NewMarket Technology (fka NWMT)

[DigiTech]

"you people" are not confused

$77M is no longer a start up. $120M even less and $500M certainly not.

I am very familiar with the working of a Board and the relationship with the CEO (been there, done that). I would agree that a CEO can make the Board a rubber stamp Board in a small company but if a CEO wants to get his company to $500M of revenue then he will need a very strong Board. A Board that will give unfiltered comments about the strategy and the activities of the company. A Board that can also bring contacts that the company could not have access to in the normal course of business. In particular for large contracts and relationship with financial institutions.
Also do not forget that the Board has a legal fiduciary responsibility and a good Board member will remind the CEO of that fact and will keep the CEO from making potentially damaging commitments to shareholders.
The point is that it is time for the company to upgrade its Board so they can behave like a real 100 or 200M revenue company.

BG