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Thanks beacon. Here's what i'm seeing for the frankfurt exchange. Seems not to be rounded up.
Last Trade: 0.05
Trade Time: 8:12AM ET
Change: 0.009 (21.95%)
Prev Close: 0.041
Open: 0.046
Bid: 0.05 x 15000000
Ask: 0.052 x 9900000
1y Target Est: N/A
Day's Range: 0.046 - 0.05
52wk Range: 0.035 - 0.41
Volume: 369,200
Avg Vol (3m): 47,269.1
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): 0.00
Div & Yield: N/A (N/A)
Unless I'm reading it wrong (which is possible), Neom.f on the frankfurt exchange seems to be jumping (up 22 percent on much higher than normal volume). It's at .05 euros, which is almost .07 cents.
best
Joe
Okay, here we sit, and i can only say that Neom's management needs to announce something huge as soon as possible. Any big deal on the horizon, anything about the UK launch plans, anything they can possibly put out there needs to be put out there. Because if I were the subs, and I saw the deal that Sponge managed to get, I'd be thinking about trying to do the same thing. Why would I redo my deal with neom for more stock when I could hold out for cash and perhaps end up buying myself back, keeping what i've been paid, and being able to resell myself to someone else at a later date? All the subs must be thinking of trying the same move, IMO.
I am simply amazed that neom has allowed itself to get here. This is a company that has a brilliant core product with patents that are, alone, worth hundreds of millions (IMO). To have fallen victim to pure bubble economy thinking is insane, considering this is a company that survived the dot com bubble! They spent 60 million dollars on acquiring companies when all they had was paper value (entirely built on TS's newsletter), and when that paper value crashed, they were in the hole. If they had simply pumped that value into the stock we'd have been well over a dollar and sitting in Vegas right now. It's appaling that they are in this positiion- and it's entirely due to the pps. Who could not have foreseen that authorizing 5 billion shares while one of the BOD sold his stock would trash the pps (well, except for me, that is, huh, sitting on my huge block of shares through it all :)). All Neom had to do was keep us above .38 and we'd be gold right now. And certainly management could have done that. They could have explained that the 5 billion shares were a poison pill to ward off takeovers as qode and the patents reach public knowledge. They could have kept TS happy by explaining more about the coming Uk launch. They could have announced the sale of the auto dent business months ago, to focus on qode. They could have kept all insiders from selling stock until after the UK launch.
Instead they allowed the stock price to drift all the way into the teens, where TS jumped ship, and here we are, now at .054. Well, the path from here is clear, to me. Neom has to make major announcements to drive the pps back up to .20, where what they owe the subs becomes much more managable. Sadly, they proabbly need to rework a new ugly deal with Cornell to get more cash to complete these goals (if that's even possible; otherwise they will need to dump loads of stock to raise cash, which will be tough unless their announcements are huge enough to keep the pps up). They need the UK launch to succeed, at least in terms of publicity, to get analysists interested and stock buyers involved. And they need to sell what they don't need for qode, the pieces of the pie that don't belong in the pie.
Neom can save itself, here, but it's going to take some massive, quick movement of the pps.
best
Joe
Okay, here we sit, and i can only say that Neom's management needs to announce something huge as soon as possible. Any big deal on the horizon, anything about the UK launch plans, anything they can possibly put out there needs to be put out there. Because if I were the subs, and I saw the deal that Sponge managed to get, I'd be thinking about trying to do the same thing. Why would I redo my deal with neom for more stock when I could hold out for cash and perhaps end up buying myself back, keeping what i've been paid, and being able to resell myself to someone else at a later date? All the subs must be thinking of trying the same move, IMO.
I am simply amazed that neom has allowed itself to get here. This is a company that has a brilliant core product with patents that are, alone, worth hundreds of millions (IMO). To have fallen victim to pure bubble economy thinking is insane, considering this is a company that survived the dot com bubble! They spent 60 million dollars on acquiring companies when all they had was paper value (entirely built on TS's newsletter), and when that paper value crashed, they were in the hole. If they had simply pumped that value into the stock we'd have been well over a dollar and sitting in Vegas right now. It's appaling that they are in this positiion- and it's entirely due to the pps. Who could not have foreseen that authorizing 5 billion shares while one of the BOD sold his stock would trash the pps (well, except for me, that is, huh, sitting on my huge block of shares through it all :)). All Neom had to do was keep us above .38 and we'd be gold right now. And certainly management could have done that. They could have explained that the 5 billion shares were a poison pill to ward off takeovers as qode and the patents reach public knowledge. They could have kept TS happy by explaining more about the coming Uk launch. They could have announced the sale of the auto dent business months ago, to focus on qode. They could have kept all insiders from selling stock until after the UK launch.
Instead they allowed the stock price to drift all the way into the teens, where TS jumped ship, and here we are, now at .054. Well, the path from here is clear, to me. Neom has to make major announcements to drive the pps back up to .20, where what they owe the subs becomes much more managable. Sadly, they proabbly need to rework a new ugly deal with Cornell to get more cash to complete these goals (if that's even possible; otherwise they will need to dump loads of stock to raise cash, which will be tough unless their announcements are huge enough to keep the pps up). They need the UK launch to succeed, at least in terms of publicity, to get analysists interested and stock buyers involved. And they need to sell what they don't need for qode, the pieces of the pie that don't belong in the pie.
Neom can save itself, here, but it's going to take some massive, quick movement of the pps.
best
Joe
I'm glad to see Neom taking this first step to solve it's immediate financial problems. When we came out of that quiet period a year ago they made aggressive acquisitions that surprised many of us, a buying spree of companies; sponge hasn't lived up to potential or hopes, and although might become a powerhouse in the UK in the future, with Qode launching and neom's immediate needs, they simply decided it was too expensive to hold onto. It's nice to see management commenting on getting dilution in check. Hopefully this is the beginning of a process of cutting dilution down, lowering costs, and focusing on Qode.
I think we sit at seven cents because TS's following is gone, and has not been replaced by any large group of buyers; we need an analysist to recommend this company to get buyers en masse on board. We also need to continue to demonstrate that Qode is going to reach the masses, that revenue will be on the horizon, and that dilution will continue to slow.
33 million shares not entering the market re Sponge is a good start.
best
Joe
Really, the applications are endless. Each person with his own, individualized code carried on id's, clothing, whatever, that can be read by anyone with a phone.
It's just a matter of time before this grows huge.
best
joe
This news is enormous, IMO. One million insurance customers able to access their stats via qode is the beginning of a massive societal change; if this continues forward, we could see insurance companies all over asia utilizing this system. Then europe and america. One million becomes 100 million becomes billions. People, we are witnessing the beginning of something huge.
best,
joe
The thirty million owed to the subs is of course an immediate issue that has to be resolved, and there are numerous ways to resolve it. I'm guessing it will be a stock and cash deal, the cash coming from the sale of autopaint and the stock from the many billion authorized shares available. Hopefully the stock will come with a good year in which the subs can't sell, thus preserving the pps. At present price, with maybe 5 million in cash from the sale of autopaint, the remaining 25 million could come in the form of a promisary of around 300 million shares. Not something any of us here want to see, but certainly not an impossible figure if the shares are locked up for a year or if they are something reducable if the pps returns over the next 12 months. If qode rolls out well, over the next year we should see revenues begin to increase, pps go up, and thus the issue of 30 million in shares become much less relevant. It's simply not the doom and gloom some posters want us to believe. The subs would not have sold to neom if they felt they had better options elsewhere.
Best,
Joe
Soxfan, I hesitate to reply to you directly for exactly this reason: you and brew and a few others seem to simply be here to argue for the sake of arguing, to point out and repoint out and repoint out again negatives easily visible to all. Why, every time a 10q comes out, must you and your ilk re-iterate going concern language that we've all read for four years now? Because it's indicative of your purpose here, which is simply to aggravate. I hate to play into whatever thrill you seem to get out of this exercise.
Of course there are problems with neom's financials and management. And of course any analysis involving these financials is welcome. Many of us longs have been pointing these things out from the beginning. And yes, i have much money invested here; i have also made enormous amounts of money on this stock, and will continue to do so, while still holding my massive block of long shares for the future that i envision for the company. But that's neither here nor there.
My point is, it is far far worse to bash a stock you have no interest in on a board created by and for longs who believe in a company, then to post positive opinions of that company and its future. And don't pretend you don't understand this distinction. I'll just put it as simply as possible. There are good guys, and there are bad guys. The good guys are sad when the stock goes down. The bad guys aren't.
Best,
Joe
And SoxFan, I hate to reply to you directly because I'm confused by your motives here, but I'm not sure what board you think you're on. This board was created, if i'm not mistaken, because Raging Bull had become dominated by bashers, and had thus become unreadable. This board was a refuge created so that people knowledgable about this stock and the industry could share positive information regarding their investment. That is exactly what the longs here are trying to do. We've put a significant amount of money into this company and would like to share DD and opinions on what we own. Now, there's nothing wrong with pointing out negatives with the 10q or with management; i've done so many many times in the past (if you'd care to read my past posts, you'd see i was against the paint company, thought it was foolish from the start, was surprised by the acquisition strategy, etc). I personally welcome any and all comments positive or negative; but the this board was built by and for people who are making a speculative bet on a high tech company with what we believe to be incredible potential.
It isn't about pumping, it's about communicating with others who see the potential here. Those with negative views can express them, sure, but they aren't what this board is about. We can always look at raging bull if we want to reread going concern language after each 10q.
Best,
Joe
Ok, not sure how or why our Neom board has been co-opted by people with a personal beef against the stock and management, but in any event, thought I'd post my comments on the 10q and the staggeringly more important pr regarding One and the launch of qode in england. Yes, the 10q was exactly as I predicted, in line with the last 10q; not sure why anyone expected otherwise. As of the end of the period covered, neom had not launched qode; it's subs were still putting together their ongoing businesses; and neom was figuring out ways to cover the subs acquisition costs with the newly injured pps based on TS's selling and bashing. All in all, this quarter showed a few improvements on the last. It contained the same legal warnings regarding ongoing concern that every 10q had contained in the past 4 years; and it showed that neom needs to find ways to pay off the subs re the new pps- which, according to management in the last conference call, it is working on and nearing resolution on.
So that's the 10q. Nothing particularly surprising, certianly no worse than the last 10q or the one before that, etc.
Now for the pr. About three weeks ago, TS and many bashers here were complaining about some competitor getting their code on sprite bottles in south america; well, now neom has launched its qode all over the UK in a massive, publicity-gold deal with one of hte biggest charities in Europe. Qode is live, and will now be accessible on 5 million bottles of water. This is fantastic, and surely dwarfs the 10q filing. None of us longs are here because of the current 10qs; we're here because of the potential that we're just now getting a glimpse of through this One qode launch. This is a multi-billion dollar business; 30 million owed to the subs is nothing compared to what qode will be worth with just a handful of similar campaigns.
come on, people, wake up and see what's happening right in front of you.
And a note on the market reaction here; we're down about half a penny on 4 million shares? On a stock with 660 million outstanding shares? This 10q is a blip on neom's radar. Qode in the UK is massive news, and if it continues in this way, we will see the pps move soon enough.
Just my two cents.
best,
Joe
Today's volume is too anemic to have anything to do with the 10q, IMO. Also, personally I expect the 10q to show growing revenues but nothing explosive yet; the conference call pretty much covered the 10q IMO. What i'll be looking for is some indication of what the china situation might mean (in terms of revenue growth) and maybe something on word registry/qode roll-out. It's frustrating that the stock price still hasn't recovered from the TS hit; we simply haven't gotten the word out to the investment community yet, and there hasn't been a replacement of the thousands of buyers who came via ts with others who have heard of neom from other sources. More than anything, we need an analysist to jump in with a buy rec, or someone somewhere to independently suggest that this company has the juice to make a mark in the mobile marketing world. Hell, even with 1.5 billion shares out we should be at .20. This is a 300 million dollar company IMO. In fact, I think you could probably sell off a couple of our subs in a year or two, under the right circumstances, for close that. Our market cap is seriously under where it should be, and it's all due to lack of stock buyers knowing about us (and the ones who did know about us had TS lead them away. Sigh.)
anyway,
Best,
Joe
I believe during the CC Copus said specifically that a great deal with the subs has nearly been worked out; i can't remember his exact words, it was kind of under his breath (or heavy accent), but he said it was some other deal that had that taken care of. Not sure what he meant, but it sounded to me like it was not going to involve cash.
I agree that the BOD should be buying shares here, at the very least Chas should put the money he took out at a share price in the .20s back in here at .08. Heck, many of us here have put considerable money in here below a dime.
Anyway, i really do believe we are on the road to having cash available. If the subs take some sort of deal (that hopefully isn't too dilutive) and we get enough from micropaint to pay back cornell's recent loan and we lower the burn rate and bring in between 7 and 10 million in cash the next quarter, with a chance at doubling that over the next quarter, we're going to be cash flow positive. With scanbuy moving forward (and from what was said in the cc, management seems pretty sure we're gonna win that in a big way), qode now available in Java and soon to be Brew, agreements with companies such as McDonalds, Coke, etc, and movement in China and the UK, we have so much potential. If they can get the dilution under control through a buyback or via a partner, this stock could launch into the stratosphere. TS is gone, we need to replace him with another cheerleader, optimally someone from a reputed firm. Anyway, i am optimistic that by the end of the year we should be returning to a more reasonable pps.
best
Joe
And thunder, if you think the longs here aren't buying at these ridiculous price levels, you are wrong :)
best
Joe
I believe they do have cash coming in, and as things continue they are going to have plenty more. The sale of micropaint, revenues from the subs, revenues from their telecom side, and revenues from qode are going to add to the bottom line considerably over the next two quarters. Annoucning a 100 million share buy back over 6 months would enhance things for us immensely. But i'm not a businessman, just offering a suggestion. maybe it's naive.
best,
Joe
I really think management should consider a share buy back here, if they can get their hands on any cash. Buying back 100 million shares would get this stock back up to reasonable levels and increase the market cap enormously.
best
Joe
this morning's pr is huge. when the TS dust settles we should be back in the teens at least. If management continues like this we should head back up in no time. qode is coming, boys and girls.
best,
joe
TS is at it again. In tonight's newsletter, bashes neom again, says that if the conference call is the best Neom management can do, the company is in more dire straits than he thought. He basically says that in now way can the company make it. Gheez, he seems upset.
Neom has got to follow up this conference call with some serious pr's in the coming week or two or the price will have trouble getting back to pre-desctructo levels.
Best
Joe
I liked some of what i heard a lot.
1) that our patents are going to enable us to sit at the table w the major search players (i interpret this as google, yahoo, etc)
2) that they believe we will bring scanbuy down.
3) that major news re qode, java, china, etc seems to be near
4) we have revenues, and customers such as mcdonalds, coke, etc
5) paint is more valuable now then when we bought it.
i got it at 1:22
it seems insane for him to do this; what lawyer would advise making statements like this in such a public forum? my guess is, neoms pr has him scared. but he's dangerous, lashing out with this dilution and bad management talk.
hard to say. TS is very steamed. says in all his years never had to do this. says hed have to be stupid to do what neom has claimed. says the os has gone from 305 million to 2,3 billion, and thats why he says sell.
calls neoms pr trash, says they dont need permission to say sell a stock, says in no way do they use outside researchers, etc
oh yes. basically says neom's accusations are false, TS and josh levine write theirnewsletter themselves, there was no manipulation, and then blasts neoms diluytion, management, etc. very over the top
TS responds! he came out swinging in another alert. pretty rough stuff...
Not to berate a point, but this stock has gone up 80 percent since friday and no chart could have predicted what's going on. No chart could have told us that TS would put out what seems to be a very suspicious sell, or that Neom would react with a very good pr and then a conference call. Fortunes are made through DD, steady hands, and intuition. And through risk, the more risk, the more money can be made. JMO, of course.
Best,
Joe
Today should be an interesting day, that's for sure. Hopefully the BOD can explain where we are heading and respond to some of my questions. i know they received my email, and they have basically told me that they will address the issues during the conference call.
Am also enjoying the discussion re chartist1 and the charting of neom. I used to work for a broker at lehman bros when i was in college, and he used to take me aside and in a somber voice tell me he was going to unlock the secrets of wall street. He'd pull a chart out of his desk and say "it's all right here". "You buy when these lines meet, and you sell when these lines meet..." He did well with his charts, but he certainly never got rich, as his charts never told him how to find the next google, home depot, etc.
Chartist1, i know there is value in selling when the charts say to sell and staying away from falling knives. However, you get rich in this business by identifying the next google and holding on for dear life. It's dangerous and its risky but I can tell you from personal experience (and i know you value experience) that believing in a company, despite the charts, can bring in profits way beyond the norm. A few of us here rode CYPT from .07 to 1.7 in a matter of weeks, because we believed in the tech. No chart told us to buy. Many of us made money on the ride on neom from .07 to .72. And many of us made a killing on yesterdays ride from .07 to .09. Nobody has lost a penny listening to JP or myself or others, because we've never told anyone to sell anything. We believe in this company, that's why we're here. And if this is indeed the next google, we will make more money here than a lifetime of cautious chart following could make us.
I am not saying your experience is not valued. I love your charts and you have taught me plenty. But if we've indeed uncovered a new google, charts go right out the window. And to suggest that TS hasn't been the singlemost important factor these past few weeks is simply ludicrous. Ignoring TS and the news is way more foolhardy than ignoring any TA.
best
Joe
Things looking a little better today. The half a million shares i bought on friday are making me feel a little better about the TS BS.
best,
joe
Wow. Neom's pr today was fascinating. I really think TS is in a lot of trouble here. IMO, this seems like the definition of pump and dump. Why TS would put himself at such risk of SEC action is beyond me; I mean, his email alert telling people to sell Neom was the most damning thing I'd ever seen from him, and if it was timed to benefit one of his contributors... my god, i don't see how he can wriggle out of this one. This is truly ugly.
I hope neom management goes after him and SS with the full fury of the law. The damages to this company, and to us shareholders, is immense and obvious. TS single handedly brought this company down 200 million dollars in market cap in a single day; if that was done maliciously, or to benefit a contributor, then it's indefensible. And to suggest that neom's underlying problems (or a chart, for that matter) had anything to do with this drop is insane. Cause and effect is clear here, no question about it.
best,
Joe
To reiterate, what I wrote to the BOD:
Gentlemen, I am a Neom believer and currently hold 3.2 million shares (in case you're interested, i'm also the author of the NY Times Bestsellers Bringing Down The House, Busting Vegas, and a frequent contributer to Wired, Playboy, GQ, etc) I have been following your company for three years, and this is the first time i've been moved to contact you, as i'm quite concerned by the recent changewave report. To save the company (and I do, in fact, believe we are now at the moment of truth- Neom has survived the past two years by selling into the market that TS created, pure and simple. Without TS and the 40 to 50 million shares (liqiud shares) his followers brought to the table, Neom would have diluted 10 fold by now trying to survive), we really need to see a PR that lays out, in detail why TS is wrong to sell right now.
I believe we need a pr that lays out exactly what is going on with Qode, who our potential partners are, where our revenue is going to be by the end of 2007. We need to hear:
1) That qode is launching this fall, with the help of big partners or clients, and is expected to be a real revenue gold mine in the near future. That there is a service provider involved, that x number of bar codes, magazine adds, etc have been turned on and that this is the potentially world changing event we hope
2)That the word registry is going to go hand in hand with this launch; that the registry is also a revenue gold mine, that x number of words have been sold, that the expectations of its adaptation by the general public are bright
3) That Neom's financial problems have a viable cure; that the sale of the paint company will raise enough money to launch qode, that dilution will be controled, that selling shares via Cornell will disappear as revenue from Qode and the Word Registry pour in.
4) That there are specific price targets in terms of the pps for the next few quarters, based on revenues, eventual profits, and cost cutting; that the goal of getting onto a real exchange is still in management's mind, based on getting the pps out of the pennies; that somehow this company can reach a valuation in the billion dollar range through qode and the word registry.
5) That management is now focused on raising the pps and on communicating with shareholders; that the acquisitions its made have in fact created a stronger company, not simply diluted its shares; that Neom will reach profitability in the near future.
6) That TS's comments were flat out wrong; that the IP is strong, that the Scanbuy situation is near resolved.
Truly, neom's management has to come out and say exactly what is going on here. There is no more room for excuses. TS has left the building, and taken the market he created with him. We were a .07 cent stock before TS with an OS below 100 million. Now we are a .07 cent stock with god knows what number of OS. Now it's up to management to create that market by giving us something to work with. If google, microsoft, or newscorps is waiting in the wings, it's time to get them to step up with a pr. If we've sold word registry words, it's time to list our clients. If we've got something lined up with Nokia, Coke, McDonalds, Godiva, etc, it's time to put it down in a PR. We wont' survive as a .07 cent stock. It's all or nothing, boys.
Best,
FWIW, I have indeed emailed my previous post, nearly verbatim, to the BOD. Wonder what response i'll get. One thing that concerns me, is even if Neom's board puts out a huge pr tomorrow or tuesday (don't forget tomorrow is a holiday, and although the market is open, volumes will be small), where is their market going to come from? TS brought in thousands of investors. Who will be reading the Neom pr who isn't already a shareholder? They need something big enough to catch the attention of people everywhere, not just here.
Best,
Joe
Well, if the powers that be at Neom are truly meeting this weekend to try and put out a pr to save the company (and I do, in fact, believe we are now at the moment of truth- Neom has survived the past two years by selling into the market that TS created, pure and simple. Without TS and the 40 to 50 million shares (liqiud shares) his followers brought to the table, Neom would have diluted 10 fold by now trying to survive), we really need to see a PR that lays out, in detail why TS is wrong to sell right now.
I believe we need a pr that lays out exactly what is going on with Qode, who our potential partners are, where our revenue is going to be by the end of 2007. We need to hear:
1) That qode is launching this fall, with the help of big partners or clients, and is expected to be a real revenue gold mine in the near future. That there is a service provider involved, that x number of bar codes, magazine adds, etc have been turned on and that this is the potentially world changing event we hope
2)That the word registry is going to go hand in hand with this launch; that the registry is also a revenue gold mine, that x number of words have been sold, that the expectations of its adaptation by the general public are bright
3) That Neom's financial problems have a viable cure; that the sale of the paint company will raise enough money to launch qode, that dilution will be controled, that selling shares via Cornell will disappear as revenue from Qode and the Word Registry pour in.
4) That there are specific price targets in terms of the pps for the next few quarters, based on revenues, eventual profits, and cost cutting; that the goal of getting onto a real exchange is still in management's mind, based on getting the pps out of the pennies; that somehow this company can reach a valuation in the billion dollar range through qode and the word registry.
5) That management is now focused on raising the pps and on communicating with shareholders; that the acquisitions its made have in fact created a stronger company, not simply diluted its shares; that Neom will reach profitability in the near future.
6) That TS's comments were flat out wrong; that the IP is strong, that the Scanbuy situation is near resolved.
Truly, neom's management has to come out and say exactly what is going on here. There is no more room for excuses. TS has left the building, and taken the market he created with him. We were a .07 cent stock before TS with an OS below 100 million. Now we are a .07 cent stock with god knows what number of OS. Now it's up to management to create that market by giving us something to work with. If google, microsoft, or newscorps is waiting in the wings, it's time to get them to step up with a pr. If we've sold word registry words, it's time to list our clients. If we've got something lined up with Nokia, Coke, McDonalds, Godiva, etc, it's time to put it down in a PR. We wont' survive as a .07 cent stock. It's all or nothing, boys.
Best,
Joe
Well, this was certainly a devastatingly ugly day. Anyone who doubted TS's power over this stock has now seen his full fury. Basically, he brought this stock from .07 to .70, and he's brought it back to .07. I'm amazed that management allowed this to happen; what i mean is, management had this amazing cheerleader with legions of followers, who single handedly brought the volume necessary to drive the entire market cap of this company up tenfold, and they failed to capitalize on this rise; nor could they show TS enough in terms of impending revenue deals to make him stick through the launch of qode. This is a spectacular failure on their part. They've lost literally more than a hundred million dollars in market cap in almost no time, with the launch of their prime technology right around the corner. Their only job over the past three months should have been keeping the pps stable and keeping TS happy.
Anyway, I did purchase many many more shares today below .07, (another half a million, actually, bringing my total to 3.2 million) because i think that this was certainly an overreaction to no news at all. Simply followers of TS selling as he told them to. Some, i believe, will buy back in if they perceive a bottom, and others will see the potential here and do so as well. Yes, an insider purchase of shares, or a buyback would be wonderful, but i'm not holding my breath. Management has shown itself to be somewhat inept when it comes to the pps. They were surprised when TS brought it up from .07, and now they're probably equally surprised that he brought it back down.
Anyway, with some good pr's on qode's launch we should still be able to get back into the .20's. More than that, we'd need a miracle right now.
Best
Joe
Well, today's price action isn't surprising to me, IMO it's just a reaction to TS's comments last night. Basically he mentoned neom's recent decline and said he's investigation, and putting out an alert later this week. Those who bought in his last "buy til .14" mini-run (it went from .12 to .135 or so) got nervous and dumped ini case he pulls away from Neom later in the week. If he puts out an alert later in the week saying all is well, neom is launching qode soon, yadda yadda, they will be back in and it goes back to .135 and we are again waiting for management to do something interesting.
I'm surprised, personally, that management has let the price slide so far; if they are indeed launching qode soon in london or the us, seems to me they should be dropping better hints than the textbook inclusion to prop up the pps. But IMO, what's happened here over the past two years or so has always been a case of management being a step behind, bewildered, and so on (and no, i haven't changed my tune, if you read my posts from the past two years you will see i have been saying exactly this even as i have been buying shares, now to the tune of 2.8 million!)
We were once at .07, when i first bought my huge block of shares. Then out of nowhere TS jumped on the bandwagon and we road to .7. Profit taking ensued. Then insiders sold, stock began to drift. Went into a quiet period. Came out of the quiet period with a flurry of acquisitions that took everyone by surprise, inflated the OS, and charted a new future. Then- a big insider sold, at the same time as a 5 billion share authorization came out. Even TS couldn't prop us up after that, and we drifted even lower. And here we are. None of this was expected, and the bottom line hasn't changed for me and many of us: neom's prime technology, linking bar codes to the internet via the cell phone camera, IE, Qode. Qode succeeds, neom succeeds, and we're back toward 1 dollar. In the meantime we will ride up and down with TS and his followers. As we have all along. Management just has to figure this out, realize a high pps is better for everyone, and start puting out meaningful prs about the partners that I believe they already have.
Anyway, i'm here, holding and waiting like the rest. I appreciate fully JP et al for your great dd and continued investigative reporting. The naysayers, gloom and doomers, and those who can't seem to make up their minds are all fun to read but in the end are for entertainments sake, because it has been and always will be about the tech, here, and whether it will be important enough to overpower management's mismanagement, TS's sway, and the price of dilution.
best,
Joe
Well, publishing times vary considerably, especially when you get into the world of textbooks. Usually it takes about 8 months from when you hand a book in to when it hits the stands; however, they can rush books out as quickly as two weeks (as in the OJ books that came out during the trial). I'm guessing a business textbook, which has to be pretty current, has short lead times.
OT: BTW, am on Opie and Anthony this morning at 8 am. Again i wish i could talk about neom :) More likely i'll be talking about vegas whorehouses the way o&a operate! I love those guys!
Best,
Joe
OT: it's live. i'm waiting by the phone for Rome's call :) I probably should turn off my computer now but i find watching neom soothing after all these years ;)
OT: Hey, how'd you know i was about to go on Rome? :)
I wish i could talk about neom but i'll be pushing my new paperback, Busting Vegas.
best,
Joe
It's like in the first chapter of a really good science fiction novel; something that seems so small and simple is actually the first sign of a huge, life-altering change. Yes, it's just a tiny florida newspaper and an add for a car paint service. But you can take a picture of that add with your cell phone and get a coupon. It's the beginning of something enormous. If neom is part of that, in the long run, then neom will be immense. That's what i believe.
best,
Joe
And so it begins. Newspaper adds you can take a photo of with your cell phone and go straight to a website and get a coupon for the product.
This is really an amazing moment, IMO. Someday very soon you'll have adds in newspapers and magazines you photograph with your cell phone, then go straight to buy the product off the web. Movie listings you simply aim your cameraphone at to buy tickets for. Real estate listings you click on with your cell phone to get more info, directions, anything you need. Seriously, if neom can figure out how to roll this out in a big way this will change the world, the way we shop, etc. I really do hope microsoft and google are watching.
best
Joe
Well, I, for one, am celebrating the upcoming sale of the paint division by buying 200,000 more shares. I've always believed the paint division was a mistake, and unless management gets top dollar for it (and i personally don't believe they'll have made money on this venture when all is said and done), I think i'll be proved correct by this sale. None of this changes what I believe to be the value of Neom; i personally never added the paint division to my calculations for what this company is worth, because paint pales in comparison to what neom is trying to do for the cell phone generation. If qode works, this company is worth a billion bucks or more. Cornell continues to be a necessary evil; Neom's relationship with Cornell which began when the company was truly flailing has made it nearly impossible for them to raise money from anyone other than Cornell; thus the continued need for things such as the debenture. The only way to get out of their Cornell situation is to have qode succeed, to make major revenues off of it, or to have a big player partner up (which is unlikely as long as Cornell is involved, IMO).
I'd love to see NMPR sell for lots of cash and have management use that cash to rebuy shares but that ain't gonna happen. Anyway, this week was the right time for bad pr's such as this; labor day is like shaking an etch-o-sketch, everything starts fresh from there.
My last concern is TS; will he continue to support qode or use this week's prs as an excuse to drop a stock that is hurting his overall percentages? Hopefully he sticks around.
In any event, I foresee us getting a nice jump next week after labor day, with a few major announcements to start off the fall. My now 2.5 million shares are praying right along with me!
best
Joe