InvestorsHub Logo
Followers 73
Posts 4045
Boards Moderated 0
Alias Born 10/29/2008

Re: wilma6311 post# 313880

Thursday, 07/30/2015 12:14:32 AM

Thursday, July 30, 2015 12:14:32 AM

Post# of 326338
IMO, this does not look good in the slightest. Laura apparently has been unable to bring new financing to the table. Apparently, companies are unwilling to touch this monstrosity.

Should YA decline to extend the repayment deadline, it may be they either:

A) Intend to call a default, have Neom declare BK, and subsequently auction the patents.

B) Take neom private, and IPO them at a more appropriate time when value can be realized.

It remains possible that they may extend the deadline, however, it does not look good seeing as George O'Leary stepped down from the Board last month. Yet, if by chance an extension is granted...an r/s is likely.

I STRONGLY advise iHubbers to refrain from acquiring ANY new shares.

All of the above, JMO. I pray for an extension...

Best,
BC