What would it take to make me happy? What kind of PR from NMKT would I like to see. Here is an example of the kind of PR I would like to see issued. The facts are all fictional of course because I have no idea what is going on because Phil won't tell us. NMKT announced today the progress that is being made concerning the payment of stock dividends in their subsidiaries. The company said they had planned to issue these dividends in 2005, but the process was delayed because the applications with the OTC.BB took a little longer than expected and the plan to exchange shares of NMKT common shares into shares of the subsidiaries also delayed the process. On February 10, 2006 NMKT Systems Integration, New Market China and Xiptel all applied for listing to the OTC.BB. The process is expected to take around ninety days. Once the applications have been approved we intend to conduct IPO's in all three companies. Some shares of each company will be issued in exchange for NMKT debt and convertible preferred shares. Then stock dividends will be declared in all three subsidiaries. We are targeting June or July for the announcement of these dividends. Our plan to switch our convertible preferred shares over to the subsidiaries is on track. Several preferred holders have elected to convert to NMKT common stock and several will be converting to shares of the subsidiaries. The $4 million VTI loan will be converted to a $2 million non-convertible loan at 8% interest due in 2010 and the other $2 million will be converted to shares in each of the three new stocks and some shares in New Market Latin America. None of the VTI loan will be convertible into NMKT common shares. We expect these conversions to be accomplished as soon as the three subsidiaries receive their OTC.BB approvals. The American Stock Exchange has informed us that we now meet all requirements for listing on the AMEX except the $2 share minimum. We have appealed the $2 share minimum requirement and the AMEX says they will give us a final answer within thirty days. If the AMEX insists on a $2 minimum we will wait until our stock reaches that level. With improving financial results, stock dividends in four subsidiaries(including DFTS) and a reduction in fully diluted shares we believe that we can achieve a $2 stock price by year end. We have ruled out any consideration of a reverse split. We will continue to keep you up to date on the progress of these important events. If there are any changes in circumstances or time delays we will let you know you know right away. ------- Would you have confidence in a CEO that spoke frankly and kept you up to date like that? I sure would. IMHO NMKT stock has underperformed because of two things: 1)the issuing of new shares that get dumped on the market 2) disgusted investors that give up and dump because of broken promises, constant delays and lack of information. It is difficult to keep investors for long periods of time. If you want to keep investors you must keep them happy and comfortable with their investment by keeping them informed.
