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He is part owner of the Lakers and he is supposedly worth 7 Billion!
Again, he will not stop at a mere 25%, he wants to own Neomedia.
http://espn.go.com/blog/los-angeles/lakers/post/_/id/23349/qa-with-the-richest-lakers-owner-dr-patrick-soon-shiong
Think about this, why would a billionaire would stop at 25% ownership when he could easily buy his way into over 50%! Perhaps he has plans of using this Neomedia's Tech in China! Regardless, shares are at a 25% discount of what he paid---great buy IMO
All I knbow for sure right now is Dr. Shiong paid $.044 for his shares...is that an average price? That is about 25% higher than current price and no one buys share believing they are going down.
:) Good catch... from $.014 to $.056 is 400% gain but a 60% loss after that means only a 60% overall gain ($.014 to $.0224)!
Are you saying another 33 Million in volume puts us back where we started? Wow
Unbelievable drop...almost 60% U G L Y...ugly!@@#$%^&! Tell me we are not headed back for $.01's!!!!
And they could look expensive tomorrow!
In the past announcements like this have not proved to be a big deal at all! I'm not excited about it, is anyone else?
If this thing hits the $.02's....watch the panic...
It will be extremely interesting to see how much dilution has occurred with volume as high as it has been. I suspect even those who have been here a while will be a little shocked. I cannot seem to shake the idea that YAGI is milking this for all it is worth and diluting like crazy.
And a drop of nearly 30% would cause many would be investors to shy away from stock
Don't think this is a good sign, with all the attention that Neomedia is getting right now for it to go down this morning cannot be a good sign.
Don't think I agree with your analysis...no one said it was a pump and dump...there has been no pump, but a ton of speculation. There is reason for concern because this stock can fall through the floor fast. Time will tell, I still hope YAGI is not pulling a fast one and planning to dump 100's of millions of shares to max out OS. Can't seem to shake the idea that they are...
Momentum slowed at the end of the day...hard to believe we could not break into the $.06's with almost 20 minutes to go in the trading day and only a couple hundred thousand shares and only $.0023 cent move needed.
MAKE THAT LESS THAN 200,000 SHARES BEFORE $.06
a few 100,000 shares wipes out the $.05's and into the $.06's
No significant size sells listed on Level 2 quotes.... :)
i went back and looked at the last run up to $.20 + and it was relatively rast .01, .05, .20 than back down very very fast, but the volume was small compared to what is happening now...YAGI better not be playing us for some massive dump!
..????????
This has got to be a dream for YAGI (seems like everyone is forgetting about what they have consistently/regularly done for the several years).
Not sure but they have been working with Sony Ericson / Mobile for quite a while now.
This is either something significant or YAGI making a major play to sell/dillute more a lot more shares (Milk her for all she's worth)!
History tells me it is the later...
have a really hard time believing average shareholders are producing this kind of volume though
Any suggestions on the best level 2 quote service?
Not buying the hype/run up...
Thanks Sean!
How long will shareholders have to wait for news to run the price up again?
I think it goes under a penny.... :(
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a few million shares just brought it down almost 20%
then buy more someone is selling 1.8 million at .0115
Who has sold 78 Million shares...not the people on this board that is for sure! Dilution Dilution Dilution!
I should have slept in (Pacific Time)! What a milk toast conference call!
I really think this is big news for us shareholders! It will inevitably result in the neoreader being downloaded on more and more handsets and with that will come more and more downloads and recognition.
All of which makes Neomedia's solution more valuable to advertisers. The scope of this would seem to be huge and should bod well for shareholders.
Well said...
In a conversation i had recently with one of the men behind our patents it was noted, by them that we are still early. MARKETERS are still playing with direct and its only a matter of time when they will realize managed codes are a must for analytic, tracking, effectiveness and the like. I have to agree and yet for us the dilution issue is still the problem for us.
The EPO said that the decision would not be public for 1-3 weeks.