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Am I missing something? Iain didn't exercise any of his options whatsoever! So, what part of this is good news rather then just what it is NORMAL FILING OF OPTIONS MADE AVAILABLE TO HIM... By the way, the expiration date means little to nothing... Did anybody really expect them to date it in line with the patent expiration? lol
$3.4 mil Market Cap. Nice! and yet, some still feel the need to defend the CEO. He should be fired.......
.16/100=.0016 was the point. As in 16 of a cent.
Wrong.... the true value is what somebody would be willing to pay for it, and right about now, that isn't much more then 1/16th of a cent pre-split. The patents don't have an infinite life span. So, with each passing quarter (year etc.) the value decreases. Why would anybody pay a premium for something they could get for free?
That is the downside of not operating a real business and relying solely on others to perform. You see, Neustar would be able to keep their clientele post patent expiration and still benefit - while Neom would be S.Out.O.Luck
If Neustar was really seeing great upside in Neom - Somebody, would be buying up Neom shares like crazy. People talk and are always looking for ways to make some money. Apparently, there isn't much to talk about (or enough good coming out of it)to entice people to buy.
Very nice. This is the kind of stuff Neom should have been doing all along. :)
Wrong! You were in fact touting the World Cup as something BIG for Neom. You, utilized, your World Cup rant SEVERAL times...
Own it or perhaps consider keeping quite... just saying!
This company is in the dumps right now "REAL WORLD" situation or in plain English; That is the reality of the situation. To run about claiming everybody has an agenda because they see it for what it is "Presently" is point blank JUVENILE...
I hadn't read the whole agreement "But" WOW! Is all I can say...
The Borrower shall cooperate fully with the Lender to cause (subject to, and only to the extent permissible under, German law) the Borrower’s wholly-owned subsidiary, NeoMedia Europe AG (f/k/a Gavitec AG) (“AG”), to execute and deliver to the Lender any and all documents, instruments, or agreements in a form and substance acceptable to the Lender in all respects (including, without limitation, a Share Pledge Agreement, Security Assignment Agreement, and IP Pledge Agreement) pursuant to which AG shall become a guarantor of the Obligations and grant a first priority perfected security interest in favor of the Lender in all of AG’s assets, including without limitation, all intellectual property.
Read more: http://www.faqs.org/sec-filings/100603/NEOMEDIA-TECHNOLOGIES-INC_8-K/v187209_ex10-7.htm#ixzz0r4zwhymd
Pop - The frac is referring to the 2 debentures left out of the lock-up. However, aside from converting 1. at par value or 2. assuming YA wasn't already loaded with their 4.99% allotment - What motive would YA have to convert? Zero
YA wouldn't sell at .30 and or .003 pre split when they converted at 1.00 or .01 pre split.
Can Neom utter a single sentence without YA approval? Nope
No, they just have to scare investors into thinking funding seized... lol
Personalized - Ah, but YA did credit more then 8mil for such transgressions. I believe the total tally was around 11 mil... They didn't hand over actual money (of which would've been given right back had they) "but" they did impose a self cleaning of sorts.
I do "get" your point though - As in the actual profits they accumulated in those IMO illegal transactions.... But, "Hey" whom signed off on those below par shares hhmmmm??? Iain & Mike Hence, Neom itself is in a wrangle with this legal action brought forth...
The funny thing is; As of yet, there is "No, real proof" YA Global has engaged in shorting Neom. Is there anything beyond speculation?
Secondly, YA has already amended "Most" (as in a lot, but not all) of their indiscretions, back in Sept 09'
So what happens if YA Global isn't found to have shorted the stock? What if its a simple case or Neom just being a shiety investment?
What happens then?
You see there are two sides to every story, and its quite apparent "MOST" here haven't an issue throwing darts at "whatever/whomever" suits, their respective agenda - irrespective of "The facts"...
Lucky's draw is a bit much at times hmmmm granted! But, so is the incesstant "We're off to the moon crap"...
Bottom line is "YA" is actively doing what is in the best interest of "YA Global" and that can't be disputed on any level. So, at the end of the day who is more right and/or wrong to be posting their sentiment? The crowd hoping for a Miracle or the crowd frustrated with current (factual) affairs???
I guess the obvious answer lies within one's integrity or lack thereof....
Pop - Neom will go as YA goes. They will not be able to plead ignorance. The one thing Lucky (IMO) is right about is this: A big can of worms was opened with the suit.
I just hope nobody decides (mysteriously) to drop the suit ;)
Seems right. Hope all is well in your neck of the woods Krays!
There was also the extensive waiver back from early 09'Whereas, Neom released YA from any past, present, and future liabilities.
Hmmm, perhaps the 33mil is a number derived when taking into account the lawsuit. In other words, YA concedes X amount is at risk in the lawsuit, and the rest is true outlay. Who knows as the numbers don't quite match.
If the debt is only 33mil Somebody has been already converting a boat load. Hmmm?
Also of note: It sounds as if the redemption notice has already been given. Or at least the warning shot has been fired.
ala Krays post:
The Borrower acknowledges and agrees that in accordance with Section 3(b) of the New Debenture, from and after August 26, 2010, the Lender may require the mandatory redemption of all or a portion of the outstanding balance of the New Debenture, and that such date provides a reasonable time for the Borrower to redeem the New Debenture in full, and that the Borrower fully and reasonably expects to be able to do so, if and when the Lender elects to require such a mandatory redemption or redemptions.
The "it" is getting deep now. lol They can't even run the business they have now!
Hmm, let's see; There is some entity willing to sell their product/service/IP "whatever" for as Neom would put it for 1/2 to 1/3 of its monetary potential LOL!
500k or so burn rate times 12 equals 6 million
So Neom wants 6 million to invest with a return of 12 million (re-payment of loan plus 12 months of operating capital)
Hmmm, its been over 10 years and Neom hasn't sniffed such revenue's and now all of the sudden; a once in a lifetime deal drops into their lap? OOOOOKKKKKKKKKKKKKK!
lol try again! eom
Hmmm, can you point me to where I stated Neom would be back at .001 "right away"?
I ran some numbers using .001 and .10 - I guess you're still confused. After all, it was you who thought YA's conversions were based off the pps alone. lol
Other then that, I will just leave it alone considering my post would only be deleted!
One last thing "Is this how a R/S works?"
The silence from Neom is driving both sides of the equation bananas! At this point, there isn't much to say about anything - good or bad that hasn't been already said a thousand times!!!
I will just patiently wait for my re-entry point of .10 ... Shouldn't be long at this pace!
Glad to see some of the BIG MOUTHS! Laying low - But, then again they would only look stupid showing up here, right about now...
"""Neom/YA would never do a reverse split with the intent of the pps dwindling back down! Its for liquidity - to attract new investors - etc. lol."""
Emotions = Losses, in this game!
Hmm, that would be Insider Trading. Not good! Especially, when there is pending litigation.
Interesting - Very interesting...
Los - Almost! What's 50mil give or take divided by 4.95 bil ??? Hmmm
Los - In the overall scheme of things "I like the suit". Overall with respect to exposing YA Global "that is" and perhaps the suit will expose YA Global to the point of damaging them right our of business < That I like! However, Neom's board facilitated YA Globals every move, and knowing that as fact - I can't see Neom escaping this action whatsoever! Once all the facts are known Neom will be so badly bruised NOBODY! will associate themselves with Neom IMO.
I don't blame Clawmann and never will! My intuition leads me to believe he is fully aware that he may be risking what's left of his investment at the expense of dragging down the evil empire of YA Global.
Julie - That is what YA Global is known for to a tee.... They have every angle covered front - middle - back - every which way!
They exploit the weak - That is the basis of their business model..
With regard to the suit - The more I contemplate it the more I side with; It will be the nail in the coffin for shareholders...
Everybody is guilty - YA Global, Neom, and a slew of inside PAID PUMPERS!
Now, I have a question. What happens when the question "If you knew all of these violations were occurring - WHY? Why did you keep buying more shares STUPID" is posed... How does one answer that? eom
""""Who's to say they won't overcome their financing
issues with Yorkville?""""" Answer: YA Global - Carefully read the financing agreements, PLEASE!
If you think for a moment that Neom can overcome the grip YA Global has on them "I feel sorry for you"... You have bought in hook, line, and sinker...
Good Luck to You! For your sake, I hope "Pigs Fly"
They certainly know how to deceive the naive - Don't they? lol
Once again, whomever prepares theses doc's IS AN IDIOT! Thinking all investors are IDIOTS... They just don't learn...
SRM - I'm still contemplating Claw's legal action. One thing I do know is that Neom signed off on the issuance of shares every time! That being said; I believe Neom will be very much involved. Of which might not be a bad thing in ridding the whole bunch!
I'm not a Lawyer lol far from it. Initials...
As for emotions; I will say this much - I was out of Neom a few months ago - I jumped back in at .004 and out @.006 .. Currently, I hold zero shares. I despise YA Global for what they've done to TRUE retail shareholders (longs) I do believe within this forum exists many of impostors portraying to be longs, and that they post a bunch of crap - Confusing and preying on the hopes of "real" longs hoping to flip pennies into dollars.. I despise that GROUP just as much as I do YA Global. eom
With regard to the enforcement of patents - Iain, IMO, is doing the right thing... The only thing he can do and that is to WAIT!
Neom hasn't the resources to proliferate the market with codes.
Neom, hasn't the resources to engage in any more legal battles.
Neom, hasn't the resources to staff the company in order to handle the day to day operations on a full growth scale.
Neom, hasn't the resources to do anything.
There is only one option "wait out the market and hope"... Why? Because, YA Global is involved "PERIOD"...
With that being said, I believe Iain and the rest remaining should take DRASTIC pay cuts and preserve what little resources Neom does have errr, or YA is willing to lend.
All in all Neom isn't a Public company - Its a privately held company masked as a Public Company. Its a Public company only when YA seeks to dilute -- NOTHING MORE! Everything is entirely controlled by YA Global EVERYTHING! Sorry, but that isn't akin to a legit Public Company. More like a shell company...
EDIT> After all that has occurred and all the ill YA Global has imposed on the retail shareholder's "If you still choose to turn a blind eye and disregard the facts - then I call B.S." One can't possibly be a shareholder and not be frustrated at this point... IMPOSSIBLE!!!
The IRS, Hospitals, etc. already use 2d bar codes, and yet nothing... Also, until the EU patent dispute is resolved nothing over there matters...
Unfortunately, Neom as a long term investment is a fools game. There should be some opportunities to trade for profits, but the long term hopes have been shattered.
YA Global, will gobble up any real upside "Always have -always will"...
Why do you think the 5 billion A/S wasn't reduced? Their debt now fits nicely into the A/S whereas before it didn't. eom
Nice attempt at starting another false rumor....
Les - You know exactly what I'm talking about.
I'm not crying foul - Don't get it twisted. I've made money in Neom by performing my own due diligence. All I'm stating is that there are many here who fueled the fire... YA Global, would never have been able to profit without the help of message boards like this and we all contributed. Yourself included! < That can't be disputed...
EDIT - To sit here and lay complete blame on YA Global is ridiculous! We are grown adults (at least we think so lol) and everybody was privy to the inherent risks associated with Neom. Unfortunately, many here defended Neom/YA and attacked anybody who posted some of the risks - Now, it seems those same people are washing their hands with pushing blame solely on YA! Let's just say it would be best for some here to just be quite...
PLEASE! Tell me you're kidding... With respect to Neom and its Board of Directors, being the recipients of funds, and in turn doing the RIGHT THING with said funds...
Neom (BOD) colluded with YA Global on every single issue. Furthermore, Neom's disregard of fair warning's establishes (at least for me) their guilt.
IMO - This matter will be dragged on for YEARS, and all involved will LOSE!
Note: If one continued to purchase the security after all that has occurred - You only have yourself to blame... One's inability to decipher the agreements, disclosures, inherent risks (published in every doc), etc etc is not a valid excuse and or grounds for legal action.
I understand that Claw isn't pursuing that angle, however "the woo is me crowd" need to look into investing without emotions... The writing was plastered on every wall. eom
That was a slip on Iain's part - as in his company = YA Global
YA hasn't put any of their own money into Neom for sometime. In reality YA made a good living off of conversions last year. They were forced (to some degree) to credit back Neom for under par conversions <keyword credit>...
So as long as the retail investor keeps pumping their churn, YA will leave Neom intact. With that said, either something is in the works or YA Global has badly miscalculated their position. I tend to believe something is in the works but not in the form of satisfying long term (pre 09') investors.
Thanks for your clarification. Had you stated (your opinion) that, the debt was more then what Neom could fetch - I wouldn't have been confused.
If you feel Neom is worth less then the debt it carries "What next?" Why would one remain invested?
Edit - Please don't say "for Neom's potential" being that such a response would completely contradict your first post.
Poptech - you lost me there. Debt is irrelevant. A buyer would buy on a contingency that all debts, liens, etc. be satisfied with purchase proceeds. Now, if your speaking with respect to existing management "Well, they would be toast", because of their failure to produce anything but debt...