Quote:
Originally Posted by Stock_Analyzer
DALLAS, TX--(MARKET WIRE)--May 1, 2008 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News) today released a letter to shareholders from CEO John T. Verges. The letter highlights the Company's meteoric growth to $40 million in 2007 revenue and financial performance over the past five quarters since the Company's reorganization. The letter goes on to discuss how the current share price performance has not yet reflected the Company's fundamental financial performance.
Operational Performance Not Yet Reflected in Otherwise Low Share Price
The letter provides thoughtful internal analysis on share price performance potential. The purpose of the letter is to provide ongoing insight to shareholders and investors in regard to management's ongoing commitment to the Company's vision while current market performance is not necessarily conveying fundamental financial progress. The CEO's intention is to open a dialogue with shareholders and investors on the relationship between operational performance and share price performance.
To receive a copy of the letter in its entirety contact the Company at ir@newmarketchina.com or 214-722-3065. |
There is part of me that would like to see this letter and its explanation for how the company's share price dropped to 25% of its value since Jan/2007 in spite of revenue growth and reorganization
I do agree that the company is recently showing some good performance. However a look at the P&F chart shows a lot of hurdles before one can say there is a turnaround.
