News Focus
News Focus
Followers 3
Posts 519
Boards Moderated 0
Alias Born 12/17/2005

Re: None

Thursday, 03/02/2006 12:09:03 PM

Thursday, March 02, 2006 12:09:03 PM

Post# of 29739
Has anything really changed in the last week? Has anything really changed for New Market in the last week? Lets look at the events of the last week and see. New Market announced that they have audited results that will attract new investors. New Market announced that they have a plan to reduce fully diluted share count. New Market announced the all cash aquisition of Unione which is now expected to add $14 million in revenues instead of the original $11 million. BTW, the $14 million figure is the actual 2005 revenues not the 2006 estimate. 2006 revenues will likely be more than $14 million and Latin American 2006 revenues will likely be well over $25 million(IMO). Phil seemed to indicate in his wallst.net interview that the AMEX listing will happen soon without a reverse split. Phil seemed to indicate that stock dividends will be coming soon when he said in the interview that the stock dividends in the subsidiaries should come before the DFTS dividend. The DFTS dividend is supposed to come by July according to the January CC. NMKT is expanding it's board and has added a former regional Federal Reserve Board Chairman. It is interesting to see that the new board member is going to China. This shows that he did not just lend his name to NMKT. He intends to be an active participant. NMKT announced that they are going to have a COO. On February 23 Phil said the audited results should be out within thirty days which is March 23. Since Phil is leaving for China on March 27 it looks like we can expect the 10k to be out by March 24 at the latest. With a CFO they should be able to get the results out sooner than last year. IMO the results are ready now, but the holdup is getting the share exchanges completed so they can reflect the new fully diluted count when they release the audited results. It looks like quite a bit has changed in the last week.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today