Did NMKT ever release any public statements that were or are factually false. I know many of their statements were overlay optimistic--even delusionally optimistic, but were any blatantly false? If so, can you please post?
Back when Phil Verges was making public statements in writing concerning the Diamond I aquisition, it was as I have stated back when I was a shareholder, fraud. I confirmed from outside sources that Phil Verges was not in fact making the efforts to close the deal that he was stating in his statement just before the deal deadline. In fact, I was able to confirm that the parties were hardly talking at all. He put out a rosy statement at that time that was completely false expectations and I have openly stated I consider to be fraudulent. He knows where to find me if he would like to sue.
That is a good point. PV did send out a PR around the time of the DMOI deal was supposed to close saying that everything was on target. In fact DMOI was lied too. They were supposed to get a certain amount in cash but near closing PV only offered "converts".
PV even issued revenue guidance of $10 million for a company with no revenue. What a joke! PV just wanted to hype so he could later dilute. Lucky Lofton called his bluff.
Some recent acquisitions that failed after the initial pump. These companies had time to do DD and walked away.
You had to give credit to Phil for back off that deal, as you can see the GS3 never in production, and Loflin requested cash for it, so they can take the money and run.
If the deal goes thru then NMKT will be in big black hole.
Go kiss your DMOI or Loflin's asssssssssss.
Many, many, many PR's and conference calls were designed to mislead investors. Promises of dividends, national listing, overblown revenue guidance, pumping of non-operational shells, etc. Toss a ton of paid for analyst reports that valued NMKT at $1.00 per share then PV dilutes right after he baits more people into the shares.
I'm not sure anybody really believes they are pulling $100 million in revenue. PV even said they would do $500 million in revenue by 2010, sure! LOL!
That monthly lease in China for $900 a month is a sure sign they are exaggerating revenue.