Well since so much of what was said is being misrepresented here, or not even being mentioned, I guess I will have to post my opinion on the recent developements.
First of all the CC was nothing more then what we have heard for 3 years now. The dates just keep shifting further out into the future.
My notes on the CC
1. As to the issue of cash flow positive, the quote was made "We hope to see results in the next year or so". Am I the only one heard that quote? Yes they said they were becoming a leaner company to get burn rate down, but they didnt say, as some here implied that that will get them cash flow positive by years end. Even the CEO said lets address that issue in a FEW months. A few is how many? Three, four, five, six? In other words its still way to early to even talk about cash flow positive.
2. On the issue of patents, some here are suggesting that NEXTCODE and OP3 are infringing and the CEO said they have an implied license. That is not what was said. The CEO said anyone who agrees to use QODE will have an implied license to NEOMs technology. It was also stated that NEXTCODE and OPS have their own symbology, indicating that they werent violating NEOMs patents. They did say they were going to keep an eye on them, incase they do overstep their bounds, is the way I took it.
3. It was reiterated that they have licensed to a couple of companies to date? Only a couple? What about all the noise here that there were many deals behindd the scenes to license Qode? I guess we now know that was all just hype from some posters here right?
5. The program is only developed in 5 languages to accomodate the UK and European markets at this time, since they are further developed. They mentioned France Italy and a few other countries, so you can forget a worldwide launch all at once.
6. Speaking of the world wide launch or hard launch some here posted daily about, there wont be one. It also was stated that they are looking at new pilot programs in those European countries, as well as some roll out programs.
7. On the patent issue they stated they have 27 patents in 14 countries. How many countries are there in the world? And those 27 patents are divided into 4 groups, and not all of any one group is effective in all 14 countries. Not to mention some of the patents have to do with paint as well. So contrary to some heres believes, not all 27 patents are in effect in all 14 countries. No one here at this time knows what patents are established in which of those 14 countries.
8. I pointed out before the big money is in advertising. NEOM made it clear they are not in advertising or search. They are merely a direct connect application, which can aid a user to get to an advertisements web page, but they wont collect any revenue off the advertisement.
9. In China there are 2 mobile carriers and two land based carriers for phone communications. Thats it 4 carriers. China already has smart codes in every type of print media available as I recall the statement, with China Mobile leading the field in this space. Add to that the fact NEOM has no patents in China so its gonna be a tough sell there.
10. On BREW they anticipate it being ready by year end, and have a prototype they are now working on, but said its been very difficult. So take the word they used "ANTICIPATE" for what it means. Its not a definate.
11. As to revenue, I find it hard to believe that they couldnt talk any new numbers, when they did just that in a recent PR when they said 12snap had just under 500,000.00 from 2 customers this past quarter. They said they couldnt talk about anything not released publicly, well wasnt this a public CC? And if it was simultaneous to a PR with some numbers then no harm no fowl. At least a projected revenue could of been given, and most companies do that all the time, so that was just a cop out in my opinion. But when we get to see that 500,000.00 in revenue from 12snap, watch what the expenses were.
12. Lastly on the TS issue, some here are now posting how he is hanging himself by making public statements to his readers. Does that statement also apply to NEOM when they make a public statement alleging criminal activity, in a PR they put out to stop the bleeding? Funny how no one here has been able to connect TS directly to this so called 3rd party yet all these allegations have been being thrown around carelessly. Maybe NEOM can make the connection, since they are the only one knows who they were negotiating with, but certainly no one here has a clue. My take on the situation is that NEOM was negotiating a deal to get some kind of analyst coverage by someone significant. There is always a fee to do a right up on a company so you can claim you have coverage, so there would be some kind of fee negotiations going on. This person being a stock analyst works with many companies and issues many reports. NEOM may have assumed since TS is a stock reccomendation person, he was at times using this analyst for TA on some of the companies he reccommends. Yes it could be that simple. I dont think he was working with someone, if he wasnt smart enough to wait for that person to tell him he had the signed contract in his hand, before issuing the sell order. Everything TS has said I said here more then once, and I too lost faith after waiting some 3 years. So have many others who post here, so why think it would be any different with TS, someone who is supposed to be an expert in picking stocks.
And as to TS referring to the 2.3 billion shares outstanding, they get that number by factoring in how many shares NEOM needs to settle all its debts at todays share price. That includes the preferred stock shares, the warrants, the acquisition shares, the compensation to the acquired companies on guaranteed price etc. promissory notes, employee benefit plans etc, and yes its up around 2.3 billion based on a share price of .10. It was 1.3 billion when they asked for the increase in shares authorized, and I believe at that time the pps was close to .40 a share.
Well have fun bashing this post.
AI
