Replies to post #3355 on NewMarket Technology (fka NWMT)

[ScovilleUnits]

Was that disclosure required?

Sneaky me's thinking you do it then disclose before the price goes up. At least the first time/buy.... :o).

[Telephonics]

Even before this news release, Phil and his family held a majority of the stock. Buying in shares on the open market although a plus really wasn't a necessary move if one understood their stck position prior to this event.But I thionk it is having a calming effect on some shareholders.

[Charleoi]

Stock buy back plan? That would imply that NMKT has set aside funds committed to buying the stock.

This is yet another promise by Phil. Let's see the SEC filings when he actually buys. Until then, this will go down as another DFTS "property dividend" or Amex listing or Xiptel spin off or $75million in revenue. Afterall, how many insiders telegraph their purchases before they buy? None. When companies set aside funds, that's a disclosable event. When insiders make personal purchases, they disclose AFTER the even (in part, to optimize their purchase price).

Besides, if he was so concerned about the everyday shareholder, why did he do a convertible loan deal to himself for 10cents per share? 40million shares of dilution, and $8million unrealized gain if converted today (conversion is at his option). Why is NMKT issuing 12million shares to "consultants" at 25 cents per share. Why have 45million shares been issued to convert debt at 25cents per share (all of which is undisclosed via 8k, as required).

I've never seen a more self-profiting, misleading CEO.