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Why do a deal with a company that, financially, is on their death bed? Why do you think Sponge left, for the $ 6 million (not much money if those 30 million shares are worth so much in the next six weeks), or because they know something that we do not. If people here own so much of this company, then buying more is greed, and not buying more may save you more pain. Ever wonder where the 2 million shares a day comes from at lower and lower prices? The writing is on the wall; unless you believe they are going to sign a $ 20 million deal, get paid, and cover their obligations so they are at zero in the bank. Want to buy a bridge?
You write; "Maybe that's why JP says Cornell is gone in 19 weeks.". A few questions if I may:
1. How does he know this? He claims not to work for the company, nor represent them, yet he has this sort of inside knoweledge, does he?
2. How many times has he stated that great things are about to happen, ie the launch, the partners ect ect; and how many have actually come to pass? And when he stated in the past these great things around the corner, the price was 40 cents, 30 cents and now 7 cents - so following his advice has proven to be ....
I know JP is considered a 'God' around here, and I fully expect the attacks, but I also seriously believe that you have to question someone who claims this type of knowledge, and has proven to be wrong so often.
BTW, if there is a big partner, and I mean IF, do you really beleive that no news has leaked out, that the people involved in the deal have sat on their hands, and not bought shares at 7 cents given how great the company is? The volume proves there has been no interest for months in the company, and yet, we are to believe that a deal is at hand, annoucements of great magnitude will be here shortly - and yet it is quiet as quiet can be. Read between the lines; there is no proof of a deal, and the volume and the price shows this is most likely the truth.
Perfectly put.
You wrote: "12Snap, Gavitec and Mobot are all growing rainmakers". In the event that one of these companies is sold or the purchase reversed, what will you post then? Will you say there is trouble, or will you post that the loss of the company out of our hands is okay? I point this out, simply to suggest, that there are some real concerns here, and they are unfolding in an unpleasant manner, and blind faith can become a problem - you know what they say, 'never fall in love with a stock', because as J. Geils says 'love stinks'.
Agree 100% with you. BTW, your "PS. I have no hope'; refers to what (just wondering)?
If you read my posts, you will see that I see it as a good thing, and a bad thing. I think we should realize that they are in a bad situation, and are trying to correct it. But I cannot praise them for offering this fix to a problem they should not have created in the first place. This fix calls their managment ability into question; and it calls into question the posters who praised the deal with Sponge as great and all that it offered, and now those same posters call the deal letting them go as great too - it cannot be both. But to suggest it is both, well, it leaves one with the feeling that blind faith is rampant - and when is that a good thing?
When is having your back against the wall, being forced to sell what you just bought, and losing cash in the process a good thing? As to not having to pay them in the event they meet their profit incentives: So, NEOM bought them hoping not to have to pay them (that they would not meet those goals - hardly)? I think we both agree that managment made an error in buying them, given the structure of the deal, and the timing. But praising managment, come on, you are more reasonable than that.
True enough, and I agree with you. But do you see this only as a good news? Surely, you agree its a mix of good and bad?
Edited: Those posters who only see this as negative, have little credibility. BUT, if some posters only see this as a positive, they too have little credibility. To suggest all is gloom, or all is well, clearly that is not the situation one way or the other.
You said "A sign of a great management team, IMO." But great management would not have found themselves in this postion in the first place, don't you think? To spin this annoucement as nothing but good news is not reasonable. It is good and bad. Was'nt Sponge a great buy, as I recall so many saying? So now it is good they are gone? Yes, good that there will be shares returned, bad that we lost the experience and connections Sponge brought to the table. IMO, managment is attempting to make the best of a bad situation, which is good; but they created this back-against-the wall situation, which is bad. At best this hurts us less; at worst, it indicates how desperate the situtaion may be. At least now we know why the price has not been moving up over the past several days, given what appears to be some pretty decent PRs lately.
I've signed the petition - as would anyone who wants a fair market. Thanks for the link.
I agree with most of your post, and fully agree with the pointlessness of posting the same message. However, it seems that there are some posts that are 'pumps' that are repeated without anyone asking for that to stop; not that it makes posting negatives again and again acceptable. I think some who post the negatives, actually want an answer to the questions they ask. I do not know if they repeat questions that have no answers at this time because they do not realize there are no answers (though I find that hard to believe) or are they doing it to get under the skin. I for one, am very disappointed with the names I have been called (and I'll repeat this again, it was uncalled for calling me a "hate poster'"; especially given my life has been spent fighting real hate that even scares me at times). I appreciate your response to my post.
Sorry, but he did not twist what was said. And when those who have less faith in NEOM ask reasonable questions we are told:
- do you own shares
- why are you here
- you have an agenda
- you are a paid basher
- you are a hate poster (I really thought that was the worst)
All of the above have been tossed at me. I was even called stupid for selling at 12 cents. Wish I was even more stupid and sold all this worthless paper at 40 cents - but I guess that would make me a basher, but a lot better off than anyone who has held on to all their shares though.
I don't expect any decent replies - I have come to understand the character of many on this board (not specifically you).
I still beieve there are Judas Goats all over this board. (Look up Judas Goat if you do not know what it means, and see if you agree).
According to your post, "created by and for longs who believe in a company,". Is that to mean that only those who have faith in NEOM are to be here? I did not take you for someone who fights against open discussion. But you are correct, THIS board only wants the good news - which there was today - but I think it is too little too late. Please tell me how they cover the $ 30 million without issuing a bizzilion shares?
Great campaign with ONE, too bad they will be bankrupt before the end of the year, like you, my two cents worth.
The Titanic saw the iceberg too! eom
Just more mis-direction from management; if we knew what they know, we would have sold like they did months and months ago; but at least we know why some in management sold. Real class act.
Wait till 07, I did that when it was 04, then 05, and now 06 - why not be realistic and wait for bankrupcy; then we will know for sure. Unless they have a $30 million deal in seven weeks - but I do not believe in Santa Clause.
And what about the millions they require by the end of the year? Not enough coming from paint to cover it, so you assume there is a $ 30 million deal to be announced, and paid in full over the next seven weeks?
Why is it that everything to do with NEOM is either in need of being extended (the quiet periods, the negotiations, the filings, the LAUNCH) or has to be amended? The writing was on the wall when they took the $ 5 million loan from Cornell. And so many of you bashed me for saying it was a bad deal and it showed desperation.
Little difference if they have non-cash expenses compared to cash expenses if their backs are to a wall and need $ 30 million and have to sell shares to do it; either way, they got a problem. Even if they have a solution (selling shares).
I'll put my money on the receiver as someone who has been selling.
Gee that is what I said before; they run dry of cash, and then sell the patents right out from under the company - this is a bio-tech stock play to the nth degree.
Sure hope it works out and it is of some real significance; but I'll wait and see (before considering re-purchase of the shares I have sold over the last several months)- too many false starts with this company. Wonder why the price remains flat?
I was under the impression you knew about this company. Esspecially given the posts you have provided and the attacks you have launched on some people's opinions, mine included. Clearly you really do not know anything about this company.
To answer your questions: Yes, the math has been done nine ways to Sunday by everyone. And no the lawyers are not in house.
I must keep that in mind in the event I ever get placed in ihub jail. But then again, I don't use profanity, and I certainly don't make false statements, and most importantly, I don't believe in name calling and hate mongering, so I , like the majority here, the vast majority, are safe from such action. But I am still bothered by the fact that I can be labelled a 'hate poster' for having an opinion - that is just not right and it stings me ever time I think of it.
Now don't mislead people - you got jailed this morning, I saw it with my own eyes and it is listed in your profile via posts. I was complimenting you on such a quick escape. It has to be a record for sure.
As to the burn rate, I do not recall ever seeing the actual figure, and I doubt it is easily determiend since too many factors change the month to month, ie. the acquisitions will surely cause a change from a month to month basis. But I have brought up the issue of the company having to become leaner (though I never thought they were 'heavy' in the first place) as a negative, given that they are supposed to be growing. Don't tell me you and I agree on something?
How did you get out of jail so quickly? That has to be a record for placing a post, getting jailed, and then out of jail all within six hours.
You know what they say about a falling knife - I know, I know, no one wants to hear anything bad or anything from me, after all I have been labelled as a 'hate poster' - which is offensive and unfair, but hey I guess it is self-preservation to ignore the negatives I suppose.
HA HAHHAHHAHAHHAHHHHAHHAHHAHHAHHAH LOL Made my day.
I agree, too bad when I am attacked and called a 'hate poster' (#97017) nothing is done. And now Ualbany is posting false statements is that corect? And I get bashed for having an honest opinion. Nice.
Thank you mods for showing people, that various opinions are welcomed, and intolerance of opposing opinions is unacceptable.
Can they, or investors, afford to be in the middle ground given the billions of shares that will eventually be issued?
For the CONS:
1. Management lacks a plan. Proven by buying a paint repair business, then selling the paint repair business after not making money. Why is a tech firm in the paint repair business? No focus.
2. No cash. NEOM is forced to accept very bad terms for a very small loan of $ 5 million, and they pledge the patents for that loan. That tells me they are very desperate for cash.
3. They produce PR that talk about signing LOI, but never a PR about signing any actual deals. Lots of noise, nothing worth listening too though.
4. They have patents, that are worth no more than $ 5 million - as based on the price NEOM management put on the patents when they borrowed $ 5 million. The patents held up against a very small firm (that went out of business) and against a firm that made a deal to sign for a decade in exchange for next to no money. Yes this is the case with VIRGIN. Had VIRGIN paid any substantial monies for the long term use of NEOM product, we would have heard about it via the financial statements showing real cash coming in.
5. The number of shares out there will, eventually, be somewhere between 2 billion and 3 billion depending on how they settle the agreements regarding the recent companies they bought. To get this price to $ 1, they will have to gain ground on 2 billion shares, which means real revenue.
6. NEOM managment does not execute well. They have launched the product twice now, once under the name Paper click and now under the new name. Both launches were non-events.
7. NEOM has created bad blood between themselves and the investment community, ie. TS. Like it or not, attack one investment house, you have attacked them all. Now that the investment houses are against NEOM, its even harder to move forward to a real exchange.
8. The company has used self-imposed quiet periods to delay and restrain news, of any type to come forward. They have shown that they are not interested in shareholder value as proven by the issuing of billions of shares, and the fact that they will allow the share price to sink under a dime before making any public statements.
9. Other, and much larger firms, Google, MSFT have developed their own versions of the product and without any need or use for NEOM. Clearly they can cross the bridge without NEOM.
10. They have no cash to defend their patents, if in fact they are of any value at all now that others can do what we do.
PROS
1. The company has potential to sell their patents. Assuming they have value.
2. They have a following of investors who are so into denial that they will buy until the company closes; and even then will beleive that they will come back.
All of the above, IMO, which is what you requested.
PS. I bet some on the board tell you not to do this, it may increase awareness of what problems this company really has.
Sorry to reply to your posts; maybe you could make a list as to who can speak with you.
I was only joking with you...I understand your point from the original message. I agree there is a wait and see attitude. Especially when it comes to launching this great product that will storm the world and stand it on its head - that is what we are waiting for right?
Me too. HERE we are under a dime. NOW volume is light, and with more exposure. That is the HEAR and NOW.
Because the 'bridge' was only good while there was only one bridge. Now, there are several bridges, and every tech firm that involves the net, or cell phones has their own bridge.
Who would have thought breaking 10 cents would be a rally? Reality is tough, but ignoring it is tougher.
Agree 100%. But I do not see it coming to pass.
Hmmm, interesting. So the price moves with the weather and calendar. The colder it gets the better this company does? Or is ir simply a calendar thing? All tongue-in-cheek.