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Hey Cloud!
I liked '21' a lot. I think Spacey was awesome. It was different than BDTH but still fun, and it did great. They are filming Accidental Billionares as we speak, it's being shot in boston right now.
Go neom. Good day, waiting a long time for this settlement.
best
Joe
JP, congrats to you and everyone here.
I've been watching quietly a long time as well (with 5 million shares i bought at a penny, so yay).
I think we can go very far from here.
Best
Joe Dimaggio
Yes cloud, i agree, was pretty hard to pull the trigger back in '05 even when i knew the stock was on a downslide. But that's the way it goes; there's still plenty of upside here, even at just a double or triple, if you're willing to gamble. I personally think the share count- and the amount of shares that can suddenly go to market via cornell or the old subs or the exitting officers- will keep a cap on how high this can go; but a dime is certainly possible, even at 2 billion shares out, which is more than there is now by a long shot, IMO.
OT: the new book is another true story, this time about a kid who gets into the wild world of high stakes oil trading; then he ends up in dubai, partnering with a young muslim, to bring an oil exchange to the middle east. it's a wild ride from NY to Dubai, lots of cool stories about oil, etc. I'll be on Fox Business Network's morning show tomorrow between 8 and 9 am, and the CNBC Power Lunch tomorrow at around 12:30. Then on Jim Rome's radio show on Thursday at 10 am west coast time. Then Fox Business afternoon on Friday, and possibly Opie and Anthony as well. If only Neom had my publicist!:))
best
Joe
Hello all,
Haven't felt the urge to post in quite some time, but I think the recent news of the neoreader is a great step, finally, in the right direction.
Although i sold a large portion of my shares on the way down, i've repurchased a nice solid couple million in the .02 to .03 range; because of the overwhelming share load and Cornell's track history with companies like this, i no longer believe it's possible to retread to the .40's, but a dime is, imo, possible, and a .05 cent rise is, IMO, even likely. This product is great for pr purposes, and i foresee this being picked up over the next couple of months by major tech news sources.
Anyway, good to see something positive finally being pr'd. Certainly, the old management screwed us old timer shareholders royally, and i try not to think about how much money i could have made had i sold in the .5 range. I try only to think about how much money i can make from here by a nice double or triple. I do think the new management team will be much more careful in the future, and i don't foresee any psychotic buying sprees upcoming. I do see a few nice pr's involving neoreader and it's usage, about potential partners and carriers, and info from ctia. All of that should put us back above a nickel. Just my opinion.
Best to all,
Joe
ps (my new book, Rigged, hits the stands tomorrow! Sorry, shameless plug :))
Nice day! Great movement. And congrats to the 12snap folks who made about 2.5 million today in paper profits on their neom shares.
I really think we are undervalued by about a dime right now. I'm hoping over the next two weeks the share price comes in line with the potential, as demonstrated by the nytimes article and the CC. Thanks for everyone who posted the details of the CC. Sounds like the folks at neom were honest and open about the situation, and there's no reason we can't move forward from here. My main concern was the conversation about the possibilities of a future r/s. Hopefully, the stock price will be much higher before they even consider that possibility. IMO, there's no reason to do so anytime soon (as they themselves stated), and i'd def sell my shares if i thought that was coming. But for the moment, we are doing great. Good couple of days. Should consider throughout april, IMO.
BEst,
Joe
Someone seems to be buying, and buying hard.
It's up to Neom management to wow us now, with the cc. The 10q is out of the way, we know the bad news, now it's time to hear the good news. I'd like more info on the 12snap sale, and what it means for the 200 million shars that were supposed to be paid out for the 12snap acquisition- and the remaining 6 mill we still owe.
After digesting the 10q, the good news that i see is first, cornell is not letting neom go down the tubes. They will continue to come up with the cash necessary to keep neom going. Second, the acquisitions seem to have been dealt with. it was utterly expensive and painful, but that part of our lives is over. Third, neom seems to have clear goals over the next year that involve pushing qode in the us, europe, and china. Gavitech is a fantastic company, and IMO will eventually be valued in the 100 to 200 million range alone.
The dilution is crazy, but that doesn't change the fact that IMO, even with the losses and current state of affairs, neom should be valued in the 200 to 300 million range right now, based on qode and gavitech alone. Even if dilution reaches the 1.5 billion range, that should put the stock price above 14 cents.
if anyone can post notes from the cc, that would be wonderful, as i will be on an airplane during the call. TIA!
bEst,
Joe
Well, having read the 10q, it seems extremely unhealthy, to say the least. Will have to wait for the CC so Fritz can explain the direction we are now heading, and how we will recover from such losses and the unbelievable year we've had. In the 10q they are saying cash flow profitable by first quarter 08; would love to hear how they hope to make this happen, and not just that they are pursuing verticals.
The 12snap business is beyond abysmal. By my reading, they bought 12snap for 20 million or so 6 months ago and are now selling 12snap for 1.1 million; they've given away 200 million shares of stock, still owe 6 million dollars on the deal, and get nothing out of it except for a 10 percent stake that they themselves seem to value at 750 grand or so. Add that to the gavitech deal, which they essentially had to buy twice to take care of the .39 guarantee, and the mobot situation (which ended up being the cheapest of the mistakes they made), and their efforts over the past year seem utterly ludicrous.
The NY times piece was great, but the company is in dire straits. I don't believe, IMO, they are able to sell the paint company for anything reasonable, or they would have already. I think we've got hundreds of millions of shares waiting to flow onto the market on any pr or perceived good news. I think we owe a ton of money still to make good on the acquisitions and we don't get anything out of any of them. And the cornell situation continues, even worse, as we owe more and more.
To come out of this, we need qode to really become significant in the next few months. The NY times piece helped a lot in that direction. Still, at best, I'm not sure i could value our company above 200 million in my mind, with such massive losses and owing so much. With almost 900 million shares already listed int he 10q, and what seems to me to be another half a billion still to come, i'm just hoping we return to a dime pps.
Would love to see some good news coming out tomorrow to save our asses.
Best
Joe
Nice to see that the 8k didn't adversely effect the pps. Probably for two reasons, IMO. First off, the only people reading this 8k were those of us who watch neom daily- and none of us are selling at this point, that's been established by the low volume since TS left. Second, we're all expecting 12snap to be sold off; hopefully for enough to cover the 6 million dollars neom still owes the company, and with enough left over to solve any remaining cash flow issues for the rest of the year. The problem will be that those 200 million plus more shares will flood the market after the summer, unless neom management finds a way to either buy them back (not bloody likely, considering the way management has treated dilution thus far), or somehow change the settlement after a sale of 12snap goes through.
In any event, I'm guessing we will have a share count over 1 billion by the end of this summer. Our main hope, at this point,is a partner that will raise our value to cover that new share level. It's going to be very hard to see this pps rise much without a major partner joining in.
Best to all,
Joe
Paradigm, though I agree that the past few months have been abysmal, and that management has made major mistakes that have cost many of us a fortune, i wholeheartedly disagree with your assessment of this board and the DD that has been done here, as well as the role many of neom's "cheerleaders" have taken.
For two full years the "cheerleaders" provided DD on neom and its many ventures as the stock rode from .07 to .70- while bashers continued to bash, telling everyone to sell at .1, at .2, at .3, at .4, at .5, at .6. They bashers were absolutely wrong at every step of the way. Then the stock peaked at .7, and began its ride back down. It was the "cheerleaders" turn to be wrong, at .6, at .5, at .4, at .3, at .2, at .1, and at .05. Many, many, many of us bought in along the ride up; others bought in along the ride down. Some of us sold along the way up, others along the way down.
The only constant, in fact, has been the enormous amount of DD that a few bright, well read individuals have placed on this board, simply to help educated those of us who don't have time to fully research the mobile marketing arena. Those who provide DD are, in fact, the only ones who deserve zero blame and full respect.
In hindsight, it seems that the bashers were utterly incorrect for two years as the stock rode from .07 to .70, and the cheerleadres were utterly incorrect as the stock dropped from .70 to .04. Neither party has been entirely right, and neither party has been entirely wrong. The DD provided to this board, however, has made us all more knowledgeable, and that is the purpose of this board, isn't it?
Anyway, those of us who still hold shares do so because we believe in the tech, and pray that management's new vision will somehow raise the stock price. I do agree that management needs to show the current shareholders that we are not simply here to fund their restructuring- at the expense of our share value. However, this is a bet that I am taking, fully aware of the dangers on either side. This stock rose once before, it can do so again; the dilution issues put a cap on where it can go, but .30 in six months would still put many of us back on top. With a few good pieces of news and well functioning pr campaign, that seems very doable.
Best
Joe
Well, the reason i'm not emailing them but posting here is because I don't simply want a reply email explaining that things are getting going and that it's just going to take time. I want the response to be in a public pr so that it effects the stock price. Of course, without TS and his followers I'm not confident that any pr could reach enough investors to significantly raise the pps right now; we still need a new champion in the form of a newsletter or analyst, but at least a pr campaign would start the ball rolling.
best
Joe
Of course, an 85 million purchase of Neom's IP like the Dans deal would put the share price at about .12, but hey, at the moment .12 doesn't look so bad!
I agree that a class act. lawsuit against neom for the screwups of the past year is the last thing we need, but I still say it is absurd that what's left of management still seems to be operating in a silent vacuum here. I mean, they fire their CEO and COO, come out with a shareholders letter basically saying that the events of the past two years were one big and costly mistake, sorry, too bad about all the money you all lost but we're gonna reprice our options and start over, we are going to restructure and sell off the pieces and hire a new CEO- and then, silence??? We need weekly updates, IMO. We need to know that things are moving forward. We deserve to know what's going on as much as we can.
Is the turnaround specialist authorized to submit pr's? Or does that all have to go through our acting CEO. Because I certainly have some concern that the man shepharding our pps at the moment is the same man who was selling a million shares at .25 right after authorizing 5 billion new shares. I want the turnaround specialist in charge of the pps and our pr's. And I want to hear from him every week in a sharholder letter until this stock is back at .39. I don't think that's asking too much, considering that it's us who paid for the turnaround specialist.
Sorry to sound so negative again, but i am still apalled that this month has gone by with no new news concerning everything that neom is trying to do. I mean, it's just sad that the best thing we can hope for right now seems to be a sale of 12snap at a huge loss in terms of stock and cash, just to cover a purchase price; i mean, we're selling the thing we purchased to only partially pay off what we purchased it for?? I don't want to see a lawsuit either, but I do understand the sentiment.
Anyway, here's hoping that management is reading this board and responds with something.
BEst
Joe
Don't get me wrong; I've still got 2 million shares (down from 3.5) praying we will survive the current situation and thrive over 2007. And i've just reread the last letter to shareholders, as well as the 8k agreement with our turnaround specialist (who, by the way, took his last customer from a share price of .25 to 1.50 in 6 months), and I do like what i've read. It seems like the shareletter is basically saying our pps targets over the next year are from .125 to .20 or so, as well as getting us to profitability within the same period. Although not anywhere near the heady predictions and hopes that drove us from .07 to .70 last year (hell, let's be honest, that was TS created and unlikely to happen twice, we've already burned enough crazy speculative stock buyers to have another runup like that), i'd be happy with 5 times our pps within 6-10 months. However, i think we need more frequent updates on progress to make any of this happen. Certainly, we need to know where we stand with the paint and 12snap situations, and with our London launch.
I'm still the same hesitant long as before, i'm just annoyed that management has let yet another potential ball drop into scanbuy's hands. That pp sure would have been worth his 300k, hell, they could have taken it out of my losses :)
best
Joe
Absolutely; there's plenty of money to be made, and tons of room, even in packaging, for a number of players. Qode should certainly be one of those players. I just hope they move sooner rather than later, as we current shareholders are getting crushed while Neom reorganizes. I'd love to just turn away for a year and then come back to see where we stand, but unfortunately I believe my investment may not survive that long without some serious action from Neom's management over the next two or three months.
I believe we are due for some news, here. Hoping to see something this week.
Best
Joe
YJ, I would be thrilled with a settlement that involved royalties going forward, or any other form of future partnership.
Best,
Joe
Let's hope so. The first step, IMO, would be a huge pr, maybe rehashing the Newscorp deal, with some quotes from Newscorp saying essentially the same thing Dupont has said about Scanbuy. Wouldn't take much to put such a pr together, and would be a nice gesture to help the pps.
best
Joe
YJ, you are correct, the Dupont deal is simply a pr, at the moment, in the continuing war of PRs between the players in this space. However, this is exactly the PR that I expected from Neom, and that is what has ticked me off to this degree. It is the PR that we would have had, if Neom hadn't run itself into the ground over the past year. And yes, it isn't much on its own; no indication of revenues, etc, etc, but to me, it speaks volumes re the lawsuit and the competition between Qode and other systems. I really feel that Neom needs to put out a pr, very quickly, indicating its own successes here, or they will have no means of negotiation with brands or vertical players to get Qode into use. Everyone in this space is going to be looking at Scanbuy, and they aren't going to be simply comparing the tech (a comparison which I believe qode wins), but comparing the companies/services behind that tech. That's where Qode sorely loses. Brands will be afraid of contracting, for years, with a company that has no clear future. Same goes for capital, in the form of big gorilla investors. I'm afraid that big Gorillas will see this dupont/scanbuy deal as an indication of how the tech competition will eventually play out.
I'm not all gloom and doom; i still think Neom can crawl out of this hole, but not if they don't start NOW with PR's. They don't have six months to find a CEO, get some deals in the works, etc. In six months, Scanbuy and others will clearly dominate this space, and leave qode in the dust.
I don't think it's as simpe as hold-em or fold-em. That would have been the proper strategy six months ago, when neom management authorized 5 billion shares and while the founder was selling his own shares into the dwindling market. Now, for me anyway, it's time to hold what's left and pray that neom makes that hail mary pass.
Best
Joe
JP, I truly hope you are correct re a settlement; however, I have trouble believing that such a thing could have happened without the volume or pps rising. And indeed, if the PP works for Scanbuy, which I also believe, his blog wouldn't be preaching this continuing Scanbuy VS Neomedia saga if Scanbuy had indeed been forced to settle with Neomedia to get this Dupont deal. He wouldn't be shouting from the rooftops how Scanbuy is trouncing Neom if a few days later it was goign to be announced that Scanbuy had to settle with Neom. I think it's much more likely that either Dupont doesn't see the Neom lawsuit as a serious threat, or that they assume it will be years before the suit comes to fruition, and if Neom somehow survives that long, Scanbuy will simply pay them off at that point.
I do agree this is a very big space. Billions of dollars will be made in this sort of packaging; and I also like Qode; but again, if I were a brand, I wouldn't be contracting with Neom until i had proof that Neom was going to be around in a couple of years. I'd choose Scanbuy simply because it is, at the moment, the company more likely to succeed.
Best
Joe
YJ, I believe the major brands will chose the technology that seems most likely to succeed; at the moment, that is clearly Scanbuy. Neomedia needs to show that Qode is the better system- but until they sign a major deal akin to the Dupont one, they are definitely going to be second choice. And considering the fact that Neom is floundering financially, with no CEO, major brands will be very leery to sign major, forward looking deals; heck, nobody's buying the stock at .046 (i mean, look at this volume! With 600 million shares outstanding we haven't even broken half a mill? That's 25k?), because of fear that the company won't make it through the month, let alone the few years it will take before this tech comes to full fruition.
I mean seriously, if you were a major brand and had to chose between Scanbuy's tech, which Dupont has called the best, which has got venture capital backing and a first rate CEO, and Qode, which is owned by a company with no CEO, huge financial problems, spiral death-financing, and no track record at all, which would you choose?
At the moment, we're putting our eggs in the law suit basket; but this suit will take a long time, and IMO there are no indications that it's causing Scanbuy any problems at all.
Neom needs to show, immediately, that this company isn't sinking; i really hope they can do that, but at the moment, they haven't shown any ability to do so. I know their restructuring is going to take time; the problem is, we don't have any time. Scanbuy will outposition qode in a matter of months, which seems to be their strategy. If this continues, by the time the lawsuit works itself out, Neom will be dead and gone, Scanbuy will be a part of microsoft, and we shareholders will be left with nothing.
Neom needs to reverse this course, right away. We need a flurry of major pr's about deals completed and pending, follow ups on Newscorp, autopaint, Triton, 12snap, our CEO search, our deals with One Water, Nokia, etc, hell, throw in Amazon, Prentice Hall, Gavitech, whatever! Just get this ball rollling fast!
best
Joe
I really think what's left of Neom's management needs to address this, immediately, with a pr indicating something good is indeed going on for Neom; at the very least, give us some indication why we should continue to hold Neom stock when Scanbuy's product has essentially just been named the better tech/system? This should have been Qode's deal to make. If I were a google or a microsoft, I certainly wouldn't be looking to buy Neom, i'd be looking to buy Scanbuy. If Scanbuy will indeed be paying a licensing fee to Neom, then that would be fine- but again, the pps and the volume indicate that this is highly unlikely. More likely, Scanbuy will continue forward, working around Neom's IP for the next few years, while Neom attempts to sue. Scanbuy has the venture capital backing, and now a major partnership with Dupont- and they also have a first rate CEO. What have we got? Tell us, Neomedia management, in a pr; tell us what we have?
I do believe that much of this has transpired because of the shadowy situation that occured between neom and the PP; which also led to TS damning the stock price (and I don't believe he will be back, not after the mess that ensued, the collapse of the deals with the subs, etc, but nonetheless, here we sit. Losing out to the company we were supposed to bury. Quite dramatic, to say the least!
best,
Joe
JP, as always I appreciate your knowledge and optimism (which is sorely needed here, my friend, so please don't ever get so bogged down in this land of bashers that you stop being one of the few specks of light in this darkness), but I have trouble seeing this as a sign of settlement, with our volume and pps so low; it seems more likely to me that scanbuy has been working on this dupont deal for some time (perhaps a year or more), and Dupont has simply somehow been convinced that Scanbuy's system is the most advanced, ready to use, and that the suit with Neom will somehow be a non-issue. If anything, this seems to indicate the exact opposite re the lawsuit; that Scanbuy and Dupont do not fear that Neom's suit will have any bearing on the future of Scanbuy. If we were on the verge of a settlement, wouldn't the pps and volume reflect that? And haven't we been trying to make just such a deal with Dupont for two years? Didn't we have a relationship with them through autopaint?
Best,
Joe
Scanbuy and Dupont: First off, this seems a perfect illustration of how terrible Neomedia has managed itself over the past two years, and how well Scanbuy has pushed forward in the same timespan. Two years ago, it seemed likely that neomedia would eventually partner with Dupont on this exact same technology and use; now it's scanbuy signing the deal and neomedia is floundering, to say the least.
No doubt, Dupont would not have done this deal without having some level of confidence that either the lawsuit with neom is going to be settled amicably for scanbuy (either with scanbuy licensing the tech/patent use from neom, or with scanbuy winning outright, which seems unlikely in the near future), but the volume and share price of neom does not seem to indicate that any such settlement is near.
I really believe management needs to put out another letter and explain their progress re the last letter; where do we stand with our sales of autopaint, triton, 12snap? Where do we stand with our London "launch" through Newscorp and One Water?
I'm a depressed long with plenty of shares, but I will say this; if i had the choice right now to invest in Neom or Scanbuy, I'd be nuts to chose Neom. Scanbuy is doing exactly what we (the longs) believed Neom was doing two years ago. Instead, Neom was committing an ugly, expensive brand of suicide.
Come on, management, throw us a bone. All of your problems will be solved if you get the pps back above .30 cents. Hell, one good pr campaign involving the words "microsoft" and "neomedia" would do the job- although at this point, that's about the only thing that will save us.
Best
Joe
I hope you are right re TS; it would be a great help to our restructuring if he were to bless us once again with his following. I agree that the new direction- which really is actually the old directoin, what we were doing before management went nuts and went on that buying spree- is the correct path. However, IMO, the selling of the subs other than gavitech will not change the dilution situation in the short term, as that money will basically go to cover what is owed because of the horrific buying spree, to feed cornell's ravenous appetite, and to pay off other costs associated with last year's ugly, self-destructive path. It will take major new deals to right this ship, and even the new "management" has stated, in the last pr, that those deals, though being pursued, are not likely to happen in 2007 (otherwise we'd see profitability much sooner than 1q 2008). I'd like to believe they're just underplaying it, but that hasn't been my experience with this- or any- penny stock. If anything, they are overstating their confidence that they can achieve profitability in a year.
On the good side, i do think Cornell has decided not to let this company disintegrate, and will keep feeding us the necessary cash to avoid bankruptcy. I also think .04 is about the floor, and we should return to .06 or .07 on the sales of the paint company and Triton (though i also think neither are worth anywhere near what the previous management believed. Really, i think we'll return to the 7 cent company i first bought into, a company with a great set of patents and an idea- now called qode- that could be worth 250 million bucks. Sadly, with the new dilution, that would put a cap on the eventual pps in the .34 range, but that's a whole hell of a lot better than where we are now.
best
Joe
Yes, i'm still around. I'm taking a wait and see approach at the moment as I can't even begin to try and figure out what Neom is doing. Former management truly screwed the pooch with this stock and for the pps to recover in the short term, IMO, it's going to take a real hail-mary pass. The mistakes of the past year are utterly staggering, but i haven't entirely written off Neom yet. I had to lighten my position a bit, but still have 2 million shares waiting for some sort of light. I don't expect much for the next 6 to 8 months, tho, as the abysmal decisions of the past year will yield disastrous 10qs for most of this year, IMO. Revenues are going to be way down without the subs, costs way up as we try and pay off the subs, dilution ugly for the same reason, and so on. The Scanbuy win will come, IMO, but not for a year or more based on the way the legal system works. And qode will slowly get adapted in Europe and Asia, but revenue from that will be slow to come in. I believe this is a great long term hold but i have no expectations in the short term. Then again, when i bought neom in the first place at 7 cents i had no expectations in the short term. Then TS jumped in and pushed us all the way to .70. Then management went psycho and spent a hundred million dollars they didn't have on crappy companies they didn't need. The price went from .70 back to .12. Then TS dumped the company, and we tailspun to .046.
Let's do it all over again, eh? TS, where are you?
best
Joe
Yes, I do still believe that the pps needs to move upward; the pps is at the root of their financial problems, and if they could prop the stock price up, all of the issues regarding the remaining subs, and even dilution, fade away. However, it's a chicken in the egg at the moment; they can't get the pps up because of dilution, and they can't get the dilution down because of the pps. That being said, the best thing they can do, at the moment, is raise cash by whatever means necessary, restructure so that cash flow becomes positive, and roll out qode as soon as they can. IMO, these things are exactly what they are doing. The pps will eventually, hopefully, follow.
Yes, we have many more shares now then when i first bought in. I also have many more shares now, and am not looking for the same pps as I was when i first bought in. The dilition will certainly be an issue; hopefully, they can find ways, over the next year, to bring the shares down, not up. Again, this will hinge on the pps rising due to qode news, them being able to buy cornell out of those debentures, and an equity partner coming in somehow. Also the scanbuy situation ending, gavitech being cleared up, etc.
At 150 million shares I believed that a buck fifty pps was possible. At 600 million shares, i am looking for .60 cents or so. I've increased my share position correspondingly. I certainly never expected that we'd be in the situation we are in- as i did not expect the micropaint purchase, or the subs; howerver, I remain long on the stock, especially considering management's movements over the past few weeks. I'd like to see some powerful pr's over the next month, a new cheerleader ala TS, and we'll be back in good shape. It's obvious, from today's pr, that cornell isn't letting us go under; with that concern out of the way, there's no reason, IMO, that the pps shouldn't eventually go up.
best,
Joe
To resummarize, IMO, this is finally becoming the company that I wanted it to be when i first bought into it at .07 many years ago. A company focused entirely on Qode (paperclick, at the time), launching in Europe, Asia, and eventually the US.
The auto paint stuff and the purchase of the subs took many of us longs by surprise when they happened, because we had bought into Neom for paperclick and only for paperclick; now those costly distractions are gone or going, and the individuals in management who were responsible for those costly mistakes are gone as well. We are refocused, restructuring, and re-emerging. Two or three years have gone by in the process- and the stock has spiralled up and down- but we are right back where we began- except now, Qode is available on many phones, we have News Corp involved, we've got inroads into China, and we've got Gavitech (hopefully). I believe it was a good buy at .07 cents then, and an even better buy at .055 cents now.
best
Joe
IMO, things are definitely looking up for neom; the news today seems all good, despite the knee-jerk negative posts on the board this morning. Neom got a desperately needed infusion of cash, and also indicated the means with which they will, indeed, eventually get rid of Cornell (IMO, buying back those shares are indeed their goal). They needed money fast, and with the debt they already owed cornell, there was really only one place they could go. They seem to be continuing on the restructuring path at full speed; once they've sealed up gavitech, got a new CEO in place, and turned cash-flow positive (which, IMO, seems very possible now that they've gotten rid of the unprofitable subs and are making headway with qode in China and the UK), we should see a nice rise in pps. I'd like them to move more quickly re the CEO and the sale of the paint company, etc, but it's really only a few days after New Years, so i'm willing to cut 'em some slack.
The bottom line, IMO, is as long as they've got enough cash to survive the short term, the long term here has such high potential, it's definitely a good buy.
best,
Joe
I'd love to see Qode on Big Brother. And on tv during soccer games. And on cereal boxes and coke bottles and movie posters and even temporary tattoos on people's arms. But in the UK, we're starting with an enormous newspaper that is more popular than all of our major papers combined, in conjunction with one of the most powerful multi-media companies in the world. What more could one expect from a new product launch? It simply dwarfs anything Scanbuy has ever done, or for that matter, anyone else in this space. It SHOULD move the pps upward in a big way. It hasn't, because, IMO, it follows on the heels of the fact that neom just dumped its CEO, sold off two of its subs, and filed an SEC filing that could put the outstanding shares over a billion. Neom still hasn't quite gotten the knack of running a pr campaign, eh? But that's just a temporary thing, IMO, because this UK exposure SHOULD push us despite the poor strategizing of our management.
What we need, again, is another TS (or TS himself, but that seems very unlikely, to say the least) to let some large group of rabid investors know that something interesting is going on with this stock. Without someone touting us, it's hard to imagine we can build a real investor presence.
Anyway, i'm done talking about soccer, i feel i've made my point. I am looking for a new PR from neom re the news corp deal, and a resulting rise in pps.
Best
Joe
You are right, cloud. But i still can't help picturing the lads in London doubling over laughing at the ludicrous idea that reality shows are more popular than football! In europe that would be considered heresy!
And remember, that 16.3 million viewers was in the UK alone; that soccer game had close to a billion viewers worldwide. A BILLION, brew. Soccer is a worldwide phenomenon that is bigger than all our sports combined, plus most of our movies, tv shows, etc. Soccer is religion, soccer is everything. Spend any amount of time with guys in their teens, twenties, and thirties in London, you will see. Reality shows people watch, but soccer people live and relive; they download clips and read newspapers, etc. Ask any guy in the UK why he reads the newspaper; he'll tell you for news on football, football scores, football standing, etc.
Brew, i can't let this go, because you just don't get it. Maybe you haven't spent that much time in the UK recently, so I can forgive you. The last Big Brother, which was the UK's biggest non-pop idol reality show (which you are correct, was exported here), received an 8.1 million audience in its premier, the highest for the show ever. This was still smaller than the newspaper we are talking about. However, in contrast, the UK fifa 2006 soccer game vs ucuador had 16 million viewers, as reference in this clipping from the BBC:
"In England, 16.3 million UK television viewers watched England's first “sudden death” match against Ecuador, broadcast live by the BBC. The figure equated to a 79-per-cent audience share. The game was the second-highest-rated match of the 2006 FIFA World Cup™ thus far in the UK after ITV's coverage of the England vs. Sweden tie last Tuesday, which averaged 18.8 million viewers and peaked at 20.9 million."
16.3 million viewers in a country of 60 million people, dude. Almost 1/3 of the country watched a soccer game against ecuador. You just don't get it if you don't think soccer is the biggest form of entertainment in the UK. Reality shows do have an audinece there, but it pales in comparison to soccer, and indeed, is usually much smaller than the daily circulation of the news corp newspaper.
best
Joe
I mean seriously, who wrote this pr??? Neomedia's qode to Be Introduced by News Corps' Newspapers????????? That is the clumsiest, ugliest sentence, and it's supposed to be the news banner? Even my 22 year old pr assistant would never show me something like that without expecting a slap across the face. This pr is barely legible. The banner should read:
NEOMEDIA PARTNERS WITH NEWS CORPS TO LAUNCH QODE IN THE UK
or
NEOMEDIA LAUNCHES QODE VIA NEWS CORP NEWSPAPERS!!!
or
NEOMEDIA AND NEWS CORP LAUNCH QODE!!!!
Those are pr's i would read. "To be introduced??""" that sounds like qode is at a high school dance looking for a date. Come on, neomedia! Hire a good publicist! Instead of spending 60 million dollars on acquisitions that you end up selling back, this company should have put 10 grand a month into a top knotch publicity team that knew how to run a pr campaign.
Truly, this frustrates me more than anything else this past year. The news is here! But the pr is not!
best
Joe
Brew, a newspaper in the UK that is read by 8.2 million people in a country of 60 million is utterly staggering. That would be the equivalent, in the US, of a newspaper that would be read by 43 million people (which does not exist). In fact all the top newspapers in the US added together do not add up to 43 million readers. Our top magazines don't even come close to that. People magazine has, at best, 10 million to 15 milion readers. Sports Illustrated has around 15 million readers. American Idol, the USA's top tv show, opened with 33 million viewers. A newspaper in the UK with 8.2 million readers is massive.
I do a lot of entertainment work in the UK, and when looking at things like circulation, book sales, tv ratings, etc, the common way of understanding the numbers is to multiply audience by 5 to compare it to the US. This is truly the largest potential audience in the UK.
Anyway, this news is enormous. However, this pr is really poorly written. I mean, come on, this is the biggest news in recent history, and the pr doesn't scream at me at all. I would have written:
NEWS! NEOMEDIA PARTNERS WITH NEWS CORP! LAUNCHES QODE IN THE UK VIA NEWS CORP and THE UK'S LARGEST NEWSPAPER! THIS WILL POTENTIALLY CHANGE THE FUTURE OF THE MOBILE WORLD. THIS IS THE FIRST STEP IN A EUROPEAN WIDE LAUNCH INVOLVING MAJOR PLAYERS. NEWS CORPS CALLS QODE "BRILLIANT"!
etc.
best,
Joe
Well, Bo, i've come to the conclusion that there is no 'street' regarding neomedia; there just aren't analysts covering the stock at the moment, there aren't investors waiting in the wings; Neom needs to create its own news because on the whole investors and wall street simply aren't paying attention to the company. For good reason, so far, as neom hasn't yet shown itself to be a real player, despite its tech, it's IP, and its potential. There just aren't many people who know about qode yet; hopefully this news corp deal will change that, as the 3 plus million people who read the Sun (and MOST for the football updates) and the 1 billion plus people who watch football in europe get wind. But Neom has a real problem with getting the word out. TS was, sadly, the greatest thing to ever happen to this stock, and we desperately need a new TS.
best,
Joe
I mean seriously, i'm sorry to keep harping on this, but Brew, 1.1 billion people watched the world cup. In the UK, that website with 1 million viewers in a week was touted by the BBC as a huge success; yet you chose to use it as an example that football has a limitted audience?? 1.1 million website viewers in a week in a country as small as the UK is actually a very big deal. But that's besides the point. Football is religion in europe. It is a multi billion dollar business on par with Hollywood in the US. It's audience is enormous, rabid, and just the sort of people we want using qode. I can't think of a better audience with which to introduce this technology? What audinece would you like to target that's bigger than football in the UK?
best
Joe
IMO, when this news hits as news it will indeed move the pps. Right now the only news out is Jenson's departure, which creates understandable knee-jerk uneasiness on the part of day to day investors. When the dust settles the next pr should be a doozy, IMO, if it is about news corp and neomedia.
best
Joe
Brew, this is a fairly ridiculus argument. Anyone who has spent any length of time in the UK knows that soccer (football) is the biggest thing going. The fact that a website garned a million viewers in a week in the UK is simply more evidence that football is a huge deal, not less. Football in the UK dwarfs all sports in the US combined in respect to national awareness and fan base (relative to populations). And if you've spent time in london, you would know that football is pretty much all any male between the ages of 10 and 40 talk about, care about, read about, or watch on tv. As I spend much time in London, I have many friends who live there, and they would absolutely be amused at your assessment of football as a targeted and limitted audience. Football is THE audience in the UK. Have you ever been to a world cup event in Europe? Have you been in London during the World Cup? It's pure insanity, it makes the superbowl and the world series and the NBA finals look like a high school sports final. IMO, there is no better way to get qode into the hands of regular people in the uk than to tie it to football. There is NO audience as big as football's in the UK.
best
Joe
Brew, stating that soccer (football) fans is a "targeted and limitted" audience in the UK or in europe in general is flat out wrong. That would be like saying in the US that launching qode via hollywood to fans of movies and television would be "targeted and limitted". Football is quite simply the biggest form of entertainment in europe. People will definitely watch clips of football all day long, everywhere. Zidane's head butt was seen by more than a billion people many many many times a day, and nobody got sick of seeing it. Yes, the pub culture and football are linked. ALL culture in the UK and football are linked. Qode could have picked no better venue to launch; there is NO less limiting audience than football.
best
Joe
Great news, IMO. Neomedia has owned up to their mistakes, and CJ has taken the fall for the mistake made with the acquisitions. Cost cutting methods are in full effect, and it looks like indeed qode is about to launch in a huge way (see JP's post!). There is simply nothing bigger than football (soccer) in europe, especially the UK. The equivalent in the US would be all sports rolled together- and still that wouldn't be a fair comparison. Football in the UK is bigger than all other forms of entertainment; movies, tv, politics, etc. So a launch of qode to be used as a way to get football clips is bigger than we can imagine!
The brieff pps dip is no surprise to me, as the pr on CJ's resignation probably caused some knee-jerk selling from the traders who bought in at .06 and thus took their quick profit. When people find out about what JP has posted, we should see this thing skyrocket.
best
joe
Nice charts. Where's Chartist to tell me whether it's time to buy or still a falling knife :))
best,
Joe
Well, the answer is pretty simple, from where we were yesterday, today's deal with Mobot is definitely a good thing. Whether or not these acquisitions were a good idea when Neom made them (and if you go back, you'll see that no, not all the longs believed that they were, and no, not everything involving the acquisitions was considered great, solving current financial and dilution problems is indeed a great step in the right direction. With Mobot, we've kept 18 percent of the company, we've got them pushing qode and using neom's tech, and we are no longer in the hole for 10 million in stock or cash. That's great news, period.
With Sponge, we saved our butts in terms of how much we would have owed, and we retained a tiny piece of the company and had a lot of stock returned. Good news again, considering that sponge had not performed as neom had hoped. So between these two deals, neom has definitely improved its position.
I'm not saying that neom wouldn't be in an even better position had they not made these two acquisitions in the first place. But neom is in a better position, by far, today, than yesterday. And if we sell the paint company soon, we'll be in an even better position again. Pretty simple math, here, friend. We all would have loved to have come out from that quiet period way back when with massive paperclick annoucnements instead of crazy acquisitions, but we got what we got- now neom's management is doing their best to fix the problem, stave off dilution, get some cash into the coffers, and launch qode. All good things.
I personally do not believe we will be down at .08 for long. At the moment, what is neom really worth? Certainly the paint co is 6 mill at least. 12snap and Gavitech together, maybe 25 mill or more? Triton- another 10 mill? that's 41 million- or basically .06 of the share price- right there, and that doesn't include qode, our core tech, our patents, and what's about to happen with the launch, china, etc. Personally, i think qode is worth 250 million in market cap right now, maybe twice that in a year or two. So IMO, we are severely undervalued. Once the street sees that we are not in major financial straits anymore (after the paint sale and solutions to 12snap and gavitech and that qode does have real potential to become part of mobile marketing in the future, the pps should indeed begin to soar. Heck, we gained 30 percent on the mobot news? This is really just the beginning. I like the looks of things right now, and I'm glad I was able to increase my position to a healthy healthy 3.5 million shares.
Best,
Joe