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8-K out
http://biz.yahoo.com/e/080804/neom.ob8-k.html
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
DAILY CHART
We certainly blew through what had been a 'spike-high' decline line.
Interesting how we closed just about dead-on with that old support-turned-resistance area at .007.
Nice volume!
C'mon Iain , give us another shot in the arm!
jonesie
LOL , I know , I'm sorry!
It was just toooo funny to pass up with the similar wording.
Meanwhile , .0071 up 77.5% on 43.xMM shares
"3rd day in play" will help tell the tale tomorrow. That's when a lot of traders may be exiting unless another PR comes out or unless evening readers of today's YAGI news are more rosey-glasses about it than I am.
Being off .002 sure is nice!
jonesie
Really?
Yorkville is 'behind' the Series C shares are they not?
All I know is .. there are no Series A shares out there according to NEOM's filings , and JP said 'Series A'.
regards,
jonesie
B.E. , I hear what you're saying ....
.... about being easiest to raise money when you don't need it.
I hope it's cash too. And that the terms aren't too awful. In the past NeoMedia has had to reprice nearly every financial instrument YAGI owns downwards to ever-more favorable terms for YAGI , in order to get each successive loan.
I agree that this could signal YAGI confidence. Hopefully this financing won't provide YAGI the last bit of NEOM ownership they might want to have before confidently taking it away from 'us'.
I know this is kindasorta apples and oranges , but your comment about when it's easiest to raise money exploded a memory bubble in my head. Tobin Smith said essentially the same thing back in 2005, excerpts below:
"It appears that NEOM borrowed $10 million from Cornell Capital to prepare for this deal. Put yourself in NeoMedia’s position – if you had a Fortune 100 firm like Microsoft or Intel considering taking a 19.9% position in your company and a licensing deal for $5 million, would you want to make the final terms with $2 million in the bank?
NEOM is showing a lot of moxie here -- they only get the best terms with MSFT, et al, if they can show they don’t need their money as much as they need their confirmation that PaperClick is going to be the primary technology for machine-read URLs.
To bulk up for the final pricing of the deal, NEOM has taken the big leap with Cornell Partners to secure the funding they are going to need to take them to the next level.
We have had extensive conversations with Mark Angelo, CEO at Cornell, about NEOM and the gist of the conversations is this: They see the big picture at the end of the rainbow and want to be there in a big way. Cornell is an almost-$500 million hedge fund that specializes exclusively in PIPE investments in growth microcap companies.
NEOM is operating from strength, not weakness, in any pricing of an equity/licensing deal at a time when they do not need the money. This is the key point."
B.E. , you can see why I had to chuckle ;)
regards,
jonesie
jonesie
So far still looking pretty good ....
.... it's after 3pm so , as Cramer would say , "stop trading!!"
That will give us a chance of closing way up here lol
Even the 60-minute chart looks good at the moment. (although it's on a 15-minute delay, since I don't daytrade stocks I took of the Real Time feature, just didn't need it.)
jonesie
apartsrep, I hear what you are saying , but ....
.... what do you mean by "allowing"?
Read this and tell me which category you think SA12's posts fall into which would cause them to be removed:
http://ihwiki.stocksite.com/index.php?title=Handbook#Deletion_of_Posts
As a moderator I'm not here to dictate what can and can't be said on this board ... I can only interpret the IHUB TOU rules and administer them.
Whenever there is a post in a gray area I have contacted IHUB Admin and let them make the decision. Nearly all of the posts deleted on this board have been deleted by IHUB Admin.
In point of fact , your post (along with any posts previously deleted on this board) is a clear violation of the TOU.
"Posts about Moderators and/or deletions are also "off topic"."
IHUB stands very firm ... talk about the company (which includes opinions about it and/or its management) or the industry the company is in.
Hope this helps.
jonesie
p.s. If I was to "be all over them" it would merely be a violation of the TOU. Is that what you think I should do? Obviously I have taken exceptions to various opinions expressed here by various posters when they cited certain things as 'facts' ... at that point I and any other poster has a choice ... to not say anything , or to offer other facts or a different interpretation in the spirit of debate.
Volume closing in on the 'Bena Rumor' volume ...
... and should overtake it.
I'm guessing folks were much more motivated to sell into that rumor than they are to sell into the back-to-back iPhone App Store/Financing news. Similar volume has certainly blasted the PPS up much higher than Bena's rumor did.
Hey, we're just about at the same volume now.
GO NEOM!
jonesie
Interesting.
Comparing:
http://finance.yahoo.com/q/bc?s=NEO.F&t=5d&l=on&z=m&q=l&c=neom.ob
Which Series A shares ...
... are you talking about?
Maybe I'm missing something , but what I see says there aren't any out there.
"No shares of Series A Preferred were outstanding as of December 31, 2007."
"As of December 31, 2007, there were no shares of Series A Convertible Preferred outstanding."
http://www.sec.gov/Archives/edgar/data/1022701/000114420408018090/v107957_10k.htm
What does that mean , "has been and continues to be behind the Series A shares, of which we will never know. One or a combination of parties (consortium) may well be behind this latest funding initiative."
jonesie
Yep , we do know that lol
Been living with them for years ... and paying the price.
(Read the board linked to in my signature.)
But we gotta enjoy this a bit :)
jonesie
Perhaps this is our ...
... "'Gap & Go' news"
I would find it unbelievable to fill Friday's gap up now.
JMO
jonesie
NEOM all over the boards (edited)
http://investorshub.advfn.com/boards/msgsearch.asp?txt2find=neom
edited to add: And not just the penny boards! lol
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
It certainly is interesting ....
... and as JP said , it's a first for YA to be quoted in a NEOM PR.
$0.0073!
jonesie
Well , funding from YAGI ....
.... is better than not getting funding at all , but it appears Iain is going back to the same well in spite of his comments to Bena which you posted the other day. I wonder when/if that will change?
*12 Iain McCready Quotes - GoMO News Inteview on 06 June, 2008:
http://www.gomonews.com/first-interview-with-iain-mccready-ceo-neomedia/
01.) I am going to concentrate on funding, moving forward and to concentrate on a sensible footing for the business.
02.) I am going to get strong funding for NeoMedia and turn the company around.
03.) It is capital from strong partners, investors and VCs...we need to get more funding for NeoMedia to make this company happen.
04.) I see Yorkville as part of our future. But I also see new investors seizing this great opportunity.
05.) I will get funding for NeoMedia. I am extremely confident of that fact and we will make this business a success.
Well , he did get funding. That's good.
jonesie
krays, you're right!
lol
Can't wait to see the terms. That 'immaterial' Fully Diluted number will be going up too ... although at today's PPS it's coming down a bit first!
.0068 on almost 16MM shares. The MM's finally decided to let this run a bit more ... maybe maybe maybe they won't pull the rug out!
jonesie
LOL , if this keeps up we're going to need ....
.... a decompression chamber after rising so fast from being underwater so far!
'gotta start the long climb'
Yep , hopefully .002 was the spot 'they' wanted to start from lol
Interesting that we're seeing a higher PPS than we did on the Bena rumor , but on lower volume ... at least so far. What does that mean?
Speaking of the Bena rumor .... did we ever hear what/who that was about? Are we still in the running to be the "one mobile barcode company might be bought soon by a very very very big vendor." ???
Or did another company already get bought?
jonesie
Elliot , good comments ...
I think gaps (and whether they fill or not) are not so much a 'chart phenomena' as they are an indication of the psychology/mindset of those trading in a specific security.
And good point about manipulated BB stocks. MM's will take various kinds of 'news' and/or 'rumors' and help to run a stock , if they want to.
I think the below is part of the answer regarding the actual mechanics of why many gaps fill.
This is quoted from a stock analyst acquaintance of mine:
"gaps are created by rapid moves and rapid moves result in quick profits. Quicker profits mean greater annualized returns which cause people to book them sooner. Because of asymmetrical risk tolerances, i.e. people fear losses much more than they appreciate gains , gaps down don't get filled nearly as much as gaps up do."
jonesie
Nice, over 11MM shares and $0.0054!
Make that $0.0055!
Peeking over a 1-year old downtrend line too!
You stated it exactly correctly clawmann....
... what's termed 'Gap & Go' news can certainly negate what often happens in filling gaps. All kinds of charts are full of such instances of 'gap & go' news.
Generally speaking though , in the absence of such , gaps 'fill' far more often than they don't.
I once heard a really good explanation of the actual market mechanics which cause gaps to fill but for the life of me I can't remember it.
Penny stocks are rife with manipulated 'gaps up' which nearly invariably fill , leaving 'bagholders' who bought above the gaps.
Here's a good example of a more solid stock , our new 'friends' over at Apple. Note some of the early gaps up which never filled. It would be interesting to see what , if any , news caused those. You can also see some gaps which did fill. Again , it would be interesting to see what caused those gaps.
jonesie
Good points tiv111 ....
re: "(tiv) wanted to focus all there energy and money on "ramping up" production in the oil/gas fields"
I think that was very smart , they were getting a little 'spread out' on various fronts.
"opening select tells me they must have or they "anticipate having" the cash flow to do so"
Hopefully so. Surely , with all of the PRs about PV production of one duration or another , "opening Select" isn't going to be the next 'look over here!'.
"Seems the business plan is all coming together as layed out a few years ago."
It sure does seem that way. Taking those PV wells off 'confidential status' would help confirm that , especially since they're not really keeping them a secret. (PRs)
Meanwhile , so far TIV is hanging closer to $7 than $6 , a nice positive change.
JMO
jonesie
lesnshawn , re: "1) Gap"
And that gap last Friday nearly closed too ... there was a big gap between Thursday's close and Friday's open , but intraday trading for both days left only a very small gap between .0028 and .003.
One lousy .0028 trade last Friday would have easily eliminated that particular 'issue'.
Maybe it won't be an issue , that would be cruel!
jonesie
Good drill-down TVDirector, thanks
Got 1MM volume so far. Friday's action perked up the chart indicators a bit but today's action , especially if it has some volume and holds at least .005 , gets us above the .004 ceiling which has been holding us down for a while and breaks us out of that decline in 'spike-highs' we've been seeing.
At least with this morning's trading we don't have another gap up. Hate to see those. Hopefully the powers-that-be (MM's , YAGI , Iain) want to start a sustained run and/or have some more news up their sleeves.
JMO -jonesie
Yep, $650 won't hold it there ....
.... hopefully those penny stock sites like tradingmarkets.com have a wide readership lol
Let's go!
jonesie
lesnshawn, re: 'Trades Page' ....
... I can't get it to come up in Firefox for NEOM , nor in IE.
Got an AMEX stock up on it.
I asked about it on the Q&A board , I see they've had problems with it before.
jonesie
Trades Page
Sometimes it works, sometimes it doesn't. I just tried it in my normal Firefox , and then IE just to see , won't come up in either browser.
Is it just me?
Hmmm, just got it to work on an AMEX stock but not on an otcbb stock, although it usually does.
TIA for any advice :)
jonesie
"withholding ScanLife from the App Store"
LOL , now that would be hilarious! I hope
that's what happened!
jonesie
Ah, gotcha B.E., thanks.
NEOM's staff could be getting put to the test shortly with NeoReader being in the iPhone app store now. Perhaps they
have geared up appropriately for it.
As you said ... tactics and strategies.
jonesie
That's a good point re: EZcodes Sean.
And it's good to see the patent verbiage in Apple's submission terms.
However , I seriously doubt (based on nothing other than my opinion lol) that Apple is taking the time or incurring the cost to do any sort of 'patent investigation' relative to any of their 1000's of submissions. Their verbiage just puts a developer on notice and probably also gives Apple the CYA they need in the event of a transgression.
jonesie
New higher HOD and decent volume
.004 on ~10MM shares
It would be SOME exciting to see some 10's of millions and/or some hundreds of millions one day. Here's hoping!
jonesie
A quick look shows this as Apple's stance:
To be considered, you submission must meet the following guidelines:
* You must agree to the iPhone Web Application Submission Agreement for all materials submitted for consideration.
* Your submission must conform to the iPhone web development guidelines in effect at the time of your submission.
* Your submission should have a complete feature set (stable releases and demos are preferred to beta software).
* Your submission (and the content displayed in or through your submission) must not violate or infringe the intellectual property rights (including trademark rights) of others.
* You must either own all rights to your submission and the content displayed in or through the submission or have written authorization from the owner(s) thereof.
* You must provide at least one working link to access your submission.
https://daw.apple.com/cgi-bin/WebObjects/DSAuthWeb.woa/wa/login?appIdKey=D534F5C413E680ACBC861EE8025883117C9705F90893AF782751628F0291F620&path=/iphone/index.php
Early reviews on NeoReader's app download page at iTunes
Mixed. Some good ones. An ouch or two. And a familiar sounding 'good recognition, Apple!' :)
Well , I hope we'll get some continuation ....
.... certainly at .002-.002x some flippers 'accumulate' short term to flip on the next PR/rumor/buzz du jour/bounce. Perhaps we're seeing them sell today?
Not sure that kind of 'accumulation' counteracts the months of distribution/NON-accumulation we've experienced, specifically the three months you were inquiring about here 4 days ago , as opposed to the 'couple of weeks ago' you reference today:
7/28: "for the past three months or so."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31034888
7/28: "but isn't it true that during the past three months we've traded in a pretty narrow range--.002 to .004---with hundreds of millions of shares traded. Wouldn't that indicate accumulation?"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31035165
Then on Monday 7/28 (not "Wednesday") "someone" said CMF(20) has been bearish over the last few months.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31035068
It's interesting to note the busted uptrend (uptrends often speak to accumulation lol, downtrends 'typically' don't , but there are always exceptions) along with the declining 'spike highs' we've seen over the last 5-6 weeks. It will be interesting to see whether NEOM can get through that .004x area ... or not.
Hope this helps and regards,
jonesie a/k/a someone
Will do lesnshawn
Have to wait 15-20 mins after closing for that 'delayed' graphic to update thru 4pm, but will do.
jonesie
Thanks for the explanation B.E.
That certainly makes sense out of Bena's comment.
"but the cost vs. revenue (zero for direct-encoded reads) for the end-user, phone-based applications are significant."
Let me see if I understand that correctly, based on my assumptions .... the NeoReader is already developed , ergo that cost has been incurred; downloading the app and installing it I guess is at no cost(?) , at least for someone with a data plan.
Is there a cost to NeoMedia for someone using NeoReader for a direct-encoded read , or some other cost I'm not thinking of?
jonesie
The PPS might not have ....
.... anticipated , but CMF(5) did go green a couple days ago , indicating more money flowing into the stock than out.
Today's action so far yanked a lot of indicators into nice positions.
Hate those gaps , especially on seemingly non-blockbuster non-GAP & GO news , so we may have to deal with the gap later.
A one-two punch on the news front would be very cool.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
And the iPhone could well be a nice driver of that ...
... its large screen , cool UI and 3G speed , and similar features on iPhone-clones , will have people doing a lot more web-based activities than before IMO.
Here's hoping that will convert into revenues for NeoMedia before too long!
jonesie
By definition that is partially correct ....
.... but that's not all it means.
By default , if an app shows up in the store it had to be reviewed and ultimately 'approved'. However , the term 'endorse' used in most contexts implies more than just saying 'it passed our app development rules'.
2 a: to approve openly <endorse an idea>; especially : to express support or approval of publicly and definitely <endorse a mayoral candidate> b: to recommend (as a product or service) usually for financial compensation <shoes endorsed by a pro basketball player>
Anyway , I was hoping I had missed Apple coming out and ENDORSING NeoReader as is implied by "Having Apple endorse NeoReader". But apparently not.
JMO and you have yours.
jonesie
Well , I figure the PWC space ....
.... is much like any other 'space' in this regard , therefore no education on the subject required. A company (like Apple) either endorses a product or they don't.
Hold-harmless verbiage notwithstanding , I have yet to see anything which would indicate that Apple has proffered any sort of "endorse"ment of NeoReader at all , therefore any statement at this time stating they have endorsed it is misleading at best.
jonesie