Replies to post #24421 on NewMarket Technology (fka NWMT)

[MaxPowerLove$Ihub]

Maybe, maybe not! NWMT is the parent company. Surely, she is undervalued...

- Go NWMT

[oltimer]

YOU COULD BE RIGHT+++

oltimer Share Wednesday, September 21, 2011 7:30:38 PM
Re: None Post # of 24422


Could it be PRPM is getting ready to take over NWMT?
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From Co. Letter



Company’s




plans for going forward. Management indicated it was developing possible alternative plans centered on what management reiterated as its belief, as disclosed in the Company’s public filings, in the yet unrealized value of the operating subsidiaries. Mr. Philip Verges indicated that he and the other founders are exploring opportunities to exit their controlling interest in conjunction with management’s efforts to develop a revised business plan. Mr. Verges explained that he was looking to dedicate more time to his efforts to develop an organization facilitating small and medium enterprise investment globally and at the same time avoid any potential perception of a conflict of interest with his ownership in NewMarket. Management pointed out the details of a go forward plan would largely depend on the expectations of a new majority shareholder in the event the current majority shareholder exits from a controlling position. Management further pointed out that a change in the majority shareholder, combined with a change in the business plan, could also result in additional changes to the current management and directors. Management, founders and directors are working to have a new direction and possibly new majority owner in place by year-end.


Bruce Noller





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