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That's a step in the right direction. Still a long way to go.
http://www.insidercow.com/history/company.jsp?company=neom
Today's 100k "P" sits alone on top of a very very long list of "S".
Maybe that's why he's now selling a service to pick "short targets". Obviously that's his forte.
Just think of all the money you could make if you had, instead of buying, sold short all his picks after their spike on his rec. Wow..
They can keep my PUPS shares if it helps..
LOL.
If NEOM as a company cannot afford a "buy-back" program in the near future (very likely given our considerable debt obligations forthcoming), then management ought to step up to the plate and start spending some of their own income on propping up the price. Similar to Jay Wright's program at MOBL.. If these prices are truly "basement bargains" then shouldn't insiders back up their truck? Instead, for whatever reason/excuse, they have only been adding to decline with their dumping.. Not a good show of their faith in our future.
Joe:
This is turning into a spitting contest. I'm surprised TS hasn't been told by his lawyers to shut up. I'm even more surprised NEOM's lawyers have not yet filed for an injunction to make him shut up. If NEOM is going to bring a lawsuit (which they are representing) they need to do it quickly -- otherwise it looks like they were just slinging mud with no substance.
KoKo:
I believe the context in that section (7) of disclaimer is referring to the company's intentions in their own transactions - probably just reinforcing that the editor's buy and sell targets revealed in the content of subscriber letters are not to be construed as offers to contract.
Thank you, management!
Beacon:
That exact line of speculation has already been "pondered" and discussed. Mods decided to delete it all though. I would post my thoughts again, as I find it interesting discussion, but it would be a waste of time and effort since mods would surely delete it (again).
Nice find. We can speculate they (neom) opted to settle with the "3rd party", and did so by negotiating a payment (300k?) to be issued in shares. From the PR, amount was to be determined by the closing price on friday, and the "3rd party" - by manipulation - gave himself a nice 36.9% bonus from the amount of shares he would have gotten from Thursday's closing price.
I think that about covers it.
Recall Friday afternoon, various brokers halted trade of NEOM for "suspected price manipulation". I wonder if NEOM got the word out to certain people (SEC?) of this blatant act as early as Friday?
The question I'd like answered is, did changewave advise the sell on SS's reccomendation (the contributor) or from TS's "conversation with NEOM mgt"? TS could possibly wiggle out of this by playing dumb and pinning it all on PP/SS, but it might be a tough defense to sell.
StreetStylz:
Not sure where you got your information, but the actual drop from yesterday's sell-off was 37%. Not 69%.
Anyone heard from the good Dr.? I hope he made it through the day ok.
Yes. That was a rhetorical question.
If they did (care about shareholders, pps, etc), they would have sent out an update a long time ago.
At least the insider unloaded his millions of shares a few months ago! That should have been the writing on the wall. We are surrounded by crooks (TS, etc)
TS accumulates his stock before he issues his "BUY" rec.
Stands to reason that he also unloads before issuing the "SELL" rec.
Just reviewed NEOM's "shareholder FAQ" and boy do I feel better.
Is neom committed to increasing shareholder value? "Yes, absolutely"
Great, that's good to know.
http://www.neom.com/docs/investor_relations/2006FAQ_Shareholder_Questions.pdf
How about some response to the shareholders NEOM? If they are so concerned, I think we would have seen a letter/update - anything by now.
I wonder exactly when TS decided to sell. He had over 1M of his own shares to unload, before he sent out "sell alert". He must have been really convinced to unload his recent purchase of 500k shares he bought at .20
He alluded to his "inner circle" a few weeks ago that he might be selling.
Clawmann, are you going to organize a class action? Maybe you can recover your losses with attorney's fees.
I'm curious as to what this textbook is going to write about in regards to the "Qode Launch". Nothing much to mention so far...
NEWscorp comes after NEOmedia. Are we supposed to infer something besides alphabetical order?
I'll take anything at this point.
Banks, you are correct. I see those green links everywhere. I believe they look for keywords in the text of the article and associate ads to those words. Definitely not NEOM-related.
Because people who are looking to sell will do so when news is released.
Will you guys drop it already? I thought this was a NEOM board, not a Dr Mike bashing board. Please, move on...
Instead of sharing in the pain, management added to it by selling "emergency" shares before all this news came out.
I still find it appalling that it supposedly took shareholders to point out that it "was not the right thing to do" before he stopped his selling. How hard is to figure that one out on your own?
They are selling the technology, not the marketability. Perhaps they changed the name hoping to drum up some business, but were forced to sell before realizing the benefit?
That's probably a stretch.
Predictions for the opening trade?
I'm guessing somewhere in the .135 range.
"Another truth is that the public is not privy to everything going on with the company..."
Are you suggesting that you are?
Just a few days ago you were telling us it was our last chance to buy under .15, and that we'd thank you later. No offense, but you haven't proven to be very credible thus far.
Success or others: Anyone heard from JP?
Wonder what he thinks about all this.
Wonder how much they can sell a struggling paint division that only looks good on paper thus far? If another company buys it up in this fire sale, and turns it into the cash cow it has always been said to be, what does that say about our management's ability to execute?
It's really too bad we couldn't shake things up before the ASM. Neom might not be around next year to vote out current management.
There goes the cash cow..
I wonder if we see the 5B authorized shares come into play now. Wouldn't that just be nifty?
Maybe not directly from the selling pressure, but rather indirectly by contributing to shareholder concern and general uncertainty.
YJ -
"The selling pressure is continued profit-taking from relatively few retail shareholders IMO. "
I don't think there is much profit to be taken at this level. I'd say it's more like cutting losses. Most here are down well over 50%. For those who bought in the .60's, it's closer to an 80% loss.
"His word is his bond"
I'd like to believe that as well, but what makes this commitment more achievable than others in the past? I can think of one or two that have gone by unfulfilled. The Word Registry auction that never happened in January, the "Check 21" campaign that was swept under the rug (per Personalizit) and the "NMPR = cash cow" prediction that is obviously not happening.
At the risk of sounding like a "basher", when are we going to see some follow-through with all of the talk? I'm finding it harder and harder to "buy-in" to any of management's claims.
It seems like we've been through several iterations of "this will be the real revenue generator".
Yeah, that's quite an understatement. But I don't necessarily believe that the citizens in question are better off for that particular fiscal policy.
Is it possible to quantify how much this "donation" will affect NEOM's bottom line? Are there perhaps tax write-off implications that will result in an overall neglible effect?
I recall a few months ago, that TS claimed to add 500k shares around .20 - when this accumulation was complete he submitted his last big NEOM pump, where he claimed we would see .40 by the end of the week! I believe it made it to .30, but of course fell back quickly. The only question is, did he sell the new shares into that run?
Looks like a photo-finish between MOBL & NEOM to see who drops the most % today.
Fat Finger trade of .0234. Someone got robbed. Gotta be careful of that decimal point.
Interesting - that article was posted 3 months after the LOI announcement.
Is there anyway to find out when the new website was created?
Quisling: A traitor who serves as the puppet of the enemy occupying his or her country.
"If the shoe fits".