Cheers Peacemaker. While my mantra is negative, this is merely because NOW is NOT the time to invest in Neom. IMSO, and based upon repetitious history, I anticipate another r/s followed by a rapid decline in pps (significanly more rapid than the last one). At that time we may be a bit closer to an investment opportunity.
As I had stated the other day, I feel it quite likely any new investors will require an r/s prior to consumating the transaction. They typically prefer a clean slate and will want to convert shares the way YA has, and will not wish to begin with a 5, 6, or 7.5 BILLION share O/S.
...And should the new financing arrangement fall through, YA will bring us to the 7.5 O/S simply via the volume we are currently seeing from new daytraders entering the picture. At or prior to reaching 7.5 billion, another r/s will be announced so that YA can continue their dilutive practices and receive their 5% discount on all conversions (they EARN 5% on each and every share they convert!).
I continue to anticipate a 1 BILLION share trading day (which WILL NOT move the pps so much as .0001 due to YA's conversions. This is not fantasy, this has been demonstrated with 200 million and 600 million share trading days) and at that time the r/s will be upon us IMO. Yesterday's volume alone, if continued daily for the next 36 days, will bring us to the 7.5 BILLION O/S.
Simply put, now is not the time to invest in this company.
All (and I do mean ALL) of the above, is JMO but based upon long term repetitive history.
Best,
BC
