Tuesday, April 25, 2006 1:26:47 PM
That is the extreme case. NEOM's shares are not even close to this type of end-game. And NEOM has a degree of substance and could only grow by dealing with the unsavory Cornell. It is likely that NEOM will satisfy its present obligations and refrain from additional indebtedness (many companies actually make it a point in highly celebrated PRs announcing their disassociation with Cornell). I'm sure NEOM looks forward to that day.
I would view it as a death-knell if, by now, NEOM had to become increasingly indebted (beyond the heavy price it is now paying for past financing) to Cornell.
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