NewMarket Technology (fka NWMT)

[starfire]

Numbercruncher and Pete,..here is the link. It was published in the 10Q of 15 May, 2003.
"
Item 4 Submission of Matters to a Vote of Security Holders.
-----------------------------------------------------------

On June 19, 2002 a majority of the holders of our common stock approved an
amendment to our Articles of Incorporation to increase the number of shares of
our common stock that we are authorized to issue to 300,000,000 shares. . Prior
to this amendment we were authorized to issue 100,000,000 shares of common
stock.

"

http://www.sec.gov/Archives/edgar/data/1092083/000117898703000008/ipvo10q051503.txt

I do agree with you that EPS is not impressive at all but then what do you expect from a company that experiencing losses most of the year due to expnasion from domestic company to that of a GLOBAL player expescially in 2 of the highest growth economies, China & Latin America.

Here is my take:
A company grows thru severel stages:
1. Inception -
2. Pilots & customer References, medium growth
3. High Growth
4. Slowing Growth & milking the Cash Cow
5. Decline

I believe NMKT is in end of Phase 2 or somehwere there abouts. Anyways during phase 1 & 2 EPS is not a reliable measure of value or performance. Revenue & number of customers are reliable measures. During phase 3 $ 4 all of them are valid as well reliable performance measures i.e # customers & type, revenue and EPS.

Anyways from my perspective it is a buy uptil a $1, but of course if one is expecting a 10 bagger then it is time to be in! The momentum is picking up. Just my 2 cents.

Good Luck to all