NewMarket Technology (fka NWMT)

[yerevan]

There are problems with NMKT's management. Simply doing a "mea culpa" isn't enough. Then he keeps doing what he has always been doing:issue more fluff PRs. The latest example is the APII deal which was flogged with numerous PRs only to go nowhere.

What was the point of these PRs? Did management not know whether or not the price of admission would be too high relatively early in the game (ie. outstanding warrant issues and perhaps others)?

The good thing is that it didn't go on and on and then fall of the radar screens.

There are other disagreements I have with PV: one has to do with the reasons he has advanced for not doing a reverse split. His reasons are not true. If a reverse split is done for the wrong reasons then the market will punish you for it, if you have a sound business plan (not a blizzard of fluff PRs) then you will be rewarded.

As for me I've had my fill of PV. When this stock goes near my entry price I'll be bailing out.

PV is not completely sincere and the market is suspicious of him. Another example: in one of yesterday's PRs he brags about dilution having come to an end, yet in the official 3rd quarter 10Q the need for issuing more shares to raise money is clearly stated.

Does PV really think we are a bunch of fools that will rely on his PRs rather than official filings?