NewMarket Technology (fka NWMT)

[Charleoi]

I just got back from the dinner - I think the NMKT employee-to-shareholder ratio was about 10:1 - I didn't detect any shareholders (RB types) at dinner, so perhaps it was 100:0

The good news is that I was able to get two free glasses of Chardonnay.

Anyway, some guy named Peter K was talking to Lutz and another person (seemed like an Infotel type), and asked about DFTS. the "other" person (aside from Lutz) quickly changed the topic to the Napoleanonic wars. It was very slick.

After milling around dinner, there's no doubt in my mind that this is a grand manipulation in favor of insiders. I guess I'm biased because I've read the financial statements:
- No capital equipment
- No inventory
- No R&D
- Accts Rec/Revenue ratio exploding (indicator of fraud)
- Explosion in sharecount, mostly to insiders, with no disclosure to shareholders