Dear Clay. I can allmost fully relate to what you are posting.
But I sometimes get the feeling that you and others dont seem to realize that in a way Philip Verges isn't far off about the problems in the stock market in general.
There ARE way to many FTD's ( failure to deliveries) and NAKED SHORTING is effecting the whole market and espescially the smaller companies on smaller boards/listings.
Everyone wants us to believe that there is no substantial naked shorting. Well.. quess again. Its killing the economy and stockmarket , just like your house and credit crisis. (its all a part of it). the SEC PROTECTS these naked shorters who are a part of yours and our financial economy. They keep the system alive as long as it lasts and blows up in our face. AGAIN the SEC protects them. THEY SHOULD be protecting us investors.. ( ahum).
A few weeks ago suddenly the sec admitted the problem for some sectors , cause they now see that this agreement construction with these naked shorters institutions in Canada, Germany and Spain for instance are becomming dangerously close to blow up in their face.
So, believe what you want to believe, but Verges isnt lying or assuming out of nowhere. He HAS a point.
MY point and interest is in if VERGES deals with these guys too. Cause I honestly think he could do better things to attack these obstructions he allways mentions. SO MERGE with a nasdaq traded company, move to a foreign exchange. issue dividends !!
Then the naked shorters will get problems to maintain their grip.
So, is he in it?
The bashing and scamming postings I dont bother to read anymore. They dont hold any grounds.
ITs a legit company and they make 120 m $ revenue ( give or take) this year and their market cap is 25 mil at most.?????
THATS the thing that doesnt make sense.
The results are ok this Q2.
And again for a 24 -25m$ market cap company their great.
So somewhere something is being done with the SP. its not natural. its fixed by some institutions like Knight Industries
You could remove Phil but then NMKT is finished cause Phil is NMKT. its his dream. and it wont take the NS away.
What I do agree too, is he should do more for the SP and he shouldnt make over estimations in the 1st place.
THAT only gives more bait/food to these NS bastards.
This is stock that will eventually moves in big leaps up, if NMKT eventually grows bigger and bigger
