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"as it would be coming from CH directly"
"the efforts of CH"
Oh well.
Two interim CEO's in a little over a year.
Obviously with NEOM one can NEVER assume that anyone is actually accomplishing anything when they aren't saying anything , because time and time again every one of those assumptions gets thrown off a cliff to be dashed on the rocks below.
jonesie
Unbelievable. Truly unbelievable.
Next level up , or next level down?
I wonder if Chip gets to exercise his 'golden parachute' and walk away with another XX months salary? Or is he moving on to new activities within NeoMedia? Do we have to guess , or is it not as ambiguous as it seems?
jonesie
Website changed.
Now says "was".
Changed in the last few hours.
jonesie
It thinned out to 4 during the ET lunch hour
At least per Fidelity.
More MM's on the bid at .002 now.
I count 10
Gotcha.
Your "0.0006" threw me off.
I did make a correction to my original calculations.
"Do that same (1:1000) R/S at today's closing price (0.0025) and they end up with something like 27,356,525 divided by 28,424,901 or a percentage of ownership of NEOM on a stock basis of 96%."
They've only got a billion shares actually "out"standing, a Fully Diluted number at a share price of .0025 could be approximately 28 billion. (prior to what is only a speculative R/S)
I was simply hypothecating to illustrate how the 'fully diluted' number continues to go up (and to exceed the authorized number of shares) as the share price goes down, and I made some linear assumptions which might not be entirely correct.
It's probably close.
jonesie
re: OEGY, yep
After an interim dip, OEGY is slightly above their PPS when YAGI was paid off (by Quercus?)
re: "so what's that stock you noticed has 30 billion shares out and is trading at .0006?" .... I dont' remember. Which stock?
MONTHLY PRODUCTION REPORT
Maybe next week.
The bid at .002 has thinned out a bit
I suppose that could change
At least there's a bid at .0018 now, earlier it was straight from .002 to .001
Thanks Chip. Thanks George. Thanks JJ. Great job.
Chas says he is
Chairman of NEOM's BOD anyway
http://www.gopsgroup.com/about.html
Another of George O'Leary's "turn-arounds" ....
.... moved over to pinky-land.
(George seems to be one of Yorkville's 'point men' going in to various clients and 'consulting' for a while , for pay , as a 'turnaround expert'.)
First FMDAY changed to FMDAY.PK under his CEO control
Now NSEOE.OB has changed to NSEO.PK
Awesome 'turnaround' work. He keeps turning them upside down and on their ears.
NEOM and/or George O'Leary-related stocks and their current PPS:
DPFD.PK 0.0015
FMDAY.PK 0.75
NANS.OB 0.0051
NEOM.OB 0.0025
NGNM.OB 1.00
NSEO.PK 0.0006
SMTR.OB 0.0002
ISON.OB 0.0290
MOBL.OB 0.0016
TREN.OB 0.10
Another of George O'Leary's "turn-arounds" ....
.... moved over to pinky-land.
First FMDAY changed to FMDAY.PK under his CEO control
Now NSEOE.OB has changed to NSEO.PK
Awesome 'turnaround' work. He keeps turning them upside down and on their ears.
There are 4 NEOM- and/or G.O.-"related" stocks trading lower than we are.
2 have 3 zeroes before the first number in the PPS.
DPFD.PK 0.0015
FMDAY.PK 0.75
NANS.OB 0.0051
NEOM.OB 0.0025
NGNM.OB 1.00
NSEO.PK 0.0006
SMTR.OB 0.0002
ISON.OB 0.0290
MOBL.OB 0.0016
TREN.OB 0.10
Yep.
At least that could save money on those pesky SEC filings.
jonesie
.<font color=#006400> SYMBOL CHANGES
1 actual symbol change
1 failed to report on time adding the 'E'
2 lost the 'E' by moving to .PK-land
ADVC.OB TO ECGA.OB
AVTI.OB TO AVTIE.OB
NSEOE.OB TO NSEO.PK
SVMIE.OB TO SVMI.PK
Agreed , that would be an ugly way ...
... for them to do it. A 1:1000 R/S while leaving the authorized the same could yield YA 96% ownership of NEOM on a stock basis.
Not that shareholders like that sort of thing very much either lol.
1:500 would accomplish the same thing: giving YA the opportunity to 'own' every share they have rights to at a PPS this low.
A PPS of .10 earned by actual productive results would get the 'fully diluted' number back down below the AS as well and YA could exercise their full rights ; shoot , a PPS of less than 2 cents does that lol. YA would own less a % of the company but wow , they could sure cash in some awfully cheap shares.
Hey, maybe a 1:1000 is the way to go. That would leave plenty of authorized share 'overhead' for our equity stake investor ;)
jonesie
Ninja200 , I certainly can't speak for SA12 ....
.... but I will offer that SA12 isn't necessarily intimately familiar with NEOM. I asked him a generic question about Authorized Shares vs Fully Diluted share counts to get his general input from his perspective which is far more knowledgeable than mine in these areas.
That having been said , yours in an interesting question and I'll take my own layman's stab at it ... and then SA12 can correct me and/or add to it as appropriate lol.
Also , I'll be trying to keep this in as general a context as possible rather than becoming too stock-specific , as this board is not all that stock-specific but rather more oriented towards Yorkville practices in general.
Why would an already-controlling financier want more shares in any company? As you correctly point out , in a situation where every company asset including IP is pledged to Yorkville per one instrument or another , plus Yorkville already has 'rights' at the current PPS to far more shares than an Authorized Share count allows for .... why would they want more?
Absolute greed? Total control? Every possible future dollar that might accrue to a company's success/earnings and/or its IP? It's all about the money IMO , they're in the money business.
My conjecture in a situation like this is that Yorkville might simply want all of the shares they currently have rights to , including a share count which might be currently denied because that count is over and above an Authorized Share count limitation .... or that they want the percentage of ownership represented by those shares.
Since I can't entirely escape NEOM-specifics lol , YJ speculated that since common outstanding "on May 9, 2008 was 1,068,376,229 (actually he used 1.2 billion but I don't know exactly why) and since the Authorized is 5B , the most shares Yorkville could possibly own would be 5 billion - 1.068 billion , or slightly less than 4B.
If they did manage to convert their instruments and max out , that would give them a tad less than 80% ownership of NEOM on a stock basis. That's all they could ever sell.
Now plug in a reverse split scenario.
If a Yorkville Client does a R/S of 1:1000 and keeps the AS the same , then Yorkville can convert/exercise all of the shares they have rights to , including those that previously exceeded the AS cap limitation.
If that R/S had been done on 3/31 when NEOM was .008 their rights to approx. 8.6 billion shares would have become rights to 8.6 million shares , and our previous 'outstanding' of 1.068 billion would have become 1.068 million. AS still = 5B , so no problem on that issue.
NOW Yorkville's percentage of ownership of NEOM on a stock basis is 8.6 mill/9.668 mill or 89%.
Do that same R/S at today's closing price and they end up with something like 27,356,525 divided by 28,424,901 or a percentage of ownership of NEOM on a stock basis of 96%.
(See the P.S. below for a correction to some calcs I made on the NEOM board , the numbers in the preceding paragraph are corrected numbers.)
So , if YAGI thinks any client might be worth sometime in the future , would they rather have 80% ownership or 96% ownership?
Or , if YAGI simply wants to continue selling shares on the open market , with prices going up and down according to what PRs are or are not being released , the more shares they have to sell ... the better.
(Note, they 'own' assets including the IP only in the event of certain defaults , assets which they would have to 'foreclose on' to gain. Perhaps it's just easier not to enforce the defaults and to play the numbers game and own 96% , I don't know.
I'm not sure what 'claim BK as a loss' means unless they're looking for some losses to write off against gains on other companies from a taxation standpoint. I suppose they could pick a client every now and then to write off that way , but not being privy to their financials we have no way of knowing if they in fact do that sort of thing.
JMO and of course wtfdik lol
jonesie
P.S. Earlier today I said:
"at yesterday's closing PPS of .0025 what might that Fully Diluted number be?
If we take out the ~1 Billion outstanding and assume the rest of those 8.6 Billion "maybe"-shares are somehow all tied to the share price and increase in number as the PPS declines ....
.... we might come close to an answer with the formula ( 9,617,290,165 * .008 ) = ( X * .0025 ) where solving for X tells us that at a PPS of .0025/sh our Fully Diluted share count could be approx. 30,775,328,528 shares."
That should have read:
at yesterday's closing PPS of .0025 what might that Fully Diluted number be?
If we take out the ~1 Billion outstanding and assume the rest of those 8.6 Billion "maybe"-shares are somehow all tied to the share price and increase in number as the PPS declines ....
.... we might come close to an answer with the formula ( 8,548,913,936 * .008 ) = ( X * .0025 ) where solving for X tells us that at a PPS of .0025/sh our Fully Diluted share count could be approx. 27,356,524,595 shares."
I guess we'll have to disagree on that one ....
.... with my disagreement stemming simply from NeoMedia's own usage of that higher number.
NeoMedia itself stated in the 10-Q that the "fully diluted" share count was 9.6 billion shares. That's obviously over the 5B authorized, yet that number is stated.
To me that part of the 10-Q says that if every financial instrument , option/warrant/convertible debenture/preferred share/etc they're on the hook for had been exercised/converted/whatever into common shares as of 3/31/08 and at the closing PPS on that day (0.008) , that's how many shares of common those instruments would have generated.
I'm not saying Yorkville/etc could do that with the current constraints of the 5B Authorized , I'm just saying that apparently that's a valid number used in making certain calculations.
Then of course I went on to outline a scenario wherein all common shares outstanding ( plus shares "potentially outstanding" in a 'fully diluted' situation ) could be proportionately reduced in number per the ratio of a Reverse Split ... and the Authorized could be left at 5Billion.
jonesie
Not sure I agree with that.
AFTER a 1:1000 R/S why wouldn't all of YA's 'rights' based on the current share price be proportionately reduced , so that funky 32 billion number would change to 32 million?
Which, IF the AS was not changed (seen it happen before) would be a legit number for them to have 'rights' to?
'Our' number would be 1-1.2MM, agreed.
jonesie
SHORT INTEREST AS OF TRADE DATE 5/12/08
Short Interest for TIV as of Trade Date 5/12/08:
2,340,630 shares.
Short interest was up 20,005 shares during the most recent reporting period. This period covers trading from 4/28 through 5/12.
Month-----ShrsShort---- % Change
---------------------------------
May 2008 - 2,340,630 ------ +0.86%
Apr 2008 - 2,320,625 ----- (-1.61%)
Apr 2008 - 2,358,507 ----- (-1.16%)
Mar 2008 - 2,386,251 ----- (-0.30%)
Mar 2008 - 2,393,494 ----- (-0.37%)
Feb 2008 - 2,402,283 ----- (-0.43%)
Feb 2008 - 2,412,708 ----- (-0.17%)
Jan 2008 - 2,416,782 ------ +1.88%
Jan 2008 - 2,372,266 ----- (-0.40%)
Dec 2007 - 2,381,745 ------ +0.02%
Dec 2007 - 2,381,262 ----- (-0.02%)
Nov 2007 - 2,381,837 ----- (-0.83%)
Nov 2007 - 2,401,841 ----- (-3.97%)
Oct 2007 - 2,501,137 ------ +0.71%
Oct 2007 - 2,483,500 ----- (-0.30%)
Sep 2007 - 2,490,932 ----- (-0.84%)
Sep 2007 - 2,511,943 ----- (-0.56%)
Aug 2007 - 2,526,079 ----- (-3.35%)
Jul 2007 - 2,613,736 ----- (-4.92%)
Jun 2007 - 2,749,037 ----- (-0.42%)
May 2007 - 2,760,565 ----- (-0.39%)
Apr 2007 - 2,771,400 ------ +1.82%
Mar 2007 - 2,721,853 ----- (-0.57%)
Feb 2007 - 2,737,463 ------ +1.64%
Jan 2007 - 2,693,334 ----- (-2.77%)
Dec 2006 - 2,770,185 ----- (-1.5%)
Nov 2006 - 2,811,009 ---- (-11.9%)
Oct 2006 - 3,192,293 ---- (-2.27%)
Sep 2006 - 3,266,297 ----- +0.09%
Aug 2006 - 3,263,093 ---- (-5.04%)
Jul 2006 -- 3,436,104 ---- (-17.3%)
Jun 2006 - 4,156,544 ---- +13.87%
May 2006- 3,650,143 ------ +1.83%
Apr 2006 - 3,584,379 ----- (-5.41%)
Mar 2006 - 3,789,445 ----- (-4.23%)
Feb 2006 - 3,956,897 ----- (-3.56%)
Jan 2006 - 4,102,837 ------ +3.86%
Dec 2005 - 3,950,446 ----- (-1.88%)
Nov 2005 - 4,025,937 ------ +5.01%
Oct 2005 - 3,833,789 ------ +1.39%
Sep 2005 - 3,781,376 ------ +9.56%
Aug 2005 - 3,451,421 ----- +24.25%
Jul 2005 - 2,777,900 ----- +39.66%
Jun 2005 - 1,989,039 ----- +20.65%
May 2005 - 1,648,631 ----- +40.68%
Apr 2005 - 1,171,931 ---- +113.52%
Mar 2005 --- 548,854 ----- +86.95%
Feb 2005 --- 293,590 ---- +327.46%
Jan 2005 ---- 68,682 ----- +96.67%
Dec 2004 ---- 34,923 ----- +37.38%
Nov 2004 ---- 25,421 ----- +10.40%
Oct 2004 ---- 23,027 ---- +408.66%
Sep 2004 ----- 4,527 ---- (-59.68%)
Aug 2004 ---- 11,227 ---- +132.59%
Jul 2004 ----- 4,827 ---- (-31.31%)
Jun 2004 ----- 7,027 ----- +55.22%
May 2004 ----- 4,527 ------ TWBFTS-
Apr 2004 ----- 4,527 ---- (-94.73%)
Mar 2004 ---- 85,881 ---- (-13.21%)
Feb 2004 ---- 98,951 ---- (-00.88%)
Jan 2004 ---- 99,833 ----- +00.89%
Dec 2003 ---- 98,951 ---- (-18.30%)
He knows whereof he speaks.
I've enjoyed his objective commentary on various stocks over the years.
re: "and the potential for an RS" .....
One scenario is where a R/S takes this: "the absence of more AS than the current 5B, the computation is moot" out behind the woodshed for a beating as it were lol
1:1000 Reverse Split and keep the Authorized Share count at 5 billion. It's done all the time.
PPS was $0.0025/sh , now it's $2.50/sh.
The 1 billion shares we commoners own amongst us becomes 1 million.
The 32 billion , give or take a few billion , that Yorkville has rights to (at yesterday's PPS of .0025/sh) becomes rights to 32 million.
Excerpts from the 10-K:
"As of December 31, 2006, we were in default of the Investor Registration Rights Agreement pursuant to the August 24, 2006 and the December 29, 2006 Agreements"
"Due to the then-default status, Yorkville had certain material additional rights in these financing arrangements that did not previously exist. Specifically:"
"The requirement for Yorkville to maintain an ownership interest in us of less than 5% was terminated"
I wonder if that means that 5% cap came off permanently and applies to all subsequent situations?
Anyway , such a R/S might enable Yorkville to convert all preferreds , exercise various warrants , pretty much do whatever they wanted and do it free from that (prior?) 5% ownership cap and free from the current (bothersome to them?) 5B A/S limit , and end up with dibs on 32 million shares compared to 'our' 1 million shares.
And start selling them if desired. Certainly voting powers would still allow for 'yes' votes on anything desired.
Probably take longer (longer in terms of how many dollars worth of shares could be traded) to get from $2.50 down to $0.25 than it would to get from .0025 down to .000025 eh? Allow for a better 'cash-out' situation for Yorkville?
And what keeps all this from happening?
Is there anyone 'in power' who 'likes' us common shareholders?
Any reason to make 'us' happy?
Are there any consciences involved here? Morals? Ethics?
Or just the cool clear objectivity of money?
JMHO
jonesie
p.s. You might check SA12's last comment in that thread if you haven't already. Nothing new, but perhaps confirmation from an objective 3rd party 'in the business'.
re: 'cashless exercise' (edited)
In Yorkville's case it involves warrants and as I mentioned , it is due to some potential defaults.
The below are just a couple of exerpts and not an exhaustive summary.
From their most recent 10-K:
"Exercise of options and warrants. Yorkville currently holds warrants to purchase up to 502 million shares of our common stock at an exercise price of $0.02 per share. We can force exercise of the warrants if the closing bid price of our stock is more than $0.10 greater than the exercise price of any of the warrants for 15 consecutive trading days. It is important to note that the warrants held by Yorkville contain a provision that, if we are in default of the warrant agreement, the holder can perform a “cashless” exercise of the warrants and in lieu of making payment of the exercise price in cash, elect instead to have shares withheld as consideration for the exercise price. In the event of such a “cashless” exercise, we would not receive any cash proceeds upon the exercise of such warrants. As of December 31, 2007, we were not in default of any of the provisions of the warrant agreement."
(edited to add): and
"As of December 31, 2006, we were in default of the Investor Registration Rights Agreement pursuant to the August 24, 2006 and the December 29, 2006 Agreements, because the registration statement to register the shares underlying the secured convertible debenture issued on August 24, 2006 was not declared effective by the specified date. Due to the then-default status, Yorkville had certain material additional rights in these financing arrangements that did not previously exist. Specifically,
·
The full fair value of the secured convertible debentures was callable in the amount of $5,000,000 and $2,500,000, respectively;
·
The warrants could be exercised on a cashless basis;
·
We were responsible for liquidated damages of 2% of the principal up to a maximum of $0.5 million on each debenture;
·
The requirement for Yorkville to maintain an ownership interest in us of less than 5% was terminated;"
YJ, thanks for the input.
And I tend to agree.
Some info from someone who has worked in the securities industry:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29478546
And the posts in that thread on either side of that particular post provide 'the question' and a bit more thinking on it.
thanks again,
jonesie
SA12 , thanks very much.
- Yes, death spiral financing is involved and a lot of it has to do with "options, warrants, convertible preferred stock" etc.
- Warrants and options are WAY out of the money , even though they've been 'repriced' downwards more than once. However , due to various defaults by NEOM on the terms of financing I believe Yorkville can convert preferred in a cashless exercise so 'out of the money' probably doesn't apply there.
- If "wholly inappropriate" is the worst thing they have to deal with then it's probably not a 'legal' concern , this would be just one in a long list of "wholly inappropriate" events which have taken place.
- Exchange ratios might not be completely linear for all instruments, but probably close enough for my ballpark calcs.
Thanks again.
jonesie
SA12 , re: Authorized Share counts
(Note: anyone else who has knowledge of this area please feel free to comment)
I'd appreciate your take on the Fully Diluted share count vs Authorized Shares relative to a Yorkville client.
While these numbers are specific to their situation I can imagine this same situation might apply to other Yorkville clients , therefore I'm interested in ramifications , if any.
In their most recent 10-Q NeoMedia calculated their fully diluted share count as being 9,617,290,165 , as of 3/31/08 , when the PPS closed at .008.
This is much higher than the Shareholder-Authorized Maximum Share count of 5 Billion , which was raised 2 or 3 years ago from 1 Billion.
At yesterday's closing PPS of .0025 the Fully Diluted number could well be significantly higher.
As a layman I calculate that number by taking out the ~1 Billion outstanding and assuming the rest of those 8.6 Billion "maybe"-shares are mostly 'owned' by Yorkville and somehow all tied to the share price and as such continue to increase in number as the PPS declines. I'm sure that's not the exact situation but for purposes of this question I'll assume it is.
( 9,617,290,165 * $0.008/sh ) = ( X * $0.0025/sh ) says at a PPS of .0025/sh our Fully Diluted share count could be approx. 30,775,328,528 shares.
Nearly 31 Billion. Oh wait, add that 1 Billion outstanding back in , nearly 32 Billion.
Is that "a problem" or are those simply irrelevant numbers based on a Fully Diluted share count number which is primarily used in calculating esoteric SEC-filing-required items such as "Net Gain (Loss) per share, Fully Diluted"?
Thanks for your take on it!
jonesie
I'm compiling.
And doing a bit of research on my own as well.
They could be answered. I guess we'll see if they will be answered.
I'll let you know when I contact and hear back.
jonesie
Thanks banks. To another point ....
.... NEOM's fully diluted share count and the fact that it outrageously exceeds the 5 billion Authorized Shares allowed.
(note: I'm not an expert on Authorized Share counts and what the relevance might or not be regarding a Fully Diluted shares count used in calculating such items in a 10-Q as "Net Income (loss) per share, Fully Diluted" which is nearly double the A/S count.)
In the most recent 10-Q NEOM calculated the fully diluted share count as being 9,617,290,165 , as of 3/31/08 , when the PPS closed at .008.
We thought that sounded high when compared to the 5B Authorized.
Is it 'legal' to be in that situation? Should we be more concerned with the 'legal' aspects accruing to various components of NEOM's financial situation than in whether or not they might risk the SEC's ire by telling us shareholders something? Anything?
Just for fun, at yesterday's closing PPS of .0025 what might that Fully Diluted number be?
If we take out the ~1 Billion outstanding and assume the rest of those 8.6 Billion "maybe"-shares are somehow all tied to the share price and increase in number as the PPS declines ....
.... we might come close to an answer with the formula ( 9,617,290,165 * .008 ) = ( X * .0025 ) where solving for X tells us that at a PPS of .0025/sh our Fully Diluted share count could be approx. 30,775,328,528 shares.
Nearly 31 Billion.
That happens fast.
Again , I'm no expert on the ramifications of such items.
Since Yorkville ( + anyone else who might still have some shares/warrants with price-sensitive conversion features ) obviously can't convert their holdings into that quantity of shares , that number could just be an irrelevant 'placeholder' which is only used in certain esoteric calculations required to satisfy the SEC.
Anybody know if it's important?
jonesie
Interesting.
"I believe that they are working on something SO BIG that to put themselves in a position of fostering a PPS rise could put them in jeopardy with the SEC."
I don't think Apple has to worry about the SEC every time they tell their shareholders something good which raises their PPS.
"If they have a CC and say "anything positive" and it doesn't happen---they're at risk."
Safe Harbor Statements have protected public companies in that scenario for decades.
"If they have a CC and refuse to answer questions, that alone could indicate that something BIG was happening--at risk."
Uh , no , it wouldn't put them at risk.
"Also, I'm sure that a NDA would be in effect--why risk killing a deal because you can't keep your mouth shut."
Sadly, we've heard this kind of NDA thing from NEOM more than once before. The last time was in a CC where Chip was present , and in the same CC George O'Leary said a new $10mill equity investor was closing in 90 days.
"Even a PR could cause problems about what they said or didn't say."
Public companies can tell their shareholders anything material , positive or negative , without risk as long as it's factual. If nothing is going on , best to say nothing.
"Sometimes it's better to just not have any contact until it's done."
Or , if nothing beneficial is being done.
"When it's done we'll know about it and we'll be certain that it's REALLY COMPLETED!"
If nothing gets done and we don't hear about anything being done we'll know that nothing was ever really completed.
There is an oft-repeated modus operandi of companies like this which have billions of shares fully diluted , billions of shares fully diluted over and above the authorized share count , share prices with multiple zeroes in front of the first (and shrinking) number , a history of failed ventures including such typical non-core-business 'scams' as buying oil companies like Loch Energy , a history of paying bonuses and salaries not commensurate with actual accomplishments , a history of insiders dumping shares then leaving the company , and a history with Toxic Death Spiral Financiers such as Yorkville ......
IMO
jonesie
What a concept.
Keep talking to shareholders and/or the mobile market out there , telling them facts about what you are doing. Novel idea.
When NEOM still used to do 'some little something' every now and then and tell people about it , the PPS was over 10X where it is now.
Now that they 'prefer' to say nothing ... or have nothing to say anything about , flip a coin to decide which ... the PPS looks exactly like what the market perceives NeoMedia to be ... a bunch of zeroes.
JMHO jonesie
p.s. Yep , "the lack of formal acknowledgement of NeoMedia shareholders and lack of information on the part of our management" for such a long time is ridiculous.
"publishing general news or press releases"
They don't do that any more.
Wish they did! I think if the general market simply had good reason to believe that people besides Chip and Frank were still working at NeoMedia (Terry Griffin et al , with perhaps a word-comment-from or reference-to Lefar and/or Cremona) the share price wouldn't look quite so much like that of a company teetering on the brink of an abyss.
JMHO -jonesie
Agreed, volume looks decent ....
.... and it's certainly been generally 'green' lately.
TIV hit 6.77 in early April so yeah , there could be some resistance around there.
~$7 correlates to the approximate current position of a downtrend line which has capped TIV for quite a while now.
Back in last September/October/December TIV topped out around $8 so for whatever reasons (shorts, traders' 'memories') TIV could see some resistance there again.
Meanwhile buyers (buyers + cover-ers?) seem quite content to buy shares in this range adding to all the support shown in this range in the past.
JMHO
jonesie
Wow, we thought PRCM was 'past tense' ....
.... for Mr. Heil
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26827627
Good catch.
05/20/2008 @ 7:00AM
"J. Michael Heil, CEO of Praebius Communications, Inc., said, "The Ad Systems Technology is working perfect in all of our University installations, and we now serve well over 100,000 students. We have another 60 campuses scheduled for deployment this summer and we are actively working with other major universities to continue to expand our ability to provide our advertisers with a way to present their advertising message to college students on all major cable TV Networks."
I wonder if he's still with SUPI , or doing both as you suggest.
jonesie
"Does a write down of PUPS really mean anything"
As you say, it's just a reporting thing unless it also means NEOM has never tried to get the money and isn't being active in attempts to recover that money.
If NEOM simply passively (complicitly?) let Yorkville 'transfer' their PUPS problem onto the NEOM books and after an 'appropriate' length of time wrote it down ... it's just one more thing 'on the list'.
jonesie
.<font color=red>POTENTIAL NEW CLIENT : HYEG
From their recent 10-Q
http://www.sec.gov/Archives/edgar/data/1272703/000114420408031204/v115325_10q.htm
"On April 11, 2008, we entered into a Standby Equity Distribution Agreement with YA Global, which provides us the opportunity to access additional capital in the maximum amount of Four Million Dollars ($4,000,000) in increments not to exceed $350,000 each. We will have access to these funds over a two-year period beginning on the date on which the SEC first declares effective the registration statement to which this Prospectus is made a part, registering the resale of our shares by the YA Global. We plan to access the SEDA funds in August and will only access the SEDA funds thereafter to the extent necessary."
From the recent S-1:
http://www.sec.gov/Archives/edgar/data/1272703/000114420408031091/v115179_s1.htm
"This Prospectus relates to the resale by a selling stockholder of up to 3,289,135 shares of the common stock, par value $0.001 per share (“Common Stock”) of Hydrogen Engine Center, Inc., a Nevada corporation (the “Company”, “us”, “we” or “our”). The Company is not selling any shares of Common Stock in this offering and therefore, will not receive any proceeds from this offering. However, the Company will receive ninety-three percent (93%) of the proceeds from the sale of its Common Stock under a Standby Equity Distribution Agreement (the “SEDA”), dated April 11, 2008, by and between the Company and YA Global Investments, L.P. (f/k/a Cornell Capital Partners, L.P. and hereinafter, “YA Global” or the “Selling Stockholder”). YA Global will retain seven percent (7%) of the proceeds raised under the SEDA."
Worth noting:
"On April 29, 2008, the last reported sale price of the Common Stock was $0.48 per share."
jonesie
From the recent 10-Q:
"On April 11, 2008, we entered into a Standby Equity Distribution Agreement with YA Global, which provides us the opportunity to access additional capital in the maximum amount of Four Million Dollars ($4,000,000) in increments not to exceed $350,000 each. We will have access to these funds over a two-year period beginning on the date on which the SEC first declares effective the registration statement to which this Prospectus is made a part, registering the resale of our shares by the YA Global. We plan to access the SEDA funds in August and will only access the SEDA funds thereafter to the extent necessary."
This will put HYEG in interesting company with scores of other YAGI clients.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29454877
jonesie
2-YEAR DAILY CHART
It sure would be nice to break through $7 on high volume and then see some continuation.
DAILY CHART
All indicators still playing along nicely ever since that Magic Box setup buy signal on May 9.
Aroon UP is all the way UP and Aroon Down is all the way DOWN. Wm%R hanging in, RSI still moving up, Acc/Dis rebounding after hitting it's own little uptrendline, CMF(5) went green the other day, CMF(20) heading in that direction, Full Stochs nice and positive.
JMHO -jonesie
Good idea.
I'm detailing a few other areas of interest and it will all be included.
Good luck to us!
jonesie
NEOM's PUPS 'write down'
Is this what we just 'wrote down' per a recent NEOM filing?
Promissory notes of approx. $1.6MM and shares worth, well, $32,000 today? We could sure use the cash from those notes. Why write it down? Why not at least pull a Mobot/12Snap/Sponge and force PUPS to pony up the cash or at least a gazillion more shares? Add that $1.6MM to the $0.8xMM AutoMart owes us and we'd have 5 months of operating cash. Not going after those monies makes NeoMedia the de facto 'Yorkville Whipping Boy' and is probably tantamount to more fiduciary irresponsibility if not criminal negligence.
This is from the 2005 10KSB:
"On February 17, 2006, the Company and Cornell entered into an Assumption
Agreement, whereby Cornell sold and assigned to the Company those certain
Promissory Notes issued by Pick Ups Plus, Inc., dated September 30, 2003,
October 13, 2004, June 6, 2005, and August 4, 2005, in the aggregate principal
amount of $1,365,000 and accrued interest of $246,231.78 for a purchase price
equal to One Million Six Hundred Eleven Thousand Two Hundred Thirty-One Dollars
and 78/100 (US $1,611,231.78).
On February 17, 2006, the Company and Cornell entered into an Assignment of
Common Stock, whereby Cornell sold and assigned to the Company twenty million
(20,000,000) shares of common stock, par value $0.001 per share, of Pick Ups
Plus, Inc. for a purchase price equal to Three Hundred Eighty-Eight Thousand
Seven Hundred Sixty-Eight Dollars and 22/100 (US $388,768.22)."
ScanLife, BeeTagg ....
.... they don't seem afraid to let people know they tweaked their readers to work on the iPhone.
I wonder why NeoMedia felt compelled to (a) hide comments about the NeoReader being tweaked to work on the iPhone and (b) decide not to provide a similar PR announcing that NeoReader works on the iPhone?
If these non-public companies can announce such and support their private investors' stakes , it seems that a public company which has a responsibility to their shareholders to do the same would have been the first to announce.
I just don't get it.
jonesie
Quite the spread.
Was B/A .0022/.003 for quite a while.
Now B/A .0024/.003
Still a 20% spread.