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I'll give you my view of the answers to your questions regarding NEOM:
1. Did they ever have it (control)? Yes over some shareholders who now realze they were used and abused.
2. Why hasn't quode made us any money yet? Because it was not ready to go to the market three years ago, though some promoters said it was. Because they have not sold the product to anyone of significance who has implemented its use. And because there are similiar products, like MSFT's that have better channels of distribution then NEOM could ever hope for.
3. Is this company a scam? Initially probably not; is it now a scam, likely only for new buyers of the stock.
4. Has Chas taken our money? He did cash out for a number of reasons at various times, and always doing so while he proclaimed the stock was a great buy - a buy for someone else, not his money though.
5. How often do I need to ask these questions? Until reality has completely sunk in.
Regarding my post about what brokerages / individuals were big promoters of NEOM and when, thank you to all who sent a PM. A special thank you to phoenix69 for the insight and information.
Regarding the promoters of NEOM (thus it is on topic and realtes to NEOM), does anyone know what brokerages ever promoted NEOM, or if any 'boiler room' operators were ever involved in this stock? I ask, since a friend of mine has been speaking with his attorneys and is looking to gain any and all information they can on who was involved in what aspect of promoting this stock. It will take a long time to unravel who promoted what legally and illegally, but my understanding is, that it is not going to be brought forward for the sake of compensation, but more for vindacation of exposing those who may have cheated, or lied to others. This assumes there were lies being told, of course - but that maybe determined by a court in time I suppose.
Thats what I concluded a long time ago; that customers are not interested in doing business with NEOM, not because of the product, but because of the management. You may like the car, but if you do not trust the salesman, you take your business else where right? Same thing here, and given the competition of bar code readers, it appears that getting around this management team and what they want is easily accomplished. I just wish I had realized the type of management that was and still is running NEOM much sooner than I did - would have saved a lot of money had I.
So does your reply to Alan's post mean that it is not NEOM's management that has created the problems and limitations to date? Are you suggesting that the financial mess of this company is due to its customers?
Thats what I mean, next to no actual buying (not placing their own cash in this company), but they have no problem awarding themselves free shares that they are obviously willing to sell in the open market. Surely no one can justify such actions by board memebers? If the board does not want to hold free shares in their name, and would rather the cash, based on NEOM board's actual actions of doing this, clearly what level of confidence do they have? I realize they may 'own' many more shares, but when you give yourself free shares, what value do you place on them? Possibly they place the value at what ever they sell them at, and not one or two sales, but multiple times they sell. Just stating a fact about NEOM's board and what their actions are regarding NEOM shares.
Would these types of transactions not indicate that NEOM is in fact a pump-and dump; based on the definition of pump-and-dump and what the directors have in fact done with their shares regarding NEOM? A realistic question about NEOM - just asking about this company.
My question about NEOM is this: If what they are doing NOW is going to work so well, then why did all their plans of the past fail. If it was due to lack of competance, than are shareholders to beleive that they are now competant? Or are shareholders to beleive that they need new people who know their business better than the people who started it? It seems to me, they go from one desperate situation to another, there will come a time that there are no options left. Would you agree JP, since you are the number one supporter of this play, that they are running low on time and their back is in fact against the wall this time?
Sure you do; look at the chart of NEOM, does that not qualify as a warning? (on topic asking a qustion about NEOM's chart and what it says - keeping within the required parameters).
"Sucked the life out you.." Well NEOM and suck in the same sentence is about right. I only look in here every so often, has anything occurred at NEOM in the past month that makes them more viable, sold any contracts, partnered with a real firm with real clients and real revenue, or is just business as usual at NEOM; that being no news worth noting on the positive side.
Where are they moving to agian? How much space do three people need anyways; the CEO, the wheelman and the look out guy - besides that, what do they need? LOL But where are they moving to, how much downsizing are they doing? Not a good sign of a growing company re; NEOM.
Okay, so no humour is allowed; got it. To keep the post legal, I would like to mention that NEOM's management is lousy and the company is lousy and they are likely to close their doors before anything good ever occurs at their HQ, in my opinion, REGARDING NEOM.
Thank you, I'll do that. Could you answer this question for me, I hope so. If a post was removed, and there was not a good reason for its removal, will it be put back on the board or does it have to be reposted again from scratch? Thank you for your time.
Did anyone hear or see who the buyers were, a specific name or company name of the buyer?
I was impressed that they were honest and said they had no option but to accept the 13% interest rate as their backs were against the wall and there was no time to obtain better terms from other sources. I remain a non-buyer at this point and would wait at least a year before considering it, but I was impressed with the non-spin and the reality they presented today compared to past calls. I had to laugh at one of the questioners and the attempted pump the caller tried, even the company did not thank him for that.
As I wrote, LOL, it was a joke, a jest, have you lost your sense of humour as well.
If a person drowns in the shallow end of the pool instead of the deep end, is he still dead? As for the $ 5 million operational cash flow difference; this operation flows cash from issuing shares and borrowing. So maybe they count the recent net $ 5 miilion borrowed as operations - lol.
When you wrote this, did you expect the dilution to be as sever as it is?
"Hats off to management", if they lost three times more money, would you say this is a "hat trick"? Your optimisim is admirable. Misplaced, in my opinion, but admirable. LOL
Only if it goes up shortly afterwards? Then I guess I have no worries. And what criminal act is it exactly, a reference to this fairly tale criminal law would be interesting.
An opinion on selling or buying is criminally stupid? That is the ssingle stupidest thing I have heard in a long time.
If the current price fell in half. And then fell in half after that. It would still not be a buy. I wonder if any of this company was ever actually viable or has it just been a long scam by insiders and financing companies? Honestly, if it was ever viable, then this has to be one of the greatest mismanagement jobs in the history of penny stocks.
Well clearly the loss is a result of accounting and not cash flow - this company has never and will never see that much real cash (not simply stock issues) in any twelve month period. But borrowing at 13%, now that is impressive and that 13% is after paying a 10% up front fee for the money. That's a heck of an application fee even for last chance financings. If anyone suggests there is hope on this stock in the next year, or suggests this is a buy at anything above a penny - they are either lying or just beyond reason. Sell it, take the loss, get the tax use, and don't look back - train wrecks are ugly.
So well put.
Two years ago, maybe more, they displayed the uses of their cutting edge technology at the wireless house at CTIA. What did that get them in terms of contracts? Or were they just two years ahead of everybody else at CTIA? Seriously, they attend CTIA year in and year out, as does every large and bit player in the industry, but besides a free trip for management, what does it accomplished? What is the actual tangible accomplishment after all these repeat performances at this show?
What does Intel buy from NEOM? How much revenue does Intel create for NEOM? I ask you, since you are mentioning that INTEL does business with NEOM, or imply it anyway.
Maybe every other company wanted to know what NEOM strategy is so they could all do the opposite; given that management has not done anything right so far, the averages say they will continue on this same path. Blah blah blah they are turning this corner and that corner, so does a bathroom flush.
Thanks, and thanks to others who PM me with much the same message. I do not come here often, unless my other holdings are down and then I come here, so I can cheer myself up with this thought about my other stocks...I say to myself..."Well atleast is not Neomedia"...and then I feel better. LOL
Hey I sold beginning at 40 cents and posted it AT THAT TIME. I continued to sell, and sold the last of this at 5.8 or 5.9 cents back in November 2006 - and I posted it AT THAT TIME as well. An expert on BS companies that lead people to have fake hope - yes sir, I can spot that okay. But I spotted this one too late and lost money on it. I was in awe of all the DD that was posted here and did not realize the behind the scenes motivation some on this board had/have. I bet many reading this will agree that they thought the great dot connectors were on to something, not just a bunch of pumpers. Now lets post some articles that have nothing to do with NEOM, it at least makes the board look busy.
Nor has all the DD posted on this board accomplished much but convince good people to continue to hold from 40 cents down to 4. Try poking holes into the DD that pops up around here instead of trying to salvage the ideas as plausable. Better to be snide than a pumper with the intention of hurting good people.
Why was there a meal being served? Or were they providing catering services? Otherwise, why would they be anywhere near a meeting about an industry that has passed them by along time ago.
She is correct, it will be an impressive trick if it were to work. Up till now it has all been smoke and mirrors.
Removing my post was not required; where is any sense of humour today? Come on, if you can still hold NEOM, surely you can take a joke.
Nice edit. But in the end he died, so the report was not wrong - just early. LOL
You can't be serious? I guess those over valued, revenue generating companies like Microsoft, and Google and every other company better get out of the way eh? Please, hope is useful when there is a glimmer of it still remaining; the lights on this cabose are out buddy.
I don't think that NEOM controls the patents anymore, do they? They gave control of the patents to Cornell in the $ 5 million financing they received as memory serves. As such, if BK occurs, the patents are pledged to Cornell as security. Which makes you wonder what they are really worth if all they could borrow against them was $ 5 million. Tells you how sharp Cornell is, or how desperate NEOM was at the time to keep the lights on.
Have a great day, have to go trade some real stocks and invest in some real companies that do not rely on their investors to devise, implement and control the marketing plans. How is that MySpace, Youtube marketing plan going anyways? See you in a few months or when real news occurs; in other words, see you in a few months.
I suspect the text book that NEOM is in by McGraw-Hill will be just that; a case study on how not to run a company, and what leads to BK. It would be a perfect example of mismanaged affairs, poor marketing, lousy financial controls and lack of intelligent use of the equity markets for financing. Actually for the worst case scenerio chapter of a business book, this company gets a gold star.
How hard is it to figure this out? They have not created any revenues, they could not get proper financing, so they issued far too many shares and spent the money on down payments on companies they could not afford. They are in a 'hot' sector, yet the company does not move forward, or sign any significant contracts. The possibility of a buy out of a nickel company is laughable, what will they offer you, seven cents? Lets be fair here and call it like it is: All the dot connecting got you nowhere but greater losses. All the articles never mention NEOM, and why would they, NEOM is a smudge on the floor, not worth cleaning up. BK is more likely than ever - and you congatulate the dot connectors? For what, helping hold those with a lack of skills in a stock that tanks, and tanks and eventually vanishes? Ya, that is something to be proud of. Way to go on the DD, did all that DD lead you to conclude the stock would be at a nickel? If not what use was it?
THE most realistic dot connecting post I have read here during the last year. Mind you, I do not check-in here very often anymore.
The other day there was much talk about going BK; what triggered that? I did not see actual news to that affect, yet. But I assume there is more consideration given to that possibility now?