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I tried calling NEOM HQ, but they do not answer the phone. All I get is the same message. As such I figure those here who do have their calls returned, or even answered might know.
Anyone have any thoery as to when NEOM might PR the new contract they say they recently signed? At this point there are no details of this multi-million dollar deal, so I wonder if it is real or not.
Could you explain further please? Is my understanding of the FACTS around this deal incorrect, or are the true facts unknown? If you have the actual numbers, would be pleased to read them; if you and no one else does, than it is wishful thinking it is multi-milion per year, correct?
ON TOPIC discussing the newest undefined, unexplained deal surrounding possible revenue.
Multi-millon deal, over what time frame? From what I have read here, it seems many believe the deal is for atleast $ 2 million per year; that was never stated by anyone from NEOM, but only by hopeful shareholders. I suspect it is over several years, and I suspect that cumulative value is in the millions, but there is a BIG difference between $ 2 million a year and $ 200k each year for ten years. Both are worth $ 2 million, but the time value of money is very differnt. Seems there is still just hype around this company, and no real tangible revenues that they can report - in fact THAT is A FACT. Nothing changes but the date with this company. Now attack me for being reasonable and not accepting hope as a strategy. BTW, if such deals are in the works and near completion, can someone explain why the price is less than 2 cents as NEOM stands on the verge of greatness, again?
ON TOPIC discussing NEOM and their recent, yet unannouced 'deal' of millions in revenues.
You assume NEOM is going to win; I do not make that assumption at all. The way this company has ben managed, and I suspect their lawyers are of no greater quality than manangement, I would not assume they win. In fact, I would not be surprised if the delays are being orchestrated by NEOM, if that is possible. And what if they lose? What would the value of this 1.8 penny conglomerate be woth then?
ON TOPIC discussing NEOM and their most current lawsuits.
True enough, one should know what you own. Did you know that NEOM pledged the patents for $ 5 million, so they technically do not own those. Know what you own, a 2 cent stock with a billion shares plus. Know what you own; which if this is the case then I guess all the people who are upbeat knew what they owned while it was making its way to two pennies. Know what you own is a great plan; too bad it has yet to work with NEOM. NEOM thought they owned five subs, turned out they did not know they could not own them.
ON TOPIC discussing the patenets of NEOM and the sub thet NEOM owned, for a while.
Could what???....been waiting for this company and all the fake, untrue stories of this little super company to do something...and still we wait. On the positive side, what ever is going to eventually happen has to be closer than before. Time is linear.
ON TOPIC discussing the past and the possible future of NEOM.
If the previous BOD made multiple errors in judgement are they liable to shareholders, or do they simply walk away leaving this mess behind? There is considerable discussion of this topic on other boards such as the yahoo board. As such, I am wondering if they can be held reponsible for their actions?
On topic discussing the legal aspect of responsibity of the BOD of NEOM.
Its a classic pump and dump movement. BUT I doubt this is the case here since the price is too low to be bothered playing such a game. I suspect it was just a few investors who thought the news and CC were uplifting and they believed there was some potential here. Now reality has settled in again with the annoucement of the coming dillution, so down she goes. Again, not a pump and dump action, anyone trying that with this would have started with something fresh more recently.
On Topic discussing the share price movement of recent days of NEOM.
If CH could get that done in 60 days that would be great; it makes you wonder what was the previous management, hearalded as the best management with great future looking vision, were doing? Also makes me wonder why anyone suggested the former management was doing a good job?
On Topic : speaking about the potential accomplishmnets of the new management at NEOM.
Big difference if he was simply talking to his staff about NEWCORP, versus what has been reported that he IS talking to NEWSCORP. All-in-all, lots of talk about the future...show me the money, just one contract worth more than a simple pilot project would be suitable.
On topic, discussing what was REALLY said on the CC.
Actions speak louder than words. Management is not buying, so, that is an answer in and of itself.
On topic, discussing management's lack of buying their own company stock, NEOM.
So does that mean the former CEO was not truthful when he spoke? I guess the faith that was put in the former CEO was misplaced than?
On topic discussing the former and new CEO of NEOM.
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Your post said:
but I suspect CH would not make any statements that are not credible or factual...180 degree turn around from former CEO...
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From your discussion with him he says that the world is not ready for NEOM yet, that things will be fine and that there are deals being worked out he cannot comment on. So what exactly is different today compared to what has been said in the past by the former management? They too said deals were coming (nothing worthy of a mention did), everything was going to be okay (it is 2.5 cents, how okay has that been for everyone?), they are ahead of the curve (yet they are still in testing mode and no one signs anything substantial with them). Nothing changed but the name on the door.
That was PR in 2006; has there been any news or reports about how it went since? I have not seen any here or on the yahoo message board.
On topic discusing a PR issued from NEOM itelf.
Everyone has a reason why this is not being adopted, and all the various excuses are interesting; but in the end it comes down to execution by the company. And lets face facts, after three or four or five years they are still testing it on small groups of up to 200,000 people in Mexico. And yes, 200,000 is a small group considering this is supposed to be able to handle billions of people. Its a joke, and all the excuses in the world will not make it profitable, might make it acceptable,but mainly to those who will not accept they have been had.
Why is it not in use anywhere???
Edited: Well if you need it as a proven fact, then you are correct that there maybe nothing tangible. However, by the same token, you still have faith in NEOM, based on your postings, yet there are no tangible facts to support this as a quality investment. As such, I believe it becomes a question of understanding, for lack of a better word. You understand that NEOM is a quality company, I and others apparently, understand that JP has their (management's) ear, as do they his. This is based on his recalling various conversations with them, that he has reported to the board. As proof, I offer this: Listen to the last CC when JP praised managment for their work and they were fully aware of who he is in their response and voice inflection with him. I do not know about you, but when I call someone and they know my voice, and they recongize my name and they speak friendly with me, I suspect they know me well enough, so I guess their is proof, recorded for all to hear.
As to the rest of your post, I cannot reply for the simple reason it has nothing to do with what was being discussed; but it is nice to see a good red herring every now and then. Have a great weekend, I will.
ON topic discussing NEOM managment and their apparent select communication amoung shareholders.
NEW 52 WEEK LOW!!! So I suppose those who support this tragedy will suggest that with the price so low, we have much less of a distance to fall, so it will not hurt as much. LOL
And that "it is not about the patents" tells you everything you need to know, IMO. The reason it is not about the patents, is simply that he is not with this compnay to promote the patents, or work with them (patents); he is here for another reason. In short, he let some truth slip out when he said it is not about the patents. What do you think he is here to do, clean up and then shut it down, IMO.
Regarding calling NEOM: When I have called I could not even get someone on the phone, no one answers the phone. As to JP being able to contact the managment without difficulty, I beleive has lead some to follow his words closely - and to their loss.
ON TOPIC, regarding my experience calling NEOM HQ. Sorry I have to place this line above, but otherwise, the post is likely deleted.
There is no way to paint a rosy picture here, if FACTS are used and reality is the guide. However, where there is hope....there is someone waiting to cash in on this hope. I am surprised by the volume of this stock, I would think it would be much lower; but apparently the hope that flickers is giving those who are selling the ability to continue to sell and eithr get out with a huge loss, or to cash out free options. I tend to beleive that it would be the latter, for the simple reason, those not having sold earlier are likely not willing to sell now, so you figure out who is supplying the market with 2 cent sales?
I think you should make note of your sentence, "Chip does on paper". It seems on paper NEOM is a great company and has great potential; yet the stock is almost worthless, board members don't even own this thing. So what appears on paper, compared to reality, are very often different?
There have been other examples of companies on the way down that change management before filing in order to insulate the former management. I would not be surprised to see this occur here. And yes this sad story will stop when they reach zero value per share.
What does it tell you about NEOM when shareholders resort to marketing the product; a product that is still in testing phase as per the news of early June with Mexico? Does anyone know why, given the news of the test in Mexico was released in early June, that NEOM repackaged this news and released it as though it were new in July? I ask this, to see if there are others who think it might have been re-released in order to pump the stock one final time so some of the friends and family of NEOM could exit before they file for BK. I see the news has done zero, zippo for the price - but I suppose the market woes will be to blame for that; as though NEOM's stock price and the real markets (not pink sheet paper companies) are connected in some way.
You are wrong about it being never ending; the share price will eventually stop going down at zero.
Taking your theory of no trading is better than trading NEOM stock (when there is no news); that would mean if they stopped trading all together things would be better? Don't you think it is better to be low and liquid, then trapped?
Is this tide turning you speak of based on the volume of NEOM today as well?
As you and I pointed out, it is an old contract (February contracts are not new, but not really 'old' are they?). The question I was offering a response to was that it is not a positive for NEOM. As to your theory that since SB has not been mentioned by NOKIA since February, thus this means something; I note that NOKIA also never mentions NEOM, anywhere, so I guess we should conclude the same about NEOM as we should about SB in reference to NOKIA; save for the fact that NOKIA actuallys does business with one of the firms.
Have a nice day.
I do not see how this can be good for NEOM, which is the question you asked. Lets say that NOKIA was doing this with NEOM, would all shareholders not be buzzing about the great deal it is, and how this proves the viability of NEOM as a company? But since it is SB, it is seen as a non-event, or that they (SB) will have profits to pay NEOM in the event the suit is in favour of NEOM. Seems to me, NOKIA has looked at who to do businerss with, and went with SB, and that does not bode well for NEOM. I cannot see how any other reasonable interpretation can be drawn;SB is doing business, old contract or not, (has NEOM signed any deals this year?). If there are those who see SB doing business with big players is positive for NEOM, I would like to know how many twists in logic it takes to spin it that way?
To do what?
Don't think of it as selling shares; think of it as buying 16 to 20 hours of lawyer time.
Maybe people are building a cash reserve for future legal fees; $ 300 buys an hour of legal time. Or it could be that some shareholders have finally reached bottom and have had enough - lots of reasons for selling, but it seems few reasons for buying are out there.
It usually stops at zero, but this management team has defied logic before, so why should that stop now.
So are you hoping it all ends soon, and a more mercifull death occurs or do you want to linger longer and cling to life as long as possible? Essentially that seems to be the option at this point in time,imo.
I assumed you would know since you posted their information on the NEOM board.
Hey we all lost money on this (even those who say they have not lost because they have not sold - lets get real and make a net worth statement and compare the value of NEOM holdings last year, six months ect.). Don't beat yourself up for losing money on NEOM, I lost a ton too. I just kick myslef for allowing myself to belive the promoters on this BB; but karma is a great thing, they'll get their's one day for playing the Judas Goat. Again on topic, discussing NEOM declining share price.
Quick question: What business relationship exists between NetworkWorld.com and NEOM?
3.5 cents is better than 2.5 cents, and that is better than 1 penny and so on, true? That is assuming that NEOM continues to decline and does not reverse the trend of the past twelve or fourteen months give or take.
This class action suit cannot be simply against the company and the BOD, it would have to include promoters and those who 'acted and behaved' as promoters. The reason all must be included is simply this; the BOD will claim they are responsible for losses, but not for getting someone into or continuing to hold the shares. The promoters or 'agents that act as promoters' would claim they got people into the stock, but are not responsible for the losses created by the BOD. So, by including all those associated with the entity the judgement can be divided as the court sees fit, be it 80%/20% or 50/50 or 30%/70% or whatever. This is how things are done in Ontario, Canada. I recall one case I was involved in for a decade and we ultimately got the directors of a limited partnership and the promoters convicted of fraud; no cash came our way for another five years, and what did was small. But at least the promoters lives were ruined for ten years via stress and court associated costs - which made me feel better. From what I have received in PM, I can assure you that if the U.S. had our laws on this sort of thing, there would be some very concerned mouth pieces for NEOM hanging around here. This post is on topic, and discussing who should be involved in any suits against NEOM, thus I hope it is not removed.