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Re: None

Tuesday, 08/24/2010 9:51:13 AM

Tuesday, August 24, 2010 9:51:13 AM

Post# of 48943
***Email Response from NWTT management.***
Below is the email response from the management, not mina mars. I asked about the dilution going on on 0.0003 level.


===========================

Other than the merger of Bermal (which is restricted shares) no other shares were issued by company



Regards
============

They say it's restricted shares, but asI've seen pink stock, it's very easy to release the restriction and sell to market. Assuming, the Bermal seller is selling their given shares to market, which I believe so,

They completed the purchase on 8/3 when pps was 0.0008. The 600M shares were probably given discounted between 30%~50%. This implies the Bermal seller received the shares at 0.0003~0.0005.
I've seen 930M volume since 8/3, if I assume 60% of the volume is selling from the Bermal seller' exchanged shares, 600M is very close to 60% of the total volume.

ubss MM doesn't dump on 0.0002 but they fix the selling price on 0.0003 and waits for traders to take it. I strongly believe this is their bottom profit line for shares given selling Bermal to NWTT. And there's always only one MM fixing their ask side.

If ubss ever comes down to 0.0003 again, it's buy, not sell.

I added more 0.0003 yesterday.

Jonavec, please add 1.5M more to my total, 10.5M average on 0.00039