READ THIS AND WEEP..WE ARE ALL TOAST
Timeless Investments is run by Hugh G. O'Neill in the Turks and Caicos Islands, where financial regulation is, let us say, rather informal. O'Neill created Timeless solely to purchase $1.5M in Series J Preferred from NewMarket. The stock is guaranteed never to lose in value and pays 8% annual interest. At todays prices, O;Neill's preferred stock can be exchanged for 75,000,000 shares of NWMT.
Green Shield is run out of a post box in Carson City, Nevada. I can't locate an owner, but the only references to Green Shield on google are for its purchase of well over $2M of NWMT Series J Preferred.
Through a shell company called ES Horizon, Verges owns 500 shares of Series K Preferred, which is magical stock that automatically expands to be worth the equivalent of 51% of all common shares outstanding. So the more shares Timeless and Green Shield dump, the more shares Verges's Special K stock is worth.
