This excerpt from the Oct 20, 2011 PR which was included in today's PR states Philip Verges would be selling all or a portion of his controlling interest in the company. I assume that means any Preferred/Common he may own. And, I'd say he's selling or has sold interesst in his other controlled companies. Bottom line IMO, someone else now controls NWMT and maybe his other companies. The NWMT Nevada SOS filing showing an officer update is in default and was not updated as due on Feb 29, 2012.
From the Oct 20 PR:
Mr. Verges expects to resign as Chairman and sell all or a portion of his controlling interest in order to concentrate more time on the global small and medium business financial services advocacy initiative he launched in 2010. Therefore, Mr. Verges anticipates that his resignation would occur prior to January 1st, 2012.
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