NMC Inc. (fka NMCX)

[horny_toad8]

2020sk. Answer to 4.5 Billion O/S question:

From NMCX Platinum Planet Board:
http://nmcxplatinum.proboards44.com/index.cgi


Re: Nevada Secretary of State - Corp. actions for NMC
on: Today at 12:58:23
Started by ednc_6 / Post by Bigeasy

From what I know the float is still over 500M, closer to 600M and has not changed in some time. The company, its officers/insiders are not selling and have not been dumping shares as per a call this AM. This increase to 4.5M "authorized" is true as of 1/6/05 but was instigated as an in house "control" vs. outside takeover as company progresses in growth, I am told. This has not changed the "float/outstanding shares". I am sure that advisors and legal counsel had something to do with this move. Still, I am not happy about this or the fact that this was not announced and explained to the investors. This news along with the delayed audit will not be fully balanced by the soon-to-be-released assays, though that may help some. I am afraid the PPS will continue to drop. As I intend to wait this out, that makes little difference to me, but I am sure some will cut and run, possibly further driving the price down. I suggest we sit and wait...it may be 2-3 months before we see a significant and sustained bump in PPS, barring other news. I still think these guys are going to get the audit, file with the SEC and move to OTC.BB and then NASD in the next 6-9 months.

BTW...on other points...because I have asked:
Mr. Shepard no longer answers emails on advice from counsel as he prepare the company for filing and as he was originally possibly too communicative, thus some of the emails sent by investors have gone unanswered by him directly.
The lease will not be an issue to worry about.
Payments, in cash, will start March 31st and all income to date, with the exception of the original deposit, will be shown as 2005 income.
The value of the inventory shown on the audits is the same as old because it is based on what was paid for the inventory not what it will sell for.


Each must do what best fits their financial plan/intestinal fortitude. This is still a gamble. Do your own ongoing DD....

Bigeasy