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Or maybe T.S. simply came to the realizatioon that this company is worthless; they even gave up the IP to get a loan with a lousy interest rate. And if/when the price continues to decline, at least he can say, 'well I said sell at 10,9,8,ect not a peny' - which is, IMO, where it goes in the end. I'm sorry I still own some.
Agreed that selling in a panic is not a good idea; however, either is denying what has occurred i.e, no launch in September (save for a test pilot run in one local newspaper); the paint business was a flop and is being sold to raise cash; bank financing is not an option; they were forced to take a loan with terrible conditions; they have not signed one significant deal with anybody; they have no revenue; and all the competition seems to have signed deals in place with real cash flow stream. So waiting could be best, or, IMO, when more people wee what has occurred today, they will line up on Monday to sell even worse. Could be a dead cat bounce, but at this point, hoping for a few pennies is not worth the risk of only getting a few pennies in a few days time. I took a bath on this holding, and it was a tough decision to sell recently, but the terms of the financing deal recently was simply to tough to swallow regardless of any spin. I still consider it a real possiblity that this company goes the route of a bio-tech.
Newscorp is a well run company; they don't waste their money. And I am not gloating over selling recently, as I still have a few left, I took a huge loss as it is on what I sold, but as I said weeks ago, better to have a huge loss compared to a total loss. Being in a state of denial about the price rebounding ect ect is just postponning the loss which, IMO, will only get worse; a nickel is five times better than a penny.
I wish that thought was used when there was baseless cheerleading allowed.
A huge loss is what I have been taking over several weeks - and it is a lot better than a total loss.
Got any proof of this, or is it like the launch in September? Get real.
Never forget who the CHEERLEADERS are around here!
Well, well well, looks like my selling, which I was up front about (don't want anyone thinking I have an unknown bias) was correct. I'll buy back your shares for a penny....likly next week. Thanks for the good advice as to how 'great things are with this company', I hope everyone notes who has been a cheerleader, and put them on ignore before they cost you more money. And make note of who was realistic.
If that were the case there would be others on this board who should pay penalties too. Ever wonder why those who post hype/hope based on nothing are so quiet lately - I suspect it is so they can allow time to pass and people will forget what they said. I won't. I can tell you one thing for sure Dr., those with the posting of 'countdown is on 10...' must be able to count backwards really, really slowly. I would end with LOL, but there is nothing funny about this situation.
It was posted here that:
"DD: That's interesting. NeoMedia just hired someone away from Air2Web who attended CTIA as one of the NeoMedia reps."
I ask, again, what is the individual's name; I ask so that this information can be confirmed - otherwise, it is just more along the lines of RB board (more hype, more hope). Also, what about the countdown using 10, 9 ect? I have yet to post an opinion that I did not give details to why I concluded the opinion that I have; would be nice if hype and hope posters could at least explain their posts - otherwise newbies might think this is just a hype board - and we know that is not the case.
So that further DD can be conducted, can you provide a name as to who they hired?
I think it is 'out' based on the fact it is used by Cellfun; and it is running in Ft. Myers. Or am I to believe that this great bridge is not only being kept quiet by NEOM itself, but by all the authors of articles about bar code readers and cell phone uses ect? That would be sort of odd to think that those many people are purposely not discussing this great opportunity - or maybe none of those article writers see any opportunity, or bridge. But hey, you have a point, I'm willing to wait another few days for the big launch and then I'll eat my words. Don't forget, according to those in the know, the countdown is on, right?
Looks more and more like a bio-tech play; in my opinion, management buys the intellectual property and walks with it, and the company runs dry of cash (we know that is a real possibility). At least they won't get any more free junkets to CTIA on our dime.
The stock price or management's performance?
As it has been pointed out, there are never any articles about NEOM (save for the local Ft. Myers paper). A few years ago, NEOM had the space to themselves, in theory, for the most part. Now there are several companies involved, and they appear to be signing real contracts for real money. Meanwhile, NEOM management talks about discussions with big players. Well, Cellfun is a big player I guess - not in my opinion. They have 1 million people playing their games; wow, big deal. MySpace has what, 50 million hits / per day or some amazing number like that; what makes 1 million game players big given the numbers of game sites, or cell phone users ect ect.
I recall once being told that if management lies to you once, run. If they have a solid reason for a delay, give the benefit of the doubt. Well, I began running a few weeks ago, when it became appaerent that the 'launch' was a test program. Which means there was / is no launch. And the product is still not fully functioning if it requires further tests.
For full disclosure, and so no one says I have a hidden bias, which I think is clearly not the case, I sold more this morning. Each week the number of shares I determine I will continue to hold, regardless, lessens. Again, I would rather take my chances at a smaller profit at some point in the future than a larger loss.
I would really like an explanation from the poster who stated the countdown is on, 10..9.. ect. But who would want to admit to stating it was hope and not fact?
More like three days (end of September) and $ 5 million short (poor financing deal with Cornell).
It was posted on this board that "one of the top shareholders of one of the companies acquired has brought suit against NEOM for not filing his shares so they are sellable."
Two questions:
1. Is this true?
2. If it is, when the shareholder gets his shares, how many do you think will be immediately dumped? Given that the buy-outs were for millions of shares, what type of affect would millions of shares hitting the market at once cause?
Seems either (assuming the above is true), the shares when issued will almost immediately be sold or that NEOM does not issue the shares, but is then in default of the buy-out agreement.
I wonder how hard that company they bought, given the above problem, is working for NEOM?
What, I thought the launch was in September?
I thought we were on a countdown, starting at 10 - that was posted by someone, was'nt it?
Still waiting for a reply 8Eights; you want to talk about other posters, yet when you are asked to explain you say nothing.
And that answers my question in what way?
And are you telling me that I imagined that the posting of 'launch in September 2006'?
I think we all know that it was posted here, when the launch would occur. So I just want to know if the people who made those statements will be willing to retract them, or admit they are what they are; hype with no validity. Is honesty by posters who hype here mutually exclusive? Is it unreasonable for the people posting false statements to admit they were wrong? And why would anyone want to defend those who stated it was a fact, when, it appears IT WAS NOT A FACT? Four days and the truth will be out about a lot of hype posts here - won't it?
I too blame the decline on the poor performance of management.
Quick question: How many people recall posters who stated that the launch would be in September - no question, we just had to wait till September, and the launch would occur. Well with four days to go, and no one would say that the little pilot test in the local Ft. Myers paper would quualify as a launch; whats the theory now? So, with four days to go, I can only assume that those who posted the launch in September was a fact, will indeed admit that they posted, a lie? Or that at the very least they were hyping hope and not facts? If there is no launch by Friday, I hope those who hyped it have the character to admit they mis-lead or at the least hyped without cause.
Since you choose to make statements about me, I would appreciate your response to my questions. Fair is fair, and I have been fair, should you not do the same?
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As to the "that is a totally inappropriate "maybe" that has been discussed at length here." I do not follow what you are referring to as inapproriate? Serioulsy, please explain.
And as to : "And your conclusion about HipCricket is your opinion and should be posted as such" I beleive it is understood that everything that someone posts on a BB is an opinion, unless it is a statistic or financial report.
And as for my obvious bias - No kidding, I have a bias. I clearly have no hidden agenda as to what I think of NEOM managment and what I am concerened about with the company. I have stated I owned alot of shares and have been selling because of the poor financials that they are showing. No question I have a bias, and I make it very clear; so the fact that it is 'obvious again'; well, when did I try hiding it?
As to the "that is a totally inappropriate "maybe" that has been discussed at length here." I do not follow what you are referring to as inapproriate? Serioulsy, please explain.
And as to : "And your conclusion about HipCricket is your opinion and should be posted as such" I beleive it is understood that everything that someone posts on a BB is an opinion, unless it is a statistic or financial report.
And as for my obvious bias - No kidding, I have a bias. I clearly have no hidden agenda as to what I think of NEOM managment and what I am concerened about with the company. I have stated I owned alot of shares and have been selling because of the poor financials that they are showing. No question I have a bias, and I make it very clear; so the fact that it is 'obvious again'; well, when did I try hiding it?
I agree that they maynot be breaking any rules; and that is not my point.
A person is known by the company they keep - correct?
Or maybe all those companies were to small to make headway in the future, so they took the best (maybe only) offer they could get. Don't forget, HipCricket was the best of the bunch they tried to buy, and HipCricket said NO. If 'yes' means something, so does 'no'. And if the 'no' means nothing, than the same applies to 'yes', reasonable conclusion?
So this kid, at the time, now has a website and does essentially similar activity, except he prods other posters to take the lead and tout the stock as something great.
From the legal complaint against him:
"The postings Lebed made to Internet website message boards in connection with the eleven transactions referred to above included baseless price predictions and other false and/or misleading statements, and always caused an increase in the volume and price of the stock. These messages were generally devoid of substantive content and, in addition to false price predictions, touted the stock by claiming, among other things, that the stock was about to "take off," would be the "next stock to gain 1,000%," and was "the most undervalued stock ever.""
Wow, sounds alot like some of the posts I have read here, over-and-over again from the same posters.
My question is this: Do we, as NEOM shareholders, realy want to promote NEOM on such a site? I think it is VERY IMPORTANT to note who suggests we use such tactics to promote NEOM and what does that tell YOU about posters who would recommned such actions? I've said it before, don't trust anyone on a BB. The saying goes, when someone shows you what they are like, believe them the first time; hence, those who would use such a scheme are questionable in more than one regard,imo. Don't you think?
That was a classy and accurate post.
Cause pain to those who sold, such as me; no, no pain here. The better the price, the better the volume, the more exit points as far as I am concerned. As I have stated before, I will continue to hold a small amount of shares (relative to what I held), and I hope to be at that point by the end of the week. So, if anyone wants to say something like, 'fools for selling recently', that is not how I feel. I hope it goes higher, and maybe even make a small gain off of this holding, but I am also willing to continue to sell - nothing has changed from last week, they still have a cash flow problem, and all the talk of 'if this happens or that happens, or a $ 100 million deal', well I have yet to see a one million dollar deal, so a 100 million deal would be very surprising - and imo, unlikely. But glad to see it moving higher.
Seems a bit harsh, don't you think?
Trust no one on a board is the clear correct answer. But at the same time, ask yourself this: If someone tells you the weather tomorrow is bright and sunny, and instead it is cloudy all day. And everyday they tell you it is bright and sunny, and yet you never see sunshine, well do you place trust in their forcasts perpetually? Or do you tune out their predictions and look at the reality of the situation? But I agree, with you and YJ particualry, there are Judas Goats on both sides (pumpers and bashers), both should not be followed simply because both lead to slaughter in the end. But at the same time, for those who think I am trying to get others to exit, I have not bashed NEOM without reasonable reasons behind my statements of displeasure. What I have done is simply state why I sell, and why I will hold a small postion - and why my 'hope and faith' has waned to this degree.
I do not understand what you mean? Walk the other way, towards the light or away?
OT: But worth considering...
A friend of mine suggested that there maybe a Judas Goat amongst us, for those who do not know what that is, I have pasted the definition below. After reading the definition, does anyone think it possible? This in no way is an attack on anyone, I am simply asking has this been given any thought?
Judas goat
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A Judas goat is a trained goat used at a slaughterhouse and in general animal herding. The Judas goat is trained to associate with sheep or cattle, leading them to a specific destination. In stockyards, a Judas goat will lead sheep to slaughter, while its own life is spared. Judas goats are also used to lead other animals to specific pens and on to trucks. The term is a reference to the biblical 'traitor' Judas Iscariot.
I still own shares, no question about that. No question that I have been selling shares too - I am upfront about it, and about my displeasure with managment, and the fact that I beleive the company has a real, I mean a real possiblity of closing its doors (see my posts about this being a bio-tech buy out type play). So why do I still own some shares? Two reasons:
1. I have too many shares, that if I let them all go at once, the price would be even worse. So for my own benefit I do not sell all at once.
2. There is a slim, I mean slim, chance that this company could be worth something some day.
So lets say that they actually are worth some great value in the future (near or distant), then given my average price, which when adjusted for the current selling thus mathamatically my break-even goes further out, but lets say the company does gain traction upwards: Well if it is correct that this company is worth so much in the future, great than the higher price will turn me a profit. Sure I will make less than if I had not sold any - but there is a concept of risk managment. I am looking to reduce my losses at this time; I would rather makes less money down the road, then lose more money by holding.
But you are correct, I don't think much of the company or the managment; but if you or someone can show me contracts they have signed, launches that actually occurred, or why their product that is years ahead of its time still needs to be 'tested' I am all ears. And that is the problem, I am watching, listening to NEOM, and all I hear is silence, and all I see is downward preassure (not meaning the stock, but their financials - they have what in the bank?, enough to keep the lights on till year end - great, what happens then?).
Perfect post; this is exactly all that NEOM is, and ever will be, imo.
It is amusing that when MM states something good, he has great credibility; yet now he states they choose not to put out any PRs during the CTIA since no one would notice and his credibility is questioned. In either case, everything needs to be taken with a grain of salt, at the least. But given that there have been no PRs during the CTIA, lets face some real cold facts:
1. There have been no PRs during the CTIA
This fact alone, tells me enough that there are no PRs because there is nothing to report. And if someone states that they have reasons to postpone putting out a PR, of material fact, such as an actual contract, well that is just silly on so many fronts it is beyond laughable, its closer to something to cry about.
I do not know what spin will be taken to make it acceptable that no PRs during the CTIA is acceptable; simply because it is not acceptable - and we all know this to be true.
Why did they waste the money to attend the CTIA if they have nothing to show, nothing to report and nothing worthy of a PR? Was this trip nothing more than a junket for management? Or are we to believe that they were actually 'doing business' on the floor of the CTIA. What a joke.
The Titanic had a direction, and a plan, and was run by capable people too. I wonder how many people have left the firms that NEOM bought? The subs do not report number of employees, and since they were never on NEOM's direct payroll the increase or decrease of people cannot be measured; hopefully they have not lost any, or at least not the good ones.
And people wonder why I sell some every day?
Beam thank you for your concern, but I assure you I am well aware of taxes and the tax consequences of my buying and selling decisions. As I have said before, I have sold some in the past, and sold some recently, and I will keep a small amount, becoming smaller all the time, in the event this company does in fact produce what was once a possiblity. Again, thank you for your concerns, but no worry on that front.
That is correct, it did not hit the price I placed today. I regret not selling everything when the 200 moving average was crossed, but as I have said, that is my own fault. As to why sell now? If the company had an 800 lb gorilla with it, than NEOM would not have had to accept the poor terms of the recent agreement with CORNELL. As I see it, they will run out of cash and go to zero before anything else occurs. As to the intellectual property, as I have stated before, it looks, to me, like this company will play out the bio-tech scenerio, whereby the assets are sold at a fire sale price to insiders who take the IP to another company, leaving those of us still holding, well, holding nothing in the end, imo.
Edited: My sale price was in at 11.9 cents
OT, sort of: Just for those wondering, I did attempt further selling today. Also, I am surprised that a poster here suggested the business practice of 'pumping' a stock instead of 'bashing' a stock would be more appropriate given that I continue to sell. To that suggestion I simply state: That is not the way I conduct business; I am open, and honest with my intentions, as everyone here knows. As for the threats of legal action for my statements, I suggest the children's reading of THE KING HAS NO CLOTHES. And given the events and ceremonies of yesterday, shame, shame on the person who tries to silence a voice using bully tactics; not here, not today, not tomorrow and not in this country. Period.
OT - sort of: All I know is that I asked JP a simple question and he leaves to go mow the lawn. I beg everyone else to look at JPs posts to other boards - pumper, pumper pumper. Period. And you can call me what you want, but I know what I own, and it is garbage in every sense of the word. Sold more this afternoon, not my original plan, but I feel better all the time. And when this dog hits 0.01, I won't even consider buying it back, trash does not get recycled, does it?
I think it is more along the lines of people trying to let others know what they just realized. Not that this is a sell, but rather it is a SELL SELL SELL