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I talked to Rick Lutz yesterday and he said it will be filed on Monday...so relax.
First, you took that totally out of context...2nd'ly, they are referring to Sarbanes Oxley, not the AMEX.
Not to be negative but I don't understand how we can be so excited about this report...I mean, the CEO just came out and said, "expect no surprises"...I realize that he meant 'negative surprises' but I mean, what are you all expecting?
7 figure profit? Ok, I'll admit, that's big news but I think your expectation that this is going to run to over a buck by Monday is misguided...
Of course, I won't complain if it does.
Sincerely,
The Voice of Reason
I talked to NMKT IR this week and they said, "...by Friday"
Whether that means tomorrow or Friday, anyone's guess...but it will happen by Friday.
You can go here to find out if they are on the REG SHO List...
It's updated everynight by midnight EST.
http://www.nasdaqtrader.com/aspx/regsho.aspx
You want an example of what I'm talking about? DLGI last year issued a press release using SINA's name...SINA was PO'ed and made DLGI issue this press release:
http://www.tmcnet.com/scripts/print-page.aspx?PagePrint=http%3A%2F%2Fwww.tmcnet.com%2Fusubmit%2F2004...
The reason you don't know the name of the client is a very common reason...Most customers, especially large ones, do not allow their names to be mentioned in press releases. Why? Companies spend 100's of millions of dollars establishing a brand and are VERY active in controlling how and where that brand occurs...
I've sold software to Boeing, Visa, Cisco and Sun and let me tell you, everyone of them, emphatically said, "do not use our name in a press release."
2ndly, do you know anything about NMKT's IP business? Apparently not. NMKT's strength is allowing companies to transition to new technology by leveraging existing technology....translation: MASSIVE COST SAVINGS!!!!!!!!
TRANSLATION #2: EXISTING TELECOMMUNICATIONS COMPANIES ARE AN IDEAL TARGET FOR THEIR SERVICES!!!!!!!!!!!
Ahhh...that's better...buh bye.
Oh god, he found us.
Even if he had heard something, he couldn't comment on it...it's considered inside information and you'll have to wait to find out with the rest of us.
I believe that it is...Telephonics is a longtime believer in NMKT and has even set up a private group on Yahoo for NMKT investors...I've known of him for a long time (at least virtually).
Your confusion on this stems from one simple question that confuses ALL of us:
"How can I borrow shares that don't exist"
It's like an existential riddle and here's the answer:
"Because some people cheat."
Additionally,
Part of the blame certainly has to be put on the OTCC who has neither the resources or inclination to verify that those shares exist before a short sale is executed.
An explanation of naked short selling:
"Short selling is defined as the selling of a security that the seller does not own and in which the seller will be able to buy the stock at a lower amount than the price they sold short. However, naked short selling is failing to borrow the necessary security, resulting in a failure to make the potential buyer a rightful owner of the company."
"...stock can be constantly sold short to drive the price of the stock down to create sell interest. This can further cause a sharp decline in the number of bids and can give the effect that the security is falling because of poor news, bad earnings, or other fundamental investment reasons. If a company needs to raise necessary capital to help finance their business by selling stock on the market, this practice can be devastating to a company looking to build its roots."
While this practice is illegal in the U.S....We have no authority over foreign exchanges...but mostly the problem is with Berlin...
Look, when you click on the profile of someone who has posted over 5000 messages against a company, that is a Resume. Those people aren't doing that for their health...they get paid by people who make 10s of thousands of dollars by naked shorting a stock...It's not a conspiracy, it's a fact.
Well, when those knuckleheads are hired by investors overseas to help drive down the price so they can naked short it...you damn well better believe they care...When you see the profile of a basher who has posted over 5000 lies about your company and it clearly affects your pps, you'd care...especially when they are trying to keep you from meeting the requirements to get to another exchange.
Absolutely, in fact, I tried to call the AMEX to get some information on the application process in general (not specifically about NMKT - cause I knew I wouldn't get anywhere) ... Those are some pretty uptight people ... so afraid they might disclose the wrong information, they just don't disclose anything or at least very little.
First of all...
Your desire to have a date when AMEX will happen is VERY much "insider information"...If people have that info either way, they could trade on it. That's why you don't and won't have that info...You can bet insiders will immediately be under a blackout period once they know...
Secondly, I don't like the OTCC either but you want the most reward? You gotta go with the riskiest place...you want a nice and comfy feeling every night? Go buy IBM.
NMKT - REG SHO Listed for Monday...
http://www.nasdaqtrader.com/aspx/regsho.aspx
Additionally, clearly, when you go from $2M to $25M in 2 years, Phil has clearly focused on the business.
Excuse me but those bashers are hired by people who make hundreds of thousands of dollars illegally manipulating a stock through false statements about a company.
I wish more companies would get aggressive about this kind of manipulation.