Don't forget to follow the Cobalis lawsuit vs YA and the PIPE deal similar to the one YA has with NEOM. We should be getting news regarding proceedings in Feb.

Well, I bought my 600,000 shares at .013 a few months ago and am in till the end. I am not a day trader and don't jump anytime a corporate tool or the stock market decide to fart. When investing, especially in the American stock market where we have the most snakes and bloodthirsty sharks, it's best to do your research and either invest or stay clear as the arena is full of brainwaashed money-hungry individuals full of double talk with nothing interesting to say. When I make a bet where I like the odds and think the risk is worth the reward (be it in a european soccer match or the stock market), I let things play out till the end. Then and only then if there are clear and proven shenanigans do I react.

Good luck and enjoy the show!

A few thoughts:

1) Everyone just needs to take a step back and see how this thing plays out in the next month or so as almost ALL of you who were disturbed by this news have either offloaded a bunch of shares and/or are now in for the long haul as you either bought at .01 or at a much higher PPS. Either way, everyone on here knew that pennystocks are gamble regardless of the great potential within NEOM.

2) At this point the current 8K is what it is (just an 8K statement and not a notice of bankruptcy, buyout or anything else) and we need to wait for either the shareholders meeting or a PR from NEOM.

3) I encourage contacting the SEC, Iain, or YA but at this point I highly doubt it will affect any plans (positive OR negative) which YA/NEOM have already set into motion (if any).

4) Our last line of action will be a class action lawsuit BUT only after a shareholders meeting and a SIGNIFICANT PR regarding the company's future plans (should they confirm a negative outlook for common shareholders). I can't guarantee that the class action lawsuit will guarantee everyone's money back (dollar for dollar) but I know that we would ALL be compensated and YA Global (a Cayman Islands exempt limited partnership) would be prohibited from any SEC dealings along with an extremely heavy fine, any license loss and possibly some jail time. We may even be allowed to vote in a new BOD for NEOM. Of course this is considering that the judge finds the YA/NEOM BOD dealings illegal.

Having said all that, we have put in enough analysis and speculation regarding the 8K and should wait for their next move.

I leave yall with one of my favorite lines:

"who own the Chiefs?" "Owns...OWNS!" ... "who own the Chiefs?" "Owns...OWNS!"

The only difference being that the next 2 years are extremely promising for barcode readers as we all know. So it will be interesting to see how PPS responds to the mobile barcode reader industry growth which none her deny to be upon us.

On a different note, I ain't one of those day traders... if I see a public company with a viable product and at a low PPS (especially .01 -.02) then I am in it to win it... LOOOOOOONG RUN BABAY!

ALL IN.

never trust someone who toots his own horn..

I didn't think I was being harsh.. I apologize for having offended anyone's sensitive nature.

For someone who just dumped a bunch of shares after the 8K and the PPS dropping below .0085, I wouldn't have taken you for someone with such thick skin as to be a lead plaintiff or invest 82K in another small to mid cap :)

A class action payoff depends on the number of plaintiffs who sign on among other aspects which vary from case to case not to mention that it would prevent any YA/NEOM conspiracies and could restructure NEOM with an entirely new bard of directors and business model pending the judge's decision in the case.

But even at the R/S, YA's proportion of shares remains the same (just like the rest of us) so I don't see the logic in how a price drop benefits the C share sell-off?

How does a drop n PPS benefit YA's Series C conversions? Wouldn't YA benefit from selling off at .01 rather than let's say .005.. isn't that logical?

What am I missing?

I understood you and thought I was clear as well when writing that you should not pay anything let alone 40K to prepare a memorandum. Any firm that has litigated enough stockholder, class and derivative actions for violations of securities laws in federal and state courts will be able to decide whether they will take on the case based on a contingency fee within a few days. Especially if the lead plaintiff is articulate and knowledgeable enough to describe the predicament and provide key details during the initial consultation. Don't be deceived by the tailored D&G suit.

All the best!

Avoid any dealings with those connected to any Park Ave firm as all they care about are their own profits. A firm with experience in class action lawsuits working on a contingency fee basis will prepare all memorandums at no cost to the lead plaintiff or all others who sign on. All investigative research is done by the lead attorney, financial adviser and paralegals free of charge which results in the firm either taking your case or passing. That's how it is done if you really have a solid case on your hands.

He wanted about $40-$50K, given the complexities and numerous issues in the case.. Jeez was he a former board member of YA?

I would suggest that anyone not from the NYC or at least Tristate area and unfamiliar with the legal process be very careful when consulting with an attorney and signing on as lead plaintiff or any papers stating they are giving up their legal rights to sue as an individual.

We are not at this point yet and should all just chill out and see how the stock plays out in the next few months.

I'm not here to serve as your messenger. Should I see the necessity to take legal action then my colleagues will direct me to the appropriate firm/attorney who will represent myself and other investors with whom I have conferred. I will post the contact details for those common stock shareholders who wish to discuss this matter or have any questions concerning the notice or their rights or interests with respect to this matter.

Both attorneys assured me that the "financial dealings/business activity" and companies involved (YA/NEOM) outweigh the Market Cap and share price status. Neom is far from a start-up and YA is just another wealthy investment firm milking the same old cow.

My colleague in Seattle works at a top law firm and I consulted with her last night. In class action lawsuits (i.e. Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of SkyTerra Communications, Inc.) the shareholders don't pay a dime as the firm works on a Contingency Fee:

The lawyer's fee is based on a percentage of the amount awarded in the case. Contingency fee percentages vary . A one-third fee is common. Some lawyers offer a sliding scale based on how far along the case has progressed before it is settled. Courts may set a limit on the amount of a contingency fee a lawyer can receive.

I spoke with a friend at Stull, Stull & Brody who confirmed.

Considering all the lambasting and scrutiny the shareholders expressed to IM and that other stooge last conference call, do you guys really think that YA/NEOM would conspire some kinda shady deal only benefiting them without expecting a class action lawsuit and investors filing a complaint with the SEC requesting a full investigation into their dealings?

I agree with Hyrum, b/w all of us we have enough street smarts, intuition and financial/technical knowledge to read any situation the snakes at the evil empire throw at us.

GROUP HUG!!!!!

PS And if YA knew about any NEOM buyout and then had NEOM file this 8K which clearly adds various stipulations which favor YA's shares then it's gotta be some form if insider trading or other form of illegal trading. Fear not, we will get to the bottom of any shenanigans one way or another and will make money off this little gem.

Mangan - First learn timezones and realize the Berlin Stock Exchange isn't open 24/7.. then come talk to me guy.

No need to sell as the neoreader product is still very viable and it's not like the current PPS is high..

Tally ho, pip pip, keep the chin up and all that sort of thing, eh ...

Someone is gonna make money off the little gem we know as NEOM and should it not be us but some investment firm and NEOM Board members through shady dealings then we shall simply unite and form a CLASS ACTION LAWSUIT.. it is what it is. Believe me, I have enough legal contacts in NYC and Seattle to make this work.

Dude, Berlin Stock Exchange hasn't opened yet. It's kinda scary that some of my fellow NEOM investors have no clue as to European market times or basic time zone difference. Even scarier if they think the European markets are open 24/7 :)

Is the Reverse Split a definite? Cause if the result is a PPS of $1 then this stock isn't worth longing nearly as much as at it would be at the current .01 or even .40 BECAUSE at a buck or so a share the percentage increase will be CONSIDERABLY lower and that SUX!!!!

SO is the reverse split to a dollar definitely happening and of so when?

Does a RS make NEOM's market cap more appealing, perhaps they think a higher PPS of $1 after the reverse split will be more appealing to your average potential investor (as $1 is more appealing in solidity than .01).. a R/S to $1 along with some new deals in the works can produce a higher overall PPS for both the common shareholders and the evil empire.

Keep your eyes on NEO.BE when Berlin market opens.

http://uk.finance.yahoo.com/q?s=NEO.BE

Anyone know a good Finance Lawyer? I'd be interested in hearing what they have to say regarding this ordeal. There are more than enough of us on here to put a nice class action together in order to at least ruffle some feathers..

Thanks TP! Doesn't seem legal for a public company to give majority stake to an investment firm (regardless of amount invested/loaned, etc) prior to a shareholders meeting and vote. Is this just an example of maneuvering through loopholes or devil being on the details.. I mean should we contact The SEC or start a class action lawsuit similar to the one concerning Skyterra and Harbinger Partners? I know the situation regarding Skyterra/Harbinger is different but do we all think the NEOM/YA deal is kosher or what?

They were dumping vast amounts of shares before so what's changed?

"..and a reduction of par value from $0.01 to $0.001, of its Common Stock.." Why would they reduce par value as stated in the 8K from .01 to .001, how does this benefit YA or NEOM or us?

HOW & WHEN does .001 come into play?

Do we all agree that NEOM's 8K is stating that YA plans to reach a PPS of .001? When is the reverse split planned for and and is that the cause of the dreaded .001?

SO when do yall think PPS will drop to .001? Are we positive that .001 is inevitable cause IMO the best thing to do is sell first thing tomorrow and buy back at .001?

Thoughts?

Then why all this deluded euphoria on the recent news that neoreader can be downloaded on nexus? Don't be mad cause you bought overvalued shares during the bubble... the PPS will never reach anywhere near $3 in the next 5 years so may I suggest reserving a cozy place under a comfy rock. :)

You guys do realize that neoreader is basically an APP of which there are over 100,000 and google accepts any apps on its "open" platform unlike iphone's screening process for apps. Don't expect a significant uptick in PPS unless we get some big news from neustar or a mobile ad campaign using neoreader's patented ecosystem and back-end service.

The only technology which will benefit from the world cup will be 3D TV as ESPN will broadcast all cup games in 3D which however requires glasses and 3D capable TV.

NEOM's success is dependent on mobile advertising campaigns and high retail figures for 2010 onwards.

Claw - True, but taking into consideration the high profile of Neustar and that Google, Apple et al were aware of Neustar's partnership with NEOM and its patents (which is highly probable) and still opted for redlaser and shopsavvy should put things in perspective for overzealous Neomites dancing around this golden calf.

You guys think the legal depts. of Google and Apple wouldn't consider the legal ramifications of NEOM's patent/license before loading Shopsavvy and Redlaser. I like NEOM's potential but you guys way overvalue NEOM considering the companies current predicament. As for this daily orgasmic ritual of a NEOM PR which will save you from your 9-5 middle class grind lifestyle... GOOD LUCK!

Street et al - I'm sorry but if NEOM holds the key to back-end IP interoperability infrastructure and universal ecosystem processing then regardless of YA dilution or any other conspiracies, the PPS would be higher or it would have already been gobbled up by the likes of Google, Nokia, etc as any mid-large cap company whose a player in the smart phone/barcode/online advertising/etc is familiar with Neustar's service and therefore has heard of it's partnership with NEOM and what patents and licences it offers and "controls" as you guys say.

Why would a PLAYER like Google or Iphone load Shopsavvy or Redlaser when they could easily play ball with NEOM and avoid the legal ramifications and could have gotten the full package with NEOM. You guys think Goggle's and Iphone's R&D and marketing dept. never heard of NEOM and just decided to go with another reader simply on a whim or because it was cheaper and will worry about NEOM licensing and legality should they cross that bridge .. I highly doubt it!

Koko, again.. the back-end aspect is NSR and NOT NEOM. Any other reader can offer the same "one-stop" service in that statement if they teamed up with NSR or another clearinghouse. The only advantage NEOM offers is a UNIVERSAL reader for all types of barcodes which is what their patent basicaly immplies.

Please don't get Cuckoo KOKO...

:(

Yeah, so? Other readers like Shopsavvy and Redlaser ARE NOT creative agencies or wireless carriers. Redlaser and Shopsavvy are preloaded on top phones like Iphone and Nexus, these readers can easily find a back-end provider which NEOM is NOT. NEOM simply has a contract to use Neustar as its back-end provider and any other reader like NEOM can easily jump into bed with Neustar unless there was some exemption clause b/w NEOM and NEUSTAR which I highly doubt as NEUSTAR is a mid to large cap company and NEOM is the one barely staying afloat.

Please people, get some perspective and a grip!

But the back-end (i.e. Neustar) has nothing to do with NEOM when another reader is used. It's not like NEOM will profit if Redlaser, Scanbuy or Shopsavvy decide to use a clearinghouse service like Neustar or any other. The NEOM patents/licenses are for reading various codes (i.e. universal reader). Granted it's all good promotion-wise for ALL readers including NEOM but I don't see how NEOM profits from another reader using a back-end clearinghouse like Neustar or another.

My optimism stems from having bought ALL my shares at .01 as I can't see pps dropping well below my bid due to popularity of barcodes. Having said that, any outlook above .05 pps in the next year seems quite foolish and as for any chart analysis on penny stocks... one might as well flip a flippin coin!!!