firecracker. It's Okay No! It's not OK. I am not upset because events don't always happen the way you expect or when you expect. Life is uncertain and things change. I am upset because NMKT shareholders are not offered any explanations when things change and we are not given progress reports on the status of important events. NMKT shareholders were told in March of 2005(see post 4394) that we would receive three stock dividends in 2005. These stock dividends were never paid to NMKT shareholders. NMKT shareholders have not been told why we didn't receive these promised dividends and we are not being given updates on the progress of paying these dividends. We are basically being told that "the check is in the mail". NMKT just continually stalls us off by constantly delaying the timetable for paying these dividends with no explanation offered. IMHO NMKT has no regard for its long time shareholders that have patiently waited for these promises to be kept. Now we can add the promise of reducing fully diluted shares to our list of delayed promises. At first it was said that this would be announced with the filing of the 10K. Then it was changed to before May 15 and now it is "we are working on it'. I for one am fed up with "we are working on it". Longtime shareholders that have endured so many delays from this company are due some explanations. Now we are being told that stock dividends will be paid over the next twelve months. Will any dividends come sooner than that? We don't know because NMKT will not give us any information regarding the progress of these dividends. I would like to know which subsidiaries have filed for stock listings, how far along is the process, are IPO's planned and when, which subsidiaries will be involved in the exchange for NMKT preferred shares, how many shares will be issued in each subsidiary, what percentage of ownership will NMKT shareholders receive in the subsidiaries etc? I am not upset because Phil makes promises and then doesn't keep them. He is enthusiastic about NMKT and gets carried away sometimes(such as predicting $500 million in revenues) I am upset because Phil offers no explanations when these things don't happen and he keeps shareholders in the dark as to what is going on. Phil thinks its Okay to make a promise and after seeing that it doesn't happen as planned to blow off shareholders by simply repeating the promise again with a new down the road timeframe ad infinitum. You simply tell them that the check is in the mail. When they call back and tell you that they didn't get their check you tell them it must have got lost and we'll send you another one in the future. "We're working on it" is the theme of New Market Technology. I believe that Phil is the best CEO I have ever seen and he is also the worst. When it comes to producing results no one can touch him. His performance has been spectacular. When it comes to doing the things to promote value in NMKT stock he has been a disaster. NMKT has very little credibility in the marketplace because they don't do what they say they're going to do IMHO. NMKT needs to be more transparent with its shareholders. They need to offer explanations when things don't happen as promised and they need to do a better job of informing shareholders about what is going on regarding vitally important issues.
