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Did you miss me? I'm flattered. Too busy playing in the sun yesterday and waiting to see the board's reaction without my influence. There are many intelligent members of this board and the general consensus has been that there was nothing unexpected.
My supplemental comments:
They were intentionally vague. BSDS is an example of that. It would appear they are still moving forward with them, yet made no comment accordingly.
They are a few weeks behind in their repayment in the $4m note, but have an 8 week grace period with no penalty. That tells me management does care about keeping dilution down. They have taken only that which they needed. They must have good news to PR and would prefer to wait until then, before drawing more from the equity distribution line to pay off the loan.
They have spent considerable money on ramping up the NMPR division and yet we have heard little about where they are spending it. Good news is therefore anticipated on that front.
I said earlier that I thought they down played the Dowdell/IPSO PR. It still isn't posted to their web site. I get the feeling that big things are coming, but they don't want to let the cat out of the bag just yet. SAIC is also great news which I expect will generate more developments in the near future.
I still think we are going to have a great summer with Neom.
I'll be going on vacation next Tuesday and will be checking in until Friday when my vacation plans take me out of the country and away from internet access. I should be back on Wed/Thurs June 2/3.
More news next week???
You're missing my point on the R/S. It would not be unwelcome AFTER Neom already hits it big enough with revs and licenses to go over $1.00. By then the company's IP would not be questioned and it would just be a matter of time for the tech to become fully integrated in everyday living. During that integration, it would be nice to be on a better exchange than the OTCBB with less O/S.
All the investors that are leery of OTCBB would then start looking at Neom and with each new license, click activation sign up, advancement in phones... the pps would move upward.
If this tech has the potential we think it has, then it's not destined to stay on the OTCBB until it reaches $5.00. We would surely be a proven company well before that to make the move to a better exchange.
From SAIC:
Visitor Verification System
Description: This software system enables commercial document imaging systems to interface with USG threat lists in order to screen presenters of drivers licenses and passports. It is used to screen and approve admittance for visitors to valuable facilities. As such, it is in demand by facilities operators of airports, seaports, controlled access buildings, etc.
IP Summary: Know how and proprietary middleware
Readiness: In use by the US Capital Police.
http://www.saic.com/business/technologies/license/security/
Homeland Security in real time with Paperclick and wireless.
Lupetto3: I don't see a R/S at this stage of the game. Perhaps after Neom starts making big $ and we leave the pennies, then they may want to get onto Nasdaq with a min. pps needed of $5.00 and maybe will just need a 2 for 1 ;>).
OK Ladies and Gentlemen here's the common denominator with SAIC and Neom;
http://www.saic.com/wireless/wireless_overview.pdf
http://www.saic.com/business/technologies/license/supply/
I've noticed that Neom has not updated their press release web site page to include Monday's PR, but Tuesday's has been added. Also, when I re-read the Relyco PR, I saw no mention of Check 21.
I think Neom is down playing their role with Check 21. It looks like it has enormous immediate potential for us. What better salesman could we hope to have representing us at the Vegas convention than Dowdell (the Chairman of X9B responsible for setting the Federal Standards with IRD's)!
Personalizit: It would appear that Dodwell, via his IPSO company (spun from Relyco), is looking to license Neom to companies that sign up as clients of IPSO:
"We are excited that PaperClick can deliver an important and reliable platform and capability for validating IRD authenticity to our member companies and all participants in the transaction life-cycle, and that PaperClick will be demonstrated in our TransPay booth."
Yes, Koko. There are several areas from which knockout punches can come!
Tuesday , May 18, 2004 10:52 ET
May 18, 2004 (M2 PRESSWIRE via COMTEX) -- ESR believes that this company could be a hidden gem if all were to materialize as planned for the company. NeoMedia Technologies, Inc. (OTCBB: NEOM), said today that it has entered into a Master Marketing Alliance Agreement with Fortune(R) 500 company Science Applications International Corporation (SAIC) to market the capabilities of both companies in each other's business arenas.
NeoMedia (www.neom.com), based in Fort Myers, is a developer of patented software and technologies that link physical objects, such as products and printed materials, directly to targeted online data. SAIC (www.saic.com) is the largest employee-owned research and engineering companies in the United States providing information technology, systems integration and eSolutions services to commercial and government customers.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a developer of patented software and technologies which link physical objects directly to targeted online data, with expertise in homeland security and e-authentication applications NeoMedia markets PaperClick and PaperClick for Cell Phones, a mobile extension of the PaperClick platform, and also has a Systems Integration Group which specializes in providing expert-based IT consulting, hardware, and software solutions.
About Emerging Stock Report:
Emerging Stock Report profiles emerging growth companies and brings them to the attention of the investment community ahead of the market. Emerging Stock Report provides experienced and concise analysis and the required resources needed in determining when a stock appears poised for growth. Subscribers have access to investment research reports, current news, detailed company profiles and ESR "E-Alert" Services. To subscribe to this free service, visit the Emerging Stock Report home page at www.emergingstockreport.com and select the "register now" button.
All material herein was prepared by the EmergingStockReport.com, (ESR) based upon information believed to be reliable.
All material herein was prepared by the EmergingStockReport.com , (ESR) based upon information believed to be reliable. The information contained herein is not guaranteed by ESR to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ESR is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ESR may receive compensation in cash or shares from independent third parties or from the companies mentioned.
ESR's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Jay Lee.
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Hey JoeD; do you like these last 2 PR's? ;>)eom
"Constantly named one of the top ten federal prime contractors by Government Executive magazine, SAIC has over 30 years experience solving complex technical problems for local, state and federal government customers in a variety of industries."
Good morning fellow longs! Looks like we heard from the SST connection yesterday and now the Ron Parsons (SRP) connection today.
Le-bon: I agree. I've been excited about this all day. I actually think Neom down played this PR. They could of sited the patents we got from SST and included a link to the Uverify demo on the Neom web site. They also could of mentioned again the relationship that was just forged with Relyco (who just recently updated their web site to include Neom).
There is also some kind of relationship with Dodwell/IPSO that Neom has never mentioned. They are onto something here that they don't want any competitor knowing about. I don't see Scanbuy or Airclic with the chairman of X9B in their pocket!
Personalizit/Le-bon; in my post #2185 I mentioned the connection to Relyco and also suggested that SST probably made the tie for Neom since they have been involved with the Banking industry for sometime now. If you want to do some more DD, Dodwell comes from: http://www.banctec.com. I stumbled across that connection when doing a search on Dodwell earlier today.
Now I'll go one step further to suggest that Dodwell formed IPSO to work the Neom connection here, the way David Foster Lyons formed Big Gig after leaving Seven Worldwide. SST was acquired by Neom at around the same time IPSO was formed.
But, the fact that Dodwell is the current chairman for the standards committee is really the kicker here. He's got to have connections up the wazoo! If this is going to pan out for Neom, its going to happen this 3d Q since the act goes into effect in late October.
Very promising!
Not a big deal one way or the other, but the $1.6m maybe all that remains to be paid on the $4m note as of March 31, and would then be treated as outstanding debt from financing. That would mean that Neom paid it down faster than $160,000 per week!
Either way, I'm sure the 10Q will have the updated reduced or paid off balance reported past March 31 through the filing date for information purposes.
OK, here's my theory on the $1.6m. The pay down of the $4m loan made to Neom at the end of January would equal approx. $1.6m by the end of March 31, (reporting period the next 10Q covers). That's using the weekly pay down of $160,000 or 1/25 of the loan. Which is why the loan is scheduled to be -0- by June 18th.
*So at the moment, the $1.6m must be reported as a possible entry. No big deal. Now why the delay:
The fact that Neom has delayed the 10Q is interesting. As I said in my recent posts, the 10Q allows Neom to offer current info beyond what is required for the period ending March 31. If they are on schedule, which is a given since Neom escrowed the shares already, there is only $800,000 left to be paid or 5 more weeks at $160,000. And as noted to a post to KoKo, they could pay it off early with the $1m warrant bonus. Also if the delay is another 2 weeks, the loan will have a balance then of only $480,000. Here is the info on the deal with Cornell for those not up to speed:
"On January 20, 2004, the Company borrowed from Cornell the gross amount of
$4,000,000 before Cornell discounts and fees. Cornell has also committed to fund
an additional $1,000,000 in the form of a promissory note. As consideration for
the advance, the Company granted to Cornell 40,000,000 warrants to purchase
shares of NeoMedia stock with an exercise price of $0.05 per share. The
additional $1,000,000 promissory note will be funded within 15 days of the
filing of a registration statement by the Company to register the warrants. Upon
registration of the warrants, if the average closing bid price of NeoMedia's
common stock for any five day period exceeds $0.10, the Company has the option
to force Cornell to exercise the warrants, resulting in additional funds to the
Company of $2,000,000."
*** Why the delay? Well, they just might be keeping their white collar people busy with deals. AND/OR THEY WILL BE FORCED TO TELL US IN THE FILING WHETHER OR NOT THEY STARTED FINANCING BSDS. I believe from now until the filing comes out, Neom is finalizing some important matters. Is it the acquisition of BSDS? Is it the payoff of the loan early? Is it a deal(s) with regard to today's PR that they don't want to announce until after the Vegas show. Are the licenses with the European Service Providers being completed. Is there news regarding CSI/NMPR? Do they want to PR the news first and then include it in the filing?
Stay tuned!
Correction; I see it is a notice of late filing. eom
10 Q is out. Time to read. eom
I keep re-reading this paragraph from the PR:
"As chairman of the Accredited Standards Committee X9B (www.x9.org), I can report that we have established a standard for IRDs which serves all businesses involved with the U.S. Payments System," said Chris Dowdell, IPSO's president. "IPSO has accepted the challenge of providing a robust infrastructure for IRDs which is efficient and cost-effective. We are excited that PaperClick can deliver an important and reliable platform and capability for validating IRD authenticity to our member companies and all participants in the transaction life-cycle, and that PaperClick will be demonstrated in our TransPay booth."
Correct me if I'm wrong, but Dodwell says in the above that the Standard for IRDs (image replacement documents), has been established by his committee.
Then Chuck says; "NeoMedia has solutions ready right now to meet the new Check 21 requirements."
And then Dodwell; "We are excited that PaperClick can deliver an important and reliable platform and capability for validating IRD authenticity to our member companies and all participants in the transaction life-cycle"
What is it going to be worth to Neom if every IRD while being scanned is authenticated by UVerify/Paperclick/Neom. Scanning each IRD (check) is standard practice of the automation involved. Just integrate Neom's IP into the process.
Neom will make money on every IRD that is encoded with a Paperclick code. PaperClick, he said, "supports MICR (magnetic ink character recognition) technology, with codes on checks scanned and transmitted through a secure electronic gateway into the payments system, and then through the Internet or an institution's intranet."
Relyco is supports MICR. Dodwell and Relyco have a history. I bet SST founder has a history with them as well.
MICR is already being used, so this seems merely a software upgrade (with Neom IP) and very easy to implement. This convention in Vegas may lead to immediate licensing by member institutions. Remember that SST (acquired by Neom) already has established accounts in the Banking industry.
This is very exciting!
Looks like IPSO/Neom will be at Booth 104 at TAWPI too. (June 6-9.)
http://tawpi.org/
Personalizit: This really is exciting news. This PR contains a quote praising Neom's IP from the man in charge of the new standards committee! The killer app is going to wow the convention attandees tomorrow. And these attendees have $$$ and a deadline fast approaching. This is going to lead to much more publicity for Neom in the coming weeks/months.
JP and the international map here as well:
"ASC X9 standards are widely used and recognized. Many X9 standards are either sited or required by the Federal government for use in financial procedures and transactions. In addition, X9 standards are the basis for many international standards used in facilitating global commerce."
http://www.x9.org/history.shtml
Again for newcomers, this is a presentation of one of Neom's tech that relates to the PR:
http://www.neom.com/products/ip/UVerifyPresentation.pdf
X9B-Check Related Transactions
Subcommittee X9B develops paper check-related standards and technical reports that serve the US payments system. These standards support the many facets of check manufacturing and processing like paper grade, ink types, software and hardware processes, and more than all financial services firms to efficiently handle check transactions. Standards developed within the X9B subcommittee account for 98 percent of the "information real estate" used with paper checks.
For those newcomers wanting to see some credibility associated with Neom's tech; this PR has much to offer.
Chris Dowdell's company, IPSO, is showing Paperclick off at their booth in Vegas. Dowdell is the Chairman for the X9B committee responsible for setting the Check Related Transaction Standards!
http://www.x9.org/orgchart.shtml
I don't know how the market will react to the news this morning, but this has enormous potential for Neom.
All the best.
Steelers_Fan; nothing to be sorry for when it comes to supporting Neom and the members of this board.
SST acquisition will celebrate it's one year anniversary when this deadline goes into effect; "IPSO confirms that there are more than 7,600 banks and 5,000 credit unions in the U.S. alone which will be required to accept IRDs as of October 29," Jensen said. "By putting a PaperClick code on the IRD, control and authenticity of the document can be established and maintained."
Relyco is a member of ASC X9, check out the other members:
http://www.x9.org/X9Committee/sitememberlisting.cfm
Relyco connection with Neom becoming clearer and more valuable.
"As chairman of the Accredited Standards Committee X9B (www.x9.org), I can report that we have established a standard for IRDs which serves all businesses involved with the U.S. Payments System," said Chris Dowdell, IPSO's president. "IPSO has accepted the challenge of providing a robust infrastructure for IRDs which is efficient and cost-effective. We are excited that PaperClick can deliver an important and reliable platform and capability for validating IRD authenticity to our member companies and all participants in the transaction life-cycle, and that PaperClick will be demonstrated in our TransPay booth."
NeoMedia to Show PaperClick as Check 21 Solution at BAI's TransPay 2004
Monday , May 17, 2004 08:30 ET
FT. MYERS, Fla., May 17, 2004 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTC BB: NEOM), will show its patented PaperClick(R) technology platform and demonstrate how it meets the standards of the "Check Clearing for the 21st Century Act" (Check 21) at BAI TransPay 2004, starting tomorrow at the Paris Hotel in Las Vegas.
PaperClick will be demonstrated in the IPSO booth (#135). IPSO (www.ipso-inc.org) integrates proprietary solutions developed by its provider companies for financial institution member companies, and is a leader in meeting Check 21 standards. Enacted by Congress and signed into law last year, Check 21 requires banks to begin accepting substitute checks, called IRDs (image replacement documents), in lieu of original checks as of October 29, 2004.
The 27th annual TransPay, produced by the Bank Administration Institute, which focuses on operations, payments and technology solutions and products, "provides a unique and ideal opportunity to showcase PaperClick and its applicability and value to the banking industry, especially in the IPSO booth," said Charles T. Jensen, CPA, NeoMedia's president, COO and acting CEO. "With the mandate for IRDs just around the corner, NeoMedia has solutions ready right now to meet the new Check 21 requirements."
PaperClick, he said, supports MICR (magnetic ink character recognition) technology, with codes on checks scanned and transmitted through a secure electronic gateway into the payments system, and then through the Internet or an institution's intranet.
"PaperClick provides quick and accurate access to audit trails of checks, which will be maintained in keeping with the mission of Check 21," he said, noting that PaperClick codes can also verify the legitimacy of an original IRD or substitute check copy.
"IPSO confirms that there are more than 7,600 banks and 5,000 credit unions in the U.S. alone which will be required to accept IRDs as of October 29," Jensen said. "By putting a PaperClick code on the IRD, control and authenticity of the document can be established and maintained."
IPSO 'Excited' About PaperClick Platform
"As chairman of the Accredited Standards Committee X9B (www.x9.org), I can report that we have established a standard for IRDs which serves all businesses involved with the U.S. Payments System," said Chris Dowdell, IPSO's president. "IPSO has accepted the challenge of providing a robust infrastructure for IRDs which is efficient and cost-effective. We are excited that PaperClick can deliver an important and reliable platform and capability for validating IRD authenticity to our member companies and all participants in the transaction life-cycle, and that PaperClick will be demonstrated in our TransPay booth."
M commerce is already set up to allow cell phones to buy items from the internet. Now how about the reverse; a street vendor armed with a cell phone that can scan a customer's credit card with a barcode or RFID credit card.
http://www.merchantanywhere.com/index.htm
JP et al: Thanks for your praise. Appreciation goes along way towards motivating me to spend the time to share my thoughts. When we have our Vegas bash to celebrate Neom, it will be nice to be in the company of friends formed from this board.
One last thought before heading to the gym;
Neom has many avenues that are being pursued simultaneously. That gives us multiple options for hearing positive news. A license for our IP could come any time and send us out of the pennies.
But for right now, I'm just focusing primarily on the Service Providers in Europe to sign on. Until Neom gives us more info, Europe appears to be the most realistic event to "launch" our pps. I took another look at the news videos on Neom's web site this morning. Watching the Nokia's clicking on barcodes and bringing up web links on the screen looks like a helluva killer app to me! Why wouldn't the SP's not be equally impressed!
All The Best!
Koko: To answer your question; with 6 weeks remaining, the balance on the note right now should be $800,000.00.
Neom, in theory, could use the $1m warrant bonus and pay off the note right now, issue us news on CSI or anything else and get the pps up to .10 and trigger the $2m from the warrants being exercised. Cornell wouldn't think about selling the warrant shares, which cost them .075, while the pps is this low for a loss, (They can wait until the Volume goes crazy with the Consumer European launch and we can absorb it quickly then. Remember the 80m volume day when the news about Amazon came out.) This reasoning is why I bought more shares. Anything below Cornell's .075 is a good bet even for short term traders. Then, after the pps is higher, they could start drawing from the equity dist. agreement to reimburse themselves for the $800,000.00 (or not), but at a higher pps, less shares are needed to give to Cornell.
We don't know if they have a more immediate and prudent use for the $1m; CSI roll-out, BSDS cash infusion.. Also, Neom may be in a position in the near future to use traditional financing for CSI using the cash flow from that division to pay simple interest and pull out seven digit equity to offset the $2.5m used to buy them. If they get the sales up on CSI, then Neom could get back all of the $2.5m with financing paid by CSI cash flow and still have cash flow free and clear and no dilution for that $2.5m. If BSDS goes through and we get revenuse from click mgmt. services... that BSDS can handle, and other outside contracts for BSDS, then that division could be fiananced as well. It seems very likely that traditional, non-dilutive, financing is the next step for Neom. It would not make sense to spend $2.5m cash for CSI to get cash flow of say $500,000 annually, if refinancing wasn't in the cards. Otherwise, they could of just used the $2.5m for cash flow. CSI/BSDS could of been a package deal with Cornell. Either way, they will make Neom money. At 10% interest, Neom could pay $250,000 in interest to get back the $2.5m from a traditional lender and have the balance of cash flow free and clear. But I think, that their is a plan to infuse cash into a commercialized roll-out of CSI which will not only ramp up sales to support a refinance of the full $2.5m, but leave us a very nice cash cow for the future
With CSI, BSDS, and Service Provider licensing in Europe, plus Brand Managers signed up for summer promotions, Neom could be on solid ground very soon. It's the next few weeks, until we get news, that may test some longs resolve if the pps drifts.
Let's just hope that Monday or Tuesday (your PR chart rates those as the most popular days) we get news and start making the turn.
A side comment on BSDS:
We don't know yet whether this acquisition is going forward, but here's a simple analogy that explains how it becomes a win-win for both companies:
BSDS is like a newly constucted office building that is only half rented out (they don't have enough business yet). The constuction/purchase loan for the building is costing more than the tenants are paying; i.e. a negative cash flow. Neom represents tenancy for the other half of the building. By being fully tenanted BSDS becomes cash flow positive. As both companies grow, we make even more money!
How is Neom like a tenant? We are going to make money from CSI/Paperclick and will need to hire outside companies to handle click mgmt, customer service, billing, m-commerce... if we own BSDS, we won't have to hire those companies and their profits on our accounts will be our in-house profits. So its like being a tenant for a building you own. This is called "leveraging you tenancy".
No question about that. Which is why June 18th is a great date for Neom shareholders!
Look at the last two Q's. We are on schedule to pay off the $4m note June 18 (exactly 25 weeks from the inception of the financing: $160,000 per week times 25 equals $4m.)
Personalizit: You are forgetting about the $500,000 Cornell paid to Neom in Jan. to exercise 10m shares at .05 connected with the signing of the equity dist. deal. Another misc. $500,000 is other options exercised and the $1m bonus for the warrants just filed. Then add the $2m for the warrants when we go over .10 (assuming Cornell doesn't even wait and exercises anyway if Neom really wants it for BSDS..)
Personalizit. It's all in the filings. They got $6m if you include the $1m warrant bonus that is guaranteed 15 days after the filing is effective (which most likely has already been declared).
CSI cost $2.5 and they will get the other $2m from the warrants leaving $5,500,000.00 minus their expenses. Some income has come in from CSI... and they could of tapped into the equity agreement beyond the 160,000 needed to repay Cornell per week up to 280,000 or a net to Neom of $110,000 weekly, but I doubt they have been asking for that now while the pps is down and they have cash on hand.
They have more cash and flexibility right now than at any other time since going on the OTCBB. My main focus is on the SP's licensing us in Europe. When that happens the pps will run hard and fast and be supplimented by subsequent annoucements from BM's like Coke, McD's, Argos,...
It could happen any time realistically in the next 3 months. That's how close we are to finally establishing Neom with the traders and seeing a big run on the stock. That being said, the annoucnement could come by the end of this month. But, let's not let our desires tamper with reality. I think its more probable that CSI, BSDS and other developments will be PR'd first in the coming weeks while the SP's get ironed out. (Big companies move like snails when dealing with red tape). Of course, Neom started the process many months ago so it is only a matter of time.
Rocky et al: Neom has an equity distribution agreement with Cornell Capital.
At present Neom has a $4m promissory note with them. The note is being paid down by $160,000 per week. By June 18th the balance should be -0-.
The after hours trades are accounting totals that are reported for information purposes. As a guess, I would say the MM's work all day to short above the ask that Cornell wants so they can buy back the shares Cornell is selling for a profit.
But know this. Cornell has another deal with Neom which has effectively cost them .075 a share (above our current pps).
Here's what I THINK may be happening in the near future:
Neom has been saving up positive info (which is why we have not been getting PR's).
They can't get the remaining $2m from the warrants (this is in addition to the $4m loan they got, approx. $1m in misc warrants already exercised and a $1m bonus from Cornell (the bonus comes automatically when the warrants are declared effective) until the warrants are effectively registered AND the pps averages .10 for 5 consecutive days. To release info before the warrants are accepted by the SEC would be premature on Neom's part.
The next 10 Q is due May 15th. When they release it, I believe we will have positive info in the 10Q regarding increased sales from the Paint division and if Neom is going to acquire BSDS, then I also suspect that they may of already started funding BSDS which will show up in the 10 Q. However, it is still possible that BSDS deal will go through even if Neom has yet to start financing them because: Neom may be waiting to have the extra $2m first in hand. Either way, the underwriting by Cornell suggests that Neom has a good use for the money worth funding upfront. Now consider this: Neom wants the $2m and has saved info for the 10 Q and/or PR's that will help move the pps up to over .10 (at a min.) to trigger the exercise of the warrants. Or, they know when the Service Provider licenses are finalized in Europe we will blow by .10. BSDS stated in their filing that they will run out of funds by the end of July unless new financing has been arranged.
What's this mean for the near future?
We have an opportunity to move up with the filing of the 10Q which is due next week if it is not delayed. Press releases may also be timed with the filing. In the last filing (but not PR'd) Neom stated that their partner Seven Worldwide had several LOI's out on behalf of Neom for new clients/deals. At a min. the filing will confirm the $4m note being paid down and on schedule to be paid off by June 18th and prorata sales for the paint division.
I expect that ANY time within the next two months the pps will move north of .10 and Neom will get the extra $2m and acquire BSDS or be releasing some new roll-out campaign for the paint division or both. At least they are getting the bonus $1m regardless of the pps now (assuming the warrants were declared effective by the SEC).
The $4m loan will have been paid off.
Now here's the big question. Is Neom relying mainly on the signing of the SP's in Europe and the almost certain PR's of the Brand Managers already signed that will follow to get us past .10 or do they have some other goodies in store before that monumental announcement? I don't know. But it appears that mobile campaigns are being touted by our partners for the summer, so one would think the SP's will be licensing us by then.
What I would like to see at a min. is that news from the 10 Q with regard to BSDS and/or the paint division will sustain the last remaining dilution from the $4m with the help of some timely general PR's without much drifting on the pps. Once we are past June 18th, Neom will not be forced to sell shares to Cornell as the financing arrangement will have been met. Now that's not to say that Neom won't tap into the equity distribution down the road when the pps is higher and the dilution would be much less, but at least they will have that choice. With all the money they have been raising, I would assume mgmt. will avoid Cornell for a while after the mandatory shares to be released from escrow are finished by June 18th! Sound business principals dictate that they could at least wait until after the SP's and BM's are finalized, made public and the pps is soaring. Also, income from Paperclick and the paint division should help avoid or min. Cornell. Other events like settling Virgin or new license agreements could also help permanently say good bye to Cornell.
Broad vision from a "Long"(me) for the last half of 2004:
Cornell Loan paid off on June 18th.
Paint division sales increasing with commercial roll-out ramped up.
BSDS acquired and put to use servicing Neom's in-house business plan.
BSDS contracting for outside business.
Service Providers' licensing Paperclick in Europe this summer
Brand Manager campaigns launched in Europe
USA SP's sign on
USA Brand Managers signing on.
Virgin settles and license Neom IP
Other infringers, not yet sued, license Neom IP
More camera phones released that are paperclick ready...
Oh yes, just maybe a mega license with MSFT, Google ...
but I could be happy waiting for those in 2005.
This is a vision from a "Long". For those of you who email me, I can't tell you that we won't drift down from now until June 18th or that we will get a PR Monday morning and start moving north fast. That is beyond the scope of what I can offer this board. I bought more shares today. I'm holding Neom while their business plan is being executed. Obviously, I hope it moves forward sooner than later, but like my friend who emailed me today wanting to share his thoughts with everyone, I believe the potential for Neom to be staggering.
All the best. Enjoy the weekend.
Rocky I agree. Hayes had 800,000 in his last Form 4 in April. Now he has 1,800,000.
personalizit: I think the Hayes form was not filled in correctly. It looks like a buy. Code A designation, but the amount filled in under the wrong heading. His amount of securities owned increased after the filing. Look at his last Form 4 before this.
What do you think?
Now add Keil; just filed.
Two Form 4's filed by W. Fritz and Hayes to acquire shares. eom
Here is a copy of an email sent to me today from a friend of mine who owns Neom stock and wanted me to post this message for him:
"After reading some of the posts here many have made me question how much due diligence has REALLY been done with this stock and the technology
Maybe the stock price has caused some to confuse short term volatility with the potential NEOM has.
A book Chas Fritz refers to in his videos “Smart Mobs” by Howard Rheingold, discusses the next “phase” of the internet. Phase 1 was this government project that was becoming available to to the masses allowing us to see websites?, get email? and chat.
I don’t understand what a website is, how do I send an email and WHO WILL MAKE MONEY from this free information?
So there is this company that has software that allows me to not use Prodigy, Compuserve or AOL? But who is going to buy it? How come nobody has licensed it yet, why isn’t it on PC’s now? Youre giving it away free? How will you make any money with it? Whos going to license this?
These, are all questions the venture capitalists asked Netscape too a few yrs ago. It’s a good thing they had a longer time frame in mind than a cpl qtrs.
Now we come to Phase 2 of the internet…WHAT DO WE DO WITH IT?
Phase 1 is one dimensional--- PC/laptop searching information from websites, email.
Phase 2 is where it gets interesting..with the introduction of the cameraphone and NEOM IP you have now taken the internet, mobile. Made the net 3-dimensional. Every object has the ability to be an information source…its own website…think about that for a second… every can, sign, shirt ,box, logo, word, bottle, tennis racket, concert ticket, CD, phone number etc…HAS THE ABILITY TO DIRECT YOU TO A WEBSITE. Cos now pay $100-$200 a yr per pdt just to register a pdt to a barcode..this info only is good for the retailer in a closed network….WHAT WILL COS PAY to “turn on “ that barcode and now have millions of people be able to see their website on thousands of their pdts? What is THAT WORTH for a brand manager?
The “for sale” sign takes you to the MLS listing
Pair of Nikes can tell u if they were made in a sweat shop
Elton John CD can give u a list of his concert dates and allow u to buy a ticket w/ one click
Package of fries at McDonalds tells you how many grams of fat
Is that an authentic bottle of Gucci perfume
What kind of reviews does this restaurant have
Whats the name of that song, I want to download it
Does this cold syrup have potassium in it, im allergic to that
Now think about this…every item w/ a barcode ( and soon an RfiD tag) will become a website and be able to offer dynamic information. Your cameraphone will become the most efficient search engine browser. The search engine mkt is expected to grow from $3b to $11b in 5 yrs…and that’s only a one dimensional mkt. Notice the big shift coming for Google and Yahoo to concentrate on “local search”…whats next “mobile search”..I think so…
So when I see guys getting upset about NEOM share price over the last few weeks, I have to remind myself too…sometimes new technology takes time to develop. But when you are finding yourself thinking of new applications everyday of what can be done with this IP, the short term fluctuations are irrelevant. This stock is really a publicly traded venture capital idea right now. Yes there are great risks to it but then again so are the rewards. One thing I am thankful for is this company IS PUBLIC and I AM ABLE to buy it. Millions of people wish Google was public yrs ago.
So when you get down at the stock price, look at it from another angle. Do you think this mkt space could be in the billions? Do you see recurring revenues from this IP? Do you see the big cos (MSFT YHOO AOL Google ) being able to benefit from this technology?
Will you see yourself utilizing this service this yr, next yr..many yrs after that?
If you really want to get a handle on how big this really could be, pick up Smart Mobs by Howard Rheingold…many big tech cos spend big fees to have him talk to their IT depts., theres a reason. He is the guy that saw the impact the PC would make in the 80’s and the internet in the 90’s….the guy is definitely ahead of the curve and deserves to be listened to. Chapter 4 The Era of Sentient Things will open your eyes and make you forget the day to day fluctuation of NEOM shares."