Do not give air to the fire you want to extinguish...
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I can not believe this board is still active, and there is something else to be said about Neomedia.
Well, that said. Hi everyone!
After all these years, I still lick my wounds from time to time. This was the most regrettable investment ever.
NM? They could not be more bold faced?
Crooks!
Hi Be Confident,
No, I do not have PM, only the free subscription
Vero
Nasdaq-NEOM--->No short interest
http://www.nasdaq.com/symbol/neom/short-interest
They provide monthly information, I thought it was bi-weekly.
BeConfident,
I believe it works this way:
Someone puts a buy order for 10M shares.
There are no shares available at the moment to fulfill the order.
MM knows they can find shares somewhere (example-->call YA on the phone)
The mm fulfills the order without having the shares available at the moment.
At the end of the day they can cover the short position if they found a source for the shares which could be generated by the same trading activity during the day or by having some source willing to sell their shares to them at a price that will allow them to cover and make a commission.
The overnight/carryover short data is disclosed bi-weekly, but the profiteers of daily manipulation traders are very happy with the daily short data as a great pumping tool.
That is how I understand it. Why would there by 2 different sets of data about "short" activity that can not be reconciled? The only reliable source of short activity (overnight/long term) is provided by the exchanges every 2 weeks.
Vero
Time to accumulate...and wait for Mr. Market to catch up.
BeConfident,
Those daily shorts reports have nothing to do with overnight shorting, or long term shorting. Those daily short numbers is data from mm as part of normal trading activity and ussualy gets settled or covered at the end of the day.
The short data that is not related to market makers trading and that is of relevance to regular traders is disclosed bi-weekly by the respective exchanges.
This daily data has no relevance at all for investors or traders, but is has become a huge tool for pumpers and market manipulators (specially in the underworld of small caps).
Just notice there is no "carry-over" of the daily short data.
Vero
Nice article Chevy, thanks for sharing.
4th quarter we should see the rates soaring!
Up, in a very bumpy way....
in my opinion.
Jacksira,
I said it was a dreaming thought...nothing more, nothing less. I have no hope of anything for this company.
Vero
The only reason YA has not diluted is because the exchanges will not accept 1 more 0 after the dot in the share price.
Added to the lack of interest in buying shares of this unlimited share printing machine.
Any uptick will be met with dilution, I have no doubts about it. And if the amount of shares printed exceeds what would give voting control to YA, then another reverse split would be done.
My advice to anyone looking into Neomedia: stay away! save your money, don't fall for bottom arguments. This stock has had no bottom since YA came into the picture, and will not have one until YA is gone...that is if Neomedia survives.
How?
So far...the panorama is that the needed shares to pay YA is 50 times the current authorized (more or less). That is like going to 50th level of hell. No future.
Now, dreaming...
With a $200 million cash contract (paid upfront)
Payout YA's $50 million right away and extinguish all debt(which Neomedia can do without needing permission of YA)
Use $20 million to buy back shares and reduce the outstanding.
Use the rest for operating and growing...
Oh, and all done the same day, without notice so the common shareholders can die the next morning of a heart attack, and Laura can have her day of revenge...
Ok...that was enough!
FRNT and FRO live quotes in other exchanges (links)
FRNT (Frontline 2012) ---> http://www.netfonds.is/quotes/ppaper.php?paper=FRNT.OTC
FRO (In Oslo)---> http://www.netfonds.is/quotes/ppaper.php?paper=FRO.OSE
Nigeria's tanker ban underscores disarray in oil industry
Source:http://uk.reuters.com/article/2015/08/05/nigeria-oil-tankers-idUKL5N10F2XJ20150805?feedType=RSS&feedName=rbssEnergyNews
I rather buy a lottery ticket to play that kind of odds...but in any case I wish all who got into it: Good luck!
I am just depleted of any hope regarding Neomedia.
Intertanko Indicative key figures
http://intertanko.com/Members-Information/Research-and-Projects/Research-and-Projects/Indicative-key-figures-/
Highest VLCC Rates Since 2008 Should Benefit These Companies
http://seekingalpha.com/article/3357655-highest-vlcc-rates-since-2008-should-benefit-these-companies
Nice article...
Thank you Diarch for your good wishes and kind words.
I wish we all witnesed some justice brought over this type of financing scheme...it is the most polished "legal" scam ever designed and implemented.
This has been a long jorney of aporia that unevitably ended in an empty space with empty hands...the only thing left was the pleasure of discussing, arguing and exchanging ideas...nothing else. I always have enjoyed your prose, very creative, humorous and unique. Your verb is full of colors. I enjoy that.
I will still be around, even if it is just to make sure there is a glued warning sign up there to the unsuspecting naive visitors.
Best wishes for you,
Vero
Jefe78,
That information as far as I know is obtained by very expensive subscriptions ranging in the $5K or more a year.
There is this chart I found very general but at least it gives a certain idea:
http://www.lloydslistintelligence.com/llint/tankers/baltic-index.htm#
Have a good night,
Vero
If there is a CEO I respect and trust is Mr. Fredriksen. He puts all his skin in the game. Hopefully FRO will give nice dividends after the consolidation like it used to in the past.
I gave up any hope related to Neomedia a long time ago. Hopefully I will recover some of the losses with my recently found diamond in the rough..I hope this time I can recover a portion (hopefully significant) of the losses from being invested in Neomedia's cartel.
Best wishes for all,
Vero
It is FRO's time....the perfect storm, the consolidation and the geopolitical aspect...it will explode in my opinion.
Removal from Nigeria tanker ban list may take months, lawyers warn
http://www.lloydslist.com/ll/sector/tankers/article465343.ece
Nigeria NNPC Bans 113 Oil Tankers from Nigerian Waters
http://gcaptain.com/nigeria-nnpc-bans-113-oil-tankers-nigerian-waters/#.VbGMlEWJPQQ
Heinz makes epic mistake with QR code on bottles [it involves porn]
http://agbeat.com/business-news/heinz-makes-epic-mistake-with-qr-code-on-bottles-it-involves-porn/
Diarch,
The last reverse split approved without shareholders vote was devastating. Not to mention the inability to get out because they started diluting shares before all the new (post reverse-split) shares had been allocated. I saw how the price went to nothing without being able to sell 1 share because I had not been "allocated" the new shares.
The last reverse split has "crooks" written all over it...
I have lost 132K in Neomedia, it is a shame to mention it.
I have a friend who has lost 90K.
or a continuation of a trend.
It all seems worthless, everybody (except the common shareholders) seems to be entitled to do as pleased with Neomedia.
All litigation with Scanbuy settled as of Dec 2014.
Expecting floods of shares whenever YA has somebody bidding.
Nothing seems to have changed here, 10Q is all the same as before...
Anything of interest in the 10Q?
****WARNING**** Please read:
If you are thinking that this is a great opportunity and that the price per share can not go lower in this stock please consider this:
Right now:
The authorized amount of shares is 7.5B
Neomedia'a debt is around $40-50 million
The actual conversion price of the "convertible" debt is 0.0001 (it is lower but I will leave it there for simplicity).
Number of shares needed to convert $40 million dollars of debt is:
$40M / $0.0001= 400,000,000,000 (400 Billion shares)
400 Billion shares is 53 times the current amount of authorized shares.
After looking at these numbers, the question of how many outstanding shares are there becomes irrelevant. YA has diluted recklessly for years and nothing indicates they will stop.
Now:
A little bit of history: looking through the numbers and without any type of "passion":
In 2007 the debt was $50 million. Since then there has been 2 reverse splits.
2007:
Authorized shares: 5 Billion
Outstanding: 500 Million
2010:
Authorized shares: 5 Billion
Outstanding: 2.2 Billion
1st Reverse Split: 1 x 100
2.2 Billion shares became 22 million shares
PLUS increase in authorized shares to 5 Billion
Meaning that the whole previous outstanding shares (what the common shareholder owned) became 0.44% of the whole amount of possible existing shares.
22,000,000 x 100 / 5,000,000,000 = 0.44%
2013
Authorized shares: 5 Billion
Outstanding shares: 4.9 Billion
Full dilution...
Yorkville Advisors (a.k.a. YA) formerly Cornell Capital ran out of shares...
2014
A sophisticated "reverse merger" to achieve approval of another reverse split without the need for common shareholders vote is approved by the Board of Directors.
May 2014--->2nd Reverse Split 1x15 PLUS an increase again of the Authorized shares to 7.5 Billion shares
Meaning: the previous authorized 5Billion shares became
5,000,000,000 / 15 = 333,000,000 shares that represent (the magic number) 4.44% of the whole amount of possible existing shares.
They now found the way to do reverse splits without even needing shareholder's vote. So unless you want to join the club of the 99% loosers you should stay away from this stock.
A reverse split can be called at any time...and you will see your money evaporate while hearing chants of billionaires, Apple, Google.....and whatever sirens fits in order to have a "buyer" of their dilution, deluge of freshly minted shares.
Save your money, stay away from this stock.
Same thing, different day.
Nothing new on our Neomedia's losses...rolling on the apparent floor of a bottom that has unlimited levels below.
Limit-less agony, trans-bottom type of investment.
Trans-finite...Aleph 2? maybe? going to 3?
If you want to experience a trans-finite agony, buy your Neomedia ticket here.
Therapy group that has lost 99.9% of their investment. Optimism has a lot to do with the acceptance or not of the "looser" position. It hurts less to be an optimist than to be a looser.
I am a looser for that matter: 99.9% looses...In a meaningful way.
I come here every now and then and observe...I have nothing different to say so I remain silent, mostly.
"YA turns money to excrement"
... scatological truth.
What a dirty, un-elegant and disgusting way of making a living these people have...
all done to die with empty hands...like everyone else.
Perfect moment for YA to do another reverse split with guarantee of majority of votes...
5,000,000,000 shares converted at 0.0001 = $500,000 of eliminated debt (out of $40 million)
If the price per share rises, Neomedia still gets the above same amount of eliminated debt from the books (no cash).
If the price rises YA gets the chance to cash-in (thanks to common shareholder purchases) by selling in the market what they convert at 0.0001 at whatever higher price, but no gain for Neomedia, the company gets nothing but the conversion price which stays low for the duration of the "lookback period" which is long enough to guarantee it does not go up. (YA has all their ducks in a row to take no risk)
The only risk YA takes is not finding enough naive people to buy their shares.