In March of 2005(see post #4394) Phil told NMKT shareholders that he intended to pay stock dividends in three NMKT subsidiaries by the end of 2005. In January, 2006 he told shareholders that he has a plan to pay stock dividends in NMKT subsidiaries. In February, 2006 he told shareholders that he has a plan to pay stock dividends in NMKT subsidiaries. In March, 2006 he told shareholders that he has a plan to pay stock dividends in NMKT subsidiaries. In April, 2006 he told shareholders that he plans to pay stock dividends in several NMKT subsidiaries within the next twelve months. That means the timeframe for paying these dividends has been changed from December of 2005 to April of 2007. This is a sixteen month setback in the timeframe. There has been no explanation as to the reason for this sixteen month delay or as to what is actually going on right now concerning the progress of these dividends. That is my definition of jerking people around. Who sold in the .60s has nothing to do with it. I am a long term investor. If you are good at trading good for you. That has nothing to do with the issues we are discussing. I have invested 100% of my IRA in NMKT. I intend to start selling at the end of 2006 a few thousand shares at a time for three to five years. I expect to start selling at $2.00 and to be at $5.00 in a couple of years. This would secure my retirement. Am I Crazy? Of course, but that is my choice. Since Phil chose to sell shares to the public he has an obligation to represent our interest. My concern is that this constant failure to meet goals and timelines with no explanations or information will destroy NMKT's reputation and its stock price. I think the job Phil has done in producing financial results has been incredible, but look at the stock. Results are meaningless without a good stock price. There are many, many companies out there with much worse results than NMKT and much higher stock prices. Why? Market dynamics? Give me a break. How about lack of confidence and broken promises? How about lack of information about all these planned dividends? The comments on this board show that I am not alone in how I feel. I believe there are hundreds of others out there that feel the same way, but they are not here anymore. They got tired of waiting and got disgusted and sold. Many more will continue to sell until credibility is established. I am not a Phil basher. I am just extremely frustrated because I believe Phil could fix NMKT's problems at anytime by simply opening up and giving shareholders a full account of what has happened, what is happening and what is about to happen. NMKT has become a trading vehicle for day traders and momentum players because they can't get many fools like me to hold for the long term. Most people after they are told something will happen over and over and it doesn't happen get tired of waiting and move on. I am stubborn. I keep hanging on no matter how much I get jerked around, but I am in the minority. I must admit that I hang around with increasing frustration.
