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Thanks for all the fantastic posts, and JP, thanks for the great response. I'm not planning on selling anytime soon, unless there's a terrific spike that i simply can't ignore. I think your projections seem pretty accurate. I think we're goign to get some stellar news next week, and i think a price of .5 by the end of january is very possible. Then i might sell a little for some security. After that, my price target is a dollar, 3 to six months. If word registry begins to take off, my price target will be 2.50. I personally doubt they'll be rid of Cornell anytime soon, as i'm not sure they can get rid of Cornell that easily, and i don't see revenues increasing dramatically for a while. But i'm not sure that matters, if we see a settlement from Virgin or any service provider action. If you're right on the Virgin count, i think we'll see .50 very soon. After that, it's going to be a matter of keeping the number of shares low enough to get us some real financing options. And if Google does indeed get involved (and the more i think about it, the more likely it seems- heck, it would be very easy and smart for them to partner with Neom) that would send this stock through a dollar.
And JP, no talk of retiring, you need to get ready to pick us another penny stock when we hit 2 bucks! I've got my eyes open as well...
Best
Joe
Well hello all. Some very nice price action here, reaching new 52 week highs. I'm hoping that management follows up with some great news, and doesn't simply sell into this to raise more capital.
JP, i'm curious whether you have a price target on top of your time table target. Is there somewhere you'd start considering to sell if it springs well before your 6 month or 2 year targets? TS put his price goals, I believe, at 1.25 in six months, 5 in year or two, wasn' t it? I'm asking because once again i find myself sitting on half a million bucks in a penny stock (HIV all over again, ain't it, friend). It's hard to ignore the numbers when they get this high, even though i too have finally become a true "neomite". I do believe that the word registry- which took me by surprise, by the way, prob because i am not quite as well researched as you (JP), koko, or retired. But this is of google proportions, if handled properly (though those sort of gains will be a year or two away, IMO). One or two solid major players getting in on the word registry, and goodbye, this will be crazy.
Anyway, what are your points? or are you holding no matter what?
best to all.
Joe
I'm pretty sure this has been posted here before, but I was just reading through it again and I think this really hits at the heart of why Neom is going to go nuts over the next few months. This is exactly what Toby S has been heralding, this is why vodafone will make a deal, through one of Neom's partners, for Neom's paperclick tech. This is from the current Businessweek website, an article titled Will 3G Answer Vodafone's Call?
best, Joe
NEWS ANALYSIS
By Beth Carney
Will 3G Answer Vodafone's Call?
The British mobile-phone giant is counting on its expanded services to give it an edge over the many rivals charging into the field
Peter Bamford, Vodafone's (VOD ) chief marketing officer, sees the November, 2004, launch of its long-awaited third-generation (3G) mobile service as the start of a new era. 3G -- which allows users to download pop songs, movie clips, and video games onto their cell phones -- will turn the communication tool into a multimedia source of news and entertainment. "This device is going to become the center of people's lives," Bamford says.
Cellular-service providers dearly hope he's right. Most of them have placed big wagers on the much-vaunted 3G service and need it to be a hit. The bidding war over spectrum licensing in Europe during the dot-com boom cost the industry more than $130 billion, with British wireless giant Vodafone alone laying out $37 billion.
NO TIME TO WASTE. The outfit badly needs a financial boost. On Nov. 16, Vodafone -- Europe's top mobile-phone operator, with 30% of the market -- posted a net loss of $5.9 billion on worldwide sales of $31.2 billion for the six months preceding September, largely because of goodwill amortization relating to some earlier acquisitions, including 3G licenses. More worrying: Profits before goodwill amortization were down 1%, indicating that growth may be sputtering. The business appeased shareholders by doubling the half-year dividend, to $3.55, and boosting a share-buyback program by $1.9 billion.
With Vodafone's high-profile expansion of 3G consumer services in Europe, it hopes to leap ahead of the competition. It already had limited 3G offerings available in Japan since 2002 and in eight European countries since last spring. But Britain, Ireland, Austria, and Switzerland will get the Vodafone service for the first time, and all 13 countries in which the outfit operates will have upgraded offerings.
The wireless concern's rivals, however, are moving fast. Hong Kong-based Hutchison Whampoa's (HUWHY ) 3G operator 3 (the company's name) began signing up users in Britain and Italy in March, 2003. Since then, 3 has provided service in Austria, Sweden, and Denmark. Also jumping into the 3G fray are Milan-based Telecom Italia Mobile; MM02, a former unit of British Telecom; France Telecom's Orange; and Deutsche Telekom's (DT ) T-Mobile division.
NEW-GENERATION HANDSETS. For Vodafone, nonvoice mobile service, including picture messaging, video downloads, and other multimedia bells and whistles, accounts so far for just 14% of its sales, or $4.5 billion. But revenues have been growing at a healthy 9% clip.
The outfit hopes its new services will further spark growth. 3G subscribers can download clips from popular MTV shows such as Cribs as well as movies of the month, starting with the just-released Bridget Jones: The Edge of Reason. Coming soon will be a series of one-minute videos inspired by Twentieth Century Fox Television's drama series 24.
Also on the way are a range of 10 new handsets, made for Vodafone by Sharp (SHCAY ), Motorola (MOT ), Sony (SNE ), Ericsson, NEC (NIPNY ), Nokia (NOK ), and Samsung. They're designed to handle 3G's increased demands, with better picture and audio quality and longer battery life. And Vodafone has signed deals with big entertainment concerns, including Sony BMG Music Entertainment, UEFA Champions League, and Disney (DIS ) for music downloads, soccer highlights, and film clips for its customers.
AVOIDING BLIPS? Vodafone has one big advantage over rivals: It already has a successful multimedia business that allows its 11.5 million subscribers to send picture messages and download games and some videos on their phones, although at slower speeds than 3G.
The wireless giant aims to sign up 10 million 3G users worldwide in the next 15 months, with about half that number coming from upgrades among its 146.7 million global customers. That should boost profits as 3G clients are expected to spend more on the pricier new multimedia services.
But avoiding the problems that have plagued other 3G offerings may be tough. Hutchison's 3 suffered a black eye with its British launch last year because calls were often cut off when users moved out of the coverage area. Vodafone officials stress that its customers won't have the same problem.
"RAISED THE STAKES." Ultimately, consumers will be the big beneficiaries. That's because analysts expect prices to fall as operators create incentives to lure new users to the pricier 3G products. Already, 3 has wooed 1.2 million customers in Britain with cheap phones, cut-price service plans, and fancy new handsets.
Vodafone, too, is subsidizing its new phones to boost subscriptions. It has "raised the profile and also raised the [3G] stakes," says Nick Jones, an analyst at the research firm Gartner. The question now: Can it prosper from this strategy?
JP, I agree. This seems to me to be fund buying. The consistant volume and price rise indicates a big buyer continuing to purchase shares until reaching a volume indicator. Someone wantsa acertain amount of shares, and they don't care if the price rises. They aren't waiting for dips. Hope they want a lot more shares.
best
Joe
Well, another great start to a short week. The volume is once again the important indicator. In the past two weeks we've had a massive rise in volume, which means there's a very strong base here in the mid teens. I believe this is all related to the SAIC word registry; someone (or a few someones) betting big that the word registry will be a big enough jewel to make this company a player, or at least valuable enough to bigger outfits to induce investment. I'm hoping Neom management uses this moment correctly, not just to sell more shares to pay more overhead. A nice fat pr placed into this firestorm would rocket this over .20, (a year later than my predictions, but who am I to complain? :)). I'd love to see Vodafone or Verizon step up to the plate, or microsoft make some mention. More likely, we'll see something on the Virgin front (again, i still believe it would be so easy for them to settle for some nominal price, or even for free, and the pr would boost Neomedia's place in this technology immeasurably, and it wouldnt' cost Virgin anything if Neom were smart), or another Intel or SAIC based pr. The more I think about Word Registry, the more I like it. This has the potential of truly being huge; I'm not sure about patent issues; can Neom really own this market legally? But I love the idea, and i think it's very original and bound to make money (though not 800 bucks a word! Come on, dot com names cost about 70 bucks a year to rent out, and those are still way more valuble!). What I don't want is another pr involving paint registry, as that, though eventually profitable, isn't going to make this a half a billin dollar company.
In any event, my price target hasn't changed. I believe this puppy ought to be valued at around 150 million, which, at current share levels, should place us at .45- .5. At that stage, I'd have to see some serious development (and yest, as toby said, Vodafone would fit that bill!) to believe it's worth more. But we're definitely going to beat .2 if Neom management plays this well!
best
Joe
Sort of OT:
First off, just wanted to thank JP for some stellar reporting and for keeping this board so well informed. There are some very exciting things going on, re the recent prs and more importantly the recent attention from ts and the resulting volume. I think we have begun a sustainable run in terms of pps, which should carry through the christmas season. Most of the new money that has come in here is going to be holding for at least a couple of months, which should give neom time to get some great prs out concerning further developments with paperclick- and if, indeed, vodafone signs on, we're lookign at .40 or .50 cents.
I am really reminded of the exciting ride some of us took with CYPT, now HIV, when i look at this. With CYPT, I bought in at .12. Then numerous prs came out, of two categories: new developments with their product, and new realms of financing. Nothing to do with revenues, however. Interestingly enough, the stock ran to 1.75. Then bashers essentialy took over, got a watchdog newsletter involved, and the stock dove all the way back to .3 or so. Now it's on the AMEX, but still under .3. It was quite a ride though, and throughout, not much of the prs either way involved revenues. I feel like we might end up in a similar ride with neom; big volume, huge price gains, no news on revenues.
Either way, i'm here for a while. Still got my 2.25 million shares, average price of .12. With these new volumes, am looking for at least .4, hoping for a buck.
best
Joe
this is an unusual run up on 5 million shares without news. There is something in the pipeline for this week, IMO. Hoping we can close out the day at over a .01 gain.
best
Joe
well, certainly microsoft would be the holy grail for this stock. but i'd love for some other news to come first, intel or provider. a better base before big news would be awesome.
Once again, i like this price action and especially this rise in volume. There's no 10q hanging over our head for a while, which gives us a good couple of months of potentially good news to rise our pps. There's so much in the pipeline, it's a good time to be holding this stock. Love to see an announcement of a deal with a provider, something new from Intel, or something about a brand name user of paperclick thrown into this base. I do not expect anything concerning Virgin until after the september court date, and even then, probably nothing significant, they will drag this out forever. Just some thoughts.
best
Joe
This is shaping up to be an interesting day after all. Over six million volume, not much of a drop in pps (and rising now, hopefully to continue). There was a selloff in the beginning of the day, but it isn't continuing, and i see mostly buying now. We're ina good positiion for news to be announced, because we don't have the 10q hanging over us, and we lost some weak day traders. If we can close near where we opened, we can stay on track.
I'm not sure why we're talking so much about BSDS. Maybe i don't know all the details, or maybe i jsut don't understand- why do we care whether it gets bought or not, again? In the short term, an acquisition like that will add to the dilution, cause a cash hit, and do nothing for the bottom line. It won't change revenues, and will add to costs. In the long run, we're banking on Paperclick anyway, right? We're banking on microsoft and intel and virgin, etc. These are the issues that will make or break this stock.
I'd be happy if Neom had nothign to do with all these canadian companies. No CSI, no BSDS, just paperclick, live or die. We ain't going to get rich with a paint repair company, that's for sure.
Okay, enough said. I'm still here, 2 and a quarter million shares, average price at .12, and not going anywhere!
best
Joe
Just want to reiterate my previous post. There is nothing surprising in this 10q. THere was no reason for anyone to suspect that dilution was anywhere near over, or that revenues had significantly changed in any direction. THe Intel deal is forward looking, has bearing on the potential of paperclick, but not on present financing. BSDS is still in the same place, and the paint repair company is close to breaking even. What did anyone expect? A magic bullet of revenues that wasn't pr'd? A sudden finish to BSDS that wasn't pr'd? Microsoft mentioned in a 10q?
We are exactly where we were three days ago. Still hoping for some sort of good pr. Still hoping that the current investors want to see paperclick realized, and will hold until then. And hoping that neom gets its act together, and finds some mechanism to sell paperclick.
best
Joe
well, don't see anything surprising in the 10q. Nothing that good, or that bad to report. I guess it's still just a big waiting game.
best
Joe
Well, today was an interesting and frustrating day. I believe there are a few things going on here. The news has all been good; putting together the intel news with today's news should have this pps nearing .20, but instead we are stuck below .09. I believe Cornell is selling into any run, which accounts for the high volumes after these pr's (most of us real longs aren't selling for a few cents profit when we believe there is much more to come). Since the stock has now shown such a clear trading pattern between .06 and .12, it's going to be very hard to break through, as anyone buying in the .06-.09 range is going to sell in the .10-.12 range. I believe we should see a steady rise in the next few weeks as Cornell lets off the selling, but we'll see big moves up and down like this every time there's a pr, until proven revenues are shown and there is no more need for dilution.
I do think there's a potential for good news on either virgin or microsoft at the moment, and i really would be surprised if we don't finally break out to .15 in the next three or four weeks.
best
Joe
Mudrez, that was very eloquent. I stayed in this stock because of Retired; I looked forward every day to searching this board for his comments, because I knew I had a lot to learn from him. I hope we can all pick up where he left off and keep the DD at the high bar he set, as long as we stay here in this little corner of the web.
RK, that's a great post, and I truly believe this news is the one that should push us to the next level. I do not believe Intel would sign this agreement if Neom's patents were not, at least to some degree, enforceable. If management is smart, they will follow this up with more news, now that we have the attention of the larger investing market. The key here, is this volume. More people bought Neom today than any time since the run to .43. We are in an incredible position. Any pr that comes out now will make this spike at a very fast pace. I believe we can make .3 or above if the volume continues at this level. And i fully expect Virgin to settle now, it just makes the most sense to me. Anyway, that's my opinion.
Best of luck to all.
Joe
JP, that's very sad news. My prayers are with his family.
Though small in the scheme of things, his messages here will be sorely missed. His personality made this board an important part of many of our days.
best
Joe
One thing to keep in mind. Over the past two months, the large volume has all been on the upside, and very low volume on the selloffs. Which means that most of us are holding at higher prices, so hopefully there will be less profit taking than one might expect.
I'm also hoping that there will be a handful of pr's put together to try and turn this into a real run like last time, into the .20's and beyond. Intel + virgin would indeed put this where we want it. We shall see how well neom's management can play this.
best of luck to all
Joe
HOLY CRAP
I just broke even!
now that's nuts.
Where can this go today?
best
Joe
Great news. Should give us a really good lift today. Intel is a big enough name to drive some real volume into this, even more than the SAIC news. Perhaps this is the beginning of a nice run, back into the .10- .20 range, like the amazon news way back when. Congrats to everyone who bought at these depressed levels! Maybe we'll have a great summer after all.
And as a side note, i do have to thanks Saluki, from Raging Bull for the TFCT tip (as much as he bashes neom he did make me some nice money on that one!). I can't seem to post on RB anymore, but everyone seems to read this board anyway!
best!
Joe
Woops, i didn't mean ten fold increase in revenue, I meant a 100 percent increase, sorry.
First off, Retired, my hats off to you. You've been stating that CSI revenue will be much higher than expected, and you were dead right.
This PR is fantastic in terms of the potential market cap of Neom. Paperclick aside, if revenues do increase by 2.5 million or so per year, we're talking about a tenfold increase in revenue! As it is, next 10q should show a near doubling of revenue from the last 10q. And this is just a deal with New Zealand and Australia. What happens when CSI adds Japan, China, Europe, and eventually, the US? If Neom can roll this out around the world (although i'm guessing other markets are more competitive than New Zealand, but i don't know nothin' bout micropaint repair), we could see a great revenue stream here.
I don't think dilution is over yet, by any means, however, as Neom's costs are well more than the 186,000 in the next quarter, and more than 2.5 million in the next year. But this will surely make the next 10q look a lot better.
I believe this stock should be at a dime right now. With more news like this, the market cap should approach 50 million, which would be a pps around .15
best
Joe
Well, the LSCAn situation is either very bad news or very good news. IMO, either they dropped the suit because on further review, they decided they were not going to win it in court, or they reached either a settlement- which they would pr next week- or some sort of a merger situation- which they would also need to pr next week. Or, if Lscan is in fact going out of business, that would also be something that would most likely be explained in a pr.
I'm def. expecting some sort of news after the holiday. I'm hoping it's something involving a settlement, because that would foreshadow more settlements re virgin et al. However, I am still not personally convinced that Neom has enough legal ground to win these suits in court, and I would much rather see news stemming from the SAIC Pr, something involving paperclick and revenue generation contracts.
Either way, I am loaded up, now i've got 2.5 million shares, as many as i could add at .064. If it hits .06, i'm in for another 500,000, but otherwise, I'm waiting for something good to happen.
Best of luck, all
Joe
Well, I got 353,000 at .064, but that's all they would give me. Might lower the order for the rest to .062, try and get a little bargain. There's no sell-off, that's for sure, the volume is too low. A spring back to .08 seems pretty inevitable to me, but heck, what do i know?
best
Joe
Hmm, a second chance, perhaps? I will not miss it this time. I have an order in for 1 million shares at .064. Will I get it? Only time will tell...
best
Joe
An R/S at these levels would indeed be death to many of us current investors, but I also agree with Retired and Lupetto that an r/s above a dollar to get onto a real exchange, to lower the amount of outstanding shares, may be okay- though i'd much rather see a buyback or some other mechanism to lower the o/s, especially if there are major revenues from paperclick coming in- which is what it's going to take to get this stock to stay above .20, let alone a dollar, IMO. A reverse split tends to depress the stocks price as investors, like me, will inevitably try and run for the hills rather than hold through a dangerous period like that.
At the moment, I am still hoping for a dime by the end of the week, and .12 next week. Hopefully dilution has been kept down below 300 million shares, and the current news will lead to situations that will make more dilution unnecessary (though as of right now, we're still on the ugly dilution for cash spiral, and even with the current news, there is no evidence that this will change anytime soon.)_
Anyway, it has been a better week than the last. That's saying something.
best
Joe
yes, would love to see SAIC attempt to procure a meaningful percentage of Neom stock. that would move it up considerably
Retired, out of curiousity, do you have any dd on SAIC's past tech successes,or anything about the revenues they've generated on similar types of marketing agreements? i'm just curious what they've done before that might give us some benchmark of how things might go through them with Neom.
best
Joe
Personalizit, you're right. That's why i'm terminally frustrated :)
Actually, i am much happier when it's going up, but like a lot of us, i've got a lot of ground to make up. If i could have gotten some cheap shares, i could have made that ground up much faster. I need a pop above .143 to be back in business. Anyway, with the current news i feel pretty confident that, barring anything unexpected in the 10q, we can at the very least make a dime.
best
Joe
Retired, I'll tell you what bums me out. I was going to buy a million more shares at .061 beginning tomorrow :(
The last pr is a big one, with far reaching potential, IMO. This should lead to many actual revenue generating applications of paperclick, in a worldwide market. IMO, if the 10q hadn't been delayed, there would have been an even bigger jump in the pps as a result of this. Some investors are still waiting to see what the 10q brings, whether it will cause any dip, etc. But this is great news. And congrats on buying more in these levels, retired (i think you said you got some the other day), i couldnt' free up cash in time. Maybe there will be a sell-off, but i don't think so. With this volume, i'm guessing we see a rising pps for the rest of the week (though i've been wrong before, of course). I am estimating we make it to .10 by the weekend, and if the 10q comes out and isn't too bad in terms of dilution of losses, we should be back in the .12 range soon. Still way below where we should be, but on the right track. And now i'm starting to wonder what else Neom is working on that we don't know anything about. I like to be surprised!
best
Joe
Retired, all of it well said. An excellent post, and i apologize for misquoting you. I hope even half of what you say comes to fruition.
best
Joe
I'm continually surprised at the silence from management at a time like this. The pps is down a hundred percent in a matter of weeks, and there is no comment, no news, no buybacks, nothing. A show of confidence such as insider buying would help immensely right now. Something about paperclick should be newsworthy by now. Waiting on the lawsuits is goiing to kill this stock, because those lawsuits are going to drag on and on, and in the end, my guess is they will be somewhat of a letdown; despite what retired maintans, I highly highly doubt Virgin is going to be paying any major money to Neom on this issue. And if Neom is playing hardball over fees, IMO, they are making a huge mistake. Taking something like this to court is way too high a risk. These patents just aren't clear enough, IMO, to take down technology that wasn't even around when the patents were written. Paperclick needs to prove itself as being valuable without these suits. We need a major announcement of something actually earning revenue.
Anyway, i will say this. I'm not selling, and if we hit a nickle i'm buying more. But i am fully aware that there is a very good chance i will never make a profit on this stock.
best
joe
Thanks retired, yes, I am sincere, and losing a ton of money on this stock, at the moment.
Smartbiz, An r/s would be almost as damaging to those of us holding a handful of Neom shares as a bankruptcy. I fear an r/s, if this pps continues to decline, and that will leave those of us who bought before the r/s in a seriously bad position. Nor do I agree that neom can fight virgin indefinitely. Neom is bleeding money every quarter, and will continue to do so in the foreseable future. that money has to come from somewhere. As retired points out, cornell is already infusing a fair amount of cash at a set price, but that cash will not carry neom through a protracted legal battle.
Contingency or not, neom needs to survive through the entire court process. This could easilly take years. And I am not convinced- and nobody has given me a good enough argument to begin to convince me- that neom's broad "bridge" will be upheld in court to the degree that virgin would have to pay them anything. Broad patents aren't usually successful in infringement cases. I am hoping virgin settles- simply because it is easy to do, will cost them very little (despite your calculations, i believe neom would accept very little to announce a positive settlement, in fact IMO neom would accept a single pr announcent of their tech in virgin's stores as a full settlement, and i would agree with that move.
As for market caps, etc, my point is that this company, at the moment, isn't very valuable. It can certainly be bought, and for much less than many here would hope. The majority shareholders would sell, IMO, if the right price were offered; and I believe that right price would be way lower than many of us would want. Unless paperclick takes off, or unless one of these lawsuits is quickly settled, the value of this tech is dwindling, as is the value of Neomedia. It's market cap has declined by 100 percent in less than one month. You don't think the majority shareholders would accept an offer of, perhaps, a few times the current market cap instead of a drawn out legal battle? At this point, I know i would. There is, IMO, no way Virgin would ever pay anywhere close to 200 million in fees to a company worth less than 20 million dollars.
Fritz wanting 500-1000 per code is simply, IMO, insane. unless these patents are airtight- and i highly doubt they are, as broad as they seem to be, and as they attempt to cover technology that wasn't even invented when they were first submitted- it will be an incredible uphill battle to get licensing even close to that cost.
Anyway, thanks for your response. And Retired, thanks for the explanation of cornell's infusion- it certainly helps to know that. I agree that at the moment, Neom doesn't need much more cash, but it will. I'm hoping you're right about the summer, but at the moment, it doesn't look so good to me.
best
Joe
Hate to be a naysayer here, but IMO, Virgin's other option is to simply drag the court case out for a year and force neom into bankruptcy. As this price continues to crumble, Neom's ability to raise cash is seriously in jeapardy. It will take immense dilution to raise money at these levels. Neom management needs to rescue this stock before it's too late. If I were virgin, watching this pps, I'd simply drag things out as long as i could- and if i were virgin, that would be a very very very long time. The idea that virgin is going to pay neom, a company whose entire market cap is dwindling below 20 million, 200 million dollars for anything, is ludicrous. The entire company- and its up til now unproven patents- could be bought for a fraction of that. Neom needs some good news involving paperclick before this price gets any lower. As it appears right now, this is going to be a very ugly summer for the company if management doesn't get on the ball, and fast.
best
Joe
I hope you're right, JP. There's got to be some reason why management has been dead silent for nearly a month now. It seems very out of character. Especially with paperclick supposedly launched in europe and showcased in the US, with the CSI situation complete, with all the lawsuits ongoing. They should let stockholders know something, for gosh sake. The price has drifted to a painful level, i'm quite shocked by it all. I can't imagine what their game plan is. At this rate, any good news might just be enough to get us to a dime, which is still abysmal. My fears of a reverse split are biting at me again. If this drift continues, it's going to get really really ugly, as if this isn't already really really ugly.
IMO, at this rate, news of a virgin settlement will put us at .12, not .50. A major announcement involving someone like mcdonalds or coke might get us to .20. But it would take an act of god to get us to .5.
i miss the good old days of CYPT.
best
Joe
JP, i'll tell you, I wish i still had my big position in CYPT. I'm kicking myself for not buying back in at .30. I agree that it's headed north.
As for NEOM, I believe i'm less certain than you are at this phase that management knows what it's doing. I bought in because of paperclick and the "launch" in europe. I was dismayed by the paint repair company purchase, and i'm made nervous by the litigation. I know that patent litigation can take years and years, and I also know that broad patents such as tech for "linking the physical world to the internet" are very unlikely to be upheld; there's too much wiggle room. I just want NEOM to market paperclick in europe and the us, period. It's a good idea, a very innovative product that could have huge potential. Paint repair has minimal potential. Litigation also has unlikely potential. That's my feeling. We need good paperclick news to push the pps up, that's all.
Anyway, i think you're going to do quite well in CYPT. Hopefully we will do okay here. If Virgin settles, I will be happily surprised. I don't expect anything positive to come from the suits with airclick or scanbuy. That's my opinion.
best
Joe
Jp, still got my 2 million shares as well, average at .142
Although I've voiced much discontent with the situation as of late, I am still holding. I just hope that Neom bears fruit sooner rather than later, as i can't afford to wait forever.
best
Joe
Well, law suit or no law suit, Neom management needs to do something soon or this pps is headed much lower. Paperclick was "launched" in europe and debuted in the US and there's been zero progress since then. No evidence of revenue generation, no evidence of it being picked up by any press, no evidence of investment money coming in, nothing. The fact that they are "diversifying" into paint repair scares investors who might be willing to bet on the future of paperclick, and any relationship between csi and paperclick is dubious, at best. Personally, i am very afraid for my investment at the moment, as should we all be. Management needs to show us that paperclick is still a viable product worth betting on. Nobody is going to value a paint repair company at over a 20 million market cap. This is getting ugly, and it's unfortunate because paperclick seemed to offer such promise. If Neom doesn't show at least a hint of that progress soon, it's going to continue sliding south.
The law suits will take long before any settlement is reached, imo, too long for the pps. I am also not confident that Neom's patents will be upheld to the degree necessary to put other companies such as airclick and scanbuy out of business. Personally, I believe there will be too much wiggle room left in the technology's use to force any other company wanting to read barcodes and jump to the internet to owe Neom a license fee. I'm just not convinced that those patents are going to hold up to that degree in court, but we shall see. In any event, Neom should be pushing paperclick, not pouring money into court cases. If this is a viable product, make it stick, make it famous, make it valuable.
That's all i have to say. Very frustrated and unhappy with this company.
Best
Joe
I appreciate everyone's dd. I'm simply stating my opinion that this board is extremely optimistic and tends to see things in a certain way, as opposed to the other board, where the same facts are seen differently. Although i do enjoy reading all the different articles on barcode technology and the future of cell phones, my point is simply that it is optimistic to believe that these things have anything to do with neom. Until neom wins its lawsuits or proves somehow that its tech is indeed proprietary and marketable, all the developments in barcode tech and cell phone lenses are spurious. Interesting, of course, but it takes an optimistic view to believe that they, coupled with what we know about neom's dilution, earnings, cost of earnings, and present revenue generating ability, make this a positive time for the company.
And as for vision and faith, i have bought heavilly here. This does not change my opinion that management is mishandling things. I have made a bet, and i am holding with it. But i am not closing my eyes to the disastrous situation with the pps, and management's seeming inability, or unwillingness, to fix things. The future is only rosy if you close one eye to dilution, and open the other to the tech's potential. I want to keep both eyes open.
best
Joe
Your point about Nokia is exactly right. Why can't Neom get Nokia to put out a one sentence press release about Neom's tech being loaded in their phones? that seems like a no-brainer to me. Nokia benefits by having proprietary tech in their phone, neom benefits by the association. This is what a powerful pr firm would make happen. They would go to Nokia and get them to make a simple comment.
Best
Joe
Hagi, i've just come to regard this board as the "blindly optimistic" board, and the Raging Bull board as the "blindly pessimistic" board. The truth probably resides somewhere in between. Here, every link that includes some connection to barcodes or cell phones or scanning is determined to have some good meaning for neom. At R&B every low volume day without news is considered to spell doom for Neom. Neither view makes much sense to me, but it's good to have both represented.
Well, with the conferences ending and Neom's 'launch' or whatever you want to call it in full swing, I can't help but be frustrated by the low volumes and the drift in pps. I too believe that Neom has some sort of plan in place, contingent on the things that Donbalon discovered in his awesome interview with Kaminer coming to fruition (virgin suit, service provider). But in the mean time, IMO, they are mismanaging pr opportunities and thus allowing the pps to drift to dangerous levels (below a dime we could easilly see a drop to .08 without help, which will only mean more dillution as Neom tries to raise funds to stay in business). I have been involved in many OTCB stocks, and I haven't seen a stock with so much potential good news they could post holding back prs to such an extent. I still believe that time is definitely not on our side; Neom needs to put pressure on the pps by putting out declaritive pr's about the conferences, about their progress, about their future potential. Get some industry insiders to make grandiose statements about Neom's potential. Get Nokia to say something- anything!- about neom's tech. Get Amazon to make a comment about barcodes and the future of comparative shopping! Get something in the press, raise the pps, raise the buying interest. Hire a real pr company, which IMO, is worth way more than a microchip paint repair company. (i know, i know, dupont, we'll see).
Anyway, I'm not going anywhere, but i am fearful for my investment. If we drift and dilute, we are spiralling the wrong way. Saluki did make one good point on the other board (i believe it was him), and that was about the bankruptcy comment in Neom's last 10q. Although of course this is just lawyer talk and it's in a lot of 10qs on the otcb, it shouldn't be completely ignored. The way to stave off bad things like bankruptcy and reverse splits is to raise the market cap by raising the pps. Neom is in the process of missing a very very good opp to raise the pps by touting their tech on a worldwide stage.
Anyway, that's my two cents. Take it however you'd like.
best
Joe
Donbalon, thanks, fantastic interview and post. You hit all the right questions and I was impressed by Kaminer's answers. This is much much better than the "pr" Neom put out yesterday. The thought that we are near a settlement with Virgin, as he said, is thrilling. Also the idea that we are near something with a provider. Either of these things will push Neom to new highs. The stock price seems to be wound very tight right now; there's almost zero selling volume,which is remarkable on a stock with 277 million outstanding shares. Anyone wanting to buy any sizable amount of Neom is going to have to pay dearly for it. And if Either of these two things come to fruition in any reasonabl amount of time, there will be plenty of people wanting to buy. I hope these things come to pass before another round of dilution is reported in the next 10q.
best
Joe