Hers why PPS is still going down. a10K investment on December1 is now worth less than $100
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 millions of 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.Could it be Aubry Broewn? or the ex ceo's family?
Through a shell company called ES Horizon, the ex ceo 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 his Special K stock is worth.
The Company has authorized 10,000,000 shares of $0.001 par value preferred stock. Rights and privileges of the preferred stock are determined by the Board of Directors prior to issuance. We had 925 shares of Series C preferred, 41 shares of Series E preferred stock, 2,226 shares of Series J preferred stock, and 500 shares of Series K preferred stock issued and outstanding, at September 30, 2010.
For the three months ended September 30, 2010, we issued 451,834,896 shares of common stock pursuant to the conversion of 379 shares of Series J Convertible Preferred Stock.
In April 2009, we entered into a Debt Restructure and Equity Reorganization Comprehensive Agreement ("Debt Restructure") with GreenShield Management Company ("GreenShield"), and ES Horizon, Inc. ("ES Horizon"), a company controlled by our Chairman of the Board. Pursuant to the terms of the Debt Restructure, we issued 750 shares of the newly authorized Series J Convertible Preferred Stock to GreenShield and 500 shares of the newly authorized Series K Preferred Stock to ES Horizon.
In another of his famous im not lying or telling the truth, he is not converting ES horizons is.
LETS SEE HIS W-2 STATEMENT!
AI
