NWMKT FINANCIAL DISVLOSURE April 2009 NewMarket traded $1.25M in debt with Green Shield Management and ES Horizon in exchange for 750 shares of Series J Preferred stock to Green Shield and 500 shares of Series K Preferred to ES Horizon. (More on ES Horizon later.) In October 2009 NWMT traded $500,000 in debt with Green Shield in exchange for 500 shares of Series J Preferred. In addition in the 3rd quarter of 2009 Green Shield exchanged 1601 shares of other series of NWMT preferred for 1601 shares of Series J Preferred. The Series J pays 8% interest, and the other series of preferred did not. So Green Shield made a very good trade at NWMT’s expense.
All told Green Shield Management owns (owned?) 2851 shares of Series J Preferred, with each share convertible to $1000 worth of NWMT common stock. At NWMT's current stock price, that's the equivalent of 72.3M shares. Keep in mind that at the end of 3rdQ 2009, there were 18.7M shares in existence, adjusted for the reverse split.Then it went 3BILLION, now another reverse split so investors will think this is an up and coming entity.
look at Green Shield Management. According to the SEC filing, the company is located at 318 N. Carson St., Suite 214, Carson City, Nevada. It turns out that that is a pretty important address. Do a Google search on the address, and you will see dozens of companies with the identical address and suite number. That's because 318 N. Carson St., Suite 214 is the home of State Agent and Transfer Syndicate, Inc., which holds the records for companies registered in Nevada.Its not an indivual office per sey.
In fact Green Shield Management doesn't appear to have conducted any business other than trade nearly $3M in NWMT debt for Series J Preferred. There isn't a single mention in Google of Green Shield other than the NWMT deals. There is no Green Shield Management website, no Green Shield news stories, in fact no telephone, just a fax number for a machine located in the office of State Agent and Transfer Syndicate, Inc.
Clearly Green Shield was set up solely for the purpose of doing the deals with NWMT. Just like Timeless Investments, Ltd. exists solely to deal with NWMT. In both cases, I assume, there was a reason to mask the true owner's other business, as with Hugh O'Neill's Outboard Investments.
So who owns Green Shield? Well, 318 N. Carson St., Suite 214 hasn't always had the most savory clients. United Funding Bancorporation, Ltd., for example, was found by the FDIC to be operating a banking business in the U.S. without authorization. Many of the companies that use the 318 N. Carson St., Suite 214 address have no other company address. So many of the companies are non-existent (as in the case of Gala Airlines), or fraudulent (e.g. United Funding Bancorporation), or run out of someone’s home. In those cases the true owner’s name and address are hidden from the public.
Some anonymous entity owns the vast majority of NewMarket stock. The amount of common stock those Series J Preferred shares can create is equal to 3.5 times the total amount of stock owned by all other shareholders combined. NWMT has done deal after deal with this shadowy company. But its identity remains a secret.
AI
