Replies to post #1548 on NewMarket Technology (fka NWMT)

[number cruncher]

mypointz, what you are referring to is the shareholders approving an amendment allowing the company to increase the number of authorized shares to 300 million. The company (NMKT) chose not to implement that amendment until recently (somewhere between 9/04 and 12/04).

All along, (except for the 2004 10K) the 10Q's and 10Ks have indicated that the number of authorized shares was 100 million. During that time - NMKT knew that it had the right to increase the number of authorized shares to 300 mill but chose not to. It was sometime between 9/04 and 12/04 that NMKT's management chose to increase the number of authorized shares to 300 million, based on the ammendment that was approved by shareholders in 6/02.

Once agin, mypointz, my intent was not to bash NMKT - it was to offer a reality check since many (most?) longs tend to be biased towards a company's success to the point that certain valid negative points my be unintentionally overlooked. I was just trying to comment on NMKT's poor share price performance in light of it's performance over the past 2 years. I have been saddened by NMKT's continued focus on 'Revenues'(as opposed to EPS), their sloppy PR dept (and now 10K dept)and their lack of transparency when it comes to their subsidiaries. As we approach $100 million in revenues, I feel we, as shareholders, need to know where they are headed, what their weak links are and what their strengths are. I feel we have been left out of the loop by management. When I talked to IR about why NMKT didn't offer any details about the finances of the individual subsidiaries, they said it was due to people's egos!! What a lame answer. I have invested in other OTC stocks which have 2-3 subsidiaries/divisions and the company reports the financial status and progress of each division in each of their reports (10Q/10K).

WE are on the verge of moving to the AMEX. Like I said before, once we get on the AMEX, we will have to live upto higher standards because prospective investors will compare us with other companies on the AMEX. Sloppy PRs, lack of guidance, lack of transparency will not do. JMO.

I appreciate your comments mypointz, deashus and others. I think these boards should be a forum for discussion; constructive criticism should never be looked upon as bashing just as valid praises canot be called pumping!

- NC