JP, hope you feel better. As you know i have the utmost respect for your opinions and I know you know this stock better than anyone. I still hold 2 million shares, but I did take a little off the table at .4 to protect my principal and rebought at .31 or so (i originally bought in at .07). But I am majorly concerned right now (and here comes some ranting), specifically with Chas 6 million share registered to sell. I mean, am I supposed to believe that we know something that Chas doesn't? We believe the stock is heading to 1 dollar but he thinks it makes sense to sell 6 million shares below .40? And those who've stated that Chas's timing is unfortunate have it backwards- Chas's timing was perfect. Neomedia announced a 5 billion share authorization, and Chas registers to dump 6 million shares. We should have all done the same thing, right? I mean, Chas is the chairman, he certainly knows when it's time to sell, right? Hmmm.
JP, I know you have a lot of respect for Neom's management, but how am I supposed to trust them right now? They are building a supercompany- but are they going to sacrifice the current shareholders in the process? Authorize 5 billion shares, buy up all these other companies, then reverse split and slowly over a year or two build up revenues to support a nice reissue of options for themselves? I simply don't accept management's apology for this level of dilution in the face of Chas's massive share sale. He is protecting himself. Shouldn't we?
This is a very frightening place we're in. JP, we both watched CYPT run from .07 to 1.75 and back to .18. All because we trusted management and it turned out they were not being entirely open.
I need some guidance from Neom, and soon, or I'm going to pull a Chas. If he doesn't believe that the stock is going up, why should I? And if he does, why sell now? Repairs on his house (isn't that what someone said was the board's response?) You mean to tell me that he thought it was better to sell his neom stock than get a loan? What does that tell me about where he sees this stock price going?
Okay, enough ranting. Listen, Neom has some really impressive potential, and an incredible roster of companies that it's just swalllowed up. But unless someone is really waiting in the wings to buy em up, it looks more and more like they are going to lead us longs to slaughter and build a supercompany out of our corpses.
(okay, i'm not that negative, or i wouldn't still have 2 million shares. But I do need some serious reassurance from management, and fast).
best,
Joe
