NewMarket Technology (fka NWMT)

[firecracker070445]

At this point where the dilution came from is not the important issue. We have 141M shares outstanding and thats what matters. Phil has promised to lower the fully diluted count when he issues first quarter results. He must now put up or shut up. If there are still a lot of preferred shares that haven't been converted then they will still be counted as part of the fully diluted and Phil will not be able to reduce the fully diluted. If the fully diluted count drops then we will know that most of the preferreds have been converted. I am not interested in where the 141M shares came from. I am interested in how many more shares are still out there? There really isn't much difference if shares get converted from debt or preferred shares because either way you are converting shares in exchange for money that was borrowed to fund growth. If you know of a specific case where debt was converted that was never on the books please give us the facts that back that up. Tell us how many shares were converted at what price and when. Give us some proof that these shares were not on the books.