology business," NuMobile. It's quite an interesting company.
James D. Tilton, Jr. started the company in 1999 as Thoroughbred Interests, Inc., a company that bought, sold, and raced thoroughbred horses. Tilton's own background wasn't exactly in racing. He was a stockbroker who spent two years working in financing start-ups. It was his stockbroker background that served him well in selling shares in his company to the public.
Tilton took a very personal interest in his company. In fact, he was its only employee. For many years his title was, believe it or not, Chairman, President, Secretary, Chief Executive Officer, Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer. He is also the entire board of directors, and, yes, directors (sic) receive an annual salary.
The company's annual report states, "The premises housing our executive and administrative office are owned by James D. Tilton, Jr." In fact he works out of his apartment at 2520 South Third Street, Suite 230 in Louisville, Kentucky. That's the address for the Reynolds Lofts Condos, a residential building where, according to rental information available on the web, rentals cost $1100 a month. Tilton then turns around and charges the company $1500 a month in office rental.
In 2003 the horse-trading business folded, but that didn’t stop James D. Tilton. A few months later he changed the company name to Phoenix Interests and started a new line of business--online wagering on horse races. Three years later that business also collapsed. (You can see how all this vast experience would set him up to be an international expert in global mobile computing technology.) Along the way he ran into trouble with the SEC for trying to get by classifying his company a “Business Development Company,” when it wasn’t.
Between 2006 and 2009, Phoenix Interests had no operations. But Tilton still gave himself a salary and the board of director still met and got paid.
Then something magical happened. In June 2009 the “board of director” authorized an increase in the number of common shares from 31.2 million to five BILLION. In July 2009 the empty shell that was Phoenix Interests changed its name to NuMobile and became Philip Verges’s first Greenfield Partner. In the following months NuMobile purchased two small software companies in the business of mobile network security—Stonewall Networks and Enhance Network Communications. Just how “high-tech” these companies are is debatable. The two companies combined spent just $7000 in R&D in 2009.
You might be thinking that James D. Tilton, Jr. owns NuMobile. But you would be wrong. Read on!
Who is James Tilton?
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 Verges 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 the exceo, 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?
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED FEBRUARY 14, 2011 Really, you are buying this?
SEA-TIGER, INC.
860,891 Shares of Common Stock
Selling stockholders will offer their respective shares at a fixed price of $0.10 per share until our common shares are quoted on the Over-the-Counter Bulletin Board.
SEA-Tiger, Inc. (the “Company”) is the parent company of Infotel Technologies (PTE) Ltd. (“Infotel”), a Singapore-based information technology company formed in 1984.
The Company shares the space for its headquarters in Louisville, Kentucky, with NuMobile, Inc. and Savanna East Africa, Inc. The Company’s sole officer and director, James D, Tilton, Jr., also serves as NuMobile, Inc.’s sole officer and director and as Savanna East Africa, Inc.’s chief operating officer. The Company pays monthly rent of $500, under a month-to-month arrangement. The aggregate rent for the space, under a month-to-month, lease, is $1300 (of which the Company pays $500, as noted above). The Company is not party to any written agreement with respect to this arrangement.
SEA Tiger was formed by NewMarket as a greenfield partner to raise capital for business ventures in Vietnam (Trade mission 2010).
SEA Tiger acquired Infotel from NewMarket (In 2003, NewMarket acquired Infotel Technologies located in Singapore). NewMarket was given class B shares of SEA Tiger, which gives NewMarket %51 voting power equivalence of SEA Tiger common shares.
IT IS AN APARTMENT. HIS OWN APT.
It is an apartment, he lives in it.
its down to .038 . what a scam. how could any sane person not be outrqgeed
Shareholder vists CCTR in China.
Found on Yahoo Message Boards.
“I am in China right now. Try to locate their operation in China, I went to the price they had address in Shanghai, I could not find the office.
It looks like a residential area for me.
Anyway, If anyone could find their telephone number or address, please posted here.
I will be in China for another month. Would like to find what is PV's 100 million operation in China really all about.
Invested over 30K on CCTR/New Market. I still have the stocks, but there are worth less then $1 combines.
I will spend my money and make sure this scam go to jail.”
MY REPLY:
johnsonts,
Booyahs!!!
The address I have is: Shanghai Office
2F No. 123 Qinjiang Rd.Shanghai, 200233, P.R. China
“Since you are there maybe a call to Investor Relations at, (214) 722-3060, will provide the information you need. Since your are in China they may want you to talk with Dr. James Jiang,President and Chief Executive Officer of the Company. I am pretty sure they he will want to hook you up with a guided tour and roll out the red carpet.
I understand the phones are pretty busy and sometimes it is difficult to get through. The email for Investor Relations at China Crescent Enterprises, Inc.
is: ir@chinacrescent.com
This is very exciting actually having a shareholder in China. I hope you have sufficient time to visit all their holdings and regale your fellow shareholders with detailed information of your findings.
Please keep us informed of your "progress.
I will keep searching for additional information that may be beneficial for your quest. Thank you!”
Defense Technology Systems, Inc. (DFTS.PK)
Russell Medina has been Chief Executive Officer, President and Director of Defense Technology Systems Inc. since November 3, 2005. Mr. Medina was a retired career Army Officer and graduate of the United States Military Academy at West Point, N.Y.
HMMM SEE THE PATTERN????????
Here is a "12-Step Recipe" to making lots of money!
1. Create shell companies in Nevada;Thats why lawsuits in Dallas are not going anywhere.
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 or companies);
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;keep preferred shares for you and your cronies
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.;mislead that you are part of the solution by dropping names of people or organizations you join but are npot a priority.
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;don't admit ever its your fault.
12. hire people to pump the PPS or bash the long time investors who have lost money.
13. When the price gets too low, issue press releases blaming al 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 but 4000 to 1 works even better) 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. Now THAT's how you make $$$!
LOOK AT THE DATE!! this is how you get tsken by this guyKenya: China Crescent Builds WiMAX Network
August 28, 2009!!!!!!!!!! LOOK AND LEARN
WiMAX Communication Tower
China Crescent Enterprises announced this week to begin construction of their first project in Africa, and are starting the expansion of operations on the continent by setting up a WiMAX (802.16E) network in Kenya.
WiMAX is an acronym that stands for ‘Worldwide Interoperability for Microwave Access’ and provides wireless transmission of data via various transmission modes, from point-to-multipoint links to portable and fully mobile internet access. WiMAX provides up to 3 Mbit/s broadband speed without the need for cables and is ideal to connect both urban and rural communities at low costs.
For roll-out of their wireless WiMAX network, China Crescent is using equipment exclusively from Huawei Technologies, who has played a key role in Kenya’s mobile network infrastructure for the last 10 years and services mainstream mobile operators such as Vodacom, Orange, Telkom, MTN, Millicom, Celtel and Safaricom.
Huawei has had exceptional growth in the region since it began business in 1998 in Kenya and currently has 13 branches across 39 countries in the Sub-Saharan Africa Region, and its headquarters of East Africa is in Kenya, from where Huawei is serving other countries including Kenya, Uganda, Tanzania, Congo, and Ethiopia with GSM, CDMA, WCDMA, NGN, optical networks and other data solutions.
Throughout the first six months of 2009, China Crescent reported US$17 million in revenue and an over 200% net income increase. The company has forecasted profitable revenue of $40 million in 2009. Headquartered in the USA, China Crescent has its main operations in Shanghai and Beijing.
lower the PPS the more shares he sells. if you think otherwise you will lose
anybody buing retail in last 45 days has lost money, actually,l;ast three years, except him and his cronies
too small and out of country business. but he knows that already. hes greedy, selfish, arrogant, deceitful, petty, mean, and diluted, but not unaware of how to play the game
Steady decline just as i said. You all lost money from the time he did the R/S. hes selling stock every day and probably counting salaries as income. the pps has to go down. he increase the o/s count every day.
Hey Herbie, Let us know how you and the family are doing. thanks. clay
i did the same thing. lost $200K this is a beauty
Dear Fellow Shareholders,
Summer has come to an end and NewMarket is heading into its historically busiest season. Over the past three years, the second half of the year has accounted for 37% more of our annual sales than the first half of the year on average. Significantly, we anticipate a better than average performance in the second half of this year. In the past, as summer ends and investors come back to work, NewMarket management goes out on the road to present the Company's latest corporate developments and business plan to the investment community. With the recent progress achieved by NewMarket over the summer, this year's fall road shows will emphasize the Company's substantial growth in revenue and profitability attained in the emerging markets arena.
The purpose of my letter today is to provide shareholders with a preview of NewMarket 's communication strategy for the fall and to highlight the Company's realized performance milestones to be featured in the fall communication campaign. Additionally, I have included some insight into the Company's trading activity over the year that may be of interest.
Going Forward Communication Strategy
History of Milestone Announcements: Over the last five years, NewMarket has erred on the side of over-communication. Five years ago, the Company had only $1 million in annual sales and most aspects of the Company's business plan were just that – a plan. Accordingly, our communication strategy was to extensively explain and re-explain our business plan to our shareholders and potential investors. One approach was to outline the company's planned milestones. As we fulfilled those corporate goals and forecasts along the way, we announced the milestones in a manner that demonstrated how the milestone fit into our plan and demonstrated the potential of our plan.
$1 Million vs. $100 Million: Until now, our communication strategy has changed very little. However, the Company is on track to achieve $100 million in annual sales this year. The investment community's performance expectations of a $100 million in annual sales company differs from those of a $1 million in annual sales company. The outlining of future milestones to explain our business strategy is no longer effective. The planned milestones of a developing business model have a certain degree of unpredictability. The investment community is more understanding of a $1 million company missing a planned milestone date than a $100 million company.
How Milestones can be a Problem: While future milestones can provide an effective illustration of an aspect of a business plan yet to be developed, at $100 million in annual revenue, the Company is held to a higher standard of achieving milestones within certain timeframe expectations. NewMarket has used subsidiary independent public listing and shareholder dividend milestones to articulate a key aspect of the Company's business plan still in development. However, we have not achieved all the independent listing and dividend distribution goals within previously anticipated timeframes. The benefit of communicating the milestone to explain a developing aspect of the business plan has been neutralized by not delivering all milestones with the anticipated timeframe. Less Milestones; More Performance: NewMarket can do better. The Company has many exciting aspects of its business plan yet to be fully realized. However, the Company also has equally as many exciting aspects of its business plan that have been realized and continue to demonstrate ongoing performance. Our "going forward" communication strategy will continue to include aspects of our business plan yet to be fully realized, but will do so with a more careful approach to setting time frame expectations. In the meantime, the "going forward" communication strategy will emphasize those aspects of the business plan that have been realized and continue to demonstrate ongoing performance.
Realized Milestones and Continued Performance Highlights:
NMKT is on track to book revenue of $55 Million to $60 Million in the last two quarters of 2007.
Third Quarter financials expected to be released by November 15
NewMarket Latin America, Inc. (NLAI) on track to book revenue of $20 Million in 2007 (NMKT has a 90% equity interest in NLAI)
NewMarket China, Inc. (NMCH) on track to book revenue of $40 Million in 2007 (NMKT has a 60% equity interest in NMCH)
Fall Performance Highlights – Featuring Emerging Market Success
Awards: Having achieved almost 8000% growth in revenue over five years, NewMarket has been nominated for a number of nationally recognized business performance awards again this year. Over 60% of NewMarket 's revenue comes from some of the world's leading emerging markets including China and Brazil , often referenced as part of the BRIC development block ( Brazil , Russia , India and China ). NewMarket has enjoyed the recognition of a number of business performance awards over the last few years and expects a strong showing again this year. We are attending a number of awards banquets over the next two months and anticipate corresponding announcements that will feature the Company's revenue and net income growth.
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market conferences this fall to feature the Company's experience in China and South America . The conference venues are well recognized and, again, we anticipate corresponding announcements that will feature NewMarket 's emerging market successes.
Recent Contracts: NewMarket has had tremendous success with its emerging market strategy which has resulted in a number of notable and significant contracts. As we begin work on these recent contracts, we also anticipate related announcements regarding the contracts with details dependent on client permissions. A recent highlight demonstrating the Company's emerging market progress is the very successful completion of our Latin American Project with the Academy for Educational Development (AED) and the United States Agency for International Development (USAID). Much information regarding the project is available from our website (see Project LAC on our homepage). The Latin American Project has generated a number of substantial follow-on projects to be announced before the end of the year as the new projects kick off.
Fundamental Financial Performance and Share Price
Stellar Financial Results: Over the past five years, NewMarket has continued to produce stellar financial results, but has experienced periodic share price volatility that has resulted in a less than awe inspiring share price and market capitalization. Many of these share price low points have been during the summer time as the trading volume on the OTCBB as a whole declines. As we end the summer of 2007, we are experiencing just such a low, even though NewMarket just reported 30% revenue growth in the 2nd quarter 2007 compared to the same period last year with 26% net income growth. Taking revenue seasonality into account, we are on track for $100 million in profitable revenue compared to our $77.6 million in 2006 revenue with over $5 million in net income. Another way of looking at our growth expectations for the end of this year is that we are on track to report revenue of $60 million over the next two quarters. We continue to have a backlog of business that could take us to as high as $120 million in revenue in 2007. ood News: Though our current price is low, our volume weighted average price (VWAP) is over 10 cents higher than our current share price. Seventy-five percent (75%) of NMKT's trading volume year to date has been over $0.35.
Average Weighted PPS year to date is $0.37
184 million shares have traded year to date
138 million shares have traded above $0.35 (75% of total shares traded)
46 million have traded below $0.35 (25% of total shares traded)
Issued and Outstanding is 200 Million (Total YTD trading equals 92% of the I/O)
Total Trading Activity in dollars is $67 Million
Total trading activity in dollars above $0.35 PPS is $54 million
Total trading activity in dollars below $0.35 PPS is $14 million
78% of total trading activity in dollars has been above $0.35
* Detailed analysis on daily stock price and volume is available upon request to ir@newmarkettechnology.com
Long-Term Potential: Amex-listed companies in our industry trade at a Price to Sales ratio of better than 1 times (1X) revenue and NASDAQ listed companies in our industry trade at a Price to Sales Ratio of almost 4 times (4X) revenue. NewMarket is driving toward an upgraded listing in the future, at which time, in my opinion, we have the potential to see a valuation far above the current price. Available upon request is a spread sheet that demonstrates the comparative undervaluation of the company based largely on our OTCBB listing.
I thank you for the time and attention you have committed to reading my letter. I hope the information here has been of value. I encourage you to email us with any further questions and comments you may have at ir@newmarkettechnology.com. I thank you for your ongoing support of NewMarket 's vision and on behalf of all the employees at NewMarket , I express our collective commitment to deliver on all aspects of NewMarket 's business plan.
exceo selling stock every day
when does this pincher play happen?ok we are all on record. w
Sco. New bet.Will sock reach 2 cents before triple 000's?
he will not allow the transfer agent to release the count. Call and try to get it. We all have, and failed.
Down to $.005 with more excuses and shameful PR's
Hey Sco, would you please post that over on yahoo. The posters there would appreciate a new voice to this horrendous beat down of trusting investors. The lies are just mind boggling.