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Payment Due:
Isn't NEOM due to start repaying Cornell on May 1st. the monthly amount of $1,120,000? If so, does anyone know if they have the cash and/or cash flow to service this debt? I'm not sure, but I don't think they have the funds to do so. Am I wrong? If they don't have the funds, what options do they have? Possibly:
1) Issue more shares (not good).
2) Give more shares to Cornell (not too bad as long as Cornell can not dump them)
3) Get a large infusion of cash from licensing deals (very good).
Any thoughts?
TIA,
Dino
I agree...that is what I was trying to impart.
Thanks for correcting my false assumptions. I really do appreciate it (as I'm sure everyone else does) as it is part of the learning process for newbies like myself.
Dino
You are welcome...sorry if it was a repeat, but I did at least try to put the filing info in sentence form.
Nazgul...I'd also prefer to see a rise....AFTER I've picked up more shares at a lower price! :) I'm going to pick up more shares, it's just a question of how many for a given dollar amount.
NazGul...I should have known! I did a quick skim and read some posts where it seemed that the exact information hadn't been posted. I'm going to bed!
If I get a chance, I'll go back over the filings and post some other info....For example, it appears that earlier this year some were selling while others were acquiring shares/options.
My selfish hope is that panic selling sets in (rather than panic buying) so I can get more shares per given dollar! Not that I'm trying to start or support any rumours regarding a need to sell off.
kokonut guy et al....Sorry for not mentioning and posting the link to the SEC filings in my first post. Way past my bedtime on the East Coast!
Share information came directly from the SEC filings. You can access them here:
http://www.pinksheets.com/quote/filings.jsp?symbol=NEOM
Mr. Fritz began the day with 15,585,555 shares of common stock and sold off 1,000,000 shares. That equates to selling 6.4% of his common stock holdings. Why did he do that? I do not know. I plan on calling him Monday morning. I don't know if I will get through to him -and if I do whether he will answer my questions. However, my GUESS is that he needed to move money around for tax purposes (Assuming he pays taxes like the rest of us schlubs!) Is he trying to sell before the price tanks? Two facts lead me to believe that is not what he was trying to do. First, it is illegal (though often done) and he knows that lots of investors follow the filings and would initiate a complaint to the SEC if it appeared that he was trading on insider information. Secondly, if you were going to get out before the pps tanked, wouldn't you want to start selling in advance in order to: 1) Sell more off than just 6.4%, and 2) Establish a patter of selling to buttress a claim of plausible deniabilty. Which brings up this point: If he and others continue to sell off while most of the board posters and company followers are counting their "future retirement funds courtesy of NEOM", THAT IS WHEN I'D REALLY START GETTING WORRIED.
JMHO, and mho and $1 will get you a cup of joe at McDonalds! I'd love to hear thoughts from more experienced investors.
Director's Selling Information:
Charles W Fritz: Director
4/14/2005 Sold a total of 1,000,000 shares of common stock at .32 It does not appear that he exercised any options before selling. In fact, from the statement, it does not appear that he has ANY options of any kind. After the sale of 1,000,000 shares of common stock (1 transaction of 670,000 shares and a second transaction of 330,000 shares) Mr. Fritz had 14,585,555 shares of common stock remaining.
Options Information:
David A Dodge: CFO
4/15/2005 Exercised 200,000 options to purchase common stock at an exercise price of .01 These options were exercisable on 5/02/2003 and expired on 5/02/2013 After exercising these options he still had 6,500,000 exercisable options.
He then exercised another another 400,000 options that were exercisable on 10/20/2003 that had an expiration date of 10/20/2013 After exercising these options he had 6,100,000 exercisable options left.
Well, is anyone expecting to see a positive cash flow or smaller loss/ share???
TIA,
Dino
For those who have followed EZTO extensively, what would you like to see in the filing that would make it a "positive" filing?
TIA,
Dino
PS...I know, I know, you just want to see ANY filing, but beyond that...lol
Also, if they could, the buying company would want to buy at a lower pps and thus have more shares for a given $ amount. I'm sure that in any purchase arrangement that terms are worked out in advance or done in a fasion that are acceptable to both partied in order to prevent against deflated or inflated share price at time of purchase.
Dino
You guys are all wet regarding the "why's" and "if's" of the delay. William gave it away when he told of the chumminess of the "opposing" attorneys. The longer it drags on, the more the legal teams make! Just kidding....
Seriously, this is good news, and as I've noted from a selfish perspective, it may allow time for the pps to dip and afford me -and others- better opportunities to buy more shares.
GLTA,
Dino
NP....I'm just itching to get more shares...probably like most if not all of the longs on this board...
GLTA,
Dino
trade at .33 and bids below
I hope they shake it down to .15 lol...that way I can get twice as many shares as I was hoping for! Let the shorties run and we can pick up (handsomely in the long run) after them.
GLTA,
Dino
PS...no, I do not expect a major sell-off unless court news is horrendous
I'm not thinking of selling...I'm hoping for a buying opportunity. I couldn't get more last week, but now I've got funds available and would LOVE to get more shares!
GLTA,
Dino
I think the MM's may be trying to start a shake....what would really suck is if they shake it down but only buy and don't sell any shares to US!
GLTA
Rotorhead et al....sorry, I missed the earlier post....
GLTA,
Dino
Thanks to those who've responded...my GUESS is that if a settlement isn't announced today AND no major pr's appear in the next week, that the pps will go back down to the mid 20's. Of course, if settlement or great pr's appear, then pps goes up...I'm selfishly hoping that pps drops a bit so I can purchase more shares for a given amount of money.
GLTA,
Dino
Thanks...so:
1) If judge finds that both sides are adamant in their positions and not negotiating in good faith, does he set a court date for adjudication?
2) If judge finds that both parties are working towards a settlement does he note that and set a new date for further review of said progess?
3) CAN (not must, but can) the judge determine in favor of one side or the other or is this JUST a review procedure and not an actual case that is being tried?
4) Can the judge throw the case out (bad!) or set a trial date (good!) based upon what he hears today or must he have another progress update in court before making such a determination?
TIA,
Dino
PS...I was unable to move funds around last week and am wiring funds today that will enable me to purchase another 100K -150K shares. Thus, wondering if I should jump in or wait! I know, no one knows the answer to that question!
Legal Eagles...
1) What exactly is at stake today? Not long-term(I realize it is a patent infringement case), but what options does the judge have today and what results from those various options. Does the judge HAVE to make a ruling today that HAS to be favorable to one party or the other, or can he just set a date for further hearings?
TIA,
Dino
Thanks...I believe you are right also. I haven't gotten through all of the forms, but at least the warrants are for .60 and not .06 lol
GLTA
MRKL....New SEC Filing today...are they authorising more shares? That's what it looks like, but I need to go back and look at older filings:
This prospectus relates to the resale, from time to time, of up to 16,758,690 shares of our common stock by the stockholders referred to throughout this prospectus as "selling stockholders." 6,826,780 shares of our common stock offered in this prospectus are currently outstanding, and 9,931,910 shares of our common stock are issuable upon the exercise of warrants.
New SEC Filing today...are they authorising more shares? That's what it looks like, but I need to go back and look at older filings:
This prospectus relates to the resale, from time to time, of up to 16,758,690 shares of our common stock by the stockholders referred to throughout this prospectus as "selling stockholders." 6,826,780 shares of our common stock offered in this prospectus are currently outstanding, and 9,931,910 shares of our common stock are issuable upon the exercise of warrants.
pit...Totally subjective call, not based on technicals per se, but rather what I feel may be market sentiment due to the delay, pressure by MM's to drive down price in anticipation of a successful launch. For example, did the technicals fortell NEOM going to .16 last week?
Dino
Don't be surprise if pps goes below .20 again before a successful launch occurs. If you are LT, buy on dips. In fact, I hope the pps drops considerably so I can buy some more. Also, I hope GTEL is focusing on their products and not their pps, as successful products will lead to a good share price.
Dino
PS...Those asking why the drop at opening? B/C of delay in getting FAA approval. As noted, I'm glad they botched the approval process as it allows me time to move funds around and get more shares at a lower pps. Good for longs, not so great for shorts. Such is life sometimes. GLTA
Let's pray for 3 things:
1) Good financial statement.
2) Good PR release regarding anything 1 day after good financials are released.
3) No more Cornell.
Is that asking for too much???? Yeah, I know...it is...but we can still hope. I do believe besides the financials, they really need to get some good press to drive the pps back up...
Dino
How are people coming up with a 30 cent value for MLXO? Remember, even though sales were approximately $11M for the nine months ended 9/30/2004, they grossed $4M, but had a net loss before taxes of $2.3M and an after taxe loss of $1.5M. Has anyone seen more recent financial results or will we have to wait until the next filing? Are you expecting them to post an actual profit?
TIA,
Dino
JP...lol..is your email list separate from the one listed at the bottom of the box? BTW, I don't seem to get any emails even though I signed up.
Thanks,
Dino
VERY LONG in NEOM...I think the 2-5 year timeframe is appropriate for this stock.
Regarding TS...I subscribe to some of his services and imho, he's into MOBL for the long-haul ASSUMING it doesn't totally crap out. From my experience with his service -and how he lists MOBL- it is NOT a day/week/month trade for his subscribers. Just my opinion.
Dino
EZTO and CYOS...both have had good pr's (CYOS yesterday) and zilch happens. Not good...
Profitability.....Remember, even though sales were approximately $11M for the nine months ended 9/30/2004, they grossed $4M, but had a net loss before taxes of $2.3M and an after taxe loss of $1.5M. Has anyone seen more recent financial results or will we have to wait until the next filing?
TIA,
Dino
SEDA Filings???
Does the SEC require specific filings for SEDA's or are they just listed as part of other filings? Where is the best place to access copies of any SEDA filings? Also, what is the Form Name/# that SEDA filings appear under?
TIA,
Dino
What is the date of the latest agreement w/ Cornell? The information below is from MOBL's FORM 10-QSB For the Quarterly Period ended December 31, 2004. Does anyone have access to the SEDA filings? I wonder what happens to the stock after the escrow agent receives it; I assume that at some point it is taken out of escrow and given to Cornell to presumably either hold or sell. If Cornell shorts other shares of MOBL, wouldn't they just be decreasing the value of the shares they receive as part of the financing agreement? Of course, if they expect the pps to rise after they stop shorting, they can reap the profits from the shorted shares and hang onto the SEDA shares until the future.
Any thoughts on this and other MOBL pps issues?
TIA,
Dino
-----------------------------------
On May 13, 2004, the Company entered into a $100 million Standby Equity Distribution Agreement arrangement with Cornell Capital Partners, L.P. The Standby Equity Distribution Agreement provides generally, that Cornell will purchase up
to $100 million of common stock over a two-year period, with the time and amount of such purchases, if any, at the Company’s discretion. Cornell Capital will purchase the shares at a 2% discount to the prevailing market price of the common stock.
There are certain conditions applicable to the Company’s ability to draw down on the Standby Equity Distribution Agreement including the filing and effectiveness of a registration statement registering the resale of all shares of common stock that may be issued to Cornell under the Standby Equity Distribution Agreement and the Company’s adherence with certain covenants. The registration statement became effective May 27, 2004.
In the event Cornell Capital holds more than 9.9% of the then-outstanding common stock of the Company, the Company will be unable to draw down on the $100 million Standby Equity Distribution Agreement.
In the nine months ended December 31, 2004, the Company drew $9,200,000 from Cornell Capital Partners, L.P, in accordance with the $100 million Standby Equity Distribution Agreement and advanced 60,000,000 shares of its common stock to the escrow agent as part of these loans. As of December 31, 2004, $-0- remains outstanding and 52,172,192 shares of common stock were converted for the nine months ended December 31, 2004.
Cornell Financing and other ???'s
MLXO did a 3:1 split around 11/11/04 (from charts). As expected, the pps and volume shot up after the 3:1 split was noted in SEC filing of 10/18/2004 Then immediately after the split, volume drops. Why???? One would think that after a split, new shares might be sold off. Yet volume drops to practically nothing. The pps drops some, but comes right back and doesn't start it's death drop until around 12/10. Why did it start it's death drop then? Hmmm, filing shows deal w/ Cornell occurred in Nov. Coincidence? Does anyone know what the terms of that deal are? I haven't found the SEDA filing yet, just the note below from their FORM 10-QSB of last October. Unfortunately, how do we know how much Cornell has "bought" or shorted and if MLXO can stop them from any additional shorting?
TIA,
Dino
NOTE 13 CORNELL EQUITY LINE
In November 2004, the Company signed a Standby Equity Distribution Agreement with Cornell Capital Partners, LP ("Cornell") whereby Cornell has agreed to purchase, during the next 2 years, up to $10,000,000 of the Company's common stock pursuant to the terms and conditions of the Standby Equity Distribution Agreement.
TIA for any and all thoughts on this.
Dino
I have no idea, then again, I wouldn't even want to try!
Due Date???? So, when will this pos settle on the bottom (.0001)? That's what turds do, settle on the bottom.....
Thankfully I only have a small amount in this pos. Who knows, if the Pope cand be Polish, maybe HPON can get back to .002 so I can get my $1500 bucks back. Yeah Right!