Edited to Add:
Wilma,
It is my view they distributed the funds to the debt holders. They had distributed the debentures across the nine 9.9% stakeholders. Each of them owned a portion of the debentures (debt). I feel somewhat certain these individuals received the letters.
However, why update the website to indicate they are a public company??
Also, and IMO relevant, I had been notified that on the day of the auction the mobile stock page on Yahoo Finance had been changed after hours. 99% of the news for NEOM had been deleted including the "June 6th filing," and the sole remaining news item was a 3 year old transcript of an interview with Laura. WHY?!!. It certainly appeared as though the stock was being reset in preparation for a new and revitalized life! Why leave JUST a copy of the transcript when the world was crumbling?! It simply appeared to me as a cleaning of the house, if you will, in preparation for revenues and a relaunch of the company.
And WHY would they remove such an important and informative filing as YA's calling of a default??! Wouldn't this create some form of liability?? Individuals may have purchased shares unaware of the default!
Some time later I noticed ALL financial websites had been changed, and merely one of two items appeared on any of the sites. Either Laura's transcript, or the last quarterly filing...but NEVER both on the same site. Why?!!
Edited to Add: I believe that many of the financial sites have now been updated to reflect ZERO news items. No transcript or quarterly filing. I have not checked more than a couple of sites but I presume it likely that most or all may have been changed.
I find all of the above as suspect, yet I've no comprehension as to how or why this ended the way it did, just as the industry is blasting off.
They say hindsight is 20/20, yet we are blind.
Best,
BC
