NewMarket Technology (fka NWMT)

[countrmike]

Yes, what people do not understand that Verges is printing shares for trade payables and preferred conversions. DEBT is converted into equity (preferreds); preferred shareholders short sale the commons (98 days on reg sho) and cover by Verges converting the preferreds. It is never ending; just a way of Verges not showing alot of debt. This process churns so fast that nwmt cannot get off the reg sho and next thing one knows the AS is maxed out; time for a RS.

Now after the RS Verges has a low floater and can show the pretty little Chinese financials so the churning continues. Some people cannot figure out why this oinker trades so low................

lOOK AT THE 3 YEAR WEEKLY chart. Ouch

The Chinese certainly are not going to give Verges any cash. They have very strict rules about sending money out of the country.