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Just to add to the discussion even though it's been tabled, i have a very powerful friend at nokia who actually laughed at me when i first told him about neom. I made him read everything i had on neom and still he was wary of the company because of its financing situation with cornell and the fact that the ceo was listed on the pr reports as a contact. He bet me that neom would never make it above .50, and if it did, he'd have to put on a man-thong and run around Beaver Creek ski resort for ten minutes.
Well, next winter guess who will be running around beaver creek in a man thong?
So it just goes to show you. Now he's starting to believe in neom a bit more, but it has nothing to do with his high up position at nokia, it has to do with the fact that he believes we're going to win the virgin suit, and that will make the patents valuable enough to overcome the horrid financials.
best
Joe
Don't know if this was already posted, but it's an article from the Bentley College Vanguard that came out on April 28, that's pretty good. If it was already posted, sorry!
With PaperClick Technology, Anything is Possible!
By Thomas J. Arters
Published: Thursday, April 28, 2005
Article Tools: Page 1 of 2
What if you could merely point toward an object and receive real-time, up-to-date information regarding that item? Well, it's now possible with the help of PaperClick technology, NeoMedia Technologies' (NEOM.OB) patented system for linking the physical world to the electronic world.
Whether you are shopping in a mall, going to the movies, or even sitting at home on your couch, PaperClick technology can come into play. The technology can scan the barcodes of shelved products for any available coupons, be directed toward a movie poster to retrieve movie tickets, or even pointed at a current music collection to see if the user is missing a certain recording.
"PaperClick is not content-specific" the company website claims. "If you can deliver it through the web, you can use PaperClick to get to it. Web pages, audio, video - anything the end user's browser can handle...With PaperClick, everyday items can be used as "hyperlinks" into the World Wide Web."
PaperClick technology works through the use of two components: the PaperClick Device Software and the PaperClick Resolution Service. The Device Software is installed on your cell phone, PDA, or personal computer. Basically, the small program aids your web browser in displaying the requested content. The Resolution Service helps manage the exchange between distinctive identifiers and their related web pages, sometimes known as "mappings."
The software is run on an Internet server, which relays and displays the correct web page to the user. The majority of devices used to operate the technology are camera phones, which are currently limited to the Nokia Model 3650 and Model 3660 cellular phones (which have a built-in browser), though NeoMedia is actively working to expand the list.
PaperClick also works on any PC running Windows 95, 96, Me, NT, 2000, or XP and in tandem with Microsoft Internet Explorer, Netscape Navigator, and other browsers. But what if your cell phone doesn't have a built-in camera? Not to worry, NeoMedia offers a portal so you can manually enter the digits associated with the product/barcode.
Recently, NeoMedia Technologies acquired four search-oriented patents issued in the United States for $1.5 million cash in addition to royalties for 10 years. Chas W. Fritz, NeoMedia's founder and chairman, said the patents "extend NeoMedia's reach above and beyond the direct retrieval of information from a code or word to activating online mobile marketing-oriented searches, primarily from mobile devices such as cell phones or PDAs.
These new patents provide additional tools and ease-of-use that popular search engines, such as Google, Yahoo, Ask Jeeves and others, can use to implement and popularize long-desired mobile marketing applications, such as comparison shopping triggered from mobile devices."
Such strides going forward indicate the determination of NeoMedia and their desire to strengthen their foothold in the mobile marketing industry.
In light of the glistening PaperClick technology, we will take an introspective look into the technicals of NeoMedia's stock. Currently, NEOM.OB is an over-the-counter bulletin board stock at $.56 with volume recently hitting 30 million shares traded. As indicated in the chart, there were two major price reactions within the 1-year time period, occurring at the beginning of November and April. Most recently, the stock has been soaring to 52-week highs and looks to continue its voracious pace. There has been strong accumulation over the past several days indicating the "smart money" is getting into the stock, and it wouldn't be at all surprising for the stock to near the $1.00 threshold in the near future. Happy trading.
Mcgraw, exactly right, IMO.
best,
Joe
Now that i'm back on the neom millionaire list :) I want to comment on today's pr. IMO, it's a huge sign of what's going to happen in the next few months; an indication, to the general public, of what we here already know, that the Virgin case is going to be settled in Neom's favor; an indication, also, that Neom's paperclick is going to get a foothold in europe, and that their core patents are going to be immensely valuable going forward. And most important, IMO, an indication that management (and perhaps Copus in his new role) has both hands on the wheel and are very cognizant of their shareholders, and the pps situation. This news, IMO, was in the arsenal for a few weeks, and was unloaded now because of the pps slide. Not as a teaser, but yes, IMO, to keep the share price from bleeding out while waiting the upcoming- and now, IMO, inevitable- virgin press release. I also believe that this pr will take a few days to be fully digested by the european press, which will trickle into the US share price over the next week or so. Also, this has given TS new ammo for another email/report, and good reason for hiim to up his buy under price to a dollar, if he's so inclined. There is no reason that a company with this sort of news isn't trading at this or higher market cap.
In short, Neom's management wants this stock to continue to base higher than .50 before the virgin release, they have been patient in putting out news until it's necessary. I've never fully understood the quiet period situation, and i'm not sure how this news fits into that- i do think they have been waiting on real news until after the settlement, because that will be the real powerhouse pr.
I do think the road has been cleared for a deal with a service provider through this pr, perhaps someone in europe. I think there's no doubt in anyone's mind how the virgin suit will go; if the european patent office upholds neom's core patents, why wouldn't the courts?
We are in very good shape here. I believe european money will push us back above .60 in the near term, and i believe a new release from TS will move us closer to .70.
That's my take, anyway.
And one more thing, on Fritz's stock sale. I think someone here on the board was very astute in noting that Fritz has been selling on a regular basis, small amounts; i believe he has been advised (theorizing here) by a lawyer to establish a history of selling because the stock price is about to go crazy, and if he wants to sell when it's above a dollar, he needs this history so as not to open himself up to an sec inquiry. It's just good business to establish a history of selling before a huge rise. In the past, i've been the first to shout bloody murder when management sells, but in seeing these sales and the continuing rise in pps and in the news coming out, it seems to make sense that he's selling because the stock is going up, not down.
anyway, best to all. I am still holding strong, and i believe anyone who sells here is absolutely nuts.
best
Joe
Y3maxx, i'm going to answer your question, but first a few points. Interesting that the 10q came out today, the night before the virgin settlement meeting. Usually, in the past, when Neom had less than stellar 10qs to put out, they waited until a friday after market closed, and almost always either directly after a good pr or right before one. Now they've put out the 10q right before a very important settlement meeting and in the 10q they have left out the statement concerning the virgin settlement being still in a discovery phase. Am I reading too much here? I don't know, but i'm kind of excited by this timing.
Now, Y3maxx, first off, there is no doubt in my mind that you are a basher, not that there's anything wrong with that :) You come on the board and first off ask if the people who have spent hundreds of hours (if not thousands) of their time helping us all to understand this company, are shorting it???? Maybe you're just not that smart, but from your posts i see that you're not dumb, just on the wrong side of the fence.
Yes, dilution is bad. I've been the biggest and loudest poster on this point. However, at the moment, neom is in the best position its been in over a year concerning dilution. Neom has enough money through the agreement with cornell to last at least a YEAR, and yes, they do intend to have revenues coming in within that time period to solve their financing issues. Haven't you been paying attention these past few months? Don't you realize they are about to launch a word registry, that they are unleashing paperclick, that they are in the midst of proving the strength and value of their patents through the virgin suit? Have you ever read this board before? Because if you have, you'd realize that we all seem to know way more than you do about this stock.
There's nothing wrong with posting negative things about neomedia; i've posted many in the past. I don't want to see any more dilution. I want neom to start earning revenues through the word registry, their patents, and paperclick. Most of all, i want to see the pps go up.
But if you've read the past 10qs, and now this one, you have to admit that things are looking much better. For once, i didn't read a 10q and think the price is going to drop. And because of the timing, i personally believe that we're about to get some very very very good news.
JMO.
And by the way, i have no short shares in any stock. I think you'd have to be pretty foolish or pretty daring to have short shares on neom at the moment.
best
Joe
I haven't yet fully digested the 10q yet, but at first glance, it seems like neom is moving in the right direction. It's a much better 10q than the last, it looks like earnings are up and losses are down, and there seems to be much less going concern language; no mention of any sec probs and it seems very simple; if paperclick works out and they win the virgin case, they are going to be in very good shape. The paint company is indeed making money, increasing their worth, and will hopefully be able to get a pretty good spinoff price in the future. The BSDS litigation, IMO, is a tiny little bump that will be dealt with easily; three shareholders suing because they don't like the share price offer??? Could that really be holding up the acquisition? I tend to doubt it, but heck, i'm not a lawyer.
I think we're in good shape. This is the first time i've read a neom 10q and not feared that the pps was going to go down because of it. Everythign seems to be forward looking here. There's cash in the bank, there's no concern of neom not being able to sustain for the next year or so, and they've got a lot of things on the burner. I like it.
Best
Joe
Well, that vectorvest junk also values Siri at .91 cents a share, and that stock's at 5.30 or so, so i'm guessing they don't know what the heck they're talking about. try putting any stock in there that doesn't have major earnings yet and you get a few cent valuation. that's how it works with speculative stocks. The reason you can make so much money on them is the market can not accurately value them yet because we're banking on future earnings, not current earnings. If i came to you today with the cure to cancer and told you i was starting a company around it, but at present i had zero earnings and it had cost me 70 million to develop it, how would you value me? Vectorvest would value me and my cure to cancer at zero cents. They'd be very wrong.
best
Joe
Looks like we've got a bit of a bashing set-up going on here. Dancing whatever your name is, I'll go out on a limb here (and pretty confidently, i might add) and state that you are one of the most obvious and pathetic bashers we've seen here in a while. Your first post on the board is to point out a bs site written by what looks to be a twelve year old (or someone with limitted knowledge of english) that you just somehow stumbled upon. Then on RB, you respond to another poster by taking a very obvious jab at the changewave newsletter (stating that the ridiculous claims on that bizarre bashing site were akin to a newsletter that suggests a stock "may" go to ten dollars. You are so transparent it's scary. Don't they train you guys better than that? I mean, come on, a ten year old could do a better bashing job than you.
IMO, this is a criminal attempt to lower the stock price by means of false statements and the use of boards as manipulative tools. It's sad to see this going on, but it's what happens when OTCB stocks go above a certain price level. We're going to see more of this in the near future. Hopefully, Neom can get some news out to raise our price significantly so we can wipe out some of these shorts right off the bat.
BTW, i hope that nobody here gives any legitimacy to anything that is so obviously a bashing tactic. And just so you know, i am about the least paranoid long aroundl if you've read my posts, you know that i'm a skeptic first and a believer second. But this pathetic bashing job just irked me enough to respond.
best
Joe
Neombridge, I'm sure as well, and I do not mean to imply in any way that he's crossing any legal lines. I love TS. I want him to keep doing what he's doing! I'm just being curious, that's all.
best
Joe
Very interesting watching the TS show going on here. First he pushes Neom to his followers, helping guide the price up to .72. Then he, IMO, inadvertently suggests that his followers move their profits (which, IMO, gets a bunch of people to sell) from Neom to Mobl, pushing that price up around 20%. Then he realizes that he's hurt neom, which he obviusly has a substantial holding in, and he puts out a quick email which cause Neom to surge back up around 10%, to .62 or so. IMO, the reason neom did not surge all the way back to the .70's is that a large number of TS's followers had just bought into MOBL and are holding for that to rise to .50. Many small cap players (like me, and many here) pick and choose their opportunities, and decided to wait Mobl out.
Again, it's quite a racket TS has going, and I'm very happy he's seen the potential of Neom. And if anyone doesn't believe that TS is largely responsible for where we are right now, i'd have them look again carefully at the past couple of weeks, and especially today, and look at the timings of his pronouncements, emails, and the stock movement after each one. Yes, i agree that over tomorrow we should see more rise as more of his people read his email, and as more people decided to switch back from mobl to neom. I think neom worked better for TS because once people looked at the potential of the two companies, there seems to be much more going for Neom. I mean, the fortune 100 company partnership that TS has dangled is enough to make us think it should be a dollar stock or more.
Anyway, i'm glad he did something, because otherwise we would have drifted back to .5 IMO. He did what Neom management couldn't because of the quiet period, which is bolster the pps on a dangerous day. I'm not entirely sure why what he's doing is entirely legal, but i ain't no lawyer.
Oh, OT, JP, congrats!! You deserve everything good that comes to you for making many of us rich!
And Success, thanks for posting the TS move, i was happy to know what was going on. It's like with this board we all have a hundred eyes looking for anything involving Neom, an unbelievable resource.
Best,
Joe
Ah yes st. louis steve. Good move buying more. i wish i had sold my mobl yesterday to buy more neom today. That's what TS should be saying in his newsletter.
best, Joe
i'm hoping that TS sees the damage he's done to Neom and also notices that mobl isn't moving as he'd like either, and go back to pushing the stock with the bigger potential. Ugly start to the day but hopefully we will rise on the news that's just got to be coming.
best
Joe
Those crazy daytraders...
Whoever the big buyers are who've been accumulating Neom shares over the past two weeks are loving this; if TS hadn't moved some of his followers toward mobl they'd be paying ten cents more for the same shares.
You know, i've been looking over MOBL and not to bash any else's favorite stock (and by the way, just for disclosure's sake, I do own 110,000 shares of MOBL too), I just don't see why anyone would sell Neom for Mobl. According to TS's latest newsletter, as posted on the RB board yesterday, his reason's for pushing mobl are mainly that they are about to enter into a new financing agreement (meaning, IMO, more dilutive financing with cornell) that will "stabilize" them for the next year so they can do whatever it is they are trying to do. Now, i own mobl and love to see it go up, but heck, Neom's tech is potentially enormous, they are part of the massive cell phone tech wave and have patents that hopefully are going to be incredibly important and valuable, after the virgin suit is settled. I can understand getting impatient waiting for news, as we all are, but other than a quick play, i don't see how Mobl makes sense in comparison to Neom. That being said, .26 cents is a lot cheaper than .64, so on that alone daytraders might want to jump ship, but it just seems unwise to me.
Anyway, i think we'll weather today's storm just fine and i also think the big buyers are just waiting to jump in with more shares. We gonna do just fine this week. With news, even better than fine. I didn't even blink this morning when i lost a quarter million dollars or so the first hour! Hah. Fritz was down 3 million so why should i complain :)
best
Joe
Amazing the power that TS has. Was reading the posted newsletter on RB and he basically said, put your neom profits into Mobl, and poof, we go down a few cents and mobl goes up a few cents. He's got an interesting racket going on. I don't think it changes anything about neom, we still need our news and will rise on that, but it's indicative of the precariousness of our pps without news. Anyway, we're still within striking point of .70 so i'm not concerned yet. hopefully will be a good end to the day!
best
Joe
OT: Cabbie, I agree, i like to see OT for off topic posts, because i scan the headings on my Treo 600 and don't like to click on the posts if they are OT. JMO.
best
Joe
For what it's worth, i'm seeing a bid of .729 right now.
Bigdaddio, I first started getting in at .07 more than a year ago. I bought as high as .25. My average price is .12, I believe. I bought a lot because i had just made a killing in cypt, which i rode from .12 all the way to 1.7 (500,000 shares), but didn't sell until on the way down at around a dollar. So i had made a nice profit, rolled it into NEOM. i'm batting two for two now (though i lost 25000 or so on Onev and another 10 grand on tfct. Am a gamblin' man, but i think with neom my gambling days are over. Will hold my 2.1 million or so shares until i get some indication what's really gonna happen (might lighten the load before the next 10q, as historically those ain't been so good.)
best
Joe
Wow, now that's what i call a close. I've got .722, am I right?
JP, I'm less than .01 cent pps away from 1.5 million bucks in Neom now. But lets only keep track of the whole numbers :) (now there's some more hubris. Gonna melt these wax wings off soon, aren't I?)
Love to see that news tomorrow. We are pulled so tight the right news will easily send us over a dollar. I need a stiff drink.
best
Joe
Neombridge, I'd have to start most of my posts with PN or NP because i like to mix it up a bit.
I think we're making a run at .7
best,
Joe
JP, i wouldn't invest in a company if i couldn't be skeptical and yet still feel like it's going to make me a lot of money.
Right now, though, I feel a little like i'm watching a boxing match that's gone on enough, i want to hear the bell. We've had a great day, let's end it now. Although of course i'd love to see us break back over .7 in the last forty minutes, but i'll take where we are now with much happiness!
The paint repair pr still bugs me, because people are holding their breath waiting for gold, and instead neom's giving 'em paint chips. I know there's a quiet period involving neom's triton deal, and potentially that covers the fortune 100 company and virgin, but why not the paint business?
Overall, i dont' see anything wrong with the paint repair business, but i just don't want my billion dollar baby involved with it anymore. If what we believe is even 1 tenth true, they don't need it. They've got money from cornell. They're going to make a ton on word registry and paperclick and patent licenscing. What the heck do they want with a paint repair company? It's just going to keep some major investors away out of fear that this is another otcb holding company searching for anything to bolster their pr machine. Neom is much better than that. They don't need it anymore.
JMO. Others may like the paint company. But it's counterproductive, IMO.
Very good post, movieguy. I think those are two very clear ways neom can create value. It's gonna take a major campaign to get people to adopt it, though, but when that campaign happens, we'll def see this stock flying.
As for the paint news, i'm actually surprised it didn't send the stock price downward. This isn't a close to three hundred million dollar company because of paint repairs. Every time they put out a paint pr it reminds us that they still need to scramble to build a revenue base, which is not what the speculative investors want to think about. When I try and pitch this company to wealthy investor friends of mine, the first thing they point out is this little paint repair business; they don't take neom seriously out of a gut reaction to this endeavor. Even TS hasn't mentioned the paint business once. I'd like to see it spun off, soon. All they've managed to do with it so far is sign distributors, without any noticeable jump in revenues. BUt that's just my opinion, some here might like the paint business. As long as it doesn't hurt hte pps, i'll accept it as a strange little venture, but what i reall want is some virgin or fortune 100 news. Starting from .7, we could go quite far on some real news.
Best,
Joe
Movieguy, very good point, and thank you for providing me with some ammo for use against some of my even more skeptical IT friends (including my fairly bigwig buddy at Nokia, who has been absolutely kicking himself every day for not buying Neom stock as I told him to.) I didn't think about that angle; that the brands have a much more compelling reason to buy and promote a word registry than google has to promote its own sms directory. That's good thinking. I still doubt that brands will pay thousands for the word registry without proof that people will use it- but i'm hoping that i remain skeptical as the price continues to skyrocket like this!
best
Joe
William, yes, that's right, i've been using that google sms directory for a while. This is exactly my point re trying to figure out potential revenues for the word registry. Google has had this feature out for a long time, for free, and nobody uses it or knows about it. It might just be a function of limitted advertising; people just don't know they can already do that on their cell phones. Or it might be usability. A word registry function would be more user friendly, and hopefully more useful. But I still don't see brands paying top dollar for a function that google pretty much offers right now that nobody uses. Sorry if that doesn't sound as optimistic as others (and that's the last time i'll apologize for making a point that goes against the grain, because we've got to look at all sides of this story). I think word registry is a great idea, but i think it won't be the massive revenue boon some are expecting. It will be a function that will maybe make a few million bucks from a few major brands, IMO, unless it gets accepted by consumers worldwide.
Still, i do think that google would be nuts not to make some sort of partnership agreement with neom- if the virgin suit is settled in neom's favor. It just makes good business sense for them to want to get in on the word registry as an addition to their sms search. They've got the cash.
best
Joe
OT: Boldini, I am half time in NY (two or three days a week) and half time in Boston. I take the Delta shuttle twice a week. Hoping that Neom hits 10 bucks so i can go timeshare on a jet instead :)
Price action looking good. We keep moving up a bit each day and by the time we get the news we will be based at a great starting point for the run up.
Personally, (and sorry for more of my cautious optimism) am still waiting for the word registry launch before i'm willing to make revenue predictions as we've seen in some previous posts. I still find it unlikely brands are going to pay upwards of 1000 bucks a word before consumers show they are willing to actually use the darn thing. I think the word regsistry is a killer idea and could be very profitable, but it's going to take a while for neom and saic to get people to adapt to it. We're talking a major thinking shift that will be necessary before brands start paying top dollar for an idea that may or may not fly.
The GPS connection is very cool, and i think that's really the killer ap, along with rfid, which is gonna be way way way more pervasive than bar codes, but those are both way way way off in the future.
Lets just get Virgin news so neom can start making money off licensing its patents. And a fortune 100 company so that TS's predictions can begin to come true.
best
Joe
JP, interesting to note, in Retired's old posts, he did believe we would relist on the nasdq at some point; however, he didn't think we would ride all the way to 5 bucks on the otcb board. He mentioned a reverse split as a possibility once the stock was in the dollar or more range, since he thought once we'd gotten to a stage where the investment world was looking at us, we'd want to get onto the nasdq quickly to get real money flowing in. I believe i argued with him about this, as i hate the idea of a reverse split, and still fear it as a necessity at some point to get the number of shares down; but i believe he was right in stating this would never happen before the dollar range.
As you know, we can get on a board like the Amex much easier (a 3 dollar requirement, i believe). I'm not sure how CYPT made it onto the amex at such a lower price (maybe you know? am i wrong about the 3 dollar requirement?) But again, it hasn't done much for that stock.
I really can't imagine our pps reaching 5 bucks on the otcbb; however, if there really is a fortune 100 company taking a 20 percent stake at some point, that would lift us considerably, perhaps enough to make a 2 for 1 reverse split more appropriate (from 2.50 to 5 bucks i could handle. of course, i'd prob sell most of my shares if we ever reached 2.50, but then again, in rereading my arguments with retired from a year ago, i said i'd be out at .20, so i guess sometimes i don't know what i'm talking about!)
best
Joe
JP, for the nasdaq, from an article about listing requirements, it appears that relisting requirements are the same as initial listing requirements:
"RELISTING:
A company can file a new listing application at any time after it is delisted, but it must successfully complete the initial listing process, including satisfying all quantitative requirements for initial listing, which are higher than the maintenance criteria."
And those requirements are:
A minimum share price of 5 dollars
A minimum income of 1 million before taxes
At least 1.1 million publicly held shares of stock
At least 3 market makers
And a market cap of 75 million (this last one is, I believe, waivable under certain circumstances, but i don't know what those are).
This is all from the nasdq website, there's an adobe file you can download on it. As for the bit about relisting, it's from an article on the nasdq i found from some lawyer's website ,but i've since lost the link. There is no waiving of requirmeent to relist; however, once you are listed, you can maintain your status on the nasdq with as low a share price as 1 dollar for some time (this rule was implemented after Sept 11).
Best
Joe
Hey success, thanks for posting retired's old posts, i've been reading through them all, and there's so much incredible info in there. One post especially made me pause; it's from march of last year, and i haven't really thought about it since, but i think it's pretty interesting to reread. I wonder where nokia is with this:
Posted by: RetiredandPlaying
In reply to: None Date:3/20/2004 6:18:52 PM
Post #of 14190
March 17, 2004—Nokia, the Finnish cell phone maker, today unveiled the world's first RFID-enabled GSM cell phone at the CeBIT2004 trade show in Germany. The Nokia Mobile RFID Kit features two RFID reader shells—plastic housings that fit over a cell phone—20 13.56 MHz tags and software to enable mobile workers to scan tags and access information remotely.
Gerhard Romen-head of global market development at Nokia New Growth Business, the product development unit that created the RFID kit:
"While it will be several years before consumer applications are common, he envisions consumers one day scanning items in stores and automatically downloading information on the product from the Web, or scanning the tag on a product to register it with the manufacturer."
*Sounds like he's talking about Paperclick to me!
I doubt that there will be a working RFID Nokia model that Neom is demonstrating at CeBIT...but wouldn't that be a nice piece of news to hear.
OT: BTW, saw a cool piece on the local news in NY talking about a new microwave oven that reads the barcodes off of the wrappers of food you put in it and tells you how long to cook it for. Nice application of bar code technology, if you ask me. Bet one day your cell phone could tell you the same thing, and you wouldn't need a new microwave oven.
best
Joe
Jonesieatl, this has been discussed before as it is pretty old news, but i've spent some time looking over the EFF claims, and as far as i can tell, they've found no evidence of "prior art" to invalidate neom's patents. They make what appearas to me a baseless claim that neom's patents shouldn't hold, then ask for anyone out there who can prove prior art to come forward- and it looks as though no one has. Although they do still list neom as one of their ten "most wanted", this list also includes Nintendo among others, as well as Clear Channel. Not a bad group of peers.
Whether or not neom's patents hold water will be shown by the virgin settlement and the resulting fallout re- airclick and scanbuy. By suing Virgin, neom has taken it upon themselves to prove the validity of their patents, in front of a judge, in full public view. There isn't any need for EFF to search for prior art- virgin is assumedly spending millions on legal fees trying to prove just that. If Virgin can't do it, why the heck would a "public service" organization such as EFF think they could??
Great price action this week, and today. We are basing nicely in front of the coming good news. I am looking forward to this week. I've now got about 1.3 million bucks in a penny stock and i'm loving every minute of it!!
best,
Joe
Walden, exactly. I don't know my exit point, because originally it was .20! Then this word registry came around, and things started to look good in the virgin department, and TS got involved... I think i've got a partial exit point in my head of a dollar, and the rest in the 2-3 range. That's what i'm hoping for, anyway.
Alynn, if you think 2 or 3 dollars is this stock "not panning out" then I pray to god this stock doesn't pan out!:) (and i do love your optimism) If our little company is valued at a billion dollars, we've struck immense gold here. That would be a staggering thing. I'm betting everything that we'll move in that direction, that's as optimistic as i can be. TS believes we can do it, and i do believe that as long as TS hangs in with us, we prob can. That's where i've put my money, anyway.
When TS starts talking about this being a 40 billion dollar company, i'll rethink my belief system.
best
Joe
ALLYNB
Yes, I do have a lot of money invested in neom, because i believe there's a pretty good chance the pps will be a lot higher than it is now (double, maybe triple, even quadruple). However, I truly don't believe in predictions that place our value above 40 billion dollars! I mean, let's be reasonable. Name a couple of 40 billion dollar companies, then look at their revenues. Look at our revenues. Yes, we can theorized about our potential revenues as well, but there's a long long long way to go before we will have revenues that support our CURRENT pps, let alone a much inflated one.
I do believe in neom, to the extent that i think we've found a very undervalued technology (but not a terribly undervalued company, at the moment. it's going to take major news that equals major revenues for me to believe we are at the moment majorly undervalued, as a company, at a market cap of 250 million).
Anyway, i hope this helps explain my position. I am trying to be realistic. Believing this is a 1 billion dollar company (as TS thinks we could be), which would put the pps a little over 2 dollars, is as much pie in the sky optimism i can possibly have. And although i don't like bashers, i do believe that healthy skepticism and negative comments are as important as extreme optimism, because we need a full picture to invest properly, not just the positives. We want to see neom's tech implemented and used everywhere, but at the moment it's not, and for it to be, a lot of things have to happen. A lot of things that may or may not happen. The next piece of news will hopefully tell us our optimism has some real basis behind it. If we get our virgin settlement, then i think we have reason to think this could be a 300 or 400 million dollar company. If we get a fortune 100 company involved, we have reason to believe this is close to a 500 or even 700 million dollar company. Beyond that, we need people signing up for word registry, we need a service provider, we need this search engine gps stuff going, we need some more movement on RFID.
Best
Joe
JP, just curious, with the talk of one day being relisted on a bigger board such as the Nasdq or NY, has neom management ever mentioned this as a goal (near or long term?)? Personally, i don't really care if we get there anytime soon, as i've seen (as with CYPT which became HIV) that getting relisted on a board doesn't necessarily help out with the pps.
I'm very happy with today's price action. We had a shakeout yesterday and early today, and we've come out okay, still above .5. TS took profits, but continues to hold the majority of his shares. As long as he continues to suggest holding for a ten bagger, we should keep our .5 floor and be ready to move on news.
Although i love the optimism of many on this board, i really think 10 bucks, even 7 bucks, is a crazy dream. But if TS's billion dollar prediction is anywhere near right, we could see 2 or 3 dollars. (and for those who think we're going to get to 100 bucks pps, meaning a market cap of 44 billion, i want some of what you're smoking!) I wonder if i'll have the balls to hold to 2 dollars (1 dollar would be a real hard spot to hold, since we'll have major profit taking going on near there). But one major thing to keep in mind. When we had the rise way back nearly 2 years ago, to .43 on the amazon news, we had a sudden fall back right afterward. Here, we've had our rise, and no fall back, just some healthy profit taking. We are strong here above .5, and that's an amazing thing. When we get real news, we could really double or triple from here.
Best
Joe
So far, i'm not too upset with today's price action. we've bounced off the .48 area floor twice already which is a pretty good sign. We've got a ten percent of so retracement on high volume which indicates a firm level of profit taking, which is to be expected; it also indicates to me that there are significant numbers of buyers in the .40- .60 range who are not bailing, which is good, because i'm guessing that a fair number of those shares were bought on either leaked info on the coming news or on speculation brought on by TS's pronouncements. That means the major buyers are going to sit tight until the news comes out- unless there's a real selloff scare, which i don't see happening yet, anyway.
What this all means to me, is that with news we will still skyrocket from here. Then there will be a major profit taking scenario, but at a higher level than this (that will depend on what sort of news we get. IMO, if it's virgin, we'll bounce into the .70's or .80s before a sell-off, if it's a fortune 100 company, we'll go to a buck before sell-off).
The silence from Neoom is deafening, and prob due to the silent period, but as long as we can hold the .50 mark i'll be satisfied. I'm not selling at this point, because when it happens it will happen fast. Real fast.
Best
Joe
Movieguy, exactly right. I personally fell into that trap. I sold 140,000 of my 2.25 million or so shares at .35, thinking i'd get back in. Two weeks later, that 140,000 would have neeted me an extra 30 grand. However, a profit is always good, and you haven't made anything until you sold. On the other side, if i had dumped my shares today at the high (like someone else obviously did, by the way), i'd be 200 thousand dollars richer than i am right now, on paper.
It's hard to be objective when you're talking about money like this. But anyway, we were due for a little pull back, it's just worrisome when it comes at the end of the day.
If this goes to a buck I'm going to be much less negative. And if this goes back to .07 i'm going to throw my computer out the window.
best
Joe
Rereading my post, i didn't mean to sound so negative. Designer, though your locking away profit is probably the wise and sound thing to do, for myself i'm still risking everything because I just see such a massive potential for upside- life-changing upside- i'm willing to take the chace a little longer. .56 cents is an amazing pps to be at, and hopefully the news that's coming will move us even farther along. However, although i think i know, to some degree, what i own, i also know that for this to continute forward, everyone else on wall street needs to know what we know. And that's going to take some real news.
Sorry for setting off some concerned responses.
It's still an up day and that's great.
However, 2 million shares sold off in the last 10 minutes with a drop of around 10-15% of price seems indicative of a significant sell order, be it profit taking or raising cash through stock sale. I agree that the mm's took it down hard on the order, but that's what happens when you sell 10 percent of the daily volume in 10 minutes.
And not that i believe that Neom mgt takes cues from message boards; however, i don't see any problem with stating what i'd like to see mgmt do, and in the past we've been very fortunate to see what i'm sure are entirely coincidental moves by management in tune to what we've hoped for.
JP and the other leaders here have done a very good job at keeping this from being a pump board; we should all keep our eyes open for the bad as well as the good. We've had an amazing run but as we all know we need news to sustain this. I'm holding all of my shares but i'm not closing my eyes.
Best
Joe
Wooger, not sure i agree. 2 million volume on a 30 million volume day is not insignificant. It's selling, probably a sell order timed from early on to take place in last 10 minutes (again, makes me think it was management or cornell selling, more shares for cash on open market). It's going to hurt if there isn't news tomorrow. JMO, but we've seen this before. Hopefully management is watching and if there's a pr to come, it will come soon.
best
Joe
Well, that ending was ugly. Someone wanted out in a big way, and didn't really care about the price. Timed their selling into the last 10 minutes to take full advantage of the rise. Hopefully won't read about any insider selling tomorrow; more likely, IMO, it was daytraders, or a quick use of the pps to raise some capital by selling shares (the timing seems very calculated, which makes me think Cornell or neom raising capital through stock sale). Either way, we're going to need that major pr to keep from drifting way down tomorrow on the heels of this downward momentum. People who bought in from .35 to .45 are going to get skittish and go for their profits if this looks like it's swinging downward again. I hope the pr comes early tomorrow, would be a shame to tread backwards before the news. From here, the right news could aim us toward a dollar. But give it two hours in the morning, and we'll be looking at the .40's again before the news. Now that would not be great.
Otherwise, it was a fun day. I believe these volumes indicated a real leak, probably the virgin suit since that seems most pressing, but still could be something involving google or microsoft. I'm still over a million bucks on this but this ending was a true test of my strength. It's very easy to have a 10 to 20 percent down day with numbers like these.
best
Joe
Gonna need a lot higher pps to get my private island. If it hits ten bucks and i'm still here then maybe we'll talk!
Seriously, though, this run up is incredible, but we must all remember that the stock did indeed run up to .43 before on great news involving amazon, etc, and then ran all the way back down to .07. However, this seems like a much more sustained run, and if any of the things we have been talking about come true, we can base here at these higher highs. I still don't have, in my head, a clear valuation for neom; since there are no revenues to base any clear fundamentals on, since it's entirely speculative, it's almost impossible to predict the "proper" pps right now. With a virgin settlement, implying that the patents hold water in court, we're at least looking at a very precious "bridge" that someone- google, microsoft, yahoo- will want to buy, or at least get some major stake in. With a partner in the fortune 100 with the muscle to get word registry going, we're looking at a revenue generator in the tens of millions (IMO, it's not going to be billions like others say, it's too easy an idea to copy or go around, and it's just not yet proven to be as important as domain names on the internet). The big negatives are still the fact that no matter what happens near term, neom is still going to have to get money from cornell, and that means selling shares- 20 million at .50 at first glance, which is, sadly, enough to bring us way back down. My next concern are the insiders, who've been trigger happy on selling their shares into runs to pay their bills, or whatever. I know they need money just like the rest of us, but we need them to hold firm at these levels to send us higher. And finally, my last concern is TS- he's got a lot of power over this stock, and he needs to up his buy in recommendation. I fear him selling his stake for an easy profit, and his followers would follow suit. I want to see him come out with another changewave newsletter reiterating the 5 dollars by 2007 (5 dollars. can you imagine? I'd have 10 million bucks in the bank. Good god. However, IMO, that's way tooo high. 2.2 billion dollar company? Gotta see some major partnering going on for that to happen).
So though i am thrilled at the moment with being a sudden millionaire, i am very cognizant of the fact that this is going to take some major news to sustain. If we drift back down like last time, it will be a shame. JP, i don't foresee the same thing that happened to CYPT happening here. Like i've said before, i believe neom has been very careful and very sparing with their pr's, unlike cypt, and they haven't told us any lies.
I believe we will hit the .60's by midway next week, if not sooner, on whatever news is coming through the pipe. After that, it's anyone's guess.
Best
Joe
JP, wow, all i can say is wow. I now have more than 1 million dollars in neomedia (1,155,400 dollars to be exact). I never expected to have this much money invested in a "penny" but here I am. And I'm still not selling, even though I am not going to sleep much in the coming days. Today's volume is indicative of buying pre big news. This is not TS pumping, this is not retail buyers, this is big boys getting in on news they've gotten to early, period. Now, there's a very good chance we'll pull back when the actual news comes out (you know, buy on rumor, sell on news), but my guess is we've got a little more to go before that pullback. If the news is the virgin settlement, i see us in the .60s. If the news is a fortune 100 company, i see us going even higher than that, into the .70's. Now that we're around .5, we can move ten or fifteen cents either way much easier, which can be good or bad. As long as the volumes stay high, we're going to see some wild stuff going on. Again, i'm reminded of CYPT. In CYPT, the move to .5 was followed by a run to .75. I hope this works out the same, though i will be sorely tempted to sell some at that level.
I believe we'll get news tomorrow that will explain this run up, then a sell off at the end of tomorrow as people try and take profit going into the weekend, but heck, it's so hard to guess on this stock. All I know is that we've seen a really incredible thing here, a run without news to an amazing high.
Well, in any event, the thing i keep in mind, and everyone should, is you've not made any money until you sell, so for now, i'm a millionaire on paper (and i hope you're there too, JP), but that's a long way from having the cold hard cash!
best
Joe