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That article does not mention Neah. How do we know this is not a competing technology?
Where is the news Fred?
Fred, welcome back we missed you :)
It is not 2.7B, you have to reduce by 645M? that goes to JPIG as part of the settlement, and is therefore 2.1Billion.
Again I ask the question, why would DB agree to this when there are already 13Billion in claims and only 2.1Billion in assets at the receivership??? The DB claim pushes it to 16 Billion in claims with 2.1 Billion in assets, which amounts to 13 cents on the dollar payout (unless the DB claims have priority and further screw the WMB bond holders).
Again, something smells here. Why would DB release a deep pocketed JPM for claims against the receivership when the receivership has $13B in liabilities and $2.1B in assets? Why would the FDIC pay $650M in cold hard cash to eliminate $1B in claims that are worth less than 15 cents on the dollar?
I am a little confused by this whole DB,FDIC, & JPM deal. If FDIC only has $2.7B and has $13B in claims against receivership, why would DB accept such a deal? Would they get priority claims on the $2+B (taking into account JPM cash payment)? DB is releasing deep pocketed JPM for claims against a receivership that is under water??? What am I missing....
Like I said before, if they really had a battery with 5 times the capacity, venture capital firms would be knocking down their door. Just because the company makes a claim does not mean the claim is true, especially a company that has destroyed any semblance of shareholder trust.
It lists Guy as Chairman of First Citizens??? Is it possible Guy dropped the appeal for a gig with First Citizens? What the heck is going on here?
If NEAH really had a battery that had 5 times the storage they would not be sitting at .0003 cents...venture capital would be all over it and Valuation would be huge....but the fact of the matter is that the good DR got squat and only has a bag of tricks...
Let me get this right, you are saying move on so pumpers can take over and draw in some more suckers?? Please....
Yup, and that is why a guy like Trump won the GOP nomination; because people are sick of the crooked establishment and want to see real change. And the establishment is freaked out...
What happened to spin, he get kidnapped? Or he jump off a bridge because this thing is just .0001 away from .0001 that he said would never happen.
I am here, just waiting for the outcome.
There are multiple people here who think it is dead, so once again you are mistaken.
Spin, have you noticed that the bid/ask is now .0004/.0005? Soon to be .0001...
Spin, the one that needs to wake up and smell the roses is you. I have already accepted my losses on this investment. But I would rather not see anyone else get sucked into this trash by D'Couto, you, and the toxic funders who are dumping away.
When this gets to .0001, D'Couto will be in a real bind and the end will be near.
Who exactly is "us"? You sound more and more like D'Couto. You are the only one posting anything positive about this company so the word "us" does not apply.
We have a right to speak our mind on this board. Most of us are Neah investors who have been lied to on an ongoing basis and have lost trust in this company and the CEO.
You are a joke. It is not bashing but lack of execution and destruction of shareholder trust that brought the price down here and will get it to .0001.
You call spending 60 mil over 10 years with no sales frugality, most would call it stupidity, futility, or a scam.
Yes, things are happening, the stop is at an all time low of .0005/6 and is headed for .0001
Stop it spin. Why would anyone buy knowing it is going to .0001 in the near term? After 10 years and $60 million with no execution of any kind this thing is dead. Period.
First of all spin, I own 2 million shares of this trash. I have mentally written this off to 0 as I see through the bullshit PRs.
Some of us are here to counter the pumpers like yourself. After 10 years and 60 million dollars, this company has 0 in revenue to show for it. It will never get off the ground because this company cannot execute on anything.
When it gets to .0001 you will be the bag holder, you can take that to the bank. There will be no pulling out of .0001 unless there is revenue, and we both know that NEAH is not capable of generating revenue.
Spin away....lets see what you say when this hits .0001 and no one buys this trash.
Results matter spin, and this company has produced no results in 10 years. So you can keep spinning, but gravity will pull this down to .0001
Yeah right spin. 28 million traded today on another meaningless fluff PR to keep selling shares to suckers. Once this gets to .0001 his fluff PRs will have no effect.
When this gets to .0001, they will be dumping 200-300 million shares a day, then what Neah?
His shares are worth as much as toilet paper and he can wipe his rear end with them. This is heading for .0001 and when it gets there he will be forced to reverse split. Then it will be another quick trip to .0001 and company will be dead as a door nail. That is the price of lack of execution and destruction of shareholder trust.
When you make statements like "I guarantee it", then your credibility goes out the window. Who are you to guarantee anything involving this mess? Are you the head of the FDIC? There are a select few in this country who could make such a guarantee with any credibility.
When is the reverse split? At 40 million dumped a day it won't be long. And then after that reverse, no one will buy the garbage and it will be straight down to triple zeros again.
Really, and what exactly will be used as collateral for this funding? Up to this point it has been stock, but when stock gets to .0001, then what?
Dream on. neah won't exist soon. They are headed toward .0001 and once they get there they will not be able to raise any more money selling stock. Then they will do a reverse split, but that will quickly go to .0001 again as there will be no suckers to buy. That is the price for dismal execution.
Just read the shareholder letter. In my opinion the CEO has ADD. He can't seem to focus on any one thing that has the highest probability of generating revenues.
New, got a link to article regarding GS?
Yup. Funny how shareholders bare the burden of the financial loss while the FDIC makes itself whole.
Is anyone counting? 63 (Morgan Stanley Entities) + 3.1 (UBS) + 3.2 (Tax) = 69.1 Million. Where is the JPM settlement money and BAC settlement money?
Let me correct you with indisputable facts.
http://www.sec.gov/Archives/edgar/data/1162816/000151316216000728/form10q.htm#FS
Take a look at page 3. There are 5.4 billion shares authorized.
Spin, you are trying way to hard to convince people there is no dilution. There is absolutely no question there is dilution. The company increased the number of authorized shares to 5? Billion for a reason.
They have a laundry list of projects. One has to wonder with such a small staff how they could advance any of them being spread so thin. When you try to do everything with limited resources you end up with nothing. I predict there will be no financing, and if there is, it will come with a reverse split attached. Hope I am wrong, but doubt it.