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Amen Clawmann.
phoenix69...
What is being discussed about Chas is not "rumors", it is truth. There is a very big difference between rumors and truth. Dont you find it strange that Chas has been selling like a mad man (for kids education, and to PAY OFF a construction loan for his new home, etc..... as per Mr. Jensen) YES, I have a problem with Chas selling. Notice that Mr. Jensen and Chas's father have NOT been selling. To me, this shows who in the NEOM leadership has character and integrity. My views about Chas are not my views about NEOM as a company.
Phoenix69..
Why is it such a big deal to question leadership? We all should. Have I said that NEOM is a bad company? NO!! I think that NEOM is a good company with GREAT potential. I believe that we will see some very good things in the near future. This is not "bashing".
Easy tiger,
I dont claim to know his financial needs, never said that. I dont care what they are. Why is this putting him down? Is this not a legit question(s)? I will say that I think many have given way too much credit to Chas, when the truth is that the credit should be going to Mr. Jensen.
I have spoke with Mr. Jensen twice. He told me that Chas has built a huge beautiful house in North Carolina and is trying to get rid of his house in Florida ($2.5 mil), but with the soft market in Florida, the sale hasnt happened.
Neombridge....
The money that has been put into NEOM all of these years has NOT come from Chas. It has all come from his father. Dont cut people breaks if you dont know the facts.
Phoenix69...
I love how you are so defensive of Fritz. Those of us that have had this stock for 2+ years and are long, are not looking for instant gratification. What we are looking for is a man that will get down in the trenches with ALL of us. He is taking out way more than he needs, why? He has moved to North Carolina, away from Florida (HQ), why? These are questions that we should ask. He is taking a salary and he is selling shares. Sure the selling of shares is legal and all of that stuff, but is it the right thing to do? I dont think so and I wouldnt.
Couldnt agree more with this post.
Thanks Clawman...
Glad to know there is some sense of responsibility on this board.
Thank you for that response.
I agree with you "AS LONG AS he delivers us a revenue generating company with minimal dilution." Like you I am also waiting and I will continue to wait.
As for the proxy card....I voted for the increase in shares. My hope is that there is something big out there and the increase is needed.
elliot1234,
Let be serious here. Chas is a multi-millionaire. He is not some guy that is just trying to make ends meet. Is it necessary for him to have ANOTHER enormous mansion in North Carolina, because the one that he has for sale for $2.5 million in Florida just was not good enough for him to be "comfortable". Also, he never went "begging" to his family for money. His father has always been the money behind this company.
As for the money that he is taking out, sure it is his money, but dont fool yourself about where it came from. IT CAME FROM YOU AND ME AND ALL OF THE INVESTORS.
MG- Like you I also purchased more at .22 yesterday (I have purchased in the 20's, 30's, 40's and 60's). I am not a diversified investor. I am putting most of my eggs in the NEOM basket, and I believe that it will be a very good return. May take a while, but thats ok. Once this stocks gets some much needed PR and a healthy dose of respect, the sky is the limit.
I am LONG!!
As for your point that "Chas has not sold one share when the stock was at .70, .60, .50, .40, .30." Yes he has. In 05/05, he sold 485,000 shares for $257,050 (thats .53 a share). In 04/05, he sold 670,000 shares for $214,400 (thats .32 a share).
I guess, I just have a different view about this.
success- I understand this, but from a "moral" point of view, if I was an officer in a company that has taken a 50+% haircut, I would not be taking out money. I would suck it up like the rest of my investors are. The money that he is taking out is not free money...its yours and mine.
I am a long on this stock, but it makes me crazy to see Chas selling more shares. 612,789 shares today. I know many of you think that this is OK, but it is hard for me to understand. Someone help me feel good about this.
I searched many words that seemed to be valuable, they are all available.
Why on 5/3 did Chas sell more stock? Any ideas? I am hoping for good results on 5/10.
expecat? sorry. should be expect
Should we expecat a big sell at the end of the day?
Let me make a point here.
I personally spoke with Mr Jensen today for about 35 minutes.
He explained many things, and the word "emergency" never came up. I am the one that sent the email yesterday (dwmw@hotmail and neom2006@gmail.com), and no, it is not some conspiracy email. He emailed me and asked me to call him which I did.
Who used the word "emergency" and when?
my other email is: dwmw@hotmail.com
just trying to swith over to gmail.
I have sent to them at least 4 "very nice" emails asking questions about insider sales. They do not reply. It just seems to me, that if I believed in my company, I would sure as heck be buying at a 52 week low, NOT SELLING!!
Fellow investors, the email was not ment to FREAK people out. I was sent a bulk email with all of the email addresses attached and I simply replied with some questions. I want this stock to do well, I am not against this stock!!! Just asking some legitimate questions. Dont you agree? Just seems with all that is going on right now with NEOM as a company, this stock should be doing quite well. This is just my opinion.