Replies to post #5160 on NewMarket Technology (fka NWMT)

[ADewji]

To all longs on this board and others, know Bashers work in groups and if you been here long enough you would know that Charleoi came from Raging Bull as this person was most probably banned from the other site.

Of course raging bull filled the spot with other bashers and they work as a team. (A fool could have figured that out).

Anyways, my point of the evening was to highlight that we are an OTC stock as Phil states many times and yes there is market cap valuation on any level of shares oustanding on other otc companies out there. GTE formerly GTEL was in this category, PTSC, XSNX and lots of other high volume otc stocks can have many shares outstanding.

If we are playing the penny stock and otc game, for me I wouldn't care if the total issued and oustanding even sits at 180M with no more dilution. The market will price the stock accordingly and most times on the otc even higher then where it should be. For example a $2 dollar NMKT with 180M I/O shares means a 360M market cap. Now that may sound high but in the otc market it is not an unreasonable achievement to make. Anywhere between $1-2 for me is great and don't know about you. But of course time will tell.

This is why I play the otc game and otherwise there would be no excitement. Lets hope NMKT can set itself apart on the OTC market first before we even venture to AMEX or another listed exchange! Cheers.

[Charleoi]

I'm here because A) a friend of mine asked me two years ago to check out a company that was recommended to him (NMKT), and B)I've been burned badly by an "ethics lite" company before. I checked out NMKT as asked, and found an ethics lite company. That's why I'm here.

Does it take much of my time? Of course not - once you have digested SEC filings etc it's only a matter of watching the story evolve. That doesn't take much time at all. For instance, I read the 10Q an saw that Phil converted his loan. No time needed to understand that.

Why do you need to understand my motive in order to decided whether or not to believe what I say? I'm not asking you to believe anything that I say. I simply point out the facts, which you should, as an investor who does due diligence, read for yourself.

The issue that I discussed yesterday was a very easy trail of facts:
- In Q3 and Q4 of 2004 Phil/VTI issued to himself (Phil/NMKT) a $5million convertible loan, of which $3.8million was outstanding as of Dec 31, 2004. It was convertible into 40million shares, or 10cents per share. That risk free convertible loan also carried interest of 8%. The disclosure of the loan was hidden in the 2004 10k.

- On April 25, 2005 Phil issued a letter to shareholders, filed in an 8k, denying that he was a beneficiary (he was addressing the convertible loan accusation).

-Shortly aftewards, he emailed a letter to telelphonics admitting to the loan, but stating that it's inconcievable for the loan to be converted.

- In Q1 2006, Phil converted part of the loan. $2million of this loan balance was converted for a profit of $5million - $10million (not including the accumulated 8% interest). The shares were converted at 23cents instead of 10cents, which was Phil's attempt to put a positive spin on this.

In summary, Phil issues himself a loan with terms grossly unfair to NMKT investors. He lies about it. Then he says that it will not be converted. Then he converts for slightly less obnoxious terms, and spins himself as a hero for leading the charge to reduce the fully diluted share count.

All of the above is hidden by a lack of disclosure by Phil and VTI on it's share transactions and balances. They refuse to file. Phil also refuses to file an 8k disclosing terms.

That's what I mean when I say "ethics lite".