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fred500

01/10/12 11:56 AM

#26263 RE: claymolly #26245

Glad to hear the great news on your company.

I agree about the SEC never touching NWMT or Phil Verges unfortunately. Penny stocks are small potatoes to them and they are probably used to the fact that a lot of them are scams. Of course we all know at one time it was not a penny stock, and that's why we invested in it back then. Such is life though.

OK on the details of PV's finances - I never paid much attention but glad to hear he maybe isn't as well off as I thought he was. It's hard to tell with so many shells/schemes he is involved in! I do think he will remain untouched by the SEC, even though there are many out there who would like to see him behind bars (and deservedly so) for all the fraud he's been involved in!

Of course, his plans/announcements often never come true, so who knows if it is accurate what is being said by NWMT that PV's looking for an exit strategy with his 51% of the shares voting block! I might believe it when I see it actually happen, although I don't think it will make any difference at all as far as NWMT is concerned! Just another "gimmick" to make it sound like the company is moving in a new direction, as obviously the existing "direction" such that it is, hasn't produced any success or anything other than being a printing press for shares! I don't believe any of the previous financial statements by the company given what auditing firm was used and don't believe there was any real profit or operations by the company.