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Hudson Fulton LLC

Hudson Fulton LLC review: transparency of philip m verges' business credentials

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7:09 pm EST
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The link below has Philip Verges introducing his new company and bragging about his past business successes.
http://www.hudsonfulton.com/pvletter

Here is an excerpt from the website, "Philip's Frontier Market business development experience is built on his founding of a technology firm in 1997 that grew to over $130 million in annual sales with the majority of sales coming from Emerging and Frontier Markets."
I would like to examine Philip M Verges' recollection of his past successes.

Philip M Verges' main claim-to-fame is his flagship enterprise Newmarket Technology Inc.
Currently, Newmarket Technology Inc. stock symbol has been removed and replaced with a number (see below). Also, the abundance of zeros in the details reveals a sobering story.

[protected] NEWMARKET TECHNOLOGY INC

Last Price 0.00
Today's Change $0.00 (0.00%)
Volume 0
Bid (Size) $0.00 x0
Ask (Size) $0.00 x0
52 Week Range 0.00 - 0.00
P/E 0.00x
EPS 0.000

NEW MARKET TECHNOLOGY INC (REPORTED CLOSED)
14860 Montfort Dr Ste 210, Dallas, TX 75254
http://www.citysearch.com/profile/43043706/dallas_tx/new_market_technology_inc.html

Here is what others had to say about Newmarket Technology Inc.:
"Consider NewMarket Technology (NWMT), a company that provides a range of technology-based services. The company has total assets of $53 million, and has net current assets of $12 million. However, the company trades for just a couple of hundred thousand dollars! For a company with $100 million in sales, how can this be?"

"But upon further investigation, there may be more to this story than the idea that this is simply an undervalued stock undergoing a flurry of dilution. While the company claims to have "over 600 employees" and its "target markets are located domestically in all 50 states", it is very difficult to pinpoint from where the company runs its operations. It's impossible to reach anyone by phone at the company's headquarters, as calls to the company's two provided numbers repeatedly went unanswered! E-mail and phone requests to the company's investor relation's department were also ignored."

These quotes were extracted from the following website: Barel Karsan - Value Investing, dated, Tuesday April 13, 2010. http://www.barelkarsan.com/2010/04/avoiding-stock-market-scams.html

BANKRUPTCY
ProTek Capital, Inc. (PRPM): Phillip Verges $1million ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=...
Phillip Verges $1million "McMansion" FORECLOSED ... by a Deed of Trust dated April 28. 2006 (the "Deed of Trust"), Philip M. Verges and spouse, Heidi Fixler ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=92077844

Update by sailin
Jan 05, 2024 5:33 pm EST

The SEC has finally brought charges ( September 2023 ) against Philip M Verges and some of his cronies.

When convicted, I think a fitting sentence would be 50 years working 10 hours a day cleaning the basic training latrines at Fort Jackson, SC.

This would partially make up for the undeserving degree he received from The Military Academy ( West Point ) paid for by the United States taxpayers.

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