Deashus, unfortunately it is you who is wrong. I am ashamed of you - you follow what Rick Lutz says as the gospel truth without trying to verify it yourself.
Take a look at NMKT's 3rd Qtr (2004) 10-QSB - I have provided a link so as to make the task easier for you since you couldn't take the effort to look at it yourself.
Within the link, take a look at page F-2 and you'll find the following:
STOCKHOLDERS EQUITY Senior convertible preferred stock, $0.001 par value, authorized 10,000,000 shares; Series A, 100: Series B, 0 and 503: Series C 3,300; Series D 550; Series E 2,000 and Series F 3,000 and 0 issued and outstanding shares
Common stock, $0.001 par value, authorized 100,000,000 shares; 69,445,397 and 50,934,786 issued and outstanding shares
So you see it is Rick Lutz that was mistaken. To call someone blindsided without confirming data for yourself is indeed a lapse of good judgement.
The reason I'm posting this in defense of Azpete0 is because I posted the same information (increase in A/S from 100 mill to 300 mill) in one of my prior posts (# 1503). And lastly, as I pointed out in my prior posts, unless NMKT gives EPS/Profit guidance for the next year, it's share-price is by NO MEANS CHEAP!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.