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So much for NOKIA and NEOM,huh?? Oh well, just one more failed pipedream........I guess at some time we become desensitized and do not even feel any discomfort or pain of any kind........the numbing effect, indeed.
But the reality, or so it appears, is NOKIA has taken a closer look at Neomedia AND THE ALTERNATIVES to Neomedia regarding the technology, and like the bigger boys, has simply said thanks, but no thanks, it was fun for awhile but they did not move on the tech when they had the chance........and then you mix in the truly legendary mismanagement and the infamous shopping spree and then you wake up and say how in the world did I stay in this stock all the way down to under .05??? Of course, many will look back and say wow, what would I give today to be able to sell my shares way back at Tobin's sell call, throw in the towel on these clowns running the company...........that was way back at ELEVEN CENTS!!! Would you sell your shares today for ELEVEN CENTS?? There are probably 5 or 6 on here of the diehards who would say why sell for .11 today when the stock should be trading for .25.....LOL
The authority on most things regarding NEOM is Cornell, ever more now than ever.
Remember what I told you about Chas singing the praises of Cornell during last call, and not just once??
He was ordered to do that, make no mistake.
Why? Because Cornell is starting to feel the heat being turned up and they instructed Chas to put them in a positive light.
What do I think?? I think it behooves all of us to keep some pressure on Cornell, and to encourage Cramer and others to look even deeper at these people. And for basic justice for others, we should do everything possible to warn other investors of getting involved with at Cornell company....
And we should do all we can to make sure other little companies are aware of Cornell's track record BEFORE they take the poison.
Mr. Mark Angelo is the head guy and Cornell and is very definitely worthy of all the wrath that can possibly come his way.
Marvelous post, no doubt. Some things, actually many things, do not add up.
The one metric that is irrefutable is the PPS and another one is the lack of buying interest.......and the latter does not jive with what is posted on this board about how great NEOM is.
Are all of the big players with their war chests somehow overlooking Neomedia, who was supposedly the first in this area?? Seems like a stretch, does it not??
The more plausible, in fact, the more truthful reason, is that the bigs have said thanks but no thanks, nothing here we really need.
And that is BEFORE you factor in the breakneck speed of technology breakthroughs that will soon prove to render Neomedia patents worthless, for all intents and purposes.
Now go back and figure out they make any money on whatever revenues you think they might have and then divide by the number of shares and then figure how you move this stock back up to any meaningful value.......oh yes, and don't forget.....before you divide by the number of shares, check up to the minute reports to make sure they have not issued EVEN MORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I have not recommended of late that anybody sell down here....instead, a few of us have tried to balance the board........like the USA Today newspaper, which will have one editorial subject, and allow two very opposed views on whatever the subject is....
I will grant you there is not much more to lose, less than .05 if the ship completely sinks.
And once again, some more new people have been burned.....they bought into the hoopla only a few days ago and paid well over .06, some about .07, and are down substantially in just a few days.
There are so many millions of shares just waiting to be unloaded on any sign of light, make no mistake. Many large holders are stuck by the number of shares they hold, and with buying interest being somewhere between nil and negligible, they simply cannot dump without destrying the PPS. The Cornell cycle of poison has doomed the stock.
The burden of proof is on NEOM to show how somebody, anybody is violating their patents...so they have the burden and the huge expense........and we know their financial situation relative to some others.....it ain't too purdy.
And where will the 6 milion dollar plus payment come from?? More dilution perhaps????????
I still remember the call I got from CJ back when the stock was somewhere between .11 and .15, which seemed terrible at the time........he went on for 30 minutes about how the patents were solid, everything was fine, and was even laughing and joking frequently in the conversation.........this amazed me that he could even BEGIN to laugh, knowing the huge losses people had taken........I did not, nor do I now, think it was not caring about people's devastating financial losses, as much as being deluded and in denial, almost like he was in a dream and out of touch with reality.....I almost felt sorry for him after I got off the phone with him.......and I most certainly wished I had listened to my gut the minute I hung up, and simply put in a sell order........instead, I watched it go from that range to .075 where I finally took the hit.
I do not think CJ is a bad person, in fact, I think he is probably a real decent human being, but simply did not have the necessary ingredients and experience and business acumen to put the multiple and confusing pieces of the puzzle together.
Your description of a reverse takeover by the subs was very well-stated and, regrettably, the unfortunate truth.
Dlethe, in light of your and others efforts on behalf of Qode, can you offer us any reasonable explanation why nobody was buying last week???.......at least on a relative basis??
Is it that people think other technologies have passed NEOM by, is it the ineptitude and deplorable track record of management, or is it the poison that Cornell brings to the party, or is the PPS where it truly belongs??
Just curious what YOU think about how the PPS can be where it is....
How hard do you think it is, in the age of the Internet, to naked short these stocks and remain undetected???
Cornell is almost a quarter billion dollar company now....how hard do you think it might be for them through some clandestine relationships that you'll never know about....just how hard do you think it is to manipulate these stocks and lead the sheep up and down the hill, on the way to their destruction??
Time for Cornell to hear from alot of people that they had better do what they can to help their victims......truthfully, I do believe they want at least one of their most recent victims to survive, as they are now getting some well-deserved bad press.
For the whole article go to www.thestreet.com and search for the dubious CORNELL CAPITAL.
Why not write the Street.com and ask them to take another look at these guys?? And BTW, CF mentioning Cornell more than one time in last call......well, guess what, Cornell is beginning to fade some serious heat, and from what I was told, they pretty well told him he had dang sure better stroke them to the investors,......and, of course, he did just that!!
NOW READ THIS....you can email Cornell and tell them what you think about their nefarious activities.
Mark Angelo is the real culprit, but you can email jeicke at cornell capital.com and tell him to forward your email to the bigger guys at the company.
By Matthew Goldstein
Wall Street Editor
12/1/2005 7:12 AM EST
1. Cramer: Get the Oil Game Plan
2. Stockpickr: Stock Rockets for This Week
3. Merger Magic Eludes Sirius
4. Apple Juiced
5. Dykstra: Going Deep With Battered Yahoo!
Cornell Capital Partners, a hedge fund that specializes in finance for ailing penny-stock companies, is being investigated by securities regulators for its trading activity in shares of nine companies.
The Jersey City, N.J.-based hedge fund, which has more than $200 million in assets, disclosed the investigation in its most recent audited financial statement, a copy of which was obtained by TheStreet.com. Copies of the hedge fund's 2004 financial statement were mailed to Cornell investors in late August.
The Securities and Exchange Commission investigation of Cornell stems from a broad-based regulatory inquiry into allegations of manipulative trading in the $17 billion-a-year market for PIPEs, the Wall Street acronym for private investment in public equity.
While Fritz and CJ and the young CFO can never make up for the desperation buying spree and plethora other, almost unbelievable mistakes, I hope that if NEOM and/or MOBL go belly up or down much further, that us small investors should launch a campaign to get Tobin off the otherwise credible Bulls and Bears.
I also believe that we should encourage some well-known entity to investigate Cornell, for possible illegal shorting through third parties, or for legal but poisonous financing that simply leads to a more likely death for the companies that take the poison, albeit a slower death.
Cornell needs to know that if either of these companies fail, that the sharks at Cornell will be exposed for what they are, that being greedy, rotten ^$#@#%@!!!!!
Like I said several months ago, the NEOM CFO and CJ tag team never had a chance against the likes of bloodthirsty sharks like the people at Cornell.
The anonymous letter, Beacon, was very well written, indeed.
Nice and to the point request, and truthful presentation of what they have done to their shareholders.
Thanks, SteelersFan, for the first time ever, I have taken that action.
Yessir, thanks to Mickey for the weekly updates from Big Mike......keep them coming please, and much thanks!!
Have not officially heard a thing about either, but.........
Today is where you buy this stock.......at .025 or .026.
CONSIDER THIS YOUR OFFICIAL BUY TIME ANNOUNCEMENT!!!! LOL
Glad to see you not hiding the reality, Streets....
Great post.
Actually, it was not me.......but there is nothing wrong with that person calling him out........not everybody reads this guy's blog.
Now do we all understand why Jeff Mould has been PUMPING Neomedia???
Told you this gentleman was as partial as partial can get.
Not saying this is not good news, but now you UNDENIABLY see why he has been working so fervently to make the Neomedia case.
You might say he has a substantial financial interest!!! LOL
neom2006, I think he meant kudos to Chas for bailing out millions of shares back at .25 or so.....
I remember vividly discussing this issue with CJ, and he said not to think anything of it, he just needed some money for some real estate venture or some such.
Take a look at your NEOM account today and multiply by 5.....and now think how good that would feel if you had followed Chas' lead and jumped off the burning building back at .25.
Yes, look at the value of your NEOM holdings RIGHT NOW......and multiply by 5 and suddenly you will see Chas looking pretty damn smart!!!!!!!!!!!!!!!! LOL
If the technology is valid, and the patents are true, the stock does not trade for a mere .05.
Plain and simple truth, as unwelcome as that typically is on this board.
Truthfully,??????? I do believe their asses are about as sore as mine...LOL
Clearly time for Jay Wright to step up....the news from the other day does suggest, however, that the Kite IPO is in the works....which is not to say it is a given, but at least they are taking steps to make it a reality.
I am curious who it is everyday that continues to unload shares in 50, 100 and occasional 200 thousand share increments.
When Cornell is involved, nothing can come as too big of a surprise on the downside.
Nothing to do but lament the buy at an average of about .037 only a few days ago, and wait and see if the ship can be righted. I guess I will be grateful that I am not deep, deep underwater like so many who invested at much higher levels.
Woe is all of us longs at under .03.
Well, they may have a few plants in there to ask the questions they want asked......LOL
Once a sham, always a sham.
You good people remember that I tried to tell you a month or so ago that the buying spree was a LAST DITCH DESPERATION MOVE because the bigs at Neomedia knew the train had run out of track and that their asses were dead in the water, basically......they were looking at each other, each hoping the next guy could pull a rabbit out of a hat!!
It was a reckless and VERY irresponsible act, rooted in desperation because they knew the dream was coming to an end, they KNEW they had screwed up, and that others around the world were soon to pass them by.
Can you in your wildest dreams imagine how these people could have thought guaranteeing .39 made ANY sense at all??
What they did was akin to a gambler with a family with kids still at home who knows he has lost his ass at the card table and so he goes to the ATM and gets all the cash he can on his debit and credit accounts and then walks back to the table and says "ALL IN" on one hand, never thinking about how irresponsibly he is acting in regard to his family, who he has an inherent responsibility to provide for..........these guys have shown nothing but a callous disregard for the COMMON shareholders, make no mistake about it!!!!!!!!!!!!!!!
Most on here probably thought I was lying when I said there were some people who were incredibly and greatly relieved when the NYT came to the rescue....I have heard from a couple of people who unloaded the last of their big holdings yesterday and after reading this disastrous report.......well, let's just say we hope they will realize they were given a real dose of real grace and mercy.
Those of us who tried to tell the reality of what was going on here have been tarred and feathered on a regular basis.
Today we have been clearly vindicated and I want to thank the ones who had the courage to post the truth.
We are not glad for your loss and now you know why we felt compelled to at least present the truth, particularly in light of the rosy picture that a select few on here have painted for far too long.
I thought they would have been humbled and shown some remorse awhile back, but they were not.....perhaps now one of the team leaders can acknowledge how painfully they have been wrong.
My concern has not been for the sophisticated types but always for the inexperienced and naive, who are usually the ones who can least afford to get ripped off on a deal like neomedia.
Now you know why I said you need to be sitting down when you read this thing.
A misguided, desperate last-ditch buying spree did this one in.
I told you awhile back that it was worse than you could imagine.
This dilution problem is much more severe than the dream team Neom-smokers would have ever led you to believe.
This one goes lives on in infamy....remember, I told you these guys should win the 2006 International Award for Mismanagement!!!!!!
Beyond the pale, way beyond.......what an unmitigated disaster!!
I do understand it being a most difficult task to put that document together, when you consider the buying spree and then settling all those deals, etc.
An accounting nightmare, indeed.
May I respectfully suggest you are sitting down and/or in a bomb shelter when the reality is revealed.
Thanks for your honesty, particularly in light of the fact that you hold so many shares, Drmyke.
You should be given credit for your balanced objectivity, not ridiculed or abused for having mixed feelings.......they are certainly understandable.
You ARE THE ONE PERSON on here who best characterized the buying spree when you said something along the lines of "there has been a wealth transfer from us common shareholders to a small group of other people".....
Even CJ publicly said some time back that the current shareholders were not going to like what was going to happen to them,........or some such.
And that was way back at .20 or .25, IF I recall correctly. I am sure some other realist on here can pinpoint the time and the comment a little better than I.
I think I told you yesterday that there were some very happy people, that truly feared there was no way to unload their shares without driving the price into the .03 area. They are feeling pretty chirpy today and are deeply grateful to the NYT as well as the cheerleading squad on IHUB.
Don't you love the timing of the company getting you excited with the MENTION in the NYT and then decking you with a powerful left uppercut to the chin????
The lethal blows of dilution and TRULY INCREDIBLE mismanagement have ruined this investment, pure and simple.
In a few more months, you will likely wish that this company ONLY HAD ONE BILLION SHARES OUTSTANDING!!!!!
Sheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeesh!!!!!!!!!
Some of the pie-in-the-sky types need to do some math and figure out how much your shares can move when you have to take any profits and divvy them up among ONE BILLION SHARES!!
That should drive home the harsh reality of what incessant dilution does to stockholders....but hey, that's okay, the Ft. Myers group will continue to eat very well for at least awhile longer.
The fact that there is 879 million shares outstanding is not OLD news........NOT TO A LOT OF PEOPLE.
Going over a billion soon.......and now you know why they authorized FIVVVVVVVVVVVVVVVVVVVEEEEEEEEEEEEEEEEE Billion shares!!!!!!!!!!!!
Say it ain't so!!!!!!!!!!!!
I have tried fervently to warn these people that the dilution was nowhere near over and had truly ruined any chance of MEANINGFUL recovery of their PPS.
Some greatly relieved sellers today, many of which no doubt thought they could never unload this much without driving the price way down.
Some got .06 for shares they feared would one day be virtually worthless.
you are right, Drmyke, you have not been out of order but the character who talks to you that way is what we call in sports a bad sport, never being able to graciously accept that they lost or are losing very badly.
Most that read this board surely will realize that his post to you reflects tremendously more on him that it does you.......and in a not-so-favorable light.
Hope things get better for Howard, but more importantly hope his way of looking at things gets more objective as he gets older!!!!!!
A valiant effort, but a hugely disappointing result.
Now all the way back to almost a nickel. Perhaps those that bought the news took a look at the reality of the company.
And perhaps they figured out some other things as well.
Is this not an article about BAR CODES that Neom got mentioned in?? Sheesh, reading the posts on here first, I thought that it was an article about a company in dire straits that is based in Ft. Myers, Fl, known as Neomedia.......
In other words, that it was a NEOMEDIA article, not a BAR CODE article....
Of course, when REAL DD types look at the financials, they will quickly move on, just like others already have when they look at the competition and realize that crossing NEOM bridge is merely a pumper-driven phrase that simply is not true anymore.....many ways to go around the so-called bridge.
And I got some more news for you, there are people waiting for any little move to unload millions upon millions of shares....
And if you managed somehow to get to .06, you could then say I own a stock that has gone from .75 to .06, not .75 to .04, and you can even say you are proud of that!!!!!!! Sheesh, an unmitigated disaster no matter how you frame it!!!!!!
NEOM was only mentioned because of it's meteoric move from before......MAKE SURE you understand that was the only context it was mentioned in, nothing even hinting at entering it now.
Only problem with showing a chart that shows NEOM at $16 is the fact that it causes some naive investors to think that is still possible.....some that do not understand dilution, etc.
Most on here do, of course, but there are still a few I won't name, who will look at that and say there is still a chance, once we get discovered, or get our due, or whatever.
The current group of common shareholders have been sold down the river, that much is for sure.
Neom will not be the first company to be destroyed by dilution, nor the last. It may limp on, just not for any meaningful value relative to what was paid for the stock by the vast majority of people on here.
If you start looking at how much money the company must make, and then factor in how that must be divvied up on a per share basis, you can see that the chance of any meaningful recovery is dim, as in very dim.
3G Vision guys?????????? One of several, but one of the best.
Just what I was telling you before.........way too many boats in the water, and the ones with nearly nil for revenues will soon sink.........in fact, one of them we are familiar with basically already has.
More dilution coming, so prepare yourselves.
And more 3G types coming to.