Replies to post #3122 on NewMarket Technology (fka NWMT)

[Telephonics]

Why don't you telephone Verges and ask him directly. Otherwise, you can go to the SEC Edgar web site and read the appropriate company report that details the acqujisition.

[Streetrod34]

SBC357

I suggest you visit the Raging Bull Board for NMKT and look at the recent posts from poster MY02CENTS. He has done some outstanding DD about Augustine. It's worth your while to check it out. Good luck!

[Charleoi]

SBC - here are the fundamentals:

-2002 IPVO was a company with no products or services, and ugly balance sheet (a penny stock manipulation that hit the skids)
-Augustine Capital, the penny stock manipulation firm, was a large shareholder at the time
- IPVO "Management" (who was essentially dormant by then) bought Vergetech for $3.3million by issuing a convertible note issued to owners of Vergetech...VTI.
-The day that the deal closed, the officers (2 or 3) resigned. IPVO had no other employees or business (other than Vergetech).
- Phil proceeds to maintain himself as the only officer, and issues Augustine nice convertible loan deals (one at 14% interest, another at 22% interest). Phil also bought two sketchy companies, neither of which we have heard from since.

So, the net of this is that Augustine has dormant management buy Vergetech for a heft sum...and Phil comes in as the new leader of the IPVO. Augustine then rides the gravy train.

That get's us to the Innoprise situation, followed by the 40million share issue. Let me know when you want to proceed