NewMarket Technology (fka NWMT)

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Longs,
I for one think it was a good thing Phil converted the VTI loan at least part of it. He has a bundle of stock, he deserved something for the sale of VTI. I may be wrong but his family owned part of that. He may need money he has only been making 60K a year till this years raise.

The over hang may have been an impediment to getting on the AMEX so that would have had to be done. He can now claim ownership of that stock. As he said in his e-mail to Telephonics it was a poison pill strategy to guard against a looming takeover attempt, he maintains the leverage in the number of shares. If he had waited till the price ran up he would not have received as many shares therefore not as effective a deterrent. JMO also posted on RB