Replies to post #26191 on NewMarket Technology (fka NWMT)

[MaxPowerLove$Ihub]

I doubt that the company is buying back shares...OS & float remain almost the same...AS was raised...but doubt the co. is diluting...there is a lot of shorting here...perhaps, naked trolls as well.

- Go NWMT

[gbb777]

You mention dilution ?????? Copy and paste from the filings:


10Q For the quarterly period ended March 31, 2011

Common stock; $.001 par value; 2,000,000,000 shares authorized;

295,132,892 and 10,364,272 shares issued and outstanding

at March 31, 2011 and December 31, 2010, respectively

10Q For the quarterly period ended June 30, 2011

Common stock; $.001 par value; 300,000,000 shares authorized; (Big mistake in the filing LOL)

1,996,054,699 and 10,364,272 shares issued and outstanding

at June 30, 2011 and December 31, 2010, respectively


So to recap:

Dec 31, 2010 : 10,364,272 (This is after 2 reverse splits of 20/1 and 200/1)

March 31, 2011 : 295,132,892 ( A 30x fold dilution in 3 months)

June 30, 2011 : 1,996,054,699 ( A 200x fold dilution in 6 months and again reaching the A/S)

September 30, 2011 : NO DATA provided by the company

HOWEVER, On September 1, 2011, the holder of 51% of the voting power of NewMarket Technology, Inc. (the “Company”) acting by written consent approved an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock, par value $0.001 (the “Common Stock”), from two billion (2,000,000,000) shares to twenty billion (20,000,000,000) shares. Approval was obtained from the holder of the 500 outstanding shares of the Company's Series K Preferred Super Majority Voting Stock (the “Series K Preferred Stock”). The Series K Preferred Stock votes with the Common Stock and is deemed to represent 51% of the voting power of the Company’s stockholders.


The present number of outstanding shares is everyone's guess
My guess is about 14-16 billion, but still a guess.
Based on the number of shares before the split, this would be
60,000,000,000,000 or 60 Trillion shares
The Authorized shares (pre-split) is now a whopping 80,000,000,000,000 or 80 Trillion shares.

According to the company, that is to make strategical acquisitions, what a joke.

The company has stopped reporting since June 2011

But hey, the 0.0002's are really thin, and yeah the bad guys are shorting this POS. ROFLMAO
Anybody buying is nuts.