Replies to post #32 on NextMart, Inc (NXMR)

[Yosako]

I bought this because:

- Some major Chinese shareholders agreed to purchase a big chunk of shares at par value (aka $0.01) in October 2010 (check 10-Q). So buying $0.0011s seems like a good deal. Although they currently hold those shares, should they ever want to get out they'd better pump the stock bigtime or risk losing all their money; and amounts like $536,516 or $149,793 would actually hurt quite a bit.

NOTE 7 —STOCKHOLDERS’ EQUITY


On June 22, 2010, the Company entered into an asset acquisition agreement (the “Acquisition Agreement”) with CIGE and its sole owner and director Ms. Wang, who is also NextMart’s Chairman and CEO. Under the terms of the Acquisition Agreement, NextMart is going to acquire from CIGE the Assets (See Note 9) for an agreed price of $750,000 (the “Consideration”). NextMart paid the Consideration by issuing 75,000,000 shares of its common stock to Ms. Wang on July 8, 2010. As a result of this transaction, Ms. Wang is NextMart’s second largest shareholder with a 27.96% ownership of the company. As of December 31, 2010, subscription receivable of $750,000 was recognized due to the Company did not receive the assets from CIGE.


On October 24, 2010, the Company entered into a subscription agreement with Mr. Yang Lin under which the Company agreed to issue to Mr. Yang Lin 53,651,553 shares of its common stock at a price of $0.01 per share or a total of $536,516. On October 25, 2010 the Company received the funds from Mr.Yang Lin. The shares were issued to Mr. Yang Lin on November 17, 2010. After the transaction, Mr. Yang Lin owns 16.67% of the total issued and outstanding shares of the Company. Mr. Yang Lin used personal funds to acquire the shares of common stock.


On October 28, 2010, the Company entered into a subscription agreement with Mr. Xu Baiqun under which the Company agreed to issue to Mr. Xu Baiqun 14,979,254 shares of its common stock at a price of $0.01 per share which is a total of $149,793 or equivalent amount in RMB as determined by the Bank of China foreign exchange rate. The shares were issued to Mr. Xu Baiqun on November 17, 2010. After the transaction, Mr. Xu Baiqun owns 4.45% of the total issued and outstanding shares of the Company. On October 25, 2010 the Company received the funds from Mr. Xu Baiqun.

- The stock trades extremely thinly, float is locked down.
- Artslux products, starting with wines and spirits, are either expected to be released soon or they are already out. Since they're aimed for wealthy clients big profit margins can be expected on the sales.